MDS GROUP
ActiveMDS GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €127k and a net result of €129k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 2403 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2403 sector peers (2025).
NBB · sector comparisonPosition among 2403 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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 · 7 filingsDeviation from the deadline
2025
33 d late
2024
21 d late
2023
57 d late
2022
16 d early
2021
3 d early
2020
27 d late
2019
88 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k▼ 35.9%
2024 · €198k
2019: €61k
2020: €117k
2021: €124k
2022: €190k
2023: €178k
2024: €198k
2019 → 2025
Net result
€129k▲ 104%
2024 · €63k
2019: €55k
2020: €56k
2021: €7k
2022: €66k
2023: €82k
2024: €63k
2019 → 2025
Total assets
€862k▲ 201%
2024 · €287k
2019: €79k
2020: €157k
2021: €235k
2022: €277k
2023: €273k
2024: €287k
2019 → 2025
Solvency
14.7%▼ 54.3pp
2024 · 69.0%
2019: 77.1%
2020: 75.0%
2021: 52.9%
2022: 68.4%
2023: 65.1%
2024: 69.0%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€190k▲ 52.8%€178k▼ 6.4%€198k▲ 11.4%€127k▼ 35.9%
Operating result€13k-€88k▲ 576%€125k▲ 41.8%€91k▼ 26.9%€180k▲ 98.0%
Net result€7k-€66k▲ 890%€82k▲ 24.6%€63k▼ 22.7%€129k▲ 104%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 98% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €862k
Fixed assets
€512k▲ 546%
Current assets
€350k▲ 68.8%
Equity and liabilities €862k
Equity
€127k▼ 35.9%
Debt
€736k▲ 726%
The debt ratio rises from 31.0% to 85.3%: debt grows while equity shrinks.
Key figures and ratios
Solvency
14.7%▼
2024 · 69.0%
ROE
101.8%▲
2024 · 31.9%
ROA
15.0%▼
2024 · 22.0%
Debt
€736k▲
2024 · €89k
Debt ≤ 1 year
€236k▲
2024 · €58k
Debt > 1 year
€500k▲
2024 · €31k
Income taxes
€45k▲
2024 · €21k
Staff costs
€18k
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
Assets
Total assets20/58€287k€862k▲
Fixed assets21/28€79k€512k▲
Tangible fixed assets22/27€59k€492k▲
Land and buildings22-€440k
Plant, machinery and equipment23€300€100▼
Furniture and vehicles24€18k€14k▼
Other tangible fixed assets26€41k€38k▼
Financial fixed assets28€20k€20k▲
Current assets29/58€208k€350k▲
Amounts receivable within one year40/41€13k€8k▼
Trade receivables40€5k-
Other amounts receivable41€8k€8k=
Current investments50/53-€10k
Cash at bank and in hand54/58€192k€332k▲
Deferred charges and accrued income490/1€2k€693▼
Equity and liabilities
Total equity and liabilities10/49€287k€862k▲
Equity10/15€198k€127k▼
Contributions10/11€19k€19k=
Reserves13€179k€108k▼
Distributable reserves133€179k€108k▼
Amounts payable17/49€89k€736k▲
Amounts payable after more than one year17€31k€500k▲
Financial debts170/4€31k€500k▲
Amounts payable within one year42/48€58k€236k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€56k€93k▲
Taxes450/3€56k€90k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48-€139k
Income statement
Code20242025
Remuneration, social security and pensions62-€18k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€90k▲
Other operating charges640/8€11k€72k▲
Gross operating margin9900€124k€360k▲
Operating profit (loss)9901€91k€180k▲
Financial income75/76B€9€1▼
Recurring financial income75€9€1▼
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€84k€174k▲
Income taxes67/77€21k€45k▲
Profit (loss) for the period9904€63k€129k▲
Profit (loss) for the period to be appropriated9905€63k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€129k▲
Transfer from equity791/2-€71k
Transfer to equity691/2€20k-
To other reserves6921€20k-
Profit to be distributed694/7€43k€200k▲
Return on contributions (dividend)694€43k€200k▲
The notes to these accounts (8 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
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 33 days late
27-08
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
2025
31-12
Financial
Highest result since 2019net €129k ▲104%
Operating result €180k, net result €129k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €190k ▲52.8%
4 profitable years in a row build equity to €190k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €7k ▼88.3%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 8.62
Current ratio from 3.29 to 8.62; short-term debt falls from €39k to €22k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €117k ▲92.3%
2 profitable years in a row build equity to €117k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Braine-l'Alleud · 2 establishment units since 2018
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.
Rue Scolasse 141420 Braine-l'AlleudGround area
2,163 m²
Building footprint
595 m²
Volume, LiDAR
8,200 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
MDS GROUP
since 20182.300.330.650
CENTRALE DU CREDIT HYPOTHÉCAIRE
since 20202.303.543.825
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00B060 | Brussels | 901 m² | 1 · 463 m² | 21.8 m · 6 fl. |
| 25014N0580/00D000 | Wallonia | 707 m² | 1 · 9 m² | 6.1 m · 1 fl. |
| 22552H0018/00M007 | Flanders | 555 m² | 1 · 123 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyMDS GROUPBE 0699.714.448
controls
Where this company holds controlthis company sits on their board1
2 locations
Similar companies · same sector, comparable size
PROTEAS VERZEKERINGEN
BE 0428.462.757
Merksplas · Eq €127k
InCigno
BE 0721.853.610
Heist-op-den-Berg · Eq €126k
Wouter Vanbussel
BE 0775.310.904
Oudsbergen · Eq €127k
T&B VERZEKERINGEN
BE 0544.445.063
Temse · Eq €126k
CHARLESTON
BE 0500.631.945
Braine-l'Alleud · Eq €127k
Of 4,666 companies in sector 66220 we hold annual accounts for 3,215. 2,771 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2018
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:jonathan@c-ch.be