Checked.be
Active
BE 0863.172.613Private limited company
MEDIUM
Bergweg 7 ·9308 Aalst, Belgium· 22 yrs active
Sector: Painting of buildings
(43341)
Conclusion
MEDIUM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €7k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €72k |
| Net result | €7k |
| Staff (FTE) | 7.1 |
| Better than sector | 50% |
Financial profile
74
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
74
Profitability
49
Solvency
71
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
74
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
79
2022
37
2023
86
2024
74
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.49 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.43 (≥ 1.0)
+5
Leverage
Debt/equity 1.58 (< 2.0)
+3
Profitability
ROE 10%
+3
Interest coverage
Interest coverage 22.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.4%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.7% | 39.1% | |
| Net result | €7k | €40k | |
| Equity | €72k | €193k | |
| Gross operating margin | €424k | €230k | |
| Staff costs | €404k | €224k |
€16k
+6.0%
22-25
€7k
-12.1%
22-25
€12k
-9.4%
22-25
€186k
-12.5%
22-25
€72k
+10.8%
22-25
€56k
+20.7%
22-25
7
+4.4%
22-25
€404k
-2.3%
22-25
€3k
+225.0%
22-25
€114k
-22.7%
22-25
€114k
-22.7%
22-25
1.49
+13.5%
22-25
1.43
+13.0%
22-25
38.7%
+26.5%
22-25
1.58
-30.2%
22-25
9.7%
-20.7%
22-25
3.8%
+0.4%
22-25
22.18
+10.3%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €16k | €15k | €-6k | €9k |
| Net profit | €7k | €8k | €-11k | €2k |
| Cash flow | €12k | €13k | €-6k | €5k |
| Staff costs | €404k | €414k | €360k | €324k |
| Income taxes | €3k | €959 | €-743 | €2k |
| Dividends | - | - | - | - |
| Total assets | €186k | €213k | €173k | €156k |
| Equity | €72k | €65k | €57k | €68k |
| Debt | €114k | €148k | €116k | €88k |
| of which ≤ 1y | €114k | €148k | €116k | €88k |
| of which > 1y | - | - | - | - |
| Working capital | €56k | €47k | €38k | €50k |
| Employees (FTE) | 7.1 | 6.8 | 6.3 | 6.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.49 | 1.32 | 1.33 | 1.57 |
| Quick ratio | 1.43 | 1.27 | 1.26 | 1.49 |
| Working capital ratio | 30.3% | 22.0% | 21.8% | 32.1% |
| Solvency | 38.7% | 30.6% | 32.9% | 43.3% |
| Debt / equity | 1.58 | 2.27 | 2.04 | 1.31 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 22.18 | 20.12 | -11.36 | 4.07 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 3.8% | 3.8% | -6.1% | 1.5% |
| ROE | 9.7% | 12.3% | -18.4% | 3.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €186k | €213k | €173k | €156k |
| Fixed assets | 21/28 | €16k | €18k | €19k | €17k |
| Tangible fixed assets | 22/27 | €14k | €16k | €17k | €15k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €171k | €194k | €154k | €138k |
| Stocks & contracts in progress | 3 | €7k | €7k | €8k | €7k |
| Amounts receivable within one year | 40/41 | €54k | €49k | €28k | €43k |
| Cash & bank | 54/58 | €109k | €127k | €115k | €81k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €186k | €213k | €173k | €156k |
| Equity | 10/15 | €72k | €65k | €57k | €68k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €66k | €59k | €51k | €61k |
| Amounts payable | 17/49 | €114k | €148k | €116k | €88k |
| Amounts payable within one year | 42/48 | €114k | €148k | €116k | €88k |
| Trade debts payable within one year | 44 | €97k | €129k | €75k | €66k |
| Income statement | |||||
| Gross operating margin | 9900 | €424k | €434k | €357k | €336k |
| Operating result | 9901 | €11k | €10k | €-11k | €7k |
| Financial income | 75 | €3 | €3 | €35 | - |
| Financial charges | 65 | €709 | €737 | €555 | €2k |
| Result before taxes | 9903 | €10k | €9k | €-11k | €4k |
| Income taxes | 67/77 | €3k | €959 | €-743 | €2k |
| Net result for the period | 9904 | €7k | €8k | €-11k | €2k |
| Result to be appropriated | 9905 | €7k | €8k | €-11k | €2k |
Legal Structure
| NACE primary | Painting of buildings(43341) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2004 |
| Status | Active |
| Postal code | 9308 |
Establishment units
MEDIUM
since 20042.135.673.348
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029B0491/00F002 | Flanders | 374 m² | 1 · 172 m² | 11.9 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-11k ▼558%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Painting of buildings4334145441Joinery installation43320Floor and wall tiling43331Specialised construction activities4334345421
Names & trade names
| Legal nameNL | MEDIUM |
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