ACTIVE

MEDICINAL

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Financial year 2025 · closed on 31/12/2025

Net result

141,4 k €

+3.0% YoY

Gross margin

231,5 k €

-2.6% YoY

Equity

1,7 M €

+9.2% YoY

What does MEDICINAL do?

MEDICINAL is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0548.789.574

Incorporation

20/03/2014

Legal form

Private limited company

Registered office

Seringenlaan 11
2970 Schilde · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	231,5 k €	-2.6%	237,7 k €	-14.5%	278,2 k €	+2.7%	271 k €	-0.5%	272,5 k €	+10.2%	247,2 k €	-4.3%	258,2 k €	+6.8%	241,7 k €	+25.2%	193 k €	+5.9%	182,2 k €	+18.0%	154,5 k €	+32.6%	116,5 k €
EBITDA	231,3 k €	-2.6%	237,5 k €	-14.5%	277,9 k €	+2.6%	270,7 k €	-0.1%	271,1 k €	+9.8%	246,9 k €	-4.1%	257,5 k €	+7.1%	240,4 k €	+24.7%	192,8 k €	+5.9%	182 k €	+18.0%	154,2 k €	+32.8%	116,2 k €
Operating result	227,4 k €	-2.9%	234,3 k €	-14.6%	274,4 k €	+2.7%	267,2 k €	-0.1%	267,6 k €	+10.5%	242,1 k €	-4.2%	252,7 k €	+6.7%	236,9 k €	+23.2%	192,3 k €	+5.9%	181,5 k €	+17.7%	154,2 k €	+32.8%	116,2 k €
Net result	141,4 k €	+3.0%	137,3 k €	-17.5%	166,4 k €	-38.1%	268,9 k €	-16.1%	320,6 k €	+25.7%	255,1 k €	+62.2%	157,3 k €	+9.3%	143,9 k €	+47.5%	97,6 k €	+9.9%	88,8 k €	+25.2%	70,9 k €	+28.2%	55,3 k €
Balance sheet
Equity	1,7 M €	+9.2%	1,5 M €	+9.9%	1,4 M €	+13.6%	1,2 M €	+28.1%	958,2 k €	+9.5%	875,2 k €	+41.1%	620,1 k €	+34.0%	462,8 k €	+45.1%	318,8 k €	+44.1%	221,3 k €	+67.1%	132,4 k €	+115%	61,5 k €
Total assets	2,1 M €	-4.5%	2,2 M €	+3.1%	2,2 M €	-2.9%	2,2 M €	+1.3%	2,2 M €	+3.4%	2,1 M €	+1.2%	2,1 M €	+0.5%	2,1 M €	+0.5%	2,1 M €	-0.9%	2,1 M €	+1.0%	2,1 M €	+3.2%	2 M €
Cash	67,5 k €	-60.2%	169,6 k €	+68.4%	100,8 k €	-38.2%	162,9 k €	+314%	39,4 k €	-21.6%	50,3 k €	+100%	25,1 k €	+32.4%	19 k €	-38.0%	30,6 k €	-36.8%	48,4 k €	+62.8%	29,7 k €	+72.9%	17,2 k €
Debts	446,8 k €	-34.9%	686 k €	-10.9%	769,9 k €	-23.7%	1 M €	-19.3%	1,2 M €	-0.8%	1,3 M €	-14.9%	1,5 M €	-8.7%	1,6 M €	-7.5%	1,8 M €	-6.2%	1,9 M €	-4.1%	1,9 M €	-0.4%	2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Dorine Veys

Director · since 21 mars 2014

Active

Michael Dehaen

Director · since 21 mars 2014

Active

Ended mandates

Dorine Marie Dominique P Veys

Director · since 21 mars 2014

Ended

Dorine Marie Dominique P Veys

Manager · since 21 mars 2014

Ended

Michael Leon Patricia Dehaen

Director · since 21 mars 2014

Ended

Michael Leon Patricia Dehaen

Manager · since 21 mars 2014

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	13/08/2026	20/08/2025	20/08/2024	22/08/2023	18/07/2022	12/08/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	13/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	20/08/2025	Dutch	PDF
Micro model	31/12/2023	30/05/2024	20/08/2024	Dutch	PDF
Micro model	31/12/2022	25/05/2023	22/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	27/05/2021	12/08/2021	Dutch	PDF
Micro model	31/12/2019	28/05/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	08/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	01/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	22/08/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 6 ended

Active mandates

Dorine Veys

Director · since 21 mars 2014

Active

Michael Dehaen

Director · since 21 mars 2014

Active

Ended mandates

Dorine Marie Dominique P Veys

Director · since 21 mars 2014

Ended

Dorine Marie Dominique P Veys

Manager · since 21 mars 2014

Ended

Michael Leon Patricia Dehaen

Director · since 21 mars 2014

Ended

Michael Leon Patricia Dehaen

Manager · since 21 mars 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Other02/04/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025141,4 k €↑
2024
Annual accounts 2024137,3 k €↓
2023
Annual accounts 2023166,4 k €↓
2022
Annual accounts 2022268,9 k €↓
2021
Annual accounts 2021320,6 k €↑
2020
Annual accounts 2020255,1 k €↑
2019
Annual accounts 2019157,3 k €↑
2018
Annual accounts 2018143,9 k €↑
2017
Annual accounts 201797,6 k €↑
2016
Annual accounts 201688,8 k €↑
2015
Annual accounts 201570,9 k €↑
2014
Annual accounts 201455,3 k €
20/03/2014
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

MEDICINAL

Overview

What does MEDICINAL do?

Trend over 12 financial years

Indicative valuation

Board of directors

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