MEDIAN
ActiveSummary
The annual accounts of MEDIAN for fiscal year 2025 show a net loss of 81% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €199,847 and a net result of -€211,589. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 7097 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-58
Solvency100▲+14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.27 against 1.69 in 2024; short-term debt: 23.2% and cash: 45.9% of total assets), and 23.2% of the assets are financed with debt.
Credit check for your own amount and term
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
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 2025Solvency, return and age of the figures
Solvency
76.8%
Return on assets
-81.3%
Age of the figures
9 mo
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
50 d early
2023
42 d early
2022
38 d early
2021
18 d early
2020
30 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€199,847▼ 51.4%
2024 · €411,436
Total assets
€260,195▼ 61.2%
2024 · €670,174
Net result
-€211,589
2024 · €56,020
Working capital
€197,197▲ 27.4%
2024 · €154,804
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€65,528-€61,598▲ 6.0%-€49,983▲ 18.9%-€346,918▼ 594%-€140,167▲ 59.6%
Net result-€61,892below the sector's middle half-€59,269below the sector's middle half▲ 4.2%-€58,013below the sector's middle half▲ 2.1%€56,020above the sector's middle half-€211,589below the sector's middle half
Equity€472,698above the sector's middle half▼ 11.6%€413,430above the sector's middle half▼ 12.5%€355,416above the sector's middle half▼ 14.0%€411,436above the sector's middle half▲ 15.8%€199,847above the sector's middle half▼ 51.4%
Total assets€685,406above the sector's middle half▲ 14.0%€551,422above the sector's middle half▼ 19.5%€608,381above the sector's middle half▲ 10.3%€670,174above the sector's middle half▲ 10.2%€260,195within the sector's middle half▼ 61.2%
Debt€212,708▲ 219%€137,992▼ 35.1%€252,965▲ 83.3%€258,738▲ 2.3%€60,348▼ 76.7%
Working capital€275,002above the sector's middle half▲ 13.6%€194,952above the sector's middle half▼ 29.1%€116,155above the sector's middle half▼ 40.4%€154,804above the sector's middle half▲ 33.3%€197,197above the sector's middle half▲ 27.4%
Solvency69.0%within the sector's middle half▼ 19.9pp75.0%within the sector's middle half▲ 6.0pp58.4%within the sector's middle half▼ 16.6pp61.4%within the sector's middle half▲ 3.0pp76.8%within the sector's middle half▲ 15.4pp
Current ratio3.33within the sector's middle half▼ 1.304.05within the sector's middle half▲ 0.721.58within the sector's middle half▼ 2.471.69within the sector's middle half▲ 0.114.27within the sector's middle half▲ 2.57
Return on assets (ROA)-9.0%below the sector's middle half▼ 12.0pp-10.7%below the sector's middle half▼ 1.7pp-9.5%below the sector's middle half▲ 1.2pp8.4%within the sector's middle half▲ 17.9pp-81.3%below the sector's middle half▼ 89.7pp
Staff (FTE)2.82.6▼ 7.1%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result stays negative: a loss of €140,167 in 2025 against €346,918 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,195
Fixed assets
€2,650 ▼ 99.1%
Current assets
€257,545 ▼ 31.8%
Equity and liabilities €260,195
Equity
€199,847 ▼ 51.4%
Debt
€60,348 ▼ 76.7%
Debt's share of the balance-sheet total falls from 38.6% to 23.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.30▼
2024 · 0.63
ROE
-105.9%▼
2024 · 13.6%
Debt ≤ 1 year
€60,348▼
2024 · €222,870
Income taxes
€3,811▲
2024 · €3,492
Staff costs
€239,084▼
