DANNY MEULEMANS
ActiveDANNY MEULEMANS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.22M and a net result of €264k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 7.4 against 7.14 in 2024; short-term debt: 9.1% and cash: 28.6% of total assets), and 9.6% 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
90.4%
Return on assets
7.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
1 d late
2022
3 d early
2021
1 d early
2020
23 d early
2019
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.22M▲ 8.9%
2024 · €2.95M
2018: €1.45M
2019: €1.51M
2020: €1.58M
2021: €2.34M
2022: €2.60M
2023: €2.75M
2024: €2.95M
2018 → 2025
Total assets
€3.56M▲ 9.4%
2024 · €3.25M
2018: €1.56M
2019: €1.65M
2020: €1.79M
2021: €2.69M
2022: €2.75M
2023: €2.99M
2024: €3.25M
2018 → 2025
Net result
€264k▲ 29.5%
2024 · €204k
2018: €57k
2019: €54k
2020: €72k
2021: €764k
2022: €258k
2023: €148k
2024: €204k
2018 → 2025
Working capital
€2.08M▲ 11.9%
2024 · €1.86M
2018: €1.15M
2019: €1.23M
2020: €1.42M
2021: €2.17M
2022: €2.45M
2023: €1.67M
2024: €1.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.34M-€2.60M▲ 11.0%€2.75M▲ 5.7%€2.95M▲ 7.4%€3.22M▲ 8.9%
Operating result€1.11M-€337k▼ 69.8%€212k▼ 36.9%€291k▲ 37.0%€318k▲ 9.2%
Net result€764k-€258k▼ 66.3%€148k▼ 42.5%€204k▲ 37.7%€264k▲ 29.5%
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 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.56M
Fixed assets
€1.16M▲ 5.6%
Current assets
€2.40M▲ 11.3%
Equity and liabilities €3.56M
Equity
€3.22M▲ 8.9%
Debt
€343k▲ 13.3%
The debt ratio rises from 9.3% to 9.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€343k▲
2024 · €317k
Cash flow
€290k▲
2024 · €229k
Solvency
90.4%▼
2024 · 90.7%
Current ratio
7.40▲
2024 · 7.14
Quick ratio
7.40▲
2024 · 7.14
Debt / equity
0.11▲
2024 · 0.10
ROE
8.2%▲
2024 · 6.9%
ROA
7.4%▲
2024 · 6.3%
Interest coverage
18.40▼
2024 · 752.60
Debt
€343k▲
2024 · €302k
Debt ≤ 1 year
€325k▲
2024 · €302k
Income taxes
€102k▲
2024 · €91k
Staff costs
€389k▲
2024 · €349k
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€3.25M€3.56M▲
Fixed assets21/28€1.10M€1.16M▲
Intangible fixed assets21€1k€0▼
Tangible fixed assets22/27€1.09M€1.16M▲
Land and buildings22€1.03M€1.10M▲
Plant, machinery and equipment23€8k€19k▲
Furniture and vehicles24€55k€39k▼
Current assets29/58€2.16M€2.40M▲
Amounts receivable within one year40/41€142k€538k▲
Trade receivables40€129k€155k▲
Other amounts receivable41€13k€383k▲
Current investments50/53€399k€846k▲
Cash at bank and in hand54/58€1.62M€1.02M▼
Deferred charges and accrued income490/1-€537
Equity and liabilities
Total equity and liabilities10/49€3.25M€3.56M▲
Equity10/15€2.95M€3.22M▲
Contributions10/11€739k€739k=
Reserves13€1.80M€2.48M▲
Non-distributable reserves130/1€74k€74k=
Reserves not available under the articles1311€74k-
Other1319-€74k
Distributable reserves133€1.72M€2.40M▲
Profit (loss) carried forward14€417k€0▼
Amounts payable17/49€302k€343k▲
Amounts payable within one year42/48€302k€325k▲
Trade debts44€51k€9k▼
Suppliers440/4€51k€9k▼
Taxes, remuneration and social security45€27k€97k▲
Taxes450/3€20k€85k▲
Remuneration and social security454/9€7k€12k▲
Other amounts payable47/48€225k€218k▼
Accrued charges and deferred income492/3-€18k
Income statement
Code20242025
Remuneration, social security and pensions62€349k€389k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8€15k€17k▲
Gross operating margin9900€681k€749k▲
Operating profit (loss)9901€291k€318k▲
Financial income75/76B€4k€67k▲
Recurring financial income75€4k€67k▲
Financial charges65/66B€421€19k▲
Recurring financial charges65€421€19k▲
Profit (loss) for the period before taxes9903€295k€366k▲
Income taxes67/77€91k€102k▲
Profit (loss) for the period9904€204k€264k▲
Profit (loss) for the period to be appropriated9905€204k€264k▲
Appropriation of the result
Profit (loss) to be appropriated9906€621k€681k▲
Profit (loss) brought forward from the previous period14P€417k€417k=
Transfer to equity691/2€204k€681k▲
To other reserves6921€204k€681k▲
Social balance
Average headcount (FTE)90876.36.0▼
The notes to these accounts (9 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
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
01-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity doublescurrent ratio 17.25
Current ratio from 7.27 to 17.25; short-term debt falls from €346k to €151k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €764k ▲964%
Operating result €1.11M, net result €764k, both a record.
30-09
Financial
Equity above €2MEq €2.34M ▲48.5%
4 profitable years in a row build equity to €2.34M.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €54k ▼4.9%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-03
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
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2025
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.
Pannenstraat 212a8301 Knokke-HeistGround area
1,329 m²
Building footprint
787 m²
Volume, LiDAR
4,187 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pannenstraat 212, 8301 Knokke-Heist
since 20252.373.788.750
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31336G0585/00E000 | Flanders | 1,026 m² | 1 · 666 m² | 6.3 m · 2 fl. |
| 31336G0584/00E000 | Flanders | 303 m² | 1 · 121 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 3 entries · 2,544 EUR awarded · 918 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,564 EUR | 0 EUR |
| 2023 | 1 | 434 EUR | 372 EUR |
| 2022 | 1 | 546 EUR | 546 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 1,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-1999
Fiscal year end30-09
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.