MEDYS
ActiveSummary
MEDYS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587,278 and a net result of €106,865. Equity is growing by ~66.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-12
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 4.48 against 2.94 in 2024; short-term debt: 18.4% and cash: 13.3% of total assets), and 24.1% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.9%
Return on assets
13.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
40 d late
2022
70 d late
2021
8 d late
2020
80 d early
2019
50 d early
← 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 31 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€587,278▲ 22.2%
2024 · €480,413
Total assets
€774,225▲ 5.4%
2024 · €734,875
Net result
€106,865▼ 38.4%
2024 · €173,588
Working capital
€496,088▲ 6.7%
2024 · €464,889
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€163,755▲ 53.3%€177,630▲ 8.5%€194,393▲ 9.4%€269,097▲ 38.4%€160,269▼ 40.4%
Net result€113,833above the sector's middle half▲ 41.5%€114,948within the sector's middle half▲ 1.0%€125,245within the sector's middle half▲ 9.0%€173,588above the sector's middle half▲ 38.6%€106,865within the sector's middle half▼ 38.4%
Equity€66,632within the sector's middle half€181,580within the sector's middle half▲ 173%€306,825within the sector's middle half▲ 69.0%€480,413within the sector's middle half▲ 56.6%€587,278within the sector's middle half▲ 22.2%
Total assets€671,494above the sector's middle half▲ 1.5%€613,896within the sector's middle half▼ 8.6%€619,124within the sector's middle half▲ 0.9%€734,875within the sector's middle half▲ 18.7%€774,225within the sector's middle half▲ 5.4%
Debt€604,862▼ 22.3%€432,316▼ 28.5%€312,299▼ 27.8%€254,462▼ 18.5%€186,947▼ 26.5%
Working capital€255,729above the sector's middle half▲ 206%€345,973within the sector's middle half▲ 35.3%€294,346within the sector's middle half▼ 14.9%€464,889within the sector's middle half▲ 57.9%€496,088within the sector's middle half▲ 6.7%
Solvency9.9%within the sector's middle half▲ 29.2pp29.6%within the sector's middle half▲ 19.7pp49.6%within the sector's middle half▲ 20.0pp65.4%within the sector's middle half▲ 15.8pp75.9%above the sector's middle half▲ 10.5pp
Current ratio1.72within the sector's middle half▲ 0.572.54within the sector's middle half▲ 0.821.98within the sector's middle half▼ 0.552.94within the sector's middle half▲ 0.954.48above the sector's middle half▲ 1.54
Return on assets (ROA)17.0%above the sector's middle half▲ 4.8pp18.7%above the sector's middle half▲ 1.8pp20.2%above the sector's middle half▲ 1.5pp23.6%above the sector's middle half▲ 3.4pp13.8%above the sector's middle half▼ 9.8pp
Staff (FTE)2▲ 53.8%1below the sector's middle half▼ 50.0%1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €774,225
Fixed assets
€135,583 ▲ 355%
Current assets
€638,642 ▼ 9.4%
Equity and liabilities €774,225
Equity
€587,278 ▲ 22.2%
Debt
€186,947 ▼ 26.5%
Debt's share of the balance-sheet total falls from 34.6% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169,995▼
2024 · €285,421
Cash flow
€116,592▼
2024 · €189,911
Quick ratio
3.28▲
2024 · 2.23
Debt to equity
0.32▼
2024 · 0.53
ROE
18.2%▼
2024 · 36.1%
Interest coverage
12.63▲
2024 · 9.46
Debt ≤ 1 year
€142,555▼
2024 · €240,210
Debt > 1 year
€35,592
Income taxes
€43,650▼
2024 · €75,688
Staff costs
€72,139▲
2024 · €64,194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 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% | 1.0% |
| 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% 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 31,371 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €48,252 | €59,446 | €65,110 | €64,194 | €72,139 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,295 | €18,026 | €17,076 | €16,324 | €9,726 | ▼ 40.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €35,350 | - | - | - |
| Other operating charges640/8 | €4,239 | €4,834 | €3,549 | €3,140 | €3,090 | ▼ 1.6% |
| Gross operating margin9900 | €234,541 | €259,937 | €315,479 | €352,754 | €245,224 | ▼ 30.5% |
| Operating profit (loss)9901 | €163,755 | €177,630 | €194,393 | €269,097 | €160,269 | ▼ 40.4% |
| Financial income75/76B | €2,100 | €2,268 | €992 | €10,345 | €3,707 | ▼ 64.2% |
| Recurring financial income75 | €2,100 | €2,268 | €992 | €10,345 | €3,707 | ▼ 64.2% |
| Financial charges65/66B | €12,272 | €15,576 | €17,728 | €30,166 | €13,460 | ▼ 55.4% |
| Recurring financial charges65 | €12,272 | €15,576 | €17,728 | €30,166 | €13,460 | ▼ 55.4% |
| Profit (loss) for the period before taxes9903 | €153,583 | €164,321 | €177,657 | €249,276 | €150,515 | ▼ 39.6% |
| Income taxes67/77 | €39,750 | €49,373 | €52,412 | €75,688 | €43,650 | ▼ 42.3% |
| Profit (loss) for the period9904 | €113,833 | €114,948 | €125,245 | €173,588 | €106,865 | ▼ 38.4% |