2024 · €277,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €291,784 | €297,255 | €335,402 | €277,257 | €239,084 | ▼ 13.8% |
| Other operating charges640/8 | €250,726 | - | €143,579 | €128,283 | - | - |
| Gross operating margin9900 | €476,983 | €235,657 | €428,998 | €58,622 | €98,917 | ▲ 68.7% |
| Operating profit (loss)9901 | -€65,528 | -€61,598 | -€49,983 | -€346,918 | -€140,167 | ▲ 59.6% |
| Financial income75/76B | €4,334 | €8,548 | €6,072 | €412,757 | €51,529 | ▼ 87.5% |
| Recurring financial income75 | €4,334 | €4,509 | €5,691 | €3,257 | €51,529 | ▲ 1,482% |
| Non-recurring financial income76B | - | €4,039 | €381 | €409,500 | €51,529 | ▼ 87.4% |
| Financial charges65/66B | €4,254 | €1,719 | €1,884 | €6,327 | €119,140 | ▲ 1,783% |
| Recurring financial charges65 | €3,749 | €1,719 | €1,884 | €4,688 | €1,404 | ▼ 70.1% |
| Non-recurring financial charges66B | €505 | - | - | €1,639 | €117,736 | ▲ 7,083% |
| Profit (loss) for the period before taxes9903 | -€65,448 | -€54,769 | -€45,795 | €59,512 | -€207,778 | ▼ 449% |
| Income taxes67/77 | -€3,556 | €4,500 | €12,218 | €3,492 | €3,811 | ▲ 9.1% |
| Profit (loss) for the period9904 | -€61,892 | -€59,269 | -€58,013 | €56,020 | -€211,589 | ▼ 478% |
| Profit (loss) for the period to be appropriated9905 | -€61,892 | -€59,269 | -€58,013 | €56,020 | -€211,589 | ▼ 478% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €685,406 | €551,422 | €608,381 | €670,174 | €260,195 | ▼ 61.2% |
| Fixed assets21/28 | €292,500 | €292,500 | €292,500 | €292,500 | €2,650 | ▼ 99.1% |
| Tangible fixed assets22/27 | - | - | - | - | €2,650 | - |
| Furniture and vehicles24 | - | - | - | - | €2,650 | - |
| Financial fixed assets28 | €292,500 | €292,500 | €292,500 | €292,500 | €0 | ▼ 100% |
| Current assets29/58 | €392,906 | €258,922 | €315,881 | €377,674 | €257,545 | ▼ 31.8% |
| Stocks and contracts in progress3 | €2,676 | €1,874 | €1,136 | - | - | - |
| Stocks30/36 | €2,676 | €1,874 | €1,136 | - | - | - |
| Amounts receivable within one year40/41 | €196,943 | €142,514 | €93,155 | €3,258 | - | - |
| Trade receivables40 | €30,850 | €26 | €916 | - | - | - |
| Other amounts receivable41 | €166,093 | €142,488 | €92,239 | €3,258 | - | - |
| Current investments50/53 | €103,368 | - | €103,368 | €103,368 | €103,368 | = |
| Cash at bank and in hand54/58 | €647 | €51,156 | €52,542 | €221,601 | €119,329 | ▼ 46.2% |
| Deferred charges and accrued income490/1 | €89,272 | €63,378 | €65,680 | €49,447 | €34,848 | ▼ 29.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €685,406 | €551,422 | €608,381 | €670,174 | €260,195 | ▼ 61.2% |
| Equity10/15 | €472,698 | €413,430 | €355,416 | €411,436 | €199,847 | ▼ 51.4% |
| Contributions10/11 | €562,000 | €562,000 | €562,000 | €562,000 | €562,000 | = |
| Capital10 | €562,000 | €562,000 | €562,000 | €562,000 | €562,000 | = |
| Issued capital100 | €562,000 | €562,000 | €562,000 | €562,000 | €562,000 | = |
| Reserves13 | €159,568 | €159,568 | €159,568 | €159,568 | €159,568 | = |
| Non-distributable reserves130/1 | €159,568 | €159,568 | €159,568 | €159,568 | €159,568 | = |
| Legal reserve130 | €56,200 | €56,200 | €56,200 | €56,200 | €56,200 | = |
| Own shares acquired1312 | €103,368 | €103,368 | €103,368 | €103,368 | €103,368 | = |
| Profit (loss) carried forward14 | -€248,870 | -€308,138 | -€366,152 | -€310,132 | -€521,721 | ▼ 68.2% |
| Amounts payable17/49 | €212,708 | €137,992 | €252,965 | €258,738 | €60,348 | ▼ 76.7% |
| Amounts payable after more than one year17 | €94,804 | €74,022 | €53,239 | €35,868 | - | - |
| Financial debts170/4 | €94,804 | €74,022 | €53,239 | €35,868 | - | - |
