CARDIOVIC
ActiveSummary
CARDIOVIC has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,986 and a net result of €82,361. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency46▲+46
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.46 in 2024; short-term debt: 79.3% and cash: 67.9% of total assets), and 79.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.7%
Return on assets
43.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
22 d late
2022
on the day
2021
27 d late
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€38,986
2024 · -€43,376
Total assets
€188,562▲ 44.9%
2024 · €130,146
Net result
€82,361▲ 68.1%
2024 · €48,995
Working capital
€4,140
2024 · -€94,488
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,937▼ 24.6%-€711€87,877€52,267▼ 40.5%€85,122▲ 62.9%
Net result€7,691-€81,971-€62,666▲ 23.6%€48,995€82,361▲ 68.1%
Equity€52,387▲ 17.2%-€29,585-€92,371▼ 212%-€43,376▲ 53.0%€38,986
Total assets€152,315▼ 14.0%€117,530▼ 22.8%€153,548▲ 30.6%€130,146▼ 15.2%€188,562▲ 44.9%
Debt€99,929▼ 24.5%€147,115▲ 47.2%€245,919▲ 67.2%€173,522▼ 29.4%€149,576▼ 13.8%
Working capital€8,023-€77,639-€153,959▼ 98.3%-€94,488▲ 38.6%€4,140
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,562
Fixed assets
€34,846 ▼ 31.8%
Current assets
€153,716 ▲ 94.5%
Equity and liabilities €188,562
Equity
€38,986
Debt
€149,576
Debt finances 79.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€105,340▲
2024 · €71,575
Cash flow
€102,580▲
2024 · €68,303
Current ratio
1.03▲
2024 · 0.46
Debt to equity
3.84▲
2024 · -4.00
ROE
211.3%
ROA
43.7%▲
2024 · 37.6%
Interest coverage
37.85▲
2024 · 21.49
Debt ≤ 1 year
€149,576▼
2024 · €173,522
Income taxes
€60▼
2024 · €193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,815 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,445 | €34,791 | €19,059 | €19,308 | €20,219 | ▲ 4.7% |
| Other operating charges640/8 | - | €3,533 | €3,185 | €5,759 | €4,137 | ▼ 28.2% |
| Gross operating margin9900 | €41,554 | €37,612 | €110,121 | €77,334 | €109,477 | ▲ 41.6% |
| Operating profit (loss)9901 | €9,937 | -€711 | €87,877 | €52,267 | €85,122 | ▲ 62.9% |
| Financial income75/76B | - | €173 | €188 | €252 | €83 | ▼ 67.0% |
| Recurring financial income75 | €173 | €173 | €188 | €252 | €83 | ▼ 67.0% |
| Financial charges65/66B | - | €74,115 | €150,536 | €3,331 | €2,783 | ▼ 16.4% |
| Recurring financial charges65 | €2,231 | €74,115 | €150,536 | €3,331 | €2,783 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €7,879 | -€74,654 | -€62,471 | €49,188 | €82,422 | ▲ 67.6% |
| Income taxes67/77 | €188 | €7,318 | €195 | €193 | €60 | ▼ 68.7% |
| Profit (loss) for the period9904 | €7,691 | -€81,971 | -€62,666 | €48,995 | €82,361 | ▲ 68.1% |
| Profit (loss) for the period to be appropriated9905 | €7,691 | -€81,971 | -€62,666 | €48,995 | €82,361 | ▲ 68.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,315 | €117,530 | €153,548 | €130,146 | €188,562 | ▲ 44.9% |
| Fixed assets21/28 | €83,411 | €70,050 | €73,143 | €51,112 | €34,846 | ▼ 31.8% |
| Tangible fixed assets22/27 | €83,411 | €70,050 | €73,143 | €51,112 | €34,846 | ▼ 31.8% |
| Plant, machinery and equipment23 | - | €3,380 | €3,375 | €4,774 | €6,784 | ▲ 42.1% |
| Furniture and vehicles24 | - | €1,650 | €20,856 | €4,860 | €2,516 | ▼ 48.2% |
| Other tangible fixed assets26 | - | €65,020 | €48,913 | €41,479 | €25,545 | ▼ 38.4% |
| Current assets29/58 | €68,904 | €47,481 | €80,405 | €79,034 | €153,716 | ▲ 94.5% |
| Amounts receivable within one year40/41 | €9,865 | €11,442 | - | - | - | - |
| Other amounts receivable41 | - | €11,442 | - | - | - | - |
| Cash at bank and in hand54/58 | €32,007 | €19,878 | €42,837 | €47,931 | €128,005 | ▲ 167% |
