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 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MDZS from Izegem, company number BE0779501797, closed financial year 2025 with a result of € 6,667 after tax. For that financial year MDZS recorded a gross margin of € 538,476 and equity of € 49,789. Compared with financial year 2024, the result moved from € 9,836 to € 6,667. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 49,789
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,667
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 46,607
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 44,789.
People and assets in 2025
€ 417,930
▲ 77% 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.
€ 294,245
▲ 2% vs 2024
Of which on lease € 6,344.
Debts at end 2025
€ 158,935
▼ 13% vs 2024
€ 65,369 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 97,664
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,699
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 186,428 | € 328,149 | € 538,476 | ▲ 64% |
| Profit after taxes | € 28,287 | € 9,836 | € 6,667 | ▼ 32% |
| Equity | € 33,287 | € 43,122 | € 49,789 | ▲ 15% |
| Total debts | € 244,266 | € 543,765 | € 547,177 | ▲ 1% |
| Cash | € 16,467 | € 25,472 | € 46,607 | ▲ 83% |
| Retained profit | € 28,287 | € 38,122 | € 44,789 | ▲ 17% |
| Bank debt | € 118,536 | € 183,076 | € 158,935 | ▼ 13% |
| Balance sheet total | € 277,553 | € 586,888 | € 596,966 | ▲ 2% |
By gross margin, MDZS ranks 17th of 114 companies with main activity “Overige posterijen en koeriers” in West Flanders that publish figures (fiscal year 2025).
Key figures of MDZS, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
Ask about MDZS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MDZS?
What happened at MDZS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,667 (▼ 32% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- MIRSAD ZENKOVIC became a director. NBB
In short
From € 28,287 profit in 2023 to € 6,667 profit in 2025.
Paid € 5,015 in corporate taxes since 2023.
Best year ever: 2023, with € 28,287 profit.
Management
Behind MDZS is MIRSAD ZENKOVIC.
Directors
According to the 2025 annual accounts
MIRSAD ZENKOVIC
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Zuidkaai 40 box 3
8870 Izegem
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 →MATTMATT
€ 544,971 gross margin · 2025
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€ 249,785 gross margin · 2025
LAURENT GHEKIERE TRANSPORT
€ 71,015 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.
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Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- ZENKOVIC Mirsad(oprichter) 100%
Details
- Company number
- 0779.501.797
- VAT number
- BE 0779.501.797
- Registered office
- Zuidkaai 40 bus 3, 8870 Izegem
- Names & denominations
- MDZS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2021
- Peppol
- Active · Active since 9 Jan 2026
- Contact
- mdzs.be +32(0)488 636 951
- Activities · NACE
Overige posterijen en koeriers
Goederenvervoer over de weg
Overige niet-gespecialiseerde detailhandel
Carrosserieherstelling (inclusief spuiten en verven)
Andere reinigingsactiviteiten
Groothandel in andere motorvoertuigen (> 3,5 ton)
Groothandel in aanhangwagens, opleggers en caravans
Detailhandel in onderdelen en accessoires van motorvoertuigen
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