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M & E

Active Private limited company (pre-2019)founded 1991active for 35 yearsLeemkuilstraat 9, 3630 MaasmechelenKBO/BCE: BE 0443.973.057

Overview

Lifetime

18 annual accounts with figures on one time axis, 33 filings since 1991
peak €27,271 (2023)
€27,271▲ 63.8%
lowest -€19,353 (2016)
€26,733▲ 61.2%
peak €20,466 (2023)
€20,466▲ €26,733
-not published
Board2 names since 1991
1 directorYilmaz Yüksel
Documentsfilings and deeds
21-11-2024113 days late
2023micro format
Gross margin from €16,653 to €27,271Result from €16,589 to €26,733Equity from -€6,267 to €20,466

Key points

from the 2023 annual accounts

Sanctions list

Match

Name on a sanctions list. Check in the source whether it is this company.

Filings

33 annual accounts 464 days past the deadline
AprilJune31 JulyOctober200020102020

2024 accounts not filed: deadline was 31-07-2025.

Position in the sector

100.0%

Higher solvency than 95% of companies in paper. Sector median 50.2% · 57 companies.

2023 figures too old to score

Bankruptcy probability

No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Bankruptcy probability within 12 months
14.8% High
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 113 companies (NACE 17, micro).

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.9%lowest value 01-2025: 2.9%● unchanged vs 12-2024lowest value 02-2025: 2.9%● unchanged vs 01-2025lowest value 03-2025: 2.9%● unchanged vs 02-2025 04-2025: 3.0%▲ +0.1 percentage points vs 03-2025 05-2025: 3.1%▲ +0.1 percentage points vs 04-2025 06-2025: 5.4%▲ +2.3 percentage points vs 05-2025 07-2025: 5.5%▲ +0.1 percentage points vs 06-2025 08-2025: 6.3%▲ +0.8 percentage points vs 07-2025 09-2025: 7.6%▲ +1.3 percentage points vs 08-2025 10-2025: 11.6%▲ +4.0 percentage points vs 09-2025 11-2025: 11.8%▲ +0.2 percentage points vs 10-2025 12-2025: 12.6%▲ +0.8 percentage points vs 11-2025 01-2026: 18.5%▲ +5.9 percentage points vs 12-2025 02-2026: 18.5%● unchanged vs 01-2026 03-2026: 18.5%● unchanged vs 02-2026highest value 04-2026: 11.3%▼ -7.2 percentage points vs 03-2026 05-2026: 11.3%● unchanged vs 04-2026 06-2026: 11.3%● unchanged vs 05-2026 07-2026: 11.3%● unchanged vs 06-2026 08-2026: 14.8%▲ +3.5 percentage points vs 07-2026 09-2026: 14.8%● unchanged vs 08-2026 10-2026: 14.8%● unchanged vs 09-2026 11-2026: 14.8%● unchanged vs 10-2026
Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
raises risk
raises risk · Figures for financial year 2023 (filed on 21-11-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 113 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Liquiditeit niet neergelegd
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline07-11-2026 today
raises risk · 2023 accounts filed 113 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-11-2024, 113 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
113 days late
2022
55 days early
2021
34 days early
2020
24 days early
2019
5 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 1 day after the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled

Name match with a sanctions list

1 entry
MINES AND METALS ENGINEERING GMBHalias M.M.E.
OFAC SDN list (United States) · programme IRAN · exact name match (100%)

A matching name does not mean the company is on the list. Check the entry at the source.

Board and ownership

YY
Director
Board & ownership

Recent changes

Address strikeout annulled KBO administration
Address struck KBO administration
Registered in the Peppol Directory Reachable for e-invoices through 0208:0443973057
Registered office moved from Halle to Maasmechelen New registered office: Leemkuilstraat 9 bus 7, 3630 Maasmechelen · Previous registered office: Salvialaan 51, 2980 Halle (Kempen) · Resignation: Eddy De Swert (director) · General meeting of 27-11-2023 · Gazette deed
All 45 events

Comparable companies

same main activity, similar in size and age
Company
M & E Maasmechelen €20,466 €27,271 100.0% -
AGRI PACKAGING Zottegem €81,036 €20,019 34.0% 1
FinUp Zwalm €64,336 €50,082 -105.5% -
AXIPACK Ghent €10,009 €3,341 -213.5% -
FLORIENT - MULLER Anderlecht €190,037 €22,301 39.6% -
SAVOPAC Orp-Jauche €34,899 -€4,100 -1103.3% -
BOX-ID Beerse €53,142 €1,806 74.2% -

These companies have the same main activity as M & E: manufacture of paper and paper products (NACE 17210). They are comparable in size and age: total assets between €10,000 and €190,000, founded between 1987 and 2007.

