MECAPREC
ActiveSummary
MECAPREC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,319 and a net result of -€1,168. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-84
Solvency44▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.25 in 2024; short-term debt: 80.7% and cash: 53.4% of total assets), and 80.7% of the assets are financed with debt.
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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
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 2025Solvency, return and age of the figures
Solvency
19.3%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
24 d early
2023
54 d early
2022
12 d early
2021
31 d early
2020
12 d late
2019
35 d early
← 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 29 days before 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Oupeye, Manufacturing sector
Turnover
€4,000
EBIT margin
408.5%
Net result
-€1,168
2024 · €16,019
Working capital
€12,018▼ 6.0%
2024 · €12,786
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
Line20212022202320242025
Turnover€4,000
Operating result-€5,538▼ 104%-€8,519▼ 53.8%-€3,941▲ 53.7%€16,339-€987
Net result-€6,138below the sector's middle half▼ 103%-€9,009below the sector's middle half▼ 46.8%-€4,357below the sector's middle half▲ 51.6%€16,019within the sector's middle half-€1,168below the sector's middle half
EBIT margin408.5%
Equity€10,834below the sector's middle half▼ 36.2%€1,825below the sector's middle half▼ 83.2%-€2,532below the sector's middle half€13,487below the sector's middle half€12,319below the sector's middle half▼ 8.7%
Total assets€82,705below the sector's middle half▼ 3.4%€70,097below the sector's middle half▼ 15.2%€67,271below the sector's middle half▼ 4.0%€64,154below the sector's middle half▼ 4.6%€63,700below the sector's middle half▼ 0.7%
Debt€71,871▲ 4.7%€68,273▼ 5.0%€69,804▲ 2.2%€50,666▼ 27.4%€51,381▲ 1.4%
Working capital€21,233▼ 25.4%€12,623▼ 40.5%€8,666▼ 31.3%€12,786▲ 47.5%€12,018▼ 6.0%
Solvency13.1%below the sector's middle half▼ 6.7pp2.6%below the sector's middle half▼ 10.5pp-3.8%below the sector's middle half▼ 6.4pp21.0%below the sector's middle half▲ 24.8pp19.3%below the sector's middle half▼ 1.7pp
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 2025: a loss of €987 after €16,339 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,700
Fixed assets
€301 ▼ 57.0%
Current assets
€63,398 ▼ 0.1%
Equity and liabilities €63,700
Equity
€12,319 ▼ 8.7%
Debt
€51,381 ▲ 1.4%
Debt's share of the balance-sheet total rises from 79.0% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€587▼
2024 · €16,739
Cash flow
-€768▼
2024 · €16,419
Current ratio
1.23▼
2024 · 1.25
Debt to equity
4.17▲
2024 · 3.76
ROE
-9.5%▼
2024 · 118.8%
ROA
-1.8%▼
2024 · 25.0%
Interest coverage
-1.57▼
2024 · 45.44
Debt ≤ 1 year
€51,381▲
2024 · €50,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,448 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 | - | - | - | €4,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €4,796 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €899 | €400 | €400 | €400 | €400 | = |
| Other operating charges640/8 | €1,437 | €710 | €394 | €344 | €1,694 | ▲ 393% |
| Gross operating margin9900 | -€3,202 | -€7,410 | -€3,148 | €17,082 | €1,107 | ▼ 93.5% |
| Operating profit (loss)9901 | -€5,538 | -€8,519 | -€3,941 | €16,339 | -€987 | ▼ 106% |
| Financial income75/76B | €1 | €1 | €4 | €70 | €192 | ▲ 174% |
| Recurring financial income75 | €1 | €1 | €4 | €70 | €192 | ▲ 174% |
| Financial charges65/66B | €601 | €491 | €419 | €368 | €373 | ▲ 1.2% |
| Recurring financial charges65 | €601 | €491 | €419 | €368 | €373 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€6,138 | -€9,009 | -€4,357 | €16,040 | -€1,168 | ▼ 107% |
| Income taxes67/77 | €0 | €0 | - | €21 | - | - |
| Profit (loss) for the period9904 | -€6,138 | -€9,009 | -€4,357 | €16,019 | -€1,168 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€6,138 | -€9,009 | -€4,357 | €16,019 | -€1,168 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,705 | €70,097 | €67,271 | €64,154 | €63,700 | ▼ 0.7% |
| Fixed assets21/28 | €1,901 | €1,501 | €1,101 | €701 | €301 | ▼ 57.0% |
| Tangible fixed assets22/27 | €1,901 | €1,501 | €1,101 | €701 | €301 | ▼ 57.0% |
| Furniture and vehicles24 | €1,901 | €1,501 | €1,101 | €701 | €301 | ▼ 57.0% |
| Current assets29/58 | €80,803 | €68,596 | €66,170 | €63,452 | €63,398 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €1,629 | €2,452 | €3,343 | €2,004 | €2,760 | ▲ 37.7% |
| Trade receivables40 | - | - | €1,210 | - | €1,210 | - |
| Other amounts receivable41 | €1,629 | €2,452 | €2,133 | €2,004 | €1,550 | ▼ 22.7% |
| Current investments50/53 | €25,586 | €25,579 | €25,583 | €25,632 | €25,766 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €52,489 | €40,564 | €37,244 | €35,817 | €34,043 | ▼ 5.0% |
| Deferred charges and accrued income490/1 | €1,100 | - | - | - | €829 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,705 | €70,097 | €67,271 | €64,154 | €63,700 | ▼ 0.7% |
| Equity10/15 | €10,834 | €1,825 | -€2,532 | €13,487 | €12,319 | ▼ 8.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€9,617 | -€18,627 | -€22,983 | -€6,964 | -€8,132 | ▼ 16.8% |
| Amounts payable17/49 | €71,871 | €68,273 | €69,804 | €50,666 | €51,381 | ▲ 1.4% |
| Amounts payable within one year42/48 | €59,571 | €55,973 | €57,504 | €50,666 | €51,381 | ▲ 1.4% |
| Trade debts44 | €1,433 | €55 | €1,514 | €255 | €494 | ▲ 94.2% |
| Suppliers440/4 | €1,433 | €55 | €1,514 | €255 | €494 | ▲ 94.2% |
| Advances received on contracts in progress46 | €5,578 | €5,578 | €5,578 | - | - | - |
| Other amounts payable47/48 | €52,560 | €50,340 | €50,412 | €50,412 | €50,886 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | €12,300 | €12,300 | €12,300 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,138 | -€9,009 | -€4,357 | €16,019 | -€1,168 | ▼ 107% |
| + Depreciation and write-downs630 | €899 | €400 | €400 | €400 | €400 | = |
| Operating cash flow (approximation) | -€5,239 | -€8,609 | -€3,957 | €16,419 | -€768 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,925 | -€3,320 | -€1,428 | -€1,773 | ▼ 24.2% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16,019
Net result €16,019 after 6 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€9,009
Net result drops to -€9,009, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Oupeye · 1 establishment unit since 1983
Ground area
1,751 m²
Building footprint
217 m²
Volume, LiDAR
1,856 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Boyou 48, 4682 Oupeye
since 19832.037.490.245
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62052A0072/00R003 | Wallonia | 1,274 m² | 1 · 123 m² | 10.2 m · 3 fl. |
| 62052A0071/00N000 | Wallonia | 477 m² | 1 · 95 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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. 557 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
Founded01-10-1983
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424812191
Registered
23-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.