Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2020 and 2021.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2021; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2021
MD DISTRIBUTION from Bernissart, company number BE0441815402, closed financial year 2021 with a result of € -89,965 after tax. For that financial year MD DISTRIBUTION recorded a gross margin of € 14,234 and equity of € -172,358. Compared with financial year 2020, the result moved from € -43,864 to € -89,965. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2022.
€ -172,358
▼ € 89,965 vs 2020
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,965
▼ 105 % more loss than in 2020
Profit after tax over the fiscal year.
€ 3,086
▲ 70% vs 2020
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -272,358.
People and assets in 2021
2.5
▼ 0.1 vs 2020
Average over the fiscal year, from the social balance sheet.
€ 74,143
▲ 14% vs 2020
€ 29,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2021
€ 78,311
▼ 27% vs 2020
€ 21,885 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 53,213
▲ 15% vs 2020
Supplier invoices still open on the last day of the fiscal year.
€ 89,073
▲ 60% vs 2020
Taxes, VAT and social contributions still to pay.
| 2020 | 2021 | Change 2020 → 2021 | |
|---|---|---|---|
| Gross margin | € 59,665 | € 14,234 | ▼ 76% |
| Profit after taxes | € -43,864 | € -89,965 | ▼ € 46,101 |
| Equity | € -82,393 | € -172,358 | ▼ € 89,965 |
| Total debts | € 349,277 | € 359,766 | ▲ 3% |
| Cash | € 1,810 | € 3,086 | ▲ 70% |
| Land & buildings | € 146,169 | € 128,316 | ▼ 12% |
| Retained profit | € -182,393 | € -272,358 | ▼ € 89,965 |
| Bank debt | € 107,027 | € 78,311 | ▼ 27% |
| Balance sheet total | € 266,884 | € 187,408 | ▼ 30% |
| Employees (FTE) | 2.6 | 2.5 | ▼ 0.1 |
Key figures of MD DISTRIBUTION, fiscal years 2020 to 2021, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2022 has not been filed yet; it was expected before 31 July 2023.
What happened to MD DISTRIBUTION?
What happened at MD DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MD DISTRIBUTION is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2021: loss of € 89,965. filed late Source: NBB ↗
- New establishment in Bernissart. KBO
- New establishment in Bernissart. KBO
- Start of the company according to the CBE. KBO
In short
From € 43,864 loss in 2020 to € 89,965 loss in 2021.
Paid € 132 in corporate taxes since 2020.
On average € 5,700 of value added per employee in 2021.
Management
Behind MD DISTRIBUTION is Julien WLOMAINCK.
Directors
According to the 2021 annual accounts
Julien WLOMAINCK
Director
Establishments
Establishment units
Physical locations of this company
Quartier de la Gare(BLA) 3C
7321 Bernissart
Quartier de la Gare(BLA) 3 box C
7321 Bernissart
Active since 12 November 1990
Place Emile Royer(BLA) 11
7321 Bernissart
Active since 1 August 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.815.402
- VAT number
- BE 0441.815.402
- Registered office
- Quartier de la Gare(BLA) 3C, 7321 Bernissart
- Names & denominations
- MD DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 26 June 1990
- Peppol
- Not registered
- Activities · NACE
Detailhandel in dranken, algemeen assortiment
Detailhandel in alcoholische en andere dranken
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in groenten en fruit
Detailhandel in brood-, banketbakkerswerk en suikerwerk