MEDIVET
ActiveSummary
MEDIVET has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55,379 and a net result of €55,909. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 24% of 1470 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+36
Solvency52▲+27
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.83 in 2023; short-term debt: 32.9% and cash: 34.8% of total assets), but 73.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.8%
Return on assets
27.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1470 sector peers (2024).
NBB · sector comparisonPosition among 1470 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
50 d early
2022
31 d early
2021
30 d early
2020
33 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€55,379
2023 · -€530
Total assets
€206,601▲ 12.1%
2023 · €184,311
Net result
€55,909
2023 · -€7,505
Working capital
€37,660
2023 · -€12,674
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,529-€28,720€2,363-€3,215€71,222
Net result€1,976below the sector's middle half-€33,197below the sector's middle half-€2,747below the sector's middle half▲ 91.7%-€7,505below the sector's middle half▼ 173%€55,909within the sector's middle half
Equity€42,918within the sector's middle half▲ 4.8%€9,721below the sector's middle half▼ 77.3%€6,975below the sector's middle half▼ 28.3%-€530below the sector's middle half€55,379within the sector's middle half
Total assets€289,274within the sector's middle half▲ 8.3%€228,638within the sector's middle half▼ 21.0%€203,982within the sector's middle half▼ 10.8%€184,311within the sector's middle half▼ 9.6%€206,601within the sector's middle half▲ 12.1%
Debt€246,356▲ 8.9%€218,917▼ 11.1%€197,008▼ 10.0%€184,841▼ 6.2%€151,222▼ 18.2%
Working capital€24,937within the sector's middle half-€18,911below the sector's middle half-€5,545below the sector's middle half▲ 70.7%-€12,674below the sector's middle half▼ 129%€37,660within the sector's middle half
Solvency14.8%below the sector's middle half▼ 0.5pp4.3%below the sector's middle half▼ 10.6pp3.4%below the sector's middle half▼ 0.8pp-0.3%below the sector's middle half▼ 3.7pp26.8%below the sector's middle half▲ 27.1pp
Current ratio1.37within the sector's middle half▲ 0.540.72below the sector's middle half▼ 0.660.92below the sector's middle half▲ 0.200.83below the sector's middle half▼ 0.091.55within the sector's middle half▲ 0.72
Return on assets (ROA)0.7%below the sector's middle half▲ 5.6pp-14.5%below the sector's middle half▼ 15.2pp-1.3%below the sector's middle half▲ 13.2pp-4.1%below the sector's middle half▼ 2.7pp27.1%above the sector's middle half▲ 31.1pp
Staff (FTE)1.8above the sector's middle half▼ 10.0%2.6▲ 44.4%2.2▼ 15.4%2.1▼ 4.5%2.9▲ 38.1%
above
within
below
the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €71,222 after a loss of €3,215 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €206,601
Fixed assets
€100,996 ▼ 17.5%
Current assets
€105,605 ▲ 70.8%
Equity and liabilities €206,601
Equity
€55,379
Debt
€151,222
Debt finances 73.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€101,539▲
2023 · €32,163
Cash flow
€86,227▲
2023 · €27,873
Quick ratio
1.20▲
2023 · 0.54
Debt to equity
2.73
ROE
101.0%
Interest coverage
20.55▲
2023 · 7.47
Debt ≤ 1 year
€67,945▼
2023 · €74,509
Debt > 1 year
€83,277▼
2023 · €110,332
Income taxes
€10,374
Staff costs
€84,678▲
2023 · €79,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
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 0.1% 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 497,338 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% | 1.9% |
| 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 3,818 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €76,279 | €36,624 | €79,837 | €84,678 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,454 | €40,940 | €37,118 | €35,378 | €30,317 | ▼ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €70 | - |
| Other operating charges640/8 | - | €961 | €884 | €969 | €990 | ▲ 2.1% |
| Gross operating margin9900 | €84,490 | €89,459 | €76,989 | €112,969 | €187,277 | ▲ 65.8% |
| Operating profit (loss)9901 | €7,529 | -€28,720 | €2,363 | -€3,215 | €71,222 | ▲ 2,315% |
| Financial income75/76B | - | €98 | €1 | €16 | €3 | ▼ 79.7% |
| Recurring financial income75 | €30 | €98 | €1 | €16 | €3 | ▼ 79.7% |
| Financial charges65/66B | - | €5,432 | €5,111 | €4,305 | €4,941 | ▲ 14.8% |
| Recurring financial charges65 | €4,857 | €5,432 | €5,111 | €4,305 | €4,941 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €2,834 | -€34,054 | -€2,747 | -€7,505 | €66,284 | ▲ 983% |
| Income taxes67/77 | €857 | -€857 | - | - | €10,374 | - |
| Profit (loss) for the period9904 | €1,976 | -€33,197 | -€2,747 | -€7,505 | €55,909 | ▲ 845% |
| Profit (loss) for the period to be appropriated9905 | €1,976 | -€33,197 | -€2,747 | -€7,505 | €55,909 | ▲ 845% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €289,274 | €228,638 | €203,982 | €184,311 | €206,601 | ▲ 12.1% |
