MEDEEA
ActiveSummary
The computed 12-month bankruptcy probability of MEDEEA is 5.7% (elevated). The 2024 annual accounts show negative equity (€-70k) and a net result of €-28k. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58
Track record94
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.3 in 2023; short-term debt: 146% and cash: 0.9% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 2024Solvency, return and age of the figures
Solvency
-132.5%
Return on assets
-53.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-70k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-06-2025, 53 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
53 d early
2023
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€-70k▼ 66.8%
2023 · €-42k
Total assets
€53k▼ 14.1%
2023 · €62k
Net result
€-28k▲ 34.0%
2023 · €-42k
Working capital
€-32k▲ 20.9%
2023 · €-40k
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
Line20232024
Operating result€-41k-€-28k▲ 31.7%
Net result€-42k-€-28k▲ 34.0%
Equity€-42k-€-70k▼ 66.8%
Total assets€62k-€53k▼ 14.1%
Debt€103k-€123k▲ 18.7%
Working capital€-40k-€-32k▲ 20.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2024 against €41k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€8k ▼ 82.8%
Current assets
€45k ▲ 160%
Key figures and ratios
EBITDA
€-28k▲
2023 · €-40k
Cash flow
€-28k▲
2023 · €-41k
Solvency
-132.5%▼
2023 · -68.2%
Current ratio
0.59▲
2023 · 0.30
Debt to equity
-1.75▲
2023 · -2.47
ROA
-53.1%▲
2023 · -69.0%
Interest coverage
200.97▲
2023 · -33.38
Debt ≤ 1 year
€77k▲
2023 · €58k
Debt > 1 year
€46k=
2023 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €322 | ▼ 70.9% |
| Other operating charges640/8 | €250 | - | - |
| Non-recurring operating charges66A | - | €12k | - |
| Gross operating margin9900 | €-40k | €-15k | ▲ 61.3% |
| Operating profit (loss)9901 | €-41k | €-28k | ▲ 31.7% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €1k | €-139 | ▼ 112% |
| Recurring financial charges65 | €1k | €-139 | ▼ 112% |
| Profit (loss) for the period before taxes9903 | €-42k | €-28k | ▲ 34.0% |
| Profit (loss) for the period9904 | €-42k | €-28k | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €-42k | €-28k | ▲ 34.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €62k | €53k | ▼ 14.1% |
| Fixed assets21/28 | €44k | €8k | ▼ 82.8% |
| Tangible fixed assets22/27 | €44k | €99 | ▼ 99.8% |
| Plant, machinery and equipment23 | €44k | - | - |
| Furniture and vehicles24 | €421 | €99 | ▼ 76.6% |
| Financial fixed assets28 | - | €8k | - |
| Current assets29/58 | €17k | €45k | ▲ 160% |
| Amounts receivable within one year40/41 | €12k | €45k | ▲ 268% |
| Trade receivables40 | €0 | €31k | ▲ 9,117,444% |
| Other amounts receivable41 | €12k | €14k | ▲ 13.5% |
| Current investments50/53 | - | €0 | - |
| Cash at bank and in hand54/58 | €5k | €456 | ▼ 91.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €62k | €53k | ▼ 14.1% |
| Equity10/15 | €-42k | €-70k | ▼ 66.8% |
| Contributions10/11 | €500 | €500 | = |
| Profit (loss) carried forward14 | €-42k | €-71k | ▼ 66.0% |
| Amounts payable17/49 | €103k | €123k | ▲ 18.7% |
| Amounts payable after more than one year17 | €46k | €46k | = |
| Financial debts170/4 | €46k | €46k | = |
| Amounts payable within one year42/48 | €58k | €77k | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | €4k | €3k | ▼ 26.7% |
| Trade debts44 | €19k | €10k | ▼ 50.1% |
| Suppliers440/4 | €19k | €10k | ▼ 50.1% |
| Taxes, remuneration and social security45 | - | €2k | - |
| Taxes450/3 | - | €2k | - |
| Other amounts payable47/48 | €35k | €63k | ▲ 80.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-42k | €-28k | ▲ 34.0% |
| + Depreciation and write-downs630 | €1k | €322 | ▼ 70.9% |
| Operating cash flow (approximation) | €-41k | €-28k | ▲ 33.0% |
| Investment in fixed assets (approximation) | - | €36k | - |
| Change in cash | - | €-5k | - |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Asse · 1 establishment unit since 2022
Ground area
1,722 m²
Building footprint
208 m²
Volume, LiDAR
551 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MEDEEA
since 20222.338.900.721
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053A0791/00C000 | Flanders | 1,606 m² | 1 · 115 m² | - |
| 23322B0077/00F002 | Flanders | 115 m² | 1 · 93 m² | 10.5 m · 2 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.
Similar companies · same sector and region
PAUWELS PAINT
BE 0847.285.793
Asse
RENOVAURIA
BE 0506.982.475
Asse
SLOOPSTEEN
BE 1041.346.468
Asse
AB DECO PAINT
BE 0454.348.097
Dilbeek
ARTE DECOBELLO
BE 0425.793.277
Pajottegem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43343Specialised construction activities
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.