MEDICARE
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-09-2022, 58 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 filingsDeviation from the deadline
2021
58 d late
2021
4 d early
2020
25 d late
2019
4 d early
2018
4 d late
2017
on the day
2016
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€204,671▲ 1.1%
2021 · €202,451
Total assets
€577,551▲ 23.2%
2021 · €468,750
Net result
€102,221▼ 32.2%
2021 · €150,662
Working capital
€304,421▼ 0.1%
2021 · €304,676
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
Line2019202020212021
Operating result-€48,928-€130,956€152,749▲ 16.6%€107,458-
Net result-€49,037-€125,680€150,662▲ 19.9%€102,221-
Equity€111,108-€201,788▲ 81.6%€202,451▲ 0.3%€204,671-
Total assets€244,011-€288,064▲ 18.1%€468,750▲ 62.7%€577,551-
Debt€132,903-€86,276▼ 35.1%€266,300▲ 209%€372,879-
Working capital€104,292-€201,447▲ 93.2%€304,676▲ 51.2%€304,421-
Staff (FTE)10.9▼ 10.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2021 in colour, 2021 as the grey bar beneath
Assets €577,551
Fixed assets
€250 ▼ 50.0%
Current assets
€577,301 ▲ 23.3%
Equity and liabilities €577,551
Equity
€204,671 ▲ 1.1%
Debt
€372,879 ▲ 40.0%
Debt's share of the balance-sheet total rises from 56.8% to 64.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107,708▼
2021 · €153,749
Cash flow
€102,471▼
2021 · €151,662
Current ratio
2.12▼
2021 · 2.86
Debt to equity
1.82▲
2021 · 0.49
ROE
49.9%▼
2021 · 74.4%
ROA
17.7%▼
2021 · 32.1%
Interest coverage
14.88
Debt ≤ 1 year
€272,879▲
2021 · €163,575
Debt > 1 year
€100,000=
2021 · €100,000
Income taxes
€2,105▼
2021 · €3,343
Staff costs
€443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €443 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,862 | €1,000 | €1,000 | €250 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€350 | - |
| Other operating charges640/8 | - | - | - | €9,942 | - |
| Gross operating margin9900 | -€45,333 | €144,174 | €194,174 | €117,743 | - |
| Operating profit (loss)9901 | -€48,928 | €130,956 | €152,749 | €107,458 | - |
| Financial income75/76B | - | - | - | €4,106 | - |
| Recurring financial income75 | €3,539 | €2,281 | €3,923 | €4,106 | - |
| Financial charges65/66B | - | - | - | €7,238 | - |
| Recurring financial charges65 | €3,647 | €3,670 | €2,667 | €7,238 | - |
| Profit (loss) for the period before taxes9903 | -€49,037 | €129,567 | €154,005 | €104,326 | - |
| Income taxes67/77 | €1 | €3,887 | €3,343 | €2,105 | - |
| Profit (loss) for the period9904 | -€49,037 | €125,680 | €150,662 | €102,221 | - |
| Profit (loss) for the period to be appropriated9905 | -€49,037 | €125,680 | €150,662 | €102,221 | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €244,011 | €288,064 | €468,750 | €577,551 | - |
| Fixed assets21/28 | €7,664 | €1,500 | €500 | €250 | - |
| Intangible fixed assets21 | €2,500 | €1,500 | €500 | €250 | - |
| Financial fixed assets28 | €5,164 | - | - | - | - |
| Current assets29/58 | €236,347 | €286,564 | €468,250 | €577,301 | - |
| Amounts receivable after more than one year29 | - | - | - | €526,233 | - |
| Trade receivables290 | - | - | - | €121,233 | - |
| Other amounts receivable291 | - | - | - | €405,000 | - |
| Amounts receivable within one year40/41 | €202,115 | €180,042 | €405,574 | - | - |
| Cash at bank and in hand54/58 | €33,062 | €106,522 | €62,676 | €51,068 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €244,011 | €288,064 | €468,750 | €577,551 | - |
| Equity10/15 | €111,108 | €201,788 | €202,451 | €204,671 | - |
| Contributions10/11 | €59,000 | - | - | €59,000 | - |
| Reserves13 | €142,731 | €142,788 | €143,451 | €143,451 | - |
| Non-distributable reserves130/1 | - | - | - | €5,900 | - |
| Reserves not available under the articles1311 | - | - | - | €5,900 | - |
| Distributable reserves133 | - | - | - | €137,551 | - |
| Profit (loss) carried forward14 | -€90,623 | -€41,585 | -€90,623 | €2,221 | - |
| Amounts payable17/49 | €132,903 | €86,276 | €266,300 | €372,879 | - |
| Amounts payable after more than one year17 | - | - | €100,000 | €100,000 | - |
| Financial debts170/4 | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €132,055 | €85,116 | €163,575 | €272,879 | - |
| Trade debts44 | €23,252 | €6,149 | €10,232 | €12,717 | - |
| Suppliers440/4 | - | - | - | €12,717 | - |
| Taxes, remuneration and social security45 | - | - | - | €10,162 | - |
| Taxes450/3 | - | - | - | €10,162 | - |
| Other amounts payable47/48 | - | - | - | €250,000 | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,037 | €125,680 | €150,662 | €102,221 | - |
| + Depreciation and write-downs630 | €1,862 | €1,000 | €1,000 | €250 | - |
| Operating cash flow (approximation) | -€47,176 | €126,680 | €151,662 | €102,471 | - |
| Investment in fixed assets (approximation) | - | €5,164 | €0 | - | - |
| Change in cash | - | €73,460 | -€43,846 | - | - |
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
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €150,662 ▲19.9%
Operating result €152,749, net result €150,662, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
30-06
Financial
Back to profitnet €125,680
Net result €125,680 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €201,788 ▲81.6%
Equity rises from €111,108 to €201,788.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 4 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
24-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
1 ownerChain of control
- HYSOP
- MEDICARE
Highest known parent: HYSOP. The sources do not say who stands above it.
Owners 1
- HYSOPparent99%
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.