MEDD 26
Open bankruptcyA bankruptcy procedure is open for MEDD 26 according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
The 2024 annual accounts show equity of €225k and a net result of €73k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
56 d late
2022
35 d early
2021
53 d late
2020
265 d late
2019
234 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€73k▲ 98.0%
2023 · €37k
2019: €10k
2020: €21k
2021: €39k
2022: €28k
2023: €37k
2019 → 2024
Working capital
€221k▲ 51.7%
2023 · €146k
2019: €12k
2020: €36k
2021: €82k
2022: €109k
2023: €146k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€88k▲ 80.6%€115k▲ 31.4%€152k▲ 31.9%€225k▲ 47.8%
Operating result€21k-€43k▲ 104%€29k▼ 32.2%€58k▲ 98.1%€88k▲ 50.6%
Net result€21k-€39k▲ 91.4%€28k▼ 29.6%€37k▲ 33.2%€73k▲ 98.0%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 51% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €334k
Fixed assets
€4k ▼ 39.6%
Current assets
€330k ▲ 44.1%
Equity and liabilities €334k
Equity
€225k ▲ 47.8%
Debt
€109k ▲ 30.8%
Debt's share of the balance-sheet total falls from 35.4% to 32.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2023 · €62k
Cash flow
€77k▲
2023 · €41k
Current ratio
3.03▲
2023 · 2.75
Debt to equity
0.48▼
2023 · 0.55
ROE
32.4%▲
2023 · 24.2%
ROA
21.8%▲
2023 · 15.6%
Interest coverage
120.31▲
2023 · 66.02
Debt ≤ 1 year
€109k▲
2023 · €83k
Income taxes
€14k▼
2023 · €20k
Staff costs
€138k▲
2023 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€236k€334k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28-€700
Current assets29/58€229k€330k▲
Amounts receivable within one year40/41€205k€231k▲
Trade receivables40€2k€273▼
Other amounts receivable41€203k€231k▲
Cash at bank and in hand54/58€25k€99k▲
Equity and liabilities
Total equity and liabilities10/49€236k€334k▲
Equity10/15€152k€225k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€134k€207k▲
Amounts payable17/49€83k€109k▲
Amounts payable within one year42/48€83k€109k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€9k€11k▲
Suppliers440/4€9k€11k▲
Taxes, remuneration and social security45€73k€98k▲
Taxes450/3€73k€98k▲
Remuneration and social security454/9€231-
Income statement
Code20232024
Remuneration, social security and pensions62€59k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€89k€50k▼
Gross operating margin9900€211k€280k▲
Operating profit (loss)9901€58k€88k▲
Financial charges65/66B€941€764▼
Recurring financial charges65€941€764▼
Profit (loss) for the period before taxes9903€57k€87k▲
Income taxes67/77€20k€14k▼
Profit (loss) for the period9904€37k€73k▲
Profit (loss) for the period to be appropriated9905€37k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€134k€207k▲
Profit (loss) brought forward from the previous period14P€97k€134k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL MEDD 26 AV. ALBERT DESEN- FANS 6, 1030 Schaerbeek · event 14-09-2026
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2019net €73k ▲98%
Operating result €88k, net result €73k, both a record.
31-12
Financial
Equity above €200kEq €225k ▲47.8%
6 profitable years in a row build equity to €225k.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Equity above €150kEq €152k ▲31.9%
5 profitable years in a row build equity to €152k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €115k ▲31.4%
4 profitable years in a row build equity to €115k.
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 265 days late
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 234 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Schaarbeek
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albert Desenfanslaan 61030 SchaarbeekGround area
125 m²
Building footprint
179 m²
Volume, LiDAR
1,718 m³
Parcel 21902A0323/00X002, Brussels · tallest building 17.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0323/00X002 | Brussels | 125 m² | 1 · 179 m² | 17.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
14-09-2026 → present |
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.