ACTIVE

MEDICALSET

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Financial year 2026 · closed on 31/03/2026

Net result

-1,1 k €

+85.4% YoY

Gross margin

-217 €

+96.7% YoY

Equity

52,4 k €

-2.1% YoY

What does MEDICALSET do?

MEDICALSET is a Private limited company incorporated in 1985. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.107.133

Incorporation

27/03/1985

Legal form

Private limited company

Registered office

Quai des Ardennes 1
4020 Liège · WallonieSee on map

Contributed capital

20 823,00 €

Latest accounts

31/03/2026

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-217 €	+96.7%	-6,6 k €	-122%	29,9 k €	+1265%	2,2 k €	-90.5%	23,2 k €	+57.0%	14,7 k €	-41.2%	25,1 k €	-43.5%	44,4 k €	+12.1%	39,6 k €	+304%	9,8 k €	+33.8%	7,3 k €	+181%	2,6 k €	-33.1%	3,9 k €	-9.5%	4,3 k €	+71.7%	2,5 k €	-81.2%	13,4 k €	-2.9%	13,8 k €	+19.6%	11,5 k €	+5.9%	10,9 k €	-52.8%	23,1 k €
EBITDA	-837 €	+88.4%	-7,2 k €	-318%	3,3 k €	+80.6%	1,8 k €	-84.2%	11,6 k €	+278%	3,1 k €	+9.3%	2,8 k €	-73.8%	10,7 k €	+238%	-7,8 k €	-384%	2,7 k €	-57.9%	6,5 k €	+189%	2,2 k €	-32.5%	3,3 k €	-11.0%	3,7 k €	+63.4%	2,3 k €	-82.1%	12,8 k €	-0.6%	12,8 k €	+16.6%	11 k €	+6.1%	10,4 k €	-53.9%	22,5 k €
Operating result	-837 €	+88.4%	-7,2 k €	-318%	3,3 k €	+80.6%	1,8 k €	-84.2%	11,6 k €	+278%	3,1 k €	+9.3%	2,8 k €	-73.8%	10,7 k €	+238%	-7,8 k €	-384%	2,7 k €	-57.9%	6,5 k €	+189%	2,2 k €	-32.5%	3,3 k €	-11.0%	3,7 k €	+63.4%	2,3 k €	-82.1%	12,8 k €	-0.6%	12,8 k €	+30.4%	9,8 k €	+6.9%	9,2 k €	-56.8%	21,3 k €
Net result	-1,1 k €	+85.4%	-7,5 k €	-462%	2,1 k €	+85.0%	1,1 k €	-84.9%	7,4 k €	+250%	2,1 k €	-30.3%	3,1 k €	-57.5%	7,2 k €	+190%	-8 k €	-657%	1,4 k €	-65.2%	4,1 k €	+589%	598 €	-59.6%	1,5 k €	-24.0%	2 k €	+112%	921 €	-87.9%	7,6 k €	+8.3%	7 k €	+17.1%	6 k €	+19.9%	5 k €	-55.6%	11,2 k €
Balance sheet
Equity	52,4 k €	-2.1%	53,5 k €	-12.3%	61 k €	+3.5%	59 k €	+1.9%	57,9 k €	+14.8%	50,4 k €	+4.4%	48,3 k €	+6.7%	45,2 k €	+18.9%	38 k €	-17.4%	46 k €	+3.2%	44,6 k €	+10.2%	40,5 k €	+1.5%	39,9 k €	+3.9%	38,4 k €	+5.4%	36,5 k €	+2.6%	35,5 k €	+27.2%	27,9 k €	+33.5%	20,9 k €	+40.1%	14,9 k €	+50.3%	9,9 k €
Total assets	57,3 k €	-3.3%	59,3 k €	-12.3%	67,5 k €	-3.5%	70 k €	-21.9%	89,6 k €	+8.4%	82,6 k €	+3.5%	79,8 k €	+2.0%	78,2 k €	+0.7%	77,6 k €	+21.8%	63,7 k €	+6.6%	59,8 k €	+7.6%	55,5 k €	+13.2%	49,1 k €	+22.5%	40,1 k €	+6.2%	37,7 k €	-7.0%	40,5 k €	+9.4%	37,1 k €	+43.8%	25,8 k €	-12.1%	29,3 k €	+0.9%	29,1 k €
Cash	2,1 k €	-29.2%	3 k €	-85.7%	21,1 k €	+6008%	345 €	-67.7%	1,1 k €	+445%	196 €	-81.4%	1,1 k €	-66.7%	3,2 k €	-47.0%	6 k €	+85114%	7 €	-99.3%	1 k €		–		2,9 k €	-22.0%	3,7 k €	-19.4%	4,5 k €	-53.2%	9,7 k €	+422%	1,9 k €	+45.4%	1,3 k €	-89.7%	12,5 k €	+129%	5,4 k €
Debts	4,9 k €	-15.2%	5,7 k €	+2.0%	5,6 k €	-49.0%	11 k €	-65.3%	31,7 k €	-1.5%	32,2 k €	+2.2%	31,5 k €	-4.5%	33 k €	-16.7%	39,6 k €	+124%	17,7 k €	+16.6%	15,2 k €	+0.7%	15,1 k €	+64.1%	9,2 k €	+454%	1,7 k €	+31.4%	1,3 k €	-74.8%	5 k €	-41.8%	8,6 k €	+77.5%	4,8 k €	-66.3%	14,4 k €	-24.8%	19,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

