Medtech Development
ActiveSummary
Medtech Development has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,500) and a net result of -€5,000. Its solvency ranks better than 5% of 10,760 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- -€2,500
- Loss
- -€5,000
Why 53raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€2,500lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €2,405Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 33% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: Joost Busschaert (director)Resignation: Hugues Wielemans (director) ·…
- IncorporationAppointment: WIELEMANS Hugues Roger Michel…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (29 days) Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450749.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.3% are still going.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,322 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.
| Line | 2025 |
|---|---|
| Gross operating margin9900 | -€4,288 |
| Operating profit (loss)9901 | -€4,288 |
| Financial charges65/66B | €712 |
| Recurring financial charges65 | €712 |
| Profit (loss) for the period before taxes9903 | -€5,000 |
| Profit (loss) for the period9904 | -€5,000 |
| Profit (loss) for the period to be appropriated9905 | -€5,000 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2,405 | |
| Current assets29/58 | €2,405 | |
| Cash at bank and in hand54/58 | €2,405 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2,405 | |
| Equity10/15 | -€2,500 | |
| Contributions10/11 | €2,500 | |
| Contributions outside capital11 | €2,500 | |
| Other1109/19 | €2,500 | |
| Profit (loss) carried forward14 | -€5,000 | |
| Amounts payable17/49 | €4,905 | |
| Amounts payable within one year42/48 | €4,905 | |
| Trade debts44 | €357 | |
| Suppliers440/4 | €357 | |
| Taxes, remuneration and social security45 | €52 | |
| Taxes450/3 | €52 | |
| Other amounts payable47/48 | €4,496 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€5,000 |
| Operating cash flow (approximation) | -€5,000 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-08-2026 | 2026-00450749 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Joost Busschaert |
|
| WIELEMANS Hugues Roger Michel Paul Ghislain |
|
Owners and capital
Capital and shareholders
- WIELEMANS Hugues Roger Michel Paul Ghislain 100 shares (100%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-04-2025 Incorporation · €2,500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-07
Gazette deed
Appointment: Joost Busschaert (director)Resignation: Hugues Wielemans (director) · Registered-office move5 facts ▸
- General meeting, 30-06-2026
- Registered-office move, Schaluinveld 35 bus B5, 3290 Diest
- Director appointment, Joost Busschaert (director)
- Director resignation, Hugues Wielemans (director)
- Other provision, “publication identifier”, 26345585 (deed in Dutch)
22-04
Gazette deed
IncorporationAppointment: WIELEMANS Hugues Roger Michel Paul Ghislain (director) · Founder · Founding capital6 facts ▸
- Founder, WIELEMANS Hugues Roger Michel Paul Ghislain
- Incorporation, “Medtech Development” (deed in Dutch)
- Founding capital, €2,500
- Registered office clause, “Tremelo, Galgenbergstraat 14” (deed in Dutch)
- Board rule, 1, “vanaf neerlegging ter griffie” (deed in Dutch)
- Director appointment, WIELEMANS Hugues Roger Michel Paul Ghislain (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24020B0282/00W002 | Flanders | 9,929 m² | 1 · 714 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, zetel van vennootschap” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 16:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor