ME Technics
ActiveSummary
ME Technics has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119k and a net result of €-110k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 9% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▼-41
Solvency31▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.12 in 2023; short-term debt: 79% and cash: 5.7% of total assets), and 93.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.2%
Return on assets
-5.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
41 d early
2022
136 d early
2021
10 d late
2020
110 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€119k▼ 48.0%
2023 · €229k
Total assets
€1.92M▼ 26.8%
2023 · €2.62M
Net result
€-110k
2023 · €95k
Working capital
€207k▼ 15.7%
2023 · €246k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€132k▲ 135%€-55k€64k€118k▲ 84.2%€-55k
Net result€97k▲ 526%€-82k€44k€95k▲ 116%€-110k
Equity€171k▲ 131%€89k▼ 47.9%€133k▲ 49.5%€229k▲ 71.5%€119k▼ 48.0%
Total assets€2.19M▼ 9.0%€2.27M▲ 3.5%€2.05M▼ 9.6%€2.62M▲ 27.7%€1.92M▼ 26.8%
Debt€2.02M▼ 13.5%€2.18M▲ 7.8%€1.92M▼ 12.0%€2.39M▲ 24.7%€1.80M▼ 24.8%
Working capital€343k▲ 126%€114k▼ 66.9%€97k▼ 14.5%€246k▲ 153%€207k▼ 15.7%
Staff (FTE)27.7▲ 1.1%28.7▲ 3.6%27▼ 5.9%20▼ 25.9%19.2▼ 4.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €118k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.92M
Fixed assets
€196k ▼ 30.3%
Current assets
€1.72M ▼ 26.4%
Equity and liabilities €1.92M
Equity
€119k ▼ 48.0%
Debt
€1.80M ▼ 24.8%
Debt's share of the balance-sheet total rises from 91.3% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▼
2023 · €223k
Cash flow
€6k▼
2023 · €200k
Current ratio
1.14▲
2023 · 1.12
Quick ratio
0.46▼
2023 · 0.63
Debt to equity
15.13▲
2023 · 10.47
ROE
-92.2%▼
2023 · 41.7%
ROA
-5.7%▼
2023 · 3.6%
Interest coverage
1.33▼
2023 · 4.93
Debt ≤ 1 year
€1.52M▼
2023 · €2.10M
Debt > 1 year
€284k▼
2023 · €298k
Income taxes
€11k
Staff costs
€1.15M▼
2023 · €1.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €829 | - | - | - |
| Remuneration, social security and pensions62 | - | €1.63M | €1.49M | €1.17M | €1.15M | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128k | €142k | €153k | €105k | €115k | ▲ 10.0% |
| Other operating charges640/8 | - | €10k | €10k | €16k | €7k | ▼ 54.0% |
| Gross operating margin9900 | €1.75M | €1.73M | €1.71M | €1.41M | €1.22M | ▼ 13.5% |
| Operating profit (loss)9901 | €132k | €-55k | €64k | €118k | €-55k | ▼ 147% |
| Financial income75/76B | - | €2k | €1k | €23k | €1k | ▼ 94.6% |
| Recurring financial income75 | €1k | €2k | €1k | €23k | €1k | ▼ 94.6% |
| Financial charges65/66B | - | €29k | €21k | €45k | €45k | ▲ 0.3% |
| Recurring financial charges65 | €32k | €29k | €21k | €45k | €45k | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €102k | €-82k | €44k | €95k | €-99k | ▼ 204% |
| Income taxes67/77 | €5k | - | - | - | €11k | - |
| Profit (loss) for the period9904 | €97k | €-82k | €44k | €95k | €-110k | ▼ 215% |
| Profit (loss) for the period to be appropriated9905 | €97k | €-82k | €44k | €95k | €-110k | ▼ 215% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.19M | €2.27M | €2.05M | €2.62M | €1.92M | ▼ 26.8% |
| Fixed assets21/28 | €453k | €394k | €335k | €281k | €196k | ▼ 30.3% |
| Intangible fixed assets21 | €237k | €190k | €191k | €142k | €92k | ▼ 35.3% |
| Tangible fixed assets22/27 | €216k | €204k | €144k | €138k | €104k | ▼ 25.1% |
| Plant, machinery and equipment23 | - | €111k | €85k | €82k | €60k | ▼ 27.7% |
| Furniture and vehicles24 | - | €93k | €59k | €56k | €44k | ▼ 21.2% |
| Current assets29/58 | €1.74M | €1.88M | €1.72M | €2.34M | €1.72M | ▼ 26.4% |
| Stocks and contracts in progress3 | €913k | €1.02M | €1.02M | €1.02M | €1.02M | ▲ 0.1% |
