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MDS-CONSTRUCT

Active
Private limited companyfounded 2012active for 14 yearsNevelestraat 60, 9880 Aalter, BelgiumKBO/BCE: BE 0844.628.389

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MDS-CONSTRUCT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €588,536 and a net result of €165,726. Equity has been growing by about 29% per year since 2019. Its solvency ranks better than 33% of 150 sector peers (NACE 25, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

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MDS-CONSTRUCTActiveChecked score 89/100
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Overview

Overview

Official details

KBO
Status
Active since 20-03-2012 Normal situation
Activity
Manufacture of metal structures and parts of structures NACE 25110and 5 others
Establishment units
2.208.768.291 9880 Aalter, since 01-04-2012
2.369.313.090 9800 Deinze, since 01-01-2025
Financial year end
31 March
Peppol
Reachable since 12-06-2025
Company details

Board and ownership

Board
Board & ownership

Financial position

89 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 31-03-2026
Gross margin
€385,967
▼ 15.6%
Turnover
≈ €910,000
estimated
Profit
€165,726
▼ 1.9%
Equity
€588,536
▲ 19.9%
Total assets
€1.6m
▼ 1.8%
Staff
0.5 FTE
=
Filed on 04-09-2026, 57 days before the deadlineat the National Bank
Financials
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFigures for financial year 2026 (filed on 07-09-2026)Size: 0.5 FTE, total assets €1.6mFounded in 2012Show the evidence

Checked score

Score 2026
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 58% of micro companies in fabricated metal products (NACE 25)
Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Strong
Solvency 61+7
equity 35.9% of total assets
Liquidity 58+4
short-term debt 8.4% · cash 6.4%
Profitability 81=
return on assets 10.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,706 companies, NACE 25, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.36 (1.75 in 2025), above the usual 1.5. Short-term debt is 8.4% and cash 6.4% of total assets. However, 64.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 39% of them on solvency, 57% on liquidity, 66% on profitability and 71% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Figures for financial year 2026 (filed on 07-09-2026)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Size: 0.5 FTE, total assets €1.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2012
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 04-09-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
57 days early
2025
52 days early
2024
48 days early
2023
34 days early
2022
5 days early
2021
33 days early
2020
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 13 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, full format

Annual accounts 2026 filed on 04-09-2026 at the NBB all 14 filings

Turnover
≈ €910,000
Estimated: probably between €550,000 and €1.6m
EBIT margin
Not included in this filing
Net result
€165,726▼ 1.9%
2025 · €168,989
Working capital
€324,083▲ 24.9%
2025 · €259,538
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 8% higher than in 2025 and the highest since 2022. It is the fourth rise in a row.

