MEDUSA CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of MEDUSA CONSTRUCTION is 5.3% (elevated). The 2025 annual accounts show negative equity (€-9k) and a net result of €-6k. Equity is shrinking by ~67.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
13
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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 · 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-9k
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 · 4 filingsDeviation from the deadline
2025
23 d early
2024
13 d early
2023
36 d early
2022
28 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k▼ 176%
2024 · €-3k
2022: €9k
2023: €12k
2024: €-3k
2022 → 2025
Total assets
€1k▲ 46.2%
2024 · €953
2022: €29k
2023: €26k
2024: €953
2022 → 2025
Net result
€-6k▲ 62.4%
2024 · €-15k
2022: €6k
2023: €3k
2024: €-15k
2022 → 2025
Working capital
€-53▲ 95.2%
2024 · €-1k
2022: €-4k
2023: €-2k
2024: €-1k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€9k-€12k▲ 34.6%€-3k€-9k▼ 176%
Operating result€11k-€6k▼ 46.8%€-15k€-5k▲ 66.6%
Net result€6k-€3k▼ 51.7%€-15k€-6k▲ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €15k in 2024; the loss shrinks.
Key figures and ratios
Debt
€10k▲
2024 · €4k
Debt ≤ 1 year
€1k▼
2024 · €2k
Debt > 1 year
€9k▲
2024 · €2k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€953€1k▲
Current assets29/58€953€1k▲
Amounts receivable within one year40/41€539€164▼
Other amounts receivable41€539€164▼
Cash at bank and in hand54/58€414€6▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€953€1k▲
Equity10/15€-3k€-9k▼
Contributions10/11€3k€3k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-15k€-21k▼
Amounts payable17/49€4k€10k▲
Amounts payable after more than one year17€2k€9k▲
Other amounts payable178/9€2k€9k▲
Amounts payable within one year42/48€2k€1k▼
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€445-
Other operating charges640/8€5k€172▼
Gross operating margin9900€-10k€-5k▲
Operating profit (loss)9901€-15k€-5k▲
Financial charges65/66B€409€787▲
Recurring financial charges65€409€787▲
Profit (loss) for the period before taxes9903€-15k€-6k▲
Income taxes67/77€8-
Profit (loss) for the period9904€-15k€-6k▲
Profit (loss) for the period to be appropriated9905€-15k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-21k▼
Profit (loss) brought forward from the previous period14P-€-15k
The notes to these accounts (3 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
26-08
State Gazette act
Resignations: Koundourakis Andreas (director) and Koundourakis Dimitrios (director)Appointment: Christos Plaras (director) · Registered-office move · Director discharge10 facts ▸
State Gazette act
Resignations: Koundourakis Andreas (director) and Koundourakis Dimitrios (director)
Appointment: Christos Plaras (director) · Registered-office move · Director discharge10 facts ▸
- General meeting, 15-07-2026
- Registered-office move, Rosmeerstraat 1, 3740 Bilzen
- Director resignation, Koundourakis Andreas (director)
- Director resignation, Koundourakis Dimitrios (director)
- Director discharge, Koundourakis Andreas
- Director discharge, Koundourakis Dimitrios
- Director appointment, Christos Plaras (director)
- Share transfer, Koundourakis Andreas → Christos Plaras
- Share transfer, Koundourakis Dimitrios → Christos Plaras
- Debt assumption, rekening courant schulden, e4
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-15k ▼594%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Christos Plaras
CurrentDirector · since 15-07-2026
15-07-2026
Christos Plaras: Appointed as Director
15-07-2026
Koundourakis Andreas: Resigned as Director
15-07-2026
Koundourakis Dimitrios: Resigned as Director
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2021
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.
Rosmeerstraat 13740 Bilzen-HoeseltGround area
1,049 m²
Building footprint
364 m²
Volume, LiDAR
2,174 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MEDUSA CONSTRUCTION
since 20212.314.019.924
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72344D0479/00H000 | Flanders | 775 m² | 1 · 142 m² | 13.0 m · 3 fl. |
| 73071C0012/00E000 | Flanders | 275 m² | 1 · 222 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 26-08-2026 ↗
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
VAN COOP
BE 0563.910.092
Ronse · Eq €11,857
Emako
BE 0775.464.619
Boechout · Eq €11,854
PIKANT LM
BE 0645.847.873
Havelange · Eq €12,016
DVX
BE 1005.265.537
Wingene · Eq €11,806
VGB Grondwerken
BE 0747.631.260
Balen · Eq €11,799
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 1,616 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43331Floor and wall tiling
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.