MEDSOFT
ActiveSummary
For MEDSOFT, at least two filing cycles of the annual accounts are missing. The 2024 annual accounts show equity of €156,604 and a net result of €5,461. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 20783 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2024 · tick = 2023
Profitability73▲+39
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
97.8%
Return on assets
3.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 01-01-2025, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
01-01-2025 close01-08-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 01-01-2024 was due by 01-08-2024 and was filed on 22-07-2024, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
10 d early
2023
32 d early
2022
70 d early
2021
76 d early
2020
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Merchtem, Telecoms and IT sector
Equity
€156,604▲ 3.6%
2023 · €151,143
Total assets
€160,101▲ 1.1%
2023 · €158,424
Net result
€5,461
2023 · -€3,149
Working capital
€128,890▲ 4.7%
2023 · €123,100
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€38,867▼ 33.3%€31,688▼ 18.5%€5,762▼ 81.8%-€4,695€6,417
Net result€34,996€28,498▼ 18.6%€5,540▼ 80.6%-€3,149€5,461
Equity€125,755▲ 38.6%€148,752▲ 18.3%€154,292▲ 3.7%€151,143▼ 2.0%€156,604▲ 3.6%
Total assets€135,872▲ 29.6%€159,811▲ 17.6%€163,114▲ 2.1%€158,424▼ 2.9%€160,101▲ 1.1%
Debt€10,117▼ 28.2%€11,059▲ 9.3%€8,822▼ 20.2%€7,281▼ 17.5%€3,497▼ 52.0%
Working capital€107,807▲ 52.7%€112,536▲ 4.4%€121,030▲ 7.5%€123,100▲ 1.7%€128,890▲ 4.7%
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: €6,417 after a loss of €4,695 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €160,101
Fixed assets
€27,714 ▼ 1.2%
Current assets
€132,387 ▲ 1.5%
Equity and liabilities €160,101
Equity
€156,604 ▲ 3.6%
Debt
€3,497 ▼ 52.0%
Debt's share of the balance-sheet total falls from 4.6% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,165▲
2023 · €2,477
Cash flow
€9,209▲
2023 · €4,023
Current ratio
37.86▲
2023 · 17.91
Debt to equity
0.02▼
2023 · 0.05
ROE
3.5%▲
2023 · -2.1%
ROA
3.4%▲
2023 · -2.0%
Interest coverage
12.75▲
2023 · 2.12
Debt ≤ 1 year
€3,497▼
2023 · €7,281
Income taxes
€2,091▲
2023 · €152
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,070 | €6,399 | €7,074 | €7,172 | €3,748 | ▼ 47.7% |
| Other operating charges640/8 | - | - | €278 | €622 | €407 | ▼ 34.6% |
| Gross operating margin9900 | €49,558 | €38,328 | €13,114 | €3,100 | €10,572 | ▲ 241% |
| Operating profit (loss)9901 | €38,867 | €31,688 | €5,762 | -€4,695 | €6,417 | ▲ 237% |
| Financial income75/76B | - | - | €372 | €2,865 | €1,932 | ▼ 32.6% |
| Recurring financial income75 | €605 | €319 | €372 | €2,865 | €1,932 | ▼ 32.6% |
| Financial charges65/66B | - | - | €428 | €1,168 | €797 | ▼ 31.8% |
| Recurring financial charges65 | €833 | €1,030 | €428 | €1,168 | €797 | ▼ 31.8% |
| Profit (loss) for the period before taxes9903 | €38,638 | €30,977 | €5,707 | -€2,997 | €7,553 | ▲ 352% |
| Income taxes67/77 | €3,642 | €2,480 | €167 | €152 | €2,091 | ▲ 1,277% |
| Profit (loss) for the period9904 | €34,996 | €28,498 | €5,540 | -€3,149 | €5,461 | ▲ 273% |
| Profit (loss) for the period to be appropriated9905 | €34,996 | €28,498 | €5,540 | -€3,149 | €5,461 | ▲ 273% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,872 | €159,811 | €163,114 | €158,424 | €160,101 | ▲ 1.1% |
| Fixed assets21/28 | €17,948 | €36,217 | €33,263 | €28,044 | €27,714 | ▼ 1.2% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €17,948 | €26,217 | €23,263 | €18,044 | €17,714 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | - | €9,256 | €8,083 | €6,910 | ▼ 14.5% |
| Furniture and vehicles24 | - | - | €14,006 | €9,960 | €8,517 | ▼ 14.5% |
| Other tangible fixed assets26 | - | - | - | - | €2,287 | - |