| Fixed assets21/28 | €197,312 | €180,759 | €143,594 | €122,476 | €100,996 | ▼ 17.5% |
| Intangible fixed assets21 | €6,720 | €23,972 | €20,132 | €16,292 | €12,452 | ▼ 23.6% |
| Tangible fixed assets22/27 | €189,371 | €155,612 | €122,335 | €105,057 | €87,417 | ▼ 16.8% |
| Land and buildings22 | - | €107,867 | €87,610 | €67,353 | €56,626 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €30,518 | €21,921 | €29,033 | €23,279 | ▼ 19.8% |
| Furniture and vehicles24 | - | €17,228 | €12,804 | €8,671 | €7,512 | ▼ 13.4% |
| Financial fixed assets28 | €1,222 | €1,174 | €1,126 | €1,126 | €1,126 | = |
| Current assets29/58 | €91,962 | €47,880 | €60,389 | €61,835 | €105,605 | ▲ 70.8% |
| Stocks and contracts in progress3 | €25,593 | €21,039 | €21,511 | €21,361 | €24,014 | ▲ 12.4% |
| Stocks30/36 | - | €21,039 | €21,511 | €21,361 | €24,014 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €21,281 | €22,413 | €18,403 | €12,868 | €3,253 | ▼ 74.7% |
| Trade receivables40 | - | €11,044 | €9,860 | €9,868 | €3,022 | ▼ 69.4% |
| Other amounts receivable41 | - | €11,369 | €8,543 | €3,000 | €230 | ▼ 92.3% |
| Cash at bank and in hand54/58 | €40,471 | €857 | €16,119 | €16,896 | €71,875 | ▲ 325% |
| Deferred charges and accrued income490/1 | - | €3,570 | €4,356 | €10,711 | €6,463 | ▼ 39.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €289,274 | €228,638 | €203,982 | €184,311 | €206,601 | ▲ 12.1% |
| Equity10/15 | €42,918 | €9,721 | €6,975 | -€530 | €55,379 | ▲ 10,547% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €35,379 | ▲ 1,669% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €2,000 | €35,379 | ▲ 1,669% |
| Profit (loss) carried forward14 | €20,918 | -€12,279 | -€15,025 | -€22,530 | - | - |
| Amounts payable17/49 | €246,356 | €218,917 | €197,008 | €184,841 | €151,222 | ▼ 18.2% |
| Amounts payable after more than one year17 | €179,330 | €152,126 | €131,073 | €110,332 | €83,277 | ▼ 24.5% |
| Financial debts170/4 | - | €152,126 | €131,073 | €110,332 | €83,277 | ▼ 24.5% |
| Amounts payable within one year42/48 | €67,025 | €66,791 | €65,934 | €74,509 | €67,945 | ▼ 8.8% |
| Current portion of amounts payable after more than one year42 | - | €27,204 | €20,207 | €17,242 | €17,556 | ▲ 1.8% |
| Financial debts43 | - | €11,708 | - | - | - | - |
| Credit institutions430/8 | - | €11,708 | - | - | - | - |
| Trade debts44 | €26,240 | €15,839 | €24,703 | €41,794 | €17,559 | ▼ 58.0% |
| Suppliers440/4 | - | €15,839 | €24,703 | €41,794 | €17,559 | ▼ 58.0% |
| Taxes, remuneration and social security45 | - | €9,571 | €20,249 | €11,866 | €23,370 | ▲ 97.0% |
| Taxes450/3 | - | €323 | €14,070 | €934 | €7,074 | ▲ 658% |
| Remuneration and social security454/9 | - | €9,249 | €6,179 | €10,932 | €16,297 | ▲ 49.1% |
| Other amounts payable47/48 | - | €2,468 | €776 | €3,607 | €9,459 | ▲ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,976 | -€33,197 | -€2,747 | -€7,505 | €55,909 | ▲ 845% |
| + Depreciation and write-downs630 | €35,454 | €40,940 | €37,118 | €35,378 | €30,317 | ▼ 14.3% |
| Operating cash flow (approximation) | €37,430 | €7,743 | €34,371 | €27,873 | €86,227 | ▲ 209% |
| Investment in fixed assets (approximation) | - | -€24,386 | €48 | -€14,260 | -€8,838 | ▲ 38.0% |
| Change in cash | - | -€39,613 | €15,262 | €776 | €54,979 | ▲ 6,981% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €55,909
Net result €55,909 after 3 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€33,197
Net result drops to -€33,197, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,976
Net result €1,976 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Vilvoorde · 2 establishment units since 2000
Ground area
874 m²
Building footprint
282 m²
Volume, LiDAR
2,537 m³
2 parcels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Hendrik I-lei 27, 1800 Vilvoorde
since 20002.181.275.424
Melkstraat 91, 1830 Machelen (Brab.)
since 20002.181.275.622
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0494/00R002 | Flanders | 509 m² | 1 · 184 m² | 11.5 m · 3 fl. |
| 23047C0085/00V000 | Flanders | 365 m² | 1 · 99 m² | 13.8 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 669 EUR awarded · 669 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 489 EUR | 489 EUR |
| 2023 | 1 | 180 EUR | 180 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.181.275.424
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Of 6,089 companies in sector 75000 we hold annual accounts for 1,951. 1,659 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
Founded04-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
Contact
E-mail
mollaert@medivet.beVilvoorde
Phone
02/253.78.60Vilvoorde
Fax
02/253.01.80Vilvoorde
Phone
02/253.90.13Machelen (Brab.)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472911919
Also
9925:BE0472911919
Registered
06-10-2025
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.