MDS TECHNIC
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MDS TECHNIC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €77,696. Equity has been growing by about 4.1% per year since 2018. Its solvency ranks better than 95% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 07-09-1990 Normal situation
- Activity
- Other construction installation NACE 43240and 2 others
- Establishment unit
- 2.049.793.904 9860 Oosterzele, since 15-10-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 15-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €216,892
- ▼ 26.4%
- Turnover
- ≈ €670,000
- estimated
- Profit
- €77,696
- ▼ 44.0%
- Equity
- €1.3m
- ▲ 0.9%
- Total assets
- €1.3m
- ▲ 1.3%
- Staff
- 1.4 FTE
- =
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 33.10, cash €486,122Equity €1.3m (97.1% of total assets)Founded in 1990Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 93% on liquidity, 51% on profitability and 38% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 74 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 PDF all 35 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 48% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as MDS TECHNIC: other construction installation (NACE 43240). They are comparable in size and age: total assets between €982,000 and €1.7m, founded between 1991 and 1997.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MDS TECHNIC Oosterzele | 1990 | €1.3m | €1.3m | €0.2m | €0.08m | - | 2025 |
| LECOQ S.A. Waimes | 1992 | €1.4m | €0.2m | €0.2m | €0.006m | 3.5 | 2025 |
| VERMANDEL-DIAS Sint-Gillis-Waas | 1997 | €1.4m | €0.07m | €0.3m | -€0.006m | - | 2025 |
| REPROSOL Destelbergen | 1994 | €1.2m | €0.4m | €0.3m | -€0.008m | - | 2025 |
| Gent on the road Gent | 1996 | €1.7m | €1.0m | €0.3m | €0.2m | - | 2025 |
| WEST - POOL Lendelede | 1993 | €1.4m | €0.8m | €0.1m | -€0.09m | 2.2 | 2025 |
| ELECTROGEL Gembloux | 1991 | €1.0m | €0.4m | €0.2m | €0.09m | - | 2025 |
They were chosen from the 1,563 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as MDS TECHNIC has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MDS TECHNIC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for MDS TECHNIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €55,850 | €60,443 | €72,083 | €72,047 | €75,859 | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,174 | €32,288 | €25,320 | €19,301 | €15,241 | €25,909 | €28,987 | €37,817 | ▲ 30.5% |
| Other operating charges640/8 | - | - | - | €2,902 | €4,776 | €3,198 | €3,164 | €3,375 | ▲ 6.7% |
| Gross operating margin9900 | €378,013 | €144,226 | €154,182 | €216,437 | €118,073 | €251,004 | €294,585 | €216,892 | ▼ 26.4% |
| Operating profit (loss)9901 | €306,652 | €56,754 | €73,029 | €138,385 | €37,612 | €149,814 | €190,386 | €99,842 | ▼ 47.6% |
| Financial income75/76B | - | - | - | €3,833 | €5,023 | €6,931 | €10,825 | €13,519 | ▲ 24.9% |
| Recurring financial income75 | €75,510 | €2,885 | €3,194 | €3,833 | €5,023 | €6,931 | €10,825 | €13,519 | ▲ 24.9% |
| Financial charges65/66B | - | - | - | €707 | €598 | €564 | €543 | €497 | ▼ 8.4% |
| Recurring financial charges65 | €407 | €2,896 | €742 | €707 | €598 | €564 | €543 | €497 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €381,754 | €56,743 | €75,481 | €141,511 | €42,037 | €156,181 | €200,668 | €112,863 | ▼ 43.8% |
| Income taxes67/77 | €114,341 | €15,775 | €24,350 | €42,202 | €13,202 | €48,114 | €61,823 | €35,168 | ▼ 43.1% |
| Profit (loss) for the period9904 | €267,414 | €40,968 | €51,131 | €99,309 | €28,835 | €108,067 | €138,846 | €77,696 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €267,414 | €40,968 | €60,503 | €99,309 | €28,835 | €108,067 | €138,846 | €77,696 | ▼ 44.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.1m | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 1.3% |
| Fixed assets21/28 | €0.07m | €0.08m | €0.05m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 22.7% |
| Tangible fixed assets22/27 | €0.07m | €0.08m | €0.05m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 22.7% |
| Land and buildings22 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 2.0% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.1m | €0.09m | €0.1m | €0.09m | ▼ 26.6% |
| Current assets29/58 | €1.0m | €1.0m | €1.1m | €1.2m | €1.0m | €1.1m | €1.2m | €1.2m | ▲ 4.3% |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 34.5% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.9% |
| Contracts in progress37 | - | - | - | - | €0.003m | €0.006m | - | €0.006m | - |
| Amounts receivable within one year40/41 | €0.1m | €0.08m | €0.07m | €0.08m | €0.09m | €0.1m | €0.07m | €0.07m | ▲ 0.5% |
| Trade receivables40 | - | - | - | €0.08m | €0.09m | €0.1m | €0.06m | €0.07m | ▲ 5.8% |
| Other amounts receivable41 | - | - | - | €62 | €62 | €62 | €0.003m | - | - |
| Current investments50/53 | €0.1m | €0.2m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 0.8% |
| Cash at bank and in hand54/58 | €0.7m | €0.6m | €0.6m | €0.6m | €0.4m | €0.5m | €0.5m | €0.5m | ▲ 6.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.03m | €0.004m | €0.009m | €0.02m | ▲ 95.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 1.3% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.2m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 0.9% |
| Contributions10/11 | €0.009m | €0.009m | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Reserves13 | €1.0m | €1.0m | €1.1m | €1.2m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.2m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 0.9% |
| Amounts payable17/49 | €0.05m | €0.02m | €0.03m | €0.04m | €0.05m | €0.05m | €0.03m | €0.04m | ▲ 17.2% |
| Amounts payable within one year42/48 | €0.05m | €0.02m | €0.03m | €0.04m | €0.05m | €0.04m | €0.03m | €0.04m | ▲ 18.5% |
| Trade debts44 | €0.02m | €0.002m | €0.001m | €0.003m | €0.008m | €0.02m | €0.002m | €0.004m | ▲ 82.5% |
| Suppliers440/4 | - | - | - | €0.003m | €0.008m | €0.02m | €0.002m | €0.004m | ▲ 82.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 11.7% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 11.9% |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.006m | €0.002m | €0.002m | €0.005m | ▲ 225% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 0.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €267,414 | €40,968 | €51,131 | €99,309 | €28,835 | €108,067 | €138,846 | €77,696 | ▼ 44.0% |
| + Depreciation and write-downs630 | €17,174 | €32,288 | €25,320 | €19,301 | €15,241 | €25,909 | €28,987 | €37,817 | ▲ 30.5% |
| Operating cash flow (approximation) | €284,588 | €73,256 | €76,451 | €118,610 | €44,076 | €133,976 | €167,833 | €115,512 | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | -€40,000 | €0 | -€6,887 | -€117,451 | €0 | -€58,996 | -€4,911 | ▲ 91.7% |
| Change in cash | - | -€68,227 | -€66,792 | -€4,745 | -€197,292 | €116,527 | -€36,095 | €30,394 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-04-2026 | 2026-00093984 | |
| 31-12-2024 | micro format | 27-05-2025 | 2025-00107484 | |
| 31-12-2023 | micro format | 29-04-2024 | 2024-00071727 | |
| 31-12-2022 | micro format | 28-04-2023 | 2023-00069710 | |
| 31-12-2021 | micro format | 11-05-2022 | 2022-20024513 | |
| 31-12-2020 | micro format | 20-05-2021 | 2021-14800186 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-30200123 | |
| 31-12-2018 | micro format | 06-05-2019 | 2019-12400480 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14400093 | |
| 31-12-2016 | micro format | 24-05-2017 | 2017-13200551 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 16-06-2022 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE SMAELE Marnik |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen WVV”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment”
Articles of association, deed of 16-06-2022 (in Dutch)
Network & group
MDS TECHNIC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MDS TECHNIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-06
Gazette deed
Resignation: DE SMAELE Marnik (manager)Appointment: DE SMAELE Marnik (director) · Director discharge · Registered office clause11 points ▸
- Director resignation, DE SMAELE Marnik (manager)
- Director appointment, DE SMAELE Marnik (director (not named in the articles))
- Director discharge, DE SMAELE Marnik
- Registered office clause, “9860 Oosterzele, Geraardsbergse steenweg 219” (deed in Dutch)
- Other provision, “alle besluiten, stemming” (deed in Dutch)
- General meeting, 13-06-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “artikel 39,§2,tweede lid van de wet van 23-03-2019, eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Other provision, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20254 activities
- Uitvoeren van alle elektriciteitswerken,plaatsen van industriële installaties,kopen en verkopen van desbetreffende materialen.
- Kleinhandel en herstelling van fietsen en algemeen atelier voor fietsmechaniek.
- De vennootschap mag alle industriële,commerciële en financiële,roerende en onroerende verrichtingen doen die kunnen bijdragen tot de verwezenlijking of het vergemakkelijken van het voorwerp.
- Zij mag rechtstreeks of onrechtstreeks deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in nauw verband met het hare staat.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0441.381.474
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44007A0370/00L000 | Flanders | 740 m² | 1 · 217 m² | 9.6 m · 1 |