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Medexon

Active
Private limited companyfounded 20206 yrs activeWetenschapspark 1, 8400 Oostende, BelgiumKBO/BCE: BE 0743.962.284
Summary

Medexon has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,899 and a net result of -€29,670. Equity is growing by ~121.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 7859 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability59▲+16
Solvency86▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.95 in 2024; short-term debt: 17.5% and cash: 29.8% of total assets), and 39.1% 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
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 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€29,670
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
72 d early
2024
27 d late
2023
35 d early
2022
6 d early
2021
24 d early
2020
9 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 7 July (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

History

Medexon was incorporated on 21 February 2020 as a Private limited company.1 Total assets rose from EUR 129,297 in 2020 to EUR 427,025 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€259,899▼ 10.2%
2024 · €289,569
Total assets
€427,025▼ 18.3%
2024 · €522,975
Net result
-€29,670▼ 58.1%
2024 · -€18,766
Working capital
€108,653▼ 42.5%
2024 · €189,035
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€5,018€49,316▲ 883%€9,434▼ 80.9%-€12,676-€23,589▼ 86.1%
Net result€3,935within the sector's middle half€43,541above the sector's middle half▲ 1,007%€3,977within the sector's middle half▼ 90.9%-€18,766below the sector's middle half-€29,670below the sector's middle half▼ 58.1%
Equity€10,817below the sector's middle half▲ 57.2%€54,358within the sector's middle half▲ 403%€58,335within the sector's middle half▲ 7.3%€289,569above the sector's middle half▲ 396%€259,899above the sector's middle half▼ 10.2%
Total assets€111,501within the sector's middle half▼ 13.8%€215,902within the sector's middle half▲ 93.6%€219,450within the sector's middle half▲ 1.6%€522,975above the sector's middle half▲ 138%€427,025above the sector's middle half▼ 18.3%
Debt€100,683▼ 17.8%€161,543▲ 60.4%€161,115▼ 0.3%€233,406▲ 44.9%€167,126▼ 28.4%
Working capital-€23,206below the sector's middle half▼ 17.9%-€14,963below the sector's middle half▲ 35.5%-€7,950below the sector's middle half▲ 46.9%€189,035above the sector's middle half€108,653above the sector's middle half▼ 42.5%
Solvency9.7%below the sector's middle half▲ 4.4pp25.2%within the sector's middle half▲ 15.5pp26.6%within the sector's middle half▲ 1.4pp55.4%within the sector's middle half▲ 28.8pp60.9%within the sector's middle half▲ 5.5pp
Current ratio0.65below the sector's middle half▼ 0.060.83below the sector's middle half▲ 0.180.91within the sector's middle half▲ 0.082.95within the sector's middle half▲ 2.042.46within the sector's middle half▼ 0.49
Return on assets (ROA)3.5%within the sector's middle half▲ 13.7pp20.2%within the sector's middle half▲ 16.6pp1.8%within the sector's middle half▼ 18.4pp-3.6%below the sector's middle half▼ 5.4pp-6.9%below the sector's middle half▼ 3.4pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
