MECASEAT
ActiveSummary
MECASEAT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.5m and a net result of -€322,920. Equity is shrinking by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 3267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+11
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 26.28 against 2.96 in 2024; short-term debt: 2.2% and cash: 22.8% of total assets), and 2.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
97.7%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€322,920
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
34 d early
2022
33 d early
2021
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#5 company by equity in Wevelgem, Professional and technical services sector#6 company by total assets in Wevelgem, Professional and technical services sector#9 oldest company in Wevelgem, Professional and technical services sector
Turnover
€99,435▼ 17.1%
2024 · €120,000
EBIT margin
-562.9%▲ 181.9pp
2024 · -744.8%
Net result
-€322,920▲ 90.6%
2024 · -€3.4m
Working capital
€8.1m▲ 2.2%
2024 · €7.9m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€931,810▼ 0.7%€142,800▼ 84.7%€130,650▼ 8.5%€120,000▼ 8.2%€99,435▼ 17.1%
Operating result-€530,476-€816,219▼ 53.9%-€875,128▼ 7.2%-€893,790▼ 2.1%-€559,754▲ 37.4%
Net result€11.3mabove the sector's middle half▲ 594%€5.3mabove the sector's middle half▼ 53.4%€199,896within the sector's middle half▼ 96.2%-€3.4mbelow the sector's middle half-€322,920below the sector's middle half▲ 90.6%
EBIT margin-56.9%▼ 71.3pp-571.6%▼ 514.7pp-669.8%▼ 98.2pp-744.8%▼ 75.0pp-562.9%▲ 181.9pp
Equity€46.9mabove the sector's middle half▼ 8.1%€36.7mabove the sector's middle half▼ 21.6%€21.9mabove the sector's middle half▼ 40.3%€14.8mabove the sector's middle half▼ 32.6%€14.5mabove the sector's middle half▼ 2.2%
Total assets€63.1mabove the sector's middle half▲ 12.5%€52.5mabove the sector's middle half▼ 16.8%€37.3mabove the sector's middle half▼ 29.0%€18.9mabove the sector's middle half▼ 49.4%€14.8mabove the sector's middle half▼ 21.4%
Debt€16.2m▲ 219%€15.8m▼ 2.8%€15.3m▼ 2.9%€4.0m▼ 73.6%€328,335▼ 91.9%
Working capital€36.7mabove the sector's middle half▲ 35.0%€26.5mabove the sector's middle half▼ 27.8%€11.7mabove the sector's middle half▼ 55.7%€7.9mabove the sector's middle half▼ 32.6%€8.1mabove the sector's middle half▲ 2.2%
Solvency74.3%within the sector's middle half▼ 16.6pp69.9%within the sector's middle half▼ 4.3pp58.9%within the sector's middle half▼ 11.1pp78.5%above the sector's middle half▲ 19.6pp97.7%above the sector's middle half▲ 19.2pp
Current ratio3.26above the sector's middle half▼ 3.092.68within the sector's middle half▼ 0.581.77within the sector's middle half▼ 0.922.96within the sector's middle half▲ 1.1926.28above the sector's middle half▲ 23.32
Return on assets (ROA)17.8%above the sector's middle half▲ 14.9pp10.0%within the sector's middle half▼ 7.8pp0.5%within the sector's middle half▼ 9.5pp-18.3%below the sector's middle half▼ 18.8pp-2.2%below the sector's middle half▲ 16.1pp
Staff (FTE)1.6within the sector's middle half▼ 5.9%1.6within the sector's middle half=1.4within the sector's middle half▼ 12.5%1.3within the sector's middle half▼ 7.1%0.8within the sector's middle half▼ 38.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €559,754 in 2025 against €893,790 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.8m
Fixed assets
€6.4m ▼ 7.2%
Current assets
€8.4m ▼ 29.7%
Equity and liabilities €14.8m
Equity
€14.5m ▼ 2.2%
Provisions
€15,000 =
Debt
€328,335 ▼ 91.9%
Debt's share of the balance-sheet total falls from 21.5% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€557,554▲
2024 · -€868,280
Cash flow
-€320,720▲
2024 · -€3.4m
Debt to equity
0.02▼
2024 · 0.27
ROE
-2.2%▲
2024 · -23.3%
Interest coverage
-154.46▼
2024 · -1.98
Debt ≤ 1 year
€319,768▼
2024 · €4.0m
Income taxes
€974▼
2024 · €1,836
Staff costs
€132,568▼
2024 · €163,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
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 0.1% 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 497,341 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% | 1.8% |
| 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 12,321 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.0m | €263,459 | €195,221 | €194,547 | €209,558 | ▲ 7.7% |
