MEC DECOR
ActiveSummary
MEC DECOR has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €837,291 and a net result of €197,787. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 2226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+5
Solvency46▲+5
Growth85=
Track record92
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.7 in 2024; short-term debt: 36.8% and cash: 0.3% of total assets), but 79% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
21%
Return on assets
5%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 10 filingsDeviation from the deadline
2025
53 d late
2024
66 d late
2023
124 d late
2022
94 d late
2021
67 d late
2020
40 d late
2019
49 d late
← 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 70 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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. Usually files around 6 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€6.0m▲ 9.4%
2024 · €5.5m
EBIT margin
6.5%▲ 2.5pp
2024 · 4.0%
Net result
€197,787▲ 51.7%
2024 · €130,384
Working capital
€771,595▼ 19.6%
2024 · €959,115
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.9m▼ 2.3%€3.8m▲ 29.9%€4.2m▲ 9.0%€5.5m▲ 30.8%€6.0m▲ 9.4%
Operating result€114,469▲ 119%€180,094▲ 57.3%€318,296▲ 76.7%€218,867▼ 31.2%€390,339▲ 78.3%
Net result€64,282within the sector's middle half▲ 226%€104,475within the sector's middle half▲ 62.5%€205,065above the sector's middle half▲ 96.3%€130,384above the sector's middle half▼ 36.4%€197,787above the sector's middle half▲ 51.7%
EBIT margin3.9%▲ 2.2pp4.7%▲ 0.8pp7.6%▲ 2.9pp4.0%▼ 3.6pp6.5%▲ 2.5pp
Equity€199,580within the sector's middle half▲ 42.0%€304,056within the sector's middle half▲ 52.3%€509,121above the sector's middle half▲ 67.4%€639,505within the sector's middle half▲ 25.6%€837,291above the sector's middle half▲ 30.9%
Total assets€1.6mwithin the sector's middle half▼ 2.0%€2.6mabove the sector's middle half▲ 63.7%€2.9mabove the sector's middle half▲ 11.1%€4.0mabove the sector's middle half▲ 41.2%€4.0mabove the sector's middle half▼ 1.0%
Debt€1.4m▼ 6.3%€2.3m▲ 65.3%€2.3m▲ 3.5%€3.4m▲ 44.5%€3.2m▼ 7.0%
Working capital€266,925within the sector's middle half▲ 34.6%€89,614within the sector's middle half▼ 66.4%€480,379above the sector's middle half▲ 436%€959,115above the sector's middle half▲ 99.7%€771,595above the sector's middle half▼ 19.6%
Solvency12.7%below the sector's middle half▲ 3.9pp11.8%below the sector's middle half▼ 0.9pp17.8%within the sector's middle half▲ 6.0pp15.9%below the sector's middle half▼ 2.0pp21.0%within the sector's middle half▲ 5.1pp
Current ratio1.46within the sector's middle half▲ 0.221.09within the sector's middle half▼ 0.371.53within the sector's middle half▲ 0.441.70within the sector's middle half▲ 0.161.53within the sector's middle half▼ 0.17
Return on assets (ROA)4.1%within the sector's middle half▲ 2.9pp4.1%within the sector's middle half=7.2%within the sector's middle half▲ 3.1pp3.2%within the sector's middle half▼ 3.9pp5.0%within the sector's middle half▲ 1.7pp
Staff (FTE)2within the sector's middle half8.2above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +96% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 78% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€1.7m ▲ 3.0%
Current assets
€2.2m ▼ 3.9%
Equity and liabilities €4.0m
Equity
€837,291 ▲ 30.9%
Debt
€3.2m ▼ 7.0%
Debt's share of the balance-sheet total falls from 84.1% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€547,856▲
2024 · €356,054
Cash flow
€355,304▲
2024 · €267,571
Debt to equity
3.76▼
2024 · 5.30
ROE
23.6%▲
2024 · 20.4%
Interest coverage
9.20▲
2024 · 8.99
Debt ≤ 1 year
€1.5m▲
2024 · €1.4m
