MEDI-RASH
ActiveSummary
MEDI-RASH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215,011 and a net result of €54,399. Equity is growing by ~17.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+3
Solvency67▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 21.18 against 8.18 in 2023; short-term debt: 2% and cash: 30.2% of total assets), but 57.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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 28-06-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
29 d late
2023
64 d late
2022
36 d late
2021
30 d late
2020
30 d late
2019
100 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 37 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. Usually files around 30 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€54,399▲ 37.5%
2023 · €39,556
Working capital
€209,875▲ 69.4%
2023 · €123,871
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,657€30,842€29,183▼ 5.4%€46,732▲ 60.1%€66,924▲ 43.2%
Net result-€2,344€9,152€17,639▲ 92.7%€39,556▲ 124%€54,399▲ 37.5%
Equity€94,265▼ 2.4%€103,417▲ 9.7%€121,056▲ 17.1%€160,612▲ 32.7%€215,011▲ 33.9%
Total assets€136,552▼ 9.1%€130,955▼ 4.1%€460,716▲ 252%€467,026▲ 1.4%€508,924▲ 9.0%
Debt€42,287▼ 21.2%€27,538▼ 34.9%€339,659▲ 1,133%€306,414▼ 9.8%€293,913▼ 4.1%
Working capital€87,769▼ 4.3%€94,514▲ 7.7%€89,432▼ 5.4%€123,871▲ 38.5%€209,875▲ 69.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 43% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €508,924
Fixed assets
€288,646 ▼ 11.4%
Current assets
€220,278 ▲ 56.1%
Equity and liabilities €508,924
Equity
€215,011 ▲ 33.9%
Debt
€293,913 ▼ 4.1%
Debt's share of the balance-sheet total falls from 65.6% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,266▲
2023 · €97,380
Cash flow
€100,741▲
2023 · €90,204
Current ratio
21.18▲
2023 · 8.18
Debt to equity
1.37▼
2023 · 1.91
ROE
25.3%▲
2023 · 24.6%
ROA
10.7%▲
2023 · 8.5%
Interest coverage
270.07▲
2023 · 206.21
Debt ≤ 1 year
€10,403▼
2023 · €17,242
Debt > 1 year
€283,510▼
2023 · €288,172
Income taxes
€12,106▲
2023 · €6,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 20,134 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,539 | €11,476 | €47,176 | €50,648 | €46,343 | ▼ 8.5% |
| Other operating charges640/8 | - | €759 | €891 | €608 | €716 | ▲ 17.8% |
| Gross operating margin9900 | €12,581 | €43,076 | €77,251 | €97,988 | €113,982 | ▲ 16.3% |
| Operating profit (loss)9901 | -€1,657 | €30,842 | €29,183 | €46,732 | €66,924 | ▲ 43.2% |
| Financial income75/76B | - | - | €1 | €196 | - | - |
| Recurring financial income75 | - | - | €1 | €196 | - | - |
| Financial charges65/66B | - | €690 | €625 | €472 | €419 | ▼ 11.2% |
| Recurring financial charges65 | €840 | €690 | €625 | €472 | €419 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | -€2,497 | €30,152 | €28,559 | €46,456 | €66,505 | ▲ 43.2% |
| Income taxes67/77 | -€153 | €21,000 | €10,920 | €6,900 | €12,106 | ▲ 75.4% |
| Profit (loss) for the period9904 | -€2,344 | €9,152 | €17,639 | €39,556 | €54,399 | ▲ 37.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,344 | €9,152 | €17,639 | €39,556 | €54,399 | ▲ 37.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,552 | €130,955 | €460,716 | €467,026 | €508,924 | ▲ 9.0% |
| Fixed assets21/28 | €29,671 | €23,062 | €349,260 | €325,913 | €288,646 | ▼ 11.4% |
| Intangible fixed assets21 | - | - | €315,000 | €280,000 | €245,000 | ▼ 12.5% |
| Tangible fixed assets22/27 | €29,671 | €23,062 | €34,260 | €45,913 | €43,646 | ▼ 4.9% |
| Furniture and vehicles24 | - | €23,062 | €12,264 | €21,831 | €22,851 | ▲ 4.7% |
| Other tangible fixed assets26 | - | - | €21,996 | €24,081 | €20,795 | ▼ 13.6% |
| Current assets29/58 | €106,882 | €107,893 | €111,456 | €141,113 | €220,278 | ▲ 56.1% |
