MEDISERV
ActiveSummary
MEDISERV has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,428 and a net result of €20,649. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-10
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 10.19 against 10.13 in 2024; short-term debt: 9.7% and cash: 41.7% of total assets), and 9.7% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.3%
Return on assets
14.9%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €125,428
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
58 d early
2023
61 d early
2022
61 d early
2021
59 d early
2020
60 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€125,428▲ 19.7%
2024 · €104,779
Total assets
€138,922▲ 19.7%
2024 · €116,091
Net result
€20,649▼ 21.7%
2024 · €26,384
Working capital
€124,032▲ 20.2%
2024 · €103,222
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,861▲ 56.2%-€7,344▲ 17.1%-€6,468▲ 11.9%€25,679€18,369▼ 28.5%
Net result-€6,855below the sector's middle half▲ 62.1%-€3,612below the sector's middle half▲ 47.3%-€3,200below the sector's middle half▲ 11.4%€26,384within the sector's middle half€20,649within the sector's middle half▼ 21.7%
Equity€85,207below the sector's middle half▼ 7.4%€81,595within the sector's middle half▼ 4.2%€78,395below the sector's middle half▼ 3.9%€104,779below the sector's middle half▲ 33.7%€125,428within the sector's middle half▲ 19.7%
Total assets€88,501below the sector's middle half▼ 6.8%€90,048within the sector's middle half▲ 1.7%€86,645below the sector's middle half▼ 3.8%€116,091below the sector's middle half▲ 34.0%€138,922below the sector's middle half▲ 19.7%
Debt€3,294▲ 12.0%€8,453▲ 157%€8,250▼ 2.4%€11,312▲ 37.1%€13,495▲ 19.3%
Working capital€85,207within the sector's middle half▼ 7.2%€78,701within the sector's middle half▼ 7.6%€76,170within the sector's middle half▼ 3.2%€103,222within the sector's middle half▲ 35.5%€124,032within the sector's middle half▲ 20.2%
Solvency96.3%above the sector's middle half▼ 0.6pp90.6%above the sector's middle half▼ 5.7pp90.5%above the sector's middle half▼ 0.1pp90.3%above the sector's middle half▼ 0.2pp90.3%above the sector's middle half=
Current ratio26.87above the sector's middle half▼ 5.3610.31above the sector's middle half▼ 16.5610.23above the sector's middle half▼ 0.0810.13above the sector's middle half▼ 0.1110.19above the sector's middle half▲ 0.07
Return on assets (ROA)-7.7%below the sector's middle half▲ 11.3pp-4.0%below the sector's middle half▲ 3.7pp-3.7%below the sector's middle half▲ 0.3pp22.7%above the sector's middle half▲ 26.4pp14.9%above the sector's middle half▼ 7.9pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,922
Fixed assets
€1,396 ▼ 10.3%
Current assets
€137,526 ▲ 20.1%
Equity and liabilities €138,922
Equity
€125,428 ▲ 19.7%
Debt
€13,495 ▲ 19.3%
Debt's share of the balance-sheet total stays at 9.7%.
Key figures and ratios
EBITDA
€19,087▼
2024 · €26,348
Cash flow
€21,367▼
2024 · €27,053
Debt to equity
0.11▼
2024 · 0.11
ROE
16.5%▼
2024 · 25.2%
Interest coverage
518.81▼
2024 · 745.76
Debt ≤ 1 year
€13,495▲
2024 · €11,312
Income taxes
€2,339▼
2024 · €2,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264 | €449 | €669 | €669 | €718 | ▲ 7.5% |
| Other operating charges640/8 | €640 | €647 | €1,078 | €1,072 | €1,076 | ▲ 0.4% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | -€7,957 | -€6,248 | -€4,721 | €27,420 | €20,163 | ▼ 26.5% |
| Operating profit (loss)9901 | -€8,861 | -€7,344 | -€6,468 | €25,679 | €18,369 | ▼ 28.5% |
| Financial income75/76B | €2,536 | €4,035 | €3,621 | €3,467 | €4,656 | ▲ 34.3% |
| Recurring financial income75 | €2,536 | €4,035 | €3,621 | €3,467 | €4,656 | ▲ 34.3% |
| Financial charges65/66B | €500 | €131 | €31 | €35 | €37 | ▲ 4.1% |
| Recurring financial charges65 | €500 | €131 | €31 | €35 | €37 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | -€6,825 | -€3,441 | -€2,878 | €29,111 | €22,988 | ▼ 21.0% |