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€135,512▲
2024 · €61,716
Staff costs
€458,502▼
2024 · €629,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,508 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €2.9m | €3.8m | €4.2m | €5.5m | €6.0m | ▲ 9.4% |
| Goods, raw materials, services and sundry goods60/61 | €2.8m | €3.5m | €3.5m | €4.4m | €4.9m | ▲ 10.4% |
| Remuneration, social security and pensions62 | €50,452 | €59,270 | €293,819 | €629,183 | €458,502 | ▼ 27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,444 | €79,186 | €87,471 | €137,187 | €157,518 | ▲ 14.8% |
| Other operating charges640/8 | €15,977 | €109,389 | €38,310 | €51,082 | €111,152 | ▲ 118% |
| Gross operating margin9900 | €234,342 | €427,938 | €737,896 | €1.0m | €1.1m | ▲ 7.8% |
| Operating profit (loss)9901 | €114,469 | €180,094 | €318,296 | €218,867 | €390,339 | ▲ 78.3% |
| Financial income75/76B | €120 | €6,658 | €4,311 | €12,828 | €12,241 | ▼ 4.6% |
| Recurring financial income75 | €120 | €6,658 | €4,311 | €12,828 | €12,241 | ▼ 4.6% |
| Financial charges65/66B | €17,828 | €34,221 | €32,495 | €39,596 | €69,282 | ▲ 75.0% |
| Recurring financial charges65 | €17,828 | €34,221 | €32,495 | €39,596 | €59,574 | ▲ 50.5% |
| Non-recurring financial charges66B | - | - | - | - | €9,707 | - |
| Profit (loss) for the period before taxes9903 | €96,761 | €152,530 | €290,112 | €192,100 | €333,298 | ▲ 73.5% |
| Income taxes67/77 | €32,479 | €48,055 | €85,047 | €61,716 | €135,512 | ▲ 120% |
| Profit (loss) for the period9904 | €64,282 | €104,475 | €205,065 | €130,384 | €197,787 | ▲ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €64,282 | €104,475 | €205,065 | €130,384 | €197,787 | ▲ 51.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.6m | €2.9m | €4.0m | €4.0m | ▼ 1.0% |
| Fixed assets21/28 | €726,321 | €1.5m | €1.5m | €1.7m | €1.7m | ▲ 3.0% |
| Tangible fixed assets22/27 | €519,193 | €1.5m | €1.5m | €1.7m | €1.7m | ▲ 3.1% |
| Land and buildings22 | €416,398 | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 2.6% |
| Plant, machinery and equipment23 | €16,256 | €31,545 | €35,871 | €63,066 | €45,502 | ▼ 27.9% |
| Furniture and vehicles24 | €86,539 | €93,141 | €74,343 | €95,319 | €136,446 | ▲ 43.1% |
| Leasing and similar rights25 | - | - | - | €199,095 | €260,784 | ▲ 31.0% |
| Financial fixed assets28 | €207,128 | €9,373 | €9,493 | €16,993 | €16,993 | = |
| Current assets29/58 | €843,867 | €1.0m | €1.4m | €2.3m | €2.2m | ▼ 3.9% |
| Amounts receivable within one year40/41 | €615,992 | €957,549 | €1.3m | €2.2m | €2.2m | ▼ 1.2% |
| Trade receivables40 | €559,864 | €850,828 | €891,081 | €1.5m | €1.5m | ▼ 1.6% |
| Other amounts receivable41 | €56,127 | €106,721 | €439,200 | €724,472 | €722,108 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €227,875 | €88,482 | €48,206 | €82,274 | €12,358 | ▼ 85.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,439 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.6m | €2.9m | €4.0m | €4.0m | ▼ 1.0% |
| Equity10/15 | €199,580 | €304,056 | €509,121 | €639,505 | €837,291 | ▲ 30.9% |
| Contributions10/11 | €12,345 | €12,345 | €12,345 | €12,345 | €12,345 | = |
| Capital10 | €12,345 | €12,345 | - | - | - | - |
| Issued capital100 | €18,545 | €18,545 | - | - | - | - |
| Uncalled capital101 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €199,647 | ▲ 10,634% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €199,647 | ▲ 10,634% |
| Profit (loss) carried forward14 | €185,375 | €289,851 | €494,916 | €625,300 | €625,300 | = |
| Amounts payable17/49 | €1.4m | €2.3m | €2.3m | €3.4m | €3.2m | ▼ 7.0% |
| Amounts payable after more than one year17 | €449,509 | €1.1m | €992,566 | €1.1m | €1.0m | ▼ 2.3% |
