MEDICIM

Active

Public limited companyfounded 200223 yrs activeStationsstraat 102-108, 2800 Mechelen, BelgiumKBO/BCE: BE 0478.823.474

MEDICIM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.84M) and a net result of €-5.25M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 1397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

33 / 100

Weak▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability67▲+33

Solvency34▲+31

Growth38▼-2

Stability100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.53 against 0.42 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2025

Solvency, return and age of the figures

Solvency

-13.8%

Return on assets

-18.9%

Age of the figures

8 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€3.8M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 d early

2024

9 d early

2023

6 d early

2022

17 d early

2021

19 d early

2020

47 d early

2019

21 d early

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€18.63M▼ 4.7%

2024 · €19.55M

2018: €13.36M 2019: €7.84M 2020: €6.60M 2021: €9.67M 2022: €15.90M 2023: €17.10M 2024: €19.55M

2018 → 2025

EBIT margin

10.8%▲ 3.8pp

2024 · 7.1%

2018: 6.9% 2019: 9.9% 2020: -22.0% 2021: 34.5% 2022: 1.7% 2023: -1.1% 2024: 7.1%

2018 → 2025

Net result

€-5.25M▼ 454%

2024 · €-948k

2018: €536k 2019: €539k 2020: €-1.45M 2021: €2.88M 2022: €-1.03M 2023: €-2.40M 2024: €-948k

2018 → 2025

Working capital

€-14.76M▲ 10.9%

2024 · €-16.57M

2018: €2.81M 2019: €-1.85M 2020: €-6.76M 2021: €-16.94M 2022: €-18.01M 2023: €-19.06M 2024: €-16.57M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€9.67M-€15.90M▲ 64.4%€17.10M▲ 7.6%€19.55M▲ 14.3%€18.63M▼ 4.7%

Equity€5.75M-€4.72M▼ 17.8%€2.32M▼ 50.8%€1.38M▼ 40.8%€-3.84M

Operating result€3.34M-€271k▼ 91.9%€-185k€1.38M€2.02M▲ 46.4%

Net result€2.88M-€-1.03M€-2.40M▼ 134%€-948k▲ 60.5%€-5.25M▼ 454%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €27.83M

40.9%

59.1%

Fixed assets €11.39M▼ 38.3%

Current assets €16.45M▲ 34.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€8.67M▼

2024 · €8.67M

Cash flow

€1.40M▼

2024 · €6.35M

Solvency

-13.8%▼

2024 · 4.5%

Current ratio

0.53▲

2024 · 0.42

Quick ratio

0.53▲

2024 · 0.42

Debt / equity

-8.25▼

2024 · 21.25

ROE

136.8%▲

2024 · -68.9%

ROA

-18.9%▼

2024 · -3.1%

Interest coverage

10.07▲

2024 · 6.58

Debt

€31.67M▲

2024 · €29.25M

Debt ≤ 1 year

€31.21M▲

2024 · €28.76M

Income taxes

€190k▲

2024 · €867

Staff costs

€14.13M▲

2024 · €13.83M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€30.63M€27.83M▼

Fixed assets21/28€18.44M€11.39M▼

Intangible fixed assets21€11.99M€11.16M▼

Tangible fixed assets22/27€234k€226k▼

Furniture and vehicles24€101k€153k▲

Other tangible fixed assets26€133k€74k▼

Financial fixed assets28€6.21M-

Companies linked by participating interests282/3€6.21M-

Participating interests282€6.21M-

Current assets29/58€12.19M€16.45M▲

Amounts receivable within one year40/41€11.90M€16.01M▲

Trade receivables40€11.69M€15.94M▲

Other amounts receivable41€214k€69k▼

Cash at bank and in hand54/58€78€78=

Deferred charges and accrued income490/1€291k€440k▲

Equity and liabilities

Total equity and liabilities10/49€30.63M€27.83M▼

Equity10/15€1.38M€-3.84M▼

Contributions10/11€1.03M€1.03M=

Capital10€1.03M€1.03M=

Issued capital100€1.03M€1.03M=

Reserves13€103k€103k=

Non-distributable reserves130/1€103k€103k=

Legal reserve130€103k€103k=

Profit (loss) carried forward14€244k€-5.01M▼

Investment grants15-€36k

Amounts payable17/49€29.25M€31.67M▲

Amounts payable within one year42/48€28.76M€31.21M▲

Financial debts43€25.22M€27.79M▲

Other loans439€25.22M€27.79M▲

Trade debts44€881k€558k▼

Suppliers440/4€881k€558k▼

Taxes, remuneration and social security45€2.66M€2.86M▲

Taxes450/3-€180k

Remuneration and social security454/9€2.66M€2.68M▲

Accrued charges and deferred income492/3€492k€461k▼

Income statement Code20242025

Operating income70/76A€25.45M€25.90M▲

Turnover70€19.55M€18.63M▼

Own construction capitalised72€4.58M€5.68M▲

Other operating income74€1.32M€1.59M▲

Operating charges60/66A€24.08M€23.88M▼

Services and other goods61€2.95M€3.04M▲

Remuneration, social security and pensions62€13.83M€14.13M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.29M€6.65M▼

Other operating charges640/8€2k-

Non-recurring operating charges66A€547€62k▲

Operating profit (loss)9901€1.38M€2.02M▲

Financial income75/76B€310€43k▲

Recurring financial income75€310€43k▲

Other financial income752/9€310€43k▲

Financial charges65/66B€2.33M€7.12M▲

Recurring financial charges65€1.35M€888k▼

Debt charges650€1.32M€860k▼

Other financial charges652/9€29k€28k▼

Non-recurring financial charges66B€979k€6.23M▲

Profit (loss) for the period before taxes9903€-947k€-5.06M▼

Income taxes67/77€867€190k▲

Taxes670/3€867€190k▲

Profit (loss) for the period9904€-948k€-5.25M▼

Profit (loss) for the period to be appropriated9905€-948k€-5.25M▼

Appropriation of the result

Profit (loss) to be appropriated9906€244k€-5.01M▼

Profit (loss) brought forward from the previous period14P€1.19M€244k▼

Social balance

Average headcount (FTE)9087112.0107.2▼

The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-5.25M

Net result drops to €-5.25M, the lowest in the series.

22-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

25-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

12-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €2.88M

Net result €2.88M after one loss-making year.

31-12

Financial Equity above €5MEq €5.75M ▲100%

Equity rises from €2.88M to €5.75M.

14-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

10-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

21-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

14-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

10-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

19 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, Mechelen · 1 establishment unit since 2006

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stationsstraat 102-1082800 Mechelen

Ground area

1.3 ha

Building footprint

2,248 m²

Volume, LiDAR

41,600 m³