M D M

Active

Private limited companyfounded 2003active for 23 yearsTorhoutsesteenweg 66, 8210 Zedelgem, BelgiumKBO/BCE: BE 0859.896.981

From the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

M D M has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€111,448) and a net result of €64,573. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 13,692 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisFollow Report Compare

M D MActiveChecked score 55/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 01-08-2003 Normal situation
Legal form: Private limited company
Registered office: Torhoutsesteenweg 66, 8210 Zedelgem
Activity: Wholesale of wines and spirits NACE 46341and 1 other
Establishment units: 2.134.277.637 8210 Zedelgem, since 01-08-2003
: 2.183.817.418 8210 Zedelgem, since 01-08-2009
Financial year end: 31 December
Peppol: Reachable since 18-02-2026

Company details

Who decides

Board

Marc De MeulemeesterDirector
DE MEULEMEESTER MARCODirector

Board & ownership

How it is doing

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Annual accounts 2025

Gross margin: €141,927; ▲ 35×
Turnover: ≈ €1.1m; estimated
Profit: €64,573
Equity: -€111,448; ▲ 36.7%
Total assets: €498,102; ▼ 7.0%
Staff: ≈ 0.1 FTE; estimated

2025 accounts filed 18 days late

Filed on 18-08-2026at the National Bank

Financials

Why 55raises riskCapped at 59: negative equityNegative equity -€111,448lowers riskSize: total assets €498,102Founded in 2003Figures for financial year 2025 (filed 19-08-2026)Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 37% of its sector peers (NACE 46, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 3+3

equity -22.4% of total assets

Liquidity 2+1

short-term debt 105.4% · cash 1.6%

Profitability 66+65

return on assets 13.0%

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)

Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.6%▲ +0.5 percentage points vs 07-2025 09-2025: 2.4%▲ +0.8 percentage points vs 08-2025 10-2025: 2.4%● unchanged vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.4%▲ +0.1 percentage points vs 06-2026 08-2026: 2.9%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -2.4 percentage points vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value

No credit on open account

Liquidity insufficient (current ratio 0.67, compared with 0.6 in 2024, below 1; short-term debt: 105.4% and cash: 1.6% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 12% on solvency, 5% on liquidity, 48% on profitability and 84% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Size: total assets €498,102

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€111,448

NBB · annual accounts

Founded in 2003

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 19-08-2026)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 13692 sector peers (2025).

NBB · sector comparison

Position among 13692 sector peers

Solvency

better than 14%

← weakest strongest →

2025 accounts filed 18 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

18 days late

2024

4 days late

2023

12 days late

2022

135 days late

2021

38 days early

2020

31 days early

2019

11 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 August (4 of the last 5 filed years within 51 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€111,448 View
Caution: Among the weakest 5% on equitysector median €56,557 · 13,722 companies -€111,448 View
Positive: Back in profit in 2025after -€76,063 in 2024 €64,573 View

Documents

Key facts about M D M

What is the company number of M D M?: 0859.896.981. In Belgium the VAT number is the company number with BE in front: BE 0859.896.981.
Where is M D M based?: The registered office is at Torhoutsesteenweg 66, 8210 Zedelgem.Company details
What does M D M do?: According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
What is the legal form of M D M?: Private limited company (BV).
When was M D M founded?: On 01-08-2003.
Is M D M still active?: Yes, M D M is an active enterprise in the KBO register.
How many employees does M D M have?: On average 0.3 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of M D M?: ≈ €1.1m in financial year 2025. Estimated from the gross margin of €141,927: probably between €410,000 and €1.9m, based on 34 comparable companies, NACE 463.
Is M D M profitable?: In financial year 2025, M D M made a profit of €64,573.
Where can I find the annual accounts of M D M?: M D M filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of M D M due?: By 31-07-2027, for financial year 2026.Timeline