ALPHAMEDIS
ActiveSummary
ALPHAMEDIS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €951,661 and a net result of -€424,537. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 163 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0=
Solvency69▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.78 in 2025; short-term debt: 53.2% and cash: 22.7% of total assets), but 55.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1819202122232526
2018 to 2026 · latest year -€424,537
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 17-09-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
44 d early
2025
43 d early
2023
107 d early
2022
96 d early
2021
110 d early
2020
87 d early
2019
81 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€424,537▲ 12.0%
2025 · -€482,638
Working capital
€956,946▼ 30.8%
2025 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320252026
Operating result€800,852▲ 4.8%€233,937▼ 70.8%-€152,100-€462,784--€400,302▲ 13.5%
Net result€570,792within the sector's middle half▲ 5.0%€72,888within the sector's middle half▼ 87.2%-€166,193below the sector's middle half-€482,638below the sector's middle half--€424,537▲ 12.0%
Equity€2.4mwithin the sector's middle half▲ 32.0%€2.4mwithin the sector's middle half▲ 3.1%€1.9mwithin the sector's middle half▼ 23.3%€1.4mwithin the sector's middle half-€951,661▼ 30.8%
Total assets€3.2mwithin the sector's middle half▼ 12.9%€3.1mwithin the sector's middle half▼ 0.6%€2.5mwithin the sector's middle half▼ 20.1%€2.2mwithin the sector's middle half-€2.2m▼ 2.1%
Debt€802,393▼ 56.4%€711,276▼ 11.4%€646,098▼ 9.2%€808,916-€1.2m▲ 46.7%
Working capital€2.3mwithin the sector's middle half▲ 33.4%€2.4mwithin the sector's middle half▲ 0.7%€1.8mwithin the sector's middle half▼ 22.3%€1.4mwithin the sector's middle half-€956,946▼ 30.8%
Solvency74.6%above the sector's middle half▲ 25.4pp77.3%above the sector's middle half▲ 2.8pp74.2%above the sector's middle half▼ 3.1pp62.4%within the sector's middle half-44.1%▼ 18.3pp
Current ratio4.15above the sector's middle half▲ 2.184.40above the sector's middle half▲ 0.254.01above the sector's middle half▼ 0.392.78within the sector's middle half-1.83▼ 0.95
Return on assets (ROA)18.1%above the sector's middle half▲ 3.1pp2.3%within the sector's middle half▼ 15.8pp-6.6%below the sector's middle half▼ 9.0pp-21.9%below the sector's middle half--19.7%▲ 2.2pp
Staff (FTE)20.7within the sector's middle half▲ 0.5%20.7within the sector's middle half=18.8within the sector's middle half▼ 9.2%19.9within the sector's middle half-21.5▲ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €400,302 in 2026 against €462,784 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.2m
Fixed assets
€52,917 ▲ 21.6%
Current assets
€2.1m ▼ 2.5%
Equity and liabilities €2.2m
Equity
€951,661 ▼ 30.8%
Provisions
€20,147 ▲ 7.1%
Debt
€1.2m ▲ 46.7%
Debt's share of the balance-sheet total rises from 36.7% to 55.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€381,444▲
2025 · -€439,597
Cash flow
-€405,679▲
2025 · -€459,451
Quick ratio
1.36▼
2025 · 2.09
Debt to equity
1.25▲
2025 · 0.59
ROE
-44.6%▼
2025 · -35.1%
Interest coverage
-18.75▲
2025 · -27.43
Debt ≤ 1 year
€1.1m▲
2025 · €776,949
Income taxes
€4,350▲
2025 · €4,262
Staff costs
€1.7m▼
2025 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €126,464 | €2,055 | €1,240 | €0 | - | - |
| Remuneration, social security and pensions62 | €1.6m | €1.6m | €1.6m | €2.0m | €1.7m | ▼ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,100 | €17,338 | €23,415 | €23,187 | €18,858 | ▼ 18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €989 | €310,189 | -€200,529 | -€5,743 | -€10,453 | ▼ 82.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €18,803 | €1,344 | ▼ 92.9% |
| Other operating charges640/8 | €13,022 | €17,786 | €30,272 | €145,369 | €30,373 | ▼ 79.1% |
| Non-recurring operating charges66A | €104,076 | €191 | €0 | - | - | - |
| Gross operating margin9900 | €2.5m | €2.2m | €1.3m | €1.7m | €1.3m | ▼ 20.7% |
| Operating profit (loss)9901 | €800,852 | €233,937 | -€152,100 | -€462,784 | -€400,302 | ▲ 13.5% |
| Financial income75/76B | €411 | €14 | €259 | €437 | €457 | ▲ 4.5% |
| Recurring financial income75 | €411 | €14 | €259 | €437 | €457 | ▲ 4.5% |
| Financial charges65/66B | €10,448 | €10,645 | €11,235 | €16,029 | €20,342 | ▲ 26.9% |
| Recurring financial charges65 | €10,448 | €10,645 | €11,235 | €16,029 | €20,342 | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | €790,815 | €223,306 | -€163,076 | -€478,376 | -€420,187 | ▲ 12.2% |
| Income taxes67/77 | €220,023 | €150,419 | €3,117 | €4,262 | €4,350 | ▲ 2.1% |
| Profit (loss) for the period9904 | €570,792 | €72,888 | -€166,193 | -€482,638 | -€424,537 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €570,792 | €72,888 | -€166,193 | -€482,638 | -€424,537 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.1m | €2.5m | €2.2m | €2.2m | ▼ 2.1% |
