MECAREF
ActiveSummary
MECAREF has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472k and a net result of €97k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 5.79 in 2024; short-term debt: 18.3% and cash: 88.9% of total assets), and 18.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
81.7%
Return on assets
16.8%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-05-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
44 d early
2023
62 d early
2022
56 d early
2021
60 d early
2020
65 d early
2019
59 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€472k▲ 11.0%
2024 · €425k
2018: €35klowest in 8 years
2019: €76k▲ +115% vs 2018
2020: €127k▲ +67.0% vs 2019
2021: €219k▲ +72.1% vs 2020
2022: €285k▲ +30.0% vs 2021
2023: €376k▲ +32.0% vs 2022
2024: €425k▲ +13.0% vs 2023
2025: €472k▲ +11.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€578k▲ 13.1%
2024 · €511k
2018: €134k
2019: €129k▼ -3.9% vs 2018lowest in 8 years
2020: €198k▲ +52.9% vs 2019
2021: €301k▲ +52.4% vs 2020
2022: €370k▲ +22.8% vs 2021
2023: €487k▲ +31.8% vs 2022
2024: €511k▲ +4.9% vs 2023
2025: €578k▲ +13.1% vs 2024highest in 8 years
2018 → 2025
Net result
€97k▲ 3.0%
2024 · €94k
2018: €71k
2019: €69k▼ -3.6% vs 2018lowest in 8 years
2020: €81k▲ +17.9% vs 2019
2021: €122k▲ +50.3% vs 2020
2022: €106k▼ -13.1% vs 2021
2023: €130k▲ +22.8% vs 2022highest in 8 years
2024: €94k▼ -27.7% vs 2023
2025: €97k▲ +3.0% vs 2024
2018 → 2025
Working capital
€446k▲ 8.5%
2024 · €411k
2018: €25klowest in 8 years
2019: €67k▲ +166% vs 2018
2020: €127k▲ +88.3% vs 2019
2021: €210k▲ +65.4% vs 2020
2022: €263k▲ +25.2% vs 2021
2023: €360k▲ +36.8% vs 2022
2024: €411k▲ +14.4% vs 2023
2025: €446k▲ +8.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€285k▲ 30.0%€376k▲ 32.0%€425k▲ 13.0%€472k▲ 11.0%
2021: €219klowest in 5 years
2022: €285k▲ +30.0% vs 2021
2023: €376k▲ +32.0% vs 2022
2024: €425k▲ +13.0% vs 2023
2025: €472k▲ +11.0% vs 2024highest in 5 years
Operating result€170k-€145k▼ 14.8%€185k▲ 27.4%€135k▼ 27.2%€137k▲ 1.9%
2021: €170k
2022: €145k▼ -14.8% vs 2021
2023: €185k▲ +27.4% vs 2022highest in 5 years
2024: €135k▼ -27.2% vs 2023lowest in 5 years
2025: €137k▲ +1.9% vs 2024
Net result€122k-€106k▼ 13.1%€130k▲ 22.8%€94k▼ 27.7%€97k▲ 3.0%
2021: €122k
2022: €106k▼ -13.1% vs 2021
2023: €130k▲ +22.8% vs 2022highest in 5 years
2024: €94k▼ -27.7% vs 2023lowest in 5 years
2025: €97k▲ +3.0% vs 2024
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 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €578k
Fixed assets
€26k ▲ 86.6%
Current assets
€552k ▲ 11.0%
Equity and liabilities €578k
Equity
€472k ▲ 11.0%
Debt
€106k ▲ 23.3%
Debt's share of the balance-sheet total rises from 16.8% to 18.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▲
2024 · €139k
Cash flow
€100k▲
2024 · €98k
Current ratio
5.21▼
2024 · 5.79
Debt to equity
0.22▲
2024 · 0.20
ROE
20.5%▼
2024 · 22.1%
ROA
16.8%▼
2024 · 18.4%
Interest coverage
120.74▲
2024 · 97.98
Debt ≤ 1 year
€106k▲
2024 · €86k
Income taxes
€39k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€511k€578k▲
Fixed assets21/28€14k€26k▲
Tangible fixed assets22/27€13k€25k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€1k€15k▲
Other tangible fixed assets26€10k€9k▼
Financial fixed assets28€700€700=
Current assets29/58€497k€552k▲
Amounts receivable within one year40/41€79k€27k▼
Trade receivables40€73k€21k▼
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€410k€514k▲
Deferred charges and accrued income490/1€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€511k€578k▲
Equity10/15€425k€472k▲
Contributions10/11€20k€20k=
Reserves13€392k€437k▲
Distributable reserves133€392k€437k▲
Profit (loss) carried forward14€13k€15k▲
Amounts payable17/49€86k€106k▲
Amounts payable within one year42/48€86k€106k▲
Trade debts44€313€2k▲
Suppliers440/4€313€2k▲
Taxes, remuneration and social security45€33k€35k▲
Taxes450/3€33k€35k▲
Other amounts payable47/48€52k€69k▲
Income statement
Code20242025
Non-recurring operating income76A-€15k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€144k€145k▲
Operating profit (loss)9901€135k€137k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€133k€136k▲
Income taxes67/77€39k€39k▲
Profit (loss) for the period9904€94k€97k▲
Profit (loss) for the period to be appropriated9905€94k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€110k▲
Profit (loss) brought forward from the previous period14P€9k€13k▲
Transfer from equity791/2€45k€50k▲
Transfer to equity691/2€90k€95k▲
To other reserves6921€90k€95k▲