Operating result€0.3m 2026 Net result€0.2m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.07m-€0.04m▼ 48.1%€0.03m▼ 3.4%€0.04m▲ 20.5%€0.08m▲ 83.5%€0.1m▲ 84.4%€0.3m▲ 90.4%€0.3m▲ 7.8%
Net result€0.06m-€0.02m▼ 68.3%€0.02mwithin the sector's middle half▲ 18.6%€0.04mabove the sector's middle half▲ 71.8%€0.05mwithin the sector's middle half▲ 26.8%€0.09mwithin the sector's middle half▲ 76.7%€0.2mabove the sector's middle half▲ 93.9%€0.2m▼ 1.9%
Equity€0.1m-€0.1m▲ 18.2%€0.1mwithin the sector's middle half▲ 18.3%€0.2mabove the sector's middle half▲ 26.5%€0.2mbelow the sector's middle half▲ 26.6%€0.3mwithin the sector's middle half▲ 37.1%€0.5mwithin the sector's middle half▲ 52.5%€0.6m▲ 19.9%
Total assets€0.2m-€0.2m▼ 10.1%€0.2mwithin the sector's middle half▲ 13.2%€0.3mwithin the sector's middle half▲ 57.3%€0.7mbelow the sector's middle half▲ 119%€0.7mbelow the sector's middle half▼ 4.8%€1.7mwithin the sector's middle half▲ 149%€1.6m▼ 1.8%
Debt€0.1m-€0.06m▼ 40.9%€0.06m▲ 2.2%€0.1m▲ 135%€0.5m▲ 244%€0.3m▼ 25.8%€1.2m▲ 239%€1.1m▼ 10.7%
Working capital€0.06m-€0.1m▲ 51.6%€0.1mabove the sector's middle half▲ 16.1%€0.1mabove the sector's middle half▲ 16.5%€0.2mwithin the sector's middle half▲ 35.4%€0.2mwithin the sector's middle half▲ 37.8%€0.3mwithin the sector's middle half▲ 4.9%€0.3m▲ 24.9%
Solvency52.2%-68.6%▲ 16.4pp71.7%above the sector's middle half▲ 3.0pp57.6%within the sector's middle half▼ 14.0pp33.4%within the sector's middle half▼ 24.3pp48.0%within the sector's middle half▲ 14.7pp29.4%within the sector's middle half▼ 18.6pp35.9%▲ 6.5pp
Current ratio1.67-2.77▲ 1.093.60above the sector's middle half▲ 0.842.05within the sector's middle half▼ 1.551.38within the sector's middle half▼ 0.671.71within the sector's middle half▲ 0.331.75within the sector's middle half▲ 0.043.36▲ 1.61
Return on assets (ROA)30.0%-10.6%▼ 19.4pp11.1%within the sector's middle half▲ 0.5pp12.1%within the sector's middle half▲ 1.0pp7.0%within the sector's middle half▼ 5.1pp13.0%above the sector's middle half▲ 6.0pp10.1%within the sector's middle half▼ 2.9pp10.1%=
Staff (FTE)0.30.5▲ 66.7%1▲ 100%0.5below the sector's middle half▼ 50.0%0.5below the sector's middle half=0.5below the sector's middle half=0.5=
above within below The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.6m
Fixed assets €1.2m ▲ 10.8%
Current assets €461,464 ▼ 23.8%
Equity and liabilities €1.6m
Equity €588,536 ▲ 19.9%
Debt €1.1m ▼ 10.7%
Debt's share of the balance-sheet total falls from 70.6% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€355,704▲
2025 · €296,702
Cash flow
€236,302▲
2025 · €201,080
Quick ratio
3.29▲
2025 · 1.17
Debt to equity
1.79▼
2025 · 2.40
ROE
28.2%▼
2025 · 34.4%
Interest coverage
9.89▼
2025 · 14.68
Debt ≤ 1 year
€137,381▼
2025 · €346,146
Debt > 1 year
€915,210▲
2025 · €833,262
Income taxes
€83,831▲
2025 · €75,574
Staff costs
€25,283▼
2025 · €50,154
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as MDS-CONSTRUCT: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1m and €2.8m, founded between 2006 and 2017.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
MDS-CONSTRUCT Aalter2012€1.6m€0.6m€0.4m€0.2m0.52026
VANDEWALLE METAALCONSTRUCTIE Ingelmunster2013€1.4m€1.1m€0.4m€0.2m12025
D & B METAALCONSTRUCTIE Roeselare2009€2.4m€0.5m€0.4m€0.08m12025
GLT-Lastechniek Wingene2011€1.0m€0.7m€0.4m€0.2m12025
RS Construction Liège2017€1.6m€0.4m€0.5m€0.3m0.72025
VDK-Technix Zele2014€2.8m€1.1m€0.5m€0.3m1.42025
HOFMAN MONTAGE Hamme (Vl.)2006€1.4m€0.4m€0.3m€0.05m1.62025

They were chosen from the 2,093 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as MDS-CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

That fits the bankruptcy probability of MDS-CONSTRUCT itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 34,693 companies, not a prediction for MDS-CONSTRUCT. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 59 lines