| Turnover70 | €931,810 | €142,800 | €130,650 | €120,000 | €99,435 | ▼ 17.1% |
| Other operating income74 | €90,407 | €91,733 | €64,571 | €74,547 | €110,123 | ▲ 47.7% |
| Non-recurring operating income76A | - | €28,926 | - | - | - | - |
| Operating charges60/66A | €1.6m | €1.1m | €1.1m | €1.1m | €769,312 | ▼ 29.3% |
| Services and other goods61 | €1.3m | €842,902 | €866,429 | €892,301 | €624,021 | ▼ 30.1% |
| Remuneration, social security and pensions62 | €194,332 | €190,185 | €172,829 | €163,075 | €132,568 | ▼ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,370 | €23,872 | €23,871 | €25,510 | €2,200 | ▼ 91.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,042 | - |
| Other operating charges640/8 | €16,213 | €22,719 | €7,220 | €7,451 | €9,481 | ▲ 27.2% |
| Operating profit (loss)9901 | -€530,476 | -€816,219 | -€875,128 | -€893,790 | -€559,754 | ▲ 37.4% |
| Financial income75/76B | €13.0m | €7.9m | €801,446 | €1.2m | €776,344 | ▼ 34.6% |
| Recurring financial income75 | €4.6m | €7.9m | €801,446 | €1.2m | €386,039 | ▼ 67.5% |
| Income from financial fixed assets750 | €4.0m | €7.7m | - | €500,000 | - | - |
| Income from current assets751 | €84,132 | €177,286 | €799,515 | €561,874 | €285,686 | ▼ 49.2% |
| Other financial income752/9 | €477,349 | - | €1,931 | €124,785 | €100,353 | ▼ 19.6% |
| Non-recurring financial income76B | €8.5m | - | - | - | €390,305 | - |
| Financial charges65/66B | €1.2m | €1.8m | -€274,620 | €3.7m | €538,536 | ▼ 85.6% |
| Recurring financial charges65 | €156,892 | €1.8m | -€274,620 | €437,434 | €38,536 | ▼ 91.2% |
| Debt charges650 | €69,886 | €71,759 | - | - | €3,610 | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €46,756 | €412,482 | -€339,127 | €394,225 | €1,954 | ▼ 99.5% |
| Other financial charges652/9 | €40,250 | €1.3m | €64,507 | €43,209 | €32,973 | ▼ 23.7% |
| Non-recurring financial charges66B | €1.1m | - | - | €3.3m | €500,000 | ▼ 84.8% |
| Profit (loss) for the period before taxes9903 | €11.3m | €5.3m | €200,939 | -€3.4m | -€321,946 | ▲ 90.6% |
| Income taxes67/77 | €8,616 | €1,044 | €1,042 | €1,836 | €974 | ▼ 47.0% |
| Taxes670/3 | €8,616 | €1,044 | €1,042 | €1,836 | €974 | ▼ 47.0% |
| Profit (loss) for the period9904 | €11.3m | €5.3m | €199,896 | -€3.4m | -€322,920 | ▲ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €11.3m | €5.3m | €199,896 | -€3.4m | -€322,920 | ▲ 90.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63.1m | €52.5m | €37.3m | €18.9m | €14.8m | ▼ 21.4% |
| Fixed assets21/28 | €10.2m | €10.2m | €10.2m | €6.9m | €6.4m | ▼ 7.2% |
| Intangible fixed assets21 | - | - | - | €6,800 | €9,600 | ▲ 41.2% |
| Tangible fixed assets22/27 | €746 | €47,682 | €23,810 | - | - | - |
| Furniture and vehicles24 | €746 | €47,682 | €23,810 | - | - | - |
| Financial fixed assets28 | €10.2m | €10.2m | €10.2m | €6.9m | €6.4m | ▼ 7.2% |
| Affiliated companies280/1 | €10.2m | €10.2m | €10.2m | €6.9m | €6.4m | ▼ 7.2% |
| Participating interests280 | €10.2m | €10.2m | €10.2m | €6.9m | €6.4m | ▼ 7.2% |
| Current assets29/58 | €52.9m | €42.3m | €27.0m | €11.9m | €8.4m | ▼ 29.7% |
| Amounts receivable within one year40/41 | €991,056 | €913,197 | €857,100 | €468,423 | €95,441 | ▼ 79.6% |
| Trade receivables40 | €149,450 | €28,798 | €31,468 | €29,965 | €871 | ▼ 97.1% |
| Other amounts receivable41 | €841,606 | €884,399 | €825,632 | €438,458 | €94,570 | ▼ 78.4% |
| Current investments50/53 | €9.5m | €34.3m | €25.7m | €10.5m | €4.9m | ▼ 53.2% |
| Own shares50 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Other investments51/53 | €8.4m | €33.2m | €24.6m | €9.4m | €3.8m | ▼ 59.3% |
| Cash at bank and in hand54/58 | €42.5m | €7.1m | €301,442 | €902,611 | €3.4m | ▲ 274% |
| Deferred charges and accrued income490/1 | €5,332 | €33,408 | €177,879 | €57,549 | €9,131 | ▼ 84.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63.1m | €52.5m | €37.3m | €18.9m | €14.8m | ▼ 21.4% |
| Equity10/15 | €46.9m | €36.7m | €21.9m | €14.8m | €14.5m | ▼ 2.2% |
| Contributions10/11 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Issued capital100 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | €42.5m | €32.3m | €17.5m | €10.4m | €10.1m | ▼ 3.1% |
