MEDICOM
ActiveSummary
MEDICOM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €367,993 and a net result of -€8,529. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 38% of 877 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+8
Solvency58▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.11 in 2023; short-term debt: 25.2% and cash: 2.5% of total assets), and 67.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
32.6%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,529
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
2025
not confirmed
2024
29 d late
2023
33 d early
2022
70 d early
2021
16 d late
2020
55 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#4 company by total assets in the province of Namur, Publishing sector#5 company by equity in the province of Namur, Publishing sector#5 oldest company in the province of Namur, Publishing sector
Equity
€367,993▼ 2.3%
2023 · €376,521
Total assets
€1.1m▼ 4.3%
2023 · €1.2m
Net result
-€8,529▲ 64.9%
2023 · -€24,312
Working capital
-€238,196▲ 29.5%
2023 · -€337,901
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€5,626€31,366€30,098▼ 4.0%-€14,630€4,169
Net result-€19,803below the sector's middle half€18,175within the sector's middle half€18,658within the sector's middle half▲ 2.7%-€24,312below the sector's middle half-€8,529below the sector's middle half▲ 64.9%
Equity€364,001above the sector's middle half▼ 5.2%€382,175above the sector's middle half▲ 5.0%€400,833above the sector's middle half▲ 4.9%€376,521above the sector's middle half▼ 6.1%€367,993above the sector's middle half▼ 2.3%
Total assets€1.3mabove the sector's middle half▼ 5.8%€1.2mabove the sector's middle half▼ 1.1%€1.2mabove the sector's middle half▲ 0.3%€1.2mabove the sector's middle half▼ 5.5%€1.1mabove the sector's middle half▼ 4.3%
Debt€892,342▼ 6.0%€860,521▼ 3.6%€845,907▼ 1.7%€801,026▼ 5.3%€759,279▼ 5.2%
Working capital-€323,222below the sector's middle half▼ 22.3%-€305,237below the sector's middle half▲ 5.6%-€302,835below the sector's middle half▲ 0.8%-€337,901below the sector's middle half▼ 11.6%-€238,196below the sector's middle half▲ 29.5%
Solvency29.0%within the sector's middle half▲ 0.2pp30.8%within the sector's middle half▲ 1.8pp32.2%within the sector's middle half▲ 1.4pp32.0%within the sector's middle half▼ 0.2pp32.6%within the sector's middle half▲ 0.7pp
Current ratio0.04below the sector's middle half▼ 0.180.13below the sector's middle half▲ 0.090.16below the sector's middle half▲ 0.030.11below the sector's middle half▼ 0.060.16below the sector's middle half▲ 0.06
Return on assets (ROA)-1.6%within the sector's middle half▼ 1.7pp1.5%within the sector's middle half▲ 3.0pp1.5%within the sector's middle half=-2.1%within the sector's middle half▼ 3.6pp-0.8%within the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,169 after a loss of €14,630 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 5.0%
Current assets
€46,139 ▲ 15.7%
Equity and liabilities €1.1m
Equity
€367,993 ▼ 2.3%
Debt
€759,279 ▼ 5.2%
Debt's share of the balance-sheet total falls from 68.0% to 67.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71,197▲
2023 · €49,273
Cash flow
€58,500▲
2023 · €39,591
Debt to equity
2.06▼
2023 · 2.13
ROE
-2.3%▲
2023 · -6.5%
Interest coverage
5.84▲
2023 · 5.04
Debt ≤ 1 year
€284,335▼
2023 · €377,793
Debt > 1 year
€474,288▲
2023 · €423,232
Income taxes
€624▲
2023 · -€17
Staff costs
-€174
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 0.4% 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | -€174 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,810 | €51,000 | €59,259 | €63,903 | €67,029 | ▲ 4.9% |
| Other operating charges640/8 | - | €7,850 | €13,218 | €9,825 | €10,515 | ▲ 7.0% |
| Gross operating margin9900 | €48,957 | €90,216 | €102,575 | €59,098 | €81,538 | ▲ 38.0% |
| Operating profit (loss)9901 | -€5,626 | €31,366 | €30,098 | -€14,630 | €4,169 | ▲ 128% |
| Financial income75/76B | - | - | - | €86 | €111 | ▲ 29.6% |
| Recurring financial income75 | - | - | - | €86 | €111 | ▲ 29.6% |
| Financial charges65/66B | - | €11,648 | €11,141 | €9,785 | €12,184 | ▲ 24.5% |
| Recurring financial charges65 | €14,177 | €11,648 | €11,141 | €9,785 | €12,184 | ▲ 24.5% |
| Profit (loss) for the period before taxes9903 | -€19,803 | €19,718 | €18,957 | -€24,329 | -€7,904 | ▲ 67.5% |
