MEDISERVE
ActiveSummary
MEDISERVE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300k and a net result of €17k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-18
Solvency83▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.86 in 2024; short-term debt: 40.3% and cash: 11.1% of total assets), and 41.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58.3%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
58 d late
2022
7 d early
2021
on the day
2020
41 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€300k▲ 6.0%
2024 · €283k
2019: €100klowest in 7 years
2020: €133k▲ +33.4% vs 2019
2021: €162k▲ +21.2% vs 2020
2022: €180k▲ +11.4% vs 2021
2023: €252k▲ +40.0% vs 2022
2024: €283k▲ +12.1% vs 2023
2025: €300k▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€514k▼ 3.8%
2024 · €534k
2019: €601khighest in 7 years
2020: €548k▼ -8.8% vs 2019
2021: €544k▼ -0.8% vs 2020
2022: €518k▼ -4.8% vs 2021
2023: €564k▲ +9.0% vs 2022
2024: €534k▼ -5.4% vs 2023
2025: €514k▼ -3.8% vs 2024lowest in 7 years
2019 → 2025
Net result
€17k▼ 44.5%
2024 · €31k
2019: €17k
2020: €33k▲ +95.0% vs 2019
2021: €28k▼ -15.2% vs 2020
2022: €18k▼ -35.0% vs 2021
2023: €72k▲ +291% vs 2022highest in 7 years
2024: €31k▼ -57.5% vs 2023
2025: €17k▼ -44.5% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-25k▲ 16.4%
2024 · €-30k
2019: €-191klowest in 7 years
2020: €-104k▲ +45.7% vs 2019
2021: €-96k▲ +7.3% vs 2020
2022: €-93k▲ +3.2% vs 2021
2023: €-59k▲ +36.2% vs 2022
2024: €-30k▲ +49.8% vs 2023
2025: €-25k▲ +16.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€180k▲ 11.4%€252k▲ 40.0%€283k▲ 12.1%€300k▲ 6.0%
2021: €162klowest in 5 years
2022: €180k▲ +11.4% vs 2021
2023: €252k▲ +40.0% vs 2022
2024: €283k▲ +12.1% vs 2023
2025: €300k▲ +6.0% vs 2024highest in 5 years
Operating result€60k-€42k▼ 29.5%€123k▲ 189%€60k▼ 51.5%€39k▼ 34.3%
2021: €60k
2022: €42k▼ -29.5% vs 2021
2023: €123k▲ +189% vs 2022highest in 5 years
2024: €60k▼ -51.5% vs 2023
2025: €39k▼ -34.3% vs 2024lowest in 5 years
Net result€28k-€18k▼ 35.0%€72k▲ 291%€31k▼ 57.5%€17k▼ 44.5%
2021: €28k
2022: €18k▼ -35.0% vs 2021
2023: €72k▲ +291% vs 2022highest in 5 years
2024: €31k▼ -57.5% vs 2023
2025: €17k▼ -44.5% vs 2024lowest in 5 years
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 has fallen two years in a row; 2025 is 34% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €514k
Fixed assets
€331k ▼ 4.9%
Current assets
€182k ▼ 1.8%
Equity and liabilities €514k
Equity
€300k ▲ 6.0%
Debt
€214k ▼ 14.9%
Debt's share of the balance-sheet total falls from 47.1% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €92k
Cash flow
€36k▼
2024 · €63k
Current ratio
0.88▲
2024 · 0.86
Quick ratio
0.57▼
2024 · 0.57
Debt to equity
0.71▼
2024 · 0.89
ROE
5.7%▼
2024 · 10.8%
ROA
3.3%▼
2024 · 5.7%
Interest coverage
3.95▼
2024 · 5.79
Debt ≤ 1 year
€207k▼
2024 · €215k
Debt > 1 year
€7k▼
2024 · €36k
Income taxes
€8k▼
2024 · €14k
Staff costs
€249▲
2024 · €93
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€534k€514k▼
Fixed assets21/28€349k€331k▼
Tangible fixed assets22/27€348k€330k▼
Land and buildings22€342k€325k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€2k€2k=
Financial fixed assets28€995€995=
Current assets29/58€185k€182k▼
Stocks and contracts in progress3€62k€64k▲
Stocks30/36€62k€64k▲
Amounts receivable within one year40/41€45k€8k▼
Trade receivables40€8k€4k▼
Other amounts receivable41€37k€3k▼
Cash at bank and in hand54/58€28k€57k▲