| Fixed assets21/28 | €67,851 | €83,853 | €62,778 | €43,511 | €52,917 | ▲ 21.6% |
| Intangible fixed assets21 | €378 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €51,423 | €67,803 | €46,728 | €27,461 | €36,867 | ▲ 34.3% |
| Plant, machinery and equipment23 | €438 | €17,157 | €14,970 | €12,312 | €19,292 | ▲ 56.7% |
| Furniture and vehicles24 | €33,067 | €35,376 | €19,950 | €9,310 | €15,916 | ▲ 71.0% |
| Other tangible fixed assets26 | €17,918 | €15,270 | €11,808 | €5,838 | €1,659 | ▼ 71.6% |
| Financial fixed assets28 | €16,050 | €16,050 | €16,050 | €16,050 | €16,050 | = |
| Current assets29/58 | €3.1m | €3.1m | €2.4m | €2.2m | €2.1m | ▼ 2.5% |
| Stocks and contracts in progress3 | €712,406 | €625,457 | €360,712 | €538,130 | €547,108 | ▲ 1.7% |
| Stocks30/36 | €712,406 | €625,457 | €360,712 | €538,130 | €547,108 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €2.0m | €1.8m | €1.7m | €1.1m | €1.1m | ▼ 3.2% |
| Trade receivables40 | €1.9m | €1.7m | €1.7m | €1.1m | €1.1m | ▼ 3.1% |
| Other amounts receivable41 | €31,382 | €105,303 | €22,602 | €667 | €312 | ▼ 53.1% |
| Cash at bank and in hand54/58 | €302,838 | €583,474 | €268,949 | €508,479 | €489,398 | ▼ 3.8% |
| Deferred charges and accrued income490/1 | €94,536 | €48,025 | €82,998 | €22,333 | €11,828 | ▼ 47.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.1m | €2.5m | €2.2m | €2.2m | ▼ 2.1% |
| Equity10/15 | €2.4m | €2.4m | €1.9m | €1.4m | €951,661 | ▼ 30.8% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €95,350 | €95,350 | €95,350 | €95,350 | €95,350 | = |
| Non-distributable reserves130/1 | €14,938 | €14,938 | €14,938 | €14,938 | €14,938 | = |
| Legal reserve130 | €14,938 | €14,938 | €14,938 | €14,938 | €14,938 | = |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | €42,912 | €42,912 | €42,912 | €42,912 | €42,912 | = |
| Profit (loss) carried forward14 | €2.1m | €2.2m | €1.6m | €1.2m | €732,311 | ▼ 36.7% |
| Provisions and deferred taxes16 | - | - | - | €18,803 | €20,147 | ▲ 7.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €18,803 | €20,147 | ▲ 7.1% |
| Pensions and similar obligations160 | - | - | - | €18,803 | €20,147 | ▲ 7.1% |
| Amounts payable17/49 | €802,393 | €711,276 | €646,098 | €808,916 | €1.2m | ▲ 46.7% |
| Amounts payable within one year42/48 | €743,283 | €693,311 | €608,828 | €776,949 | €1.1m | ▲ 47.8% |
| Trade debts44 | €554,642 | €537,265 | €426,825 | €538,806 | €816,913 | ▲ 51.6% |
| Suppliers440/4 | €554,642 | €537,265 | €426,825 | €538,806 | €816,913 | ▲ 51.6% |
| Taxes, remuneration and social security45 | €188,641 | €156,047 | €182,003 | €238,143 | €231,497 | ▼ 2.8% |
| Taxes450/3 | €17,521 | €9,013 | €0 | €3,475 | €11,185 | ▲ 222% |
| Remuneration and social security454/9 | €171,121 | €147,033 | €182,003 | €234,668 | €220,312 | ▼ 6.1% |
| Other amounts payable47/48 | €0 | - | - | - | €100,000 | - |
| Accrued charges and deferred income492/3 | €59,110 | €17,965 | €37,270 | €31,967 | €38,054 | ▲ 19.0% |
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €570,792 | €72,888 | -€166,193 | -€482,638 | -€424,537 | ▲ 12.0% |
| + Depreciation and write-downs630 | €22,100 | €17,338 | €23,415 | €23,187 | €18,858 | ▼ 18.7% |
| Operating cash flow (approximation) | €592,892 | €90,225 | -€142,778 | -€459,451 | -€405,679 | ▲ 11.7% |
| Investment in fixed assets (approximation) | - | -€33,339 | -€2,340 | - | -€28,264 | - |
| Change in cash | - | €280,636 | -€314,525 | - | -€19,081 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet -€482,638
Net result drops to -€482,638, the lowest in the series; recovery starts the following year.
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €570,792 ▲5%
Net result €570,792, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 1.97 to 4.15; short-term debt falls from €1.8m to €743,283.
31-12
Financial
Equity above €2mEq €2.4m ▲32%
4 profitable years in a row build equity to €2.4m.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2mEq €2.3m ▲27.4%
2 profitable years in a row build equity to €2.3m.
Show earlier events
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ans · 3 establishment units since 2005
Ground area
2.9 ha
Building footprint
1.2 ha
Volume, LiDAR
125,027 m³
3 parcels, Flanders, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
ALPHAMEDIS
since 20052.149.934.427
ALPHAMEDIS
since 20072.233.028.189
Hoogstraat 26, 1861 Meise
since 20212.316.833.518
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57008D0179/00E000 | Wallonia | 2.4 ha | 1 · 1.1 ha | 14.3 m · 4 fl. |
| 62001B0307/00E000 | Wallonia | 3,934 m² | 1 · 804 m² | - |
| 23093F0398/00L002 | Flanders | 1,058 m² | 1 · 188 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 763 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-11-1995
Fiscal year end31-03
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456605328
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.