Source: Annual accounts 2026 at the NBB, filed on 04-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€1.7m€1.6m▼
Fixed assets21/28€1.1m€1.2m▲
Tangible fixed assets22/27€1.1m€1.2m▲
Land and buildings22€0.9m€1.1m▲
Plant, machinery and equipment23€0.009m€0.01m▲
Furniture and vehicles24€0.1m€0.09m▼
Financial fixed assets28€430€430=
Current assets29/58€0.6m€0.5m▼
Stocks and contracts in progress3€0.2m€0.01m▼
Stocks30/36€0.2m€0.01m▼
Amounts receivable within one year40/41€0.3m€0.3m▲
Trade receivables40€0.2m€0.3m▲
Other amounts receivable41€0.06m€0.02m▼
Cash at bank and in hand54/58€0.1m€0.1m▼
Deferred charges and accrued income490/1€0.002m€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m▼
Equity10/15€0.5m€0.6m▲
Contributions10/11€0.006m€0.02m▲
Capital10€0.006m€0.02m▲
Issued capital100€0.02m€0.02m=
Uncalled capital101€0.01m-
Reserves13€0.5m€0.6m▲
Non-distributable reserves130/1€0.001m€0.001m=
Legal reserve130€0.001m€0.001m=
Distributable reserves133€0.5m€0.6m▲
Amounts payable17/49€1.2m€1.1m▼
Amounts payable after more than one year17€0.8m€0.9m▲
Financial debts170/4€0.8m€0.9m▲
Amounts payable within one year42/48€0.3m€0.1m▼
Current portion of amounts payable after more than one year42€0.09m€0.05m▼
Financial debts43€0.1m-
Credit institutions430/8€0.1m-
Trade debts44€0.1m€0.06m▼
Suppliers440/4€0.1m€0.06m▼
Taxes, remuneration and social security45€0.02m€0.03m▲
Taxes450/3€0.02m€0.02m▲
Remuneration and social security454/9€0.007m€0.007m▲
Other amounts payable47/48-€360
Accrued charges and deferred income492/3€450€450=
Income statement Code20252026
Remuneration, social security and pensions62€0.05m€0.03m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.07m▲
Other operating charges640/8€0.1m€0.005m▼
Gross operating margin9900€0.5m€0.4m▼
Operating profit (loss)9901€0.3m€0.3m▲
Financial income75/76B€164€379▲
Recurring financial income75€164€379▲
Financial charges65/66B€0.02m€0.04m▲
Recurring financial charges65€0.02m€0.04m▲
Profit (loss) for the period before taxes9903€0.2m€0.2m▲
Income taxes67/77€0.08m€0.08m▲
Profit (loss) for the period9904€0.2m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▼
Transfer from equity791/2-€0.08m
Transfer to equity691/2€0.2m€0.2m▼
To other reserves6921€0.2m€0.2m▼
Profit to be distributed694/7-€0.08m
Return on contributions (dividend)694-€0.08m
Social balance sheet
Average headcount (FTE)90870.50.5=