Deferred charges and accrued income490/1€50k€54k▲
Equity and liabilities
Total equity and liabilities10/49€534k€514k▼
Equity10/15€283k€300k▲
Contributions10/11€19k€19k=
Reserves13€264k€281k▲
Tax-exempt reserves132€14k€14k=
Distributable reserves133€250k€267k▲
Amounts payable17/49€251k€214k▼
Amounts payable after more than one year17€36k€7k▼
Financial debts170/4€36k€7k▼
Amounts payable within one year42/48€215k€207k▼
Current portion of amounts payable after more than one year42€32k€29k▼
Financial debts43€50k€30k▼
Credit institutions430/8€50k€30k▼
Trade debts44€26k€43k▲
Suppliers440/4€26k€43k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€103k€99k▼
Income statement
Code20242025
Remuneration, social security and pensions62€93€249▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€19k▼
Other operating charges640/8€8k€18k▲
Gross operating margin9900€100k€77k▼
Operating profit (loss)9901€60k€39k▼
Financial income75/76B€1k€103▼
Recurring financial income75€1k€103▼
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€45k€24k▼
Income taxes67/77€14k€8k▼
Profit (loss) for the period9904€31k€17k▼
Profit (loss) for the period to be appropriated9905€31k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€17k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€31k€17k▼
To other reserves6921€31k€17k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €93 | €249 | ▲ 169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €19k | €16k | €32k | €19k | ▼ 39.6% |
| Other operating charges640/8 | - | €8k | €15k | €8k | €18k | ▲ 122% |
| Gross operating margin9900 | €89k | €70k | €154k | €100k | €77k | ▼ 23.1% |
| Operating profit (loss)9901 | €60k | €42k | €123k | €60k | €39k | ▼ 34.3% |
| Financial income75/76B | - | €19 | €336 | €1k | €103 | ▼ 91.7% |
| Recurring financial income75 | €30 | €19 | €336 | €1k | €103 | ▼ 91.7% |
| Financial charges65/66B | - | €14k | €17k | €16k | €15k | ▼ 6.5% |
| Recurring financial charges65 | €15k | €14k | €17k | €16k | €15k | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €45k | €29k | €106k | €45k | €24k | ▼ 45.6% |
| Income taxes67/77 | €16k | €10k | €34k | €14k | €8k | ▼ 48.0% |
| Profit (loss) for the period9904 | €28k | €18k | €72k | €31k | €17k | ▼ 44.5% |
| Profit (loss) for the period to be appropriated9905 | €28k | €18k | €72k | €31k | €17k | ▼ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €544k | €518k | €564k | €534k | €514k | ▼ 3.8% |
| Fixed assets21/28 | €397k | €378k | €376k | €349k | €331k | ▼ 4.9% |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €396k | €377k | €375k | €348k | €330k | ▼ 5.0% |
| Land and buildings22 | - | €376k | €372k | €342k | €325k | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | €0 | €4k | €3k | ▼ 23.9% |
| Furniture and vehicles24 | - | €1k | €2k | €2k | €2k | = |
| Financial fixed assets28 | €995 | €995 | €995 | €995 | €995 | = |
| Current assets29/58 | €147k | €140k | €189k | €185k | €182k | ▼ 1.8% |
| Stocks and contracts in progress3 | €46k | €45k | €51k | €62k | €64k | ▲ 3.3% |
| Stocks30/36 | - | €45k | €51k | €62k | €64k | ▲ 3.3% |
| Amounts receivable within one year40/41 | €46k | €42k | €92k | €45k | €8k | ▼ 83.2% |
| Trade receivables40 | - | €34k | €68k | €8k | €4k | ▼ 44.5% |
| Other amounts receivable41 | - | €8k | €23k | €37k | €3k | ▼ 91.4% |
