MEDIAPAR
ActiveSummary
MEDIAPAR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of -€52,542. Equity is growing by ~2.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+5
Solvency70▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 4.7 against 4.82 in 2024; short-term debt: 21.3% and cash: 1% of total assets), but 54.6% of the assets are financed with debt.
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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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.4%
Return on assets
-1.1%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€52,542
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
24 d early
2023
21 d early
2022
30 d late
2021
22 d late
2020
3 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 days before 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€52,542▲ 64.8%
2024 · -€149,100
Working capital
€3.7m▼ 1.4%
2024 · €3.8m
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-€1.6m-€5,316▲ 99.7%-€4,243▲ 20.2%-€151,404▼ 3,468%-€55,753▲ 63.2%
Net result€888,616▲ 486%€5,504▼ 99.4%-€5,215-€149,100▼ 2,759%-€52,542▲ 64.8%
Equity€7.3m▲ 296%€7.3m▲ 0.1%€2.4m▼ 67.9%€2.2m▼ 6.3%€2.2m▼ 2.4%
Total assets€9.3m▲ 266%€9.0m▼ 3.6%€4.9m▼ 45.1%€4.8m▼ 2.9%€4.8m▼ 0.7%
Debt€396,792▼ 42.9%€58,091▼ 85.4%€989,938▲ 1,604%€993,550▲ 0.4%€1.0m▲ 1.7%
Working capital€8.9m▲ 382%€8.9m▲ 0.1%€3.9m▼ 55.8%€3.8m▼ 3.8%€3.7m▼ 1.4%
Why a figure moved sharply
- 2024 Net result -2,759% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55,753 in 2025 against €151,404 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€1 =
Current assets
€4.8m ▼ 0.7%
Equity and liabilities €4.8m
Equity
€2.2m ▼ 2.4%
Provisions
€1.6m =
Debt
€1.0m ▲ 1.7%
Debt's share of the balance-sheet total rises from 20.7% to 21.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.70▼
2024 · 4.82
Quick ratio
0.05▼
2024 · 0.13
Debt to equity
0.47▲
2024 · 0.45
ROE
-2.4%▲
2024 · -6.7%
ROA
-1.1%▲
2024 · -3.1%
Debt ≤ 1 year
€1.0m▲
2024 · €993,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €50,000 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €1.6m | - | - | - | - | - |
| Other operating charges640/8 | €631 | €243 | €12,862 | €113,224 | €1,209 | ▼ 98.9% |
| Gross operating margin9900 | -€6,134 | -€5,073 | €8,618 | -€38,180 | -€54,545 | ▼ 42.9% |
| Operating profit (loss)9901 | -€1.6m | -€5,316 | -€4,243 | -€151,404 | -€55,753 | ▲ 63.2% |
| Financial income75/76B | €2.5m | €20,779 | €264 | €3,487 | €4,534 | ▲ 30.0% |
| Recurring financial income75 | €2.5m | €20,779 | €262 | €3,487 | €4,534 | ▲ 30.0% |
| Non-recurring financial income76B | - | - | €2 | - | - | - |
| Financial charges65/66B | €5,735 | €7,459 | €1,235 | €1,183 | €1,323 | ▲ 11.9% |
| Recurring financial charges65 | €5,735 | €7,459 | €1,235 | €1,183 | €1,323 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €888,616 | €8,004 | -€5,215 | -€149,100 | -€52,542 | ▲ 64.8% |
| Income taxes67/77 | - | €2,500 | - | - | - | - |
| Profit (loss) for the period9904 | €888,616 | €5,504 | -€5,215 | -€149,100 | -€52,542 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €888,616 | €5,504 | -€5,215 | -€149,100 | -€52,542 | ▲ 64.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.3m | €9.0m | €4.9m | €4.8m | €4.8m | ▼ 0.7% |
| Fixed assets21/28 | €2 | €2 | €1 | €1 | €1 | = |
| Financial fixed assets28 | €2 | €2 | €1 | €1 | €1 | = |
| Current assets29/58 | €9.3m | €9.0m | €4.9m | €4.8m | €4.8m | ▼ 0.7% |
| Amounts receivable after more than one year29 | €2.7m | €2.7m | - | - | - | - |
| Other amounts receivable291 | €2.7m | €2.7m | - | - | - | - |
| Stocks and contracts in progress3 | €4.8m | €4.7m | €4.6m | €4.7m | €4.7m | ▲ 1.1% |
| Stocks30/36 | €4.8m | €4.7m | €4.6m | €4.7m | €4.7m | ▲ 1.1% |
| Amounts receivable within one year40/41 | €1.5m | €1.4m | €41,276 | €125,048 | - | - |
| Trade receivables40 | €29,730 | - | - | - | - | - |
| Other amounts receivable41 | €1.5m | €1.4m | €41,276 | €125,048 | - | - |
| Cash at bank and in hand54/58 | €204,990 | €174,103 | €292,986 | €8,125 | €46,832 | ▲ 476% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.3m | €9.0m | €4.9m | €4.8m | €4.8m | ▼ 0.7% |
| Equity10/15 | €7.3m | €7.3m | €2.4m | €2.2m | €2.2m | ▼ 2.4% |
| Contributions10/11 | €6.1m | €6.1m | €1.9m | €1.9m | €1.9m | = |
| Capital10 | €6.1m | €6.1m | €1.9m | €1.9m | €1.9m | = |
| Issued capital100 | €6.1m | €6.1m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €194,431 | €194,431 | €194,431 | €194,431 | €194,431 | = |