Official details

Source: KBO
Status
Active since 25-04-1991Normal situation
Registered office
14 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
Activity
Manufacture of paper and paper productsNACE 17210and 2 others
Establishment unit
2.052.729.0442980 Zoersel, since 07-05-1991
Financial year end
31 December
Peppol
Reachable since 04-11-2024
Company details

Annual accounts 2023

€27,271▲ 63.8%
≈ €110,000estimated
€26,733▲ 61.2%
€20,466
€20,466▼ 20.3%
Filing
Filed on 21-11-2024
Financials

Insights on M & E

M & E files the micro format. That format states no turnover. The gross margin rose from -€4,657 in 2006 to €27,271 in 2023.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2023

micro format, filed on 21-11-2024, 113 days late

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 8 November 2026.

€27,271
▲ 63.8%
€26,778
▲ 65.3%
€26,733
▲ 61.2%
-
100.0%
▲ 124.4 percentage points
-

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €110,000. Estimated: probably between €66,000 and €200,000.

Balance sheet

balance sheet total €20,466 on 31-12-2023
What the company ownsHow it is paid for

in euro

Position in the sector

100.0%

Higher than 95% of 57 companies in 2023.

-

Higher than 17% of 55 companies in 2022.

130.6%

Higher than 95% of 56 companies in 2023.