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Remuneration, social security and pensions62---€23,684€17,523€85,887€50,154€25,283▼ 49.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,339€14,206€21,399€15,362€18,984€18,999€32,091€70,576▲ 120%
Other operating charges640/8---€120€1,593€5,363€110,634€4,980▼ 95.5%
Gross operating margin9900€83,047€92,040€66,674€80,236€113,479€249,218€457,490€385,967▼ 15.6%
Operating profit (loss)9901€67,979€35,291€34,076€41,069€75,379€138,969€264,611€285,128▲ 7.8%
Financial income75/76B---€17,279€402€277€164€379▲ 131%
Recurring financial income75€15€509€3€17,279€402€277€164€379▲ 131%
Financial charges65/66B---€1,243€5,951€13,394€20,212€35,950▲ 77.9%
Recurring financial charges65€625€678€981€1,243€5,951€13,394€20,212€35,950▲ 77.9%
Profit (loss) for the period before taxes9903€67,369€35,121€33,098€57,105€69,830€125,852€244,563€249,557▲ 2.0%
Income taxes67/77€7,096€16,031€10,452€18,199€20,515€38,701€75,574€83,831▲ 10.9%
Profit (loss) for the period9904€60,272€19,090€22,646€38,906€49,315€87,151€168,989€165,726▼ 1.9%
Profit (loss) for the period to be appropriated9905€60,272€19,090€22,646€38,906€49,315€87,151€168,989€165,726▼ 1.9%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€0.2m€0.2m€0.2m€0.3m€0.7m€0.7m€1.7m€1.6m▼ 1.8%
Fixed assets21/28€0.04m€0.03m€0.05m€0.06m€0.06m€0.08m€1.1m€1.2m▲ 10.8%
Tangible fixed assets22/27€0.04m€0.03m€0.05m€0.06m€0.06m€0.07m€1.1m€1.2m▲ 10.8%
Land and buildings22---€0.01m€0.02m€0.04m€0.9m€1.1m▲ 14.8%
Plant, machinery and equipment23---€0.004m€0.009m€0.009m€0.009m€0.01m▲ 12.9%
Furniture and vehicles24---€0.05m€0.03m€0.03m€0.1m€0.09m▼ 22.7%
Financial fixed assets28€230€430€430€430€430€430€430€430=
Current assets29/58€0.2m€0.2m€0.2m€0.3m€0.6m€0.6m€0.6m€0.5m▼ 23.8%
Stocks and contracts in progress3-€0.001m€0.004m€0.003m€0.2m€0.2m€0.2m€0.01m▼ 95.0%
Stocks30/36---€0.003m€0.2m€0.2m€0.2m€0.01m▼ 95.0%
Amounts receivable within one year40/41€0.2m€0.08m€0.1m€0.2m€0.4m€0.3m€0.3m€0.3m▲ 34.3%
Trade receivables40---€0.2m€0.4m€0.2m€0.2m€0.3m▲ 62.0%
Other amounts receivable41---€0.02m€0.008m€0.07m€0.06m€0.02m▼ 64.6%
Cash at bank and in hand54/58€0.008m€0.06m€0.009m€0.08m€0.06m€0.1m€0.1m€0.1m▼ 28.0%
Deferred charges and accrued income490/1---€345€378€394€0.002m€0.002m▲ 37.6%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.2m€0.2m€0.3m€0.7m€0.7m€1.7m€1.6m▼ 1.8%
Equity10/15€0.1m€0.1m€0.1m€0.2m€0.2m€0.3m€0.5m€0.6m▲ 19.9%
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m€0.02m▲ 200%
Capital10----€0.006m€0.006m€0.006m€0.02m▲ 200%
Issued capital100----€0.02m€0.02m€0.02m€0.02m=
Uncalled capital101----€0.01m€0.01m€0.01m--
Reserves13€0.03m€0.05m€0.1m€0.2m€0.2m€0.3m€0.5m€0.6m▲ 17.5%
Non-distributable reserves130/1---€0.001m€0.001m€0.001m€0.001m€0.001m=
Legal reserve130----€0.001m€0.001m€0.001m€0.001m=
Reserves not available under the articles1311---€0.001m-----
Distributable reserves133---€0.2m€0.2m€0.3m€0.5m€0.6m▲ 17.6%
Profit (loss) carried forward14€0.07m€0.07m-------
Amounts payable17/49€0.1m€0.06m€0.06m€0.1m€0.5m€0.3m€1.2m€1.1m▼ 10.7%
Amounts payable after more than one year17--€0.01m€0.002m-€0.001m€0.8m€0.9m▲ 9.8%
Financial debts170/4---€0.002m-€0.001m€0.8m€0.9m▲ 9.8%
Amounts payable within one year42/48€0.1m€0.06m€0.04m€0.1m€0.5m€0.3m€0.3m€0.1m▼ 60.3%
Current portion of amounts payable after more than one year42---€0.07m€0.01m€0.03m€0.09m€0.05m▼ 41.5%
Financial debts43----€0.2m€0.1m€0.1m--
Credit institutions430/8----€0.2m€0.1m€0.1m--
Trade debts44€0.08m€0.04m€0.02m€0.04m€0.2m€0.2m€0.1m€0.06m▼ 39.6%
Suppliers440/4---€0.04m€0.2m€0.2m€0.1m€0.06m▼ 39.6%
Taxes, remuneration and social security45---€0.009m€0.01m€0.02m€0.02m€0.03m▲ 7.4%
Taxes450/3---€0.002m€0.01m€0.02m€0.02m€0.02m▲ 9.2%
Remuneration and social security454/9---€0.007m€0.004m€0.005m€0.007m€0.007m▲ 2.7%
Other amounts payable47/48----€0.03m--€360-
Accrued charges and deferred income492/3---€0.009m--€450€450=
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€0.06m€0.02m€0.02m€0.04m€0.05m€0.09m€0.2m€0.2m▼ 1.9%
+ Depreciation and write-downs630€0.01m€0.01m€0.02m€0.02m€0.02m€0.02m€0.03m€0.07m▲ 120%
Operating cash flow (approximation)€0.07m€0.03m€0.04m€0.05m€0.07m€0.1m€0.2m€0.2m▲ 17.5%
Investment in fixed assets (approximation)--€0.001m-€0.04m-€0.03m-€0.01m-€0.04m-€1.0m-€0.2m▲ 81.9%
Change in cash-€0.05m-€0.05m€0.07m-€0.03m€0.05m€0.04m-€0.04m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 full format 04-09-2026 2026-00504650 NBB
31-03-2025 abbreviated format 09-09-2025 2025-00487026 PDF
31-03-2024 abbreviated format 13-09-2024 2024-00461807 PDF
31-03-2023 abbreviated format 27-09-2023 2023-00456629 PDF
31-03-2022 micro format 26-10-2022 2022-20472764 PDF
31-03-2021 micro format 28-09-2021 2021-70800152 PDF
31-03-2020 micro format 23-10-2020 2020-62800192 PDF
31-03-2019 micro format 28-10-2019 2019-71700468 PDF
31-03-2018 micro format 28-09-2018 2018-66700547 PDF
31-03-2017 micro format 24-10-2017 2017-67700073 PDF