-€40,000-€20,000€0€20,000€40,000Operating result 2021: €5,018€5,018Net result 2021: €3,935€3,935Operating result 2022: €49,316€49,316Net result 2022: €43,541€43,541Operating result 2023: €9,434€9,434Net result 2023: €3,977€3,977Operating result 2024: -€12,676-€12,676Net result 2024: -€18,766-€18,766Operating result 2025: -€23,589-€23,589Net result 2025: -€29,670-€29,67020212022202320242025-€30,000-€20,000-€10,000€0€10,000Operating result 2023: €9,434€9,430Net result 2023: €3,977€3,980Operating result 2024: -€12,676-€12,700Net result 2024: -€18,766-€18,800Operating result 2025: -€23,589-€23,600Net result 2025: -€29,670-€29,700202320242025
The operating result stays negative: a loss of €23,589 in 2025 against €12,676 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,882
Fixed assets €186,701 ▼ 21.2%
Current assets €183,182 ▼ 35.9%
Equity and liabilities €427,025
Equity €259,899 ▼ 10.2%
Debt €167,126 ▼ 28.4%
Debt's share of the balance-sheet total falls from 44.6% to 39.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€37,538▲
2024 · €20,005
Cash flow
€31,457▲
2024 · €13,914
Debt to equity
0.64▼
2024 · 0.81
ROE
-11.4%▼
2024 · -6.5%
Interest coverage
5.83▲
2024 · 3.49
Debt ≤ 1 year
€74,528▼
2024 · €96,861
Debt > 1 year
€92,597▼
2024 · €136,545
Income taxes
€200▼
2024 · €367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.3% went bankrupt
7.5% stopped otherwise
90% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 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% 1.8%
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 3,441 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 · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€522,975€427,025▼
Formation expenses20-€57,143
Fixed assets21/28€237,079€186,701▼
Tangible fixed assets22/27€233,259€182,881▼
Plant, machinery and equipment23€191,026€146,959▼
Furniture and vehicles24€42,233€35,921▼
Financial fixed assets28€3,820€3,820=
Current assets29/58€285,896€183,182▼
Amounts receivable within one year40/41€83,248€53,782▼
Trade receivables40€47,591€43,173▼
Other amounts receivable41€35,657€10,609▼
Cash at bank and in hand54/58€193,567€127,311▼
Deferred charges and accrued income490/1€9,080€2,089▼
Equity and liabilities
Total equity and liabilities10/49€522,975€427,025▼
Equity10/15€289,569€259,899▼
Contributions10/11€270,000€270,000=
Reserves13€38,335€38,335=
Distributable reserves133€38,335€38,335=
Profit (loss) carried forward14-€18,766-€48,436▼
Amounts payable17/49€233,406€167,126▼
Amounts payable after more than one year17€136,545€92,597▼
Financial debts170/4€136,545€92,597▼
Amounts payable within one year42/48€96,861€74,528▼
Current portion of amounts payable after more than one year42€46,873€43,948▼
Financial debts43€1,254€1,193▼
Credit institutions430/8€1,254€1,193▼
Trade debts44€48,734€29,387▼
Suppliers440/4€48,734€29,387▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,680€61,127▲
Other operating charges640/8€1,390€713▼
Non-recurring operating charges66A€10,425-
Gross operating margin9900€31,819€38,251▲
Operating profit (loss)9901-€12,676-€23,589▼
Financial income75/76B€3€556▲
Recurring financial income75€3€556▲
Financial charges65/66B€5,726€6,437▲
Recurring financial charges65€5,726€6,437▲
Profit (loss) for the period before taxes9903-€18,399-€29,470▼
Income taxes67/77€367€200▼
Profit (loss) for the period9904-€18,766-€29,670▼
Profit (loss) for the period to be appropriated9905-€18,766-€29,670▼
Appropriation of the result
Profit (loss) to be appropriated9906-€18,766-€48,436▼
Profit (loss) brought forward from the previous period14P--€18,766

