TheMedicalSoft
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-05-2026 PDF all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €29,539, larger than the loss of €25,630 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 31-10-2021 | 31-10-2022 | 31-10-2023 | 31-10-2024 | 31-10-2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | €196,610 | €32,165 | - | - | - |
| Financial fixed assets | €2,975 | - | - | - | - |
| Depreciation and write-downs of the year | €17,309 | €15,629 | €22,878 | €22,878 | €22,878 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8,771 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,309 | €15,629 | €22,878 | €22,878 | €22,878 | = |
| Other operating charges640/8 | €736 | €196 | €348 | €384 | €559 | ▲ 45.3% |
| Non-recurring operating charges66A | - | - | - | - | €2,500 | - |
| Gross operating margin9900 | -€45,915 | -€4,752 | -€1,687 | -€2,368 | -€3,603 | ▼ 52.2% |
| Operating profit (loss)9901 | -€72,731 | -€20,577 | -€24,912 | -€25,630 | -€29,539 | ▼ 15.3% |
| Financial income75/76B | €51 | - | - | €2 | - | - |
| Recurring financial income75 | €51 | - | - | €2 | - | - |
| Financial charges65/66B | €164 | €137 | €119 | €289 | €130 | ▼ 55.0% |
| Recurring financial charges65 | €164 | €137 | €119 | €289 | €130 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | -€72,844 | -€20,714 | -€25,031 | -€25,916 | -€29,669 | ▼ 14.5% |
| Profit (loss) for the period9904 | -€72,844 | -€20,714 | -€25,031 | -€25,916 | -€29,669 | ▼ 14.5% |
| Profit (loss) for the period to be appropriated9905 | -€72,844 | -€20,714 | -€25,031 | -€25,916 | -€29,669 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,726 | €209,356 | €184,138 | €158,131 | €129,009 | ▼ 18.4% |
| Fixed assets21/28 | €182,276 | €198,511 | €175,634 | €152,581 | €127,204 | ▼ 16.6% |
| Intangible fixed assets21 | €179,301 | €195,836 | €172,959 | €150,081 | €127,204 | ▼ 15.2% |
| Financial fixed assets28 | €2,975 | €2,675 | €2,675 | €2,500 | - | - |
| Current assets29/58 | €51,450 | €10,844 | €8,505 | €5,550 | €1,805 | ▼ 67.5% |
| Amounts receivable within one year40/41 | €14,960 | €335 | €392 | €485 | €343 | ▼ 29.3% |
| Trade receivables40 | - | - | €13 | €305 | €305 | = |
| Other amounts receivable41 | €14,960 | €335 | €379 | €180 | €38 | ▼ 78.8% |
| Cash at bank and in hand54/58 | €36,491 | €10,510 | €8,113 | €5,064 | €1,462 | ▼ 71.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,726 | €209,356 | €184,138 | €158,131 | €129,009 | ▼ 18.4% |
| Equity10/15 | €229,613 | €208,899 | €183,867 | €157,951 | €128,282 | ▼ 18.8% |
| Contributions10/11 | €302,457 | €302,457 | €302,457 | €302,457 | €302,457 | = |
| Capital10 | €302,457 | €302,457 | €302,457 | - | - | - |
| Issued capital100 | €302,457 | €302,457 | €302,457 | - | - | - |
| Profit (loss) carried forward14 | -€72,844 | -€93,558 | -€118,590 | -€144,506 | -€174,175 | ▼ 20.5% |
| Amounts payable17/49 | €4,113 | €457 | €271 | €180 | €727 | ▲ 304% |
| Amounts payable within one year42/48 | €4,113 | €457 | €271 | €180 | €727 | ▲ 304% |
| Trade debts44 | €3,934 | €277 | €91 | - | €547 | - |
| Suppliers440/4 | €3,934 | €277 | €91 | - | €547 | - |
| Other amounts payable47/48 | €180 | €180 | €180 | €180 | €180 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,844 | -€20,714 | -€25,031 | -€25,916 | -€29,669 | ▼ 14.5% |
| + Depreciation and write-downs630 | €17,309 | €15,629 | €22,878 | €22,878 | €22,878 | = |
| Operating cash flow (approximation) | -€55,535 | -€5,085 | -€2,154 | -€3,039 | -€6,791 | ▼ 123% |
| Investment in fixed assets (approximation) | - | -€31,865 | €0 | €175 | €2,500 | ▲ 14× |
| Change in cash | - | -€25,981 | -€2,397 | -€3,048 | -€3,602 | ▼ 18.2% |
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, 3,591 companies had the same profile as TheMedicalSoft has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TheMedicalSoft itself: 1.9% 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 3,591 companies, not a prediction for TheMedicalSoft. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | micro format | 22-05-2026 | 2026-00118618 | |
| 31-10-2024 | micro format | 30-05-2025 | 2025-00111803 | |
| 31-10-2023 | micro format | 30-04-2024 | 2024-00078054 | |
| 31-10-2022 | micro format | 12-05-2023 | 2023-00085777 | |
| 31-10-2021 | micro format | 31-05-2022 | 2022-20038421 |