Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MEDAL from Bornem, company number BE0474057707, closed financial year 2025 with a result of € 681,068 after tax. For that financial year MEDAL recorded a gross margin of € 981,037 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 330,202 to € 681,068. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 2.8 million
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 681,068
▲ 106% vs 2024
Profit after tax over the fiscal year.
€ 153,069
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
2.7
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 141,541
▲ 159% vs 2024
€ 52,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 122,210
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
€ 282,893 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 372,091
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 63,053
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 319,032 | € 296,329 | € 609,202 | € 981,037 | ▲ 61% |
| Profit after taxes | € 161,502 | € 758,550 | € 330,202 | € 681,068 | ▲ 106% |
| Equity | € 1,284,072 | € 1,742,622 | € 2,072,824 | € 2,753,892 | ▲ 33% |
| Total debts | € 582,618 | € 1,151,710 | € 1,144,514 | € 2,785,204 | ▲ 143% |
| Cash | € 288,234 | € 427,629 | € 189,955 | € 153,069 | ▼ 19% |
| Land & buildings | - | - | - | € 111,773 | |
| Retained profit | € 34,072 | € 492,622 | € 822,824 | € 1,503,892 | ▲ 83% |
| Dividend | € 0 | € 300,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 1,500,000 | |
| Balance sheet total | € 1,866,690 | € 2,894,332 | € 3,217,338 | € 5,539,096 | ▲ 72% |
| Employees (FTE) | 1 | 1 | 1 | 2.7 | ▲ 1.7 |
Key figures of MEDAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MEDAL?
What happened at MEDAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bram Vandendriessche stepped down as director. NBB
- TTB Holding NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 681,068 (▲ 106% vs 2024). Source: NBB ↗
- Bram Vandendriessche became a director. NBB
- TTB Holding NV became a director. NBB
- New establishment in Bornem. KBO
- Start of the company according to the CBE. KBO
In short
From € 161,502 profit in 2022 to € 681,068 profit in 2025.
Paid € 367,142 in corporate taxes since 2022.
Best year ever: 2023, with € 758,550 profit.
On average € 363,300 of value added per employee in 2025.
Management
The shares are held by TTB HOLDING NV (98%) and Bram Vandendriessche (2%). It owns 100% of MODULAX EUROPE and 100% of MEDALOUNGER CHINA itself.
Directors
According to the 2025 annual accounts
Bram Vandendriessche
Director
since 2024 · until 2031
Managing director · represented by Hans Vandendriessche
since 2023 · until 2029
Shareholders
98%
Bram Vandendriessche
2%
Participations
MODULAX EUROPE
100%
MEDALOUNGER CHINA
100%
Establishments
Establishment units
Physical locations of this company
Puursesteenweg(BOR) 399
2880 Bornem
Puursesteenweg(BOR) 399 box A
2880 Bornem
Active since 26 March 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →RAMANEX
€ 482,095 gross margin · 2025
ZIT - IDEE
€ 711,144 gross margin · 2025
Modulax Bedding NV
€ 558 gross margin · 2025
T.T.B. HOLDING same network
€ 84,837 gross margin · 2025
VDD TRADING & INVEST
€ 270,171 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Domain
Domain
medalounger.com
Registered
2000-12-11
Registrar
Key-Systems GmbH
Expires
2026-12-11
Website info
Features
Security
Network
Details
- Company number
- 0474.057.707
- VAT number
- BE 0474.057.707
- Registered office
- Puursesteenweg(BOR) 399, 2880 Bornem
- Names & denominations
- MEDAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2001
- Peppol
- Active · Active since 7 Aug 2025
- Contact
- medalounger.com
- Activities · NACE
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