MECAPLAST
ActiveSummary
MECAPLAST has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,520 and a net result of -€9,540. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 2439 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-71
Solvency39▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.29 in 2023; short-term debt: 39.1% and cash: 13.8% of total assets), and 86% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
14%
Return on assets
-10.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2439 sector peers (2024).
NBB · sector comparisonPosition among 2439 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
137 d late
2019
103 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,520▼ 43.2%
2023 · €22,060
Total assets
€89,310▲ 31.2%
2023 · €68,074
Net result
-€9,540
2023 · €14,572
Working capital
-€7,699
2023 · €6,311
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20202021202220232024
Operating result€17,732▲ 195%€21,221▲ 19.7%-€1,391€21,597-€8,628
Net result€16,733within the sector's middle half▲ 696%€20,128within the sector's middle half▲ 20.3%-€4,112below the sector's middle half€14,572within the sector's middle half-€9,540below the sector's middle half
Equity-€8,527below the sector's middle half▲ 66.2%€11,601below the sector's middle half€7,489below the sector's middle half▼ 35.4%€22,060within the sector's middle half▲ 195%€12,520below the sector's middle half▼ 43.2%
Total assets€50,572below the sector's middle half▲ 72.9%€40,011below the sector's middle half▼ 20.9%€68,097below the sector's middle half▲ 70.2%€68,074below the sector's middle half=€89,310within the sector's middle half▲ 31.2%
Debt€59,099▲ 8.4%€28,410▼ 51.9%€60,608▲ 113%€46,013▼ 24.1%€76,790▲ 66.9%
Working capital-€30,212below the sector's middle half▼ 16.1%-€4,263below the sector's middle half▲ 85.9%-€11,150below the sector's middle half▼ 162%€6,311within the sector's middle half-€7,699below the sector's middle half
Solvency-16.9%below the sector's middle half▲ 69.5pp29.0%within the sector's middle half▲ 45.9pp11.0%below the sector's middle half▼ 18.0pp32.4%within the sector's middle half▲ 21.4pp14.0%below the sector's middle half▼ 18.4pp
Current ratio0.46below the sector's middle half▲ 0.270.85below the sector's middle half▲ 0.390.61below the sector's middle half▼ 0.241.29within the sector's middle half▲ 0.680.78below the sector's middle half▼ 0.51
Return on assets (ROA)33.1%above the sector's middle half▲ 25.9pp50.3%above the sector's middle half▲ 17.2pp-6.0%below the sector's middle half▼ 56.3pp21.4%above the sector's middle half▲ 27.4pp-10.7%below the sector's middle half▼ 32.1pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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 turns negative in 2024: a loss of €8,628 after €21,597 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89,310
Fixed assets
€62,071 ▲ 56.4%
Current assets
€27,240 ▼ 4.0%
Equity and liabilities €89,310
Equity
€12,520 ▼ 43.2%
Debt
€76,790 ▲ 66.9%
Debt's share of the balance-sheet total rises from 67.6% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,464▼
2023 · €32,704
Cash flow
€6,552▼
2023 · €25,680
Debt to equity
6.13▲
2023 · 2.09
ROE
-76.2%▼
2023 · 66.1%
Interest coverage
2.35▼
2023 · 11.40
Debt ≤ 1 year
€34,939▲
2023 · €22,076
Debt > 1 year
€41,851▲
2023 · €23,937
Income taxes
€390▼
2023 · €4,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,338 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% | 1.9% |
| 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 1,133 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,183 | €8,816 | €4,930 | €11,108 | €16,092 | ▲ 44.9% |
| Other operating charges640/8 | - | €638 | €611 | €1,454 | €1,665 | ▲ 14.5% |
| Non-recurring operating charges66A | - | - | €839 | - | - | - |
| Gross operating margin9900 | €26,607 | €30,675 | €4,988 | €34,158 | €9,129 | ▼ 73.3% |
| Operating profit (loss)9901 | €17,732 | €21,221 | -€1,391 | €21,597 | -€8,628 | ▼ 140% |
| Financial income75/76B | - | - | - | €0 | €2,648 | ▲ 2,647,680% |
| Recurring financial income75 | €4 | - | - | €0 | €2,648 | ▲ 2,647,680% |
| Financial charges65/66B | - | €977 | €2,567 | €2,869 | €3,170 | ▲ 10.5% |
| Recurring financial charges65 | €1,002 | €977 | €2,567 | €2,869 | €3,170 | ▲ 10.5% |
| Profit (loss) for the period before taxes9903 | €16,733 | €20,245 | -€3,958 | €18,728 | -€9,150 | ▼ 149% |
| Income taxes67/77 | - | €117 | €154 | €4,156 | €390 | ▼ 90.6% |
