MEDUNO
ActiveThe annual accounts of MEDUNO for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-11k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 1502 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-68
Solvency31▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.02 in 2024; short-term debt: 75% and cash: 11.6% of total assets), and 93.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 77
Relative position
BE, all sectors
reference
Sector 77
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 2025Solvency, return and age of the figures
Solvency
6.4%
Return on assets
-13.5%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
4 d early
2023
27 d early
2022
on the day
2021
26 d late
2020
61 d late
2019
60 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 67.7%
2024 · €16k
2018: €3k
2019: €26k
2020: €47k
2021: €33k
2022: €31k
2023: €33k
2024: €16k
2018 → 2025
Total assets
€79k▼ 37.6%
2024 · €126k
2018: €76k
2019: €79k
2020: €117k
2021: €90k
2022: €79k
2023: €149k
2024: €126k
2018 → 2025
Net result
€-11k
2024 · €6k
2018: €-10k
2019: €23k
2020: €21k
2021: €-14k
2022: €-2k
2023: €38k
2024: €6k
2018 → 2025
Working capital
€5k▲ 122%
2024 · €2k
2018: €-3k
2019: €20k
2020: €42k
2021: €33k
2022: €16k
2023: €12k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€31k▼ 4.9%€33k▲ 6.4%€16k▼ 53.0%€5k▼ 67.7%
Operating result€-13k-€4k€56k▲ 1,315%€16k▼ 70.6%€-4k
Net result€-14k-€-2k▲ 88.5%€38k€6k▼ 83.3%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€15k▼ 61.4%
Current assets
€64k▼ 26.9%
Equity and liabilities €79k
Equity
€5k▼ 67.7%
Debt
€74k▼ 33.4%
The debt ratio rises from 87.6% to 93.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €22k
Cash flow
€-4k▼
2024 · €12k
Solvency
6.4%▼
2024 · 12.4%
Current ratio
1.08▲
2024 · 1.02
Quick ratio
1.07▲
2024 · 1.01
Debt / equity
14.54▲
2024 · 7.06
ROE
-209.2%▼
2024 · 39.9%
ROA
-13.5%▼
2024 · 5.0%
Interest coverage
0.60▼
2024 · 8.30
Debt
€74k▼
2024 · €111k
Debt ≤ 1 year
€59k▼
2024 · €85k
Debt > 1 year
€15k▼
2024 · €26k
Income taxes
€5k▼
2024 · €10k
Staff costs
€54k▼
2024 · €63k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€126k€79k▼
Fixed assets21/28€39k€15k▼
Intangible fixed assets21€302-
Tangible fixed assets22/27€38k€15k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€34k€12k▼
Financial fixed assets28€811€411▼
Current assets29/58€87k€64k▼
Stocks and contracts in progress3€952€145▼
Stocks30/36€952€145▼
Amounts receivable within one year40/41€83k€54k▼
Trade receivables40€37k€9k▼
Other amounts receivable41€46k€45k▼
Cash at bank and in hand54/58€3k€9k▲
Deferred charges and accrued income490/1€583-
Equity and liabilities
Total equity and liabilities10/49€126k€79k▼
Equity10/15€16k€5k▼
Contributions10/11€1€1=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14-€-11k
Amounts payable17/49€111k€74k▼
Amounts payable after more than one year17€26k€15k▼
Financial debts170/4€26k€15k▼
Amounts payable within one year42/48€85k€59k▼
Current portion of amounts payable after more than one year42€12k€11k▼
Financial debts43-€18k
Credit institutions430/8-€18k
Trade debts44€11k€557▼
Suppliers440/4€11k€557▼
Taxes, remuneration and social security45€38k€27k▼
Taxes450/3€29k€18k▼
Remuneration and social security454/9€9k€9k▼
Other amounts payable47/48€24k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€63k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€16k€18k▲
Gross operating margin9900€101k€74k▼
Operating profit (loss)9901€16k€-4k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€17k€-6k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€6k€-11k▼
Profit (loss) for the period to be appropriated9905€6k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-11k▼
Transfer from equity791/2€18k-
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
The notes to these accounts (13 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-14k ▼167%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Grimbergen · 1 establishment unit since 2016
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.
Gemeentehuisstraat 41852 GrimbergenGround area
441 m²
Building footprint
292 m²
Volume, LiDAR
1,941 m³
Parcel 23005B0412/00K002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ShotTakers
since 20162.265.817.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005B0412/00K002 | Flanders | 441 m² | 1 · 292 m² | 11.2 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 330 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 330 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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MEMORY PAY
BE 0727.543.649
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Of 174 companies in sector 77330 we hold annual accounts for 109. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2016
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47420Retail trade
77330Rental and leasing activities
43331Floor and wall tiling
43350Other building finishing work
43421Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:bjorn.botta.external@axa-tech.com