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MEDI - LINE

Active
Public limited companyfounded 199432 yrs activeRue des Gardes-frontière 5, 4031 Liège, BelgiumKBO/BCE: BE 0452.084.633
Summary

MEDI - LINE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.78M and a net result of €293k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 117 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability63▲+2
Solvency68▲+7
Growth67▲+14
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.58 in 2024; short-term debt: 35.6% and cash: 2.7% of total assets), but 57.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
42.6%
Return on assets
3.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
22 d early
2023
12 d early
2022
98 d early
2021
111 d early
2020
81 d early
2019
21 d early
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
25-09-2026 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

Financials · fiscal year 2025, full schema

Turnover
€10.86M▲ 2.5%
2024 · €10.60M
2018: €8.60Mlowest value 2019: €10.14M▲ +18.0% vs 2018 2024: €10.60M 2025: €10.86M▲ +2.5% vs 2024highest value
2018 → 2025
EBIT margin
4.4%▼ 0.8pp
2024 · 5.2%
2018: -1.4%lowest value 2019: 1.1%▲ +177% vs 2018 2024: 5.2%highest value 2025: 4.4%▼ -15.2% vs 2024
2018 → 2025
Net result
€293k▲ 0.7%
2024 · €291k
2018: €165k 2019: €254k▲ +53.8% vs 2018 2020: €106k▼ -58.5% vs 2019 2021: €91k▼ -14.2% vs 2020lowest in 8 years 2022: €423k▲ +366% vs 2021 2023: €915k▲ +117% vs 2022highest in 8 years 2024: €291k▼ -68.2% vs 2023 2025: €293k▲ +0.7% vs 2024
2018 → 2025
Working capital
€2.54M▲ 33.2%
2024 · €1.91M
2018: €1.51Mlowest in 8 years 2019: €1.54M▲ +2.3% vs 2018 2020: €1.53M▼ -0.6% vs 2019 2021: €1.57M▲ +2.4% vs 2020 2022: €1.88M▲ +19.9% vs 2021 2023: €2.06M▲ +9.2% vs 2022 2024: €1.91M▼ -7.3% vs 2023 2025: €2.54M▲ +33.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€10.60M€10.86M▲ 2.5% 2024: €10.60M 2025: €10.86M▲ +2.5% vs 2024
Equity€1.53M-€1.91M▲ 24.9%€2.80M▲ 47.0%€3.06M▲ 9.0%€3.78M▲ 23.6% 2021: €1.53Mlowest in 5 years 2022: €1.91M▲ +24.9% vs 2021 2023: €2.80M▲ +47.0% vs 2022 2024: €3.06M▲ +9.0% vs 2023 2025: €3.78M▲ +23.6% vs 2024highest in 5 years
Operating result€123k-€585k▲ 375%€1.31M▲ 123%€548k▼ 58.1%€476k▼ 13.1% 2021: €123klowest in 5 years 2022: €585k▲ +375% vs 2021 2023: €1.31M▲ +123% vs 2022highest in 5 years 2024: €548k▼ -58.1% vs 2023 2025: €476k▼ -13.1% vs 2024
Net result€91k-€423k▲ 366%€915k▲ 117%€291k▼ 68.2%€293k▲ 0.7% 2021: €91klowest in 5 years 2022: €423k▲ +366% vs 2021 2023: €915k▲ +117% vs 2022highest in 5 years 2024: €291k▼ -68.2% vs 2023 2025: €293k▲ +0.7% vs 2024
Result per fiscal year
Operating resultNet result
€0€500k€1.00M€1.50MOperating result 2021: €123k€123kNet result 2021: €91k€91kOperating result 2022: €585k€585kNet result 2022: €423k€423kOperating result 2023: €1.31M€1.31MNet result 2023: €915k€915kOperating result 2024: €548k€548kNet result 2024: €291k€291kOperating result 2025: €476k€476kNet result 2025: €293k€293k20212022202320242025€0€500k€1M€1.5MOperating result 2023: €1.31M€1.3MNet result 2023: €915k€915kOperating result 2024: €548k€548kNet result 2024: €291k€291kOperating result 2025: €476k€476kNet result 2025: €293k€293k202320242025
The operating result has fallen two years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.88M
Fixed assets €3.17M ▼ 4.3%
Current assets €5.70M ▲ 9.2%
Equity and liabilities €8.88M
Equity €3.78M ▲ 23.6%
Provisions €13k ▼ 27.2%
Debt €5.09M ▼ 6.9%
Debt's share of the balance-sheet total falls from 64.0% to 57.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€789k▲
2024 · €776k
Cash flow
€606k▲
2024 · €520k
Current ratio
1.80▲
2024 · 1.58
Quick ratio
0.98▲
2024 · 0.77
Debt to equity
1.35▼
2024 · 1.79
ROE
7.8%▼
2024 · 9.5%
ROA
3.3%▼
2024 · 3.4%
