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MEDI PAS

Active
Private limited company (pre-2019)founded 200322 yrs activeIngrid Bergmangaarde 27, 1090 Jette, BelgiumKBO/BCE: BE 0860.966.951
Summary

The computed 12-month bankruptcy probability of MEDI PAS is 1.9% (moderate). The 2025 annual accounts show equity of €16,769 and a net result of -€2,119. Equity is shrinking by ~7.6% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability13▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 4.64 against 8.47 in 2024; short-term debt: 21.5% and cash: 0.1% of total assets), and 21.5% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 22 years 0 30 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 2025
Solvency, return and age of the figures
Solvency
78.5%
Return on assets
-9.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 filings
Deviation from the deadline
2025
4 d late
2024
27 d late
2023
5 d late
2022
25 d late
2021
8 d late
2020
27 d late
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 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

On 9 October 2003, MEDI PAS was incorporated.1 Total assets went from EUR 35,807 in 2018 to EUR 21,370 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€16,769▼ 11.2%
2024 · €18,888
Total assets
€21,370▼ 0.2%
2024 · €21,411
Net result
-€2,119▼ 14.7%
2024 · -€1,848
Working capital
€16,769▼ 11.0%
2024 · €18,833
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
Line20212022202320242025
Operating result-€1,307▲ 4.0%-€1,727▼ 32.1%-€1,873▼ 8.4%-€1,779▲ 5.0%-€1,901▼ 6.9%
Net result-€1,498▼ 1.7%-€2,052▼ 37.0%-€2,125▼ 3.5%-€1,848▲ 13.0%-€2,119▼ 14.7%
Equity€24,914▼ 5.7%€22,861▼ 8.2%€20,736▼ 9.3%€18,888▼ 8.9%€16,769▼ 11.2%
Total assets€27,350▼ 10.3%€25,384▼ 7.2%€23,259▼ 8.4%€21,411▼ 7.9%€21,370▼ 0.2%
Debt€2,437▼ 40.3%€2,523▲ 3.5%€2,523=€2,523=€4,601▲ 82.4%
Working capital€24,858▼ 5.7%€22,805▼ 8.3%€20,680▼ 9.3%€18,833▼ 8.9%€16,769▼ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2021: -€1,307-€1,307Net result 2021: -€1,498-€1,498Operating result 2022: -€1,727-€1,727Net result 2022: -€2,052-€2,052Operating result 2023: -€1,873-€1,873Net result 2023: -€2,125-€2,125Operating result 2024: -€1,779-€1,779Net result 2024: -€1,848-€1,848Operating result 2025: -€1,901-€1,901Net result 2025: -€2,119-€2,11920212022202320242025-€3,000-€2,000-€1,000€0Operating result 2023: -€1,873-€1,870Net result 2023: -€2,125-€2,120Operating result 2024: -€1,779-€1,780Net result 2024: -€1,848-€1,850Operating result 2025: -€1,901-€1,900Net result 2025: -€2,119-€2,120202320242025
The operating result stays negative: a loss of €1,901 in 2025 against €1,779 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
Equity and liabilities €21,370
Equity €16,769 ▼ 11.2%
Debt €4,601 ▲ 82.4%
Debt's share of the balance-sheet total rises from 11.8% to 21.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
4.64▼
2024 · 8.47
Debt to equity
0.27▲
2024 · 0.13
ROE
-12.6%▼
2024 · -9.8%
ROA
-9.9%▼
2024 · -8.6%
Debt ≤ 1 year
€4,601▲
2024 · €2,523
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€21,411€21,370▼
Fixed assets21/28€56-
Financial fixed assets28€56-
Current assets29/58€21,355€21,370▲
Amounts receivable within one year40/41€21,341€21,357▲
Other amounts receivable41€21,341€21,357▲
Cash at bank and in hand54/58€14€13▼
Equity and liabilities
Total equity and liabilities10/49€21,411€21,370▼
Equity10/15€18,888€16,769▼
Contributions10/11€19,000€19,000=
Reserves13€11,784€11,784=
Non-distributable reserves130/1€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900=
Distributable reserves133€9,884€9,884=
Profit (loss) carried forward14-€11,896-€14,015▼
Amounts payable17/49€2,523€4,601▲
