Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MED DISTRIBUTION from Liège, company number BE0544590860, closed financial year 2024 with a result of € 94,888 after tax. For that financial year MED DISTRIBUTION recorded a gross margin of € 297,914 and equity of € 274,244. Compared with financial year 2023, the result moved from € 3,474 to € 94,888. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2025.
€ 274,244
▲ 53% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 94,888
▲ € 91,414 vs 2023
Profit after tax over the fiscal year.
€ 139,907
▲ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 255,644.
People and assets in 2024
€ 120,429
▼ 21% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 78,393
▼ 23% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 107,822
▼ 49% vs 2023
€ 96,322 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1.1 million
▲ 69% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 93,547
▲ 43% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 144,383 | € 215,056 | € 394,057 | € 297,914 | ▼ 24% |
| Profit after taxes | € 14,594 | € 35,699 | € 3,474 | € 94,888 | ▲ € 91,414 |
| Equity | € 140,183 | € 175,882 | € 179,356 | € 274,244 | ▲ 53% |
| Total debts | € 946,970 | € 823,815 | € 1,025,311 | € 1,346,454 | ▲ 31% |
| Cash | € 40,730 | € 27,985 | € 73,277 | € 139,907 | ▲ 91% |
| Retained profit | € 121,583 | € 157,282 | € 160,756 | € 255,644 | ▲ 59% |
| Bank debt | € 296,514 | € 269,419 | € 209,534 | € 107,822 | ▼ 49% |
| Balance sheet total | € 1,087,152 | € 999,697 | € 1,204,666 | € 1,620,698 | ▲ 35% |
| Employees (FTE) | 4 | - | - | - |
Key figures of MED DISTRIBUTION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MED DISTRIBUTION?
What happened at MED DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 94,888 (▲ € 91,414 vs 2023). filed late Source: NBB ↗
- Gurkan Cifci became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,594 profit in 2021 to € 94,888 profit in 2024.
Paid € 109,712 in corporate taxes since 2021.
Best year ever: 2024, with € 94,888 profit.
On average € 36,100 of value added per employee in 2021.
A new publication or filing at MED DISTRIBUTION? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MED DISTRIBUTION is Gurkan Cifci.
Directors
According to the 2024 annual accounts
Gurkan Cifci
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Avenue Joseph-Prévers 29
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →Le Marché Matinal de Liège
€ 1.1 million gross margin · 2025
LE PETIT MARCHE
€ 92,779 gross margin · 2025
A.V.S.
€ -425 gross margin · 2023
K.A.C.M.
€ 234,305 revenue · 2025
MABEL INTERNATIONAL
€ 35,787 gross margin · 2024
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0544.590.860
- VAT number
- BE 0544.590.860
- Registered office
- Avenue Joseph-Prévers 29, 4020 Liège
- Names & denominations
- MED DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2014
- Peppol
- Active · Active since 23 May 2025
- Activities · NACE
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Groothandel in andere voedingsmiddelen, neg