MDW CONSTRUCTIES
ActiveMDW CONSTRUCTIES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €31k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 5.35 against 4.21 in 2024), and 18.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
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
81.6%
Return on assets
20.3%
Age of the figures
8 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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
12 d late
2023
3 d early
2022
7 d early
2021
2 d late
2020
2 d early
2019
26 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€125k▲ 33.1%
2024 · €94k
2022: €79k
2023: €85k
2024: €94k
2022 → 2025
Total assets
€153k▲ 24.4%
2024 · €123k
2022: €100k
2023: €111k
2024: €123k
2022 → 2025
Net result
€31k▲ 8.5%
2024 · €29k
2022: €7k
2023: €7k
2024: €29k
2022 → 2025
Working capital
€122k▲ 31.0%
2024 · €93k
2022: €76k
2023: €84k
2024: €93k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€79k-€85k▲ 8.4%€94k▲ 10.3%€125k▲ 33.1%
Operating result€11k-€11k▼ 5.7%€44k▲ 316%€47k▲ 7.5%
Net result€7k-€7k▼ 3.8%€29k▲ 336%€31k▲ 8.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€2k▲ 520%
Current assets
€151k▲ 22.9%
Equity and liabilities €153k
Equity
€125k▲ 33.1%
Debt
€28k▼ 3.4%
The debt ratio falls from 23.7% to 18.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€48k▲
2024 · €45k
Cash flow
€31k▲
2024 · €29k
Solvency
81.6%▲
2024 · 76.3%
Current ratio
5.35▲
2024 · 4.21
Quick ratio
5.35▲
2024 · 4.21
Debt / equity
0.23▼
2024 · 0.31
ROE
24.9%▼
2024 · 30.5%
ROA
20.3%▼
2024 · 23.3%
Interest coverage
489.64▲
2024 · 443.21
Debt
€28k▼
2024 · €29k
Debt ≤ 1 year
€28k▼
2024 · €29k
Income taxes
€17k▲
2024 · €16k
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
Total assets
20/58€123k€153k▲
Fixed assets
21/28€392€2k▲
Tangible fixed assets
22/27€392€2k▲
Current assets
29/58€123k€151k▲
Amounts receivable within one year
40/41€10k€2k▼
Cash & bank
54/58€113k€149k▲
Total equity & liabilities
10/49€123k€153k▲
Equity
10/15€94k€125k▲
Contributions / capital
10/11€19k€19k=
Reserves
13€75k€106k▲
Amounts payable
17/49€29k€28k▼
Amounts payable within one year
42/48€29k€28k▼
Trade debts payable within one year
44€4k€7k▲
Income statement
Code20242025
Gross operating margin
9900€46k€48k▲
Operating result
9901€44k€47k▲
Financial income
75€478€746▲
Financial charges
65€101€97▼
Result before taxes
9903€45k€48k▲
Income taxes
67/77€16k€17k▲
Net result for the period
9904€29k€31k▲
Result to be appropriated
9905€29k€31k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €31k ▲8.5%
Operating result €47k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲33.1%
4 profitable years in a row build equity to €125k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼3.8%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
TECHNIDO
BE 0439.429.893
Zele · Eq €127k
RESTEVENTS
BE 0875.364.523
Beveren-Kruibeke-Zwijndrecht · Eq €123k
PHARMEDIC
BE 0715.682.133
Assesse · Eq €130k
SMEDERIJ DE BOECK
BE 0873.674.446
Aalst · Eq €130k
Ejotech
BE 0736.637.992
Herselt · Eq €119k
Of 979 companies in sector 25401 we hold annual accounts for 392. 313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-2005
Fiscal year end31-12
Activities, NACEBEL
25401Forging of metal
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-07-2026. Scores and ratios are computed by Checked and are not a credit decision.