ACTIVE

MDN

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Financial year 2025 · closed on 31/12/2025
Net result
5,7 k €
-62.1% YoY
Gross margin
49 k €
+7.0% YoY
Equity
27,9 k €
+25.8% YoY

What does MDN do?

MDN is a Private limited company incorporated in 2018. Its main activity is: Freight transport by road. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0690.676.523
Incorporation
16/02/2018
Legal form
Private limited company
Registered office
Sneeuwbeslaan 4 box 1
2610 Antwerpen · FlandreSee on map
Contributed capital
18 660,00 €
Latest accounts
31/12/2025
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin49 k €45,8 k €40,9 k €15,2 k €3,5 k €24,9 k €10 k €5,9 k €
EBITDA24,2 k €30,2 k €31,3 k €8,7 k €-12,9 k €15,9 k €2,7 k €625,6 €
Operating result12 k €21,7 k €25,5 k €-3,9 k €-24,6 k €1 k €-731,3 €228,6 €
Net result5,7 k €15,1 k €23,4 k €-5,6 k €-26,8 k €-1,6 k €-1,1 k €129 €
Balance sheet
Equity27,9 k €22,2 k €7,1 k €-16,3 k €-10,7 k €16,1 k €17,6 k €18,8 k €
Total assets77,7 k €81,7 k €39,9 k €37,5 k €38,6 k €73,3 k €39,1 k €33,9 k €
Cash3,3 k €2 k €18,8 k €107,8 €284,1 €17,9 k €2,3 k €170,1 €
Debts49,8 k €59,5 k €32,8 k €53,8 k €49,3 k €57,2 k €21,5 k €15,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Dragana Nezirovich

Director

Active
Miki Nezirovich

Director

Active

Ended mandates

Dragana Nezirovich

Mandate

Ended
Dragana Nezirovich

Manager

Ended
Mimes Nezirovich

Mandate

Ended
Mirnes Nezirovich

Director

Ended
At this address

Other companies at this address

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De Pomerans VZW● Active
0804.705.961
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202620/06/202528/06/202402/10/202330/09/202231/08/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/06/202608/06/2026DutchPDF
Micro model31/12/202407/06/202520/06/2025DutchPDF
Micro model31/12/202301/06/202428/06/2024DutchPDF
Micro model31/12/202203/06/202302/10/2023DutchPDF
Micro model31/12/202104/06/202230/09/2022DutchPDF
Micro model31/12/202005/06/202131/08/2021DutchPDF
Micro model31/12/201906/06/202013/07/2020DutchPDF
Micro model31/12/201801/06/201914/06/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Dragana Nezirovich

Director

Active
Miki Nezirovich

Director

Active

Ended mandates

Dragana Nezirovich

Mandate

Ended
Dragana Nezirovich

Manager

Ended
Mimes Nezirovich

Mandate

Ended
Mirnes Nezirovich

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/10/2025
    Ontslag bestuurder
    PDF
  • Registered office12/06/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office29/06/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/02/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20255,7 k €↓
  2. 2024
    Annual accounts 202415,1 k €↓
  3. 2023
    Annual accounts 202323,4 k €↑
  4. 2022
    Annual accounts 2022-5,6 k €↑
  5. 2021
    Annual accounts 2021-26,8 k €↓
  6. 2020
    Annual accounts 2020-1,6 k €↓
  7. 2019
    Annual accounts 2019-1,1 k €↓
  8. 2018
    Annual accounts 2018129 €
  9. 16/02/2018
    IncorporationPrivate limited company