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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARKETING COMMERCIAL DEVELOPPEMENT SERVICES from Nandrin, company number BE0647750558, closed financial year 2025 with a result of € 94,528 after tax. For that financial year MARKETING COMMERCIAL DEVELOPPEMENT SERVICES recorded a gross margin of € 104,776 and equity of € 189,960. Compared with financial year 2024, the result moved from € 62,565 to € 94,528. 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 July 10, 2026.
€ 189,960
▲ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 94,528
▲ 51% vs 2024
Profit after tax over the fiscal year.
€ 42,659
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 21,346 paid out
23 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 489
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52,635
▼ 27% vs 2024
€ 20,390 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2,570
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,513
▼ 35% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,520 | € 58,987 | € 79,966 | € 104,776 | ▲ 31% |
| Profit after taxes | € 14,589 | € 34,164 | € 62,565 | € 94,528 | ▲ 51% |
| Equity | € 35,320 | € 69,484 | € 116,779 | € 189,960 | ▲ 63% |
| Total debts | € 42,894 | € 304,095 | € 248,094 | € 171,598 | ▼ 31% |
| Cash | € 38,211 | € 42,377 | € 39,055 | € 42,659 | ▲ 9% |
| Retained profit | € 16,720 | € 50,884 | € 98,179 | € 171,360 | ▲ 75% |
| Dividend | € 23,529 | € 0 | € 15,270 | € 21,346 | ▲ 40% |
| Bank debt | € 0 | € 90,923 | € 72,183 | € 52,635 | ▼ 27% |
| Balance sheet total | € 78,214 | € 373,579 | € 364,873 | € 361,558 | ▼ 1% |
Key figures of MARKETING COMMERCIAL DEVELOPPEMENT SERVICES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MARKETING COMMERCIAL DEVELOPPEMENT SERVICES?
What happened at MARKETING COMMERCIAL DEVELOPPEMENT SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 94,528 (▲ 51% vs 2024). Source: NBB ↗
- New establishment in Nandrin. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,589 profit in 2022 to € 94,528 profit in 2025.
Paid € 75,355 in corporate taxes since 2022.
Best year ever: 2025, with € 94,528 profit.
Paid out € 60,145 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 MARKETING COMMERCIAL DEVELOPPEMENT SERVICES is Bernard LEDUC. It owns 10% of Ets. PUGH & C° International itself.
Directors
According to the 2025 annual accounts
Bernard LEDUC
Managing director
Establishments
Establishment units
Physical locations of this company
El Rowe 25
4550 Nandrin
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0647.750.558
- VAT number
- BE 0647.750.558
- Registered office
- El Rowe 25, 4550 Nandrin
- Names & denominations
- MARKETING COMMERCIAL DEVELOPPEMENT SERVICES · MCDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 2016
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- mcds.be
- Activities · NACE
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