| Income taxes67/77 | €29 | €172 | €322 | €2,727 | €2,339 | ▼ 14.2% |
| Profit (loss) for the period9904 | -€6,855 | -€3,612 | -€3,200 | €26,384 | €20,649 | ▼ 21.7% |
| Profit (loss) for the period to be appropriated9905 | -€6,855 | -€3,612 | -€3,200 | €26,384 | €20,649 | ▼ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,501 | €90,048 | €86,645 | €116,091 | €138,922 | ▲ 19.7% |
| Fixed assets21/28 | €0 | €2,894 | €2,226 | €1,557 | €1,396 | ▼ 10.3% |
| Tangible fixed assets22/27 | €0 | €2,894 | €2,226 | €1,557 | €1,396 | ▼ 10.3% |
| Furniture and vehicles24 | €0 | €2,894 | €2,226 | €1,557 | €1,396 | ▼ 10.3% |
| Current assets29/58 | €88,501 | €87,154 | €84,420 | €114,534 | €137,526 | ▲ 20.1% |
| Amounts receivable after more than one year29 | €62,262 | €62,262 | €62,262 | €62,262 | €62,262 | = |
| Other amounts receivable291 | €62,262 | €62,262 | €62,262 | €62,262 | €62,262 | = |
| Amounts receivable within one year40/41 | €10,225 | €10,334 | €11,834 | €12,638 | €12,775 | ▲ 1.1% |
| Trade receivables40 | €10,085 | €10,206 | €11,834 | €12,638 | €12,775 | ▲ 1.1% |
| Other amounts receivable41 | €140 | €128 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €13,478 | €10,426 | €6,668 | €35,730 | €57,928 | ▲ 62.1% |
| Deferred charges and accrued income490/1 | €2,536 | €4,133 | €3,656 | €3,904 | €4,562 | ▲ 16.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,501 | €90,048 | €86,645 | €116,091 | €138,922 | ▲ 19.7% |
| Equity10/15 | €85,207 | €81,595 | €78,395 | €104,779 | €125,428 | ▲ 19.7% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €23,234 | €19,621 | €16,422 | €42,806 | €63,454 | ▲ 48.2% |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | €17,036 | €13,424 | €10,224 | €36,608 | €57,257 | ▲ 56.4% |
| Amounts payable17/49 | €3,294 | €8,453 | €8,250 | €11,312 | €13,495 | ▲ 19.3% |
| Amounts payable within one year42/48 | €3,294 | €8,453 | €8,250 | €11,312 | €13,495 | ▲ 19.3% |
| Trade debts44 | €1,553 | €6,075 | €5,908 | €5,636 | €7,319 | ▲ 29.9% |
| Suppliers440/4 | €1,553 | €6,075 | €5,908 | €5,636 | €7,319 | ▲ 29.9% |
| Taxes, remuneration and social security45 | €1,741 | €2,378 | €2,342 | €5,676 | €6,176 | ▲ 8.8% |
| Taxes450/3 | €1,741 | €2,378 | €2,342 | €5,676 | €6,176 | ▲ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,855 | -€3,612 | -€3,200 | €26,384 | €20,649 | ▼ 21.7% |
| + Depreciation and write-downs630 | €264 | €449 | €669 | €669 | €718 | ▲ 7.5% |
| Operating cash flow (approximation) | -€6,590 | -€3,163 | -€2,531 | €27,053 | €21,367 | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | -€3,343 | €0 | €0 | -€558 | - |
| Change in cash | - | -€3,052 | -€3,758 | €29,062 | €22,198 | ▼ 23.6% |
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
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €26,384
Net result €26,384 after 6 loss-making years.
31-12
Financial
Equity above €100,000Eq €104,779 ▲33.7%
Equity rises from €78,395 to €104,779.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€58,301
Net result drops to -€58,301, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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-Katelijne-Waver · 1 establishment unit since 1986
Ground area
1,712 m²
Building footprint
156 m²
Volume, LiDAR
931 m³
Parcel 12035B0004/00T002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MEDISERV
since 19862.036.722.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0004/00T002 | Flanders | 1,711 m² | 1 · 156 m² | 8.6 m · 2 fl. |
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 6,144 companies in sector 46190 we hold annual accounts for 2,577. 1,959 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429072867
Also
9925:BE0429072867
Registered
16-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.