MedRelief
ActiveMedRelief has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €44k. Equity is growing by ~57.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
61
/ 100
Healthy▼ -15 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency38▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.33 against 2.15 in 2023), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
31.3%
Return on assets
18.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
93 d early
2022
30 d late
2021
31 d late
2020
82 d late
2019
85 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€73k▲ 149%
2023 · €29k
2018: €-24k
2019: €-20k
2020: €-4k
2021: €2k
2022: €-4k
2023: €29k
2018 → 2024
Total assets
€234k▼ 24.6%
2023 · €311k
2018: €161k
2019: €234k
2020: €223k
2021: €256k
2022: €271k
2023: €311k
2018 → 2024
Net result
€44k▲ 31.3%
2023 · €33k
2018: €-35k
2019: €4k
2020: €15k
2021: €6k
2022: €-6k
2023: €33k
2018 → 2024
Working capital
€-92k
2023 · €120k
2018: €22k
2019: €16k
2020: €117k
2021: €119k
2022: €121k
2023: €120k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-4k-€2k€-4k€29k€73k▲ 149%
Operating result€21k-€15k▼ 28.6%€-674€41k€66k▲ 60.0%
Net result€15k-€6k▼ 60.9%€-6k€33k€44k▲ 31.3%
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 two years in a row; 2024 is 60% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136k
Fixed assets
€90k▲ 95.3%
Current assets
€46k▼ 79.6%
Equity and liabilities €234k
Equity
€73k▲ 149%
Debt
€161k▼ 42.7%
The debt ratio falls from 90.5% to 68.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€73k▲
2023 · €48k
Cash flow
€51k▲
2023 · €41k
Solvency
31.3%▲
2023 · 9.5%
Current ratio
0.33▼
2023 · 2.15
Quick ratio
0.10▼
2023 · 0.94
Debt / equity
2.20▼
2023 · 9.57
ROE
59.8%▼
2023 · 113.5%
ROA
18.7%▲
2023 · 10.7%
Interest coverage
3.68▼
2023 · 5.98
Debt
€161k▼
2023 · €281k
Debt ≤ 1 year
€138k▲
2023 · €104k
Debt > 1 year
€23k▼
2023 · €177k
Income taxes
€2k
Staff costs
€33k▼
2023 · €34k
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€311k€234k▼
Formation expenses20€40k€99k▲
Fixed assets21/28€46k€90k▲
Tangible fixed assets22/27€40k€84k▲
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€3k€51k▲
Furniture and vehicles24€17k€16k▼
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€6k€6k=
Current assets29/58€225k€46k▼
Stocks and contracts in progress3€126k€32k▼
Stocks30/36€126k€32k▼
Amounts receivable within one year40/41€49k€13k▼
Trade receivables40€48k€13k▼
Other amounts receivable41€693€640▼
Cash at bank and in hand54/58€6€154▲
Deferred charges and accrued income490/1€50k€0▼
Equity and liabilities
Total equity and liabilities10/49€311k€234k▼
Equity10/15€29k€73k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€11k€55k▲
Amounts payable17/49€281k€161k▼
Amounts payable after more than one year17€177k€23k▼
Financial debts170/4€177k€23k▼
Amounts payable within one year42/48€104k€138k▲
Current portion of amounts payable after more than one year42€26k€18k▼
Financial debts43€16k€19k▲
Credit institutions430/8€16k€19k▲
Trade debts44€41k€43k▲
Suppliers440/4€41k€43k▲
Taxes, remuneration and social security45€15k€42k▲
Taxes450/3€8k€27k▲
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€7k€16k▲
Income statement
Code20232024
Remuneration, social security and pensions62€34k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€86k€108k▲
Operating profit (loss)9901€41k€66k▲
Financial income75/76B€322€87▼
Recurring financial income75€322€87▼
Financial charges65/66B€8k€20k▲
Recurring financial charges65€8k€20k▲
Profit (loss) for the period before taxes9903€33k€46k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€33k€44k▲
Profit (loss) for the period to be appropriated9905€33k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€55k▲
Profit (loss) brought forward from the previous period14P€-23k€11k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €44k ▲31.3%
Operating result €66k, net result €44k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.40
Current ratio from 1.08 to 2.40; short-term debt falls from €205k to €84k.
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 52 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.
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, Koksijde · 1 establishment unit since 2015
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.
Ijslandvaardersstraat(Kok) 248670 KoksijdeGround area
1,028 m²
Building footprint
179 m²
Volume, LiDAR
299 m³
Parcel 38343A0716/00Z014, Flanders · tallest building 15.2 m. Linked by address, not a title deed.
1 establishment unit
MedRelief
since 20152.242.966.533
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0716/00Z014 | Flanders | 1,028 m² | 1 · 179 m² | 15.2 m |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
MASYBELLE
BE 0836.237.889
Verviers · Eq €74k
THARA
BE 0444.757.866
Alken · Eq €72k
Deuxmains
BE 0804.729.222
Elsene · Eq €71k
LCHY
BE 0500.608.486
Bertem · Eq €76k
TFM CONCEPT SERVICES
BE 0734.815.580
Seraing · Eq €76k
Of 657 companies in sector 47715 we hold annual accounts for 186. 159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2015
Fiscal year end31-12
Activities, NACEBEL
47715Retail trade
46431Wholesale of electrical household appliances and audio-video equipment
46450Wholesale of perfume and cosmetics
46460Wholesale of pharmaceutical and medical goods
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.