MDS-Line
ActiveThe computed 12-month bankruptcy probability of MDS-Line is 3.3% (moderate). The 2024 annual accounts show equity of €103k and a net result of €43k. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 6717 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+4
Solvency70▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.33 in 2023; short-term debt: 31.9% and cash: 45.9% of total assets), but 55.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
41 d early
2022
43 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€103k▲ 67.7%
2023 · €62k
2022: €26k
2023: €62k
2022 → 2024
Total assets
€232k▲ 14.5%
2023 · €202k
2022: €199k
2023: €202k
2022 → 2024
Net result
€43k▲ 33.5%
2023 · €32k
2022: €25k
2023: €32k
2022 → 2024
Working capital
€61k▲ 199%
2023 · €20k
2022: €-5k
2023: €20k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€26k-€62k▲ 134%€103k▲ 67.7%
Operating result€26k-€45k▲ 73.3%€58k▲ 27.2%
Net result€25k-€32k▲ 28.5%€43k▲ 33.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232k
Fixed assets
€97k▼ 19.0%
Current assets
€135k▲ 63.0%
Equity and liabilities €232k
Equity
€103k▲ 67.7%
Debt
€128k▼ 8.8%
The debt ratio falls from 69.5% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90k▲
2023 · €76k
Cash flow
€75k▲
2023 · €63k
Solvency
44.6%▲
2023 · 30.5%
Current ratio
1.82▲
2023 · 1.33
Quick ratio
1.82▲
2023 · 1.33
Debt / equity
1.24▼
2023 · 2.28
ROE
41.2%▼
2023 · 51.8%
ROA
18.4%▲
2023 · 15.8%
Interest coverage
17.84▲
2023 · 12.69
Debt
€128k▼
2023 · €141k
Debt ≤ 1 year
€74k▲
2023 · €62k
Debt > 1 year
€54k▼
2023 · €78k
Income taxes
€11k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€202k€232k▲
Fixed assets21/28€120k€97k▼
Tangible fixed assets22/27€119k€96k▼
Plant, machinery and equipment23€2k€8k▲
Furniture and vehicles24-€2k
Leasing and similar rights25€117k€86k▼
Financial fixed assets28€750€750=
Current assets29/58€83k€135k▲
Amounts receivable within one year40/41€24k€26k▲
Trade receivables40€24k€25k▲
Other amounts receivable41€24€1k▲
Cash at bank and in hand54/58€56k€106k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€202k€232k▲
Equity10/15€62k€103k▲
Contributions10/11€2k€2k=
Reserves13€57k€100k▲
Distributable reserves133€57k€100k▲
Investment grants15€3k€2k▼
Amounts payable17/49€141k€128k▼
Amounts payable after more than one year17€78k€54k▼
Financial debts170/4€68k€44k▼
Other amounts payable178/9€10k€10k=
Amounts payable within one year42/48€62k€74k▲
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€18k€20k▲
Suppliers440/4€18k€20k▲
Taxes, remuneration and social security45€20k€25k▲
Taxes450/3€19k€25k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€2k€5k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€19k€17k▼
Gross operating margin9900€95k€107k▲
Operating profit (loss)9901€45k€58k▲
Financial income75/76B€1k€909▼
Recurring financial income75€1k€909▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€41k€54k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€32k€43k▲
Profit (loss) for the period to be appropriated9905€32k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€43k▲
Transfer to equity691/2€32k€43k▲
To other reserves6921€32k€43k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-05-27
- Registered-office move, Posterijlaan 4, 8740 Pittem
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €43k ▲33.5%
Operating result €58k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲67.7%
3 profitable years in a row build equity to €103k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pittem · 1 establishment unit since 2022
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.
Posterijlaan 48740 PittemGround area
1,960 m²
Building footprint
287 m²
Volume, LiDAR
1,540 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDS-Line
since 20222.329.761.935
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011D0134/00D000 | Flanders | 1,047 m² | 1 · 134 m² | 6.7 m · 2 fl. |
| 31523G1263/00S000 | Flanders | 913 m² | 1 · 152 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 4,908 EUR awarded · 4,908 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 123 EUR | 123 EUR |
| 2024 | 1 | 237 EUR | 237 EUR |
| 2023 | 2 | 4,548 EUR | 4,548 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.