Interest coverage
5.58▲
2024 · 5.26
Debt ≤ 1 year
€3.16M▼
2024 · €3.31M
Debt > 1 year
€1.92M▼
2024 · €2.14M
Income taxes
€108k▼
2024 · €118k
Staff costs
€3.48M▲
2024 · €3.03M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 89 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.54M€8.88M▲
Fixed assets21/28€3.31M€3.17M▼
Intangible fixed assets21€14k€10k▼
Tangible fixed assets22/27€3.30M€3.16M▼
Land and buildings22€2.48M€2.90M▲
Plant, machinery and equipment23€81k€60k▼
Furniture and vehicles24€55k€85k▲
Leasing and similar rights25€235k€121k▼
Assets under construction and advance payments27€448k-
Financial fixed assets28€102€102=
Other financial fixed assets284/8€102€102=
Amounts receivable and cash guarantees285/8€102€102=
Current assets29/58€5.22M€5.70M▲
Stocks and contracts in progress3€2.66M€2.61M▼
Stocks30/36€2.22M€2.61M▲
Raw materials and consumables30/31€2.22M€2.02M▼
Work in progress32-€596k
Contracts in progress37€443k-
Amounts receivable within one year40/41€2.44M€2.80M▲
Trade receivables40€2.29M€2.24M▼
Other amounts receivable41€155k€555k▲
Current investments50/53€9k-
Other investments51/53€9k-
Cash at bank and in hand54/58€63k€241k▲
Deferred charges and accrued income490/1€44k€53k▲
Equity and liabilities
Total equity and liabilities10/49€8.54M€8.88M▲
Equity10/15€3.06M€3.78M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.59M€1.75M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€703k€867k▲
Distributable reserves133€880k€880k=
Profit (loss) carried forward14€1.35M€1.48M▲
Investment grants15€53k€481k▲
Provisions and deferred taxes16€18k€13k▼
Deferred taxes168€18k€13k▼
Amounts payable17/49€5.46M€5.09M▼
Amounts payable after more than one year17€2.14M€1.92M▼
Financial debts170/4€2.14M€1.92M▼
Credit institutions173€2.14M€1.92M▼
Amounts payable within one year42/48€3.31M€3.16M▼
Current portion of amounts payable after more than one year42€476k€224k▼
Financial debts43€1.30M€1.15M▼
Credit institutions430/8€1.30M€1.15M▼
Trade debts44€1.15M€1.15M▼
Suppliers440/4€1.15M€1.15M▼
Taxes, remuneration and social security45€394k€602k▲
Taxes450/3€79k€106k▲
Remuneration and social security454/9€316k€497k▲
Other amounts payable47/48-€39k
Accrued charges and deferred income492/3€6k€6k▼
Income statement Code20242025
Operating income70/76A€10.66M€11.18M▲
Turnover70€10.60M€10.86M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-102k€152k▲
Other operating income74€155k€166k▲
Non-recurring operating income76A-€348
Operating charges60/66A€10.11M€10.71M▲
Goods for resale, raw materials and consumables60€3.99M€4.46M▲
Purchases600/8€4.48M€4.26M▼
Change in stocks: decrease (increase)609€-495k€202k▲
Services and other goods61€2.84M€2.42M▼
Remuneration, social security and pensions62€3.03M€3.48M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€228k€313k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-93k€608▲
Other operating charges640/8€119k€34k▼
Operating profit (loss)9901€548k€476k▼
Financial income75/76B€22k€71k▲
Recurring financial income75€22k€71k▲
Other financial income752/9€22k€71k▲
Financial charges65/66B€166k€151k▼
Recurring financial charges65€166k€151k▼
Debt charges650€148k€142k▼
Other financial charges652/9€19k€9k▼
Profit (loss) for the period before taxes9903€404k€396k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€118k€108k▼
Taxes670/3€118k€108k▼
Tax adjustments and reversals of tax provisions77-€4
Profit (loss) for the period9904€291k€293k▲
Transfer to tax-exempt reserves689-€164k
Profit (loss) for the period to be appropriated9905€291k€129k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.38M€1.48M▲
Profit (loss) brought forward from the previous period14P€1.09M€1.35M▲
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
Social balance
Average headcount (FTE)908752.456.6▲

