ORTHOMED DISTRIBUTION
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by ORTHOMED merger by absorption, February 2024
- Activity
- “Groot- en kleinhandel,invoer en uitvoer,handelsbemiddeling,verhuur van medische en orthopedische artikelen,medische kruiden,prothesen en invalidenwagens,verbandstoffen,chirurgische instrumenten…” (deed in Dutch)From the articles, 12 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- ELODUSDirector · since 13-04-2022 · permanent representative Daniel Sengelov
- M.M.CDirector · since 13-04-2022 · permanent representative Michiel Meerbergen
- S. Van HeckeDirector · since 13-04-2022
Shareholders
- MAGNOLIA INVEST100%2021 annual accounts of MAGNOLIA INVEST
Financial position
No score
Annual accounts to 30-06-2023
- Gross margin
- €50,342
- ▼ 43.1%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €32,650
- Equity
- €37,170
- ▲ 722%
- Total assets
- €80,964
- ▲ 14.3%
- Staff
- ≈ 0.4 FTE
- estimated
Financials
Financials · financial year 2023, micro format
Annual accounts 2023 filed on 16-12-2023 PDF all 14 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €260,000
Total assets
€80,964▲ 14.3%
2022 · €70,863
Net result
€32,650
2022 · -€2,668
Working capital
€37,170▲ 722%
2022 · €4,520
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€39,700
2023
20182023
Net result
€32,650
2023
20182023
Equity
€37,170
▲ 722%
2023
20182023
Total assets
€80,964
▲ 14.3%
2023
20182023
Debt
€43,794
▼ 34.0%
2023
20182023
Working capital
€37,170
▲ 722%
2023
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€2,377-€3,399€1,390▼ 59.1%-€8,942-€2,429▲ 72.8%€39,700
Net result-€6,071-€3,320€1,161▼ 65.0%-€9,049-€2,668▲ 70.5%€32,650
Equity€11,757-€15,077▲ 28.2%€16,237▲ 7.7%€7,188▼ 55.7%€4,520▼ 37.1%€37,170▲ 722%
Total assets€11,757-€84,297▲ 617%€63,639▼ 24.5%€68,708▲ 8.0%€70,863▲ 3.1%€80,964▲ 14.3%
Debt€69,220€47,402▼ 31.5%€61,521▲ 29.8%€66,343▲ 7.8%€43,794▼ 34.0%
Working capital€14,952€16,122▲ 7.8%€7,188▼ 55.4%€4,520▼ 37.1%€37,170▲ 722%
Staff (FTE)11=1=1=
The operating result for 2023 is a profit of €39,700, after a loss of €2,429 in 2022. It is the highest result since 2019.
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
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €80,964
Equity
€37,170 ▲ 722%
Debt
€43,794 ▼ 34.0%
Debt's share of the balance-sheet total falls from 93.6% to 54.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.85▲
2022 · 1.07
Quick ratio
1.35▲
2022 · 0.74
Debt to equity
1.18▼
2022 · 14.68
ROE
87.8%▲
2022 · -59.0%
ROA
40.3%▲
2022 · -3.8%
Debt ≤ 1 year
€43,794▼
2022 · €66,343
Income taxes
€7,000▲
2022 · €222
Staff costs
€10,643▼
2022 · €90,456
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €89,078 | €90,456 | €10,643 | ▼ 88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115 | €115 | €115 | €115 | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | €410 | - | - |
| Gross operating margin9900 | -€2,200 | €81,304 | €76,751 | €80,660 | €88,437 | €50,342 | ▼ 43.1% |
| Operating profit (loss)9901 | -€2,377 | €3,399 | €1,390 | -€8,942 | -€2,429 | €39,700 | - |
| Financial income75/76B | - | - | - | €10 | €84 | - | - |
| Recurring financial income75 | - | - | - | €10 | €84 | - | - |
| Financial charges65/66B | - | - | - | €117 | €101 | €50 | ▼ 50.6% |
| Recurring financial charges65 | €67 | €79 | €229 | €117 | €101 | €50 | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | -€2,445 | €3,320 | €1,161 | -€9,049 | -€2,446 | €39,650 | - |
| Income taxes67/77 | €3,627 | - | - | - | €222 | €7,000 | ▲ 32× |
| Profit (loss) for the period9904 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €11,757 | €84,297 | €63,639 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Fixed assets21/28 | €345 | €230 | €115 | - | - | - | - |
| Tangible fixed assets22/27 | €345 | €230 | €115 | - | - | - | - |