| Deferred charges and accrued income490/1 | - | €16,161 | €37,568 | €31,103 | €25,711 | ▼ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,315 | €117,530 | €153,548 | €130,146 | €188,562 | ▲ 44.9% |
| Equity10/15 | €52,387 | -€29,585 | -€92,371 | -€43,376 | €38,986 | ▲ 190% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €43,034 | €43,034 | €43,034 | €43,034 | €43,034 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €28,305 | €28,305 | €28,305 | €28,305 | = |
| Distributable reserves133 | - | €12,870 | €12,870 | €12,870 | €12,870 | = |
| Profit (loss) carried forward14 | -€3,048 | -€85,019 | -€147,805 | -€98,810 | -€16,449 | ▲ 83.4% |
| Amounts payable17/49 | €99,929 | €147,115 | €245,919 | €173,522 | €149,576 | ▼ 13.8% |
| Amounts payable after more than one year17 | €38,087 | €21,996 | €11,554 | - | - | - |
| Financial debts170/4 | - | €21,996 | €11,554 | - | - | - |
| Amounts payable within one year42/48 | €60,881 | €125,119 | €234,365 | €173,522 | €149,576 | ▼ 13.8% |
| Current portion of amounts payable after more than one year42 | - | €16,886 | €11,249 | €11,554 | - | - |
| Trade debts44 | - | €9,892 | €20,275 | €13,679 | €12,198 | ▼ 10.8% |
| Suppliers440/4 | - | €9,892 | €20,275 | €13,679 | €12,198 | ▼ 10.8% |
| Taxes, remuneration and social security45 | - | €192 | €387 | €388 | €255 | ▼ 34.2% |
| Taxes450/3 | - | €192 | €387 | €388 | €255 | ▼ 34.2% |
| Other amounts payable47/48 | - | €98,149 | €202,453 | €147,900 | €137,122 | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,691 | -€81,971 | -€62,666 | €48,995 | €82,361 | ▲ 68.1% |
| + Depreciation and write-downs630 | €28,445 | €34,791 | €19,059 | €19,308 | €20,219 | ▲ 4.7% |
| Operating cash flow (approximation) | €36,136 | -€47,180 | -€43,607 | €68,303 | €102,580 | ▲ 50.2% |
| Investment in fixed assets (approximation) | - | -€21,430 | -€22,153 | €2,723 | -€3,952 | ▼ 245% |
| Change in cash | - | -€12,130 | €22,960 | €5,094 | €80,074 | ▲ 1,472% |
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 2026, expected by
2026
12-06
State Gazette act
Resignation: MANTIA Magali Mariette Marie (manager)Appointment: MANTIA Magali Mariette Marie (non-statutory director) · Shareholding · Statutes amendment16 facts ▸
State Gazette act
Resignation: MANTIA Magali Mariette Marie (manager)
Appointment: MANTIA Magali Mariette Marie (non-statutory director) · Shareholding · Statutes amendment16 facts ▸
- General meeting, 03-06-2026
- Shareholding, 03-06-2026, actions sans désignation de valeur nominale
- Statutes amendment
- Capital conversion, compte de capitaux propres apports non appelés
- Reserve release, unanimité, inclut les éventuels versements futurs de la part non encore libérée du capital
- Statutes amendment
- Capital
- Registered office clause, 6530 Thuin, avenue de Ragnies 63, conserver l'adresse du siège
- Director resignation, MANTIA Magali Mariette Marie (manager)
- Director appointment, MANTIA Magali Mariette Marie (non-statutory director)
- Other statement, suppression du compte de capitaux propres statutairement indisponible et mise à disposition pour des distributions futures, ordre du jour
- Other statement, démission du gérant et nomination comme administrateur (non statutaire), ordre du jour
- +4 further facts in this act
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Highest result since 2019net €82,361 ▲68.1%
Net result €82,361, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.46 to 1.03; short-term debt falls from €173,522 to €149,576.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Back to profitnet €48,995
Net result €48,995 after 2 loss-making years.
