MEDEV
ActiveSummary
MEDEV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.05M and a net result of €189k. Equity is growing by ~3.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+16
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 23.82 against 11.07 in 2023; short-term debt: 4.2% and cash: 2.8% of total assets), and 4.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.8%
Return on assets
4.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
77 d late
2022
105 d late
2021
67 d late
2020
88 d late
2019
109 d late
← 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 Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€189k
2023 · €-95k
Working capital
€4.02M▼ 18.1%
2023 · €4.90M
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
Line20202021202220232024
Operating result€-306k▼ 1,757%€-457k▼ 49.2%€-121k▲ 73.6%€-29k▲ 75.9%€-23k▲ 19.1%
Net result€83k▼ 80.5%€-20k€324k€-95k€189k
Equity€3.65M▲ 2.3%€3.63M▼ 0.5%€3.95M▲ 8.9%€3.86M▼ 2.4%€4.05M▲ 4.9%
Total assets€17.58M▲ 2.4%€17.39M▼ 1.1%€5.19M▼ 70.2%€5.42M▲ 4.5%€4.22M▼ 22.1%
Debt€13.94M▲ 2.4%€13.76M▼ 1.2%€1.24M▼ 91.0%€1.57M▲ 26.5%€178k▼ 88.7%
Working capital€5.29M▼ 47.4%€5.22M▼ 1.3%€5.00M▼ 4.3%€4.90M▼ 1.9%€4.02M▼ 18.1%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.22M
Fixed assets
€32k =
Current assets
€4.19M ▼ 22.2%
Equity and liabilities €4.22M
Equity
€4.05M ▲ 4.9%
Debt
€178k ▼ 88.7%
Debt's share of the balance-sheet total falls from 28.9% to 4.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
23.82▲
2023 · 11.07
Debt to equity
0.04▼
2023 · 0.41
ROE
4.7%▲
2023 · -2.5%
ROA
4.5%▲
2023 · -1.8%
Debt ≤ 1 year
€176k▼
2023 · €487k
Debt > 1 year
€0▼
2023 · €1.06M
Income taxes
€-95k▼
2023 · €134k
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 | - | €52k | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €28k | - | - |
| Other operating charges640/8 | - | €903 | €871 | €960 | €998 | ▲ 4.0% |
| Non-recurring operating charges66A | - | €455k | €93k | €0 | - | - |
| Gross operating margin9900 | €-274k | €-622 | €-27k | €-28k | €-22k | ▲ 19.9% |
| Operating profit (loss)9901 | €-306k | €-457k | €-121k | €-29k | €-23k | ▲ 19.1% |
| Financial income75/76B | - | €556k | €449k | €104k | €118k | ▲ 13.4% |
| Recurring financial income75 | €526k | €556k | €449k | €104k | €118k | ▲ 13.4% |
| Financial charges65/66B | - | €118k | €-122k | €36k | €373 | ▼ 99.0% |
| Recurring financial charges65 | €107k | €118k | €-164k | €36k | €373 | ▼ 99.0% |
| Non-recurring financial charges66B | - | - | €42k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €113k | €-19k | €450k | €39k | €94k | ▲ 143% |
| Income taxes67/77 | €30k | €1k | €126k | €134k | €-95k | ▼ 171% |
| Profit (loss) for the period9904 | €83k | €-20k | €324k | €-95k | €189k | ▲ 298% |
| Profit (loss) for the period to be appropriated9905 | €83k | €-20k | €324k | €-95k | €189k | ▲ 298% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.58M | €17.39M | €5.19M | €5.42M | €4.22M | ▼ 22.1% |
| Fixed assets21/28 | €97k | €74k | €32k | €32k | €32k | = |
| Tangible fixed assets22/27 | €32k | €32k | €32k | €32k | €32k | = |
| Other tangible fixed assets26 | - | €32k | €32k | €32k | €32k | = |
| Financial fixed assets28 | €66k | €42k | €0 | - | - | - |
| Current assets29/58 | €17.49M | €17.32M | €5.16M | €5.39M | €4.19M | ▼ 22.2% |
| Amounts receivable after more than one year29 | - | €11.87M | €3.77M | €4.27M | €3.24M | ▼ 24.1% |
| Other amounts receivable291 | - | €11.87M | €3.77M | €4.27M | €3.24M | ▼ 24.1% |