M & E Middle half of the sector 80% of the sector Micro accounts in paper (NACE 17)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 20,46625,67319,98013,51711,82514,69816,39416,07327,04125,19224,80611,0188,36430,85129,61921,2047,4171,316
21/28 ---------118235--184414690--
22/27 ---------118235--184414690--
23 ---------118235-------
24 -------------184414690--
29/58 20,46625,67319,98013,51711,82514,69816,39416,07327,04125,07524,57011,0188,36430,66729,20520,5147,4171,316
40/41 20,46610,96210,00010,00011,00013,00015,00015,00016,66516,6161,7061,39721910,66810,2632931,295555
40 --------1,6651,6161,7061,364155577168188254-
41 20,46610,96210,00010,00011,00013,00015,00015,00015,00015,000-336410,09110,0951051,041555
54/58 -14,7119,5803,0373451,1787944739,7758,40622,8659,6218,14519,50018,49820,2216,122761
490/1 -040048048052060060060052---500443---
Balance sheet: equity and liabilities
10/49 20,46625,67319,98013,51711,82514,69816,39416,07327,04125,19224,80611,0188,36430,85129,61921,2047,4171,316
10/15 20,466-6,267-22,856-19,850-13,043-11,194-9,213-6,75312,60013,456-6,019-23,065-23,118-14,526-32,590-47,084-56,460-61,275
10/11 24,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,789
100 ----24,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,789
13 3,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,0863,086
130/1 2,4792,4792,4792,479--------------
130 ----2,4792,4792,4792,4792,4792,4792,4792,4792,4792,4792,4792,4792,4792,479
1311 2,4792,4792,4792,479--------------
133 607607607607607607607607607607607607607607607607607607
14 -7,410-34,143-50,732-47,726-40,919-39,070-37,088-34,629-15,276-14,420-33,894-50,940-50,994-42,401-60,465-74,960-84,335-89,150
17/49 -31,94042,83633,36824,86825,89225,60722,82614,44111,73730,82434,08331,48245,37762,20968,28863,87762,591
42/48 -31,94042,83633,36824,86825,89225,60722,82614,44111,73730,42433,78131,48245,37762,19268,28863,87762,591
42 ----------10,00010,000------
43 ---------126----34,92739,72745,72760,727
430/8 ---------126----34,92739,72745,72760,727
44 -024530-5042184372,0952,9362,8141,443766-62-1,863
440/4 -024530-5042184372,0952,9362,8141,443766-62-1,863
45 -0601339----2,7612,7728,2545,500---1,500--
450/3 -0601339----11224----1,500--
454/9 --------2,7502,7508,2505,500------
47/48 -31,94041,99032,99924,86825,38825,38822,3889,5855,9039,35616,83931,47545,31227,26426,99918,149-
492/3 ----------400301--17---
Income statement
9900 27,27116,653-2,915-6,776-1,884-2,023-2,563-19,478-98220,17518,123978-7,97218,31615,03910,2525,509-4,657
60/61 -----------------4,657
630 --------118118118-184230276460--
640/8 493450449448445444442440441440438404402402401399675533
9901 26,77816,204-3,363-7,224-2,329-2,466-3,005-19,918-1,54019,61817,567574-8,55817,68414,3629,3934,834-5,190
75/76B -40040048048052060060060060135952246501-
75 -40040048048052060060060060135952246501-
65/66B 45154263-355535-8520253252942139331182033
65 45154263-355535-8520253252942139331182033
9903 26,73316,589-3,006-6,807-1,849-1,981-2,460-19,353-85619,47617,04951-8,59118,06714,4969,3764,815-5,223
67/77 ---------23-2132---
9904 26,73316,589-3,006-6,807-1,849-1,981-2,460-19,353-85619,47417,04653-8,59218,06414,4949,3764,815-5,223
9905 26,73316,589-3,006-6,807-1,849-1,981-2,460-19,353-85619,47417,04653-8,59218,06414,4949,3764,815-5,223
Appropriation of the result
9906 -7,410-34,143-50,732-47,726-40,919-39,070-37,088-34,629-15,276-14,420-33,894-50,940-50,994-42,401-60,465-74,960-84,335-89,150
14P -34,143-50,732-47,726---------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 21-11-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 micro format 21-11-2024 2024-00603040 PDF
31-12-2022 micro format 06-06-2023 2023-00108692 PDF
31-12-2021 micro format 27-06-2022 2022-20098666 PDF
31-12-2020 micro format 07-07-2021 2021-32500005 PDF
31-12-2019 micro format 05-08-2020 2020-39900379 PDF
31-12-2018 micro format 11-06-2019 2019-17300564 PDF
31-12-2017 micro format 04-07-2018 2018-29300422 PDF
31-12-2016 micro format 25-07-2017 2017-36000530 PDF
31-12-2015 abbreviated format 20-06-2016 2016-20000240 PDF
31-12-2014 abbreviated format 01-06-2015 2015-14000318 PDF
31-12-2013 abbreviated format 04-06-2014 2014-15600371 PDF
31-12-2012 abbreviated format 11-06-2013 2013-16800162 PDF
31-12-2011 abbreviated format 31-05-2012 2012-14100142 PDF
31-12-2010 abbreviated format 05-07-2011 2011-26500366 PDF
31-12-2009 abbreviated format 02-06-2010 2010-14800380 PDF
31-12-2008 abbreviated format 12-05-2009 2009-14600343 PDF
31-12-2007 abbreviated format 20-06-2008 2008-26700388 PDF
31-12-2006 abbreviated format 27-07-2007 2007-49400277 PDF
31-12-2005 abbreviated format 31-08-2006 2006-75603816 PDF
31-12-2004 abbreviated format 31-08-2006 2006-75603803 PDF
31-12-2003 abbreviated format 24-02-2005 2005-06000369 PDF
31-12-2002 abbreviated format 05-06-2003 2003-20002282 PDF
31-12-2001 abbreviated format 03-09-2002 2002-52804737 PDF
31-12-2000 abbreviated format 24-07-2001 2001-42804939 PDF
31-12-1999 abbreviated format 15-03-2000 2000-06804908 PDF
31-12-1998 abbreviated format 07-09-1999 1999-44604753 PDF
31-12-1997 abbreviated format 15-05-1998 1998-09802601 PDF
31-12-1996 abbreviated format 30-07-1997 1997-34702296 PDF
31-12-1995 abbreviated format 11-06-1996 1996-14704156 PDF
31-12-1994 abbreviated format 06-10-1995 1995-53000977 PDF
31-12-1993 abbreviated format 30-08-1994 1994-37603590 PDF
31-12-1992 abbreviated format 29-09-1993 1993-37603403 PDF
31-12-1991 abbreviated format 17-07-1992 1992-23004458 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
---------1,42319,73617,685--8,37417,91414,6389,853--
---------73819,59217,163--8,40818,29414,7709,836--
--------00353-0001,150--
-5,1316,5432,693-833384321-9,3031,369-14,45813,2441,475-11,3551,001-1,72214,0995,361-
--6,267-22,856-19,850-13,043-11,194-9,213-6,75312,60013,338-5,854-22,763-23,118-14,710-32,986-47,774-56,460-61,275
100.0%-24.4%-114.4%-146.8%-110.3%-76.2%-56.2%-42.0%46.6%53.4%-24.3%-209.3%-276.4%-47.1%-110.0%-222.1%-761.2%-
-0.800.470.410.480.570.640.701.872.140.810.330.270.680.470.300.12-
--------1.150.87--------
130.6%--------6.8%144.7%--------
130.6%64.6%-15.0%-50.4%-15.6%-13.5%-15.0%-120.4%-3.2%77.3%68.7%0.5%-102.7%58.6%48.9%44.2%64.9%-
-----------------146 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on M & E

The operating result for 2023 is 65% higher than in 2022 and the highest since 2006. It is the third rise in a row, after the fall in 2020.