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€81,971
Net result drops to -€81,971, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-06
Financial
Back to profitnet €7,691
Net result €7,691 after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
MANTIA Magali Mariette Marie
CurrentNon-statutory director · since 12-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Thuin
Ground area
1,682 m²
Building footprint
247 m²
Volume, LiDAR
1,261 m³
Parcel 56078D0273/00D000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56078D0273/00D000 | Wallonia | 1,682 m² | 1 · 247 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MANTIA Magali Mariette Marie |
|
Articles of association
Who signs
“Article 15. Pouvoirs de l’organe d’administration L’administrateur a tous les pouvoirs pour agir au nom de la société. Chaque administrateur peut accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet social de la société, à l'exception de ceux que la loi réserve à l'assemblée…”
Full text
Article 15. Pouvoirs de l’organe d’administration L’administrateur a tous les pouvoirs pour agir au nom de la société. Chaque administrateur peut accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet social de la société, à l'exception de ceux que la loi réserve à l'assemblée générale. Chaque administrateur représente la société à l'égard des tiers et en justice soit en demandant, soit en défendant. Etant toutefois précisé qu’en cas de pluralité d’administrateurs, et sauf organisation par l’ assemblée d’un organe collégial d’administration, tous les actes de disposition nécessitant l’ intervention d’un officier public ou ministériel requièrent la signature conjointe d’au moins deux administrateurs.
Annual meeting
First Saturday of November
Duration
Unlimited
Purpose
L'exercice, en son nom et pour son compte, de la cardiologie par ses actionnaires, lesquels sont exclusivement des médecins cardiologues, ou, à défaut, pratiquant une spécialité…
Full purpose
L'exercice, en son nom et pour son compte, de la cardiologie par ses actionnaires, lesquels sont exclusivement des médecins cardiologues, ou, à défaut, pratiquant une spécialité admise comme étant apparentée à ladite spécialité, inscrits au Tableau de l’Ordre des Médecins
Legal form clause
CARDIOVIC
Registered office clause
Région wallonne, avec l'accord préalable du Conseil provincial compétent de l'Ordre des Médecins
Share issue rule
Libérées à leur émission, En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la société et aux époque…
Droit de préférence pour l'émission d'actions nouvelles en numéraire, actionnaires existants
Share class
Nominatives, nature des actions
Indivisibilité des titres, exercés par l'usufruitier sauf disposition contraire
Other statement
Répartition des actions, tendre à refléter l'importance des activités respectives des actionnaires
Règlement d'ordre intérieur, lorsque plusieurs médecins œuvrent au sein de la société
Registre des actions nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres
Prorogation, n'annule pas les autres décisions prises sauf décision contraire de l'assemblée
Tout actionnaire, administrateur, commissaire ou liquidateur domicilié à l'étranger, élection de domicile
Tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à l'exécution des statuts,…
Dispositions du Code des sociétés et des associations non licitement dérogées réputées inscrites dans les statuts, droit commun
Déontologie, dictée par l'Ordre des Médecins, ne peut être considérée comme un manquement aux statuts
Arbitrage et suspension, médecin suspendu doit prendre les mesures nécessaires pour assurer la continuité des soins
Décharge, assemblée générale décidera à la prochaine assemblée générale annuelle sur la décharge au gérant démissionnaire pour l'exécution de son mandat
3 more provisions on this in the deed
Transfer restriction
Cession d'actions, fixée à dire expert
Board rule
Article 16. Rémunération des administrateurs
Article 17. Révocation - Remplacement
Administration, majorité simple
3 more provisions on this in the deed
Meeting notice
One provision in the deed
Meeting access
Toute personne peut renoncer à la convocation et, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle est présente ou représentée à l'a…
Article 20. Admission à l’assemblée générale
Voting rule
Tout actionnaire peut donner procuration écrite à toute autre personne, actionnaire ou non, majorité des voix, quel que soit le nombre de titres représentés
1 more provision on this in the deed
Meeting procedure
Article 22. Séances - Procès-verbaux
Profit allocation
Honoraires générés par l'activité médicale perçus au nom et pour le compte de la société, assemblée générale statuant sur proposition de l'organe d'administrati…
Reserve rule
Convention conforme à l'article 17 de l'Arrêté Royal n°78 du 10 novembre 1967 et à la déontologie médicale entre la société et le médecin, bénéfice net après dé…
Dissolution rule
Formes prévues pour les modifications aux statuts, en tout temps
Liquidation rule
À défaut de désignation, l'administrateur exerce les fonctions de liquidateur, si aucun autre liquidateur n'a été désigné
Liquidation distribution
Aucun versement au-delà de leur apport en société, biens conservés remis pour être partagés dans la même proportion
Shareholding
One provision in the deed
Other provisions
Conditions requises pour être actionnaire, médecins légalement habilités à exercer la cardiologie ou une spécialité apparentée, inscrits au Tableau de l'Ordre d…
Suspension et exclusions des actionnaires, informer les autres actionnaires de toute décision civile, disciplinaire, pénale ou administrative
Article 21. Assemblée générale par procédure écrite
1 more provision in the deed, see the deed of 12-06-2026
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
549300NOQ2RQ6YCVH659
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2002
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478412809
Also
9925:BE0478412809
Registered
02-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.