Show all 14 filings

Board & ownership

Directors

Directors
1 director, last change in 2020
DESCHAEPMEESTER Matthieu
Director (not named in the articles) · appointed in the act of 11-12-2023 · listed in the 2022 annual accounts, filed on 26-10-2022
Current
Office holders in the KBO →
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-12-2023

Owners and capital

Capital transactions

Capital over time
  1. 11-12-2023 Converted to unavailable equity

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DESCHAEPMEESTER Matthieu
  • Manager, until 31-12-2019
  • Director (not named in the articles), appointed in the act of 11-12-2023, still in office
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, 1”

Articles of association, deed of 11-12-2023 (in Dutch)

Network & group

MDS-CONSTRUCT shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of MDS-CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2027 accounts: 31-10-2027
2026
04-09
NBB filing Annual accounts filedNBB
financial year 2026 · full format
31-03
Financial Equity above €500,000equity €588,536 ▲19.9%
With a profit in every financial year since 2019, equity grows to €588,536.
2025
09-09
NBB filing Annual accounts filedPDF
financial year 2025 · abbreviated format
31-03
Financial Highest result from 2019 to 2026net €168,989 ▲93.9%
The net result of €168,989 is the highest of those years.
2024
13-09
NBB filing Annual accounts filedPDF
financial year 2024 · abbreviated format
2023
11-12
Gazette deed Resignation: DESCHAEPMEESTER Matthieu (manager)
Appointment: DESCHAEPMEESTER Matthieu (director) · Capital conversion · Purpose change11 points ▸
  • General meeting, 07-12-2023
  • Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Other provision, “verslag wijziging voorwerp, bijzonder verslag bestuursorgaan artikel 5:101 WVV” (deed in Dutch)
  • Purpose change
  • Amendment of the articles
  • Share issue, 186, (...)
  • Other provision, “TITEL III. EFFECTEN, weggelaten als (...)” (deed in Dutch)
  • Director resignation, DESCHAEPMEESTER Matthieu (manager)
  • Director appointment, DESCHAEPMEESTER Matthieu (director (not named in the articles))
  • Registered office clause, “Nevelestraat 60,9880 Aalter(Lotenhulle)” (deed in Dutch)

