Equity
€16,484 from €445,326 in 2018
Equity fell by 96% in 7 years.
MDV DEVELOPMENT
Lifetime
14 annual accounts with figures on one time axispeak €29,262 (2014)
€8,877▲ 190%
lowest -€51,283 (2020)
€5,275▲ 15×
peak €445,326 (2018)
€16,484▲ 47.1%
€19.5munchanged
Board2 names since 2021
1 directorVERSTRAETE Marie-Désirée Carine Anita
Owners
Documentsfilings and deeds
09-03-202652 days before the deadline
2025micro format
Gross margin from €3,060 to €8,877Result from €360 to €5,275Equity from €11,209 to €16,484Cash from €11,424 to €20,766
Key points
from the 2025 annual accountsTurnover
≈ €43,000 estimated
The accounts state no turnover.
Debts
€19.5m 100% of the balance sheet
Financial debts 100%Suppliers 0%Taxes and wages 0%
Of this, €1,372 falls due within a year.
Liquidity
22.26 was 44.89 in 2024
Short-term debts rose from €472 to €1,372.
Filings
14 annual accounts since 2011
Three of the last ten came late. The 2017 accounts came latest: 30 days after the end of the period.
Position in the sector
0.1%
Lower solvency than 90% of companies in financial services. Sector median 50.9% · 9,767 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
2 signals, none raises the risk
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €16,484
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
16 days early
2023
6 days late
2022
on the day
2020
16 days early
2019
21 days late
2018
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 April (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Board and ownership
- VERSTRAETE VASTGOED 999 sharesdeed of 27-10-2021
- VERSTRAETE CONSTRUCTO 1 sharedeed of 27-10-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832622066
Company renamed from VERSTRAETE RETAIL to MDV DEVELOPMENT
Capital decrease of €372,500 to €547.41 · Capital from €373,047.41 to €547.41 · Change of role: VERSTRAETE CONSTRUCTO, from statutory manager to director · General meeting of 19-10-2021 · Gazette deed
Registered office moved to Kortrijk
New registered office: Beneluxpark 26 bus 0051 te 8500 Kortrijk · Board meeting of 17-08-2021 · Gazette deed
Incorporation
published on 20-01-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDV DEVELOPMENT Kortrijk | €19.6m | €8,877 | 0.1% | - |
| HOLDING PUT-BRIJS Hasselt | €18.2m | €14,217 | 99.7% | - |
| AV-TRADING Wielsbeke | €9.7m | €7,429 | 19.0% | - |
| LETOPLAST INVEST Menen | €13.1m | €15,639 | 99.7% | - |
| VERMU Tielt | €8.4m | €8,508 | 98.5% | - |
| DE PROOST Antwerp | €10.2m | €10,914 | 100.0% | - |
| SB PARTICIPATIONS BELGIUM Mouscron | €15.6m | €12,803 | 80.0% | 0 |
These companies have the same main activity as MDV DEVELOPMENT: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €8.4m and €18m, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 10-01-2011Normal situation
- Registered office
- 100 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 1 other
- Establishment unit
- 2.278.345.1068500 Kortrijk, since 10-01-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-09-2025
- €19.6m=
- Filing
- Filed on 09-03-2026, 52 days before the end of the filing period
Insights on MDV DEVELOPMENT
MDV DEVELOPMENT files the micro format. That format states no turnover. The gross margin fell from €21,828 in 2011 to €8,877 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDV DEVELOPMENT
- What is the company number of MDV DEVELOPMENT?
- The company number of MDV DEVELOPMENT is 0832.622.066. The VAT number is the same number with BE in front: BE 0832.622.066.
- Where is MDV DEVELOPMENT based?
- The registered office is at Beneluxpark 26, 8500 Kortrijk.Company details
- What does MDV DEVELOPMENT do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of MDV DEVELOPMENT?
- MDV DEVELOPMENT is a private limited company (BV).
- When was MDV DEVELOPMENT founded?
- MDV DEVELOPMENT was founded on 10-01-2011.
- Is MDV DEVELOPMENT still active?
- Yes, MDV DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of MDV DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €43,000. This figure is estimated from the gross margin of €8,877 and 32 comparable companies (NACE 64210). It probably lies between €19,000 and €63,000. It is a rough estimate.Financials
- Is MDV DEVELOPMENT profitable?
- In financial year 2025, MDV DEVELOPMENT made a profit of €5,275.
- Where can I find the annual accounts of MDV DEVELOPMENT?
- MDV DEVELOPMENT filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDV DEVELOPMENT due?
- MDV DEVELOPMENT must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.