4MEC
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 03-06-2026 PDF all 9 filings
Turnover
≈ €120,000
Estimated: probably between €88,000 and €190,000
EBIT margin
Not included in this filing
Net result
€136,566▲ 17.9%
2024 · €115,864
Working capital
€101,218▲ 129%
2024 · €44,265
In the rankings
#3 company by total assets in Voeren, Professional and technical services sector#3 company by equity in Voeren, Professional and technical services sector#10 oldest company in Voeren, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€42,688
▲ 7.4%
2025
20182025
Net result
€136,566
▲ 17.9%
2025
middle half of the sector
20182025
Equity
€651,786
▲ 26.5%
2025
middle half of the sector
20182025
Total assets
€1.2m
▲ 14.3%
2025
middle half of the sector
20182025
Debt
€546,613
▲ 2.6%
2025
20182025
Working capital
€101,218
▲ 129%
2025
middle half of the sector
20182025
Solvency
54.4%
▲ 5.2pp
2025
middle half of the sector
20182025
Current ratio
1.93
▲ 0.35
2025
middle half of the sector
20182025
Return on assets (ROA)
11.4%
▲ 0.3pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.01m▼ 63.6%€0.01m▲ 4.7%€0.03m▲ 141%€0.04m▲ 43.5%€0.07m▲ 74.8%€0.04m▼ 41.3%€0.04m▲ 7.4%
Net result€0.05m-€0.04m▼ 21.7%€0.04mwithin the sector's middle half▲ 3.4%€0.06mwithin the sector's middle half▲ 37.9%€0.06mwithin the sector's middle half▲ 5.9%€0.1mwithin the sector's middle half▲ 61.3%€0.1mwithin the sector's middle half▲ 11.5%€0.1mwithin the sector's middle half▲ 17.9%
Equity€0.08m-€0.1m▲ 56.3%€0.2mwithin the sector's middle half▲ 37.3%€0.2mwithin the sector's middle half▲ 42.7%€0.3mwithin the sector's middle half▲ 27.8%€0.4mwithin the sector's middle half▲ 35.1%€0.5mwithin the sector's middle half▲ 28.7%€0.7mwithin the sector's middle half▲ 26.5%
Total assets€0.6m-€0.6m▼ 2.5%€0.6mwithin the sector's middle half▼ 3.6%€0.6mwithin the sector's middle half▲ 3.7%€0.6mwithin the sector's middle half▲ 3.7%€1.1mwithin the sector's middle half▲ 78.0%€1.0mwithin the sector's middle half▼ 3.4%€1.2mwithin the sector's middle half▲ 14.3%
Debt€0.5m-€0.5m▼ 11.0%€0.4m▼ 13.9%€0.4m▼ 11.9%€0.3m▼ 12.1%€0.7m▲ 119%€0.5m▼ 22.2%€0.5m▲ 2.6%
Working capital-€0.02m--€0.02m▼ 1.0%-€0.02mwithin the sector's middle half▲ 4.4%-€380within the sector's middle half▲ 97.7%€0.03mwithin the sector's middle half€0.006mwithin the sector's middle half▼ 77.7%€0.04mwithin the sector's middle half▲ 592%€0.1mwithin the sector's middle half▲ 129%
Solvency12.5%-20.1%▲ 7.6pp28.7%within the sector's middle half▲ 8.5pp39.4%within the sector's middle half▲ 10.8pp48.6%within the sector's middle half▲ 9.2pp36.9%within the sector's middle half▼ 11.7pp49.2%within the sector's middle half▲ 12.3pp54.4%within the sector's middle half▲ 5.2pp
Current ratio0.79-0.78▼ 0.020.74within the sector's middle half▼ 0.030.99within the sector's middle half▲ 0.251.41within the sector's middle half▲ 0.411.05within the sector's middle half▼ 0.361.57within the sector's middle half▲ 0.531.93within the sector's middle half▲ 0.35
Return on assets (ROA)9.0%-7.2%▼ 1.8pp7.8%within the sector's middle half▲ 0.5pp10.3%within the sector's middle half▲ 2.6pp10.6%within the sector's middle half▲ 0.2pp9.6%within the sector's middle half▼ 1.0pp11.1%within the sector's middle half▲ 1.5pp11.4%above the sector's middle half▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€988,129 ▲ 6.6%
Current assets
€210,269 ▲ 73.4%
Equity and liabilities €1.2m
Equity
€651,786 ▲ 26.5%
Debt
€546,613 ▲ 2.6%
Debt's share of the balance-sheet total falls from 50.8% to 45.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,826▲
2024 · €56,437
Cash flow
€154,704▲
2024 · €132,569
Debt to equity
0.84▼
2024 · 1.03
ROE
21.0%▼
2024 · 22.5%
Interest coverage
3.18▲
2024 · 2.56
Debt ≤ 1 year
€109,051▲
2024 · €77,004
Debt > 1 year
€437,561▼
2024 · €455,852
Income taxes
€7,021▲
2024 · €6,826
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | €500,000 | €500,000 | €864,935 | €864,935 | €864,935 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,092 | - | €69,903 | €1,767 | €84,669 |
| Financial fixed assets | - | - | €364,935 | - | - |
| Depreciation and write-downs of the year | €9,419 | €12,009 | €3,538 | €16,706 | €18,138 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,391 | €9,391 | €9,391 | €9,419 | €12,009 | €3,538 | €16,706 | €18,138 | ▲ 8.6% |
| Other operating charges640/8 | - | - | - | €348 | €410 | €1,185 | €449 | €1,060 | ▲ 136% |
| Gross operating margin9900 | €38,764 | €20,421 | €20,926 | €36,755 | €51,134 | €72,379 | €56,886 | €61,887 | ▲ 8.8% |
| Operating profit (loss)9901 | €29,373 | €10,683 | €11,188 | €26,989 | €38,715 | €67,656 | €39,731 | €42,688 | ▲ 7.4% |
| Financial income75/76B | - | - | - | €50,000 | €50,000 | €70,000 | €105,000 | €120,000 | ▲ 14.3% |