| Profit (loss) for the period9904 | €16,733 | €20,128 | -€4,112 | €14,572 | -€9,540 | ▼ 165% |
| Profit (loss) for the period to be appropriated9905 | €16,733 | €20,128 | -€4,112 | €14,572 | -€9,540 | ▼ 165% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,572 | €40,011 | €68,097 | €68,074 | €89,310 | ▲ 31.2% |
| Fixed assets21/28 | €24,680 | €15,864 | €50,794 | €39,686 | €62,071 | ▲ 56.4% |
| Tangible fixed assets22/27 | €24,680 | €15,864 | €50,794 | €39,686 | €62,071 | ▲ 56.4% |
| Plant, machinery and equipment23 | - | €1,824 | €2,474 | €1,832 | €1,191 | ▼ 35.0% |
| Furniture and vehicles24 | - | €11,246 | €4,504 | €3,320 | €35,627 | ▲ 973% |
| Leasing and similar rights25 | - | €2,793 | €43,816 | €34,534 | €25,252 | ▼ 26.9% |
| Current assets29/58 | €25,891 | €24,147 | €17,303 | €28,387 | €27,240 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €12,594 | €21,117 | €13,379 | €21,370 | €14,932 | ▼ 30.1% |
| Trade receivables40 | - | €20,897 | €9,479 | €13,315 | €7,582 | ▼ 43.1% |
| Other amounts receivable41 | - | €221 | €3,900 | €8,055 | €7,351 | ▼ 8.7% |
| Cash at bank and in hand54/58 | €13,297 | €3,029 | €2,801 | €7,017 | €12,307 | ▲ 75.4% |
| Deferred charges and accrued income490/1 | - | - | €1,123 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,572 | €40,011 | €68,097 | €68,074 | €89,310 | ▲ 31.2% |
| Equity10/15 | -€8,527 | €11,601 | €7,489 | €22,060 | €12,520 | ▼ 43.2% |
| Contributions10/11 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Profit (loss) carried forward14 | -€29,527 | -€9,399 | -€13,511 | €1,060 | -€8,480 | ▼ 900% |
| Amounts payable17/49 | €59,099 | €28,410 | €60,608 | €46,013 | €76,790 | ▲ 66.9% |
| Amounts payable after more than one year17 | €2,898 | - | €32,156 | €23,937 | €41,851 | ▲ 74.8% |
| Financial debts170/4 | - | - | €32,156 | €23,937 | €41,851 | ▲ 74.8% |
| Amounts payable within one year42/48 | €56,103 | €28,410 | €28,453 | €22,076 | €34,939 | ▲ 58.3% |
| Current portion of amounts payable after more than one year42 | - | €5,398 | €7,835 | €8,218 | €15,425 | ▲ 87.7% |
| Trade debts44 | €20,489 | €11,917 | €7,372 | €2,225 | €501 | ▼ 77.5% |
| Suppliers440/4 | - | €11,917 | €7,372 | €2,225 | €501 | ▼ 77.5% |
| Taxes, remuneration and social security45 | - | €9,987 | €12,138 | €11,633 | €19,013 | ▲ 63.4% |
| Taxes450/3 | - | €9,987 | €9,638 | €11,633 | €15,042 | ▲ 29.3% |
| Remuneration and social security454/9 | - | - | €2,500 | - | €3,971 | - |
| Other amounts payable47/48 | - | €1,108 | €1,108 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,733 | €20,128 | -€4,112 | €14,572 | -€9,540 | ▼ 165% |
| + Depreciation and write-downs630 | €5,183 | €8,816 | €4,930 | €11,108 | €16,092 | ▲ 44.9% |
| Operating cash flow (approximation) | €21,916 | €28,944 | €818 | €25,680 | €6,552 | ▼ 74.5% |
| Investment in fixed assets (approximation) | - | €0 | -€39,859 | €0 | -€38,477 | - |
| Change in cash | - | -€10,268 | -€228 | €4,216 | €5,290 | ▲ 25.5% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €14,572
Net result €14,572 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.29
Current ratio from 0.61 to 1.29; short-term debt falls from €28,453 to €22,076.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €20,128 ▲20.3%
Net result €20,128, the highest in the series.
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 137 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Back to profitnet €2,103
Net result €2,103 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial 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, Stavelot · 1 establishment unit since 2017
Ground area
1,067 m²
Building footprint
97 m²
Volume, LiDAR
581 m³
Parcel 63027E0394/00F000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MECAPLAST
since 20172.270.113.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027E0394/00F000 | Wallonia | 1,067 m² | 1 · 97 m² | 7.3 m · 2 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 3,462 companies in sector 25530 we hold annual accounts for 1,655. 559 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
Founded17-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
22120Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
25401Forging of metal
25631Manufacture of fabricated metal products, except machinery and equipment
25639Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684808320
Also
9925:BE0684808320
Registered
06-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.