Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MDMG from Frameries, company number BE0742572612, closed financial year 2025 with a result of € -530 after tax. For that financial year MDMG recorded a gross margin of € 27,443 and equity of € -31,654. Compared with financial year 2024, the result moved from € 3,455 to € -530. 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 20, 2026.
€ -31,654
▼ € 530 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -530
▼ still € 3,455 profit in 2024
Profit after tax over the fiscal year.
€ 8,742
▲ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -36,654.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,622
▼ 4% vs 2024
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 2025
None
No bank loans on the last day of the fiscal year.
€ 275
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,611
▲ 87% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,207 | € 13,011 | € 32,576 | € 27,443 | ▼ 16% |
| Profit after taxes | € -9,042 | € -5,289 | € 3,455 | € -530 | ▼ € 3,985 |
| Equity | € -29,291 | € -34,580 | € -31,125 | € -31,654 | ▼ € 530 |
| Total debts | € 31,971 | € 39,578 | € 38,832 | € 41,489 | ▲ 7% |
| Cash | € 1,715 | € 4,063 | € 5,996 | € 8,742 | ▲ 46% |
| Retained profit | € -34,291 | € -39,580 | € -36,125 | € -36,654 | ▼ € 530 |
| Balance sheet total | € 2,681 | € 4,998 | € 7,707 | € 9,835 | ▲ 28% |
Key figures of MDMG, 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 MDMG?
What happened at MDMG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 530 (▼ € 3,985 vs 2024). filed late Source: NBB ↗
- New establishment in Frameries. KBO
- Melissa Fornarello became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,042 loss in 2022 to € 530 loss in 2025.
Best year ever: 2024, with € 3,455 profit.
Management
Behind MDMG is Melissa Fornarello.
Directors
According to the 2025 annual accounts
Melissa Fornarello
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rue Albert Ier 23
7080 Frameries
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0742.572.612
- VAT number
- BE 0742.572.612
- Registered office
- Rue Albert Ier 23, 7080 Frameries
- Names & denominations
- MDMG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 2020
- Peppol
- Active · Active since 12 Mar 2025
- Contact
- [email protected]
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