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MDX-Solutions

Active
Private limited companyfounded 2024active for 2 yearsHof van Steelant 11, 8210 Zedelgem, BelgiumKBO/BCE: BE 1014.191.913
Summary

The computed 12-month bankruptcy probability of MDX-Solutions is 2.4% (moderate). The 2025 annual accounts show equity of €5,819 and a net result of €819. Its solvency ranks better than 31% of 13,639 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€5,819
Total assets
€37,611
Net result
€819
Working capital
€219

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €37,611
Fixed assets €20,270
Current assets €17,341
Equity and liabilities €37,611
Equity €5,819
Debt €31,792
Debt finances 84.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€12,689
Cash flow
€9,406
Current ratio
1.01
Debt to equity
5.46
ROE
14.1%
ROA
2.2%
Interest coverage
9.34
Debt ≤ 1 year
€17,122
Debt > 1 year
€13,595
Income taxes
€1,931

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.8% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€37,611
Fixed assets21/28€20,270
Tangible fixed assets22/27€20,270
Leasing and similar rights25€20,270
Current assets29/58€17,341
Amounts receivable within one year40/41€14,616
Trade receivables40€14,353
Other amounts receivable41€263
Cash at bank and in hand54/58€648
Deferred charges and accrued income490/1€2,078
Equity and liabilities
Total equity and liabilities10/49€37,611
Equity10/15€5,819
Contributions10/11€5,000
Profit (loss) carried forward14€819
Amounts payable17/49€31,792
Amounts payable after more than one year17€13,595
Financial debts170/4€13,595
Amounts payable within one year42/48€17,122
Current portion of amounts payable after more than one year42€6,870
Financial debts43€36
Credit institutions430/8€36
Trade debts44€1,963
Suppliers440/4€1,963
Taxes, remuneration and social security45€6,298
Taxes450/3€6,298
Other amounts payable47/48€1,956
Accrued charges and deferred income492/3€1,075
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,587
Other operating charges640/8€2,470
Gross operating margin9900€15,159
Operating profit (loss)9901€4,102
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€1,358
Recurring financial charges65€1,358
Profit (loss) for the period before taxes9903€2,750
Income taxes67/77€1,931
Profit (loss) for the period9904€819
Profit (loss) for the period to be appropriated9905€819
Appropriation of the result
Profit (loss) to be appropriated9906€819

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,587
Other operating charges640/8€2,470
Gross operating margin9900€15,159
Operating profit (loss)9901€4,102
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€1,358
Recurring financial charges65€1,358
Profit (loss) for the period before taxes9903€2,750
Income taxes67/77€1,931
Profit (loss) for the period9904€819
Profit (loss) for the period to be appropriated9905€819
Line2025
Assets
Total assets20/58€37,611
Fixed assets21/28€20,270
Tangible fixed assets22/27€20,270
Leasing and similar rights25€20,270
Current assets29/58€17,341
Amounts receivable within one year40/41€14,616
Trade receivables40€14,353
Other amounts receivable41€263
Cash at bank and in hand54/58€648
Deferred charges and accrued income490/1€2,078
Equity and liabilities
Total equity and liabilities10/49€37,611
Equity10/15€5,819
Contributions10/11€5,000
Profit (loss) carried forward14€819
Amounts payable17/49€31,792
Amounts payable after more than one year17€13,595
Financial debts170/4€13,595
Amounts payable within one year42/48€17,122
Current portion of amounts payable after more than one year42€6,870
Financial debts43€36
Credit institutions430/8€36
Trade debts44€1,963
Suppliers440/4€1,963
Taxes, remuneration and social security45€6,298
Taxes450/3€6,298
Other amounts payable47/48€1,956
Accrued charges and deferred income492/3€1,075
Line2025
Profit (loss) for the period9904€819
+ Depreciation and write-downs630€8,587
Operating cash flow (approximation)€9,406

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 20-05-2026 2026-00115657

Similar companies · same sector, comparable size

Of the 4,317 active companies whose main activity is agents specialised in the wholesale of other particular products (NACE 46180), figures are known for 1,908. 730 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.