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€3,736----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,692€28,056€34,531€32,680€61,127▲ 87.0%
Other operating charges640/8€456€691€1,724€1,390€713▼ 48.7%
Non-recurring operating charges66A--€4,321€10,425--
Gross operating margin9900€25,166€78,064€50,010€31,819€38,251▲ 20.2%
Operating profit (loss)9901€5,018€49,316€9,434-€12,676-€23,589▼ 86.1%
Financial income75/76B€0€10€0€3€556▲ 21,534%
Recurring financial income75€0€10€0€3€556▲ 21,534%
Financial charges65/66B€1,083€2,173€4,063€5,726€6,437▲ 12.4%
Recurring financial charges65€1,083€2,173€4,063€5,726€6,437▲ 12.4%
Profit (loss) for the period before taxes9903€3,935€47,154€5,371-€18,399-€29,470▼ 60.2%
Income taxes67/77-€3,613€1,394€367€200▼ 45.7%
Profit (loss) for the period9904€3,935€43,541€3,977-€18,766-€29,670▼ 58.1%
Profit (loss) for the period to be appropriated9905€3,935€43,541€3,977-€18,766-€29,670▼ 58.1%
Line20212022202320242025Change
Assets
Total assets20/58€111,501€215,902€219,450€522,975€427,025▼ 18.3%
Formation expenses20----€57,143-
Fixed assets21/28€68,501€144,352€138,138€237,079€186,701▼ 21.2%
Tangible fixed assets22/27€67,751€143,602€137,388€233,259€182,881▼ 21.6%
Plant, machinery and equipment23€44,433€95,421€66,765€191,026€146,959▼ 23.1%
Furniture and vehicles24€23,318€48,181€37,484€42,233€35,921▼ 14.9%
Leasing and similar rights25--€33,139---
Financial fixed assets28€750€750€750€3,820€3,820=
Current assets29/58€42,999€71,549€81,312€285,896€183,182▼ 35.9%
Amounts receivable within one year40/41€14,992€36,683€56,206€83,248€53,782▼ 35.4%
Trade receivables40€14,992€34,970€56,201€47,591€43,173▼ 9.3%
Other amounts receivable41-€1,713€6€35,657€10,609▼ 70.2%
Cash at bank and in hand54/58€28,007€29,838€25,106€193,567€127,311▼ 34.2%
Deferred charges and accrued income490/1-€5,028-€9,080€2,089▼ 77.0%
Equity and liabilities
Total equity and liabilities10/49€111,501€215,902€219,450€522,975€427,025▼ 18.3%
Equity10/15€10,817€54,358€58,335€289,569€259,899▼ 10.2%
Contributions10/11€20,000€20,000€20,000€270,000€270,000=
Reserves13-€34,358€38,335€38,335€38,335=
Distributable reserves133-€34,358€38,335€38,335€38,335=
Profit (loss) carried forward14-€9,183---€18,766-€48,436▼ 158%
Amounts payable17/49€100,683€161,543€161,115€233,406€167,126▼ 28.4%
Amounts payable after more than one year17€34,478€74,570€71,853€136,545€92,597▼ 32.2%
Financial debts170/4€34,478€74,570€71,853€136,545€92,597▼ 32.2%
Amounts payable within one year42/48€66,205€86,512€89,262€96,861€74,528▼ 23.1%
Current portion of amounts payable after more than one year42€14,939€28,903€36,000€46,873€43,948▼ 6.2%
Financial debts43---€1,254€1,193▼ 4.9%
Credit institutions430/8---€1,254€1,193▼ 4.9%
Trade debts44€1,533€12,036€23,923€48,734€29,387▼ 39.7%
Suppliers440/4€1,533€12,036€23,923€48,734€29,387▼ 39.7%
Taxes, remuneration and social security45€6,496€3,620€8,514---
Taxes450/3€6,496€3,620€8,514---
Other amounts payable47/48€43,237€41,954€20,825---
Accrued charges and deferred income492/3-€461----
Line20212022202320242025Change
Profit (loss) for the period9904€3,935€43,541€3,977-€18,766-€29,670▼ 58.1%
+ Depreciation and write-downs630€19,692€28,056€34,531€32,680€61,127▲ 87.0%
Operating cash flow (approximation)€23,627€71,597€38,508€13,914€31,457▲ 126%
Investment in fixed assets (approximation)--€103,907-€28,317-€131,622-€10,748▲ 91.8%
Change in cash-€1,831-€4,732€168,461-€66,257▼ 139%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€29,670
Net result drops to -€29,670, the lowest in the series.
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Liquidity triplescurrent ratio 2.95
Current ratio from 0.91 to 2.95.
31-12
Financial Equity above €200,000Eq €289,569 ▲396%
Equity rises from €58,335 to €289,569.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2020net €43,541 ▲1,007%
Operating result €49,316, net result €43,541, both a record.
07-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €3,935
Net result €3,935 after one loss-making year.
22-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Oostende · 2 establishment units since 2020
seat establishment All 2 establishment units on the map
Ground area
1.2 ha
Building footprint
275 m²
Volume, LiDAR
1,372 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
18 companies at this address See who is registered here
2 establishment units
Medexon
Hof van Steelant 11, 8210 ZedelgemPrinting and reproduction of recorded media
since 20202.300.127.544
Medexon
Wetenschapspark 1, 8400 OostendePrinting and reproduction of recorded media
since 20242.366.901.354
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35026D0621/00D000 Flanders 1.1 ha 1 · 63 m² 5.5 m · 2 fl.
31017B0307/00V000 Flanders 807 m² 1 · 212 m² 8.7 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 346 EUR awarded · 346 EUR paid
Year Entries awardedpaid
2024 1 135 EUR135 EUR
2023 1 211 EUR211 EUR
Schemes
2 entries · 346 EUR · 346 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 6,690 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
Founded21-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Contact
E-mail info@medexon.com
Phone 0470693103
E-invoicing
Reachable via Peppol
Peppol ID 0208:0743962284
Also 9925:BE0743962284
Registered 03-09-2026

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

Register as of 30 September 2026 · Peppol Directory

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