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 23 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
MedCare Partners from Bornem, company number BE0677862724, closed financial year 2025 with a result of € 775,857 after tax. For that financial year MedCare Partners recorded revenue of € 7.4 million and equity of € 40 million. Compared with financial year 2024, the result moved from € 16.1 million to € 775,857. The company is profitable. 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 August 4, 2026.
€ 40 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 775,857
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 102% 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 € 18.5 million.
People and assets in 2025
26.9
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
€ 80,500 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.
€ 19,198
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.8 million
▼ 15% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1.2 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 103 days on average.
€ 487,991
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 633,709 | € 616,830 | € 1,404,914 | € 7,423,185 | ▲ € 6 million |
| Profit after taxes | € -211,135 | € 4,553,813 | € 16,128,014 | € 775,857 | ▼ 95% |
| Equity | € 26,722,483 | € 31,276,296 | € 39,204,310 | € 39,980,167 | ▲ 2% |
| Total debts | € 18,750,322 | € 20,462,288 | € 48,024,487 | € 41,742,590 | ▼ 13% |
| Cash | € 3,625,110 | € 16,682,086 | € 784,454 | € 1,582,046 | ▲ 102% |
| Retained profit | € -1,896,137 | € 2,657,676 | € 17,752,136 | € 18,527,993 | ▲ 4% |
| Dividend | € 0 | € 0 | € 1,033,554 | € 0 | ▼ 100% |
| Bank debt | € 13,061,780 | € 12,279,280 | € 11,553,903 | € 9,791,900 | ▼ 15% |
| Balance sheet total | € 45,472,805 | € 51,738,584 | € 87,228,796 | € 81,722,757 | ▼ 6% |
| Employees (FTE) | - | - | - | 26.9 |
Key figures of MedCare Partners, 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 MedCare Partners?
What happened at MedCare Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PonnCo BV stepped down as director. NBB
- QuinnCo BV stepped down as director. NBB
- Pieter Johan Alliet stepped down as director. NBB
- Bart Diels stepped down as director. NBB
- Elumia Comm.V stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 775,857 (▼ 95% vs 2024). filed late Source: NBB ↗
- PonnCo BV became a director. NBB
- QuinnCo BV became a director. NBB
In short
From € 211,135 loss in 2022 to € 775,857 profit in 2025.
Paid € 4,100 in corporate taxes since 2022.
Best year ever: 2024, with € 16.1 million profit.
Paid out € 1 million in dividends to the owners in total.
A new publication or filing at MedCare Partners? 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
The stake of DYNAMICA, Gimv, GIMV HEALTH & CARE PARTNERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MedCare PartnersThe shares are held by DYNAMICA (40%), Gimv (33.7%) and GIMV HEALTH & CARE PARTNERS (13.8%). It owns 100% of Keiser Europe, 100% of Arseus Medical Group (AMG BV), 100% of Gerrit van Wageningen and 100% of Arseus Medical Group itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2032
Pieter Johan Alliet
Director
since 2023 · until 2029
Bart Diels
Chairman of the board
since 2023 · until 2029
Bestuurder B · represented by Cédric De Quinnemar
Also active at: MEDICAL PARTNERS, Domoco, PATAT, Newton Force, Green Hill I
since 2025 · until 2032
Director · represented by Sofie Theunissen
since 2024 · until 2028
Shareholders
Participations
Keiser Europe
100%
Arseus Medical Group (AMG BV)
100%
Gerrit van Wageningen
100%
100%
Establishments
Establishment units
Physical locations of this company
Rijksweg(BOR) 10
2880 Bornem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0677.862.724
- VAT number
- BE 0677.862.724
- Registered office
- Rijksweg(BOR) 10, 2880 Bornem
- Names & denominations
- MedCare Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg