MDSGest
ActiveSummary
MDSGest has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €91k. Equity is growing by ~81.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.99 against 1.8 in 2024; short-term debt: 20.5% and cash: 82% of total assets), and 20.5% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.5%
Return on assets
37.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
7 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▲ 89.5%
2024 · €102k
Total assets
€244k▲ 60.4%
2024 · €152k
Net result
€91k▲ 20.8%
2024 · €76k
Working capital
€150k▲ 276%
2024 · €40k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€35k-€107k▲ 204%€126k▲ 17.8%
Net result€24k-€76k▲ 210%€91k▲ 20.8%
Equity€26k-€102k▲ 286%€194k▲ 89.5%
Total assets€148k-€152k▲ 2.9%€244k▲ 60.4%
Debt€121k-€50k▼ 59.0%€50k▲ 0.6%
Working capital€-34k-€40k€150k▲ 276%
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; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€44k ▼ 29.7%
Current assets
€200k ▲ 123%
Equity and liabilities €244k
Equity
€194k ▲ 89.5%
Debt
€50k ▲ 0.6%
Debt's share of the balance-sheet total falls from 32.7% to 20.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€144k▲
2024 · €124k
Cash flow
€110k▲
2024 · €93k
Current ratio
3.99▲
2024 · 1.80
Debt to equity
0.26▼
2024 · 0.49
ROE
47.2%▼
2024 · 74.1%
ROA
37.5%▼
2024 · 49.9%
Interest coverage
2907.10▲
2024 · 2452.67
Debt ≤ 1 year
€50k▲
2024 · €50k
Income taxes
€34k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €17k | €19k | ▲ 8.2% |
| Other operating charges640/8 | €3k | €833 | €600 | ▼ 27.9% |
| Gross operating margin9900 | €51k | €125k | €145k | ▲ 16.2% |
| Operating profit (loss)9901 | €35k | €107k | €126k | ▲ 17.8% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €42 | €50 | €50 | ▼ 1.7% |
| Recurring financial charges65 | €42 | €50 | €50 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | €35k | €107k | €126k | ▲ 17.8% |
| Income taxes67/77 | €11k | €31k | €34k | ▲ 10.5% |
| Profit (loss) for the period9904 | €24k | €76k | €91k | ▲ 20.8% |
| Profit (loss) for the period to be appropriated9905 | €24k | €76k | €91k | ▲ 20.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €148k | €152k | €244k | ▲ 60.4% |
| Fixed assets21/28 | €61k | €62k | €44k | ▼ 29.7% |
| Tangible fixed assets22/27 | €61k | €62k | €44k | ▼ 29.7% |
| Furniture and vehicles24 | €61k | €62k | €44k | ▼ 29.7% |
| Current assets29/58 | €87k | €90k | €200k | ▲ 123% |
| Amounts receivable within one year40/41 | €19k | €18k | €0 | ▼ 100% |
| Trade receivables40 | €19k | €18k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €67k | €72k | €200k | ▲ 178% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €148k | €152k | €244k | ▲ 60.4% |
| Equity10/15 | €26k | €102k | €194k | ▲ 89.5% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €24k | €100k | €161k | ▲ 60.9% |
| Distributable reserves133 | €24k | €100k | €161k | ▲ 60.9% |
| Profit (loss) carried forward14 | - | - | €30k | - |
| Amounts payable17/49 | €121k | €50k | €50k | ▲ 0.6% |
| Amounts payable within one year42/48 | €121k | €50k | €50k | ▲ 0.6% |
| Trade debts44 | €380 | €205 | €255 | ▲ 24.2% |
| Suppliers440/4 | €380 | €205 | €255 | ▲ 24.2% |
| Taxes, remuneration and social security45 | €25k | €46k | €50k | ▲ 7.2% |
| Taxes450/3 | €25k | €46k | €50k | ▲ 7.2% |
| Other amounts payable47/48 | €95k | €3k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €116 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €76k | €91k | ▲ 20.8% |
| + Depreciation and write-downs630 | €13k | €17k | €19k | ▲ 8.2% |
| Operating cash flow (approximation) | €38k | €93k | €110k | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | €-19k | €0 | ▲ 100% |
| Change in cash | - | €4k | €128k | ▲ 2,849% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €91k ▲20.8%
Operating result €126k, net result €91k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.99
Current ratio from 1.80 to 3.99.
31-12
Financial
Equity above €150kEq €194k ▲89.5%
3 profitable years in a row build equity to €194k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 1.80
Current ratio from 0.72 to 1.80; short-term debt falls from €121k to €50k.
31-12
Financial
Equity above €100kEq €102k ▲286%
2 profitable years in a row build equity to €102k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Jalhay · 1 establishment unit since 2023
Ground area
3,466 m²
Building footprint
160 m²
Volume, LiDAR
881 m³
Parcel 63038A0016/00H005, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MDSGest
since 20232.342.574.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63038A0016/00H005 | Wallonia | 3,466 m² | 1 · 160 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 30,002 companies in sector 62200 we hold annual accounts for 18,390. 14,819 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.