TheMedicalSoft
ActiveSummary
The computed 12-month bankruptcy probability of TheMedicalSoft is 1.9% (moderate). The 2025 annual accounts show equity of €128,282 and a net result of -€29,669. Equity has been shrinking by about 14% per year since 2021. The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-11-2019 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.296.007.915 1380 Lasne, since 02-12-2019
- Financial year end
- 31 October
- Peppol
- Reachable since 12-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- -€3,603
- ▼ 52.2%
- Loss
- €29,669
- ▲ 14.5%
- Equity
- €128,282
- ▼ 18.8%
- Total assets
- €129,009
- ▼ 18.4%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.48, cash €1,462, halvedlowers riskSize: total assets €129,009Figures for financial year 2025 (filed on 23-05-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 81% of them on solvency, 44% on liquidity, 4% on profitability and 18% on growth.
The bankruptcy probability was computed on 02-11-2026 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
The company filed its last 5 accounts on average 12 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · 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 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
TheMedicalSoft shares no director with another company.
Companies at the same address
6 other companies- PIM Registered office · since 2025 1020264212
- VISIOTO Registered office · since 2016 0658811033
- INFORMATION TECHNOLOGIES FOR BUSINESS Registered office · since 2007 0887217131
- BARTERNEXT Registered office · since 2005 0875367095
- B NEXT MANAGEMENT Registered office · since 2005 0875294049
- Industrial and Business Computers Registered office · since 1982 0423036004
Connections & network
1 current directorThe network starts from the directors of TheMedicalSoft. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-08
Gazette deed
Registered office moved to LasneNew seat: Chemin de la Fraite 18, 1380 Lasne2 points ▸
- Board meeting, 25-07-2025
- Registered-office move, Chemin de la Fraite 18, 1380 Lasne
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25076G0092/00K002 | Wallonia | 1,606 m² | 1 · 217 m² | 8.4 m · 2 |
| 25051G0151/00L000 | Wallonia | 1,460 m² | 1 · 191 m² | 8.7 m · 2 |