MINICARE
ActiveSummary
MINICARE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,934 and a net result of €115,934. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2024 Normal situation
- Activity
- “L'exercice, en son nom et pour son compte, de la médecine, plus particulièrement de…” (deed in French)From the articles, 19 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.366.784.162 1410 Waterloo, since 01-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-07-2025
Board and ownership
Board
- MAGERMAN Clémentine Jean-Louis Elisabeth Michèle MurielleDirector · since 28-06-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €163,823
- Turnover
- ≈ €410,000
- estimated
- Profit
- €115,934
- Equity
- €93,934
- Total assets
- €172,896
- 2025 accounts filed 25 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFounded in 2024lowers riskLiquidity: current ratio 2.19, cash €172,896Size: total assets €172,896Show the evidence
Checked score
Score 2025
72
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 69% of micro companies without a NACE code
Financial strength
Strong
Solvency
79
equity 54.3% of total assets
Liquidity
78
short-term debt 45.7% · cash 100.0%
Profitability
100
return on assets 67.1%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 7.0%
08-2025: 7.0%● unchanged vs 07-2025
09-2025: 7.2%▲ +0.2 percentage points vs 08-2025
10-2025: 7.8%▲ +0.6 percentage points vs 09-2025
11-2025: 8.1%▲ +0.3 percentage points vs 10-2025
12-2025: 8.7%▲ +0.6 percentage points vs 11-2025
01-2026: 8.7%● unchanged vs 12-2025
02-2026: 8.8%▲ +0.1 percentage points vs 01-2026
03-2026: 8.8%● unchanged vs 02-2026
04-2026: 8.6%▼ -0.2 percentage points vs 03-2026
05-2026: 8.7%▲ +0.1 percentage points vs 04-2026
06-2026: 9.3%▲ +0.6 percentage points vs 05-2026
07-2026: 9.4%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 9.4%● unchanged vs 07-2026highest value
09-2026: 0.6%▼ -8.8 percentage points vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.19, above the usual 1.5. Short-term debt is 45.7% and cash 100% of total assets. 45.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 47% of them on solvency, 71% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420470.
Annual accounts 2025 filed on 25-08-2026 at the NBB
Turnover
≈ €410,000
Estimated: probably between €270,000 and €630,000
Total assets
€172,896
Net result
€115,934
Working capital
€93,934
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €172,896
Equity
€93,934
Debt
€78,962
Debt's share of the balance-sheet total is 45.7%.
Key figures and ratios
Current ratio
2.19
Debt to equity
0.84
ROE
123.4%
ROA
67.1%
Debt ≤ 1 year
€78,962
Income taxes
€47,679
Annual accounts
| Line | 2025 |
|---|---|
| Gross operating margin9900 | €163,823 |
| Operating profit (loss)9901 | €163,823 |
| Financial income75/76B | €24 |
| Recurring financial income75 | €24 |
| Financial charges65/66B | €234 |
| Recurring financial charges65 | €234 |
| Profit (loss) for the period before taxes9903 | €163,613 |
| Income taxes67/77 | €47,679 |
| Profit (loss) for the period9904 | €115,934 |
| Profit (loss) for the period to be appropriated9905 | €115,934 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €172,896 | |
| Current assets29/58 | €172,896 | |
| Cash at bank and in hand54/58 | €172,896 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €172,896 | |
| Equity10/15 | €93,934 | |
| Contributions10/11 | €2,000 | |
| Reserves13 | €90,000 | |
| Distributable reserves133 | €90,000 | |
| Profit (loss) carried forward14 | €1,934 | |
| Amounts payable17/49 | €78,962 | |
| Amounts payable within one year42/48 | €78,962 | |
| Trade debts44 | €7,146 | |
| Suppliers440/4 | €7,146 | |
| Taxes, remuneration and social security45 | €57,279 | |
| Taxes450/3 | €57,279 | |
| Other amounts payable47/48 | €14,537 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €115,934 |
| Operating cash flow (approximation) | €115,934 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MINICARE has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MINICARE itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MINICARE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00420470 |
Board & ownership
Directors
Directors
1 director, no change since 2024
MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle
Current
Director (not named in the articles) · since 28-06-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 25-08-2026
Owners and capital
Shareholders
At incorporation
act of 02-07-2024 ↗
- MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle 100 shares (100%) · €2,000 in cash
Capital transactions
Capital over time
- 02-07-2024 Incorporation · €2,000 · 100 shares
Articles of association
- Authorised capitalThe board may raise the capital up to this amount without a new shareholder decision.