Open the act in the Belgian Official Gazette

27-09
NBB filing Annual accounts filedPDF
financial year 2023 · abbreviated format
31-03
Financial Equity above €200,000equity €234,912 ▲26.6%
With a profit in every financial year since 2019, equity grows to €234,912.
2022
26-10
NBB filing Annual accounts filedPDF
financial year 2022 · micro format
31-03
Financial Equity above €150,000equity €185,597 ▲26.5%
With a profit in every financial year since 2019, equity grows to €185,597.
2021
28-09
NBB filing Annual accounts filedPDF
financial year 2021 · micro format
2020
23-10
NBB filing Annual accounts filedPDF
financial year 2020 · micro format
Show earlier events
31-03
Financial Weakest financial yearnet €19,090 ▼68.3%
The net result drops to €19,090, the lowest from 2019 to 2026. It recovers the following year.
2019
28-10
NBB filing Annual accounts filedPDF
financial year 2019 · micro format
2018
28-09
NBB filing Annual accounts filedPDF
financial year 2018 · micro format
2017
24-10
NBB filing Annual accounts filedPDF
financial year 2017 · micro format

Show all 14 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 March 2012, MDS-CONSTRUCT was incorporated.1 Total assets went from €201,018 in 2019 to €1.6m in 2026 and headcount from 0.3 full-time equivalents in 2020 to 0.5 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019, 2020 and 2026

Company details

Register details

Identity

KBO record
Name MDS-CONSTRUCT in Dutch
Enterprise number 0844.628.389
Legal form Private limited company
Status Active, normale toestand
Founded 20-03-2012
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-12-2023 (in Dutch)
Name clauseThe company operates under this name according to its articles.
MDS-CONSTRUCT
deed of 11-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bestuursorgaan kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren vestigen in België of…”
deed of 11-12-2023 (in Dutch)

Registered office and establishments

Registered office Nevelestraat 60, 9880 Aalter, Belgium
Establishments 2 establishment units since 2012

Activities

NACEBEL 2025
25110 Manufacture of metal structures and parts of structures main activity
25120 Manufacture of fabricated metal products, except machinery and equipment
25401 Forging of metal
25530 Machining of metals
25999 Manufacture of fabricated metal products, except machinery and equipment
43320 Joinery installation

Invoicing and payment

VAT number BE 0844.628.389
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0844628389
Other Peppol ID 9925:BE0844628389
Registered 12-06-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0844.628.389

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 20:00
deed of 11-12-2023 (in Dutch)

Sites & property

Location
registered office establishment All 2 establishment units on the map
2 companies at this address See who is registered here
2 establishment units
MDS-CONSTRUCT
Nevelestraat 3, 9880 AalterManufacture of metal structures and parts of structures
since 2012unit number 2.208.768.291
MDS-CONSTRUCT
Filliersdreef 65, 9800 DeinzeManufacture of metal structures and parts of structures
since 2025unit number 2.369.313.090

Buildings and parcels at the addresses

Ground area
3,657 m²
Building footprint
943 m²
Building volume
5,454 m³
3 parcels, Flanders · tallest building 10.2 m.
3 parcels
Flanders 3 (100%)
Cadastral parcel Region Area Buildings Height / floors
44006C0086/00A000 Flanders 1,840 m² 1 · 707 m² 7.1 m · 2
44035B1258/00G000 Flanders 1,546 m² 1 · 95 m² 6.8 m · 2
44035C0223/00D000 Flanders 271 m² 1 · 140 m² 10.2 m · 2

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