MED GROUP
ActiveSummary
The computed 12-month bankruptcy probability of MED GROUP is 9.5% (elevated). The latest annual accounts of MED GROUP were filed more than 90 days after the deadline. The 2020 annual accounts show equity of €10k and a net result of €1k. Its solvency ranks better than 92% of 6622 sector peers (fiscal year 2020). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability59▼-41
Solvency100=
Growth52
Track record92
Bankruptcy probability, 12 months
9.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2020Solvency, return and age of the figures
Solvency
80.3%
Return on assets
8.8%
Age of the figures
69 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-11-2021, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
118 d late
2019
54 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2020, full schema
Turnover
€37k
EBIT margin
4.5%
Net result
€1k▼ 61.3%
2019 · €3k
2019: €3k
2020: €1k▼ -61.3% vs 2019
2019 → 2020
Working capital
€10k▲ 12.1%
2019 · €9k
2019: €9k
2020: €10k▲ +12.1% vs 2019
2019 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€37k
Equity€9k-€10k▲ 12.2%
2019: €9k
2020: €10k▲ +12.2% vs 2019
Operating result€2k-€2k▼ 5.6%
2019: €2k
2020: €2k▼ -5.6% vs 2019
Net result€3k-€1k▼ 61.3%
2019: €3k
2020: €1k▼ -61.3% vs 2019
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 6% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €13k
Equity
€10k ▲ 12.2%
Debt
€2k ▲ 40.4%
Debt's share of the balance-sheet total rises from 16.4% to 19.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
5.26▼
2019 · 6.42
ROE
10.9%▼
2019 · 31.6%
ROA
8.8%▼
2019 · 26.4%
Debt ≤ 1 year
€2k▲
2019 · €2k
Income taxes
€369▼
2019 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 19 lines
Balance sheet
Code20192020
Assets
Total assets20/58€11k€13k▲
Current assets29/58€11k€13k▲
Cash at bank and in hand54/58€11k€13k▲
Equity and liabilities
Total equity and liabilities10/49€11k€13k▲
Equity10/15€9k€10k▲
Contributions10/11€6k€6k=
Reserves13€143€199▲
Profit (loss) carried forward14€3k€4k▲
Amounts payable17/49€2k€2k▲
Amounts payable within one year42/48€2k€2k▲
Trade debts44€150€150=
Income statement
Code20192020
Turnover70-€37k
Gross operating margin9900€2k€2k▼
Operating profit (loss)9901€2k€2k▼
Recurring financial charges65€19€175▲
Profit (loss) for the period before taxes9903€4k€1k▼
Income taxes67/77€1k€369▼
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Accounts by statement
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | - | €37k | - |
| Gross operating margin9900 | €2k | €2k | ▼ 5.6% |
| Operating profit (loss)9901 | €2k | €2k | ▼ 5.6% |
| Recurring financial charges65 | €19 | €175 | ▲ 818% |
| Profit (loss) for the period before taxes9903 | €4k | €1k | ▼ 63.7% |
| Income taxes67/77 | €1k | €369 | ▼ 69.3% |
| Profit (loss) for the period9904 | €3k | €1k | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €3k | €1k | ▼ 61.3% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11k | €13k | ▲ 16.8% |
| Current assets29/58 | €11k | €13k | ▲ 16.8% |
| Cash at bank and in hand54/58 | €11k | €13k | ▲ 16.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11k | €13k | ▲ 16.8% |
| Equity10/15 | €9k | €10k | ▲ 12.2% |
| Contributions10/11 | €6k | €6k | = |
| Reserves13 | €143 | €199 | ▲ 38.7% |
| Profit (loss) carried forward14 | €3k | €4k | ▲ 38.7% |
| Amounts payable17/49 | €2k | €2k | ▲ 40.4% |
| Amounts payable within one year42/48 | €2k | €2k | ▲ 42.4% |
| Trade debts44 | €150 | €150 | = |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €1k | ▼ 61.3% |
| Operating cash flow (approximation) | €3k | €1k | ▼ 61.3% |
| Change in cash | - | €2k | - |
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
2025
07-05
KBO administration
Address struck
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 118 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 54 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2018
Ground area
311 m²
Building footprint
303 m²
Volume, LiDAR
2,162 m³
2 parcels, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
Auguste Van Zandestraat 79, 1082 Sint-Agatha-Berchem
since 20182.281.009.042
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0114/00E020 | Brussels | 217 m² | 1 · 216 m² | 11.5 m · 1 fl. |
| 21522B0621/00K000 | Brussels | 93 m² | 1 · 86 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 10,667 companies in sector 47811 we hold annual accounts for 5,220. 2,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.