MDM SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of MDM SOLUTIONS is 2.9% (moderate). The 2024 annual accounts show negative equity (€-172k) and a net result of €-108k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 991 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50=
Solvency0▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.36 in 2023; short-term debt: 111.7% and cash: 10.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-41.6%
Return on assets
-26.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-172k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
61 d late
2022
31 d late
2021
9 d early
2020
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-172k▼ 168%
2023 · €-64k
2020: €40k
2021: €55k
2022: €17k
2023: €-64k
2020 → 2024
Total assets
€414k▼ 24.1%
2023 · €545k
2020: €411k
2021: €771k
2022: €681k
2023: €545k
2020 → 2024
Net result
€-108k▼ 33.5%
2023 · €-81k
2020: €-53k
2021: €-30k
2022: €-38k
2023: €-81k
2020 → 2024
Working capital
€-338k▼ 50.3%
2023 · €-225k
2020: €-73k
2021: €-149k
2022: €-204k
2023: €-225k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€55k▲ 37.3%€17k▼ 69.4%€-64k€-172k▼ 168%
Operating result€-43k-€-27k▲ 38.3%€-35k▼ 32.6%€-79k▼ 123%€-106k▼ 35.2%
Net result€-53k-€-30k▲ 44.4%€-38k▼ 27.7%€-81k▼ 114%€-108k▼ 33.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106k in 2024 against €79k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €414k
Fixed assets
€289k ▼ 31.3%
Current assets
€125k ▲ 0.3%
Key figures and ratios
EBITDA
€81k▼
2023 · €148k
Cash flow
€79k▼
2023 · €146k
Solvency
-41.6%▼
2023 · -11.8%
Current ratio
0.27▼
2023 · 0.36
Debt to equity
-3.40▲
2023 · -9.50
ROA
-26.1%▼
2023 · -14.8%
Interest coverage
52.49▼
2023 · 67.84
Debt
€586k▼
2023 · €609k
Debt ≤ 1 year
€462k▲
2023 · €349k
Debt > 1 year
€123k▼
2023 · €260k
Staff costs
€55k▼
2023 · €76k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€545k€414k▼
Fixed assets21/28€421k€289k▼
Tangible fixed assets22/27€408k€276k▼
Plant, machinery and equipment23€19k€11k▼
Furniture and vehicles24€344k€226k▼
Other tangible fixed assets26€45k€38k▼
Financial fixed assets28€13k€13k=
Current assets29/58€124k€125k▲
Amounts receivable within one year40/41€71k€60k▼
Trade receivables40€68k€57k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€33k€43k▲
Deferred charges and accrued income490/1€20k€22k▲
Equity and liabilities
Total equity and liabilities10/49€545k€414k▼
Equity10/15€-64k€-172k▼
Contributions10/11€93k€93k=
Revaluation surpluses12€30k-
Reserves13€15k€44k▲
Distributable reserves133€15k€44k▲
Profit (loss) carried forward14€-202k€-309k▼
Amounts payable17/49€609k€586k▼
Amounts payable after more than one year17€260k€123k▼
Financial debts170/4€260k€123k▼
Amounts payable within one year42/48€349k€462k▲
Current portion of amounts payable after more than one year42€228k€313k▲
Trade debts44€16k€15k▼
Suppliers440/4€16k€15k▼
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€25k€14k▼
Taxes450/3€14k€10k▼
Remuneration and social security454/9€11k€4k▼
Other amounts payable47/48€79k€118k▲
Accrued charges and deferred income492/3-€25
Income statement
Code20232024
Non-recurring operating income76A€33k-
Remuneration, social security and pensions62€76k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226k€187k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€6k€6k▲
Gross operating margin9900€236k€142k▼
Operating profit (loss)9901€-79k€-106k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-81k€-108k▼
Profit (loss) for the period9904€-81k€-108k▼
Profit (loss) for the period to be appropriated9905€-81k€-108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-202k€-309k▼
Profit (loss) brought forward from the previous period14P€-121k€-202k▼
Social balance
Average headcount (FTE)90871.00.8▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Rotselaar · 1 establishment unit since 2019
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.
Haachtsesteenweg 213118 RotselaarGround area
3,435 m²
Building footprint
131 m²
Volume, LiDAR
455 m³
Parcel 24121F0245/00M002, Flanders · tallest building 12.8 m. Linked by address, not a title deed.
1 establishment unit
MDM SOLUTIONS
since 20192.288.177.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24121F0245/00M002 | Flanders | 3,435 m² | 1 · 131 m² | 12.8 m |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 526 EUR awarded · 415 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 105 EUR | 105 EUR |
| 2024 | 1 | 421 EUR | 310 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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LVMT
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Of 361 companies in sector 77120 we hold annual accounts for 233. 80 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
Founded24-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
77120Rental and leasing activities
29202Manufacture of motor vehicles, trailers and semi-trailers
95319Other maintenance and repair of motor vehicles
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.