MECASEB
ActiveSummary
The annual accounts of MECASEB for fiscal year 2024 show a net loss of 65% of the equity at the start of that year. The 2024 annual accounts show equity of €45,067 and a net result of -€83,718. Equity remains stable across the filed fiscal years (±1.2% per year). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-13
Solvency45▼-34
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.26 against 2.19 in 2023; short-term debt: 79.5% and cash: 0.8% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
20.5%
Return on assets
-38%
Age of the figures
21 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
47 d late
2023
41 d late
2022
64 d late
2021
30 d late
2020
24 d late
2019
on the day
← 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 25 days after the deadline; the sector median for financial year 2024 is 11 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 11 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€83,718▼ 263%
2023 · -€23,058
Working capital
€44,947▼ 65.1%
2023 · €128,665
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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-€12,319€45,141€17,278▼ 61.7%-€18,326-€76,724▼ 319%
Net result-€25,100below the sector's middle half€33,991within the sector's middle half€7,954within the sector's middle half▼ 76.6%-€23,058below the sector's middle half-€83,718below the sector's middle half▼ 263%
Equity€109,898within the sector's middle half▼ 18.6%€143,890within the sector's middle half▲ 30.9%€151,843within the sector's middle half▲ 5.5%€128,785within the sector's middle half▼ 15.2%€45,067within the sector's middle half▼ 65.0%
Total assets€205,284within the sector's middle half▼ 31.2%€203,698within the sector's middle half▼ 0.8%€208,801within the sector's middle half▲ 2.5%€236,997within the sector's middle half▲ 13.5%€220,073within the sector's middle half▼ 7.1%
Debt€95,385▼ 41.5%€59,808▼ 37.3%€56,958▼ 4.8%€108,212▲ 90.0%€175,006▲ 61.7%
Working capital€109,778within the sector's middle half▼ 7.0%€143,770within the sector's middle half▲ 31.0%€151,723within the sector's middle half▲ 5.5%€128,665within the sector's middle half▼ 15.2%€44,947within the sector's middle half▼ 65.1%
Solvency53.5%within the sector's middle half▲ 8.3pp70.6%above the sector's middle half▲ 17.1pp72.7%within the sector's middle half▲ 2.1pp54.3%within the sector's middle half▼ 18.4pp20.5%below the sector's middle half▼ 33.9pp
Current ratio2.15within the sector's middle half▲ 0.353.40within the sector's middle half▲ 1.253.66within the sector's middle half▲ 0.262.19within the sector's middle half▼ 1.471.26within the sector's middle half▼ 0.93
Return on assets (ROA)-12.2%below the sector's middle half▼ 13.4pp16.7%above the sector's middle half▲ 28.9pp3.8%within the sector's middle half▼ 12.9pp-9.7%below the sector's middle half▼ 13.5pp-38.0%below the sector's middle half▼ 28.3pp
Staff (FTE)5.5above the sector's middle half▲ 48.6%5.5=2.8▼ 49.1%3.2▲ 14.3%5▲ 56.3%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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 €76,724 in 2024 against €18,326 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220,073
Fixed assets
€120 =
Current assets
€219,953 ▼ 7.1%
Equity and liabilities €220,073
Equity
€45,067 ▼ 65.0%
Debt
€175,006 ▲ 61.7%
Debt's share of the balance-sheet total rises from 45.7% to 79.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
3.88▲
2023 · 0.84
ROE
-185.8%▼
2023 · -17.9%
Debt ≤ 1 year
€175,006▲
2023 · €108,212
Income taxes
€239▼
2023 · €251
Staff costs
€321,155▲
2023 · €195,034
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 lower bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €159,241 | €142,008 | €195,034 | €321,155 | ▲ 64.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €14,343 | - | - | - |
| Other operating charges640/8 | - | €3,631 | €3,330 | €3,725 | €3,685 | ▼ 1.1% |
| Non-recurring operating charges66A | - | - | - | €1,153 | - | - |
| Gross operating margin9900 | €192,283 | €208,013 | €176,959 | €181,587 | €248,117 | ▲ 36.6% |
