Equity
-€204,265
Debts exceed assets in financial year 2024.
MDS
Lifetime
7 annual accounts with figures on one time axispeak €457,363 (2020)
€213,899▲ 0.7%
lowest -€208,772 (2019)
-€15,436▼ €17,461
peak €26,913 (2018)
-€204,265▼ €15,436
€942,891▼ 16.2%
peak 6.2 FTE (2019)
3.2 FTE▼ 11.1%
Board4 names since 2017
1 director
Documentsfilings and deeds
27-07-2026361 days late
2024abbreviated format
Loss of €15,436Staff from 3.6 FTE to 3.2 FTEDebts from €1.1m to €942,891Cash from €102,722 to €25,738
Key points
from the 2024 annual accountsTurnover
≈ €1.3m estimated
The accounts state no turnover.
Debts
€942,891 128% of the balance sheet
Financial debts 8%Suppliers 45%Taxes and wages 15%Other 31%
Staff
3.2 FTE from 6.2 in 2019
Between 2019 and 2024, 48% of the full-time equivalents disappeared.
Filings
7 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€204,265
Less equity than 95% of companies in retail trade. Sector median €336,546 · 9,514 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as MDS has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for MDS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Manager, since 19-12-2017
- founderdeed of 21-12-2017
- founderdeed of 21-12-2017
- 5 sharesdeed of 21-12-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0686627663
Resignation: (director)
Director discharge: (director (not named in the articles)) · General meeting of 14-01-2024 · Gazette deed
Plan homologation
Enterprise Court of Ghent · judgment of 13-12-2022 · Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Ghent · collective agreement · judgment of 24-08-2022 · Judicial reorganisation
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDS Assenede | €0.7m | €213,899 | -27.7% | 3.2 |
| GARAGEVERMEIRE+ Aalter | €0.8m | €284,564 | 5.8% | 3.7 |
| ARTHMOBILE Jodoigne | €0.6m | €269,604 | 18.5% | 3.8 |
| DM AUTOMOTIVE Grobbendonk | €0.8m | €300,762 | -45.2% | 3.5 |
| Garage VANDERHAEGEN Régis Tournai | €0.5m | €233,251 | 59.9% | 2.5 |
| HAZARD Arnaud Pecq | €0.8m | €373,473 | 29.8% | 2.9 |
| DAILY CARS CENTER Waterloo | €1.1m | €236,076 | 48.8% | 2.3 |
These companies have the same main activity as MDS: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €534,000 and €1.1m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 19-12-2017Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 1 other
- Joint committee
- 112Garages · annual accounts 2024
- Establishment unit
- 2.270.994.7819968 Assenede, since 19-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 02-06-2025
Insights on MDS
MDS files the abbreviated format. That format states no turnover. The gross margin fell from €374,833 in 2018 to €213,899 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDS
- What is the company number of MDS?
- The company number of MDS is 0686.627.663. The VAT number is the same number with BE in front: BE 0686.627.663.
- Where is MDS based?
- The registered office is at Rijkestraat 50A, 9968 Assenede.Company details
- What does MDS do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of MDS?
- MDS is a private limited company (pre-2019) (BVBA).
- When was MDS founded?
- MDS was founded on 19-12-2017.
- Is MDS still active?
- Yes, MDS is an active enterprise in the KBO register.
- How many employees does MDS have?
- MDS had an average of 3.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MDS fall under?
- In its 2024 annual accounts, MDS states joint committee 112 (Garages).
- What is the turnover of MDS?
- The turnover in financial year 2024 is ≈ €1.3m. This figure is estimated from the gross margin of €213,899 and 36 comparable companies (NACE 47811). It probably lies between €750,000 and €2.9m.
- Is MDS profitable?
- In financial year 2024, MDS made a loss of €15,436.
- Where can I find the annual accounts of MDS?
- MDS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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