| Cash at bank and in hand54/58 | €52k | €51k | €43k | €28k | €57k | ▲ 99.3% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €50k | €54k | ▲ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €544k | €518k | €564k | €534k | €514k | ▼ 3.8% |
| Equity10/15 | €162k | €180k | €252k | €283k | €300k | ▲ 6.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €110k | €128k | €233k | €264k | €281k | ▲ 6.4% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €14k | €14k | €14k | €14k | = |
| Distributable reserves133 | - | €112k | €219k | €250k | €267k | ▲ 6.8% |
| Profit (loss) carried forward14 | €33k | €33k | - | - | - | - |
| Amounts payable17/49 | €382k | €338k | €312k | €251k | €214k | ▼ 14.9% |
| Amounts payable after more than one year17 | €139k | €105k | €64k | €36k | €7k | ▼ 81.1% |
| Financial debts170/4 | - | €105k | €64k | €36k | €7k | ▼ 81.1% |
| Amounts payable within one year42/48 | €243k | €233k | €248k | €215k | €207k | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | - | €34k | €31k | €32k | €29k | ▼ 7.8% |
| Financial debts43 | - | €52k | €72k | €50k | €30k | ▼ 40.0% |
| Credit institutions430/8 | - | €52k | €72k | €50k | €30k | ▼ 40.0% |
| Trade debts44 | €33k | €29k | €32k | €26k | €43k | ▲ 63.3% |
| Suppliers440/4 | - | €29k | €32k | €26k | €43k | ▲ 63.3% |
| Taxes, remuneration and social security45 | - | €14k | €3k | €4k | €5k | ▲ 41.8% |
| Taxes450/3 | - | €14k | €3k | €4k | €5k | ▲ 41.8% |
| Other amounts payable47/48 | - | €104k | €110k | €103k | €99k | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €18k | €72k | €31k | €17k | ▼ 44.5% |
| + Depreciation and write-downs630 | €20k | €19k | €16k | €32k | €19k | ▼ 39.6% |
| Operating cash flow (approximation) | €48k | €37k | €88k | €63k | €36k | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | €0 | €-13k | €-5k | €-2k | ▲ 57.4% |
| Change in cash | - | €-1k | €-8k | €-15k | €28k | ▲ 289% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €17k ▼44.5%
Net result drops to €17k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Highest result since 2019net €72k ▲291%
Operating result €123k, net result €72k, both a record.
31-12
Financial
Equity above €200kEq €252k ▲40%
5 profitable years in a row build equity to €252k.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €150kEq €162k ▲21.2%
3 profitable years in a row build equity to €162k.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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, Ninove · 1 establishment unit since 2002
Ground area
255 m²
Building footprint
437 m²
Volume, LiDAR
3,245 m³
Parcel 41362B1142/00K000, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Graanmarkt 27/29, 9400 Ninove
since 20022.095.788.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1142/00K000 | Flanders | 255 m² | 1 · 437 m² | 15.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 790 EUR awarded · 790 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 626 EUR | 626 EUR |
| 2022 | 1 | 164 EUR | 164 EUR |
Schemes
Hulpmiddelen voor personen met een beperkte mobiliteit
Recognitions · licences · registrations
Care and welfare
1 serviceMEDISERVE
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Of 1,070 companies in sector 47741 we hold annual accounts for 644. 476 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
Founded07-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47120Other non-specialised retail sale
63920Other information service activities
77225Rental and leasing activities
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.