Amounts payable within one year42/48€2,523€4,601▲
Trade debts44-€4,601
Suppliers440/4-€4,601
Other amounts payable47/48€2,523-
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61-€1,845
Other operating charges640/8-€56
Gross operating margin9900-€1,779-€1,845▼
Operating profit (loss)9901-€1,779-€1,901▼
Financial charges65/66B€69€218▲
Recurring financial charges65€69€218▲
Profit (loss) for the period before taxes9903-€1,848-€2,119▼
Profit (loss) for the period9904-€1,848-€2,119▼
Profit (loss) for the period to be appropriated9905-€1,848-€2,119▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11,896-€14,015▼
Profit (loss) brought forward from the previous period14P-€10,048-€11,896▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61----€1,845-
Other operating charges640/8----€56-
Gross operating margin9900-€1,307-€1,727-€1,873-€1,779-€1,845▼ 3.7%
Operating profit (loss)9901-€1,307-€1,727-€1,873-€1,779-€1,901▼ 6.9%
Financial charges65/66B€192€326€252€69€218▲ 215%
Recurring financial charges65€192€326€252€69€218▲ 215%
Profit (loss) for the period before taxes9903-€1,498-€2,052-€2,125-€1,848-€2,119▼ 14.7%
Profit (loss) for the period9904-€1,498-€2,052-€2,125-€1,848-€2,119▼ 14.7%
Profit (loss) for the period to be appropriated9905-€1,498-€2,052-€2,125-€1,848-€2,119▼ 14.7%
Line20212022202320242025Change
Assets
Total assets20/58€27,350€25,384€23,259€21,411€21,370▼ 0.2%
Fixed assets21/28€56€56€56€56--
Financial fixed assets28€56€56€56€56--
Current assets29/58€27,294€25,328€23,203€21,355€21,370▲ 0.1%
Amounts receivable within one year40/41€27,266€25,298€23,185€21,341€21,357▲ 0.1%
Trade receivables40-€141----
Other amounts receivable41€27,266€25,157€23,185€21,341€21,357▲ 0.1%
Cash at bank and in hand54/58€28€30€18€14€13▼ 9.4%
Equity and liabilities
Total equity and liabilities10/49€27,350€25,384€23,259€21,411€21,370▼ 0.2%
Equity10/15€24,914€22,861€20,736€18,888€16,769▼ 11.2%
Contributions10/11€19,000€19,000€19,000€19,000€19,000=
Reserves13€11,784€11,784€11,784€11,784€11,784=
Non-distributable reserves130/1€1,900€1,900€1,900€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900€1,900€1,900€1,900=
Distributable reserves133€9,884€9,884€9,884€9,884€9,884=
Profit (loss) carried forward14-€5,871-€7,923-€10,048-€11,896-€14,015▼ 17.8%
Amounts payable17/49€2,437€2,523€2,523€2,523€4,601▲ 82.4%
Amounts payable within one year42/48€2,437€2,523€2,523€2,523€4,601▲ 82.4%
Trade debts44€2,437---€4,601-
Suppliers440/4€2,437---€4,601-
Other amounts payable47/48-€2,523€2,523€2,523--
Line20212022202320242025Change
Profit (loss) for the period9904-€1,498-€2,052-€2,125-€1,848-€2,119▼ 14.7%
Operating cash flow (approximation)-€1,498-€2,052-€2,125-€1,848-€2,119▼ 14.7%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash-€2-€12-€3-€1▲ 58.2%

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
04-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
05-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
08-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
22-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Jette
exact location from the address register On OpenStreetMap
Ground area
276 m²
Building footprint
63 m²
Volume, LiDAR
507 m³
Parcel 21010A0073/00G008, Brussels · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21010A0073/00G008 Brussels 276 m² 1 · 63 m² 10.2 m · 3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. PALS 100%
  2. MEDI PAS

Highest known parent: PALS. The sources do not say who stands above it.

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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-10-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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