MDF875
ActiveMDF875 has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €8k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 16935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-88
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.59 against 9.85 in 2024), and 11.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.6%
Return on assets
2.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
18 d late
2023
19 d late
2022
61 d early
2021
38 d early
2020
173 d late
2019
12 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€332k▲ 2.5%
2024 · €324k
2018: €212k
2019: €165k
2020: €165k
2021: €104k
2022: €139k
2023: €232k
2024: €324k
2018 → 2025
Total assets
€375k▲ 4.3%
2024 · €359k
2018: €239k
2019: €166k
2020: €166k
2021: €107k
2022: €162k
2023: €240k
2024: €359k
2018 → 2025
Net result
€8k▼ 91.2%
2024 · €92k
2018: €-28k
2019: €-19k
2020: €-43k
2021: €-18k
2022: €35k
2023: €93k
2024: €92k
2018 → 2025
Working capital
€326k▲ 3.9%
2024 · €314k
2018: €194k
2019: €146k
2020: €145k
2021: €81k
2022: €121k
2023: €216k
2024: €314k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€139k▲ 33.2%€232k▲ 67.3%€324k▲ 39.4%€332k▲ 2.5%
Operating result€-18k-€15k€95k▲ 522%€138k▲ 45.4%€12k▼ 91.5%
Net result€-18k-€35k€93k▲ 170%€92k▼ 2.0%€8k▼ 91.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375k
Fixed assets
€6k▼ 41.2%
Current assets
€369k▲ 5.7%
Equity and liabilities €375k
Equity
€332k▲ 2.5%
Debt
€43k▲ 21.2%
The debt ratio rises from 9.9% to 11.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€17k▼
2024 · €144k
Cash flow
€14k▼
2024 · €97k
Solvency
88.6%▼
2024 · 90.1%
Current ratio
8.59▼
2024 · 9.85
Quick ratio
8.59▼
2024 · 9.85
Debt / equity
0.13▲
2024 · 0.11
ROE
2.4%▼
2024 · 28.3%
ROA
2.1%▼
2024 · 25.5%
Interest coverage
161.76▼
2024 · 1323.30
Debt
€43k▲
2024 · €35k
Debt ≤ 1 year
€43k▲
2024 · €35k
Income taxes
€4k▼
2024 · €47k
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€359k€375k▲
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€10k€6k▼
Land and buildings22€4k€2k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€349k€369k▲
Amounts receivable within one year40/41€151k€160k▲
Trade receivables40€26k€24k▼
Other amounts receivable41€125k€136k▲
Cash at bank and in hand54/58€188k€198k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€359k€375k▲
Equity10/15€324k€332k▲
Contributions10/11€12k€12k=
Reserves13€312k€320k▲
Distributable reserves133€312k€320k▲
Amounts payable17/49€35k€43k▲
Amounts payable within one year42/48€35k€43k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€33k€36k▲
Taxes450/3€33k€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€146k€19k▼
Operating profit (loss)9901€138k€12k▼
Financial charges65/66B€109€108▼
Recurring financial charges65€109€108▼
Profit (loss) for the period before taxes9903€138k€12k▼
Income taxes67/77€47k€4k▼
Profit (loss) for the period9904€92k€8k▼
Profit (loss) for the period to be appropriated9905€92k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€8k▼
Transfer to equity691/2€92k€8k▼
To other reserves6921€92k€8k▼
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
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €93k ▲170%
Net result €93k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 31.25
Current ratio from 6.26 to 31.25; short-term debt falls from €23k to €7k.
31-12
Financial
Equity above €200kEq €232k ▲67.3%
2 profitable years in a row build equity to €232k.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €35k
Net result €35k after 4 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 173 days late
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Liquidity times 28current ratio 232.35
Current ratio from 8.39 to 232.35; short-term debt falls from €26k to €632.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bredene · 1 establishment unit since 1998
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.
Lodewijk Paretlaan 378450 BredeneGround area
152 m²
Building footprint
77 m²
Volume, LiDAR
445 m³
Parcel 35002B0167/00W000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lodewijk Paretlaan 37, 8450 Bredene
since 19982.089.445.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0167/00W000 | Flanders | 152 m² | 1 · 77 m² | 9.2 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.
Similar companies · same sector, comparable size
APPLISE
BE 0823.701.927
Tongeren-Borgloon · Eq €332k
CONSULTANCY & CATERING SERVICES DEGREEF
BE 0837.013.790
Boutersem · Eq €332k
Luna
BE 0691.952.468
Buggenhout · Eq €332k
ARTVIVRE
BE 0669.788.067
De Haan · Eq €332k
GUANTIMA
BE 0822.435.383
Oostende · Eq €332k
Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 13,401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-1998
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.