M.D.H.
M.D.H. has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €210k and a net result of €59k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 26062 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €210k |
| Net result | €59k |
| Better than sector | 84% |
| Active | 25 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 75.1% | 32.3% | |
| Net result | €59k | €4k | |
| Equity | €210k | €39k | |
| Gross operating margin | €119k | €31k | |
| Staff costs | €22k | €38k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €94k | €37k | €50k | €63k |
| Net profit | €59k | €10k | €17k | €30k |
| Cash flow | €77k | €32k | €39k | €47k |
| Staff costs | €22k | €14k | €13k | €10k |
| Income taxes | €16k | €4k | €9k | €16k |
| Dividends | - | - | - | - |
| Total assets | €279k | €192k | €183k | €188k |
| Equity | €210k | €151k | €141k | €124k |
| Debt | €70k | €41k | €42k | €64k |
| of which ≤ 1y | €70k | €41k | €42k | €64k |
| of which > 1y | - | - | - | - |
| Working capital | €119k | €43k | €17k | €-21k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.71 | 2.06 | 1.39 | 0.68 |
| Quick ratio | 2.35 | 1.88 | 1.22 | 0.56 |
| Working capital ratio | 42.5% | 22.5% | 9.1% | -11.0% |
| Solvency | 75.1% | 78.6% | 76.8% | 65.8% |
| Debt / equity | 0.33 | 0.27 | 0.30 | 0.52 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 119.97 | 35.14 | 33.22 | 120.65 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 21.1% | 5.2% | 9.3% | 15.8% |
| ROE | 28.1% | 6.6% | 12.1% | 24.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €279k | €192k | €183k | €188k |
| Fixed assets | 21/28 | €91k | €108k | €124k | €145k |
| Tangible fixed assets | 22/27 | €91k | €108k | €124k | €145k |
| Current assets | 29/58 | €188k | €84k | €59k | €44k |
| Stocks & contracts in progress | 3 | €25k | €7k | €7k | €8k |
| Amounts receivable within one year | 40/41 | €25k | €16k | €14k | €2k |
| Cash & bank | 54/58 | €137k | €60k | €37k | €33k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €279k | €192k | €183k | €188k |
| Equity | 10/15 | €210k | €151k | €141k | €124k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €54k | €54k | €44k | €28k |
| Accumulated profits (losses) | 14 | €137k | €78k | €77k | €77k |
| Amounts payable | 17/49 | €70k | €41k | €42k | €64k |
| Amounts payable within one year | 42/48 | €70k | €41k | €42k | €64k |
| Trade debts payable within one year | 44 | - | €31k | €28k | €40k |
| Income statement | |||||
| Gross operating margin | 9900 | €119k | €53k | €65k | €74k |
| Operating result | 9901 | €76k | €15k | €28k | €46k |
| Financial income | 75 | €2 | €3 | €7 | €0 |
| Financial charges | 65 | €786 | €1k | €1k | €520 |
| Result before taxes | 9903 | €75k | €14k | €26k | €45k |
| Income taxes | 67/77 | €16k | €4k | €9k | €16k |
| Net result for the period | 9904 | €59k | €10k | €17k | €30k |
| Result to be appropriated | 9905 | €59k | €10k | €17k | €30k |
-
Current02-05-2025 → present
Former directors (4)
-
Former02-02-2024 → 30-09-2025
3 events
- 30-09-2025 Resigned· Director
- 02-05-2025 Appointed· Director
- 02-02-2024 Appointed· Manager
-
Former- → 02-05-2025
-
Former01-03-2014 → 02-02-2024
2 events
- 02-02-2024 Resigned· Director
- 01-03-2014 Appointed· Manager
-
Former04-11-2013 → 31-12-2018
2 events
- 31-12-2018 Resigned· Manager
- 04-11-2013 Appointed· Managing director
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 06-11-2000 |
| Status | Active |
| Postal code | 1150 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0160/00F002 | Brussels | 150 m² | 1 · 117 m² | 10.1 m · 1 fl. |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-10-2025 Madani Hosseini Ali resigns as director
- Madani Hosseini Ali, Bestuurder
Technical details
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"effective_date": "2025-09-30",
"evidence_quote": "La d\u00E9mission de la fonction d\u0027administrateur de M. Madani Hosseini Ali, domicili\u00E9 \u00E0 1150 Bruxelles, rue au bois 152 (D\u00E9cision avec effet au 30/09/2025)"
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}02-05-2025 Articles of association amended
Technical details
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}24-03-2025 Transaction in capital or shares
Technical details
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"effective_date": "2025-02-18",
"evidence_quote": "La cession de la totalit\u00E9 des parts de Madame Tatarevic Bernamina au profit de Monsieur Hagh Panah Bajgiran Amanolla",
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}14-02-2024 1 director appointed, 1 resigning
- Ali Madani Hosseini, Zaakvoerder
- Bernamina Tatarevic, Bestuurder
Technical details
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"effective_date": "2024-02-02",
"evidence_quote": "L\u0027assembl\u00E9e a d\u00E9cid\u00E9 de mettre fin avec effet imm\u00E9diat au mandat d\u0027administrateur de Mme Bernamina Tatarevic (NN 72.04.08-354 73)."
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"person": {
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"name": "Ali Madani Hosseini",
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"effective_date": "2024-02-02",
"evidence_quote": "Mr Ali Madani Hosseini est d\u00E9sign\u00E9 en qualit\u00E9 d\u0027administrateur charg\u00E9 de la gestion journali\u00E8re de la soci\u00E9t\u00E9."
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}16-04-2019 Transaction in capital or shares
Technical details
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}15-02-2017 Transaction in capital or shares
Technical details
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}19-03-2014 Bernamina TATAREVIC appointed as manager
- Bernamina TATAREVIC, Zaakvoerder
Technical details
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"effective_date": "2014-03-01",
"evidence_quote": "L\u0027assembl\u00E9e propose, \u00E0 effet du 01/03/2014, la nomination au poste de g\u00E9rante de Madame Bernamina TATAREVIC (NN 720408-354-73), domicili\u00E9e Joseph Kumpsstraat 158 \u00E0 1560 Hoeilaert, qui accepte."
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}09-12-2013 Marjan HAGH PANAH BAJGIRAN appointed as managing director
- Marjan HAGH PANAH BAJGIRAN, Gedelegeerd bestuurder
Technical details
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"effective_date": "2013-11-04",
"evidence_quote": "Le pr\u00E9sident expose la nomination de Madame Marjan HAGH PANAH BAJGIRAN (NN 860823-334-62), demeurant Rue Sti\u00E8non, 53 \u00E0 1020 Bruxelles, au poste de g\u00E9rant, \u00E0 titre gratut, \u00E0 effet du 04/11/2013. L\u0027assembl\u00E9e g\u00E9n\u00E9rale approuve la proposition du pr\u00E9sident et marque son accord sur la nomination du g\u00E9rant"
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}| Legal nameFR | M.D.H. |