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M.E.S.

Active
Private limited company (pre-2019)founded 200124 yrs activeIeperstraat 80, 8930 Menen, BelgiumKBO/BCE: BE 0476.511.609
Summary

The computed 12-month bankruptcy probability of M.E.S. is 4.4% (elevated). The 2025 annual accounts show negative equity (-€142,421) and a net result of -€50,837. Equity is shrinking by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 33943 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M.E.S.ActiveChecked score 35/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€459,611total assets 2025
Equity
-€142,421
Loss
-€50,837
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2025
Bankruptcy chance 12 m
4.4%
Structure
Accounts filed 103 d late
Why 35- Latest accounts 103 days late; 2 of the last 3 late- Loss of €50,837, the second in a row (FY 2025)- Negative equity -€142,421+ Size: total assets €459,611Show the evidence

Checked score

Score 2025
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 6% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -31.0% of total assets
Liquidity 1+1
short-term debt 131.0% · cash 0.9%
Profitability 5-4
return on assets -11.1%
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 4.4% 12-2024: 4.4%● 0.0% vs 11-2024 01-2025: 4.4%● 0.0% vs 12-2024 02-2025: 4.4%● 0.0% vs 01-2025 03-2025: 4.4%● 0.0% vs 02-2025 04-2025: 4.4%● 0.0% vs 03-2025 05-2025: 4.4%● 0.0% vs 04-2025 06-2025: 4.3%▼ -1.8% vs 05-2025 07-2025: 4.2%▼ -1.8% vs 06-2025 08-2025: 4.0%▼ -5.3% vs 07-2025 09-2025: 3.8%▼ -3.8% vs 08-2025lowest value 10-2025: 3.9%▲ +2.1% vs 09-2025 11-2025: 4.2%▲ +8.5% vs 10-2025 12-2025: 4.1%▼ -2.4% vs 11-2025 01-2026: 4.3%▲ +4.0% vs 12-2025 02-2026: 4.5%▲ +5.0% vs 01-2026 03-2026: 4.8%▲ +5.9% vs 02-2026highest value 04-2026: 4.8%● 0.0% vs 03-2026highest value 05-2026: 4.8%● 0.0% vs 04-2026highest value 06-2026: 4.7%▼ -2.4% vs 05-2026 07-2026: 4.7%● 0.0% vs 06-2026 08-2026: 4.5%▼ -4.5% vs 07-2026 09-2026: 4.3%▼ -3.4% vs 08-2026 10-2026: 4.4%▲ +2.9% vs 09-2026
  • Latest accounts 103 days late; 2 of the last 3 late raises the probability
  • Loss of €50,837, the second in a row (FY 2025) raises the probability
  • Size: total assets €459,611 lowers the probability for this profile
  • Negative equity -€142,421 raises the probability
No credit on open account
Liquidity short (current ratio 0.06 against 0.1 in 2024; short-term debt: 131% and cash: 0.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 2%, profitability 10%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Latest accounts 103 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Loss of €50,837, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €459,611
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€142,421
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€142,421
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-02-2026, 103 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
103 d late
2024
7 d early
2023
146 d late
2022
462 d late
2021
31 d early
2020
26 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 11 February (4 of the last 5 filed years within 134 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close06-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€50,837
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€142,421 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€50,837 View
  • Caution: Among the weakest 5% on solvencysector median 47.1% · 33,943 companies -31.0% View
  • Caution: Equity fell in 2025from -€91,584 to -€142,421 ▼ 55.5% View
  • Caution: Latest accounts filed lateafter the legal deadline 103 d View

By topic

Financials

Fiscal year
2025
Total assets
€459,611
Loss
-€50,837
Solvency
-31.0%
Turnover▼ 4.2%
Net result
20192021
Go to Financials

Timeline

Events
11
Since
2016
Next accounts
by 31-10-2026
  1. 11-02-2026Annual accounts filed
  2. 31-03-2025Weakest financial year
  3. 24-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
28-12-2001
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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