ACTIVE

MEDICIM (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

-5,3 M €

-454.0% YoY

Revenue

18,6 M €

-4.7% YoY

Equity

-3,8 M €

-378.9% YoY

Workforce

107,2 ETP

-4.3% YoY

What does MEDICIM do?

MEDICIM is a Public limited company incorporated in 2002. Its main activity is: Computer programming activities. Its registered office is in Mechelen. It employs on average 107,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.823.474

Incorporation

21/11/2002

Legal form

Public limited company

Registered office

Stationsstraat 102-108
2800 Mechelen · FlandreSee on map

Contributed capital

1 029 579,40 €

Latest accounts

31/12/2025

Average workforce

107,2 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (1)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2007		2006
Income statement
Revenue	18,6 M €	-4.7%	19,6 M €	+14.3%	17,1 M €	+7.6%	15,9 M €	+64.4%	9,7 M €	+46.5%	6,6 M €	-15.9%	7,8 M €	-41.3%	13,4 M €	+1.4%	13,2 M €	+45.2%	9,1 M €	+57.8%	5,7 M €	+19.6%	4,8 M €	+16.3%	4,1 M €	+41.7%	2,9 M €	+22.8%	2,4 M €	+3.3%	2,3 M €		–		–
EBITDA	8,7 M €	-0.1%	8,7 M €	+25.5%	6,9 M €	+4.7%	6,6 M €	-8.5%	7,2 M €	+1038%	634 k €	-43.1%	1,1 M €	-13.0%	1,3 M €	+3.9%	1,2 M €	+42.1%	867,5 k €	+58.0%	548,9 k €	+10.3%	497,9 k €	-2.6%	511,2 k €	+59.0%	321,5 k €	+21.3%	265,1 k €	-20.4%	333 k €	-31.9%	488,7 k €	-50.3%	983,9 k €
Operating result	2 M €	+46.4%	1,4 M €	+844%	-185,2 k €	-168%	270,6 k €	-91.9%	3,3 M €	+330%	-1,4 M €	-287%	773,6 k €	-16.1%	921,7 k €	+0.9%	913,9 k €	+40.6%	650,1 k €	+83.1%	355 k €	+25.0%	284 k €	-11.6%	321,5 k €	+94.4%	165,3 k €	-21.0%	209,3 k €	-22.1%	268,6 k €	-33.6%	404,3 k €	-56.5%	928,7 k €
Net result	-5,3 M €	-454%	-947,8 k €	+60.5%	-2,4 M €	-134%	-1 M €	-136%	2,9 M €	+299%	-1,4 M €	-369%	538,5 k €	+0.5%	536 k €	+15.0%	466,1 k €	+2.3%	455,8 k €	+123%	204,2 k €	+9.5%	186,6 k €	-16.7%	223,9 k €	+118%	102,9 k €	-28.7%	144,3 k €	-18.6%	177,4 k €	-40.4%	297,7 k €	-53.0%	632,8 k €
Balance sheet
Equity	-3,8 M €	-379%	1,4 M €	-40.8%	2,3 M €	-50.8%	4,7 M €	-17.8%	5,8 M €	+100.0%	2,9 M €	-33.5%	4,3 M €	+14.2%	3,8 M €	+16.5%	3,2 M €	+16.8%	2,8 M €	+19.6%	2,3 M €	+9.6%	2,1 M €	+9.6%	1,9 M €	+13.1%	1,7 M €	+6.4%	1,6 M €	+9.9%	1,5 M €	+21.7%	1,2 M €	+34.4%	894,3 k €
Total assets	27,8 M €	-9.1%	30,6 M €	-7.5%	33,1 M €	-1.6%	33,6 M €	+6.9%	31,5 M €	+164%	11,9 M €	+31.2%	9,1 M €	+42.8%	6,4 M €	+12.0%	5,7 M €	+27.3%	4,5 M €	+26.6%	3,5 M €	+14.2%	3,1 M €	+10.2%	2,8 M €	+10.2%	2,5 M €	+20.6%	2,1 M €	+16.4%	1,8 M €	+4.7%	1,7 M €	+40.0%	1,2 M €
Cash	78,1 €	0.0%	78,1 €	+713%	9,6 €	-49.0%	18,8 €		–		–		1,6 M €	-49.3%	3,1 M €	+8.2%	2,8 M €	+20.8%	2,3 M €	+3.4%	2,3 M €	+29.3%	1,7 M €	+283%	456,7 k €	+20.0%	380,5 k €	+68.3%	226,1 k €	-73.1%	840,9 k €	-32.3%	1,2 M €	+127%	547 k €
Debts	31,2 M €	+8.5%	28,8 M €	-4.7%	30,2 M €	+9.1%	27,7 M €	+10.2%	25,1 M €	+200%	8,4 M €	+92.3%	4,4 M €	+94.8%	2,2 M €	+9.6%	2 M €	+54.6%	1,3 M €	+31.2%	1 M €	+28.7%	780,7 k €	+21.4%	643,2 k €	+3.4%	621,9 k €	+96.3%	316,8 k €	+14.8%	276 k €	+73.3%	159,2 k €	-53.6%	342,9 k €
Other
Workforce	107,2 ETP	-4.3%	112,0 ETP	-12.8%	128,5 ETP	-4.8%	135,0 ETP	+9.0%	123,8 ETP	+2.7%	120,5 ETP	-1.6%	122,5 ETP	-1.7%	124,6 ETP	+11.2%	112,0 ETP	+53.0%	73,2 ETP	+37.1%	53,4 ETP	+27.8%	41,8 ETP	+28.2%	32,6 ETP	+34.7%	24,2 ETP	+22.8%	19,7 ETP	+23.1%	16,0 ETP	+135%	6,8 ETP	+58.1%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Adrian Schell

