MDS VIRK
ActiveSummary
The computed 12-month bankruptcy probability of MDS VIRK is 2.1% (moderate). The 2025 annual accounts show equity of €11k and a net result of €-4k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 18280 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▲+6
Solvency45▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.08 against 1.26 in 2024; short-term debt: 79.7% and cash: 47.4% of total assets), and 79.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 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
20.3%
Return on assets
-6.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 5 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 25.5%
2024 · €15k
2021: €7k
2022: €11k
2023: €20k
2024: €15k
2021 → 2025
Total assets
€57k▲ 33.0%
2024 · €43k
2021: €23k
2022: €56k
2023: €48k
2024: €43k
2021 → 2025
Net result
€-4k▲ 13.6%
2024 · €-5k
2021: €1k
2022: €3k
2023: €9k
2024: €-5k
2021 → 2025
Working capital
€4k▼ 50.3%
2024 · €7k
2021: €4k
2022: €7k
2023: €13k
2024: €7k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€11k▲ 44.0%€20k▲ 86.5%€15k▼ 22.8%€11k▼ 25.5%
Operating result€3k-€8k▲ 146%€18k▲ 112%€-517€106
Net result€1k-€3k▲ 127%€9k▲ 183%€-5k€-4k▲ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €106 after a loss of €517 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€8k ▼ 3.7%
Current assets
€49k ▲ 41.7%
Equity and liabilities €57k
Equity
€11k ▼ 25.5%
Debt
€45k ▲ 66.1%
Debt's share of the balance-sheet total rises from 63.8% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€464▲
2024 · €-229
Cash flow
€-4k▲
2024 · €-4k
Current ratio
1.08▼
2024 · 1.26
Quick ratio
0.60▲
2024 · 0.59
Debt to equity
3.93▲
2024 · 1.76
ROE
-34.2%▼
2024 · -29.5%
ROA
-6.9%▲
2024 · -10.7%
Interest coverage
0.11▲
2024 · -0.06
Debt ≤ 1 year
€45k▲
2024 · €27k
Income taxes
€0▼
2024 · €16
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€57k▲
Fixed assets21/28€8k€8k▼
Tangible fixed assets22/27€5k€4k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€1k€1k▼
Financial fixed assets28€4k€4k▲
Current assets29/58€34k€49k▲
Stocks and contracts in progress3€18k€22k▲
Stocks30/36€18k€22k▲
Amounts receivable within one year40/41€911€97▼
Trade receivables40€911€97▼
Cash at bank and in hand54/58€15k€27k▲
Equity and liabilities
Total equity and liabilities10/49€43k€57k▲
Equity10/15€15k€11k▼
Contributions10/11€6k€6k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€0€-4k▼
Amounts payable17/49€27k€45k▲
Amounts payable within one year42/48€27k€45k▲
Trade debts44€1k€14k▲
Suppliers440/4€1k€14k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€2k€1k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€22k€28k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288€358▲
Other operating charges640/8€618€1k▲
Gross operating margin9900€389€2k▲
Operating profit (loss)9901€-517€106▲
Financial income75/76B€7€1▼
Recurring financial income75€7€1▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€-5k€-4k▲
Income taxes67/77€16€0▼
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€164€-4k▼
Profit (loss) brought forward from the previous period14P€5k€0▼
Transfer to equity691/2€164€0▼
To other reserves6921€164€0▼
The notes to these accounts (10 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-5k ▼149%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2021net €9k ▲183%
Operating result €18k, net result €9k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 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, Stekene · 1 establishment unit since 2020
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.
Hoekstraat(KEM) 49190 StekeneGround area
200 m²
Building footprint
137 m²
Volume, LiDAR
806 m³
Parcel 46011A0658/00M000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDS VIRK
since 20202.306.410.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46011A0658/00M000 | Flanders | 200 m² | 1 · 137 m² | 10.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteStekene2.306.410.570
Similar companies · same sector, comparable size
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BE 0780.354.706
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A.H.B
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 3,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47610Retail trade
47621Retail sale of newspapers and periodicals
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.