MEDINSAF

Active

Private limited companyfounded 20206 yrs activeGentsesteenweg 266, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0749.677.465

The computed 12-month bankruptcy probability of MEDINSAF is 10.7% (high). The 2024 annual accounts show negative equity (€-5k) and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 396 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability5▼-6

Solvency0▼-29

Growth53▲+1

Track record100

Bankruptcy probability, 12 months

10.7% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.75 against 1.0 in 2023; short-term debt: 128.7% and cash: 3.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 61

Relative position

BE, all sectors

reference

Sector 61

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-28.7%

Return on assets

-34.7%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-5k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

152 d late

2023

169 d late

2022

149 d late

2021

91 d late

← before the deadline after the 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 2024, micro schema

Turnover

€450k▼ 4.2%

2023 · €470k

2021: €593k 2022: €487k 2023: €470k

2021 → 2024

EBIT margin

-1.2%▼ 0.8pp

2023 · -0.4%

2021: -1.5% 2022: 1.7% 2023: -0.4%

2021 → 2024

Net result

€-6k▼ 174%

2023 · €-2k

2021: €-9k 2022: €8k 2023: €-2k

2021 → 2024

Working capital

€-5k▼ 9,693%

2023 · €-53

2021: €-8k 2022: €1k 2023: €-53

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€593k-€487k▼ 17.8%€470k▼ 3.6%€450k▼ 4.2%

Equity€-5k-€3k€969▼ 68.0%€-5k

Operating result€-9k-€8k€-2k€-5k▼ 198%

Net result€-9k-€8k€-2k€-6k▼ 174%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2024 against €2k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €16k

96.9%

Fixed assets €511▼ 50.0%

Current assets €16k▼ 25.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-5k▼

2023 · €-993

Cash flow

€-5k▼

2023 · €-1k

Solvency

-28.7%▼

2023 · 4.4%

Current ratio

0.75▼

2023 · 1.00

Quick ratio

0.24▼

2023 · 0.32

Debt / equity

-4.48

ROA

-34.7%▼

2023 · -9.3%

Interest coverage

-24.07▼

2023 · -4.17

Debt

€21k▼

2023 · €21k

Debt ≤ 1 year

€21k▼

2023 · €21k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€22k€16k▼

Formation expenses20€0-

Fixed assets21/28€1k€511▼

Tangible fixed assets22/27€1k€511▼

Plant, machinery and equipment23€1k€511▼

Current assets29/58€21k€16k▼

Stocks and contracts in progress3€14k€11k▼

Stocks30/36€14k€11k▼

Amounts receivable within one year40/41€6k€4k▼

Other amounts receivable41€6k€4k▼

Cash at bank and in hand54/58€571€524▼

Equity and liabilities

Total equity and liabilities10/49€22k€16k▼

Equity10/15€969€-5k▼

Contributions10/11€4k€4k=

Profit (loss) carried forward14€-3k€-9k▼

Amounts payable17/49€21k€21k▼

Amounts payable within one year42/48€21k€21k▼

Trade debts44€11k€14k▲

Suppliers440/4€11k€14k▲

Taxes, remuneration and social security45€10k€7k▼

Taxes450/3€2k€334▼

Remuneration and social security454/9€9k€7k▼

Income statement Code20232024

Turnover70€470k€450k▼

Goods, raw materials, services and sundry goods60/61€471k€453k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€830€511▼

Other operating charges640/8-€2k

Gross operating margin9900€-993€-3k▼

Operating profit (loss)9901€-2k€-5k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€238€205▼

Recurring financial charges65€238€205▼

Profit (loss) for the period before taxes9903€-2k€-6k▼

Profit (loss) for the period9904€-2k€-6k▼

Profit (loss) for the period to be appropriated9905€-2k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3k€-9k▼

Profit (loss) brought forward from the previous period14P€-970€-3k▼

The notes to these accounts (4 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 5Financial 1Filings 4

2025

30-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 152 days late

16-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 169 days late

2023

27-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 149 days late

2022

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

30-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 91 days late

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

Directors · office · real estate

Directors

2 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, Sint-Jans-Molenbeek · 1 establishment unit since 2020

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.

Gentsesteenweg 2661080 Sint-Jans-Molenbeek

Ground area

130 m²

Building footprint

131 m²

Volume, LiDAR

1,264 m³

Parcel 21526D0148/00L006, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MEDINSAF

Gentsesteenweg 266, 1080 Sint-Jans-MolenbeekAgents specialised in the wholesale of other particular products

since 20202.305.678.617

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21526D0148/00L006	Brussels	130 m²	1 · 131 m²	17.9 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Jans-Molenbeek2.305.678.617

1 permission

Toelating · Detailhandel · since 06-10-2020

Similar companies · same sector, comparable size

Of 1,376 companies in sector 61100 we hold annual accounts for 586. 56 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-07-2020

Fiscal year end31-12

Activities, NACEBEL

61100Wired, wireless and satellite telecommunications

61200Telecommunications

47242Retail sale of chocolate and confectionery

47260Retail trade

47620Retail trade

47621Retail sale of newspapers and periodicals

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:anas.mehdi07@hotmail.com

Establishment Sint-Jans-Molenbeek 2.305.678.617

Phone:0467614393

Establishment Sint-Jans-Molenbeek 2.305.678.617