ACTIVE

MEDENVISION

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Financial year 2025 · closed on 31/12/2025
Net result
5,6 M €
+40.0% YoY
Revenue
17 M €
+28.8% YoY
Equity
9,9 M €
+19.7% YoY
Workforce
5,1 ETP
+88.9% YoY

What does MEDENVISION do?

MEDENVISION is a Private limited company incorporated in 2012. Its main activity is: Manufacture of medical and dental instruments and supplies. Its registered office is in Westerlo. It employs on average 5,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0842.505.475
Incorporation
09/01/2012
Legal form
Private limited company
Registered office
Boskant 16
2260 Westerlo · FlandreSee on map
Contributed capital
238 600,00 €
Latest accounts
31/12/2025
Average workforce
5,1 ETP
Activities (NACE)
32500Manufacture of medical and dental instruments and supplies· main32500Manufacture of medical and dental instruments and supplies46460Wholesale of pharmaceutical goods46460Wholesale of pharmaceutical goods46150Agents involved in the sale of furniture, household goods, hardware and ironmongery46150Agents involved in the sale of furniture, household goods, hardware and ironmongery+2
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212018201720162015201420132012
Income statement
Revenue17 M €13,2 M €––––––––––
EBITDA6,9 M €4,6 M €3,4 M €2,1 M €1,5 M €329,5 k €64,7 k €-26,6 k €-306,1 k €-125,7 k €-83 k €-2 k €
Operating result6,9 M €4,6 M €3,4 M €2,1 M €1,5 M €231,9 k €-44,5 k €-131,9 k €-340,6 k €-126,2 k €-83,3 k €-2 k €
Net result5,6 M €4 M €2,7 M €1,6 M €1,2 M €205,4 k €-70,8 k €-154,1 k €-358,2 k €-129,9 k €-85 k €-2,5 k €
Balance sheet
Equity9,9 M €8,3 M €4,3 M €2,3 M €1,5 M €-356,5 k €-561,9 k €-491 k €-336,9 k €9,1 k €138,9 k €3,9 k €
Total assets11,3 M €9,8 M €5,9 M €3,6 M €2,6 M €492,8 k €529,5 k €458,1 k €474,6 k €379,3 k €445,6 k €32,6 k €
Cash4,9 M €714,3 k €1,4 M €1 M €871,5 k €43,8 k €39,1 k €44,4 k €39,4 k €48,6 k €323,3 k €17,7 k €
Debts1,4 M €1,5 M €1,6 M €1,3 M €1,1 M €849,3 k €1,1 M €949,2 k €774,4 k €368,1 k €304,7 k €28,4 k €
Other
Workforce5,1 ETP2,7 ETP2,0 ETP1,0 ETP1,0 ETP–––0,7 ETP1,0 ETP0,9 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 · 1 active · 21 ended

Active mandates

Medenvision International

Director · since 16 mars 2020 · 0744.697.011

Represented by GOYENS DRIES

Active

Ended mandates

CRICON

Director · since 16 mars 2020 · until 29 février 2024 · 0844.433.005

Represented by CORTEN ROGER

Ended
CRICON

Director · since 16 mars 2020 · 0844.433.005

Represented by CORTEN ROGER

Ended
Kristoff CORTEN

Director · since 16 mars 2020 · until 29 février 2024

Ended
Kristoff CORTEN

Director · since 16 mars 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
Health Innovation Center Group● Active
0720.812.047
Health Innovation Center Limburg● Active
1012.595.173
InCorDev● Active
0833.651.751
Jacobs Horse Training● Active
0837.956.274
Medenvision International● Active
0744.697.011
MedEnvision Partnership● Active
1007.291.847
NB24● Active
1011.459.679
Vista Minds● Active
1030.723.186
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202602/07/202511/04/202412/07/202328/06/202201/07/2021
General meeting23/06/202624/06/202502/04/202427/06/202314/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202523/06/202630/06/2026DutchPDF
Full model31/12/202424/06/202502/07/2025DutchPDF
Abridged model31/12/202302/04/202411/04/2024DutchPDF
Abridged model31/12/202227/06/202312/07/2023DutchPDF
Abridged model31/12/202114/06/202228/06/2022DutchPDF
Abridged model31/12/202022/06/202101/07/2021DutchPDF
Abridged model31/12/201919/02/202020/02/2020DutchPDF
Micro model31/12/201829/05/201903/06/2019DutchPDF
Micro model31/12/201724/05/201812/06/2018DutchPDF
Micro model31/12/201622/05/201701/06/2017DutchPDF
Abridged model31/12/201528/06/201630/06/2016DutchPDF
Abridged model31/12/201423/06/201501/07/2015DutchPDF
Abridged model31/12/201324/06/201430/06/2014DutchPDF
Abridged model31/12/201223/04/201322/05/2013DutchPDF
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 · 1 active · 21 ended

Active mandates

Medenvision International

Director · since 16 mars 2020 · 0744.697.011

Represented by GOYENS DRIES

Active

Ended mandates

CRICON

Director · since 16 mars 2020 · until 29 février 2024 · 0844.433.005

Represented by CORTEN ROGER

Ended
CRICON

Director · since 16 mars 2020 · 0844.433.005

Represented by CORTEN ROGER

Ended
Kristoff CORTEN

Director · since 16 mars 2020 · until 29 février 2024

Ended
Kristoff CORTEN

Director · since 16 mars 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/06/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/03/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/07/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office12/08/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office28/05/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares20/11/2013
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 20255,6 M €↑
  2. 2024
    Annual accounts 20244 M €↑
  3. 2023
    Annual accounts 20232,7 M €↑
  4. 2022
    Annual accounts 20221,6 M €↑
  5. 2021
    Annual accounts 20211,2 M €↑
  6. 2018
    Annual accounts 2018205,4 k €↑
  7. 2017
    Annual accounts 2017-70,8 k €↑
  8. 2016
    Annual accounts 2016-154,1 k €↑
  9. 2015
    Annual accounts 2015-358,2 k €↓
  10. 2014
    Annual accounts 2014-129,9 k €↓
  11. 2013
    Annual accounts 2013-85 k €↓
  12. 2012
    Annual accounts 2012-2,5 k €
  13. 09/01/2012
    IncorporationPrivate limited company