Medicar
ActiveSummary
Medicar has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372k and a net result of €163k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+35
Solvency88▲+16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 1.75 in 2024; short-term debt: 34.9% and cash: 30.5% of total assets), and 36.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.4%
Return on assets
27.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €372k
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
38 d early
2023
65 d early
2022
12 d early
2021
2 d early
2020
31 d late
2019
94 d late
← 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€372k▲ 56.8%
2024 · €237k
2018: €443k
2019: €530k▲ +19.6% vs 2018
2020: €672k▲ +26.9% vs 2019highest value
2022: €126klowest value
2023: €225k▲ +78.9% vs 2022
2024: €237k▲ +5.4% vs 2023
2025: €372k▲ +56.8% vs 2024
2018 → 2025
Total assets
€587k▲ 15.1%
2024 · €510k
2018: €2.20Mhighest value
2019: €1.99M▼ -9.6% vs 2018
2020: €2.15M▲ +8.1% vs 2019
2022: €579k
2023: €591k▲ +2.1% vs 2022
2024: €510k▼ -13.8% vs 2023lowest value
2025: €587k▲ +15.1% vs 2024
2018 → 2025
Net result
€163k▲ 1,252%
2024 · €12k
2018: €33k
2019: €87k▲ +159% vs 2018
2020: €142k▲ +64.2% vs 2019
2022: €-96klowest value
2023: €99k▲ +203% vs 2022
2024: €12k▼ -87.9% vs 2023
2025: €163k▲ +1252% vs 2024highest value
2018 → 2025
Working capital
€339k▲ 94.2%
2024 · €175k
2018: €-307klowest value
2019: €62k▲ +120% vs 2018
2020: €162k▲ +160% vs 2019
2022: €60k
2023: €149k▲ +150% vs 2022
2024: €175k▲ +17.3% vs 2023
2025: €339k▲ +94.2% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€672k-€126k▼ 81.3%€225k▲ 78.9%€237k▲ 5.4%€372k▲ 56.8%
2020: €672khighest value
2022: €126klowest value
2023: €225k▲ +78.9% vs 2022
2024: €237k▲ +5.4% vs 2023
2025: €372k▲ +56.8% vs 2024
Operating result€213k-€-96k€96k€13k▼ 86.1%€225k▲ 1,582%
2020: €213k
2022: €-96klowest value
2023: €96k▲ +200% vs 2022
2024: €13k▼ -86.1% vs 2023
2025: €225k▲ +1582% vs 2024highest value
Net result€142k-€-96k€99k€12k▼ 87.9%€163k▲ 1,252%
2020: €142k
2022: €-96klowest value
2023: €99k▲ +203% vs 2022
2024: €12k▼ -87.9% vs 2023
2025: €163k▲ +1252% vs 2024highest value
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,582% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587k
Fixed assets
€43k ▼ 58.3%
Current assets
€544k ▲ 33.7%
Equity and liabilities €587k
Equity
€372k ▲ 56.8%
Debt
€215k ▼ 21.2%
Debt's share of the balance-sheet total falls from 53.5% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€285k▲
2024 · €83k
Cash flow
€223k▲
2024 · €82k
Current ratio
2.66▲
2024 · 1.75
Debt to equity
0.58▼
2024 · 1.15
ROE
43.8%▲
2024 · 5.1%
ROA
27.8%▲
2024 · 2.4%
Interest coverage
16.09▲
2024 · 5.18
Debt ≤ 1 year
€205k▼
2024 · €232k
Debt > 1 year
€10k▼
2024 · €37k
Income taxes
€55k▲
2024 · €5k
Staff costs
€40k▼
2024 · €747k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€510k€587k▲
Fixed assets21/28€103k€43k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€103k€43k▼
Furniture and vehicles24€103k€43k▼
Current assets29/58€407k€544k▲
Amounts receivable after more than one year29€264k€236k▼
Other amounts receivable291€264k€236k▼
Amounts receivable within one year40/41€67k€94k▲
Trade receivables40€58k€90k▲
Other amounts receivable41€9k€4k▼
Current investments50/53-€30k
Cash at bank and in hand54/58€64k€179k▲
Deferred charges and accrued income490/1€12k€4k▼
Equity and liabilities
Total equity and liabilities10/49€510k€587k▲
Equity10/15€237k€372k▲
Contributions10/11€6k€6k=
Reserves13€232k€367k▲