| Stocks30/36 | - | €939k | €949k | €945k | €942k | ▼ 0.3% |
| Contracts in progress37 | - | €81k | €69k | €75k | €79k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €588k | €711k | €506k | €1.09M | €507k | ▼ 53.4% |
| Trade receivables40 | - | €542k | €431k | €907k | €429k | ▼ 52.6% |
| Other amounts receivable41 | - | €169k | €75k | €181k | €77k | ▼ 57.2% |
| Cash at bank and in hand54/58 | €71k | €60k | €108k | €148k | €109k | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | €86k | €86k | €86k | €86k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.19M | €2.27M | €2.05M | €2.62M | €1.92M | ▼ 26.8% |
| Equity10/15 | €171k | €89k | €133k | €229k | €119k | ▼ 48.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | - | - |
| Issued capital100 | - | €19k | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €151k | €69k | €113k | €208k | €99k | ▼ 52.7% |
| Amounts payable17/49 | €2.02M | €2.18M | €1.92M | €2.39M | €1.80M | ▼ 24.8% |
| Amounts payable after more than one year17 | €625k | €419k | €299k | €298k | €284k | ▼ 4.7% |
| Financial debts170/4 | - | €419k | €299k | €298k | €284k | ▼ 4.7% |
| Amounts payable within one year42/48 | €1.40M | €1.76M | €1.62M | €2.10M | €1.52M | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | - | €202k | €142k | €115k | €123k | ▲ 7.3% |
| Financial debts43 | - | €150k | €150k | €350k | €350k | = |
| Credit institutions430/8 | - | €150k | €150k | €350k | €350k | = |
| Trade debts44 | €871k | €1.21M | €603k | €840k | €471k | ▼ 43.9% |
| Suppliers440/4 | - | €1.21M | €603k | €840k | €471k | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | €146k | €232k | €138k | €69k | ▼ 50.4% |
| Taxes450/3 | - | €17k | €17k | - | - | - |
| Remuneration and social security454/9 | - | €129k | €215k | €138k | €69k | ▼ 50.4% |
| Other amounts payable47/48 | - | €50k | €494k | €653k | €503k | ▼ 22.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97k | €-82k | €44k | €95k | €-110k | ▼ 215% |
| + Depreciation and write-downs630 | €128k | €142k | €153k | €105k | €115k | ▲ 10.0% |
| Operating cash flow (approximation) | €225k | €60k | €197k | €200k | €6k | ▼ 97.2% |
| Investment in fixed assets (approximation) | - | €-83k | €-94k | €-51k | €-30k | ▲ 40.2% |
| Change in cash | - | €-11k | €49k | €40k | €-39k | ▼ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-110k
Net result drops to €-110k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €229k ▲71.5%
2 profitable years in a row build equity to €229k.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Equity above €100kEq €133k ▲49.5%
Equity rises from €89k to €133k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €97k ▲526%
Operating result €132k, net result €97k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲131%
3 profitable years in a row build equity to €171k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Oostkamp · 1 establishment unit since 2017
Ground area
2,479 m²
Building footprint
1,190 m²
Volume, LiDAR
6,209 m³
Parcel 31025B0668/00H000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ME TECHNICS
since 20172.263.044.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025B0668/00H000 | Flanders | 2,479 m² | 1 · 1,190 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 5,281 EUR awarded · 5,281 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 987 EUR | 987 EUR |
| 2024 | 1 | 2,073 EUR | 2,362 EUR |
| 2023 | 1 | 2,039 EUR | 1,750 EUR |
| 2022 | 1 | 182 EUR | 182 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 4,934 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Contact
Phone
050820607Oostkamp
Scores and ratios are computed by Checked and are not a credit decision.