MEAD
ActiveSummary
MEAD has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,202) and a net result of -€7,984. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-28
Solvency24▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.67 in 2024; short-term debt: 47% and cash: 7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-0.9%
Return on assets
-5.7%
Age of the figures
18 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€1,202
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
6 d early
2022
2 d late
2021
2 d late
2020
57 d early
2019
2 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 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€1,202
2024 · €6,782
Total assets
€141,136▼ 31.7%
2024 · €206,710
Net result
-€7,984
2024 · €2,388
Working capital
-€36,766▼ 10.0%
2024 · -€33,437
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€26,029€14,195€19,582▲ 37.9%€18,484▼ 5.6%€3,965▼ 78.6%
Net result-€29,431below the sector's middle half€7,556within the sector's middle half€10,291within the sector's middle half▲ 36.2%€2,388within the sector's middle half▼ 76.8%-€7,984below the sector's middle half
Equity-€13,453below the sector's middle half-€5,897within the sector's middle half▲ 56.2%€4,394within the sector's middle half€6,782within the sector's middle half▲ 54.3%-€1,202within the sector's middle half
Total assets€72,452within the sector's middle half▼ 25.4%€138,359within the sector's middle half▲ 91.0%€188,408within the sector's middle half▲ 36.2%€206,710above the sector's middle half▲ 9.7%€141,136within the sector's middle half▼ 31.7%
Debt€85,905▲ 10.1%€144,256▲ 67.9%€184,014▲ 27.6%€199,928▲ 8.6%€142,337▼ 28.8%
Working capital-€26,848▼ 383%-€41,835▼ 55.8%-€41,295▲ 1.3%-€33,437▲ 19.0%-€36,766▼ 10.0%
Solvency-18.6%below the sector's middle half▼ 38.3pp-4.3%within the sector's middle half▲ 14.3pp2.3%within the sector's middle half▲ 6.6pp3.3%within the sector's middle half▲ 0.9pp-0.9%within the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,136
Fixed assets
€111,597 ▼ 18.8%
Current assets
€29,539 ▼ 57.3%
Key figures and ratios
EBITDA
€30,857▼
2024 · €53,577
Cash flow
€18,909▼
2024 · €37,482
Current ratio
0.45▼
2024 · 0.67
ROA
-5.7%▼
2024 · 1.2%
Interest coverage
3.34▼
2024 · 5.59
Debt ≤ 1 year
€66,305▼
2024 · €102,639
Debt > 1 year
€76,033▼
2024 · €97,288
Income taxes
€2,819▼
2024 · €6,655
A ratio outside any meaningful range has been withheld (balance sheet total €141,136, equity -€1,202).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,792 | €13,105 | €24,656 | €35,094 | €26,893 | ▼ 23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €977 | - | - |
| Other operating charges640/8 | - | €4,076 | €1,697 | €1,890 | €4,283 | ▲ 127% |
| Gross operating margin9900 | -€11,149 | €31,377 | €45,935 | €56,444 | €35,140 | ▼ 37.7% |
| Operating profit (loss)9901 | -€26,029 | €14,195 | €19,582 | €18,484 | €3,965 | ▼ 78.6% |
| Financial income75/76B | - | - | - | €139 | €114 | ▼ 18.4% |
| Recurring financial income75 | €0 | - | - | €139 | €114 | ▼ 18.4% |
| Financial charges65/66B | - | €6,333 | €6,069 | €9,579 | €9,244 | ▼ 3.5% |
| Recurring financial charges65 | €3,087 | €6,333 | €6,069 | €9,579 | €9,244 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | -€29,116 | €7,862 | €13,512 | €9,044 | -€5,165 | ▼ 157% |
| Income taxes67/77 | €315 | €305 | €3,221 | €6,655 | €2,819 | ▼ 57.6% |
| Profit (loss) for the period9904 | -€29,431 | €7,556 | €10,291 | €2,388 | -€7,984 | ▼ 434% |
| Profit (loss) for the period to be appropriated9905 | -€29,431 | €7,556 | €10,291 | €2,388 | -€7,984 | ▼ 434% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,452 | €138,359 | €188,408 | €206,710 | €141,136 | ▼ 31.7% |
| Fixed assets21/28 | €51,519 | €114,439 | €149,051 | €137,508 | €111,597 | ▼ 18.8% |
| Intangible fixed assets21 | €16,000 | €14,000 | €12,000 | €10,000 | €8,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €35,419 | €100,339 | €136,951 | €127,408 | €103,497 | ▼ 18.8% |
| Plant, machinery and equipment23 | - | €17,429 | €14,857 | €34,644 | €30,010 | ▼ 13.4% |
| Furniture and vehicles24 | - | €80,408 | €119,958 | €90,994 | €72,085 | ▼ 20.8% |