| Operating profit (loss)9901 | -€12,319 | €45,141 | €17,278 | -€18,326 | -€76,724 | ▼ 319% |
| Financial income75/76B | - | €72 | €58 | €4 | - | - |
| Recurring financial income75 | - | €72 | €58 | €4 | - | - |
| Financial charges65/66B | - | €5,696 | €4,774 | €4,485 | €6,756 | ▲ 50.6% |
| Recurring financial charges65 | €12,338 | €5,696 | €4,774 | €4,485 | €6,756 | ▲ 50.6% |
| Profit (loss) for the period before taxes9903 | -€24,657 | €39,516 | €12,562 | -€22,807 | -€83,479 | ▼ 266% |
| Income taxes67/77 | €443 | €5,525 | €4,608 | €251 | €239 | ▼ 5.0% |
| Profit (loss) for the period9904 | -€25,100 | €33,991 | €7,954 | -€23,058 | -€83,718 | ▼ 263% |
| Profit (loss) for the period to be appropriated9905 | -€25,100 | €33,991 | €7,954 | -€23,058 | -€83,718 | ▼ 263% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,284 | €203,698 | €208,801 | €236,997 | €220,073 | ▼ 7.1% |
| Fixed assets21/28 | €120 | €120 | €120 | €120 | €120 | = |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €205,164 | €203,578 | €208,681 | €236,877 | €219,953 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €194,736 | €202,681 | €206,893 | €233,425 | €214,877 | ▼ 7.9% |
| Trade receivables40 | - | €200,627 | €206,601 | €233,425 | €214,877 | ▼ 7.9% |
| Other amounts receivable41 | - | €2,054 | €292 | - | - | - |
| Cash at bank and in hand54/58 | €3,817 | €179 | €529 | €2,183 | €1,777 | ▼ 18.6% |
| Deferred charges and accrued income490/1 | - | €718 | €1,259 | €1,270 | €3,300 | ▲ 160% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,284 | €203,698 | €208,801 | €236,997 | €220,073 | ▼ 7.1% |
| Equity10/15 | €109,898 | €143,890 | €151,843 | €128,785 | €45,067 | ▼ 65.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €52,200 | €52,200 | €52,200 | €52,200 | €52,200 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €50,200 | €50,200 | €50,200 | €50,200 | = |
| Profit (loss) carried forward14 | €37,698 | €71,690 | €79,643 | €56,585 | -€27,134 | ▼ 148% |
| Amounts payable17/49 | €95,385 | €59,808 | €56,958 | €108,212 | €175,006 | ▲ 61.7% |
| Amounts payable within one year42/48 | €95,385 | €59,808 | €56,958 | €108,212 | €175,006 | ▲ 61.7% |
| Trade debts44 | €53,749 | €27,342 | €23,849 | €67,213 | €43,447 | ▼ 35.4% |
| Suppliers440/4 | - | €27,342 | €23,849 | €67,213 | €43,447 | ▼ 35.4% |
| Taxes, remuneration and social security45 | - | €32,466 | €33,109 | €40,999 | €131,559 | ▲ 221% |
| Taxes450/3 | - | €15,811 | €15,216 | €11,075 | €51,031 | ▲ 361% |
| Remuneration and social security454/9 | - | €16,655 | €17,893 | €29,924 | €80,528 | ▲ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,100 | €33,991 | €7,954 | -€23,058 | -€83,718 | ▼ 263% |
| Operating cash flow (approximation) | -€25,100 | €33,991 | €7,954 | -€23,058 | -€83,718 | ▼ 263% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,638 | €350 | €1,653 | -€406 | ▼ 125% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet -€83,718
Net result drops to -€83,718, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Equity above €150,000Eq €151,843 ▲5.5%
2 profitable years in a row build equity to €151,843.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €33,991
Net result €33,991 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 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, Awans · 1 establishment unit since 2017
Ground area
1.2 ha
Parcel 62006B0352/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MECASEB
since 20172.262.201.633
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0352/00E000 | Wallonia | 1.2 ha | - | - |
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 568 companies in sector 28120 we hold annual accounts for 492. 194 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
Founded27-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
28120Manufacture of machinery and equipment not elsewhere classified
25530Machining of metals
33200Installation of industrial machinery and equipment
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671883366
Registered
27-03-2026
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.