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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MD LOGIC from Ieper, company number BE0789325820, closed financial year 2025 with a result of € 15,971 after tax. For that financial year MD LOGIC recorded a gross margin of € 56,941 and equity of € 5,000. Compared with financial year 2024, the result moved from € 26,097 to € 15,971. The company is profitable. The buffer shrank hard: equity is 94 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 22, 2026.
€ 5,000
▼ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,971
▼ 39% vs 2024
Profit after tax over the fiscal year.
€ 4,687
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 95,944 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 71,684
▼ 20% vs 2024
Of which on lease € 71,684.
Debts at end 2025
€ 283,619
▲ 222% vs 2024
€ 25,118 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 40,651
▲ € 38,937 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,905
▲ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 27,665 | € 58,337 | € 51,014 | € 56,941 | ▲ 12% |
| Profit after taxes | € 21,848 | € 45,328 | € 26,097 | € 15,971 | ▼ 39% |
| Equity | € 26,048 | € 58,875 | € 84,973 | € 5,000 | ▼ 94% |
| Total debts | € 14,079 | € 111,383 | € 95,815 | € 429,120 | ▲ € 333,305 |
| Cash | € 15,780 | € 31,092 | € 19,401 | € 4,687 | ▼ 76% |
| Land & buildings | - | - | - | € 237,108 | |
| Retained profit | € 21,048 | € 53,875 | € 79,973 | € 0 | ▼ 100% |
| Dividend | € 800 | € 12,500 | € 0 | € 95,944 | |
| Bank debt | € 0 | € 88,114 | € 88,131 | € 283,619 | ▲ 222% |
| Balance sheet total | € 40,126 | € 170,259 | € 180,787 | € 434,120 | ▲ 140% |
Key figures of MD LOGIC, 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 MD LOGIC?
What happened at MD LOGIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15,971 (▼ 39% vs 2024). Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,848 profit in 2022 to € 15,971 profit in 2025.
Paid € 31,374 in corporate taxes since 2022.
Best year ever: 2023, with € 45,328 profit.
Paid out € 109,244 in dividends to the owners in total.
Management
Behind MD LOGIC is Matthias Degels.
Directors
According to the 2025 annual accounts
Matthias Degels
Director
Establishments
Establishment units
Physical locations of this company
Jaagpad 4
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0789.325.820
- VAT number
- BE 0789.325.820
- Registered office
- Jaagpad 4, 8900 Ieper
- Names & denominations
- MD LOGIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2022
- Peppol
- Active · Active since 20 Oct 2026
- Activities · NACE
Activiteiten van hoofdkantoren