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MEDSYS

Active
Public limited companyfounded 199333 yrs activeRue du Gaillard,Sauv. 3, 5030 Gembloux, BelgiumKBO/BCE: BE 0450.817.990
Summary

MEDSYS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,662 and a net result of €87,987. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 66% of 656 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability92▲+7
Solvency84▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 6.0 in 2024; short-term debt: 40.6% and cash: 38% of total assets), and 40.6% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
59.4%
Return on assets
21.8%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 d early
2024
27 d late
2023
26 d late
2022
4 d early
2021
74 d late
2020
55 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

MEDSYS was incorporated on 7 September 1993.1 Total assets fell from EUR 654,555 in 2018 to EUR 403,669 in 2025 and headcount from 4.5 to 1 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€239,662▼ 12.9%
2024 · €275,166
Total assets
€403,669▲ 22.2%
2024 · €330,221
Net result
€87,987▲ 107%
2024 · €42,535
Working capital
€239,662▼ 12.9%
2024 · €275,166
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
Line20212022202320242025
Operating result€43,144€125,118▲ 190%-€53,912€40,588€87,864▲ 116%
Net result€23,798-€48,752-€68,894▼ 41.3%€42,535€87,987▲ 107%
Equity€403,328▲ 6.3%€301,525▼ 25.2%€232,631▼ 22.8%€275,166▲ 18.3%€239,662▼ 12.9%
Total assets€469,513▼ 5.8%€398,821▼ 15.1%€261,076▼ 34.5%€330,221▲ 26.5%€403,669▲ 22.2%
Debt€66,184▼ 44.4%€97,296▲ 47.0%€28,445▼ 70.8%€55,055▲ 93.6%€164,007▲ 198%
Working capital€403,328▲ 6.6%€301,431▼ 25.3%€232,252▼ 23.0%€275,166▲ 18.5%€239,662▼ 12.9%
Staff (FTE)3▼ 9.1%2.2▼ 26.7%1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000€150,000Operating result 2021: €43,144€43,144Net result 2021: €23,798€23,798Operating result 2022: €125,118€125,118Net result 2022: -€48,752-€48,752Operating result 2023: -€53,912-€53,912Net result 2023: -€68,894-€68,894Operating result 2024: €40,588€40,588Net result 2024: €42,535€42,535Operating result 2025: €87,864€87,864Net result 2025: €87,987€87,98720212022202320242025-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€53,912-€53,900Net result 2023: -€68,894-€68,900Operating result 2024: €40,588€40,600Net result 2024: €42,535€42,500Operating result 2025: €87,864€87,900Net result 2025: €87,987€88,000202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €403,669
Equity €239,662 ▼ 12.9%
Debt €164,007 ▲ 198%
Debt's share of the balance-sheet total rises from 16.7% to 40.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.46▼
2024 · 6.00
Quick ratio
1.79▼
2024 · 3.99
Debt to equity
0.68▲
2024 · 0.20
ROE
36.7%▲
2024 · 15.5%
ROA
21.8%▲
2024 · 12.9%
Debt ≤ 1 year
€164,007▲
2024 · €55,055
Income taxes
€272▲
2024 · €241
Staff costs
€81,843▼
2024 · €142,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 31,324 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€330,221€403,669▲
Current assets29/58€330,221€403,669▲
Stocks and contracts in progress3€110,786€109,547▼
Stocks30/36€110,786€109,547▼
Amounts receivable within one year40/41€133,303€140,564▲
Trade receivables40€133,303€133,064▼
Other amounts receivable41-€7,500
Cash at bank and in hand54/58€86,132€153,557▲
Equity and liabilities
Total equity and liabilities10/49€330,221€403,669▲
Equity10/15€275,166€239,662▼
Contributions10/11€200,000€200,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Outside capital11€100,000€100,000=
Share premium1100/10€100,000€100,000=
Reserves13€119,952€39,662▼
Non-distributable reserves130/1€19,675€19,675=
Legal reserve130€19,675€19,675=
Distributable reserves133€100,277€19,987▼
Profit (loss) carried forward14-€44,787-
Amounts payable17/49€55,055€164,007▲
Amounts payable within one year42/48€55,055€164,007▲
Trade debts44€44,987€24,002▼
Suppliers440/4€44,987€24,002▼
Taxes, remuneration and social security45€10,068€16,514▲
Taxes450/3-€5,613
Remuneration and social security454/9€10,068€10,901▲
Other amounts payable47/48-€123,491
Income statement Code20242025
Remuneration, social security and pensions62€142,052€81,843▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€379-
Other operating charges640/8€45€565▲
Gross operating margin9900€183,064€170,272▼
Operating profit (loss)9901€40,588€87,864▲
Financial income75/76B€4,049€1,039▼
Recurring financial income75€90€1,039▲
Non-recurring financial income76B€3,959-
Financial charges65/66B€1,861€644▼
Recurring financial charges65€1,797€644▼
Non-recurring financial charges66B€64-
Profit (loss) for the period before taxes9903€42,776€88,259▲
Income taxes67/77€241€272▲
Profit (loss) for the period9904€42,535€87,987▲
Profit (loss) for the period to be appropriated9905€42,535€87,987▲
Appropriation of the result
Profit (loss) to be appropriated9906-€44,787€43,201▲
Profit (loss) brought forward from the previous period14P-€87,321-€44,787▲
Transfer from equity791/2-€80,290
Profit to be distributed694/7-€123,491
Return on contributions (dividend)694-€123,491

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€157,110€145,551€182,046€142,052€81,843▼ 42.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€668€649€514€379--
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€92,192----
Other operating charges640/8€13,925€143€1,917€45€565▲ 1,155%
Gross operating margin9900€214,847€179,270€130,565€183,064€170,272▼ 7.0%
Operating profit (loss)9901€43,144€125,118-€53,912€40,588€87,864▲ 116%
Financial income75/76B€3,012€140€0€4,049€1,039▼ 74.3%
Recurring financial income75€2,924€140€0€90€1,039▲ 1,060%
Non-recurring financial income76B€88--€3,959--
Financial charges65/66B€20,360€172,012€16,844€1,861€644▼ 65.4%
Recurring financial charges65€6,360€172,012€16,103€1,797€644▼ 64.2%
Non-recurring financial charges66B€14,000-€741€64--
Profit (loss) for the period before taxes9903€25,796-€46,754-€70,756€42,776€88,259▲ 106%
Income taxes67/77€1,999€1,999-€1,862€241€272▲ 12.6%
Profit (loss) for the period9904€23,798-€48,752-€68,894€42,535€87,987▲ 107%
Profit (loss) for the period to be appropriated9905€23,798-€48,752-€68,894€42,535€87,987▲ 107%
Line20212022202320242025Change
Assets
Total assets20/58€469,513€398,821€261,076€330,221€403,669▲ 22.2%
Fixed assets21/28-€893€379---
Tangible fixed assets22/27€0€893€379---
Furniture and vehicles24-€893€379---
Financial fixed assets28€0-----
Current assets29/58€469,513€397,928€260,697€330,221€403,669▲ 22.2%
Stocks and contracts in progress3€152,502€75,856€102,337€110,786€109,547▼ 1.1%
Stocks30/36€152,502€75,856€102,337€110,786€109,547▼ 1.1%
Amounts receivable within one year40/41€115,024€89,947€115,196€133,303€140,564▲ 5.4%
Trade receivables40€83,019€89,947€115,196€133,303€133,064▼ 0.2%
Other amounts receivable41€32,005---€7,500-
Cash at bank and in hand54/58€201,987€232,124€41,172€86,132€153,557▲ 78.3%
Deferred charges and accrued income490/1--€1,992---
Equity and liabilities
Total equity and liabilities10/49€469,513€398,821€261,076€330,221€403,669▲ 22.2%
Equity10/15€403,328€301,525€232,631€275,166€239,662▼ 12.9%
Contributions10/11€200,000€200,000€200,000€200,000€200,000=
Capital10€100,000€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Outside capital11€100,000€100,000€100,000€100,000€100,000=
Share premium1100/10€100,000€100,000€100,000€100,000€100,000=
Reserves13€203,328€119,952€119,952€119,952€39,662▼ 66.9%
Non-distributable reserves130/1€19,675€19,675€19,675€19,675€19,675=
Legal reserve130€19,675€19,675€19,675€19,675€19,675=
Distributable reserves133€183,653€100,277€100,277€100,277€19,987▼ 80.1%
Profit (loss) carried forward14--€18,428-€87,321-€44,787--
Amounts payable17/49€66,184€97,296€28,445€55,055€164,007▲ 198%
Amounts payable within one year42/48€66,184€96,496€28,445€55,055€164,007▲ 198%
Trade debts44€40,647€29,655€20,448€44,987€24,002▼ 46.6%
Suppliers440/4€40,647€29,655€20,448€44,987€24,002▼ 46.6%
Taxes, remuneration and social security45€25,537€16,442€7,997€10,068€16,514▲ 64.0%
Taxes450/3€9,151€14,828€1,485-€5,613-
Remuneration and social security454/9€16,386€1,613€6,512€10,068€10,901▲ 8.3%
Other amounts payable47/48-€50,399--€123,491-
Accrued charges and deferred income492/3-€800----
Line20212022202320242025Change
Profit (loss) for the period9904€23,798-€48,752-€68,894€42,535€87,987▲ 107%
+ Depreciation and write-downs630€668€649€514€379--
Operating cash flow (approximation)€24,465-€48,103-€68,380€42,914€87,987▲ 105%
Investment in fixed assets (approximation)--€0---
Change in cash-€30,137-€190,953€44,961€67,425▲ 50.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Back to profitnet €42,535
Net result €42,535 after 2 loss-making years.
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial Weakest financial yearnet -€68,894
Net result drops to -€68,894, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity doublescurrent ratio 9.17
Current ratio from 4.12 to 9.17; short-term debt falls from €96,496 to €28,445.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
13-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial Back to profitnet €23,798
Net result €23,798 after 2 loss-making years.
24-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
26-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 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
11 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, Gembloux · 1 establishment unit since 1993
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 du Gaillard,Sauv. 35030 Gembloux
1 establishment unit
Rue du Gaillard,Sauv. 3, 5030 Gembloux
Air transport
since 19932.063.512.969

Structure & network

Owners and holdings

1 owner

Chain of control

  1. GUALIMA 100%
  2. MEDSYS

Highest known parent: GUALIMA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,248 companies in sector 32500 we hold annual accounts for 694. 536 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450817990
Registered 19-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.