MDV DEVELOPMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 8018 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €16k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
16 d early
2023
6 d late
2022
on the day
2020
16 d early
2019
21 d late
2018
12 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 47.1%
2024 · €11k
2018: €445k
2019: €427k
2020: €376k
2022: €6k
2023: €11k
2024: €11k
2018 → 2025
Net result
€5k▲ 1,364%
2024 · €360
2018: €885
2019: €-18k
2020: €-51k
2022: €3k
2023: €5k
2024: €360
2018 → 2025
Total assets
€19.56M=
2024 · €19.55M
2018: €647k
2019: €603k
2020: €376k
2022: €478k
2023: €19.58M
2024: €19.55M
2018 → 2025
Solvency
0.1%=
2024 · 0.1%
2018: 68.9%
2019: 70.8%
2020: 100.0%
2022: 1.2%
2023: 0.1%
2024: 0.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€376k-€6k▼ 98.5%€11k▲ 88.3%€11k▲ 3.3%€16k▲ 47.1%
Operating result€-47k-€7k€22k▲ 226%€821▼ 96.3%€6k▲ 668%
Net result€-51k-€3k€5k▲ 87.6%€360▼ 92.9%€5k▲ 1,364%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 668% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.56M
Fixed assets
€19.53M=
Current assets
€31k▲ 44.2%
Equity and liabilities €19.56M
Equity
€16k▲ 47.1%
Debt
€19.54M=
The debt ratio stays at 99.9%.
Key figures and ratios
Solvency
0.1%▲
2024 · 0.1%
ROE
32.0%▲
2024 · 3.2%
ROA
0.0%▲
2024 · 0.0%
Debt
€19.54M=
2024 · €19.54M
Debt ≤ 1 year
€1k▲
2024 · €472
Debt > 1 year
€19.54M=
2024 · €19.54M
Income taxes
€857▲
2024 · €310
A ratio outside any meaningful range has been withheld (balance sheet total €19.56M, equity €16k).
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€19.55M€19.56M=
Fixed assets21/28€19.53M€19.53M=
Tangible fixed assets22/27€2k€867▼
Furniture and vehicles24€2k€867▼
Financial fixed assets28€19.53M€19.53M=
Current assets29/58€21k€31k▲
Amounts receivable within one year40/41€8k€8k▲
Trade receivables40€8k€8k▲
Other amounts receivable41€424€497▲
Cash at bank and in hand54/58€11k€21k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€19.55M€19.56M=
Equity10/15€11k€16k▲
Contributions10/11€3k€3k=
Reserves13€9k€14k▲
Distributable reserves133€9k€14k▲
Amounts payable17/49€19.54M€19.54M=
Amounts payable after more than one year17€19.54M€19.54M=
Financial debts170/4€19.54M€19.54M=
Amounts payable within one year42/48€472€1k▲
Trade debts44€23€275▲
Suppliers440/4€23€275▲
Taxes, remuneration and social security45€449€1k▲
Taxes450/3€449€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€3k€9k▲
Operating profit (loss)9901€821€6k▲
Financial charges65/66B€150€173▲
Recurring financial charges65€150€173▲
Profit (loss) for the period before taxes9903€671€6k▲
Income taxes67/77€310€857▲
Profit (loss) for the period9904€360€5k▲
Profit (loss) for the period to be appropriated9905€360€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€360€5k▲
Transfer to equity691/2€360€5k▲
To other reserves6921€360€5k▲
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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €5k ▲1364%
Net result €5k, the highest in the series.
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 26current ratio 44.89
Current ratio from 1.71 to 44.89; short-term debt falls from €27k to €472.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 753current ratio 11275.31
Current ratio from 14.98 to 11275.31; short-term debt falls from €27k to €33.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 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.
Beneluxpark(Kor) 268500 KortrijkGround area
1.1 ha
Building footprint
3,566 m²
Parcel 34354D0456/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
MDV Development
since 20112.278.345.106
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0456/00A000 | Flanders | 1.1 ha | 1 · 3,566 m² | 0.0 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
2023 · 1 entry · 1,711 EUR awarded · 1,711 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,711 EUR | 1,711 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 6,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2011
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.