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MEDIPARS

Active
Private limited companyfounded 20233 yrs activeToekomststraat 6, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0802.395.777
Summary

The computed 12-month bankruptcy probability of MEDIPARS is 4.3% (elevated). The 2024 annual accounts show equity of €203,701 and a net result of €114,243. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency48▼-45
Growth78
Track record94
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.13 against 2.96 in 2023; short-term debt: 14.6% and cash: 29% of total assets), but 77.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
76 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 68 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

History

On 5 June 2023, MEDIPARS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€207,669
EBIT margin
56.0%
Net result
€114,243▲ 32.9%
2023 · €85,959
Working capital
€146,281▲ 79.0%
2023 · €81,735
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
Line20232024
Turnover€207,669-
Operating result€116,215-€145,159▲ 24.9%
Net result€85,959-€114,243▲ 32.9%
EBIT margin56.0%-
Equity€89,459-€203,701▲ 128%
Total assets€131,126-€892,679▲ 581%
Debt€41,668-€688,978▲ 1,554%
Working capital€81,735-€146,281▲ 79.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2023: €116,215€116,215Net result 2023: €85,959€85,959Operating result 2024: €145,159€145,159Net result 2024: €114,243€114,24320232024€0€50,000€100,000€150,000Operating result 2023: €116,215€116,000Net result 2023: €85,959€86,000Operating result 2024: €145,159€145,000Net result 2024: €114,243€114,00020232024
The operating result rises in 2024; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €892,679
Fixed assets €616,509 ▲ 7,882%
Current assets €276,170 ▲ 124%
Equity and liabilities €892,679
Equity €203,701 ▲ 128%
Debt €688,978 ▲ 1,554%
Debt's share of the balance-sheet total rises from 31.8% to 77.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€172,449▲
2023 · €117,173
Cash flow
€141,532▲
2023 · €86,917
Current ratio
2.13▼
2023 · 2.96
Debt to equity
3.38▲
2023 · 0.47
ROE
56.1%▼
2023 · 96.1%
ROA
12.8%▼
2023 · 65.6%
Interest coverage
11.03▼
2023 · 456.12
Debt ≤ 1 year
€129,888▲
2023 · €41,668
Debt > 1 year
€559,089
Income taxes
€15,283▼
2023 · €30,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.3% went bankrupt
0.9% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,602 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€131,126€892,679▲
Fixed assets21/28€7,723€616,509▲
Tangible fixed assets22/27€7,723€616,509▲
Land and buildings22-€609,600
Plant, machinery and equipment23-€922
Furniture and vehicles24€7,723€5,987▼
Current assets29/58€123,403€276,170▲
Amounts receivable within one year40/41€2,172€17,384▲
Trade receivables40€2,172€17,384▲
Cash at bank and in hand54/58€121,231€258,786▲
Equity and liabilities
Total equity and liabilities10/49€131,126€892,679▲
Equity10/15€89,459€203,701▲
Contributions10/11€3,500€3,500=
Profit (loss) carried forward14€85,959€200,201▲
Amounts payable17/49€41,668€688,978▲
Amounts payable after more than one year17-€559,089
Financial debts170/4-€559,089
Amounts payable within one year42/48€41,668€129,888▲
Current portion of amounts payable after more than one year42-€54,008
Trade debts44€384€16,269▲
Suppliers440/4€384€16,269▲
Taxes, remuneration and social security45€30,000€45,283▲
Taxes450/3€30,000€45,283▲
Other amounts payable47/48€11,284€14,328▲
Income statement Code20232024
Turnover70€207,669-
Goods, raw materials, services and sundry goods60/61€90,845-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€958€27,290▲
Other operating charges640/8-€3,633
Gross operating margin9900€117,173€176,082▲
Operating profit (loss)9901€116,215€145,159▲
Financial charges65/66B€257€15,633▲
Recurring financial charges65€257€15,633▲
Profit (loss) for the period before taxes9903€115,959€129,526▲
Income taxes67/77€30,000€15,283▼
Profit (loss) for the period9904€85,959€114,243▲
Profit (loss) for the period to be appropriated9905€85,959€114,243▲
Appropriation of the result
Profit (loss) to be appropriated9906€85,959€200,201▲
Profit (loss) brought forward from the previous period14P-€85,959

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€207,669--
Goods, raw materials, services and sundry goods60/61€90,845--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€958€27,290▲ 2,748%
Other operating charges640/8-€3,633-
Gross operating margin9900€117,173€176,082▲ 50.3%
Operating profit (loss)9901€116,215€145,159▲ 24.9%
Financial charges65/66B€257€15,633▲ 5,985%
Recurring financial charges65€257€15,633▲ 5,985%
Profit (loss) for the period before taxes9903€115,959€129,526▲ 11.7%
Income taxes67/77€30,000€15,283▼ 49.1%
Profit (loss) for the period9904€85,959€114,243▲ 32.9%
Profit (loss) for the period to be appropriated9905€85,959€114,243▲ 32.9%
Line20232024Change
Assets
Total assets20/58€131,126€892,679▲ 581%
Fixed assets21/28€7,723€616,509▲ 7,882%
Tangible fixed assets22/27€7,723€616,509▲ 7,882%
Land and buildings22-€609,600-
Plant, machinery and equipment23-€922-
Furniture and vehicles24€7,723€5,987▼ 22.5%
Current assets29/58€123,403€276,170▲ 124%
Amounts receivable within one year40/41€2,172€17,384▲ 700%
Trade receivables40€2,172€17,384▲ 700%
Cash at bank and in hand54/58€121,231€258,786▲ 113%
Equity and liabilities
Total equity and liabilities10/49€131,126€892,679▲ 581%
Equity10/15€89,459€203,701▲ 128%
Contributions10/11€3,500€3,500=
Profit (loss) carried forward14€85,959€200,201▲ 133%
Amounts payable17/49€41,668€688,978▲ 1,554%
Amounts payable after more than one year17-€559,089-
Financial debts170/4-€559,089-
Amounts payable within one year42/48€41,668€129,888▲ 212%
Current portion of amounts payable after more than one year42-€54,008-
Trade debts44€384€16,269▲ 4,138%
Suppliers440/4€384€16,269▲ 4,138%
Taxes, remuneration and social security45€30,000€45,283▲ 50.9%
Taxes450/3€30,000€45,283▲ 50.9%
Other amounts payable47/48€11,284€14,328▲ 27.0%
Line20232024Change
Profit (loss) for the period9904€85,959€114,243▲ 32.9%
+ Depreciation and write-downs630€958€27,290▲ 2,748%
Operating cash flow (approximation)€86,917€141,532▲ 62.8%
Investment in fixed assets (approximation)--€636,076-
Change in cash-€137,555-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial Equity above €200,000Eq €203,701 ▲128%
2 profitable years in a row build equity to €203,701.
15-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Vilvoorde · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
1,427 m²
Building footprint
318 m²
Volume, LiDAR
2,023 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
2 establishment units
MEDIPARS
Toekomststraat 6, 1800 VilvoordeGeneral medical practice
since 20232.346.607.370
MEDIPARS
Humbeeksesteenweg 234, 1850 GrimbergenGeneral medical practice
since 20232.346.607.469
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23025C0224/02Z002 Flanders 1,191 m² 1 · 135 m² 7.4 m · 2 fl.
23642D0695/00P000 Flanders 236 m² 1 · 183 m² 12.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded05-06-2023
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802395777
Also 9925:BE0802395777
Registered 30-01-2025

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.