| Profit (loss) for the period to be appropriated9905 | €113,833 | €114,948 | €125,245 | €173,588 | €106,865 | ▼ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €671,494 | €613,896 | €619,124 | €734,875 | €774,225 | ▲ 5.4% |
| Fixed assets21/28 | €60,803 | €42,776 | €25,700 | €29,776 | €135,583 | ▲ 355% |
| Tangible fixed assets22/27 | €58,283 | €40,256 | €23,180 | €6,856 | €115,183 | ▲ 1,580% |
| Plant, machinery and equipment23 | €1,280 | €640 | - | - | €1,615 | - |
| Furniture and vehicles24 | €57,003 | €39,616 | €23,180 | €6,856 | €113,568 | ▲ 1,556% |
| Financial fixed assets28 | €2,520 | €2,520 | €2,520 | €22,920 | €20,400 | ▼ 11.0% |
| Current assets29/58 | €610,691 | €571,119 | €593,424 | €705,098 | €638,642 | ▼ 9.4% |
| Stocks and contracts in progress3 | €363,169 | €359,724 | €394,125 | €170,392 | €170,446 | = |
| Stocks30/36 | €363,169 | €359,724 | €394,125 | €170,392 | €170,446 | = |
| Amounts receivable within one year40/41 | €240,575 | €193,849 | €190,196 | €412,633 | €355,291 | ▼ 13.9% |
| Trade receivables40 | €240,575 | €189,387 | €183,185 | €154,972 | €165,291 | ▲ 6.7% |
| Other amounts receivable41 | - | €4,462 | €7,012 | €257,661 | €190,000 | ▼ 26.3% |
| Cash at bank and in hand54/58 | €6,946 | €17,546 | €9,102 | €122,073 | €102,842 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €10,063 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €671,494 | €613,896 | €619,124 | €734,875 | €774,225 | ▲ 5.4% |
| Equity10/15 | €66,632 | €181,580 | €306,825 | €480,413 | €587,278 | ▲ 22.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €47,500 | €162,000 | €287,000 | €460,500 | €567,000 | ▲ 23.1% |
| Distributable reserves133 | €47,500 | €162,000 | €287,000 | €460,500 | €567,000 | ▲ 23.1% |
| Profit (loss) carried forward14 | €532 | €980 | €1,225 | €1,313 | €1,678 | ▲ 27.8% |
| Amounts payable17/49 | €604,862 | €432,316 | €312,299 | €254,462 | €186,947 | ▼ 26.5% |
| Amounts payable after more than one year17 | €249,232 | €207,170 | - | - | €35,592 | - |
| Financial debts170/4 | €24,232 | €7,170 | - | - | €35,592 | - |
| Other amounts payable178/9 | €225,000 | €200,000 | - | - | - | - |
| Amounts payable within one year42/48 | €354,962 | €225,146 | €299,078 | €240,210 | €142,555 | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | €16,859 | €17,062 | €7,170 | - | €19,592 | - |
| Financial debts43 | €105,012 | €13,804 | €155,163 | €10,163 | €10,141 | ▼ 0.2% |
| Credit institutions430/8 | €105,012 | €13,804 | €155,163 | €10,163 | €10,141 | ▼ 0.2% |
| Trade debts44 | €80,303 | €143,169 | €113,183 | €88,764 | €62,896 | ▼ 29.1% |
| Suppliers440/4 | €80,303 | €143,169 | €113,183 | €88,764 | €62,896 | ▼ 29.1% |
| Taxes, remuneration and social security45 | €37,788 | €51,112 | €10,262 | €13,227 | €27,159 | ▲ 105% |
| Taxes450/3 | €32,732 | €44,123 | €2,500 | €5,350 | €19,000 | ▲ 255% |
| Remuneration and social security454/9 | €5,055 | €6,988 | €7,762 | €7,877 | €8,159 | ▲ 3.6% |
| Other amounts payable47/48 | €115,000 | - | €13,300 | €128,056 | €22,766 | ▼ 82.2% |
| Accrued charges and deferred income492/3 | €668 | - | €13,221 | €14,252 | €8,800 | ▼ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,833 | €114,948 | €125,245 | €173,588 | €106,865 | ▼ 38.4% |
| + Depreciation and write-downs630 | €18,295 | €18,026 | €17,076 | €16,324 | €9,726 | ▼ 40.4% |
| Operating cash flow (approximation) | €132,128 | €132,974 | €142,322 | €189,911 | €116,592 | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€20,400 | -€115,533 | ▼ 466% |
| Change in cash | - | €10,600 | -€8,445 | €112,971 | -€19,231 | ▼ 117% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €500,000Eq €587,278 ▲22.2%
8 profitable years in a row build equity to €587,278.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €173,588 ▲38.6%
Operating result €269,097, net result €173,588, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Equity above €200,000Eq €306,825 ▲69%
6 profitable years in a row build equity to €306,825.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Equity above €150,000Eq €181,580 ▲173%
5 profitable years in a row build equity to €181,580.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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 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, Kapellen · 1 establishment unit since 2004
Ground area
3.4 ha
Building footprint
7,533 m²
Volume, LiDAR
54,209 m³
Parcel 11023C0137/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Medys
since 20042.135.350.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0137/00D000 | Flanders | 3.4 ha | 1 · 7,533 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,250 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,250 EUR | 0 EUR |
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 787 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
Founded22-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862879930
Also
9925:BE0862879930
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.