| Other tangible fixed assets26 | - | €2,502 | €2,136 | €1,769 | €1,403 | ▼ 20.7% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €20,933 | €23,920 | €39,357 | €69,202 | €29,539 | ▼ 57.3% |
| Amounts receivable within one year40/41 | €10,363 | €6,980 | €15,787 | €25,558 | €19,201 | ▼ 24.9% |
| Trade receivables40 | - | €570 | €3,204 | €5,277 | €2,482 | ▼ 53.0% |
| Other amounts receivable41 | - | €6,409 | €12,583 | €20,281 | €16,719 | ▼ 17.6% |
| Cash at bank and in hand54/58 | €10,570 | €16,546 | €23,176 | €43,041 | €9,850 | ▼ 77.1% |
| Deferred charges and accrued income490/1 | - | €394 | €394 | €604 | €487 | ▼ 19.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,452 | €138,359 | €188,408 | €206,710 | €141,136 | ▼ 31.7% |
| Equity10/15 | -€13,453 | -€5,897 | €4,394 | €6,782 | -€1,202 | ▼ 118% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€32,053 | -€24,497 | -€14,206 | -€11,818 | -€19,802 | ▼ 67.6% |
| Amounts payable17/49 | €85,905 | €144,256 | €184,014 | €199,928 | €142,337 | ▼ 28.8% |
| Amounts payable after more than one year17 | €38,124 | €78,501 | €103,362 | €97,288 | €76,033 | ▼ 21.8% |
| Financial debts170/4 | - | €78,501 | €103,362 | €97,288 | €76,033 | ▼ 21.8% |
| Amounts payable within one year42/48 | €47,781 | €65,755 | €80,652 | €102,639 | €66,305 | ▼ 35.4% |
| Current portion of amounts payable after more than one year42 | - | €22,231 | €30,415 | €24,283 | €19,515 | ▼ 19.6% |
| Financial debts43 | - | - | - | - | €296 | - |
| Credit institutions430/8 | - | - | - | - | €296 | - |
| Trade debts44 | €15,362 | €13,851 | €18,706 | €48,777 | €21,373 | ▼ 56.2% |
| Suppliers440/4 | - | €13,851 | €18,706 | €48,777 | €21,373 | ▼ 56.2% |
| Taxes, remuneration and social security45 | - | €29,064 | €29,376 | €29,580 | €25,121 | ▼ 15.1% |
| Taxes450/3 | - | €29,064 | €29,376 | €25,880 | €20,654 | ▼ 20.2% |
| Remuneration and social security454/9 | - | - | - | €3,700 | €4,467 | ▲ 20.7% |
| Other amounts payable47/48 | - | €609 | €2,154 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,431 | €7,556 | €10,291 | €2,388 | -€7,984 | ▼ 434% |
| + Depreciation and write-downs630 | €12,792 | €13,105 | €24,656 | €35,094 | €26,893 | ▼ 23.4% |
| Operating cash flow (approximation) | -€16,639 | €20,662 | €34,948 | €37,482 | €18,909 | ▼ 49.6% |
| Investment in fixed assets (approximation) | - | -€76,025 | -€59,269 | -€23,550 | -€982 | ▲ 95.8% |
| Change in cash | - | €5,976 | €6,630 | €19,865 | -€33,191 | ▼ 267% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €10,291 ▲36.2%
Operating result €19,582, net result €10,291, both a record.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Back to profitnet €7,556
Net result €7,556 after one loss-making year.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet -€29,431
Net result drops to -€29,431, the lowest in the series; recovery starts the following year.
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 2012
Ground area
789 m²
Building footprint
179 m²
2 parcels, Wallonia. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Chaussée de Bruxelles 314A, 1410 Waterloo
since 20122.207.958.045
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0336/00B000 | Wallonia | 529 m² | 1 · 101 m² | - |
| 25110A0338/00B000 | Wallonia | 260 m² | 1 · 78 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IRFAN.EFE
BE 0897.830.614
Soignies · Eq €6,643
CheauD
BE 0804.766.933
Kortrijk · Eq €6,946
AZUR & CO
BE 0471.823.044
Sint-Lambrechts-Woluwe · Eq €6,617
Night Dream
BE 0430.744.039
Ottignies-Louvain-la-Neuve · Eq €7,081
TINKELBEL
BE 0521.806.055
Knokke-Heist · Eq €6,468
Of 998 companies in sector 96102 we hold annual accounts for 458. 246 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
Founded22-12-2011
Fiscal year end31-03
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
46190Agents in non-specialised wholesale trade
77223Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
96101Personal service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842394520
Also
9925:BE0842394520
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.