MED OFFICE

Active

Private limited companyfounded 200818 yrs activeBrouck à L'Abbaye 12, 4690 Bassenge, BelgiumKBO/BCE: BE 0899.936.801

MED OFFICE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-125k) and a net result of €-111k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Watch Print / PDF

Checked score

Score 2024

25 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency0▼-18

Growth32=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.51 against 0.79 in 2023; short-term debt: 170.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-70.1%

Return on assets

-62.3%

Age of the figures

21 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-125k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

60 d late

2022

151 d late

2021

72 d early

2020

36 d early

2019

59 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-111k▼ 78.4%

2023 · €-62k

2018: €3k 2019: €2k 2020: €-6k 2021: €12k 2022: €32k 2023: €-62k

2018 → 2024

Working capital

€-149k▼ 246%

2023 · €-43k

2018: €-45k 2019: €-55k 2020: €-60k 2021: €-8k 2022: €20k 2023: €-43k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€4k-€16k▲ 320%€48k▲ 203%€-14k€-125k▼ 794%

Operating result€-3k-€22k€45k▲ 105%€-55k€-99k▼ 79.4%

Net result€-6k-€12k€32k▲ 166%€-62k€-111k▼ 78.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €99k in 2024 against €55k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €178k

13.6%

86.4%

Fixed assets €24k▼ 31.4%

Current assets €154k▼ 7.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-91k▼

2023 · €-46k

Cash flow

€-103k▼

2023 · €-53k

Solvency

-70.1%▼

2023 · -6.9%

Current ratio

0.51▼

2023 · 0.79

Quick ratio

0.51▼

2023 · 0.79

Debt / equity

-2.43▲

2023 · -15.39

ROA

-62.3%▼

2023 · -30.9%

Interest coverage

-8.19▼

2023 · -6.53

Debt

€303k▲

2023 · €215k

Debt ≤ 1 year

€303k▲

2023 · €209k

Income taxes

€966

Staff costs

€410k▲

2023 · €364k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€201k€178k▼

Fixed assets21/28€35k€24k▼

Tangible fixed assets22/27€26k€18k▼

Plant, machinery and equipment23€18k€14k▼

Furniture and vehicles24€8k€4k▼

Financial fixed assets28€9k€6k▼

Current assets29/58€166k€154k▼

Amounts receivable within one year40/41€163k€152k▼

Trade receivables40€117k€139k▲

Other amounts receivable41€46k€13k▼

Deferred charges and accrued income490/1€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€201k€178k▼

Equity10/15€-14k€-125k▼

Contributions10/11€19k€19k=

Outside capital11€19k€19k=

Other1109/19€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-34k€-145k▼

Amounts payable17/49€215k€303k▲

Amounts payable after more than one year17€6k-

Financial debts170/4€6k-

Amounts payable within one year42/48€209k€303k▲

Current portion of amounts payable after more than one year42€27k€11k▼

Financial debts43€7k€16k▲

Credit institutions430/8€7k€16k▲

Trade debts44€82k€110k▲

Suppliers440/4€82k€110k▲

Taxes, remuneration and social security45€80k€93k▲

Taxes450/3€45k€47k▲

Remuneration and social security454/9€34k€45k▲

Other amounts payable47/48€14k€73k▲

Income statement Code20232024

Non-recurring operating income76A€18k-

Remuneration, social security and pensions62€364k€410k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼

Other operating charges640/8€8k€62▼

Non-recurring operating charges66A€10k€54k▲

Gross operating margin9900€336k€373k▲

Operating profit (loss)9901€-55k€-99k▼

Financial charges65/66B€7k€11k▲

Recurring financial charges65€7k€11k▲

Profit (loss) for the period before taxes9903€-62k€-110k▼

Income taxes67/77-€966

Profit (loss) for the period9904€-62k€-111k▼

Profit (loss) for the period to be appropriated9905€-62k€-111k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-59k€-145k▼

Profit (loss) brought forward from the previous period14P€3k€-34k▼

Transfer from equity791/2€25k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €-111k

Net result drops to €-111k, the lowest in the series.

29-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 60 days late

2023

29-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 151 days late

2022

31-12

Financial Highest result since 2018net €32k ▲166%

Operating result €45k, net result €32k, both a record.

20-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

28-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 59 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 27 days late

2018

04-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

13-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

02-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Bassenge · 2 establishment units since 2008

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brouck à L'Abbaye 124690 Bassenge

Ground area

1.0 ha

Building footprint

2,687 m²

Volume, LiDAR

40,409 m³

3 parcels, Brussels, Flanders, Wallonia · tallest building 29.0 m, ±9 floors. Linked by address, not a title deed.

2 establishment units

MED OFFICE

Vorstlaan 53, 1160 OudergemBusiness consulting

since 20082.172.697.159

MED OFFICE

Prinsenweg 47, 3700 Tongeren-BorgloonBusiness consulting

since 20232.348.005.160

3 parcels

Flanders 1 (33.3%) Wallonia 1 (33.3%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21332B0427/05F000	Brussels	6,395 m²	1 · 1,243 m²	28.9 m · 9 fl.
73348B0665/00K000	Flanders	3,580 m²	1 · 1,410 m²	11.9 m · 2 fl.
62044A0596/00D000	Wallonia	267 m²	1 · 34 m²	7.0 m · 2 fl.