MDS Creations
ActiveMDS Creations has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-11k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 11206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+1
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 2.49 in 2024), and 18.2% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.8%
Return on assets
-15.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
17 d early
2024
90 d early
2023
71 d early
2022
50 d early
2021
47 d early
2020
54 d early
2019
52 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€168k▲ 153%
2022 · €66k
2019: €5k
2020: €4k
2021: €18k
2022: €66k
2019 → 2023
EBIT margin
30.1%▼ 2.8pp
2022 · 32.9%
2019: -7.8%
2020: -17.7%
2021: 26.6%
2022: 32.9%
2019 → 2023
Net result
€-11k
2024 · €22k
2019: €-383
2020: €-713
2021: €4k
2022: €16k
2023: €34k
2024: €22k
2019 → 2025
Working capital
€53k▼ 13.0%
2024 · €61k
2019: €8k
2020: €8k
2021: €10k
2022: €25k
2023: €40k
2024: €61k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18k-€66k▲ 266%€168k▲ 153%
Equity€13k-€29k▲ 123%€45k▲ 57.2%€67k▲ 49.5%€56k▼ 15.9%
Operating result€5k-€22k▲ 352%€50k▲ 131%€32k▼ 36.3%€-6k
Net result€4k-€16k▲ 307%€34k▲ 118%€22k▼ 35.2%€-11k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €32k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€4k▼ 43.2%
Current assets
€65k▼ 35.6%
Equity and liabilities €69k
Equity
€56k▼ 15.9%
Debt
€13k▼ 69.2%
The debt ratio falls from 37.8% to 18.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-3k▼
2024 · €35k
Cash flow
€-8k▼
2024 · €25k
Solvency
81.8%▲
2024 · 62.2%
Current ratio
5.21▲
2024 · 2.49
Quick ratio
5.21▲
2024 · 2.49
Debt / equity
0.22▼
2024 · 0.61
ROE
-18.9%▼
2024 · 33.1%
ROA
-15.4%▼
2024 · 20.6%
Interest coverage
-0.80▼
2024 · 37.68
Debt
€13k▼
2024 · €41k
Debt ≤ 1 year
€13k▼
2024 · €41k
Staff costs
€3k▲
2024 · €1k
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€108k€69k▼
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€250€152▼
Current assets29/58€101k€65k▼
Amounts receivable within one year40/41€24k€24k▲
Trade receivables40€9k€9k▲
Other amounts receivable41€15k€15k▲
Cash at bank and in hand54/58€74k€39k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€108k€69k▼
Equity10/15€67k€56k▼
Contributions10/11€10k€10k=
Reserves13€57k€57k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14-€-11k
Amounts payable17/49€41k€13k▼
Amounts payable within one year42/48€41k€13k▼
Trade debts44€27k€1k▼
Suppliers440/4€27k€1k▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Other amounts payable47/48€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€1k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€431€399▼
Gross operating margin9900€37k€188▼
Operating profit (loss)9901€32k€-6k▼
Financial income75/76B€82€27▼
Recurring financial income75€82€27▼
Financial charges65/66B€940€4k▲
Recurring financial charges65€940€4k▲
Profit (loss) for the period before taxes9903€31k€-11k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€22k€-11k▼
Profit (loss) for the period to be appropriated9905€22k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-11k▼
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (5 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-11k ▼148%
Net result drops to €-11k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.21
Current ratio from 2.49 to 5.21; short-term debt falls from €41k to €13k.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €34k ▲118%
Operating result €50k, net result €34k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Asse · 1 establishment unit since 2018
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.
Rozenlaan 11730 AsseGround area
510 m²
Building footprint
98 m²
Volume, LiDAR
554 m³
Parcel 23053A0167/00H002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDS Creations
since 20182.281.641.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053A0167/00H002 | Flanders | 510 m² | 1 · 98 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
INFINITO
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WILLEMS KERAMIEK
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VERF & CO
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BE 0656.700.292
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Izegem · Eq €52k
Of 230 companies in sector 46833 we hold annual accounts for 143. 83 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2018
Fiscal year end31-12
Activities, NACEBEL
46833Wholesale trade
46110Wholesale trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46190Agents in non-specialised wholesale trade
46411Wholesale trade
46419Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:marc@mds-creations.be