Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for POP MD according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €165k and a net result of €60k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events11-08-2026
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-03-2025, 122 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 31-03-2025 | 122 d early | 2025-00058597 |
| 31-12-2023 | 31-07-2024 | 07-10-2024 | 68 d late | 2024-00504170 |
| 31-12-2022 | 31-07-2023 | 03-07-2023 | 28 d early | 2023-00189242 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€736k+17.8%
EBIT margin12.8%-1.8pp
Net result€60k-11.6%
Working capital€119k+190.4%
Directors1
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-03-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.8% | 39.5% | |
| Net result | €60k | €9k | |
| Equity | €165k | €29k | |
| Gross operating margin | €168k | €26k | |
| Staff costs | €381 | €16k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P50
Stable position over 2022-2024
· n=2276-3838
P92
Stable position over 2022-2024
· n=2270-3834
P94
Improving position over 2022-2024
· n=2281-3843
P94
Improving position over 2022-2024
· n=2264-3831
Describes the position versus peers, not a forecast.
€736k
+17.8%
22-24
€158k
+34.3%
22-24
€60k
-11.6%
22-24
€124k
+31.5%
22-24
€416k
+64.9%
22-24
€165k
+57.1%
22-24
€119k
+190.4%
22-24
€381
+13.3%
22-24
Show 13 other metrics
€24k
+9.2%
22-24
€250k
+70.5%
22-24
€111k
+1.4%
22-24
€140k
+269.9%
22-24
2.07
+50.8%
22-24
2.07
+50.8%
22-24
39.8%
-4.7%
22-24
1.52
+8.5%
22-24
36.4%
-43.7%
22-24
14.5%
-46.4%
22-24
8.2%
-24.9%
22-24
21.4%
+14.0%
22-24
16.16
-83.7%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €736k |
| EBITDA | €158k |
| Net profit | €60k |
| Cash flow | €124k |
| Staff costs | €381 |
| Income taxes | €24k |
| Dividends | - |
| Total assets | €416k |
| Equity | €165k |
| Debt | €250k |
| of which ≤ 1y | €111k |
| of which > 1y | €140k |
| Working capital | €119k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.07 |
| Quick ratio | 2.07 |
| Working capital ratio | 28.5% |
| Solvency | 39.8% |
| Debt / equity | 1.52 |
| Long-term debt ratio | 0.85 |
| Interest coverage | 16.16 |
| Gross margin | 20.9% |
| Net margin | 8.2% |
| ROA | 14.5% |
| ROE | 36.4% |
| EBITDA margin | 21.4% |
| Days sales outstanding | 66d |
| Days payable outstanding | 5d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €416k |
| Fixed assets | 21/28 | €187k |
| Tangible fixed assets | 22/27 | €187k |
| Current assets | 29/58 | €229k |
| Amounts receivable within one year | 40/41 | €154k |
| Cash & bank | 54/58 | €72k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €416k |
| Equity | 10/15 | €165k |
| Accumulated profits (losses) | 14 | €165k |
| Amounts payable | 17/49 | €250k |
| Amounts payable after one year | 17 | €140k |
| Amounts payable within one year | 42/48 | €111k |
| Trade debts payable within one year | 44 | €9k |
| Income statement | ||
| Turnover | 70 | €736k |
| Gross operating margin | 9900 | €168k |
| Operating result | 9901 | €94k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €10k |
| Result before taxes | 9903 | €84k |
| Income taxes | 67/77 | €24k |
| Net result for the period | 9904 | €60k |
| Result to be appropriated | 9905 | €60k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed24
/ 100
Critical
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
4 directors5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
CAPRA VictorDirectorState Gazette act 25095225 (25-07-2025)Current25-07-2025 → present
-
GHERCIU lonDirectorState Gazette act 25024440 (19-02-2025)Current10-02-2025 → present
Former directors (2)
-
GHERCIUDirectorState Gazette act 25095225 (25-07-2025)Former- → 25-07-2025
-
POPOVICI SergeDirectorState Gazette act 25024440 (19-02-2025)Former- → 10-02-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
30-07-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 22-09-2021 |
| Status | Active |
| Postal code | - |
| First BS signal | 11-08-2026 |
| Latest BS signal | 11-08-2026 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationPOP MD
since 20212.324.958.752
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area290 m²
Buildings2
Building footprint171 m²
Volume (LiDAR)1,830 m³
Tallest building16.4 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0402/00C013 | Brussels | 213 m² | 1 · 94 m² | 14.8 m · 4 fl. |
| 21007A0062/00F015 | Brussels | 77 m² | 1 · 77 m² | 16.4 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette11-08-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
3 acts Capital history · 1
19-02-2025
Capital change
Address history · 1
22-04-2022
Registered-office move
All acts · 3
updated 1 year ago
2025
25-07-2025 1 director appointed, 1 resigning
- CAPRA Victor, Bestuurder
- GHERCIU, Bestuurder
19-02-2025 All shares are now held by a single shareholder
2022
22-04-2022 Registered office moved within Sint-Pieters-Leeuw
- Bergensesteenweg 421/13, 1600 Sint-Pieters-Leeuw → Bergensesteenweg 24/8, 1600 Sint-Pieters-Leeuw
Analysis
Financial profile
5 of 5 axes measured56
/ 100
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
89
Solvency
84
Growth
85
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 5,400 of the 29,581 companies in this sector. 3,833 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Schilderen van gebouwen43341Schilderen van gebouwen43341Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
| Legal nameNL | POP MD |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.