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Medico

Active
Private limited companyfounded 200224 yrs activeHogesteenweg 8, 1850 Grimbergen, BelgiumKBO/BCE: BE 0477.697.878

Medico has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €-2k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 17% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
25 / 100
Weak▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency6▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.6 against 0.54 in 2024), and 93.9% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · 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
elevated failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-0.2%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 10206 sector peers (2025).
NBB · sector comparison
Position among 10206 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
23 d late
2024
on the day
2023
on the day
2022
on the day
2021
3 d early
2020
25 d early
2019
on the day
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
neutral · 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, abbreviated schema

Equity
€64k▼ 2.7%
2024 · €66k
2019: €463k 2020: €475k 2021: €484k 2022: €479k 2023: €522k 2024: €66k
2019 → 2025
Total assets
€1.05M▼ 8.7%
2024 · €1.15M
2019: €915k 2020: €1.14M 2021: €1.14M 2022: €873k 2023: €907k 2024: €1.15M
2019 → 2025
Net result
€-2k
2024 · €20k
2019: €64k 2020: €64k 2021: €16k 2022: €26k 2023: €43k 2024: €20k
2019 → 2025
Working capital
€-343k▲ 25.9%
2024 · €-463k
2019: €194k 2020: €186k 2021: €186k 2022: €161k 2023: €193k 2024: €-463k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€484k-€479k▼ 0.9%€522k▲ 8.9%€66k▼ 87.4%€64k▼ 2.7%
Operating result€31k-€30k▼ 3.1%€65k▲ 119%€30k▼ 53.5%€3k▼ 89.2%
Net result€16k-€26k▲ 60.1%€43k▲ 65.2%€20k▼ 52.9%€-2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40k€60kOperating result 2021: €31k€31kNet result 2021: €16k€16kOperating result 2022: €30k€30kNet result 2022: €26k€26kOperating result 2023: €65k€65kNet result 2023: €43k€43kOperating result 2024: €30k€30kNet result 2024: €20k€20kOperating result 2025: €3k€3kNet result 2025: €-2k€-2k20212022202320242025
The operating result has fallen two years in a row; 2025 is 89% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets €530k▼ 12.9%
Current assets €523k▼ 4.1%
Equity and liabilities €1.05M
Equity €64k▼ 2.7%
Debt €989k▼ 9.1%
The debt ratio falls from 94.3% to 93.9%: debt falls faster than equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84k
2024 · €109k
Cash flow
€79k
2024 · €99k
Solvency
6.1%
2024 · 5.7%
Current ratio
0.60
2024 · 0.54
Quick ratio
0.60
2024 · 0.54
Debt / equity
15.42
2024 · 16.50
ROE
-2.7%
2024 · 30.4%
ROA
-0.2%
2024 · 1.7%
Interest coverage
28.73
2024 · 41.90
Debt
€989k
2024 · €1.09M
Debt ≤ 1 year
€867k
2024 · €1.01M
Debt > 1 year
€123k
2024 · €79k
Income taxes
€5k
2024 · €15k
Staff costs
€68k
2024 · €80k
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€1.15M€1.05M
Fixed assets21/28€608k€530k
Tangible fixed assets22/27€607k€529k
Land and buildings22€500k€436k
Plant, machinery and equipment23€17k€13k
Furniture and vehicles24€12k€10k
Other tangible fixed assets26€79k€71k
Financial fixed assets28€945€945=
Current assets29/58€546k€523k
Amounts receivable within one year40/41€532k€475k
Trade receivables40€381k€439k
Other amounts receivable41€150k€36k
Cash at bank and in hand54/58€5k€30k
Deferred charges and accrued income490/1€9k€19k
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.05M
Equity10/15€66k€64k
Contributions10/11€6k€6k=
Reserves13€59k€59k=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€305€-1k
Amounts payable17/49€1.09M€989k
Amounts payable after more than one year17€79k€123k
Financial debts170/4€79k€123k
Amounts payable within one year42/48€1.01M€867k
Current portion of amounts payable after more than one year42€28k€61k
Trade debts44€145k€206k
Suppliers440/4€145k€206k
Taxes, remuneration and social security45€20k€13k
Taxes450/3€6k€8k
Remuneration and social security454/9€14k€5k
Other amounts payable47/48€815k€586k
Income statement Code20242025
Remuneration, social security and pensions62€80k€68k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€81k
Other operating charges640/8€8k€13k
Gross operating margin9900€197k€165k
Operating profit (loss)9901€30k€3k
Financial income75/76B€7k€3k
Recurring financial income75€7k€3k
Financial charges65/66B€3k€3k
Recurring financial charges65€3k€3k
Profit (loss) for the period before taxes9903€35k€4k
Income taxes67/77€15k€5k
Profit (loss) for the period9904€20k€-2k
Profit (loss) for the period to be appropriated9905€20k€-2k
Appropriation of the result
Profit (loss) to be appropriated9906€476k€-1k
Profit (loss) brought forward from the previous period14P€456k€305
Profit to be distributed694/7€476k-
Return on contributions (dividend)694€476k-
Social balance
Average headcount (FTE)90872.22.2=

The notes to these accounts (8 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

Next filing, fiscal year 2026, expected by 31-01-2027
2026
23-02
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
30-06
Financial Weakest financial yearnet €-2k ▼109%
Net result drops to €-2k, the lowest in the series.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial Equity above €500kEq €522k ▲8.9%
5 profitable years in a row build equity to €522k.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
2018
30-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
10-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 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, Grimbergen · 1 establishment unit since 2002
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.

Hogesteenweg 81850 Grimbergen
Ground area
452 m²
Building footprint
195 m²
Volume, LiDAR
1,102 m³
Parcel 23402E0354/00T000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hogesteenweg 8, 1850 Grimbergen
Warehousing and support activities for transportation
since 20022.100.612.402
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23402E0354/00T000
ProtectedTownscape or village viewDorpskern GrimbergenSource ↗
Flanders 452 m² 1 · 195 m² 11.1 m · 1 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

Of 1,895 companies in sector 46460 we hold annual accounts for 1,114. 526 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded06-06-2002
Fiscal year end30-06
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
52320
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.