Distributable reserves133€232k€367k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€273k€215k▼
Amounts payable after more than one year17€37k€10k▼
Financial debts170/4€37k€10k▼
Amounts payable within one year42/48€232k€205k▼
Current portion of amounts payable after more than one year42€68k€27k▼
Financial debts43€69k€34k▼
Credit institutions430/8€69k€34k▼
Trade debts44€23k€106k▲
Suppliers440/4€23k€106k▲
Taxes, remuneration and social security45€73k€8k▼
Taxes450/3€15k€8k▼
Remuneration and social security454/9€58k€226▼
Other amounts payable47/48€0€29k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€747k€40k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€60k▼
Other operating charges640/8€41k€23k▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€874k€348k▼
Operating profit (loss)9901€13k€225k▲
Financial income75/76B€20k€11k▼
Recurring financial income75€20k€11k▼
Financial charges65/66B€16k€18k▲
Recurring financial charges65€16k€18k▲
Profit (loss) for the period before taxes9903€17k€218k▲
Income taxes67/77€5k€55k▲
Profit (loss) for the period9904€12k€163k▲
Profit (loss) for the period to be appropriated9905€12k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€163k▲
Transfer from equity791/2-€28k
Transfer to equity691/2€12k€163k▲
To other reserves6921€12k€163k▲
Profit to be distributed694/7-€28k
Return on contributions (dividend)694-€28k
Social balance
Average headcount (FTE)908716.70.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €6k | €2k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €855k | €830k | €747k | €40k | ▼ 94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €185k | €109k | €94k | €70k | €60k | ▼ 13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €6k | €28k | €41k | €23k | ▼ 45.0% |
| Non-recurring operating charges66A | - | €0 | €0 | €2k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.22M | €874k | €1.05M | €874k | €348k | ▼ 60.2% |
| Operating profit (loss)9901 | €213k | €-96k | €96k | €13k | €225k | ▲ 1,582% |
| Financial income75/76B | - | €7k | €13k | €20k | €11k | ▼ 46.0% |
| Recurring financial income75 | €2k | €7k | €13k | €20k | €11k | ▼ 46.0% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €8k | €10k | €16k | €18k | ▲ 10.6% |
| Recurring financial charges65 | €21k | €8k | €10k | €16k | €18k | ▲ 10.6% |
| Non-recurring financial charges66B | - | €220 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €193k | €-98k | €99k | €17k | €218k | ▲ 1,158% |
| Income taxes67/77 | €51k | €-1k | €176 | €5k | €55k | ▲ 945% |
| Profit (loss) for the period9904 | €142k | €-96k | €99k | €12k | €163k | ▲ 1,252% |
| Profit (loss) for the period to be appropriated9905 | €142k | €-96k | €99k | €12k | €163k | ▲ 1,252% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.15M | €579k | €591k | €510k | €587k | ▲ 15.1% |
| Fixed assets21/28 | €1.28M | €220k | €180k | €103k | €43k | ▼ 58.3% |
| Intangible fixed assets21 | €131k | €4k | €2k | €0 | - | - |
| Tangible fixed assets22/27 | €1.15M | €216k | €178k | €103k | €43k | ▼ 58.3% |
| Plant, machinery and equipment23 | - | €304 | €0 | - | - | - |
| Furniture and vehicles24 | - | €215k | €178k | €103k | €43k | ▼ 58.3% |
| Current assets29/58 | €876k | €359k | €411k | €407k | €544k | ▲ 33.7% |
| Amounts receivable after more than one year29 | - | - | - | €264k | €236k | ▼ 10.6% |
| Other amounts receivable291 | - | - | - | €264k | €236k | ▼ 10.6% |
| Stocks and contracts in progress3 | €31k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €266k | €187k | €263k | €67k | €94k | ▲ 40.4% |
