Financials
- Fiscal year
- 2024
- Total assets
- €25,465
- Loss
- -€35,472
- Solvency
- -127.5%
MDS CORP
ActiveSummary
The computed 12-month bankruptcy probability of MDS CORP is 2.5% (moderate). The 2024 annual accounts show negative equity (-€32,472) and a net result of -€35,472. Its solvency ranks better than 5% of 1206 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Other business support services
NACE 82990
1 site
Size
€25,465total assets 2024
- Equity
- -€32,472
- Loss
- -€35,472
Structure
- Holdings
- 1
Accounts filed 60 d late0 of 1 deed read
Why 50- Figures for FY 2024 (filed 30-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 1 of the last 3 late- Founded in 2023+ Sector Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 8% of its sector peers (NACE 82, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency
0
equity -127.5% of total assets
Liquidity
24
short-term debt 226.8% · cash 19.1%
Profitability
0
return on assets -139.3%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%lowest value
12-2024: 0.6%▲ +3.0% vs 11-2024
01-2025: 0.6%▲ +0.2% vs 12-2024
02-2025: 0.7%▲ +9.0% vs 01-2025
03-2025: 0.7%▲ +0.4% vs 02-2025
04-2025: 0.8%▲ +11.3% vs 03-2025
05-2025: 0.9%▲ +11.2% vs 04-2025
06-2025: 0.9%▲ +2.9% vs 05-2025
07-2025: 0.9%▼ -3.8% vs 06-2025
08-2025: 0.9%▲ +0.2% vs 07-2025
09-2025: 0.9%▲ +8.9% vs 08-2025
10-2025: 1.2%▲ +26.6% vs 09-2025
11-2025: 1.2%▲ +1.3% vs 10-2025
12-2025: 1.2%● 0.0% vs 11-2025
01-2026: 1.2%▼ -1.0% vs 12-2025
02-2026: 1.2%● 0.0% vs 01-2026
03-2026: 1.2%▼ -1.5% vs 02-2026
04-2026: 1.2%● 0.0% vs 03-2026
05-2026: 1.2%● 0.0% vs 04-2026
06-2026: 1.2%▼ -1.9% vs 05-2026
07-2026: 1.2%▲ +1.6% vs 06-2026
08-2026: 1.5%▲ +31.0% vs 07-2026
09-2026: 1.7%▲ +8.3% vs 08-2026
10-2026: 2.5%▲ +48.9% vs 09-2026highest value
- Sector Office administrative, office support and other business support activities (NACE 82) lowers the probability
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 1 of the last 3 late raises the probability
- Founded in 2023 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.38; short-term debt: 226.8% and cash: 19.1% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 82, micro). Better than this share of them on solvency 5%, liquidity 13%, profitability 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2024
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 60 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 1
- Since
- 2025
- 29-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other business support servicesNACE 82990
- Founded
- 11-10-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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