MDG Concept

Active

Private limited companyfounded 20205 yrs activeBrakkebos 2, 2980 Zoersel, BelgiumKBO/BCE: BE 0758.936.611

Summary

The computed 12-month bankruptcy probability of MDG Concept is 2.0% (moderate). The 2025 annual accounts show equity of €20k and a net result of €-2k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 18280 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability18▼-46

Solvency100=

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 28.65 against 21.43 in 2024; short-term debt: 3.5% and cash: 98.2% of total assets), and 3.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

96.5%

Return on assets

-7.9%

Age of the figures

12 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

on the day

2024

2 d early

2023

6 d early

2022

2 d early

2021

1 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€20k▼ 7.6%

2024 · €21k

2021: €20k 2022: €20k 2023: €19k 2024: €21k

2021 → 2025

Total assets

€20k▼ 8.7%

2024 · €22k

2021: €30k 2022: €29k 2023: €20k 2024: €22k

2021 → 2025

Net result

€-2k

2024 · €2k

2021: €17k 2022: €280 2023: €-1k 2024: €2k

2021 → 2025

Working capital

€20k▼ 7.6%

2024 · €21k

2021: €20k 2022: €20k 2023: €19k 2024: €21k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€20k-€20k▲ 1.4%€19k▼ 7.2%€21k▲ 12.8%€20k▼ 7.6%

Operating result€25k-€426▼ 98.3%€-1k€3k€-1k

Net result€17k-€280▼ 98.4%€-1k€2k€-2k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €1k after €3k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €20k

96.5%

Equity €20k ▼ 7.6%

Debt €713 ▼ 31.7%

Debt's share of the balance-sheet total falls from 4.7% to 3.5%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

Current ratio

28.65▲

2024 · 21.43

Debt to equity

0.04▼

2024 · 0.05

ROE

-8.2%▼

2024 · 11.3%

ROA

-7.9%▼

2024 · 10.8%

Debt ≤ 1 year

€713▼

2024 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines

Balance sheet Code20242025

Assets

Total assets20/58€22k€20k▼

Current assets29/58€22k€20k▼

Amounts receivable within one year40/41€651€135▼

Trade receivables40€103-

Other amounts receivable41€548€135▼

Cash at bank and in hand54/58€21k€20k▼

Deferred charges and accrued income490/1€230€230=

Equity and liabilities

Total equity and liabilities10/49€22k€20k▼

Equity10/15€21k€20k▼

Contributions10/11€3k€3k=

Reserves13€18k€18k=

Distributable reserves133€18k€18k=

Profit (loss) carried forward14-€-2k

Amounts payable17/49€1k€713▼

Amounts payable within one year42/48€1k€713▼

Trade debts44€575€713▲

Suppliers440/4€575€713▲

Taxes, remuneration and social security45€469-

Taxes450/3€469-

Income statement Code20242025

Other operating charges640/8€118€120▲

Gross operating margin9900€3k€-1k▼

Operating profit (loss)9901€3k€-1k▼

Financial income75/76B€4€5▲

Recurring financial income75€4€5▲

Financial charges65/66B€39€127▲

Recurring financial charges65€39€127▲

Profit (loss) for the period before taxes9903€3k€-2k▼

Income taxes67/77€469-

Profit (loss) for the period9904€2k€-2k▼

Profit (loss) for the period to be appropriated9905€2k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€937€-2k▼

Profit (loss) brought forward from the previous period14P€-1k-

Transfer to equity691/2€937-

To other reserves6921€937-

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Gazette 1Filings 5

Next filing, fiscal year 2026, expected by 30-04-2027

2026

21-08

State Gazette act Resignation: Peter De Gendt (non-statutory director)

2 facts ▸

General meeting, 31-05-2026
Director resignation, Peter De Gendt (non-statutory director)

30-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Weakest financial yearnet €-2k ▼167%

Net result drops to €-2k, the lowest in the series.

28-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

24-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Liquidity quadruplescurrent ratio 14.59

Current ratio from 3.38 to 14.59; short-term debt falls from €9k to €1k.

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

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.

31-05-2026 Resigned as Non-statutory director

Location & real-estate footprint

Registered office, Zoersel · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Brakkebos 22980 Zoersel

Ground area

840 m²

Building footprint

170 m²

Volume, LiDAR

695 m³

Parcel 11017C0536/00R004, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

MDG Concept

Brakkebos 2, 2980 ZoerselOther education

since 20202.310.375.692

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11017C0536/00R004	Flanders	840 m²	1 · 170 m²	7.0 m · 1 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

POSTILLION

BE 0742.624.971

Poperinge · Eq €19,839

HELIXEAR

BE 0656.684.852

Sint-Jans-Molenbeek · Eq €20,125

Of 1,070 companies in sector 47741 we hold annual accounts for 644. 315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-12-2020

Fiscal year end30-09

Activities, NACEBEL 2025

47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses

46460Wholesale of pharmaceutical and medical goods

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.