MDSTech
ActiveThe computed 12-month bankruptcy probability of MDSTech is 1.7% (moderate). The 2025 annual accounts show equity of €34k and a net result of €4k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 1904 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-1
Solvency38▲+1
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.62 in 2024; short-term debt: 19.3% and cash: 3.8% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
12.9%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1904 sector peers (2025).
NBB · sector comparisonPosition among 1904 sector peers
Solvency
better than 17%
← weakest
strongest →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
10 d early
2024
2 d early
2023
12 d early
2022
267 d late
2021
31 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 6.5%
2024 · €32k
2021: €32k
2022: €26k
2023: €27k
2024: €32k
2021 → 2025
Total assets
€264k▼ 3.8%
2024 · €275k
2021: €321k
2022: €276k
2023: €301k
2024: €275k
2021 → 2025
Net result
€4k▼ 44.4%
2024 · €7k
2021: €7k
2022: €-6k
2023: €817
2024: €7k
2021 → 2025
Working capital
€-22k▼ 24.5%
2024 · €-17k
2021: €8k
2022: €-1k
2023: €-12k
2024: €-17k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€26k▼ 19.5%€27k▲ 3.1%€32k▲ 19.3%€34k▲ 6.5%
Operating result€10k-€-2k€6k€11k▲ 92.2%€9k▼ 24.5%
Net result€7k-€-6k€817€7k▲ 749%€4k▼ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets
€235k▼ 4.8%
Current assets
€29k▲ 5.4%
Equity and liabilities €264k
Equity
€34k▲ 6.5%
Debt
€230k▼ 5.1%
The debt ratio falls from 88.4% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▼
2024 · €33k
Cash flow
€26k▼
2024 · €29k
Solvency
12.9%▲
2024 · 11.6%
Current ratio
0.58▼
2024 · 0.62
Quick ratio
0.22▼
2024 · 0.62
Debt / equity
6.78▼
2024 · 7.61
ROE
11.3%▼
2024 · 21.7%
ROA
1.5%▼
2024 · 2.5%
Interest coverage
8.22▲
2024 · 7.61
Debt
€230k▼
2024 · €243k
Debt ≤ 1 year
€51k▲
2024 · €45k
Debt > 1 year
€179k▼
2024 · €198k
Income taxes
€940
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€275k€264k▼
Fixed assets21/28€247k€235k▼
Tangible fixed assets22/27€247k€235k▼
Land and buildings22€217k€206k▼
Plant, machinery and equipment23€694€0▼
Furniture and vehicles24€29k€29k▼
Current assets29/58€28k€29k▲
Stocks and contracts in progress3-€18k
Contracts in progress37-€18k
Amounts receivable within one year40/41€26k€1k▼
Trade receivables40€26k€627▼
Other amounts receivable41-€630
Cash at bank and in hand54/58€2k€10k▲
Deferred charges and accrued income490/1-€233
Equity and liabilities
Total equity and liabilities10/49€275k€264k▼
Equity10/15€32k€34k▲
Contributions10/11€25k€25k=
Reserves13€5k€7k▲
Distributable reserves133€5k€7k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€243k€230k▼
Amounts payable after more than one year17€198k€179k▼
Financial debts170/4€198k€174k▼
Other amounts payable178/9-€5k
Amounts payable within one year42/48€45k€51k▲
Current portion of amounts payable after more than one year42€24k€18k▼
Trade debts44€398€13k▲
Suppliers440/4€398€13k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€18k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€36k€33k▼
Operating profit (loss)9901€11k€9k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€7k€5k▼
Income taxes67/77-€940
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€4k▼
Transfer to equity691/2€5k€2k▼
To other reserves6921€5k€2k▼
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
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 267 days late
2023
31-12
Financial
Back to profitnet €817
Net result €817 after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-6k ▼187%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
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
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, Temse · 1 establishment unit since 2021
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.
Krimperslaan 49140 TemseGround area
9,188 m²
Building footprint
4,064 m²
Volume, LiDAR
28,349 m³
Parcel 46025B1190/00L008, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDSTech
since 20212.312.503.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00L008 | Flanders | 9,188 m² | 1 · 4,064 m² | 8.3 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.
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,277 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-2021
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
33120Repair and maintenance of machinery
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.