MANAGEMENT & DEVELOPMENT DE MUYLDER
ActiveThe annual accounts of MANAGEMENT & DEVELOPMENT DE MUYLDER for fiscal year 2025 show a net loss of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 708 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-15
Solvency25▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.08 against 0.16 in 2024; short-term debt: 33.6% and cash: 1.1% of total assets), and 99.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-2.5%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 708 sector peers (2025).
NBB · sector comparisonPosition among 708 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
30 d late
2023
14 d late
2022
10 d late
2021
15 d late
2020
30 d late
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-33k
2024 · €11k
2019: €-34k
2020: €-954
2021: €10k
2022: €7k
2023: €13k
2024: €11k
2019 → 2025
Working capital
€-408k▼ 8.5%
2024 · €-376k
2019: €-47k
2020: €-54k
2021: €-45k
2022: €-41k
2023: €-370k
2024: €-376k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€14k▲ 111%€27k▲ 97.3%€38k▲ 42.4%€5k▼ 85.7%
Operating result€81k-€78k▼ 4.0%€100k▲ 27.9%€114k▲ 14.3%€-34k
Net result€10k-€7k▼ 26.0%€13k▲ 84.7%€11k▼ 13.9%€-33k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €114k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€1.29M▼ 0.1%
Current assets
€37k▼ 48.1%
Equity and liabilities €1.32M
Equity
€5k▼ 85.7%
Provisions
€0▼ 100%
Debt
€1.32M▲ 195%
The debt ratio rises from 32.9% to 99.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-33k▼
2024 · €115k
Cash flow
€-32k▼
2024 · €12k
Solvency
0.4%▼
2024 · 2.8%
Current ratio
0.08▼
2024 · 0.16
Quick ratio
0.08▼
2024 · 0.16
ROE
-596.9%▼
2024 · 29.8%
ROA
-2.5%▼
2024 · 0.8%
Interest coverage
-65.08▼
2024 · 1.33
Debt
€1.32M▲
2024 · €446k
Debt ≤ 1 year
€444k▼
2024 · €446k
Debt > 1 year
€872k
Income taxes
€-1k▼
2024 · €16k
A ratio outside any meaningful range has been withheld (balance sheet total €1.32M, equity €5k).
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€1.36M€1.32M▼
Fixed assets21/28€1.29M€1.29M▼
Tangible fixed assets22/27€1k€646▼
Plant, machinery and equipment23€476€238▼
Furniture and vehicles24€992€408▼
Financial fixed assets28€1.28M€1.28M=
Current assets29/58€70k€37k▼
Amounts receivable within one year40/41€16k€21k▲
Trade receivables40€16k€11k▼
Other amounts receivable41-€9k
Current investments50/53€755-
Cash at bank and in hand54/58€54k€15k▼
Deferred charges and accrued income490/1-€970
Equity and liabilities
Total equity and liabilities10/49€1.36M€1.32M▼
Equity10/15€38k€5k▼
Contributions10/11€12k€12k=
Reserves13€26k€26k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14-€-33k
Provisions and deferred taxes16€872k-
Provisions for liabilities and charges160/5€872k-
Other liabilities and charges164/5€872k-
Amounts payable17/49€446k€1.32M▲
Amounts payable after more than one year17-€872k
Other amounts payable178/9-€872k
Amounts payable within one year42/48€446k€444k▼
Trade debts44€1k€11k▲
Suppliers440/4€1k€11k▲
Taxes, remuneration and social security45€18k€439▼
Taxes450/3€13k€439▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€427k€433k▲
Accrued charges and deferred income492/3€20€20=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€996€822▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€116k€-32k▼
Operating profit (loss)9901€114k€-34k▼
Financial income75/76B€18€27▲
Recurring financial income75€18€27▲
Financial charges65/66B€86k€504▼
Recurring financial charges65€86k€504▼
Profit (loss) for the period before taxes9903€27k€-34k▼
Income taxes67/77€16k€-1k▼
Profit (loss) for the period9904€11k€-33k▼
Profit (loss) for the period to be appropriated9905€11k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-33k▼
Profit (loss) brought forward from the previous period14P€9k-
Transfer to equity691/2€20k-
To other reserves6921€20k-
The notes to these accounts (6 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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
31-03
Financial
Highest result since 2019net €13k ▲84.7%
Net result €13k, the highest in the series.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 15 days late
31-03
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-02-2024
Resigned as Manager
Location & real-estate footprint
Registered office, La Hulpe · 1 establishment unit since 2011
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 du Moulin 371310 La HulpeGround area
6,602 m²
Building footprint
190 m²
Volume, LiDAR
1,176 m³
Parcel 25050D0015/00D000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANAGEMENT & DEVELOPMENT DE MUYLDER
since 20112.202.190.505
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050D0015/00D000 | Wallonia | 6,602 m² | 1 · 190 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,426 companies in sector 73300 we hold annual accounts for 6,900. 2,716 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-07-2011
Fiscal year end31-03
Abbreviation FR
MDM
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.