MEC
ActiveSummary
MEC has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €10k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency40▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.52 in 2024; short-term debt: 6.8% and cash: 1.2% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.1%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
27 d late
2022
30 d late
2021
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€61k▲ 20.4%
2024 · €50k
Total assets
€400k▼ 3.5%
2024 · €415k
Net result
€10k▼ 4.1%
2024 · €11k
Working capital
€-19k▼ 49.8%
2024 · €-13k
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
Line20212022202320242025
Operating result€3k-€15k▲ 331%€18k▲ 18.4%€17k▼ 1.7%€17k▼ 1.2%
Net result€378-€11k▲ 2,751%€13k▲ 24.8%€11k▼ 20.5%€10k▼ 4.1%
Equity€15k-€26k▲ 70.0%€40k▲ 51.4%€50k▲ 27.0%€61k▲ 20.4%
Total assets€478k-€454k▼ 4.9%€444k▼ 2.3%€415k▼ 6.5%€400k▼ 3.5%
Debt€462k-€428k▼ 7.4%€404k▼ 5.5%€365k▼ 9.8%€340k▼ 6.8%
Working capital€-181-€979€1k▲ 46.7%€-13k€-19k▼ 49.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€392k ▼ 2.0%
Current assets
€8k ▼ 43.3%
Equity and liabilities €400k
Equity
€61k ▲ 20.4%
Debt
€340k ▼ 6.8%
Debt's share of the balance-sheet total falls from 87.9% to 84.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▼
2024 · €32k
Cash flow
€25k▼
2024 · €26k
Current ratio
0.29▼
2024 · 0.52
Debt to equity
5.62▼
2024 · 7.26
ROE
16.9%▼
2024 · 21.3%
ROA
2.6%▼
2024 · 2.6%
Interest coverage
8.77▲
2024 · 8.33
Debt ≤ 1 year
€27k▲
2024 · €27k
Debt > 1 year
€313k▼
2024 · €338k
Income taxes
€3k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | €15k | €15k | €14k | ▼ 3.6% |
| Other operating charges640/8 | €398 | €2k | €3k | €3k | €3k | ▲ 3.1% |
| Gross operating margin9900 | €12k | €31k | €35k | €35k | €34k | ▼ 1.9% |
| Operating profit (loss)9901 | €3k | €15k | €18k | €17k | €17k | ▼ 1.2% |
| Financial income75/76B | €93 | - | - | - | - | - |
| Recurring financial income75 | €93 | - | - | - | - | - |
| Financial charges65/66B | €3k | €4k | €4k | €4k | €4k | ▼ 7.3% |
| Recurring financial charges65 | €3k | €4k | €4k | €4k | €4k | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €472 | €11k | €13k | €13k | €13k | ▲ 0.5% |
| Income taxes67/77 | €94 | €-94 | - | €3k | €3k | ▲ 18.9% |
| Profit (loss) for the period9904 | €378 | €11k | €13k | €11k | €10k | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €378 | €11k | €13k | €11k | €10k | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478k | €454k | €444k | €415k | €400k | ▼ 3.5% |
| Formation expenses20 | €2k | €2k | €1k | €619 | €66 | ▼ 89.3% |
| Fixed assets21/28 | €440k | €426k | €415k | €400k | €392k | ▼ 2.0% |
| Tangible fixed assets22/27 | €440k | €426k | €415k | €400k | €392k | ▼ 2.0% |
| Land and buildings22 | €434k | €421k | €411k | €397k | €390k | ▼ 1.8% |
| Plant, machinery and equipment23 | €6k | €5k | €4k | €3k | €3k | ▼ 22.7% |
| Current assets29/58 | €35k | €27k | €28k | €14k | €8k | ▼ 43.3% |
| Amounts receivable within one year40/41 | €5k | - | €3k | €3k | €3k | = |
| Trade receivables40 | €4k | - | €3k | €3k | €3k | = |
| Other amounts receivable41 | €743 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €22k | €24k | €25k | €11k | €5k | ▼ 55.6% |
| Deferred charges and accrued income490/1 | €8k | €3k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478k | €454k | €444k | €415k | €400k | ▼ 3.5% |
| Equity10/15 | €15k | €26k | €40k | €50k | €61k | ▲ 20.4% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €378 | €11k | €25k | €35k | €46k | ▲ 29.1% |
| Distributable reserves133 | €378 | €11k | €25k | €35k | €46k | ▲ 29.1% |
| Amounts payable17/49 | €462k | €428k | €404k | €365k | €340k | ▼ 6.8% |
| Amounts payable after more than one year17 | €427k | €402k | €378k | €338k | €313k | ▼ 7.5% |
| Financial debts170/4 | €427k | €402k | €378k | €338k | €313k | ▼ 7.5% |
| Amounts payable within one year42/48 | €35k | €26k | €27k | €27k | €27k | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | €24k | €24k | €25k | €25k | €25k | ▲ 1.1% |
| Trade debts44 | €249 | - | - | - | €21 | - |
| Suppliers440/4 | €249 | - | - | - | €21 | - |
| Taxes, remuneration and social security45 | €1k | €1k | €2k | €2k | €2k | ▲ 1.4% |
| Taxes450/3 | €1k | €1k | €2k | €2k | €2k | ▲ 1.4% |
| Other amounts payable47/48 | €10k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €378 | €11k | €13k | €11k | €10k | ▼ 4.1% |
| + Depreciation and write-downs630 | €9k | €14k | €15k | €15k | €14k | ▼ 3.6% |
| Operating cash flow (approximation) | €9k | €25k | €28k | €26k | €25k | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-553 | €-6k | ▼ 1,053% |
| Change in cash | - | €2k | €948 | €-14k | €-6k | ▲ 56.1% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Highest result since 2021net €13k ▲24.8%
Operating result €18k, net result €13k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 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.
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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, Dilsen-Stokkem · 1 establishment unit since 2021
Ground area
1,181 m²
Building footprint
439 m²
Volume, LiDAR
170 m³
Parcel 72005B1366/00F000, Flanders · tallest building 1.4 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MEC
since 20212.312.953.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005B1366/00F000 | Flanders | 1,181 m² | 1 · 439 m² | 1.4 m |
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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,311 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
Founded28-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.