| Financial debts170/4 | €449,509 | €1.1m | €992,566 | €1.1m | €1.0m | ▼ 2.3% |
| Amounts payable within one year42/48 | €576,943 | €956,417 | €898,107 | €1.4m | €1.5m | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €71,484 | €124,400 | €108,375 | €127,153 | €134,830 | ▲ 6.0% |
| Financial debts43 | - | - | - | €94,569 | €21,484 | ▼ 77.3% |
| Credit institutions430/8 | - | - | - | €94,569 | €21,484 | ▼ 77.3% |
| Trade debts44 | €411,985 | €674,753 | €625,795 | €983,995 | €1.1m | ▲ 9.3% |
| Suppliers440/4 | €411,985 | €674,753 | €625,795 | €983,995 | €1.1m | ▲ 9.3% |
| Advances received on contracts in progress46 | €23,708 | €23,708 | - | - | - | - |
| Taxes, remuneration and social security45 | €63,642 | €128,971 | €159,354 | €162,696 | €232,444 | ▲ 42.9% |
| Taxes450/3 | €63,642 | €80,822 | €133,102 | €146,967 | €200,531 | ▲ 36.4% |
| Remuneration and social security454/9 | - | €48,149 | €26,252 | €15,729 | €31,913 | ▲ 103% |
| Other amounts payable47/48 | €6,123 | €4,584 | €4,584 | €4,584 | €4,584 | = |
| Accrued charges and deferred income492/3 | €344,156 | €208,496 | €454,482 | €948,285 | €638,781 | ▼ 32.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,282 | €104,475 | €205,065 | €130,384 | €197,787 | ▲ 51.7% |
| + Depreciation and write-downs630 | €53,444 | €79,186 | €87,471 | €137,187 | €157,518 | ▲ 14.8% |
| Operating cash flow (approximation) | €117,726 | €183,661 | €292,537 | €267,571 | €355,304 | ▲ 32.8% |
| Investment in fixed assets (approximation) | - | -€876,744 | -€39,381 | -€358,215 | -€209,031 | ▲ 41.6% |
| Change in cash | - | -€139,393 | -€40,276 | €34,068 | -€69,916 | ▼ 305% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
2025
05-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 66 days late
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
08-04
KBO administration
UBO non-compliance
event 25-03-2024
2023
31-12
Financial
Highest result since 2018net €205,065 ▲96.3%
Net result €205,065, the highest in the series.
31-12
Financial
Equity above €500,000Eq €509,121 ▲67.4%
6 profitable years in a row build equity to €509,121.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 94 days late
2022
31-12
Financial
Equity above €200,000Eq €304,056 ▲52.3%
5 profitable years in a row build equity to €304,056.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 67 days late
2021
31-12
Financial
Equity above €150,000Eq €199,580 ▲42%
4 profitable years in a row build equity to €199,580.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €120,840 ▲45.5%
2 profitable years in a row build equity to €120,840.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
02-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 33 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2014
Ground area
189 m²
Building footprint
100 m²
Volume, LiDAR
837 m³
Parcel 11422C0017/00K004, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MEC DECOR
since 20142.227.729.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0017/00K004 | Flanders | 189 m² | 1 · 100 m² | 10.8 m · 3 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.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 7,170 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
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42110Construction of roads and motorways
42212Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43211General electrical installation work
43230Insulation installation
Contact
Website
www.mecdecor.be
E-mail
info@mecdecor.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543704695
Also
9925:BE0543704695
Registered
15-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.