Profit to be distributed694/7€45k€50k▲
Return on contributions (dividend)694€45k€50k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8k | - | - | - | €15k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €6k | €4k | €3k | ▼ 21.9% |
| Other operating charges640/8 | €5k | €2k | €4k | €5k | €4k | ▼ 6.6% |
| Gross operating margin9900 | €178k | €152k | €194k | €144k | €145k | ▲ 0.9% |
| Operating profit (loss)9901 | €170k | €145k | €185k | €135k | €137k | ▲ 1.9% |
| Financial charges65/66B | €332 | €2k | €2k | €1k | €1k | ▼ 17.9% |
| Recurring financial charges65 | €332 | €2k | €2k | €1k | €1k | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €170k | €143k | €183k | €133k | €136k | ▲ 2.1% |
| Income taxes67/77 | €48k | €38k | €53k | €39k | €39k | ▲ 0.1% |
| Profit (loss) for the period9904 | €122k | €106k | €130k | €94k | €97k | ▲ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €122k | €106k | €130k | €94k | €97k | ▲ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301k | €370k | €487k | €511k | €578k | ▲ 13.1% |
| Fixed assets21/28 | €9k | €22k | €16k | €14k | €26k | ▲ 86.6% |
| Tangible fixed assets22/27 | €9k | €21k | €16k | €13k | €25k | ▲ 91.2% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €1k | ▼ 13.7% |
| Furniture and vehicles24 | €9k | €6k | €2k | €1k | €15k | ▲ 949% |
| Other tangible fixed assets26 | - | €13k | €12k | €10k | €9k | ▼ 13.9% |
| Financial fixed assets28 | - | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €292k | €348k | €471k | €497k | €552k | ▲ 11.0% |
| Amounts receivable within one year40/41 | €109k | €47k | €92k | €79k | €27k | ▼ 65.7% |
| Trade receivables40 | €109k | €47k | €92k | €73k | €21k | ▼ 71.9% |
| Other amounts receivable41 | - | - | - | €6k | €7k | ▲ 13.1% |
| Cash at bank and in hand54/58 | €180k | €294k | €373k | €410k | €514k | ▲ 25.4% |
| Deferred charges and accrued income490/1 | €3k | €7k | €6k | €8k | €11k | ▲ 33.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301k | €370k | €487k | €511k | €578k | ▲ 13.1% |
| Equity10/15 | €219k | €285k | €376k | €425k | €472k | ▲ 11.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €196k | €256k | €347k | €392k | €437k | ▲ 11.5% |
| Non-distributable reserves130/1 | €5k | - | - | - | - | - |
| Reserves not available under the articles1311 | €5k | - | - | - | - | - |
| Distributable reserves133 | €191k | €256k | €347k | €392k | €437k | ▲ 11.5% |
| Profit (loss) carried forward14 | €3k | €9k | €9k | €13k | €15k | ▲ 13.8% |
| Amounts payable17/49 | €82k | €85k | €111k | €86k | €106k | ▲ 23.3% |
| Amounts payable within one year42/48 | €82k | €85k | €111k | €86k | €106k | ▲ 23.3% |
| Trade debts44 | €2k | €1k | €980 | €313 | €2k | ▲ 509% |
| Suppliers440/4 | €2k | €1k | €980 | €313 | €2k | ▲ 509% |
| Taxes, remuneration and social security45 | €49k | €36k | €66k | €33k | €35k | ▲ 6.4% |
| Taxes450/3 | €49k | €36k | €66k | €33k | €35k | ▲ 6.4% |
| Other amounts payable47/48 | €31k | €48k | €44k | €52k | €69k | ▲ 31.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122k | €106k | €130k | €94k | €97k | ▲ 3.0% |
| + Depreciation and write-downs630 | €2k | €5k | €6k | €4k | €3k | ▼ 21.9% |
| Operating cash flow (approximation) | €124k | €111k | €136k | €98k | €100k | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | €-18k | €0 | €-2k | €-15k | ▼ 871% |
| Change in cash | - | €114k | €79k | €37k | €104k | ▲ 179% |
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
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €130k ▲22.8%
Operating result €185k, net result €130k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €219k ▲72.1%
4 profitable years in a row build equity to €219k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €127k ▲67%
3 profitable years in a row build equity to €127k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €69k ▼3.6%
Net result drops to €69k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Yvoir · 1 establishment unit since 2010
Ground area
3,590 m²
Building footprint
472 m²
Volume, LiDAR
2,048 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MECAREF
since 20102.185.400.102
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91382D0032/00L000 | Wallonia | 2,765 m² | 1 · 348 m² | 6.1 m · 1 fl. |
| 91005A0248/00Z000 | Wallonia | 825 m² | 1 · 124 m² | 7.3 m · 2 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,637 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
Founded21-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.