| Amounts receivable within one year40/41 | €5.28M | €72k | €542k | €330k | €728k | ▲ 120% |
| Other amounts receivable41 | - | €72k | €542k | €330k | €728k | ▲ 120% |
| Current investments50/53 | €4.33M | €4.33M | €0 | - | - | - |
| Cash at bank and in hand54/58 | €125k | €91k | €848k | €774k | €118k | ▼ 84.8% |
| Deferred charges and accrued income490/1 | - | €960k | €0 | €19k | €105k | ▲ 449% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.58M | €17.39M | €5.19M | €5.42M | €4.22M | ▼ 22.1% |
| Equity10/15 | €3.65M | €3.63M | €3.95M | €3.86M | €4.05M | ▲ 4.9% |
| Contributions10/11 | - | €3.06M | €3.06M | €3.06M | €3.06M | = |
| Reserves13 | €51k | €51k | €51k | €51k | €51k | = |
| Non-distributable reserves130/1 | - | €51k | €51k | €51k | €51k | = |
| Reserves not available under the articles1311 | - | €51k | €51k | €51k | €51k | = |
| Profit (loss) carried forward14 | €534k | €514k | €839k | €743k | €932k | ▲ 25.4% |
| Amounts payable17/49 | €13.94M | €13.76M | €1.24M | €1.57M | €178k | ▼ 88.7% |
| Amounts payable after more than one year17 | €1.60M | €1.56M | €1.06M | €1.06M | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €1.56M | €1.06M | €1.06M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €12.20M | €12.10M | €159k | €487k | €176k | ▼ 63.9% |
| Current portion of amounts payable after more than one year42 | - | €4.89M | €0 | - | - | - |
| Financial debts43 | - | €7.01M | €0 | - | - | - |
| Credit institutions430/8 | - | €7.01M | €0 | - | - | - |
| Trade debts44 | €248k | €122k | €541 | €676 | €698 | ▲ 3.3% |
| Suppliers440/4 | - | €122k | €541 | €676 | €698 | ▲ 3.3% |
| Taxes, remuneration and social security45 | - | €70k | €69k | €367k | €86k | ▼ 76.5% |
| Taxes450/3 | - | €70k | €69k | €367k | €86k | ▼ 76.5% |
| Other amounts payable47/48 | - | €0 | €89k | €119k | €89k | ▼ 25.1% |
| Accrued charges and deferred income492/3 | - | €106k | €17k | €17k | €2k | ▼ 90.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €-20k | €324k | €-95k | €189k | ▲ 298% |
| Operating cash flow (approximation) | €83k | €-20k | €324k | €-95k | €189k | ▲ 298% |
| Investment in fixed assets (approximation) | - | €23k | €42k | €0 | €0 | - |
| Change in cash | - | €-34k | €757k | €-74k | €-656k | ▼ 789% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €189k
Net result €189k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 23.82
Current ratio from 11.07 to 23.82; short-term debt falls from €487k to €176k.
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 105 days late
2022
31-12
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
31-12
Financial
Liquidity times 23current ratio 32.51
Current ratio from 1.43 to 32.51; short-term debt falls from €12.10M to €159k.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 67 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial 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, Elsene · 1 establishment unit since 2007
Ground area
2,006 m²
Building footprint
1,861 m²
Volume, LiDAR
28,134 m³
2 parcels, Brussels · tallest building 32.0 m, ±4 floors. Linked by address, not a title deed.
227
companies at this address
See who is registered here
1 establishment unit
MEDEV
since 20072.169.288.105
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
| 21447B0255/00Y000 | Brussels | 99 m² | 1 · 72 m² | 18.1 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600MVMRR3A7C4M628
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-02-2007
Fiscal year end31-12
Contact
Phone
02/3409700Elsene
Scores and ratios are computed by Checked and are not a credit decision.