MECADE
ActiveMECADE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €-304. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 71% of 955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-3
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.93 in 2024; short-term debt: 12.9% and cash: 4.7% of total assets), and 25.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
23 d late
2023
105 d late
2022
17 d late
2021
6 d late
2020
51 d early
2019
28 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▼ 0.2%
2024 · €138k
2018: €130k
2019: €136k
2020: €133k
2021: €131k
2022: €132k
2023: €133k
2024: €138k
2018 → 2025
Total assets
€186k▼ 1.9%
2024 · €189k
2018: €159k
2019: €185k
2020: €164k
2021: €156k
2022: €153k
2023: €140k
2024: €189k
2018 → 2025
Net result
€-304
2024 · €5k
2018: €-4k
2019: €6k
2020: €-3k
2021: €-2k
2022: €791
2023: €892
2024: €5k
2018 → 2025
Working capital
€-5k▼ 247%
2024 · €-1k
2018: €3k
2019: €6k
2020: €5k
2021: €1k
2022: €3k
2023: €8k
2024: €-1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€132k▲ 0.6%€133k▲ 0.7%€138k▲ 3.6%€138k▼ 0.2%
Operating result€-1k-€782€821▲ 5.0%€8k▲ 837%€27▼ 99.6%
Net result€-2k-€791€892▲ 12.7%€5k▲ 435%€-304
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 100% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€166k▼ 3.5%
Current assets
€19k▲ 15.5%
Equity and liabilities €186k
Equity
€138k▼ 0.2%
Debt
€48k▼ 6.2%
The debt ratio falls from 27.1% to 25.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €14k
Cash flow
€10k▼
2024 · €11k
Solvency
74.1%▲
2024 · 72.9%
Current ratio
0.81▼
2024 · 0.93
Quick ratio
0.58▼
2024 · 0.64
Debt / equity
0.35▼
2024 · 0.37
ROE
-0.2%▼
2024 · 3.5%
ROA
-0.2%▼
2024 · 2.5%
Interest coverage
6.54▼
2024 · 11.27
Debt
€48k▼
2024 · €51k
Debt ≤ 1 year
€24k▲
2024 · €18k
Debt > 1 year
€24k▼
2024 · €33k
Income taxes
€-1k▼
2024 · €2k
Staff costs
€25k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€189k€186k▼
Fixed assets21/28€172k€166k▼
Tangible fixed assets22/27€48k€42k▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24€48k€37k▼
Financial fixed assets28€124k€124k=
Current assets29/58€17k€19k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€4k€9k▲
Deferred charges and accrued income490/1€2k€854▼
Equity and liabilities
Total equity and liabilities10/49€189k€186k▼
Equity10/15€138k€138k▼
Contributions10/11€19k€19k=
Reserves13€119k€119k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€117k€117k▼
Amounts payable17/49€51k€48k▼
Amounts payable after more than one year17€33k€24k▼
Financial debts170/4€33k€24k▼
Amounts payable within one year42/48€18k€24k▲
Current portion of amounts payable after more than one year42€9k€14k▲
Trade debts44€312€13▼
Suppliers440/4€312€13▼
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€500€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€23k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€41k€37k▼
Operating profit (loss)9901€8k€27▼
Financial income75/76B€160€309▲
Recurring financial income75€160€309▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€7k€-1k▼
Income taxes67/77€2k€-1k▼
Profit (loss) for the period9904€5k€-304▼
Profit (loss) for the period to be appropriated9905€5k€-304▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-304▼
Transfer from equity791/2-€304
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €791
Net result €791 after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 6 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Leuze-en-Hainaut · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Gabrielle Petit(C.W.) 97903 Leuze-en-HainautGround area
838 m²
Building footprint
137 m²
Volume, LiDAR
984 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MECADE SPRL
since 20042.143.095.927
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57020A0141/00K000 | Wallonia | 622 m² | 1 · 56 m² | 7.4 m · 2 fl. |
| 51004B0398/00A005 | Wallonia | 216 m² | 1 · 82 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
DRUKKERIJ GAZELLE
BE 0473.296.058
Antwerpen · Eq €138k
Drukkerij Meyhui
BE 0445.999.862
Waregem · Eq €137k
GOMES Manuel-LETTRAGE PUBLICITAIRE
BE 0684.969.359
Arlon · Eq €139k
DRUKKERIJ VANHALST
BE 0458.129.614
Nazareth-De Pinte · Eq €139k
PIRSON' IMPRIMERIE
BE 0455.516.651
Yvoir · Eq €135k
Of 1,600 companies in sector 18120 we hold annual accounts for 808. 622 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2004
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
47400Retail sale of information and communication equipment
47410Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
52487
74851
74855
82990Other business support services
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.