bestuurder · since 01 janvier 2023 · until 09 mai 2028

Active

Wesley Menten

bestuurder · since 01 janvier 2023 · until 09 mai 2028

Active

Filip Schutyser

bestuurder · since 01 décembre 2017 · until 09 mai 2028

Active

Ended mandates

Pascal Kunz

bestuurder · since 15 mai 2018 · until 01 janvier 2023

Ended

Pascal Kunz

Director · since 15 mai 2018 · until 15 mai 2024

Ended

Filip Schutyser

Director · since 01 décembre 2017 · until 01 janvier 2023

Ended

Filip Schutyser

Director · since 01 décembre 2017 · until 01 décembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
BRUNEL BELGIUM● Active	0438.361.509
Grand Opticiens Belgium● Active	0424.735.977
NOBEL BIOCARE BELGIUM● Active	0864.916.237

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	22/07/2025	25/07/2024	14/07/2023	12/07/2022	14/06/2021
General meeting	30/06/2026	27/06/2025	17/06/2024	30/06/2023	30/06/2022	11/06/2021
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
Full model	31/12/2025	30/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	25/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	14/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	14/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	21/05/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	13/05/2015	Dutch	PDF
Full model	31/12/2013	21/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	24/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

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 31/12/2025 · 3 active · 27 ended

Active mandates

Adrian Schell

bestuurder · since 01 janvier 2023 · until 09 mai 2028

Active

Wesley Menten

bestuurder · since 01 janvier 2023 · until 09 mai 2028

Active

Filip Schutyser

bestuurder · since 01 décembre 2017 · until 09 mai 2028

Active

Ended mandates

Pascal Kunz

bestuurder · since 15 mai 2018 · until 01 janvier 2023

Ended

Pascal Kunz

Director · since 15 mai 2018 · until 15 mai 2024

Ended

Filip Schutyser

Director · since 01 décembre 2017 · until 01 janvier 2023

Ended

Filip Schutyser

Director · since 01 décembre 2017 · until 01 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares18/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates12/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2016
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025-5,3 M €↓
2024
Annual accounts 2024-947,8 k €↑
2023
Annual accounts 2023-2,4 M €↓
2022
Annual accounts 2022-1 M €↓
2021
Annual accounts 20212,9 M €↑
2020
Annual accounts 2020-1,4 M €↓
2019
Annual accounts 2019538,5 k €↑
2018
Annual accounts 2018536 k €↑
2017
Annual accounts 2017466,1 k €↑
2016
Annual accounts 2016455,8 k €↑
2015
Annual accounts 2015204,2 k €↑
2014
Annual accounts 2014186,6 k €↓
2013
Annual accounts 2013223,9 k €↑
2012
Annual accounts 2012102,9 k €↓
2011
Annual accounts 2011144,3 k €↓
2010
Annual accounts 2010177,4 k €↓
2007
Annual accounts 2007297,7 k €↓
2006
Annual accounts 2006632,8 k €
21/11/2002
IncorporationPublic 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

MEDICIM (SA)

Overview

What does MEDICIM do?

Trend over 18 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