Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 2.6 to 0.
Financials
Financial year 2025
MDO Utilities from Zottegem, company number BE0737966694, closed financial year 2025 with a result of € -70,641 after tax. For that financial year MDO Utilities recorded a gross margin of € 13,198 and equity of € 77,355. Compared with financial year 2024, the result moved from € -61,417 to € -70,641. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 77,355
▼ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,641
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 67,150
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -117,916.
People and assets in 2025
0
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 24,748
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 232
▼ 61% 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 | € 253,966 | € 218,496 | € 868 | € 13,198 | ▲ € 12,331 |
| Profit after taxes | € 11,680 | € 12,462 | € -61,417 | € -70,641 | ▼ € 9,224 |
| Equity | € 196,951 | € 209,413 | € 147,996 | € 77,355 | ▼ 48% |
| Total debts | € 117,748 | € 100,733 | € 48,714 | € 43,932 | ▼ 10% |
| Cash | € 23,486 | € 30,928 | € 49,864 | € 67,150 | ▲ 35% |
| Retained profit | € 1,680 | € 14,142 | € -47,275 | € -117,916 | ▼ € 70,641 |
| Dividend | € 10,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 6,694 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 314,699 | € 310,146 | € 196,710 | € 121,287 | ▼ 38% |
| Employees (FTE) | 3.4 | 2.6 | 1 | 0 | ▼ 1 |
Key figures of MDO Utilities, 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 MDO Utilities?
What happened at MDO Utilities in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70,641. Source: NBB ↗
- New establishment in Zottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,680 profit in 2022 to € 70,641 loss in 2025.
Paid € 917 in corporate taxes since 2022.
Best year ever: 2023, with € 12,462 profit.
On average € 900 of value added per employee in 2024.
A new publication or filing at MDO Utilities? We notify you, reason included.
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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
The stake of MDO GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MDO UtilitiesBehind MDO Utilities are EWS Solutions BV and Hermes Solutions BV. The shares are held by MDO GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Ewout SPEECKE
Also active at: MDO Move, MDO Technics Belgium, MDO GROUP
Director · represented by Sander SPEECKE
Also active at: MDO Move, MDO Technics Belgium, MDO GROUP
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ballingsweg 9
9620 Zottegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0737.966.694
- VAT number
- BE 0737.966.694
- Registered office
- Ballingsweg 9, 9620 Zottegem
- Names & denominations
- MDO Utilities
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2019
- Peppol
- Active · Active since 16 Jul 2026
- Activities · NACE
Sanitaire werkzaamheden
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Algemene bouw van andere niet-residentiële gebouwen