MDS
ActiveMDS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.32M and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity short (current ratio 0.27 against 0.34 in 2024), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
-1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 18-07-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
39 d early
2023
9 d early
2022
9 d early
2021
1 d early
2020
62 d late
2019
50 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.32M▼ 1.4%
2024 · €1.34M
2018: €172k
2019: €148k
2020: €4k
2021: €-25k
2022: €-40k
2023: €-52k
2024: €1.34M
2018 → 2025
Total assets
€1.80M▼ 2.5%
2024 · €1.85M
2018: €877k
2019: €812k
2020: €654k
2021: €599k
2022: €541k
2023: €501k
2024: €1.85M
2018 → 2025
Net result
€-18k▼ 400%
2024 · €-4k
2018: €-16k
2019: €-25k
2020: €-143k
2021: €-29k
2022: €-15k
2023: €-12k
2024: €-4k
2018 → 2025
Working capital
€-43k▼ 16.3%
2024 · €-37k
2018: €118k
2019: €102k
2020: €-22k
2021: €-32k
2022: €-38k
2023: €-40k
2024: €-37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-25k-€-40k▼ 61.3%€-52k▼ 28.8%€1.34M€1.32M▼ 1.4%
Operating result€-28k-€-15k▲ 46.9%€-13k▲ 16.6%€-5k▲ 63.7%€-20k▼ 337%
Net result€-29k-€-15k▲ 47.9%€-12k▲ 24.4%€-4k▲ 68.0%€-18k▼ 400%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€1.79M▼ 2.4%
Current assets
€16k▼ 16.6%
Equity and liabilities €1.80M
Equity
€1.32M▼ 1.4%
Provisions
€76k▼ 10.0%
Debt
€408k▼ 4.7%
The debt ratio falls from 23.1% to 22.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€24k▼
2024 · €39k
Cash flow
€25k▼
2024 · €40k
Solvency
73.2%▲
2024 · 72.3%
Current ratio
0.27▼
2024 · 0.34
Quick ratio
0.27▼
2024 · 0.34
Debt / equity
0.31▼
2024 · 0.32
ROE
-1.4%▼
2024 · -0.3%
ROA
-1.0%▼
2024 · -0.2%
Interest coverage
3.37▼
2024 · 5.07
Debt
€408k▼
2024 · €428k
Debt ≤ 1 year
€58k▲
2024 · €55k
Debt > 1 year
€341k▼
2024 · €372k
Income taxes
€60
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.85M€1.80M▼
Fixed assets21/28€1.83M€1.79M▼
Tangible fixed assets22/27€1.83M€1.79M▼
Land and buildings22€1.83M€1.79M▼
Current assets29/58€19k€16k▼
Amounts receivable within one year40/41€1k€634▼
Other amounts receivable41€1k€634▼
Cash at bank and in hand54/58€18k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.80M▼
Equity10/15€1.34M€1.32M▼
Contributions10/11€6k€6k=
Revaluation surpluses12€1.39M€1.39M=
Reserves13€171k€155k▼
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Tax-exempt reserves132€163k€147k▼
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-233k€-235k▼
Provisions and deferred taxes16€84k€76k▼
Deferred taxes168€84k€76k▼
Amounts payable17/49€428k€408k▼
Amounts payable after more than one year17€372k€341k▼
Financial debts170/4€339k€307k▼
Other amounts payable178/9€33k€33k▲
Amounts payable within one year42/48€55k€58k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€76-
Taxes450/3€76-
Other amounts payable47/48€19k€22k▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k=
Other operating charges640/8€5k€5k▼
Gross operating margin9900€44k€29k▼
Operating profit (loss)9901€-5k€-20k▼
Financial income75/76B€200€161▼
Recurring financial income75€200€161▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€-12k€-27k▼
Transfer from deferred taxes780€8k€8k=
Income taxes67/77-€60
Profit (loss) for the period9904€-4k€-18k▼
Transfer from tax-exempt reserves789€16k€16k=
Profit (loss) for the period to be appropriated9905€13k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-233k€-235k▼
Profit (loss) brought forward from the previous period14P€-245k€-233k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Equity above €1MEq €1.34M
Equity rises from €-52k to €1.34M.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
2020
30-11
Financial
Weakest financial yearnet €-143k
Net result drops to €-143k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zijpstraat 719308 AalstGround area
2,974 m²
Building footprint
674 m²
Volume, LiDAR
3,283 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ninovesteenweg 84, 9320 Aalst
since 20012.116.138.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029C0198/00L000 | Flanders | 1,873 m² | 1 · 133 m² | 11.4 m · 3 fl. |
| 41342B0898/00E002 | Flanders | 1,101 m² | 1 · 541 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 893 EUR awarded · 893 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 893 EUR | 893 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 24,707 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2001
Fiscal year end30-11
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.