MDW VASTGOED
ActiveSummary
MDW VASTGOED has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €-11k. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+3
Solvency100▲+77
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.99 in 2024; short-term debt: 2.9% and cash: 0.5% of total assets), and 5.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
94.5%
Return on assets
-0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
21 d late
2023
30 d late
2022
25 d early
2021
22 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
€1.36M
2024 · €-26k
2021: €5k
2022: €12k
2023: €16k
2024: €-26k
2021 → 2025
Total assets
€1.44M▼ 0.6%
2024 · €1.45M
2021: €1.47M
2022: €1.46M
2023: €1.48M
2024: €1.45M
2021 → 2025
Net result
€-11k▲ 73.5%
2024 · €-42k
2021: €-5k
2022: €7k
2023: €4k
2024: €-42k
2021 → 2025
Working capital
€8k
2024 · €-451
2021: €46k
2022: €52k
2023: €41k
2024: €-451
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€12k▲ 132%€16k▲ 31.3%€-26k€1.36M
Operating result€31k-€41k▲ 33.0%€40k▼ 2.0%€-17k€-11k▲ 36.0%
Net result€-5k-€7k€4k▼ 45.0%€-42k€-11k▲ 73.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €17k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€1.39M =
Current assets
€49k ▼ 15.7%
Equity and liabilities €1.44M
Equity
€1.36M
Debt
€79k
Debt finances 5.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-17k
Cash flow
€-11k▲
2024 · €-42k
Current ratio
1.20▲
2024 · 0.99
Debt to equity
0.06▲
2024 · -56.32
ROE
-0.8%
ROA
-0.8%▲
2024 · -2.9%
Interest coverage
-71.50▼
2024 · -0.69
Debt ≤ 1 year
€41k▼
2024 · €59k
Debt > 1 year
€25k▼
2024 · €1.40M
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.45M€1.44M▼
Formation expenses20€0-
Fixed assets21/28€1.39M€1.39M=
Tangible fixed assets22/27€1.39M€1.39M=
Land and buildings22€1.39M€1.39M=
Financial fixed assets28€3k€3k=
Current assets29/58€59k€49k▼
Amounts receivable within one year40/41€35k€33k▼
Trade receivables40€35k€33k▼
Cash at bank and in hand54/58€13k€7k▼
Deferred charges and accrued income490/1€11k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.44M▼
Equity10/15€-26k€1.36M▲
Contributions10/11€10k€1.41M▲
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-42k€-53k▼
Amounts payable17/49€1.48M€79k▼
Amounts payable after more than one year17€1.40M€25k▼
Financial debts170/4€1.40M€25k▼
Amounts payable within one year42/48€59k€41k▼
Trade debts44€53k€37k▼
Suppliers440/4€53k€37k▼
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€1k€0▼
Other amounts payable47/48€5k€5k=
Accrued charges and deferred income492/3€17k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19€0▼
Other operating charges640/8€25k€26k▲
Gross operating margin9900€7k€15k▲
Operating profit (loss)9901€-17k€-11k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€25k€154▼
Recurring financial charges65€25k€154▼
Profit (loss) for the period before taxes9903€-42k€-11k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-42k€-11k▲
Profit (loss) for the period to be appropriated9905€-42k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-53k▼
Profit (loss) brought forward from the previous period14P-€-42k
Transfer to equity691/2€0-
To other reserves6921€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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Equity above €1MEq €1.36M
Equity rises from €-26k to €1.36M.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €-42k ▼1211%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 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, Antwerpen · 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.
Mechelsesteenweg 642018 AntwerpenGround area
3,094 m²
Building footprint
1,135 m²
Volume, LiDAR
35,901 m³
Parcel 11810K1503/00X000, Flanders · tallest building 46.7 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
MDW VASTGOED
since 20202.312.073.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1503/00X000 | Flanders | 3,094 m² | 1 · 1,135 m² | 46.7 m · 13 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.
Similar companies · same sector, comparable size
ENERGIE WEST
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BELCROWN REALTY
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SOFTIMAT NOORD N V
BE 0428.292.909
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IMMOBILIENVENNOOTSCHAP VERVER
BE 0425.669.949
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INDL
BE 0672.879.892
Sprimont · Eq €1,359,629
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,929 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
Founded21-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.