| Trade receivables40 | - | €147k | €197k | €58k | €90k | ▲ 55.9% |
| Other amounts receivable41 | - | €40k | €66k | €9k | €4k | ▼ 55.6% |
| Current investments50/53 | - | - | - | - | €30k | - |
| Cash at bank and in hand54/58 | €547k | €152k | €137k | €64k | €179k | ▲ 182% |
| Deferred charges and accrued income490/1 | - | €20k | €12k | €12k | €4k | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.15M | €579k | €591k | €510k | €587k | ▲ 15.1% |
| Equity10/15 | €672k | €126k | €225k | €237k | €372k | ▲ 56.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €651k | €120k | €220k | €232k | €367k | ▲ 58.2% |
| Distributable reserves133 | - | €120k | €220k | €232k | €367k | ▲ 58.2% |
| Profit (loss) carried forward14 | €2k | €0 | - | - | €0 | - |
| Amounts payable17/49 | €1.48M | €453k | €366k | €273k | €215k | ▼ 21.2% |
| Amounts payable after more than one year17 | €767k | €153k | €104k | €37k | €10k | ▼ 73.3% |
| Financial debts170/4 | - | €153k | €104k | €37k | €10k | ▼ 73.3% |
| Amounts payable within one year42/48 | €714k | €300k | €262k | €232k | €205k | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | €153k | €99k | €68k | €27k | ▼ 59.6% |
| Financial debts43 | - | €12k | €57k | €69k | €34k | ▼ 50.3% |
| Credit institutions430/8 | - | €12k | €57k | €69k | €34k | ▼ 50.3% |
| Trade debts44 | €89k | €43k | €21k | €23k | €106k | ▲ 351% |
| Suppliers440/4 | - | €43k | €21k | €23k | €106k | ▲ 351% |
| Taxes, remuneration and social security45 | - | €91k | €84k | €73k | €8k | ▼ 88.4% |
| Taxes450/3 | - | €17k | €15k | €15k | €8k | ▼ 43.3% |
| Remuneration and social security454/9 | - | €74k | €68k | €58k | €226 | ▼ 99.6% |
| Other amounts payable47/48 | - | €0 | €2k | €0 | €29k | - |
| Accrued charges and deferred income492/3 | - | - | €320 | €3k | €0 | ▼ 100% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €-96k | €99k | €12k | €163k | ▲ 1,252% |
| + Depreciation and write-downs630 | €185k | €109k | €94k | €70k | €60k | ▼ 13.8% |
| Operating cash flow (approximation) | €327k | €13k | €193k | €82k | €223k | ▲ 173% |
| Investment in fixed assets (approximation) | - | - | €-55k | €8k | €0 | ▼ 100% |
| Change in cash | - | - | €-16k | €-73k | €116k | ▲ 258% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €163k ▲1,252%
Operating result €225k, net result €163k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €99k
Net result €99k after one loss-making year.
31-12
Financial
Equity above €200kEq €225k ▲78.9%
Equity rises from €126k to €225k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 94 days late
2019
31-12
Financial
Equity above €500kEq €530k ▲19.6%
2 profitable years in a row build equity to €530k.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Ieper · 1 establishment unit since 1995
Ground area
2,436 m²
Building footprint
215 m²
Volume, LiDAR
799 m³
Parcel 33036B0076/00Z000, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MEDICAR
since 19952.073.440.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036B0076/00Z000 | Flanders | 2,436 m² | 1 · 215 m² | 4.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,389 EUR awarded · 3,389 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,389 EUR | 3,389 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 263 companies in sector 86920 we hold annual accounts for 130. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
86920Human health activities
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Scores and ratios are computed by Checked and are not a credit decision.