MECALOG
ActiveMECALOG has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €18k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy▲ +23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+43
Solvency53▲+14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.53 in 2024), and 61.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
38.2%
Return on assets
4.3%
Age of the figures
8 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
40 d late
2022
7 d late
2021
53 d early
2020
8 d early
2019
53 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 12.6%
2024 · €146k
2018: €100k
2019: €102k
2020: €104k
2021: €124k
2022: €134k
2023: €142k
2024: €146k
2018 → 2025
Total assets
€430k▼ 7.5%
2024 · €465k
2018: €168k
2019: €164k
2020: €139k
2021: €633k
2022: €617k
2023: €619k
2024: €465k
2018 → 2025
Net result
€18k▲ 403%
2024 · €4k
2018: €420
2019: €2k
2020: €1k
2021: €20k
2022: €10k
2023: €8k
2024: €4k
2018 → 2025
Working capital
€-22k▲ 58.7%
2024 · €-54k
2018: €18k
2019: €28k
2020: €33k
2021: €-144k
2022: €-108k
2023: €-153k
2024: €-54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€134k▲ 8.1%€142k▲ 6.0%€146k▲ 2.6%€164k▲ 12.6%
Operating result€35k-€23k▼ 32.8%€19k▼ 20.3%€16k▼ 12.2%€34k▲ 110%
Net result€20k-€10k▼ 50.4%€8k▼ 19.5%€4k▼ 55.0%€18k▲ 403%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 110% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€375k▼ 7.2%
Current assets
€55k▼ 9.9%
Equity and liabilities €430k
Equity
€164k▲ 12.6%
Debt
€266k▼ 16.7%
The debt ratio falls from 68.7% to 61.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€59k▲
2024 · €40k
Cash flow
€43k▲
2024 · €28k
Solvency
38.2%▲
2024 · 31.3%
Current ratio
0.71▲
2024 · 0.53
Quick ratio
0.71▲
2024 · 0.53
Debt / equity
1.62▼
2024 · 2.19
ROE
11.2%▲
2024 · 2.5%
ROA
4.3%▲
2024 · 0.8%
Interest coverage
10.98▲
2024 · 3.13
Debt
€266k▼
2024 · €319k
Debt ≤ 1 year
€77k▼
2024 · €115k
Debt > 1 year
€189k▼
2024 · €204k
Income taxes
€10k▲
2024 · €-610
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€465k€430k▼
Fixed assets21/28€404k€375k▼
Tangible fixed assets22/27€388k€359k▼
Land and buildings22€355k€335k▼
Plant, machinery and equipment23€31k€22k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€16k€16k=
Current assets29/58€61k€55k▼
Amounts receivable within one year40/41€51k€35k▼
Trade receivables40€44k€14k▼
Other amounts receivable41€7k€20k▲
Cash at bank and in hand54/58€8k€18k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€465k€430k▼
Equity10/15€146k€164k▲
Contributions10/11€6k€6k=
Reserves13€139k€158k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€138k€156k▲
Amounts payable17/49€319k€266k▼
Amounts payable after more than one year17€204k€189k▼
Financial debts170/4€204k€189k▼
Amounts payable within one year42/48€115k€77k▼
Current portion of amounts payable after more than one year42€16k€16k▼
Financial debts43€10k€10k=
Credit institutions430/8€10k-
Other loans439-€10k
Trade debts44€24k€32k▲
Suppliers440/4€24k€32k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€61k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€424€3▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k▲
Other operating charges640/8€8k€5k▼
Non-recurring operating charges66A€51k€10k▼
Gross operating margin9900€99k€73k▼
Operating profit (loss)9901€16k€34k▲
Financial income75/76B-€37
Recurring financial income75-€37
Financial charges65/66B€13k€6k▼
Recurring financial charges65€13k€5k▼
Non-recurring financial charges66B€371€450▲
Profit (loss) for the period before taxes9903€3k€29k▲
Income taxes67/77€-610€10k▲
Profit (loss) for the period9904€4k€18k▲
Profit (loss) for the period to be appropriated9905€4k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€18k▲
Transfer to equity691/2€4k€18k▲
To the legal reserve6920-€18k
To other reserves6921€4k-
The notes to these accounts (9 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €150kEq €164k ▲12.6%
8 profitable years in a row build equity to €164k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20k ▲1297%
Operating result €35k, net result €20k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Equity above €100kEq €102k ▲2.3%
2 profitable years in a row build equity to €102k.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-05-2025
Resigned as Director (executive)
Location & real-estate footprint
Registered office, Manage · 1 establishment unit since 2007
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.
rue des Brasseries 67170 ManageGround area
2,460 m²
Building footprint
796 m²
Volume, LiDAR
5,897 m³
Parcel 52043F0423/00E000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
rue des Brasseries 6, 7170 Manage
since 20072.163.376.251
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043F0423/00E000 | Wallonia | 2,460 m² | 1 · 796 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
LAMO METAL
BE 0898.318.978
Ardooie · Eq €164k
OBLIS
BE 0860.741.574
Gerpinnes · Eq €164k
FULLMETAL
BE 0811.265.537
Doische · Eq €165k
GP CONSTRUCTIE
BE 0898.492.489
Maasmechelen · Eq €165k
KN WELDING
BE 0889.854.145
Glabbeek · Eq €162k
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,314 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2007
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.