| Financial fixed assets28 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €117,924 | €123,595 | €129,852 | €130,380 | €132,387 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €40,651 | €26,267 | €17,811 | €29,336 | €28,084 | ▼ 4.3% |
| Trade receivables40 | - | - | €17,306 | €28,469 | €26,423 | ▼ 7.2% |
| Other amounts receivable41 | - | - | €505 | €868 | €1,661 | ▲ 91.5% |
| Current investments50/53 | €864 | €34,247 | €56,247 | €80,247 | €91,247 | ▲ 13.7% |
| Cash at bank and in hand54/58 | €72,929 | €61,175 | €52,493 | €17,779 | €12,036 | ▼ 32.3% |
| Deferred charges and accrued income490/1 | - | - | €3,300 | €3,019 | €1,020 | ▼ 66.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,872 | €159,811 | €163,114 | €158,424 | €160,101 | ▲ 1.1% |
| Equity10/15 | €125,755 | €148,752 | €154,292 | €151,143 | €156,604 | ▲ 3.6% |
| Contributions10/11 | - | - | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €119,558 | €142,555 | €148,095 | €148,095 | €150,407 | ▲ 1.6% |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €146,236 | €146,236 | €148,548 | ▲ 1.6% |
| Profit (loss) carried forward14 | €179,091 | - | - | -€3,149 | - | - |
| Amounts payable17/49 | €10,117 | €11,059 | €8,822 | €7,281 | €3,497 | ▼ 52.0% |
| Amounts payable within one year42/48 | €10,117 | €11,059 | €8,822 | €7,281 | €3,497 | ▼ 52.0% |
| Trade debts44 | €4,973 | €2,056 | €3,896 | €4,829 | €171 | ▼ 96.5% |
| Suppliers440/4 | - | - | €3,896 | €4,829 | €171 | ▼ 96.5% |
| Taxes, remuneration and social security45 | - | - | €2,646 | €318 | €3,326 | ▲ 944% |
| Taxes450/3 | - | - | €2,646 | €318 | €2,243 | ▲ 604% |
| Remuneration and social security454/9 | - | - | - | - | €1,082 | - |
| Other amounts payable47/48 | - | - | €2,279 | €2,133 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,996 | €28,498 | €5,540 | -€3,149 | €5,461 | ▲ 273% |
| + Depreciation and write-downs630 | €9,070 | €6,399 | €7,074 | €7,172 | €3,748 | ▼ 47.7% |
| Operating cash flow (approximation) | €44,066 | €34,896 | €12,614 | €4,023 | €9,209 | ▲ 129% |
| Investment in fixed assets (approximation) | - | -€24,667 | -€4,120 | -€1,953 | -€3,419 | ▼ 75.0% |
| Change in cash | - | -€11,754 | -€8,681 | -€34,715 | -€5,743 | ▲ 83.5% |
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
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
01-01
Financial
Back to profitnet €5,461
Net result €5,461 after one loss-making year.
01-01
Financial
Liquidity doublescurrent ratio 37.86
Current ratio from 17.91 to 37.86; short-term debt falls from €7,281 to €3,497.
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
01-01
Financial
Equity above €150,000Eq €154,292 ▲3.7%
3 profitable years in a row build equity to €154,292.
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
01-01
Financial
Back to profitnet €34,996
Net result €34,996 after one loss-making year.
01-01
Financial
Equity above €100,000Eq €125,755 ▲38.6%
Equity rises from €90,759 to €125,755.
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
21-05
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 2 acts read
About the unread acts
We know of 2 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
2 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, Merchtem · 1 establishment unit since 2000
Ground area
691 m²
Building footprint
184 m²
Volume, LiDAR
913 m³
Parcel 23602I0008/00X002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEDSOFT
since 20002.100.861.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0008/00X002 | Flanders | 691 m² | 1 · 184 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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QUORUM ANALYTICS BELGIUM
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,285 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
Founded05-05-2000
Fiscal year end01-01
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46492Wholesale trade
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.