| Current assets29/58 | €11,412 | €84,067 | €63,524 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Stocks and contracts in progress3 | - | - | - | €12,447 | €21,724 | €21,724 | = |
| Stocks30/36 | - | - | - | €12,447 | €21,724 | €21,724 | = |
| Amounts receivable within one year40/41 | €7,878 | €71,664 | €50,854 | €42,731 | €35,533 | €22,665 | ▼ 36.2% |
| Trade receivables40 | - | - | - | €42,731 | €35,438 | €22,665 | ▼ 36.0% |
| Other amounts receivable41 | - | - | - | - | €95 | - | - |
| Cash at bank and in hand54/58 | €3,534 | €12,403 | €12,670 | €13,530 | €13,606 | €36,575 | ▲ 169% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €11,757 | €84,297 | €63,639 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Equity10/15 | €11,757 | €15,077 | €16,237 | €7,188 | €4,520 | €37,170 | ▲ 722% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,827 | €13,827 | €13,827 | €13,827 | €13,827 | €13,827 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €11,967 | €11,967 | €11,967 | = |
| Profit (loss) carried forward14 | -€8,270 | -€4,950 | -€3,789 | -€12,839 | -€15,507 | €17,143 | - |
| Amounts payable17/49 | - | €69,220 | €47,402 | €61,521 | €66,343 | €43,794 | ▼ 34.0% |
| Amounts payable within one year42/48 | - | €69,115 | €47,402 | €61,521 | €66,343 | €43,794 | ▼ 34.0% |
| Trade debts44 | - | €43,067 | €22,853 | €5,831 | €14,456 | €13,265 | ▼ 8.2% |
| Suppliers440/4 | - | - | - | €5,831 | €14,456 | €13,265 | ▼ 8.2% |
| Taxes, remuneration and social security45 | - | - | - | €20,166 | €24,386 | €20,529 | ▼ 15.8% |
| Taxes450/3 | - | - | - | €2,565 | €6,562 | €8,789 | ▲ 33.9% |
| Remuneration and social security454/9 | - | - | - | €17,600 | €17,824 | €11,740 | ▼ 34.1% |
| Other amounts payable47/48 | - | - | - | €35,524 | €27,500 | €10,000 | ▼ 63.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| + Depreciation and write-downs630 | €115 | €115 | €115 | €115 | - | - | - |
| Operating cash flow (approximation) | -€5,956 | €3,435 | €1,276 | -€8,934 | -€2,668 | €32,650 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - |
| Change in cash | - | €8,869 | €267 | €860 | €76 | €22,969 | ▲ 303× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 16-12-2023 | 2023-00531320 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00109826 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20274850 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18900585 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18800093 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-23300347 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37400153 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-22500197 | |
| 31-12-2015 | abbreviated format | 06-06-2016 | 2016-15500589 | |
| 31-12-2014 | abbreviated format | 12-06-2015 | 2015-17100284 |
Board & ownership
Directors
Directors
4 directors, last change in 2022
Board 4
ELODUS
Current
Director · since 13-04-2022 · term without a fixed end · Private limited company (pre-2019) · permanent representative: Daniel Sengelov · also on the board of 6 other companies · listed in the 2023 annual accounts, filed on 16-12-2023
M.M.C
Current
Director · since 13-04-2022 · term without a fixed end · Private limited company · permanent representative: Michiel Meerbergen · also on the board of 6 other companies · listed in the 2023 annual accounts, filed on 16-12-2023
S. Van Hecke BV
Current
Director · since 13-04-2022 · term without a fixed end · Private limited company · permanent representative: Steve Van Hecke · also on the board of 6 other companies · listed in the 2023 annual accounts, filed on 16-12-2023
TWinC
Current
Director · since 13-04-2022 · term without a fixed end · Private limited company · permanent representative: Titia Willems · also on the board of 6 other companies · listed in the 2023 annual accounts, filed on 16-12-2023
Permanent representatives 4
Daniel Sengelov
Current
Permanent representative · appointed in the act of 05-05-2022 · for ELODUS
Michiel Meerbergen
Current
Permanent representative · appointed in the act of 05-05-2022 · for M.M.C
Steve Van Hecke
Current
Permanent representative · appointed in the act of 05-05-2022 · for S. Van Hecke BV
Titia Willems
Current
Permanent representative · appointed in the act of 05-05-2022 · for TWinC
Owners and capital
Shareholders
1 ownerChain of control
- MAGNOLIA INVEST
- ORTHOMED DISTRIBUTION
Owners 1
- MAGNOLIA INVESTparentEquity €18.0m Loss of €877 in 2023 (profit of €17.0m in 2022)100%
Former owners (1)
-
100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 29-12-2023 ↗
- VIGO International (BE 0838.892.127) all shares
Stated in the act
act of 09-08-2023 ↗
- Vigo International NV (BE 0838.892.127) 100%
Mandate history
5 people, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ELODUS |
|
| M.M.C |
|
| S. Van Hecke |
|
| TWinC |
|
| BV Magnolia Invest |
|
Network & group
Acquisitions and mergers
1 transactionTaken over by:ORTHOMED
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DEMOLDER ORTHOS
Shared corporate director
→
MATTON ORTHOPEDIE
Shared corporate director
→
ORTHOMED BVBA
Shared corporate director
→
VIGO
Shared corporate director
→
Timeline
Acts, filings and financial milestones
2023
29-12
Gazette deed
Merger: absorbed by ORTHOMEDDissolution of the company · Shareholding · Accounting effect8 points ▸
Gazette deed
Merger: absorbed by ORTHOMED
Dissolution of the company · Shareholding · Accounting effect8 points ▸
- General meeting, 05-12-2023
- Merger, “verrichting gelijkgesteld met fusie door overneming, zelfde besluit door algemene vergadering overnemende vennootschap” (deed in Dutch)
- VIGO International holds all the shares, mentioned 2 times in the deed
- Dissolution, “zelfde besluit door algemene vergadering overnemende vennootschap, ontbinding zonder vereffening” (deed in Dutch)
- Accounting effect, 01-07-2023
- Other provision, “kennisname fusievoorstel, EERSTE BESLUIT” (deed in Dutch)
- Power of attorney
- Power of attorney, Stijn RAES
16-12
micro format · 46 days before the deadline
09-08
Gazette deed
Merger proposal: to be absorbed by ORTHOMED BVShareholding · Accounting effect · Real estate14 points ▸
Gazette deed
Merger proposal: to be absorbed by ORTHOMED BV
Shareholding · Accounting effect · Real estate14 points ▸
- Merger, “opslorping door met fusie door overneming gelijkgestelde verrichting, geruisloze fusie” (deed in Dutch)
- Vigo International NV holds 100% of the shares, mentioned 2 times in the deed
- Other provision, “kennisname wettelijke verplichtingen geruisloze fusie, fusievoorstel neerleggen ter griffie van bevoegde Ondernemingsrechtbank en bekendmaken bij uittreksel ove…” (deed in Dutch)
- Other provision, “keuze neerlegging en publicatie bij uittreksel, neerlegging en navolgende publicatie bij uittreksel” (deed in Dutch)
- Other provision, “motivering beoogde verrichting, kostenbesparing in belangrijk onderdeel kernactiviteiten door verwerving activiteiten,kennis en know-how” (deed in Dutch)
- Accounting effect, 01-07-2023
- Other provision, “bijlagen header”, 23103653 (deed in Dutch)
- Other provision, “rechten houders bijzondere rechten en andere effecten, artikel 12:50, lid 2, 3° WVV” (deed in Dutch)
- Other provision, “bijzonder voordeel bestuursorganen, artikel 12:50, lid 2, 4° WVV” (deed in Dutch)
- Real estate
- Other provision, “ruilverhouding, artikel 12:7 WVV” (deed in Dutch)
- Other provision, “kosten verbonden aan de fusie, kosten fusie” (deed in Dutch)
- The act holds 2 more points.
30-06
Financial
Back to profitnet €32,650
The net result is €32,650, after 2 loss-making years.
05-06
micro format · 56 days before the deadline
2022
15-12
Gazette deed
Registered office moved from Hasselt to WetterenNew seat: Biezeweg 13, 9230 Wetteren · Previous seat: Bosstraat 146, 3500 Hasselt2 points ▸
Gazette deed
Registered office moved from Hasselt to Wetteren
New seat: Biezeweg 13, 9230 Wetteren · Previous seat: Bosstraat 146, 3500 Hasselt2 points ▸
- Board meeting, 15-11-2022
- Registered-office move, Biezeweg 13,9230 Wetteren
28-07
micro format · 3 days before the deadline
05-05
Gazette deed
4 directors appointed, 1 director resigningResignation: Magnolia Invest BV (director) · Permanent representatives: Rafaël Baeten, Michiel Meerbergen and 3 others · Appointments: M.M.C.BV, S.VAN HECKE BV and 2 others12 points ▸
Gazette deed
4 directors appointed, 1 director resigning
Resignation: Magnolia Invest BV (director) · Permanent representatives: Rafaël Baeten, Michiel Meerbergen and 3 others · Appointments: M.M.C.BV, S.VAN HECKE BV and 2 others12 points ▸
- General meeting, 13-04-2022
- Director resignation, Magnolia Invest BV (director)
- Permanent representative, Rafaël Baeten
- Director appointment, M.M.C.BV (director)
- Permanent representative, Michiel Meerbergen
- Director appointment, S.VAN HECKE BV (director)
- Permanent representative, Steve Van Hecke
- Director appointment, ELODUS BV (director)
- Permanent representative, Daniel Sengelov
- Director appointment, TWINC BV (director)
- Permanent representative, Titia Willems
- Director discharge, Magnolia Invest BV
2021
31-12
Financial
Weakest financial yearnet -€9,049
The net result drops to -€9,049, the lowest from 2018 to 2023.
10-06
micro format · 51 days before the deadline
2020
19-06
micro format · 42 days before the deadline
2019
31-12
Financial
Back to profitnet €3,320
The net result is €3,320, after one loss-making year.
Show earlier events
25-06
micro format · 36 days before the deadline
2018
25-07
micro format · 6 days before the deadline
2017
27-06
abbreviated format · 34 days before the deadline
2016
06-06
abbreviated format · 55 days before the deadline
2015
12-06
abbreviated format · 49 days before the deadline
2009
03-07
10 publications in the Belgian Official Gazette, the last on 29-12-2023
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by ORTHOMED in February 2024
ORTHOMED DISTRIBUTION is no longer in the KBO register. ORTHOMED took it over in a merger by absorption, published in the Belgian Official Gazette on 1 February 2024.
- Status
- Inactive
- Reason
- Merger by absorption"silent merger", Belgian Official Gazette, 1 February 2024 · act
- Absorbed by
- ORTHOMED · 0464.320.984
- Last annual accounts
- financial year to 30 June 2023
- Last registered office
- Beizeweg 13, 9230 Wetterenas published on 29 December 2023
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2010
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Groot- en kleinhandel,invoer en uitvoer,handelsbemiddeling,verhuur van medische en orthopedische artikelen,medische kruiden,prothesen en…”
12 activities
- Groot- en kleinhandel,invoer en uitvoer,handelsbemiddeling,verhuur van medische en orthopedische artikelen,medische kruiden,prothesen en invalidenwagens,verbandstoffen,chirurgische instrumenten en heelkundige apparaten,schoeisel.
- Verlenen van advies op het gebied van bedrijfsbeheer en bedrijfsvoering,public relations en communicatie,planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,arbitrage en bemiddeling tussen bedrijfsleiding en werknemers,algemene audit activiteiten.
- Managementactiviteiten van holdings,op korte en/of lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren.
- Zij mag,zowel in het buitenland,alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard uitvoeren.
- De vennootschap kan eveneens bij wijze van inbreng,fusie,onderschrijving of op gelijk andere wijze deelnemen aan alle ondernemingen,verenigingen of vennootschappen waarvan het maatschappelijk doel verwant,gelijkaardig of analoog is met het hare of van die aard is om haar maatschappelijk doel te bevorderen.
- Zij kan zich borgstellen voor vennootschappen,aval verlenen,voorschotten of kredieten toestaan,hypothecaire waarborgen of andere waarborgen verlenen.
- Zij mag optreden als zaakvoerder,bestuurder en vereffenaar in andere vennootschappen.
- De vennootschap zal alle handelingen mogen verrichten,die in rechtstreeks of onrechtstreeks verband staan met haar doel,of die van aard zijn de verwezenlijking ervan te bevorderen.
- De vennootschap mag daarenboven belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen of groeperingen,bestaande of op te richten,zowel in België als in het buitenland,die een aanvullend of soortgelijk doel nastreven,of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- Zij kan optreden als bestuurder of vereffenaar in andere vennootschappen.
- Zij kan zich borg stellen voor derden,zaakvoerders en vennoten.
- Zij kan hen eveneens leningen,voorschotten en kredieten toestaan,behoudens de wettelijke beperkingen ter zake.
Articles of association, deed of 09-08-2023 (in Dutch)