- “Émettre des actions nouvelles, des obligations convertibles ou des droits de souscription, jour fixé par la Loi comme point de départ”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 02-07-2024 (in French)
Network & group
MINICARE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MINICARE. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
25-08
micro format · 25 days late
2024
30-12
Gazette deed
Registered office moved from Andenne to WaterlooNew seat: Avenue des merles, 12 à 1410 Waterloo · Previous seat: Rue de Belle-Vue 2 boîte A-SS, 5300 Andenne, Belgique2 points ▸
Gazette deed
Registered office moved from Andenne to Waterloo
New seat: Avenue des merles, 12 à 1410 Waterloo · Previous seat: Rue de Belle-Vue 2 boîte A-SS, 5300 Andenne, Belgique2 points ▸
- Registered-office move, Avenue des merles,12 à 1410 Waterloo
- Board meeting, 01-08-2024
02-07
Gazette deed
IncorporationStarting capital €2,000 · Appointment: MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle (director) · Founder10 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle (director) · Founder10 points ▸
- Incorporation, 27-06-2024
- Founder, MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle
- Founding capital, €2,000
- Other provision, “loi, effectivité décisions transitoires” (deed in French)
- Registered office clause, /, “5300 Andenne,Rue de Belle-Vue 2A-SS” (deed in French)
- Board rule, 1
- Director appointment, MAGERMAN Clémentine Jean-Louis Elisabeth Michèle Murielle (director (not named in the articles))
- Declaration, “vérification interdictions de gérer, pas d'interdiction civile ou pénale” (deed in French)
- Declaration, “absence interdiction de gérer” (deed in French)
- Pre-incorporation commitments, “takeover, engagements,obligations,activités au nom et pour compte société en formation” (deed in French)
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MINICARE in French
Enterprise number
1010.914.501
Legal form
Private limited company
Status
Active, normale toestand
Founded
28-06-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-07-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne, créés, en Belgique ou à l’étranger, par décision de l’organe d’administration”
deed of 02-07-2024 (in French)Registered office and establishments
Registered office
Avenue des Merles 12, 1410 Waterloo, Belgium
1 former office
- Rue de Belle-Vue 2 boîte A-SS, 5300 Andenne until 01-08-2024 · act of 30-12-2024
Establishment unit
Avenue des Merles 12, 1410 Waterloo since 01-08-2024 · unit number 2.366.784.16286220 Specialist medical practice
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 02-07-2024 (in French)
“L'exercice, en son nom et pour son compte, de la médecine, plus particulièrement de la médecine pédiatrique, et par l'intermédiaire de ses…”
19 activities
- L'exercice, en son nom et pour son compte, de la médecine, plus particulièrement de la médecine pédiatrique, et par l'intermédiaire de ses organes médecins, légalement habilités à pratiquer la médecine en Belgique, inscrit au Tableau de l'Ordre des Médecins selon les règles de la déontologie médicale
- D'organiser des services généraux et un secrétariat médical en particulier pour y exercer les activités
- La société a pour but de leur permettre de pratiquer une médecine de qualité, dans le respect de la déontologie et de la liberté thérapeutique et diagnostique et au libre choix du médecin par le patient, de la dignité et de l'indépendance professionnelle
- En assurant la gestion d'un centre médical ou d'un cabinet médical, en ce compris l'acquisition, la location et l'entretien du matériel médical et des biens d'équipement, la facturation et la perception d'honoraires médicaux, la mise à disposition de tout ce qui est nécessaire à la pratique de l'art de guérir
- En permettant la création, la construction, la location, l'acquisition, l'organisation et la fonctionnement d'un cabinet médical ou d'un centre médical de nature à faciliter l'exercice de la profession de médecin
- En assurant la défense des intérêts professionnels, moraux et matériels des médecins travaillant dans le cadre de la société
- La société se donne également pour objet de favoriser la recherche scientifique en organisant des activités de recyclage et en nouant avec tous les organismes poursuivant les mêmes buts, les relations nécessaires à la réalisation de son objet
- La société pourra faire tout acte nécessaire et/ou indispensable à l'accomplissement de son objet et plus particulièrement toute transaction mobilière et immobilière concernant les locaux médicaux, l'achat du matériel médical et non médical, l'engagement du personnel administratif, soignant pratiquant ou appelé a pratiquer dans la société
- Elle ne pourra cependant poser aucun acte quelconque que dans le strict respect des règles de la déontologie médicale
- La société pourra d'une façon générale accomplir toutes opérations se rapportant directement ou indirectement à la réalisation de son objet social, sans caractère répétitif et commercial et sans en modifier sa vocation médicale
- L'objet ne pourra être poursuivi que dans le respect des prescriptions d'ordre déontologique, notamment celles relatives au livre choix du médecin par le patient, à l'indépendance professionnelle du praticien
- La société s'interdit toute exploitation commerciale de la médecine, toute forme de collusion directe ou indirecte, de dichotomie ou de surconsommation
- La société pour louer ou sous-louer, acquérir des droits réels ou la pleine propriété de tout immeuble dans le but soit d'y établir son siège social, soit un siège d'activité ou d'y loger ses dirigeants et les membres en ligne directe de leur famille sans que cela motive la vacation médicale de la société
- Elle pourra s'intéresser par voie d'apport, de fusion, de souscription ou de toute autre manière, dans toutes entreprises, associations ou sociétés ayant un objet similaire, analogue ou connexe, ou de nature à favoriser celui de la société sous réserve d'en informer le Conseil Provincial intéressé de l'Ordre des Médecins et pour autant que cette participation fasse l'objet également d'un contrat
- A titre accessoire, la société peut également avoir pour objet la constitution, et la valorisation d'un patrimoine immobilier, notamment par l'achat, la vente, la location, la mes en location, la construction, le tout au sens le plus large, pour autant que n'en soient altérés sa vocation prioritairement médicale, et que ces opérations s'inscrivant dans les limites d'une gestion n'aient pas un caractère répétitif et commercial
- Dès lors qu'il y a plusieurs actionnaires, un accord préalable, par les actionnaires est à prévoir sur la politique de constitution et de gestion des investissements ainsi réalisés
- Les modalités d'investissement doivent être approuvées, au préalable, par les actionnaires, à une majorité des deux-tiers minimum
- En cas de pluralité d'actionnaires, ceux-ci mettent en commun la totalité de leur activité médicale au sein de la société
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions
Invoicing and payment
VAT number
BE 1010.914.501
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of June
deed of 02-07-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
667 m²
Building footprint
62 m²
Building volume
431 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25763I0828/00B000 | Wallonia | 666 m² | 1 · 62 m² | 10.4 m · 2 |