MEDIUS
ActiveSummary
MEDIUS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510,060 and a net result of €26,271. Equity has been growing by about 3.3% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-03-1991 Normal situation
- Activity
- “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en uitbreiding…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.229.708.019 8900 Ieper, since 08-03-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Board and ownership
- Luc VandenbulckeChair
- Mathieu VandenbulckeDirector · since 30-06-2023
- Holdings
- Shares in 1 company VINCENTIUS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €91,884
- ▲ 4.8%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €26,271
- ▲ 33.6%
- Equity
- €510,060
- ▲ 5.4%
- Total assets
- €1.5m
- ▲ 1.8%
Score breakdownraises riskNo main activity registeredFounded in 1991lowers riskSize: total assets €1.5mLegal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 36% of them on solvency, 57% on liquidity, 51% on profitability and 61% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 34 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 26% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,450 | - | - |
| Financial fixed assets | - | - | €0 | €0 | €0 |
| Depreciation and write-downs of the year | €53,119 | €52,712 | €54,171 | €51,994 | €49,584 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,894 | €53,272 | €53,569 | €53,119 | €52,712 | €54,171 | €51,994 | €49,584 | ▼ 4.6% |
| Other operating charges640/8 | - | - | - | €10,174 | €11,058 | €10,722 | €11,284 | €11,577 | ▲ 2.6% |
| Gross operating margin9900 | €63,125 | €71,047 | €85,893 | €65,242 | €98,492 | €89,907 | €87,672 | €91,884 | ▲ 4.8% |
| Operating profit (loss)9901 | -€1,420 | €12,120 | €23,260 | €1,950 | €34,722 | €25,015 | €24,394 | €30,722 | ▲ 25.9% |
| Financial income75/76B | - | - | - | €0 | €283 | €1,249 | €2,488 | €5,005 | ▲ 101% |
| Recurring financial income75 | €1,990 | €0 | €7 | €0 | €283 | €1,249 | €2,488 | €5,005 | ▲ 101% |
| Financial charges65/66B | - | - | - | €6,253 | €227 | €680 | €281 | €305 | ▲ 8.4% |
| Recurring financial charges65 | €2,647 | €6,798 | €6,313 | €6,253 | €227 | €680 | €281 | €305 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | -€2,078 | €5,322 | €16,954 | -€4,303 | €34,778 | €25,584 | €26,601 | €35,423 | ▲ 33.2% |
| Income taxes67/77 | €245 | €1,509 | €4,545 | €213 | €8,451 | €6,825 | €6,942 | €9,152 | ▲ 31.8% |
| Profit (loss) for the period9904 | -€2,323 | €3,813 | €12,409 | -€4,516 | €26,327 | €18,759 | €19,659 | €26,271 | ▲ 33.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,323 | €3,813 | €12,409 | -€4,516 | €26,327 | €18,759 | €19,659 | €26,271 | ▲ 33.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.1m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 5.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 7.9% |
| Land and buildings22 | - | - | - | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.008m | €0.006m | €0.004m | ▼ 28.4% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 15.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €0.004m | €0.006m | €0.008m | €0.007m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.006m | €0.008m | €0.007m | €0 | - | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | €0.5m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | €0.1m | ▼ 76.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.003m | €0.004m | €0.006m | ▲ 55.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.8% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | ▲ 5.4% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.04m | €0.04m | €0.05m | €0.05m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 23.5% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.004m | €0.005m | €0.006m | €0.008m | ▲ 20.9% |
| Legal reserve130 | - | - | - | €0.003m | €0.004m | €0.005m | €0.006m | €0.008m | ▲ 20.9% |
| Distributable reserves133 | - | - | - | €0.04m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 23.6% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €0.9m | €0.9m | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | = |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Financial debts170/4 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Other amounts payable178/9 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.008m | €0.006m | €0.009m | €0.009m | ▼ 2.4% |
| Trade debts44 | €0.02m | €0.005m | €0.001m | €0.01m | €0.001m | €0.005m | €0.001m | €0.001m | ▼ 19.7% |
| Suppliers440/4 | - | - | - | €0.01m | €0.001m | €0.005m | €0.001m | €0.001m | ▼ 19.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.006m | €0 | €196 | €0.002m | ▲ 841% |
| Taxes450/3 | - | - | - | €0.002m | €0.006m | €0 | €196 | €0.002m | ▲ 841% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.001m | €0.001m | €0.008m | €0.006m | ▼ 21.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 2.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,323 | €3,813 | €12,409 | -€4,516 | €26,327 | €18,759 | €19,659 | €26,271 | ▲ 33.6% |
| + Depreciation and write-downs630 | €48,894 | €53,272 | €53,569 | €53,119 | €52,712 | €54,171 | €51,994 | €49,584 | ▼ 4.6% |
| Operating cash flow (approximation) | €46,571 | €57,085 | €65,978 | €48,603 | €79,039 | €72,930 | €71,652 | €75,855 | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | -€98,884 | -€7,625 | €0 | €0 | -€8,450 | €0 | €0 | - |
| Change in cash | - | -€55,982 | €66,530 | €54,149 | €76,824 | €62,812 | €80,539 | -€376,277 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as MEDIUS has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MEDIUS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for MEDIUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-07-2026 | 2026-00328664 | |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00224533 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00274176 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00279807 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20186059 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25700194 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-33600381 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-35700216 | |
| 31-12-2017 | micro format | 10-07-2018 | 2018-31200398 | |
| 31-12-2016 | abbreviated format | 22-08-2017 | 2017-46500430 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 14-12-2023 Capital conversion · euro,e eenheidsmunt van de Europese Unie
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Luc Vandenbulcke |
|
| Mathieu Vandenbulcke |
|
| Denise Donck |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, algemene vergadering kan mandaat elke bestuurder te allen tijde zonder opgave redenen met onmiddellijke ingang beëindigen”
Articles of association, deed of 14-12-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity €1.1m Profit of €3,708 in 2025 (profit of €28,914 in 2024) Checked score 9650%
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of MEDIUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-12
Gazette deed
Reappointments: Luc Vandenbulcke (director) and Mathieu Vandenbulcke (director)Resignation: Denise Donck (bestuurder en voorzitter raad van bestuur) · Appointments: Luc Vandenbulcke (chair of the board) and Mathieu Vandenbulcke (vice-chair of the board) · Power of attorney14 points ▸
- Director reappointment, Luc Vandenbulcke (director)
- Director reappointment, Mathieu Vandenbulcke (director)
- Director resignation, Denise Donck ((gedelegeerd) bestuurder en voorzitter raad van bestuur)
- Board meeting, “collegiaal bestuursorgaan” (deed in Dutch)
- Director appointment, Luc Vandenbulcke (chair of the board)
- Director appointment, Mathieu Vandenbulcke (vice-chair of the board)
- Power of attorney, Johan Vandenbulcke
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “euro,e eenheidsmunt van de Europese Unie” (deed in Dutch)
- Capital, €371,840.29
- Registered office clause, “8900 Ieper,de Stuersstraat 55” (deed in Dutch)
- Other provision, “Coördinatie van de statuten, algemene vergadering” (deed in Dutch)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
6 activities
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en uitbreiding van een onroerend patrimonium,vooral door verhuring en andere overeenkomsten met derden in verband met hun gebruik,genot en opbrengst
- Het aankopen,opschikken,uitrusten,valoriseren en bouwen van onroerende goederen,al dan niet gemeubeld
- Beschikbare middelen beleggen in roerende goederen en waarden
- Belangen nemen door middel van inbreng,aankoop van aandelen of op een andere wijze in andere ondernemingen en vennootschappen
- Alle burgerlijke-,handels-,nijverheids-,financiële,roerende en onroerende of andere verrichtingen of handelingen doen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met haar voorwerp of die eenvoudig nuttig zijn of dit voorwerp vergemakkelijken
- Persoonlijke of zakelijke borgen stellen in het voordeel van derden
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33011F0567/00F000 | Flanders | 654 m² | 1 · 178 m² | 18.7 m · 5 |