| Non-distributable reserves130/1 | €194,431 | €194,431 | €194,431 | €194,431 | €194,431 | = |
| Legal reserve130 | €194,431 | €194,431 | €194,431 | €194,431 | €194,431 | = |
| Profit (loss) carried forward14 | €1.0m | €1.1m | €265,540 | €116,440 | €63,898 | ▼ 45.1% |
| Provisions and deferred taxes16 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Provisions for liabilities and charges160/5 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Other liabilities and charges164/5 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Amounts payable17/49 | €396,792 | €58,091 | €989,938 | €993,550 | €1.0m | ▲ 1.7% |
| Amounts payable within one year42/48 | €396,792 | €58,091 | €989,938 | €993,550 | €1.0m | ▲ 1.7% |
| Financial debts43 | €320,780 | - | - | - | - | - |
| Credit institutions430/8 | €320,780 | - | - | - | - | - |
| Trade debts44 | €7,605 | €4,235 | €21,227 | €82,115 | €4,824 | ▼ 94.1% |
| Suppliers440/4 | €7,605 | €4,235 | €21,227 | €82,115 | €4,824 | ▼ 94.1% |
| Advances received on contracts in progress46 | €50,000 | €50,000 | €50,000 | - | - | - |
| Taxes, remuneration and social security45 | €18,407 | €3,856 | €9,776 | €2,500 | €96,812 | ▲ 3,772% |
| Taxes450/3 | €18,407 | €3,856 | €9,776 | €2,500 | €96,812 | ▲ 3,772% |
| Other amounts payable47/48 | - | - | €908,935 | €908,935 | €908,935 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €888,616 | €5,504 | -€5,215 | -€149,100 | -€52,542 | ▲ 64.8% |
| Operating cash flow (approximation) | €888,616 | €5,504 | -€5,215 | -€149,100 | -€52,542 | ▲ 64.8% |
| Investment in fixed assets (approximation) | - | €0 | €1 | €0 | €0 | - |
| Change in cash | - | -€30,887 | €118,883 | -€284,861 | €38,707 | ▲ 114% |
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
17-07
State Gazette act
Reappointments: Henri Herbots (director) and Belgold International BV (director)Permanent representative: Annik Herbots4 facts ▸
State Gazette act
Reappointments: Henri Herbots (director) and Belgold International BV (director)
Permanent representative: Annik Herbots4 facts ▸
- General meeting, 13-05-2022
- Director reappointment, Henri Herbots (director)
- Director reappointment, Belgold International BV (director)
- Permanent representative, Annik Herbots (permanent representative)
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€149,100
Net result drops to -€149,100, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity times 7current ratio 154.72
Current ratio from 23.49 to 154.72; short-term debt falls from €396,792 to €58,091.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €888,616 ▲486%
Net result €888,616, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 23.49
Current ratio from 3.67 to 23.49; short-term debt falls from €694,717 to €396,792.
31-12
Financial
Equity above €5mEq €7.3m ▲296%
2 profitable years in a row build equity to €7.3m.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Back to profitnet €151,665
Net result €151,665 after 2 loss-making years.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors
Board 2
Belgold International BV
CurrentDirector · Legal entity · perm. rep.: Annik Herbots
Henri Herbots
CurrentDirector
Permanent representatives 1
Annik Herbots
CurrentPermanent representative · for Belgold International BV
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
13 of this company's 14 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, Laarne · 1 establishment unit since 1994
Ground area
6,304 m²
Building footprint
3,289 m²
Volume, LiDAR
28,596 m³
Parcel 42009B0846/00A000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drapstraat 1, 9270 Laarne
since 19942.065.382.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009B0846/00A000 | Flanders | 6,304 m² | 1 · 3,289 m² | 10.5 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.
Mandate history
2 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Belgold International BV |
|
| Henri Herbots |
|
Structure & network
Owners and holdings
2 ownersChain of control
- Belgold International
- MEDIAPAR
Highest known parent: Belgold International. The sources do not say who stands above it.
Owners 2
-
100%
- PULLAARparentSourceaccounts PULLAAR 202267%
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
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded12-03-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440367825
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.