MDW
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00030610.
Annual accounts 2025 filed on 03-02-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is over 4.5 times that of 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €453 | - |
| Gross operating margin9900 | €9,374 | €43,089 | ▲ 360% |
| Operating profit (loss)9901 | €9,374 | €42,636 | ▲ 355% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €31 | €153 | ▲ 400% |
| Recurring financial charges65 | €31 | €153 | ▲ 400% |
| Profit (loss) for the period before taxes9903 | €9,343 | €42,482 | ▲ 355% |
| Income taxes67/77 | €2,548 | €11,606 | ▲ 355% |
| Profit (loss) for the period9904 | €6,795 | €30,876 | ▲ 354% |
| Profit (loss) for the period to be appropriated9905 | €6,795 | €30,876 | ▲ 354% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15,895 | €56,841 | ▲ 258% |
| Current assets29/58 | €15,895 | €56,841 | ▲ 258% |
| Cash at bank and in hand54/58 | €15,895 | €56,841 | ▲ 258% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15,895 | €56,841 | ▲ 258% |
| Equity10/15 | €9,795 | €40,672 | ▲ 315% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €6,795 | €37,672 | ▲ 454% |
| Distributable reserves133 | €6,795 | €37,672 | ▲ 454% |
| Amounts payable17/49 | €6,100 | €16,170 | ▲ 165% |
| Amounts payable within one year42/48 | €6,100 | €16,170 | ▲ 165% |
| Trade debts44 | - | €572 | - |
| Suppliers440/4 | - | €572 | - |
| Taxes, remuneration and social security45 | €4,627 | €14,126 | ▲ 205% |
| Taxes450/3 | €4,627 | €14,126 | ▲ 205% |
| Other amounts payable47/48 | €1,472 | €1,472 | = |
Historical observation
In July 2024, 39,278 companies had the same profile as MDW has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of MDW itself is lower: < 0.1% within 12 months. It rests on far more data about MDW than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for MDW. 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.