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MEDEEA

Active
Private limited companyfounded 20223 yrs activeNerviërsstraat 90, 1730 Asse, BelgiumKBO/BCE: BE 0793.108.820
Summary

The computed 12-month bankruptcy probability of MEDEEA is 5.7% (elevated). The 2024 annual accounts show negative equity (-€70,025) and a net result of -€28,052. Its solvency ranks better than 5% of 36386 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.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, 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 2024
Equity per financial year
2324
2023 to 2024 · latest year -€70,025
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 filings
Deviation from the deadline
2025
not confirmed
2024
53 d early
2023
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

History

On 28 October 2022, MEDEEA was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€70,025▼ 66.8%
2023 · -€41,974
Total assets
€52,868▼ 14.1%
2023 · €61,521
Net result
-€28,052▲ 34.0%
2023 · -€42,474
Working capital
-€31,929▲ 20.9%
2023 · -€40,382
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€41,271--€28,190▲ 31.7%
Net result-€42,474below the sector's middle half--€28,052below the sector's middle half▲ 34.0%
Equity-€41,974below the sector's middle half--€70,025below the sector's middle half▼ 66.8%
Total assets€61,521below the sector's middle half-€52,868below the sector's middle half▼ 14.1%
Debt€103,494-€122,894▲ 18.7%
Working capital-€40,382below the sector's middle half--€31,929below the sector's middle half▲ 20.9%
Solvency-68.2%below the sector's middle half--132.5%below the sector's middle half▼ 64.2pp
Current ratio0.30below the sector's middle half-0.59below the sector's middle half▲ 0.29
Return on assets (ROA)-69.0%below the sector's middle half--53.1%below the sector's middle half▲ 16.0pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2023: -€41,271-€41,271Net result 2023: -€42,474-€42,474Operating result 2024: -€28,190-€28,190Net result 2024: -€28,052-€28,05220232024-€60,000-€40,000-€20,000€0Operating result 2023: -€41,271-€41,300Net result 2023: -€42,474-€42,500Operating result 2024: -€28,190-€28,200Net result 2024: -€28,052-€28,10020232024
The operating result stays negative: a loss of €28,190 in 2024 against €41,271 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52,868
Fixed assets €7,599 ▼ 82.8%
Current assets €45,270 ▲ 160%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€27,868▲
2023 · -€40,162
Cash flow
-€27,729▲
2023 · -€41,365
Debt to equity
-1.75▲
2023 · -2.47
Interest coverage
200.97▲
2023 · -33.38
Debt ≤ 1 year
€77,199▲
2023 · €57,799
Debt > 1 year
€45,695=
2023 · €45,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€61,521€52,868▼
Fixed assets21/28€44,103€7,599▼
Tangible fixed assets22/27€44,103€99▼
Plant, machinery and equipment23€43,682-
Furniture and vehicles24€421€99▼
Financial fixed assets28-€7,500
Current assets29/58€17,417€45,270▲
Amounts receivable within one year40/41€12,174€44,814▲
Trade receivables40€0€31,000▲
Other amounts receivable41€12,174€13,814▲
Current investments50/53-€0
Cash at bank and in hand54/58€5,243€456▼
Equity and liabilities
Total equity and liabilities10/49€61,521€52,868▼
Equity10/15-€41,974-€70,025▼
Contributions10/11€500€500=
Profit (loss) carried forward14-€42,474-€70,525▼
Amounts payable17/49€103,494€122,894▲
Amounts payable after more than one year17€45,695€45,695=
Financial debts170/4€45,695€45,695=
Amounts payable within one year42/48€57,799€77,199▲
Current portion of amounts payable after more than one year42€3,982€2,921▼
Trade debts44€19,079€9,519▼
Suppliers440/4€19,079€9,519▼
Taxes, remuneration and social security45-€2,075
Taxes450/3-€2,075
Other amounts payable47/48€34,738€62,684▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,109€322▼
Other operating charges640/8€250-
Non-recurring operating charges66A-€12,429
Gross operating margin9900-€39,912-€15,439▲
Operating profit (loss)9901-€41,271-€28,190▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1,203-€139▼
Recurring financial charges65€1,203-€139▼
Profit (loss) for the period before taxes9903-€42,474-€28,052▲
Profit (loss) for the period9904-€42,474-€28,052▲
Profit (loss) for the period to be appropriated9905-€42,474-€28,052▲
Appropriation of the result
Profit (loss) to be appropriated9906-€42,474-€70,525▼
Profit (loss) brought forward from the previous period14P--€42,474

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,109€322▼ 70.9%
Other operating charges640/8€250--
Non-recurring operating charges66A-€12,429-
Gross operating margin9900-€39,912-€15,439▲ 61.3%
Operating profit (loss)9901-€41,271-€28,190▲ 31.7%
Financial income75/76B€0--
Recurring financial income75€0--
Financial charges65/66B€1,203-€139▼ 112%
Recurring financial charges65€1,203-€139▼ 112%
Profit (loss) for the period before taxes9903-€42,474-€28,052▲ 34.0%
Profit (loss) for the period9904-€42,474-€28,052▲ 34.0%
Profit (loss) for the period to be appropriated9905-€42,474-€28,052▲ 34.0%
Line20232024Change
Assets
Total assets20/58€61,521€52,868▼ 14.1%
Fixed assets21/28€44,103€7,599▼ 82.8%
Tangible fixed assets22/27€44,103€99▼ 99.8%
Plant, machinery and equipment23€43,682--
Furniture and vehicles24€421€99▼ 76.6%
Financial fixed assets28-€7,500-
Current assets29/58€17,417€45,270▲ 160%
Amounts receivable within one year40/41€12,174€44,814▲ 268%
Trade receivables40€0€31,000▲ 9,117,444%
Other amounts receivable41€12,174€13,814▲ 13.5%
Current investments50/53-€0-
Cash at bank and in hand54/58€5,243€456▼ 91.3%
Equity and liabilities
Total equity and liabilities10/49€61,521€52,868▼ 14.1%
Equity10/15-€41,974-€70,025▼ 66.8%
Contributions10/11€500€500=
Profit (loss) carried forward14-€42,474-€70,525▼ 66.0%
Amounts payable17/49€103,494€122,894▲ 18.7%
Amounts payable after more than one year17€45,695€45,695=
Financial debts170/4€45,695€45,695=
Amounts payable within one year42/48€57,799€77,199▲ 33.6%
Current portion of amounts payable after more than one year42€3,982€2,921▼ 26.7%
Trade debts44€19,079€9,519▼ 50.1%
Suppliers440/4€19,079€9,519▼ 50.1%
Taxes, remuneration and social security45-€2,075-
Taxes450/3-€2,075-
Other amounts payable47/48€34,738€62,684▲ 80.4%
Line20232024Change
Profit (loss) for the period9904-€42,474-€28,052▲ 34.0%
+ Depreciation and write-downs630€1,109€322▼ 70.9%
Operating cash flow (approximation)-€41,365-€27,729▲ 33.0%
Investment in fixed assets (approximation)-€36,182-
Change in cash--€4,788-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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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.

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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
seat establishment The establishment unit on the map
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
Velm 19, 1730 AsseDemolition
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

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 7,868 companies in sector 43341 we hold annual accounts for 2,665. 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793108820
Also 9925:BE0793108820
Registered 16-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.