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MEDECO

Active
Public limited companyfounded 200620 yrs activeSatenrozen 19, 2550 Kontich, BelgiumKBO/BCE: BE 0879.130.202
Summary

The computed 12-month bankruptcy probability of MEDECO is 6.1% (elevated). The 2025 annual accounts show negative equity (-€2.7m) and a net result of -€5.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5451 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MEDECOActiveChecked score 33/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of pharmaceutical and medical goods
NACE 46460NACE 51460
#10 company by total assets in Kontich, Wholesale and retail trade sector1 site
Size
€5.7mturnover 2025
Staff
2.6 FTE
Equity
-€2.7m
Loss
-€5.8m
Financial health
33 Weak Checked score 2025
Bankruptcy chance 12 m
6.1%
Structure
Parent
Mediq International BV · 100%
Board
1 member
Holdings
1
Auditor: KPMG Bedrijfsrevisoren BVAccounts filed 45 d late
Why 33- Loss of €5.8m (FY 2025)- Negative equity -€2.7m- Liquidity: current ratio 0.06, cash €81,463, halved- Latest accounts 45 days late; 3 of the last 3 lateShow the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 9% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 12-24
equity -12.5% of total assets
Liquidity 0-50
short-term debt 111.0% · cash 0.4%
Profitability 0-44
return on assets -27.4%
Bankruptcy probability, 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,765 companies)
Last 14 months 09-2025: 6.4%highest value 10-2025: 1.7%▼ -73.5% vs 09-2025 11-2025: 1.7%● 0.0% vs 10-2025 12-2025: 1.7%● 0.0% vs 11-2025 01-2026: 1.7%● 0.0% vs 12-2025 02-2026: 1.7%▼ -3.2% vs 01-2026 03-2026: 1.6%▼ -1.8% vs 02-2026 04-2026: 1.7%▲ +3.9% vs 03-2026 05-2026: 1.9%▲ +12.0% vs 04-2026 06-2026: 1.0%▼ -45.1% vs 05-2026lowest value 07-2026: 1.0%▲ +0.6% vs 06-2026 08-2026: 1.6%▲ +55.5% vs 07-2026 09-2026: 6.2%▲ +280% vs 08-2026 10-2026: 6.1%▼ -0.4% vs 09-2026
  • Loss of €5.8m (FY 2025) raises the probability
  • Negative equity -€2.7m raises the probability
  • Liquidity: current ratio 0.06, cash €81,463, halved raises the probability
  • Latest accounts 45 days late; 3 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.06 against 0.85 in 2024; short-term debt: 111% and cash: 0.4% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 13%, liquidity 3%, profitability 6%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Loss of €5.8m (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€2.7m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.06, cash €81,463, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 45 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.7m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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
45 d late
2024
50 d late
2023
139 d late
2022
34 d early
2021
54 d early
2020
60 d early
2019
46 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 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 September (4 of the last 5 filed years within 95 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Power of attorney
  3. Weakest financial yearnet -€5.8m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€2.7m View
  • Caution: From profit to loss in 2025after €728,400 in 2024 -€5.8m View
  • Caution: Among the weakest 5% on solvencysector median 45.7% · 5,451 companies -12.5% View
  • Controlled by Mediq International BVknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Turnover
€5.7m
Loss
-€5.8m
Solvency
-12.5%
Turnover▼ 20.0%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Mediq International BV · 100%
Known shareholders
100%
Auditor
KPMG Bedrijfsrevisoren BV
Go to Board & ownership

Timeline

Events
40
Since
2007
Next accounts
by 31-07-2027
  1. 14-09-2026Annual accounts filed
  2. 15-01-2026Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of pharmaceutical and medical goodsNACE 46460
Founded
03-02-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De import, de export, de distributie en de groot- en kleinhandel in farmaceutische en…
Go to Articles of association

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