MEDOR
ActiveSummary
MEDOR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €23k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+11
Solvency56▲+2
Growth56▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 3.04 in 2024; short-term debt: 28.3% and cash: 48.9% of total assets), but 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
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
30.7%
Return on assets
5.3%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €135k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
3 d early
2023
3 d early
2022
33 d early
2021
47 d early
2020
60 d late
2019
19 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€437k▲ 7.1%
2024 · €408k
2023: €391k
2024: €408k
2023 → 2025
EBIT margin
5.3%▲ 4.9pp
2024 · 0.4%
2023: -12.4%
2024: 0.4%
2023 → 2025
Net result
€23k▲ 1,279%
2024 · €2k
2018: €-44k
2019: €-109k
2020: €-49k
2021: €-97k
2022: €-98k
2023: €-49k
2024: €2k
2018 → 2025
Working capital
€284k▲ 23.6%
2024 · €230k
2018: €321k
2019: €286k
2020: €457k
2021: €313k
2022: €210k
2023: €189k
2024: €230k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€391k€408k▲ 4.4%€437k▲ 7.1%
Equity€215k-€121k▼ 43.9%€69k▼ 42.9%€105k▲ 51.6%€135k▲ 29.4%
Operating result€-97k-€-97k=€-49k▲ 50.0%€2k€23k▲ 1,233%
Net result€-97k-€-98k▼ 0.4%€-49k▲ 50.1%€2k€23k▲ 1,279%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,233% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€32k ▲ 129%
Current assets
€409k ▲ 19.2%
Equity and liabilities €441k
Equity
€135k ▲ 29.4%
Provisions
€7k
Debt
€298k ▲ 18.2%
Debt's share of the balance-sheet total falls from 70.7% to 67.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €3k
Cash flow
€27k▲
2024 · €2k
Current ratio
3.28▲
2024 · 3.04
Quick ratio
3.09▲
2024 · 2.80
Debt to equity
2.20▼
2024 · 2.41
ROE
17.1%▲
2024 · 1.6%
ROA
5.3%▲
2024 · 0.5%
Interest coverage
59.36▲
2024 · 11.33
Debt ≤ 1 year
€125k▲
2024 · €113k
Debt > 1 year
€60k
Income taxes
€-54▼
2024 · €54
Staff costs
€143k▲
2024 · €137k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€357k€441k▲
Fixed assets21/28€14k€32k▲
Intangible fixed assets21€2k€29k▲
Tangible fixed assets22/27€11k€712▼
Furniture and vehicles24-€712
Assets under construction and advance payments27€11k€0▼
Financial fixed assets28€690€2k▲
Current assets29/58€343k€409k▲
Stocks and contracts in progress3€27k€24k▼
Stocks30/36€27k€24k▼
Amounts receivable within one year40/41€161k€167k▲
Trade receivables40€130k€140k▲
Other amounts receivable41€31k€26k▼
Cash at bank and in hand54/58€155k€216k▲
Deferred charges and accrued income490/1€117€2k▲
Equity and liabilities
Total equity and liabilities10/49€357k€441k▲
Equity10/15€105k€135k▲
Contributions10/11€447k€455k▲
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€624€624=
Profit (loss) carried forward14€-362k€-339k▲
Provisions and deferred taxes16-€7k
Provisions for liabilities and charges160/5-€7k
Other liabilities and charges164/5-€7k
Amounts payable17/49€252k€298k▲
Amounts payable after more than one year17-€60k
Financial debts170/4-€60k
Amounts payable within one year42/48€113k€125k▲
Trade debts44€82k€89k▲
Suppliers440/4€82k€89k▲
Taxes, remuneration and social security45€30k€35k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€27k€31k▲
Other amounts payable47/48€43€163▲
Accrued charges and deferred income492/3€139k€114k▼
Income statement
Code20242025
Turnover70€408k€437k▲
Non-recurring operating income76A-€13k
Goods, raw materials, services and sundry goods60/61€351k€359k▲
Remuneration, social security and pensions62€137k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€775€4k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€7k
Other operating charges640/8€3k€6k▲
Gross operating margin9900€143k€183k▲
Operating profit (loss)9901€2k€23k▲
Financial income75/76B€203€201▼
Recurring financial income75€203€201▼
Financial charges65/66B€223€465▲
Recurring financial charges65€223€465▲
Profit (loss) for the period before taxes9903€2k€23k▲
Income taxes67/77€54€-54▼
Profit (loss) for the period9904€2k€23k▲
Profit (loss) for the period to be appropriated9905€2k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-364k€-339k▲
Profit (loss) brought forward from the previous period14P€-365k€-362k▲
Transfer from equity791/2-€17
Shareholders' contribution to the loss794€1k-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €23k ▲1279%
Operating result €23k, net result €23k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 6 loss-making years.
31-12
Financial
Equity above €100kEq €105k ▲51.6%
Equity rises from €69k to €105k.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Equity above €200kEq €230k ▲65.8%
Equity rises from €138k to €230k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series; recovery starts the following year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Liège · 2 establishment units since 2014
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.
Rue Lamarck 94000 LiègeGround area
514 m²
Building footprint
179 m²
Volume, LiDAR
1,393 m³
2 parcels, Brussels, Wallonia · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
MEDOR
since 20142.237.183.947
Medor
since 20182.281.954.494
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0955/00W004 | Wallonia | 413 m² | 1 · 78 m² | - |
| 21809K0625/00F000 | Brussels | 101 m² | 1 · 101 m² | 19.5 m · 5 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 5 entries · 227,808 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 3 | 88,461 EUR |
| 2024 | 1 | 72,681 EUR |
| 2023 | 1 | 66,666 EUR |
Budget allocations
Aide directe à la presse d'opinion et à la presse périodique
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Of 1,112 companies in sector 58110 we hold annual accounts for 363. 269 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded04-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
58130Publishing activities
58190Other publishing activities, excluding software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.