| Income taxes67/77 | - | €1,544 | €299 | -€17 | €624 | ▲ 3,839% |
| Profit (loss) for the period9904 | -€19,803 | €18,175 | €18,658 | -€24,312 | -€8,529 | ▲ 64.9% |
| Transfer from tax-exempt reserves789 | - | €11,900 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€19,803 | €30,075 | €18,658 | -€24,312 | -€8,529 | ▲ 64.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 4.3% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.0% |
| Land and buildings22 | - | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €10,681 | €7,454 | €4,521 | €1,759 | ▼ 61.1% |
| Furniture and vehicles24 | - | €16,228 | €53,549 | €45,767 | €33,935 | ▼ 25.9% |
| Current assets29/58 | €14,302 | €46,724 | €59,161 | €39,893 | €46,139 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €3,053 | €29,700 | €31,734 | €25,555 | €14,366 | ▼ 43.8% |
| Trade receivables40 | - | €29,658 | €23,421 | €18,245 | €5,818 | ▼ 68.1% |
| Other amounts receivable41 | - | €42 | €8,313 | €7,310 | €8,548 | ▲ 16.9% |
| Cash at bank and in hand54/58 | €8,364 | €14,243 | €24,988 | €10,751 | €28,655 | ▲ 167% |
| Deferred charges and accrued income490/1 | - | €2,781 | €2,439 | €3,587 | €3,118 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 4.3% |
| Equity10/15 | €364,001 | €382,175 | €400,833 | €376,521 | €367,993 | ▼ 2.3% |
| Contributions10/11 | - | €436,414 | €436,414 | €436,414 | €436,414 | = |
| Reserves13 | €11,900 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€84,313 | -€54,238 | -€35,580 | -€59,892 | -€68,421 | ▼ 14.2% |
| Amounts payable17/49 | €892,342 | €860,521 | €845,907 | €801,026 | €759,279 | ▼ 5.2% |
| Amounts payable after more than one year17 | €554,818 | €508,560 | €483,911 | €423,232 | €474,288 | ▲ 12.1% |
| Financial debts170/4 | - | €508,560 | €483,911 | €423,232 | €474,288 | ▲ 12.1% |
| Amounts payable within one year42/48 | €337,524 | €351,961 | €361,996 | €377,793 | €284,335 | ▼ 24.7% |
| Current portion of amounts payable after more than one year42 | - | €46,258 | €54,070 | €55,197 | €71,983 | ▲ 30.4% |
| Trade debts44 | €2,357 | €477 | €1,088 | - | €144 | - |
| Suppliers440/4 | - | €477 | €1,088 | - | €144 | - |
| Taxes, remuneration and social security45 | - | €3,544 | €3,842 | €2,736 | €759 | ▼ 72.2% |
| Taxes450/3 | - | €3,544 | €3,842 | €2,736 | €759 | ▼ 72.2% |
| Other amounts payable47/48 | - | €301,682 | €302,996 | €319,861 | €211,449 | ▼ 33.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €656 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,803 | €18,175 | €18,658 | -€24,312 | -€8,529 | ▲ 64.9% |
| + Depreciation and write-downs630 | €47,810 | €51,000 | €59,259 | €63,903 | €67,029 | ▲ 4.9% |
| Operating cash flow (approximation) | €28,007 | €69,175 | €77,917 | €39,591 | €58,500 | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | -€4,932 | -€50,867 | -€13,977 | -€10,506 | ▲ 24.8% |
| Change in cash | - | €5,879 | €10,744 | -€14,237 | €17,904 | ▲ 226% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€24,312
Net result drops to -€24,312, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €18,658 ▲2.7%
Net result €18,658, the highest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €18,175
Net result €18,175 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Back to profitnet €1,456
Net result €1,456 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Eghezée · 1 establishment unit since 1993
Ground area
4,479 m²
Building footprint
144 m²
Parcel 92335A0089/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route de la Hesbaye,Bolinne 81, 5310 Eghezée
since 19932.061.971.164
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92335A0089/00E000 | Wallonia | 4,479 m² | 1 · 144 m² | - |
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.
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Of 718 companies in sector 58190 we hold annual accounts for 214. 127 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
Founded30-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
58190Other publishing activities, excluding software publishing
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
gestion@medicom.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449870063
Registered
11-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.