| Amounts payable within one year42/48 | €117,904 | €63,970 | €199,726 | €222,870 | €60,348 | ▼ 72.9% |
| Financial debts43 | €60,428 | - | - | - | €15,489 | - |
| Credit institutions430/8 | €60,428 | - | - | - | €15,489 | - |
| Trade debts44 | €19,706 | €24,580 | €164,082 | €185,610 | €22,501 | ▼ 87.9% |
| Suppliers440/4 | €19,706 | €24,580 | €164,082 | €185,610 | €22,501 | ▼ 87.9% |
| Taxes, remuneration and social security45 | €4,200 | €4,500 | €35,644 | €37,260 | €22,358 | ▼ 40.0% |
| Taxes450/3 | €4,200 | €4,500 | €4,500 | €5,300 | €4,689 | ▼ 11.5% |
| Remuneration and social security454/9 | - | - | €31,144 | €31,960 | €17,669 | ▼ 44.7% |
| Other amounts payable47/48 | €33,569 | €34,890 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,892 | -€59,269 | -€58,013 | €56,020 | -€211,589 | ▼ 478% |
| Operating cash flow (approximation) | -€61,892 | -€59,269 | -€58,013 | €56,020 | -€211,589 | ▼ 478% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €289,850 | - |
| Change in cash | - | €50,509 | €1,386 | €169,059 | -€102,272 | ▼ 160% |
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
01-07
State Gazette act
Reappointments: Marc Peeters, Johan Tembuyser and Marc Verstraeten7 facts ▸
State Gazette act
Reappointments: Marc Peeters, Johan Tembuyser and Marc Verstraeten
7 facts ▸
- General meeting, 05-06-2026
- Board composition, Marc Peeters (chair of the board)
- Board composition, Johan Tembuyser (managing director)
- Board composition, Marc Verstraeten (managing director)
- Director reappointment, Marc Peeters (director)
- Director reappointment, Johan Tembuyser (director)
- Director reappointment, Marc Verstraeten (director)
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€211,589
Net result drops to -€211,589, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 4.27
Current ratio from 1.69 to 4.27; short-term debt falls from €222,870 to €60,348.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €56,020
Net result €56,020 after 3 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17,605
Net result €17,605 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26084078). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Johan Tembuyser
CurrentDirector · since 05-06-2026
Marc Peeters
CurrentDirector · since 05-06-2026
Marc Verstraeten
CurrentDirector · since 05-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2002
Ground area
1,375 m²
Building footprint
1,372 m²
Volume, LiDAR
14,593 m³
Parcel 23644H0058/00L000, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
MEDIAN
since 20022.095.747.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0058/00L000 | Flanders | 1,375 m² | 1 · 1,372 m² | 13.1 m · 4 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.
Mandate history
3 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Johan Tembuyser |
|
| Marc Peeters |
|
| Marc Verstraeten |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 652 EUR awarded · 652 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 180 EUR | 180 EUR |
| 2023 | 1 | 297 EUR | 297 EUR |
| 2022 | 1 | 175 EUR | 175 EUR |
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. 1,356 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
Founded25-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
73200Market research and public opinion polling
70200Business and other management consultancy
Contact
E-mail
info@median.beVilvoorde
Phone
02/2450101Vilvoorde
Fax
02/2480462Vilvoorde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476765787
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.