| Non-distributable reserves130/1 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Legal reserve130 | €441,984 | €441,984 | €441,984 | €441,984 | €441,984 | = |
| Own shares acquired1312 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Distributable reserves133 | €40.9m | €30.8m | €16.0m | €8.8m | €8.5m | ▼ 3.7% |
| Provisions and deferred taxes16 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Provisions for liabilities and charges160/5 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Other liabilities and charges164/5 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Amounts payable17/49 | €16.2m | €15.8m | €15.3m | €4.0m | €328,335 | ▼ 91.9% |
| Amounts payable within one year42/48 | €16.2m | €15.8m | €15.3m | €4.0m | €319,768 | ▼ 92.1% |
| Trade debts44 | €758,026 | €76,207 | €29,130 | €69,543 | €51,342 | ▼ 26.2% |
| Suppliers440/4 | €758,026 | €76,207 | €29,130 | €69,543 | €51,342 | ▼ 26.2% |
| Taxes, remuneration and social security45 | €59,591 | €42,655 | €39,216 | €27,921 | €28,929 | ▲ 3.6% |
| Taxes450/3 | €26,955 | €7,879 | €8,493 | - | €11,655 | - |
| Remuneration and social security454/9 | €32,635 | €34,776 | €30,723 | €27,921 | €17,274 | ▼ 38.1% |
| Other amounts payable47/48 | €15.4m | €15.6m | €15.2m | €3.9m | €239,497 | ▼ 93.9% |
| Accrued charges and deferred income492/3 | €9,552 | €6,875 | €7,132 | €8,333 | €8,567 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11.3m | €5.3m | €199,896 | -€3.4m | -€322,920 | ▲ 90.6% |
| + Depreciation and write-downs630 | €17,370 | €23,872 | €23,871 | €25,510 | €2,200 | ▼ 91.4% |
| Operating cash flow (approximation) | €11.3m | €5.3m | €223,767 | -€3.4m | -€320,720 | ▲ 90.6% |
| Investment in fixed assets (approximation) | - | -€70,808 | €0 | €3.3m | €495,000 | ▼ 84.9% |
| Change in cash | - | -€35.4m | -€6.8m | €601,169 | €2.5m | ▲ 311% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 9current ratio 26.28
Current ratio from 2.96 to 26.28; short-term debt falls from €4.0m to €319,768.
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €11.3m ▲594%
Net result €11.3m, the highest in the series.
Show earlier events
2020
31-12
Financial
Back to profitnet €1.6m
Net result €1.6m after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€10.9m
Net result drops to -€10.9m, the lowest in the series; recovery starts the following year.
05-07
State Gazette act
General meeting · Board meeting
Director resignation · Permanent representative
19-06
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2014
22-05
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
22-05
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
No directors read yet: 0 of 15 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1988
Ground area
7.6 ha
Building footprint
4.4 ha
Volume, LiDAR
357,432 m³
Parcel 34041C0795/00W000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Vlamingstraat 7, 8560 Wevelgem
since 19882.040.203.077
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0795/00W000 | Flanders | 7.6 ha | 1 · 4.4 ha | 13.8 m · 3 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.
Structure & network
Owners and holdings
4 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 4
-
100%
- Société de Participation en Mobilier de CollectivitésFRsubsidiarySourceown accounts 2025Equity €120,944Result €37,57299.98%
-
99.87%
-
0.01%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
SEDAC - MECOBEL 100%1 subsidiary
- Semepol Spolka z.o.o.PL 60%
- Société de Participation en Mobilier de CollectivitésFR 99.98%
- S.N.Meral S.A.FR 99.87%
According to the 2025 annual accounts of MECASEAT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Director
Shareholding
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Linked via shared directors
LJB MANAGEMENT
Shared director
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
875500J5Z83W581BX730
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BE 0788.417.186
Kortemark · Eq €14,491,786
Of 82,601 companies in this sector we hold annual accounts for 52,629. 5,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded27-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434927412
Also
9925:BE0434927412
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.