Bart Meers
ActiveBart Meers has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €855k and a net result of €207k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+4
Solvency93▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.92 in 2024; short-term debt: 31% and cash: 5.5% of total assets), and 31.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.3%
Return on assets
16.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-09-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
57 d early
2022
38 d early
2021
39 d early
2020
61 d early
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€855k▲ 30.0%
2024 · €658k
2019: €312k
2020: €521k
2021: €657k
2022: €657k
2023: €658k
2024: €658k
2019 → 2025
Total assets
€1.25M▼ 1.3%
2024 · €1.27M
2019: €942k
2020: €1.05M
2021: €1.25M
2022: €1.21M
2023: €1.33M
2024: €1.27M
2019 → 2025
Net result
€207k▲ 24.8%
2024 · €166k
2019: €52k
2020: €215k
2021: €141k
2022: €49k
2023: €53k
2024: €166k
2019 → 2025
Working capital
€401k▼ 1.1%
2024 · €405k
2019: €69k
2020: €234k
2021: €345k
2022: €387k
2023: €406k
2024: €405k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€657k-€657k▲ 0.1%€658k▲ 0.1%€658k=€855k▲ 30.0%
Operating result€182k-€65k▼ 64.3%€62k▼ 5.1%€231k▲ 275%€277k▲ 19.9%
Net result€141k-€49k▼ 65.3%€53k▲ 8.8%€166k▲ 213%€207k▲ 24.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€463k▲ 9.5%
Current assets
€789k▼ 6.7%
Equity and liabilities €1.25M
Equity
€855k▲ 30.0%
Debt
€396k▼ 35.0%
The debt ratio falls from 48.1% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€348k▲
2024 · €307k
Cash flow
€279k▲
2024 · €242k
Solvency
68.3%▲
2024 · 51.9%
Current ratio
2.03▲
2024 · 1.92
Quick ratio
1.21▼
2024 · 1.34
Debt / equity
0.46▼
2024 · 0.93
ROE
24.2%▼
2024 · 25.2%
ROA
16.6%▲
2024 · 13.1%
Interest coverage
28.27▲
2024 · 20.29
Debt
€396k▼
2024 · €610k
Debt ≤ 1 year
€388k▼
2024 · €440k
Income taxes
€76k▲
2024 · €68k
Staff costs
€651k▼
2024 · €759k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.25M▼
Fixed assets21/28€423k€463k▲
Tangible fixed assets22/27€423k€463k▲
Land and buildings22€355k€328k▼
Plant, machinery and equipment23€32k€60k▲
Furniture and vehicles24€36k€75k▲
Financial fixed assets28€250€250=
Current assets29/58€845k€789k▼
Stocks and contracts in progress3€257k€318k▲
Stocks30/36€252k€254k▲
Contracts in progress37€6k€63k▲
Amounts receivable within one year40/41€271k€360k▲
Trade receivables40€251k€317k▲
Other amounts receivable41€20k€43k▲
Cash at bank and in hand54/58€276k€69k▼
Deferred charges and accrued income490/1€41k€42k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.25M▼
Equity10/15€658k€855k▲
Contributions10/11€107k€107k=
Reserves13€551k€748k▲
Distributable reserves133€551k€748k▲
Amounts payable17/49€610k€396k▼
Amounts payable after more than one year17€164k-
Financial debts170/4€164k-
Amounts payable within one year42/48€440k€388k▼
Current portion of amounts payable after more than one year42€36k-
Trade debts44€8k€124k▲
Suppliers440/4€8k€124k▲
Advances received on contracts in progress46€12k€35k▲
Taxes, remuneration and social security45€117k€117k▼
Taxes450/3€61k€66k▲
Remuneration and social security454/9€56k€51k▼
Other amounts payable47/48€267k€111k▼
Accrued charges and deferred income492/3€6k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€759k€651k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€71k▼
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A€454-
Gross operating margin9900€1.08M€1.01M▼
Operating profit (loss)9901€231k€277k▲
Financial income75/76B€19k€19k▲
Recurring financial income75€19k€19k▲
Financial charges65/66B€16k€12k▼
Recurring financial charges65€15k€12k▼
Non-recurring financial charges66B€388-
Profit (loss) for the period before taxes9903€235k€284k▲
Income taxes67/77€68k€76k▲
Profit (loss) for the period9904€166k€207k▲
Profit (loss) for the period to be appropriated9905€166k€207k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€207k▲
Transfer to equity691/2-€197k
To other reserves6921-€197k
Profit to be distributed694/7€166k€10k▼
Return on contributions (dividend)694€156k-
Other beneficiaries697€10k€10k▲
Social balance
Average headcount (FTE)908712.710.5▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €49k ▼65.3%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Highest result since 2019net €215k ▲313%
Operating result €310k, net result €215k, both a record.
31-03
Financial
Equity above €500kEq €521k ▲66.7%
2 profitable years in a row build equity to €521k.
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-09-2025
Bart Meers Holding: Resigned as Director
04-12-2023
Bart Meers Holding: Resigned as Director
04-12-2023
Bart MEERS: Resigned as Director
04-12-2023
Micheline PHILIPS: Resigned as Director
04-12-2023
Rudolf Aertgeerts: Resigned as Director
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kieleberg 173740 Bilzen-HoeseltGround area
2,941 m²
Building footprint
1,327 m²
Volume, LiDAR
6 m³
Parcel 73006A0048/00D000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 establishment unit
Bart Meers
since 20092.183.971.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0048/00D000 | Flanders | 2,941 m² | 1 · 1,327 m² | 0.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,924 EUR awarded · 5,001 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 638 EUR | 3,488 EUR |
| 2024 | 1 | 3,407 EUR | 543 EUR |
| 2023 | 1 | 663 EUR | 754 EUR |
| 2022 | 1 | 216 EUR | 216 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesBart Meers BV36251
Dual-learning approval
4 live approvalsSanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
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INNOTECH
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Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 1,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2009
Fiscal year end31-03
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.