The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A---€10.66M€11.18M▲ 4.9%
Turnover70---€10.60M€10.86M▲ 2.5%
Change in stocks of work in progress, finished goods and contracts in progress71---€-102k€152k▲ 249%
Other operating income74---€155k€166k▲ 7.3%
Non-recurring operating income76A----€348-
Operating charges60/66A---€10.11M€10.71M▲ 5.9%
Goods for resale, raw materials and consumables60---€3.99M€4.46M▲ 11.9%
Purchases600/8---€4.48M€4.26M▼ 5.0%
Change in stocks: decrease (increase)609---€-495k€202k▲ 141%
Services and other goods61---€2.84M€2.42M▼ 14.7%
Remuneration, social security and pensions62€2.43M€2.68M€3.00M€3.03M€3.48M▲ 14.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€256k€225k€188k€228k€313k▲ 36.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€53k€-44k€101k€-93k€608▲ 101%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-10k----
Other operating charges640/8€29k€28k€34k€119k€34k▼ 71.6%
Non-recurring operating charges66A-€464€185---
Gross operating margin9900€2.89M€3.47M€4.63M---
Operating profit (loss)9901€123k€585k€1.31M€548k€476k▼ 13.1%
Financial income75/76B€49k€41k€18k€22k€71k▲ 215%
Recurring financial income75€49k€41k€18k€22k€71k▲ 215%
Other financial income752/9---€22k€71k▲ 215%
Financial charges65/66B€58k€62k€123k€166k€151k▼ 9.6%
Recurring financial charges65€58k€62k€123k€166k€151k▼ 9.6%
Debt charges650---€148k€142k▼ 4.2%
Other financial charges652/9---€19k€9k▼ 51.8%
Profit (loss) for the period before taxes9903€114k€564k€1.20M€404k€396k▼ 1.9%
Transfer from deferred taxes780€5k€5k€5k€5k€5k=
Income taxes67/77€28k€147k€293k€118k€108k▼ 8.1%
Taxes670/3---€118k€108k▼ 8.1%
Tax adjustments and reversals of tax provisions77----€4-
Profit (loss) for the period9904€91k€423k€915k€291k€293k▲ 0.7%
Transfer to tax-exempt reserves689-€219k€484k-€164k-
Profit (loss) for the period to be appropriated9905€91k€204k€431k€291k€129k▼ 55.7%
Line20212022202320242025Change
Assets
Total assets20/58€4.20M€5.23M€6.32M€8.54M€8.88M▲ 4.0%
Fixed assets21/28€904k€770k€1.63M€3.31M€3.17M▼ 4.3%
Intangible fixed assets21€45k€8k€7k€14k€10k▼ 29.4%
Tangible fixed assets22/27€859k€762k€1.62M€3.30M€3.16M▼ 4.2%
Land and buildings22€171k€188k€1.13M€2.48M€2.90M▲ 16.7%
Plant, machinery and equipment23€63k€53k€90k€81k€60k▼ 26.2%
Furniture and vehicles24€23k€48k€56k€55k€85k▲ 56.5%
Leasing and similar rights25€602k€473k€349k€235k€121k▼ 48.7%
Assets under construction and advance payments27---€448k--
Financial fixed assets28€102€102€102€102€102=
Other financial fixed assets284/8---€102€102=
Amounts receivable and cash guarantees285/8---€102€102=
Current assets29/58€3.30M€4.46M€4.69M€5.22M€5.70M▲ 9.2%
Stocks and contracts in progress3€1.70M€2.44M€2.26M€2.66M€2.61M▼ 1.9%
Stocks30/36€1.70M€2.44M€2.26M€2.22M€2.61M▲ 17.7%
Raw materials and consumables30/31---€2.22M€2.02M▼ 9.1%
Work in progress32----€596k-
Contracts in progress37---€443k--
Amounts receivable within one year40/41€1.02M€1.75M€1.74M€2.44M€2.80M▲ 14.5%
Trade receivables40€975k€1.63M€1.61M€2.29M€2.24M▼ 2.0%
Other amounts receivable41€41k€121k€132k€155k€555k▲ 258%
Current investments50/53---€9k--
Other investments51/53---€9k--
Cash at bank and in hand54/58€550k€244k€631k€63k€241k▲ 282%
Deferred charges and accrued income490/1€36k€24k€54k€44k€53k▲ 19.0%
Equity and liabilities
Total equity and liabilities10/49€4.20M€5.23M€6.32M€8.54M€8.88M▲ 4.0%
Equity10/15€1.53M€1.91M€2.80M€3.06M€3.78M▲ 23.6%
Contributions10/11€62k€62k€62k€62k€62k=
Capital10€62k€62k€62k€62k€62k=
Issued capital100€62k€62k€62k€62k€62k=
Reserves13€886k€1.11M€1.59M€1.59M€1.75M▲ 10.3%
Non-distributable reserves130/1€6k€6k€6k€6k€6k=
Legal reserve130€6k€6k€6k€6k€6k=
Tax-exempt reserves132-€219k€703k€703k€867k▲ 23.4%
Distributable reserves133€880k€880k€880k€880k€880k=
Profit (loss) carried forward14€451k€655k€1.09M€1.35M€1.48M▲ 9.5%
Investment grants15€128k€86k€68k€53k€481k▲ 805%
Provisions and deferred taxes16€42k€27k€23k€18k€13k▼ 27.2%
Provisions for liabilities and charges160/5€10k-----
Other liabilities and charges164/5€10k-----
Deferred taxes168€32k€27k€23k€18k€13k▼ 27.2%
Amounts payable17/49€2.63M€3.29M€3.49M€5.46M€5.09M▼ 6.9%
Amounts payable after more than one year17€905k€598k€858k€2.14M€1.92M▼ 10.5%
Financial debts170/4€905k€598k€858k€2.14M€1.92M▼ 10.5%
Credit institutions173---€2.14M€1.92M▼ 10.5%
Amounts payable within one year42/48€1.73M€2.57M€2.63M€3.31M€3.16M▼ 4.5%
Current portion of amounts payable after more than one year42€301k€657k€484k€476k€224k▼ 52.8%
Financial debts43---€1.30M€1.15M▼ 11.2%
Credit institutions430/8---€1.30M€1.15M▼ 11.2%
Trade debts44€1.04M€1.34M€1.50M€1.15M€1.15M▼ 0.1%
Suppliers440/4€1.04M€1.34M€1.50M€1.15M€1.15M▼ 0.1%
Taxes, remuneration and social security45€348k€476k€530k€394k€602k▲ 52.7%
Taxes450/3€88k€104k€117k€79k€106k▲ 34.4%
Remuneration and social security454/9€260k€372k€414k€316k€497k▲ 57.3%
Other amounts payable47/48€42k€97k€115k-€39k-
Accrued charges and deferred income492/3-€120k-€6k€6k▼ 7.0%
Line20212022202320242025Change
Profit (loss) for the period9904€91k€423k€915k€291k€293k▲ 0.7%
+ Depreciation and write-downs630€256k€225k€188k€228k€313k▲ 36.9%
Operating cash flow (approximation)€347k€648k€1.10M€520k€606k▲ 16.6%
Investment in fixed assets (approximation)-€-91k€-1.05M€-1.91M€-171k▲ 91.1%
Change in cash-€-306k€388k€-568k€178k▲ 131%

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
03-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €915k ▲117%
Operating result €1.31M, net result €915k, both a record.
31-12
Financial Equity above €2MEq €2.80M ▲47%
6 profitable years in a row build equity to €2.80M.
24-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
11-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €91k ▼14.2%
Net result drops to €91k, the lowest in the series; recovery starts the following year.
11-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
18-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 79 days late
2018
29-11
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 121 days late
2017
26-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts

We know of 13 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
13 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, Liège · 1 establishment unit since 1994
seat establishment approximate The establishment unit on the map
Ground area
3,425 m²
Parcel 62002C0005/00P010, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Gardes-frontière 5, 4031 Liège
NACE 3310206
since 19942.065.945.293
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62002C0005/00P010 Wallonia 3,425 m² - -
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.

Similar companies · same sector, comparable size

Of 1,249 companies in sector 32500 we hold annual accounts for 695. 226 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
32500Manufacture of medical and dental instruments and supplies

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