MDS DIRECT
ActiveThe annual accounts of MDS DIRECT for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €16k and a net result of €-41k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 10345 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-49
Solvency33▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 1.01 in 2024; short-term debt: 91.7% and cash: 0.5% of total assets), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
8.3%
Return on assets
-20.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10345 sector peers (2025).
NBB · sector comparisonPosition among 10345 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
3 d early
2023
28 d late
2022
25 d early
2021
12 d early
2020
19 d early
2019
2 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€16k▼ 71.1%
2024 · €57k
2018: €46k
2019: €47k
2020: €48k
2021: €50k
2022: €55k
2023: €55k
2024: €57k
2018 → 2025
Total assets
€198k▼ 56.1%
2024 · €452k
2018: €588k
2019: €570k
2020: €547k
2021: €515k
2022: €498k
2023: €481k
2024: €452k
2018 → 2025
Net result
€-41k
2024 · €2k
2018: €2k
2019: €861
2020: €338
2021: €3k
2022: €4k
2023: €695
2024: €2k
2018 → 2025
Working capital
€-20k
2024 · €6k
2018: €-59k
2019: €-73k
2020: €-53k
2021: €-35k
2022: €-27k
2023: €-12k
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€55k▲ 8.2%€55k▲ 1.3%€57k▲ 3.2%€16k▼ 71.1%
Operating result€8k-€8k▲ 3.2%€7k▼ 12.8%€9k▲ 20.7%€-35k
Net result€3k-€4k▲ 43.4%€695▼ 83.1%€2k▲ 152%€-41k
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 €35k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€36k▼ 29.8%
Current assets
€162k▼ 59.5%
Equity and liabilities €198k
Equity
€16k▼ 71.1%
Debt
€182k▼ 53.9%
The debt ratio rises from 87.4% to 91.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2024 · €24k
Cash flow
€-25k▼
2024 · €17k
Solvency
8.3%▼
2024 · 12.6%
Current ratio
0.89▼
2024 · 1.01
Quick ratio
0.12▼
2024 · 0.14
Debt / equity
11.06▲
2024 · 6.93
ROE
-246.3%▼
2024 · 3.1%
ROA
-20.4%▼
2024 · 0.4%
Interest coverage
-4.03▼
2024 · 3.57
Debt
€182k▼
2024 · €395k
Debt ≤ 1 year
€182k▼
2024 · €395k
Income taxes
€838▲
2024 · €175
Staff costs
€52k▼
2024 · €78k
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€452k€198k▼
Fixed assets21/28€51k€36k▼
Tangible fixed assets22/27€51k€35k▼
Plant, machinery and equipment23€13k€4k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€32k€27k▼
Financial fixed assets28€555€555=
Current assets29/58€401k€162k▼
Stocks and contracts in progress3€344k€140k▼
Stocks30/36€344k€140k▼
Amounts receivable within one year40/41€13k€21k▲
Trade receivables40€13k€21k▲
Other amounts receivable41-€53
Cash at bank and in hand54/58€43k€1k▼
Equity and liabilities
Total equity and liabilities10/49€452k€198k▼
Equity10/15€57k€16k▼
Contributions10/11€19k€19k=
Reserves13€38k€38k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14-€-41k
Amounts payable17/49€395k€182k▼
Amounts payable within one year42/48€395k€182k▼
Current portion of amounts payable after more than one year42€60k€0▼
Financial debts43€0€32k▲
Credit institutions430/8€0€32k▲
Trade debts44€311k€9k▼
Suppliers440/4€311k€9k▼
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€3k€0▼
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€15k€138k▲
Income statement
Code20242025
Non-recurring operating income76A-€124k
Remuneration, social security and pensions62€78k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€106k€37k▼
Operating profit (loss)9901€9k€-35k▼
Financial income75/76B€23€260▲
Recurring financial income75€23€260▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€2k€-40k▼
Income taxes67/77€175€838▲
Profit (loss) for the period9904€2k€-41k▼
Profit (loss) for the period to be appropriated9905€2k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-41k▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Social balance
Average headcount (FTE)90871.40.8▼
The notes to these accounts (14 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-41k ▼2412%
Net result drops to €-41k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €4k ▲43.4%
Net result €4k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Rumst · 1 establishment unit since 1998
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.
Eikenstraat 152840 RumstGround area
7,141 m²
Building footprint
3,065 m²
Volume, LiDAR
17,792 m³
Parcel 11036D0051/00F005, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDS DIRECT
since 19982.085.071.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036D0051/00F005 | Flanders | 7,140 m² | 1 · 3,065 m² | 13.1 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.
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Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 602 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1997
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
52498
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:038888213