De Meander
ActiveDe Meander has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €132k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency29▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.14 in 2024; short-term debt: 84.1% and cash: 13.8% of total assets), and 95.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
4.3%
Return on assets
6.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4533 sector peers (2025).
NBB · sector comparisonPosition among 4533 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
18 d early
2021
5 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€132k▲ 21.3%
2024 · €109k
2018: €-218k
2019: €43k
2020: €-8k
2021: €101k
2022: €9k
2023: €42k
2024: €109k
2018 → 2025
Working capital
€-1.26M▲ 10.9%
2024 · €-1.42M
2018: €-1.23M
2019: €-1.36M
2020: €-1.40M
2021: €-1.39M
2022: €-1.45M
2023: €-1.47M
2024: €-1.42M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-207k-€-198k▲ 4.6%€-156k▲ 21.2%€-47k▲ 69.7%€85k
Operating result€134k-€37k▼ 72.6%€47k▲ 28.6%€115k▲ 145%€137k▲ 18.9%
Net result€101k-€9k▼ 90.7%€42k▲ 345%€109k▲ 159%€132k▲ 21.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.57M▼ 6.1%
Current assets
€382k▲ 66.1%
Equity and liabilities €1.96M
Equity
€85k
Debt
€1.87M
Debt finances 95.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€185k▲
2024 · €165k
Cash flow
€180k▲
2024 · €159k
Solvency
4.3%▲
2024 · -2.5%
Current ratio
0.23▲
2024 · 0.14
Quick ratio
0.23▲
2024 · 0.14
Debt / equity
22.11▲
2024 · -41.43
ROE
155.7%
ROA
6.7%▲
2024 · 5.7%
Interest coverage
18.66▲
2024 · 13.50
Debt
€1.87M▼
2024 · €1.95M
Debt ≤ 1 year
€1.64M▼
2024 · €1.65M
Debt > 1 year
€223k▼
2024 · €306k
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€1.91M€1.96M▲
Fixed assets21/28€1.68M€1.57M▼
Tangible fixed assets22/27€1.53M€1.43M▼
Land and buildings22€1.53M€1.42M▼
Plant, machinery and equipment23-€3k
Financial fixed assets28€149k€149k=
Current assets29/58€230k€382k▲
Amounts receivable within one year40/41€185k€112k▼
Other amounts receivable41€185k€112k▼
Cash at bank and in hand54/58€45k€270k▲
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.96M▲
Equity10/15€-47k€85k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-115k€16k▲
Amounts payable17/49€1.95M€1.87M▼
Amounts payable after more than one year17€306k€223k▼
Financial debts170/4€306k€223k▼
Amounts payable within one year42/48€1.65M€1.64M▼
Current portion of amounts payable after more than one year42€82k€83k▲
Trade debts44€39k€36k▼
Suppliers440/4€39k€36k▼
Other amounts payable47/48€1.53M€1.53M=
Accrued charges and deferred income492/3€1k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€96k€125k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€48k▼
Other operating charges640/8€9k€18k▲
Gross operating margin9900€174k€203k▲
Operating profit (loss)9901€115k€137k▲
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€109k€132k▲
Profit (loss) for the period9904€109k€132k▲
Profit (loss) for the period to be appropriated9905€109k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-115k€16k▲
Profit (loss) brought forward from the previous period14P€-224k€-115k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (23 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €132k ▲21.3%
Operating result €137k, net result €132k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
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, Merchtem · 1 establishment unit since 1994
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.
Nieuwstraat 141785 MerchtemGround area
249 m²
Building footprint
250 m²
Volume, LiDAR
2,321 m³
Parcel 23602H0326/00C000, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat 14, 1785 Merchtem
since 19942.051.156.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0326/00C000 | Flanders | 249 m² | 1 · 250 m² | 12.1 m · 4 fl. |
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.
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,636 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-09-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.