Thierry MASSET

Director

Active

Ended mandates

THIERRY MASSET

Manager · since 01 avril 2006

Ended

Thierry MASSET

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
COMFORTABLE PROPERTIES● Active	0452.856.376
MADEMED● Active	0692.916.233

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/09/2026	25/09/2025	09/09/2024	01/09/2023	15/09/2022	20/10/2021
General meeting	21/08/2026	15/08/2025	16/08/2024	18/08/2023	19/08/2022	20/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	21/08/2026	10/09/2026	French	PDF
Micro model	31/03/2025	15/08/2025	25/09/2025	French	PDF
Micro model	31/03/2024	16/08/2024	09/09/2024	French	PDF
Micro model	31/03/2023	18/08/2023	01/09/2023	French	PDF
Micro model	31/03/2022	19/08/2022	15/09/2022	French	PDF
Micro model	31/03/2021	20/08/2021	20/10/2021	French	PDF
Micro model	31/03/2020	21/08/2020	02/10/2020	French	PDF
Micro model	31/03/2019	16/08/2019	22/08/2019	French	PDF
Micro model	31/03/2018	17/08/2018	27/09/2018	French	PDF
Micro model	31/03/2017	18/09/2017	28/09/2017	French	PDF
Abridged model	31/03/2016	19/09/2016	29/09/2016	French	PDF
Abridged model	31/03/2015	21/09/2015	30/11/2015	French	PDF
Abridged model	31/03/2014	22/09/2014	08/10/2014	French	PDF
Abridged model	31/03/2013	23/09/2013	15/10/2013	French	PDF
Abridged model	31/03/2012	24/09/2012	05/10/2012	French	PDF
Abridged model	31/03/2011	26/09/2011	23/10/2011	French	PDF
Abridged model	31/03/2010	27/09/2010	16/12/2010	French	PDF
Abridged model	31/03/2009	28/09/2009	21/10/2009	French	PDF
Abridged model	31/03/2008	30/09/2008	21/10/2008	French	PDF
Abridged model	31/03/2007	30/09/2007	15/01/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

Thierry MASSET

Director

Active

Ended mandates

THIERRY MASSET

Manager · since 01 avril 2006

Ended

Thierry MASSET

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office19/07/2011
SIEGE SOCIAL
PDF
Mandates01/12/2006
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2026
Annual accounts 2026-1,1 k €↑
2025
Annual accounts 2025-7,5 k €↓
2024
Annual accounts 20242,1 k €↑
2024
Name changeMEDICALSET
2023
Annual accounts 20231,1 k €↓
2022
Annual accounts 20227,4 k €↑
2022
Name changeMASSET BUREAU COURTAGES
2021
Annual accounts 20212,1 k €↓
2020
Annual accounts 20203,1 k €↓
2019
Annual accounts 20197,2 k €↑
2018
Annual accounts 2018-8 k €↓
2017
Annual accounts 20171,4 k €↓
2016
Annual accounts 20164,1 k €↑
2015
Annual accounts 2015598 €↓
2014
Annual accounts 20141,5 k €↓
2013
Annual accounts 20132 k €↑
2012
Annual accounts 2012921 €↓
2011
Annual accounts 20117,6 k €↑
2010
Annual accounts 20107 k €↑
2009
Annual accounts 20096 k €↑
2008
Annual accounts 20085 k €↓
2007
Annual accounts 200711,2 k €
27/03/1985
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MEDICALSET

Overview

What does MEDICALSET do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline