MDS Renovation
ActiveFor MDS Renovation, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €23k and a net result of €214. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 43% of 2301 sector peers (fiscal year 2023). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability64▼-6
Solvency63▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
38.2%
Return on assets
0.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline20-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-06-2024, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
42 d early
2022
on the day
2021
2 d early
2020
1 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€23k▲ 1.0%
2022 · €23k
2018: €42k
2019: €47k
2020: €49k
2021: €22k
2022: €23k
2018 → 2023
Total assets
€59k▲ 38.8%
2022 · €43k
2018: €69k
2019: €112k
2020: €103k
2021: €29k
2022: €43k
2018 → 2023
Net result
€214▼ 62.1%
2022 · €566
2018: €5k
2019: €5k
2020: €2k
2021: €2k
2022: €566
2018 → 2023
Working capital
€5k▼ 71.2%
2022 · €16k
2018: €42k
2019: €50k
2020: €50k
2021: €21k
2022: €16k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€47k-€49k▲ 4.7%€22k▼ 55.5%€23k▲ 2.6%€23k▲ 1.0%
Operating result€11k-€4k▼ 60.4%€4k▼ 5.6%€2k▼ 62.3%€2k▲ 26.1%
Net result€5k-€2k▼ 57.1%€2k▼ 20.7%€566▼ 68.1%€214▼ 62.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 26% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €59k
Fixed assets
€28k▲ 327%
Current assets
€32k▼ 12.8%
Equity and liabilities €59k
Equity
€23k▲ 1.0%
Debt
€37k▲ 80.7%
The debt ratio rises from 47.4% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2022 · €3k
Cash flow
€6k▲
2022 · €2k
Solvency
38.2%▼
2022 · 52.6%
Current ratio
1.17▼
2022 · 1.79
Quick ratio
0.68▼
2022 · 1.44
Debt / equity
1.61▲
2022 · 0.90
ROE
0.9%▼
2022 · 2.5%
ROA
0.4%▼
2022 · 1.3%
Interest coverage
5.39▼
2022 · 53.07
Debt
€37k▲
2022 · €20k
Debt ≤ 1 year
€27k▲
2022 · €20k
Debt > 1 year
€10k
Income taxes
€992▲
2022 · €909
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€43k€59k▲
Fixed assets21/28€7k€28k▲
Tangible fixed assets22/27€7k€28k▲
Plant, machinery and equipment23€7k€9k▲
Furniture and vehicles24-€18k
Current assets29/58€36k€32k▼
Stocks and contracts in progress3€7k€13k▲
Stocks30/36€3k€3k=
Contracts in progress37€4k€10k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€14k▲
Other amounts receivable41€0€776▲
Cash at bank and in hand54/58€21k€2k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€43k€59k▲
Equity10/15€23k€23k▲
Contributions10/11€12k€12k=
Reserves13€10k€10k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€566€780▲
Amounts payable17/49€20k€37k▲
Amounts payable after more than one year17-€10k
Financial debts170/4-€10k
Amounts payable within one year42/48€20k€27k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€8k€15k▲
Suppliers440/4€8k€15k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€6k€5k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20222023
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Other operating charges640/8€508€780▲
Gross operating margin9900€3k€8k▲
Operating profit (loss)9901€2k€2k▲
Financial income75/76B€0€699▲
Recurring financial income75€0€699▲
Financial charges65/66B€48€1k▲
Recurring financial charges65€48€1k▲
Profit (loss) for the period before taxes9903€1k€1k▼
Income taxes67/77€909€992▲
Profit (loss) for the period9904€566€214▼
Profit (loss) for the period to be appropriated9905€566€214▼
Appropriation of the result
Profit (loss) to be appropriated9906€566€780▲
Profit (loss) brought forward from the previous period14P€0€566▲
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €214 ▼62.1%
Net result drops to €214, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.55
Current ratio from 1.96 to 4.55; short-term debt falls from €52k to €6k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5k ▲15%
Operating result €11k, net result €5k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 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, Antwerpen · 1 establishment unit since 2005
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.
Sterlingerstraat 212140 AntwerpenGround area
270 m²
Building footprint
209 m²
Parcel 11006A0315/00T013, Flanders. Linked by address, not a title deed.
1 establishment unit
De Hoon
since 20052.150.718.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0315/00T013 | Flanders | 270 m² | 1 · 209 m² | - |
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
DWCS
BE 0770.759.327
Hooglede · Eq €23k
NEST INDUSTRIES
BE 0699.511.540
Frameries · Eq €23k
Immertse las, loon- en landbouwwerken
BE 0745.889.220
Leopoldsburg · Eq €23k
Bram Schots Laswerken
BE 0756.539.325
Leopoldsburg · Eq €22k
VAN DEN EEDE KRISTOF
BE 0830.941.392
Lier · Eq €22k
Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2005
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
74151
25401Forging of metal
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
42219Civil engineering
43120Site preparation
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.