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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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MDB PROJECTS from Ledegem, company number BE0477815961, closed financial year 2023 with a result of € 507,096 after tax. For that financial year MDB PROJECTS recorded a gross margin of € 2 million and equity of € 3.3 million. Compared with financial year 2022, the result moved from € 399,395 to € 507,096. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2024.
€ 3.3 million
▲ 18% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 507,096
▲ 27% vs 2022
Profit after tax over the fiscal year.
€ 210,840
▲ € 188,030 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -1.2 million.
People and assets in 2023
1
▼ 0.8 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 30,802
▼ 60% vs 2022
€ 30,800 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 2023
€ 2.7 million
▼ 13% vs 2022
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ 27% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 1.3 million
▲ 47% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 1,668,369 | € 2,300,585 | € 1,989,155 | ▼ 14% |
| Profit after taxes | € 289,524 | € 399,395 | € 507,096 | ▲ 27% |
| Equity | € 2,346,877 | € 2,746,272 | € 3,253,367 | ▲ 18% |
| Total debts | € 8,578,367 | € 7,774,023 | € 8,515,819 | ▲ 10% |
| Cash | € 162,582 | € 22,810 | € 210,840 | ▲ € 188,030 |
| Land & buildings | € 10,435,353 | € 9,557,800 | € 8,680,245 | ▼ 9% |
| Retained profit | € -2,997,182 | € -2,157,615 | € -1,210,348 | ▲ € 947,267 |
| Bank debt | € 4,581,191 | € 3,074,052 | € 2,667,637 | ▼ 13% |
| Balance sheet total | € 10,925,243 | € 10,520,295 | € 11,769,186 | ▲ 12% |
| Employees (FTE) | 1.8 | 1.8 | 1 | ▼ 0.8 |
Key figures of MDB PROJECTS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MDB PROJECTS?
What happened at MDB PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MDB PROJECTS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 507,096 (▲ 27% vs 2022). filed late Source: NBB ↗
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 289,524 profit in 2021 to € 507,096 profit in 2023.
Paid € 903,865 in corporate taxes since 2021.
Best year ever: 2023, with € 507,096 profit.
On average € 2 million of value added per employee in 2023.
Establishments
Establishment units
Physical locations of this company
Provinciebaan 51
8880 Ledegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →ATHINA IMPORT EXPORT
€ 51,294 gross margin · 2025
GADEX
€ -3,343 gross margin · 2023
Demeulenaere Stefaan
BUREAU D
€ 24,440 gross margin · 2025
BC 51
€ 11,799 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.815.961
- VAT number
- BE 0477.815.961
- Registered office
- Provinciebaan 51, 8880 Ledegem
- Names & denominations
- MDB PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 21 June 2002
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Beheer van overig onroerend goed
Beheer van residentiële gebouwen