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles)
current term since 21-02-2024 term without a fixed end
listed in the 2023 annual accounts, filed on 21-11-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Yilmaz Yüksel
Director (not named in the articles)
Eddy De Swert
Director (not named in the articles)
BoardEarlier
Mandates as a list
  • Yilmaz Yüksel
    • Director (not named in the articles), appointed by deed of 13-03-2024, still in office
  • Eddy De Swert
    • Director (not named in the articles), from 25-04-1991 to 27-11-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€24,789.35
Source
2023 annual accounts

Network & group

No group

M & E has no parent and no holdings in its annual accounts. Yilmaz Yüksel is the only director. M & E shares no director with another company.

Timeline

Timeline

45 events since 1991
2025
Address strikeout annulled
Address struck
2024
Annual accounts 2023 filed PDFmicro format · 113 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0443973057
Registered office moved from Halle to MaasmechelenNew registered office: Leemkuilstraat 9 bus 7, 3630 Maasmechelen · Previous registered office: Salvialaan 51, 2980 Halle (Kempen) · Resignation: Eddy De Swert (director) · General meeting of 27-11-20235 points ▸
  • General meeting, 27-11-2023
  • Director resignation, Eddy De Swert (director (not named in the articles))
  • Director discharge, Eddy De Swert
  • Director appointment, Yilmaz Yüksel (director (not named in the articles))
  • Registered-office move, Leemkuilstraat 9 bus 7, 3630 Maasmechelen

Open the deed in the Belgian Official Gazette

2023
Highest result from 2006 to 2023 net €26,733 ▲61.2% The operating result of €26,778 and the net result of €26,733 are both a record.
Annual accounts 2022 filed PDFmicro format · 55 days before the deadline
2022
Back to profit net €16,589 The net result is €16,589, after 7 loss-making years.
Annual accounts 2021 filed PDFmicro format · 34 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 24 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 5 days late
2019
Annual accounts 2018 filed PDFmicro format · 50 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 27 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 6 days before the deadline
2016
Weakest financial year net -€19,353 The net result drops to -€19,353, the lowest from 2006 to 2023. It recovers the following year.
Annual accounts 2015 filed PDFabbreviated format · 41 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 60 days before the deadline
2014
Liquidity more than doubled current ratio 2.14 The current ratio rises from 0.81 to 2.14. Short-term debt falls from €30,424 to €11,737.
Annual accounts 2013 filed PDFabbreviated format · 57 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 50 days before the deadline
2012
Back to profit net €53 The net result is €53, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 61 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 26 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 59 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 80 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 41 days before the deadline
2007
Back to profit net €4,815 The net result is €4,815, after one loss-making year.
Annual accounts 2006 filed PDFabbreviated format · 4 days before the deadline
2006
Annual accounts 2004 filed PDFabbreviated format
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
First establishment Salvialaan 51, Zoersel
Incorporation published on 17-05-1991

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 25 April 1991, M & E was incorporated.1 In 2024 the registered office moved to Maasmechelen.2 Total assets went from €14,698 in 2018 to €20,466 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-03-2024
  3. 3National Bank, annual accounts 2018 and 2023

Company details

Identity

Enterprise number
0443.973.057
VAT number
BE 0443.973.057
Peppol ID
0208:0443973057
Other Peppol ID
9925:BE0443973057
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
25-04-1991
Financial year
ends on 31 December
Peppol
Reachable since 04-11-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
M & E in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025

Registered office and establishments

1 establishment
Establishment Since Unit number
Leemkuilstraat 9 registered office 3630 Maasmechelen
Salvialaan 51 2980 Zoersel 46319 Wholesale of fruit and vegetables, excluding potatoes 07-05-1991 2.052.729.044
1 former office
  • Salvialaan 51, 2980 Halle (Kempen) until 27-11-2023 · deed of 13-03-2024

Buildings and parcels at the addresses

Ground area
1.2 ha
Buildings
2,237 m²
Volume, LiDAR
908 m³
Tallest building
6.7 m
Buildings to scale, each on its own parcel
2,014 m², 0.1 m 223 m², 6.7 m 2,014 m², 0.1 m 223 m², 6.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
73060B0071/00L0001.2 ha 1 · 2,014 m² 0.1 m
11017A0639/00B000881 m² 1 · 223 m² 6.7 m · 1