MEDNES

Active

Private limited companyfounded 20197 yrs activeVrijheidslaan 73, 1081 Koekelberg, BelgiumKBO/BCE: BE 0727.678.261

The computed 12-month bankruptcy probability of MEDNES is 8.7% (elevated). The 2024 annual accounts show negative equity (€-10k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▼ -13 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency33▲+28

Growth55=

Stability100

Bankruptcy probability, 12 months

8.7% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.06 against 0.27 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-78.5%

Return on assets

-90.3%

Age of the figures

20 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

192021222324

2019 to 2024 · latest year -€10k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

37 d late

2022

32 d late

2021

25 d late

2020

41 d late

2019

61 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€65k▲ 347%

2019 · €15k

2019: €15k

2019 → 2021

EBIT margin

-6.5%▼ 21.6pp

2019 · 15.1%

2019: 15.1%

2019 → 2021

Net result

€-12k▼ 236%

2023 · €-3k

2019: €2k 2020: €14k 2021: €-11k 2022: €-3k 2023: €-3k

2019 → 2024

Working capital

€-22k▼ 56.8%

2023 · €-14k

2019: €4k 2020: €15k 2021: €-9k 2022: €-11k 2023: €-14k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€65k

Equity€20k-€8k▼ 58.0%€5k▼ 39.5%€2k▼ 69.4%€-10k

Operating result€14k-€-4k€2k€831▼ 65.5%€-12k

Net result€14k-€-11k€-3k▲ 71.3%€-3k▼ 6.2%€-12k▼ 236%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €12k after €831 in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13k

89.9%

10%

Fixed assets €12k▼ 24.6%

Current assets €1k▼ 74.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-8k▼

2023 · €17k

Cash flow

€-8k▼

2023 · €13k

Solvency

-78.5%▼

2023 · 7.4%

Current ratio

0.06▼

2023 · 0.27

Quick ratio

0.06▼

2023 · 0.27

Debt / equity

-2.27▼

2023 · 12.48

ROE

115.1%▲

2023 · -226.9%

ROA

-90.3%▼

2023 · -16.8%

Interest coverage

-62.26▼

2023 · 6.07

Debt

€23k▲

2023 · €19k

Debt ≤ 1 year

€23k▲

2023 · €19k

Income taxes

€-29▼

2023 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€21k€13k▼

Fixed assets21/28€15k€12k▼

Tangible fixed assets22/27€15k€12k▼

Plant, machinery and equipment23€165-

Furniture and vehicles24€15k€12k▼

Current assets29/58€5k€1k▼

Amounts receivable within one year40/41€5k€1k▼

Trade receivables40€4k-

Other amounts receivable41€1k€1k▼

Cash at bank and in hand54/58-€209

Equity and liabilities

Total equity and liabilities10/49€21k€13k▼

Equity10/15€2k€-10k▼

Contributions10/11€4k€4k=

Outside capital11€4k-

Other1109/19€4k-

Profit (loss) carried forward14€-2k€-14k▼

Amounts payable17/49€19k€23k▲

Amounts payable within one year42/48€19k€23k▲

Financial debts43€8-

Credit institutions430/8€8-

Trade debts44€617€209▼

Suppliers440/4€617€209▼

Taxes, remuneration and social security45€10k€8k▼

Taxes450/3€2k-

Remuneration and social security454/9€8k€8k=

Other amounts payable47/48€9k€15k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€4k▼

Other operating charges640/8€1k€395▼

Gross operating margin9900€19k€-7k▼

Operating profit (loss)9901€831€-12k▼

Financial charges65/66B€3k€126▼

Recurring financial charges65€3k€126▼

Profit (loss) for the period before taxes9903€-2k€-12k▼

Income taxes67/77€1k€-29▼

Profit (loss) for the period9904€-3k€-12k▼

Profit (loss) for the period to be appropriated9905€-3k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-2k€-14k▼

Profit (loss) brought forward from the previous period14P€1k€-2k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series.

06-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 37 days late

2023

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 25 days late

2021

10-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 41 days late

2020

31-12

Financial Highest result since 2019net €14k ▲518%

Operating result €14k, net result €14k, both a record.

31-12

Financial Liquidity triplescurrent ratio 6.22

Current ratio from 2.24 to 6.22.

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Koekelberg · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vrijheidslaan 731081 Koekelberg

Ground area

183 m²

Building footprint

131 m²

Volume, LiDAR

1,460 m³

2 parcels, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MEDNES

Waverse steenweg 1121, 1160 OudergemManufacture of metal structures and parts of structures

since 20192.289.751.613

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21492B0106/00W005	Brussels	104 m²	1 · 73 m²	14.6 m · 4 fl.
21002A0189/00E002	Brussels	79 m²	1 · 57 m²	12.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

K&CO

BE 0751.894.906

Sint-Pieters-Leeuw · Eq €2k

Hechtel-Eksel · Eq €2k

Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 1,014 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-06-2019

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

33120Repair and maintenance of machinery

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:0477324397

Establishment Oudergem 2.289.751.613