| Amounts receivable within one year40/41 | €33,755 | €33,039 | €26,491 | €31,234 | €60,539 | ▲ 93.8% |
| Trade receivables40 | - | €33,039 | €26,491 | €25,134 | €41,545 | ▲ 65.3% |
| Other amounts receivable41 | - | - | - | €6,100 | €18,994 | ▲ 211% |
| Cash at bank and in hand54/58 | €67,365 | €74,854 | €77,591 | €100,668 | €153,861 | ▲ 52.8% |
| Deferred charges and accrued income490/1 | - | - | €7,374 | €9,212 | €5,878 | ▼ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,552 | €130,955 | €460,716 | €467,026 | €508,924 | ▲ 9.0% |
| Equity10/15 | €94,265 | €103,417 | €121,056 | €160,612 | €215,011 | ▲ 33.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,860 | €15,860 | €33,360 | €72,360 | €125,360 | ▲ 73.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €14,000 | €31,500 | €70,500 | €123,500 | ▲ 75.2% |
| Profit (loss) carried forward14 | €59,805 | €68,957 | €69,096 | €69,652 | €71,051 | ▲ 2.0% |
| Amounts payable17/49 | €42,287 | €27,538 | €339,659 | €306,414 | €293,913 | ▼ 4.1% |
| Amounts payable after more than one year17 | €23,174 | €14,159 | €317,635 | €288,172 | €283,510 | ▼ 1.6% |
| Financial debts170/4 | - | €11,662 | - | - | - | - |
| Other amounts payable178/9 | - | €2,497 | €317,635 | €288,172 | €283,510 | ▼ 1.6% |
| Amounts payable within one year42/48 | €19,113 | €13,379 | €22,024 | €17,242 | €10,403 | ▼ 39.7% |
| Current portion of amounts payable after more than one year42 | - | €11,513 | €11,662 | - | - | - |
| Trade debts44 | - | €1,867 | €1,612 | €5,242 | €3,395 | ▼ 35.2% |
| Suppliers440/4 | - | €1,867 | €1,612 | €5,242 | €3,395 | ▼ 35.2% |
| Taxes, remuneration and social security45 | - | - | €8,750 | €12,000 | €7,008 | ▼ 41.6% |
| Taxes450/3 | - | - | €8,750 | €7,750 | €6,000 | ▼ 22.6% |
| Remuneration and social security454/9 | - | - | - | €4,250 | €1,008 | ▼ 76.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,344 | €9,152 | €17,639 | €39,556 | €54,399 | ▲ 37.5% |
| + Depreciation and write-downs630 | €10,539 | €11,476 | €47,176 | €50,648 | €46,343 | ▼ 8.5% |
| Operating cash flow (approximation) | €8,196 | €20,627 | €64,816 | €90,204 | €100,741 | ▲ 11.7% |
| Investment in fixed assets (approximation) | - | -€4,867 | -€373,374 | -€27,301 | -€9,076 | ▲ 66.8% |
| Change in cash | - | €7,489 | €2,737 | €23,077 | €53,193 | ▲ 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €54,399 ▲37.5%
Operating result €66,924, net result €54,399, both a record.
31-12
Financial
Liquidity triplescurrent ratio 21.18
Current ratio from 8.18 to 21.18; short-term debt falls from €17,242 to €10,403.
31-12
Financial
Equity above €200,000Eq €215,011 ▲33.9%
4 profitable years in a row build equity to €215,011.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
31-12
Financial
Equity above €150,000Eq €160,612 ▲32.7%
3 profitable years in a row build equity to €160,612.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 36 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €9,152
Net result €9,152 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €103,417 ▲9.7%
Equity rises from €94,265 to €103,417.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€2,344
Net result drops to -€2,344, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 100 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 36 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rixensart · 1 establishment unit since 2023
Ground area
763 m²
Building footprint
174 m²
Parcel 25091A0347/00E000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MEDI-RASH
since 20232.346.683.386
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091A0347/00E000 | Wallonia | 763 m² | 1 · 174 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878468622
Registered
12-01-2026
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.