| Recurring financial income75 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €70,000 | €105,000 | €120,000 | ▲ 14.3% |
| Financial charges65/66B | - | - | - | €7,910 | €7,101 | €8,987 | €22,041 | €19,102 | ▼ 13.3% |
| Recurring financial charges65 | €9,923 | €9,576 | €8,934 | €7,910 | €7,101 | €8,987 | €22,041 | €19,102 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €69,450 | €51,106 | €52,255 | €69,079 | €81,615 | €128,669 | €122,690 | €143,587 | ▲ 17.0% |
| Income taxes67/77 | €15,020 | €8,465 | €8,144 | €8,245 | €17,185 | €24,771 | €6,826 | €7,021 | ▲ 2.9% |
| Profit (loss) for the period9904 | €54,430 | €42,642 | €44,111 | €60,834 | €64,430 | €103,898 | €115,864 | €136,566 | ▲ 17.9% |
| Profit (loss) for the period to be appropriated9905 | €54,430 | €42,642 | €44,111 | €60,834 | €64,430 | €103,898 | €115,864 | €136,566 | ▲ 17.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.1m | €1.0m | €1.2m | ▲ 14.3% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.9m | €0.9m | €1.0m | ▲ 6.6% |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | €0.08m | €0.06m | €0.1m | ▲ 99.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.08m | €0.06m | €0.1m | ▲ 99.1% |
| Financial fixed assets28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.07m | €0.06m | €0.05m | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 73.4% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.003m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 15.5% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 48.4% |
| Other amounts receivable41 | - | - | - | €14 | €0.003m | €0.001m | €0.01m | €0.006m | ▼ 41.0% |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.04m | €0.05m | €0.07m | €0.1m | €0.09m | €0.2m | ▲ 97.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.004m | €0.002m | €0.005m | €0.004m | ▼ 32.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.1m | €1.0m | €1.2m | ▲ 14.3% |
| Equity10/15 | €0.08m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.7m | ▲ 26.5% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.06m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.6m | ▲ 27.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.3m | €0.5m | €0.6m | ▲ 27.5% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.06m | €0.06m | €0.06m | - | - | - |
| Amounts payable17/49 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.7m | €0.5m | €0.5m | ▲ 2.6% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.5m | €0.5m | €0.4m | ▼ 4.0% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.5m | €0.5m | €0.4m | ▼ 4.0% |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.06m | €0.07m | €0.07m | €0.1m | €0.08m | €0.1m | ▲ 41.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.1m | €0.06m | €0.07m | ▲ 23.3% |
| Financial debts43 | - | - | - | - | €0.004m | €0.01m | €0.004m | €0.004m | ▲ 7.9% |
| Credit institutions430/8 | - | - | - | - | - | €0.01m | €0.004m | €0.004m | ▲ 7.9% |
| Other loans439 | - | - | - | - | €0.004m | - | - | - | - |
| Trade debts44 | €0.003m | €0.01m | €0.007m | €0.005m | €0.004m | €0.006m | €0.005m | €0.008m | ▲ 52.8% |
| Suppliers440/4 | - | - | - | €0.005m | €0.004m | €0.006m | €0.005m | €0.008m | ▲ 52.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.01m | €0.01m | €0.005m | €0.02m | ▲ 247% |
| Taxes450/3 | - | - | - | €0.004m | €0.01m | €0.01m | €0.005m | €0.02m | ▲ 247% |
| Remuneration and social security454/9 | - | - | - | €0.001m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.004m | €0.005m | €0.004m | €0.007m | ▲ 63.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,430 | €42,642 | €44,111 | €60,834 | €64,430 | €103,898 | €115,864 | €136,566 | ▲ 17.9% |
| + Depreciation and write-downs630 | €9,391 | €9,391 | €9,391 | €9,419 | €12,009 | €3,538 | €16,706 | €18,138 | ▲ 8.6% |
| Operating cash flow (approximation) | €63,821 | €52,032 | €53,501 | €70,254 | €76,440 | €107,435 | €132,569 | €154,704 | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€13,092 | €0 | -€434,838 | -€1,767 | -€79,461 | ▼ 4,398% |
| Change in cash | - | -€6,740 | €2,732 | €3,126 | €25,332 | €52,035 | -€34,312 | €86,401 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00138159 | |
| 31-12-2024 | full format | 03-06-2025 | 2025-00120937 | |
| 31-12-2023 | full format | 11-06-2024 | 2024-00124962 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00195141 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20149071 | |
| 31-12-2020 | full format | 09-07-2021 | 2021-34900057 | |
| 31-12-2019 | full format | 26-06-2020 | 2020-21800235 | |
| 31-12-2018 | full format | 22-07-2019 | 2019-36800059 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27000234 |