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MEDCOM

Active
Private limited companyfounded 2025active for 1 yearGrinaraweg 7, 3680 Maaseik, BelgiumKBO/BCE: BE 1018.595.119

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-07-2026 at the NBB

Turnover
≈ €78,000
Estimated: probably between €59,000 and €110,000
Total assets
€63,282
Net result
€10,675
Working capital
-€33,792

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €63,282
Fixed assets €47,467
Current assets €15,815
Equity and liabilities €63,282
Equity €13,675
Debt €49,607
Debt's share of the balance-sheet total is 78.4%.
Key figures and ratios
2025 value
EBITDA
€24,586
Cash flow
€19,947
Current ratio
0.32
Debt to equity
3.63
ROE
78.1%
ROA
16.9%
Interest coverage
over 100
Debt ≤ 1 year
€49,607
Income taxes
€4,591

Investments

fixed assets acquired
Item2025
Tangible fixed assets€56,739
Depreciation and write-downs of the year€9,272

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as MEDCOM: nursing and midwifery (NACE 86940). They are comparable in size and age: total assets between €52,000 and €69,500, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MEDCOM Maaseik2025€63,282€13,675€25,725€10,6752025
SOIGN'ART Genappe2025€65,091€20,146€24,572€19,3122025
ISADE Ramillies2024€57,225€9,131€27,187€13,1562025
AKIRA RUTA Baelen2025€67,419€15,248€23,589€12,2482025
QUERIDA CARE Tournai2025€69,478€16,582€26,559€16,5812025
Christiaens Lotte Waregem2024€52,009€16,251€23,755€15,1102025
Anouk Mahieu Thuisverpleging Ieper2025€62,609€24,666€32,535€21,6662025

They were chosen from the 1,835 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,390 companies had the same profile as MEDCOM has now. Two years later, 1.2% had gone bankrupt and 96.7% were still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MEDCOM itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,390 companies, not a prediction for MEDCOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 32 lines

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€63,282
Fixed assets21/28€47,467
Tangible fixed assets22/27€47,467
Furniture and vehicles24€47,467
Current assets29/58€15,815
Amounts receivable within one year40/41€12,924
Trade receivables40€12,307
Other amounts receivable41€617
Cash at bank and in hand54/58€2,321
Deferred charges and accrued income490/1€570
Equity and liabilities
Total equity and liabilities10/49€63,282
Equity10/15€13,675
Contributions10/11€3,000
Profit (loss) carried forward14€10,675
Amounts payable17/49€49,607
Amounts payable within one year42/48€49,607
Trade debts44€254
Suppliers440/4€254
Taxes, remuneration and social security45€5,444
Taxes450/3€5,444
Other amounts payable47/48€43,909
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,272
Other operating charges640/8€1,140
Gross operating margin9900€25,725
Operating profit (loss)9901€15,314
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€15,265
Income taxes67/77€4,591
Profit (loss) for the period9904€10,675
Profit (loss) for the period to be appropriated9905€10,675
Appropriation of the result
Profit (loss) to be appropriated9906€10,675

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,272
Other operating charges640/8€1,140
Gross operating margin9900€25,725
Operating profit (loss)9901€15,314
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€15,265
Income taxes67/77€4,591
Profit (loss) for the period9904€10,675
Profit (loss) for the period to be appropriated9905€10,675
Line2025
Assets
Total assets20/58€63,282
Fixed assets21/28€47,467
Tangible fixed assets22/27€47,467
Furniture and vehicles24€47,467
Current assets29/58€15,815
Amounts receivable within one year40/41€12,924
Trade receivables40€12,307
Other amounts receivable41€617
Cash at bank and in hand54/58€2,321
Deferred charges and accrued income490/1€570
Equity and liabilities
Total equity and liabilities10/49€63,282
Equity10/15€13,675
Contributions10/11€3,000
Profit (loss) carried forward14€10,675
Amounts payable17/49€49,607
Amounts payable within one year42/48€49,607
Trade debts44€254
Suppliers440/4€254
Taxes, remuneration and social security45€5,444
Taxes450/3€5,444
Other amounts payable47/48€43,909
Line2025
Profit (loss) for the period9904€10,675
+ Depreciation and write-downs630€9,272
Operating cash flow (approximation)€19,947

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00345854 NBB

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