Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MDZ - PROJECTS from Knokke-Heist, company number BE0480106250, closed financial year 2024 with a result of € 282,377 after tax. For that financial year MDZ - PROJECTS recorded a gross margin of € 477,399 and equity of € 2.3 million. Compared with financial year 2023, the result moved from € 216,282 to € 282,377. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 2.3 million
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 282,377
▲ 31% vs 2023
Profit after tax over the fiscal year.
€ 6,678
▼ 81% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.3 million.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
€ 22,610
▲ 99% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 165,975
▲ 5% vs 2023
Loans from banks and other lenders, long and short.
€ 212,646
▲ 56% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 136,817
▼ 55% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 310,221 | € 690,061 | € 338,964 | € 477,399 | ▲ 41% |
| Profit after taxes | € 131,351 | € 452,059 | € 216,282 | € 282,377 | ▲ 31% |
| Equity | € 1,493,856 | € 1,895,915 | € 2,062,197 | € 2,344,574 | ▲ 14% |
| Total debts | € 403,257 | € 880,405 | € 735,839 | € 635,119 | ▼ 14% |
| Cash | € 21,366 | € 241,015 | € 35,590 | € 6,678 | ▼ 81% |
| Land & buildings | € 29,697 | € 14,465 | € 1,438 | € 1,380 | ▼ 4% |
| Retained profit | € 1,481,456 | € 1,883,515 | € 2,049,797 | € 2,332,174 | ▲ 14% |
| Dividend | € 0 | € 50,000 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 99,467 | € 33,290 | € 157,711 | € 165,975 | ▲ 5% |
| Balance sheet total | € 1,897,113 | € 2,776,320 | € 2,798,036 | € 2,979,693 | ▲ 6% |
Key figures of MDZ - PROJECTS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MDZ - PROJECTS?
What happened at MDZ - PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 282,377 (▲ 31% vs 2023). filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 131,351 profit in 2021 to € 282,377 profit in 2024.
Paid € 564,187 in corporate taxes since 2021.
Best year ever: 2022, with € 452,059 profit.
Paid out € 100,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MDZ - PROJECTS is MICHAEL DE ZUTTER.
Directors
According to the 2024 annual accounts
MICHAEL DE ZUTTER
Director
Establishments
Establishment units
Physical locations of this company
Zeedijk-Knokke 715 box 5
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.106.250
- VAT number
- BE 0480.106.250
- Registered office
- Zeedijk-Knokke 715 bus 5, 8300 Knokke-Heist
- Names & denominations
- MDZ - PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2003
- Peppol
- Active · Active since 8 May 2025
- Activities · NACE
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