Médelgro
Open bankruptcyA bankruptcy procedure is open for Médelgro according to publications in the Belgian State Gazette; curator: PIETER DEWAELE.
Summary
The 2024 annual accounts show negative equity (-€1,166) and a net result of -€27,583.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 20 January 2026
- Supervising judge
- Jan Voet
- Official Gazette
- 27-01-2026 (pdf) ↗search the document for 2026/103269
Deadlines
- Provisional date payments stopped
- 20 January 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 10 March 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 20 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pieter DewaeleGroeningestraat 33, 8500 Kort- Rijkpieterdewaele@dsda.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1,166
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 30-06-2025, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
34 d early
2021
31 d early
2020
19 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Landscape service activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€1,166
2023 · €26,417
Total assets
€256,719▲ 272%
2023 · €68,932
Net result
-€27,583▼ 281%
2023 · -€7,230
Working capital
-€9,585
2023 · €6,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result€9,140▼ 55.8%-€42-€4,717▼ 11,204%-€5,259▼ 11.5%-€16,204▼ 208%
Net result€7,097within the sector's middle half▼ 49.3%€1,535below the sector's middle half▼ 78.4%-€5,956below the sector's middle half-€7,230below the sector's middle half▼ 21.4%-€27,583below the sector's middle half▼ 281%
Equity€38,069below the sector's middle half▲ 22.9%€39,604below the sector's middle half▲ 4.0%€33,648below the sector's middle half▼ 15.0%€26,417below the sector's middle half▼ 21.5%-€1,166below the sector's middle half
Total assets€79,798below the sector's middle half▲ 67.8%€73,155below the sector's middle half▼ 8.3%€71,512below the sector's middle half▼ 2.2%€68,932below the sector's middle half▼ 3.6%€256,719below the sector's middle half▲ 272%
Debt€41,729▲ 151%€33,551▼ 19.6%€37,864▲ 12.9%€42,515▲ 12.3%€257,885▲ 507%
Working capital€33,099within the sector's middle half▲ 61.5%€27,877within the sector's middle half▼ 15.8%€24,553within the sector's middle half▼ 11.9%€6,236within the sector's middle half▼ 74.6%-€9,585below the sector's middle half
Solvency47.7%within the sector's middle half▼ 17.4pp54.1%within the sector's middle half▲ 6.4pp47.1%within the sector's middle half▼ 7.1pp38.3%within the sector's middle half▼ 8.7pp-0.5%below the sector's middle half▼ 38.8pp
Current ratio1.79within the sector's middle half▼ 0.442.93above the sector's middle half▲ 1.141.99within the sector's middle half▼ 0.941.18within the sector's middle half▼ 0.820.88below the sector's middle half▼ 0.30
Return on assets (ROA)8.9%within the sector's middle half▼ 20.5pp2.1%within the sector's middle half▼ 6.8pp-8.3%below the sector's middle half▼ 10.4pp-10.5%below the sector's middle half▼ 2.2pp-10.7%below the sector's middle half▼ 0.3pp
Staff (FTE)0.3below the sector's middle half0.3below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,204 in 2024 against €5,259 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 €256,719
Fixed assets
€186,922 ▲ 584%
Current assets
€69,797 ▲ 67.7%
Key figures and ratios
EBITDA
-€10,615▼
2023 · €6,202
Cash flow
-€21,993▼
2023 · €4,231
Quick ratio
0.78▼
2023 · 1.11
Interest coverage
-0.83▼
2023 · 2.05
Debt ≤ 1 year
€79,382▲
2023 · €35,376
Debt > 1 year
€178,503▲
2023 · €7,139
Income taxes
€138▼
2023 · €299
A ratio outside any meaningful range has been withheld (balance sheet total €256,719, equity -€1,166).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,741 | - | - | €1,000 | - |
| Remuneration, social security and pensions62 | - | €12,001 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,881 | €7,444 | €8,598 | €11,461 | €5,590 | ▼ 51.2% |
| Other operating charges640/8 | - | €3,452 | €3,571 | €4,569 | €2,359 | ▼ 48.4% |
| Non-recurring operating charges66A | - | - | - | - | €92 | - |
| Gross operating margin9900 | €23,866 | €22,855 | €7,451 | €10,771 | -€8,164 | ▼ 176% |
| Operating profit (loss)9901 | €9,140 | -€42 | -€4,717 | -€5,259 | -€16,204 | ▼ 208% |
| Financial income75/76B | - | €2,746 | €1,821 | €1,358 | €1,545 | ▲ 13.7% |
| Recurring financial income75 | €2,422 | €2,746 | €1,821 | €1,358 | €1,545 | ▲ 13.7% |
| Financial charges65/66B | - | €1,170 | €1,816 | €3,030 | €12,786 | ▲ 322% |
| Recurring financial charges65 | €1,134 | €1,170 | €1,816 | €3,030 | €12,786 | ▲ 322% |
| Profit (loss) for the period before taxes9903 | €10,427 | €1,535 | -€4,713 | -€6,931 | -€27,445 | ▼ 296% |
| Income taxes67/77 | €3,330 | - | €1,243 | €299 | €138 | ▼ 54.0% |
| Profit (loss) for the period9904 | €7,097 | €1,535 | -€5,956 | -€7,230 | -€27,583 | ▼ 281% |
| Profit (loss) for the period to be appropriated9905 | €7,097 | €1,535 | -€5,956 | -€7,230 | -€27,583 | ▼ 281% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,798 | €73,155 | €71,512 | €68,932 | €256,719 | ▲ 272% |
| Fixed assets21/28 | €4,970 | €30,870 | €22,272 | €27,320 | €186,922 | ▲ 584% |
| Tangible fixed assets22/27 | €4,970 | €30,870 | €22,272 | €27,320 | €186,922 | ▲ 584% |
| Land and buildings22 | - | - | - | - | €176,250 | - |
| Plant, machinery and equipment23 | - | €27,670 | €20,372 | €13,347 | - | - |
| Furniture and vehicles24 | - | €3,200 | €1,900 | €13,973 | €10,673 | ▼ 23.6% |
| Current assets29/58 | €74,828 | €42,285 | €49,240 | €41,612 | €69,797 | ▲ 67.7% |
| Stocks and contracts in progress3 | €3,820 | €3,331 | €4,970 | €2,238 | €8,029 | ▲ 259% |
| Stocks30/36 | - | €1,506 | €2,027 | €2,238 | €1,131 | ▼ 49.5% |
| Contracts in progress37 | - | €1,825 | €2,943 | - | €6,898 | - |
| Amounts receivable within one year40/41 | €63,674 | €35,571 | €38,153 | €38,914 | €60,308 | ▲ 55.0% |
| Trade receivables40 | - | €7,709 | €7,121 | €12,472 | €26,859 | ▲ 115% |
| Other amounts receivable41 | - | €27,862 | €31,032 | €26,442 | €33,449 | ▲ 26.5% |
| Cash at bank and in hand54/58 | €3,005 | €3,383 | €6,117 | €460 | €1,460 | ▲ 217% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,798 | €73,155 | €71,512 | €68,932 | €256,719 | ▲ 272% |
| Equity10/15 | €38,069 | €39,604 | €33,648 | €26,417 | -€1,166 | ▼ 104% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €31,869 | €33,404 | €31,144 | €29,284 | €29,284 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €31,544 | €29,284 | €29,284 | €29,284 | = |
| Profit (loss) carried forward14 | - | - | -€3,696 | -€10,926 | -€38,509 | ▼ 252% |
| Amounts payable17/49 | €41,729 | €33,551 | €37,864 | €42,515 | €257,885 | ▲ 507% |
| Amounts payable after more than one year17 | - | €19,143 | €13,178 | €7,139 | €178,503 | ▲ 2,400% |
| Financial debts170/4 | - | €19,143 | €13,178 | €7,139 | €178,503 | ▲ 2,400% |
| Amounts payable within one year42/48 | €41,729 | €14,408 | €24,687 | €35,376 | €79,382 | ▲ 124% |
| Current portion of amounts payable after more than one year42 | - | €5,894 | €5,966 | €7,309 | €10,531 | ▲ 44.1% |
| Trade debts44 | €36,424 | €6,992 | €17,305 | €27,186 | €68,713 | ▲ 153% |
| Suppliers440/4 | - | €6,992 | €17,305 | €27,186 | €68,713 | ▲ 153% |
| Taxes, remuneration and social security45 | - | €1,522 | €1,416 | €881 | €138 | ▼ 84.4% |
| Taxes450/3 | - | €1,487 | €1,380 | €881 | €138 | ▼ 84.4% |
| Remuneration and social security454/9 | - | €34 | €36 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,097 | €1,535 | -€5,956 | -€7,230 | -€27,583 | ▼ 281% |
| + Depreciation and write-downs630 | €3,881 | €7,444 | €8,598 | €11,461 | €5,590 | ▼ 51.2% |
| Operating cash flow (approximation) | €10,978 | €8,979 | €2,642 | €4,231 | -€21,993 | ▼ 620% |
| Investment in fixed assets (approximation) | - | -€33,344 | €0 | -€16,509 | -€165,192 | ▼ 901% |
| Change in cash | - | €378 | €2,734 | -€5,657 | €1,000 | ▲ 118% |
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
2026
27-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 20-01-2026
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€27,583
Net result drops to -€27,583, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €13,990 ▲29.7%
Operating result €20,702, net result €13,990, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Harelbeke · 1 establishment unit since 2017
Ground area
457 m²
Building footprint
160 m²
Volume, LiDAR
718 m³
Parcel 34323D1434/00W002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tuinen Delbaere
since 20172.268.960.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1434/00W002 | Flanders | 457 m² | 1 · 160 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER DEWAELE GROENINGESTRAAT 33, 8500 KORT-
RIJK |
20-01-2026 → present |
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43331Floor and wall tiling
43990Other specialised construction activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683487833
Also
9925:BE0683487833
Registered
31-10-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.