MECASOFT
ActiveSummary
MECASOFT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621,638 and a net result of €84,339. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 40% of 680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+3
Solvency64▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.74 in 2024; short-term debt: 36.5% and cash: 23.8% of total assets), but 61.3% of the assets are financed with debt.
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Signals
Seven 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 →
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
38.7%
Return on assets
5.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €621,638
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
1 d late
2023
7 d late
2022
40 d early
2021
26 d early
2020
82 d early
2019
73 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 26 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84,339▲ 109%
2024 · €40,394
Working capital
€300,324▲ 7.1%
2024 · €280,540
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,019€5,801▼ 89.8%€79,367▲ 1,268%€59,961▼ 24.5%€107,755▲ 79.7%
Net result€31,185-€545€58,541€40,394▼ 31.0%€84,339▲ 109%
Equity€554,279▲ 6.0%€553,733▼ 0.1%€477,274▼ 13.8%€529,232▲ 10.9%€621,638▲ 17.5%
Total assets€1.1m▲ 15.1%€1.3m▲ 19.6%€1.3m▲ 5.0%€1.4m▲ 6.3%€1.6m▲ 14.0%
Debt€502,234▲ 27.2%€709,450▲ 41.3%€848,481▲ 19.6%€880,693▲ 3.8%€985,371▲ 11.9%
Working capital€423,489▲ 34.6%€410,025▼ 3.2%€291,940▼ 28.8%€280,540▼ 3.9%€300,324▲ 7.1%
Staff (FTE)10=10=10=11▲ 10.0%12.8▲ 16.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 80% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€719,830 ▼ 4.3%
Current assets
€887,179 ▲ 34.9%
Equity and liabilities €1.6m
Equity
€621,638 ▲ 17.5%
Debt
€985,371 ▲ 11.9%
Debt's share of the balance-sheet total falls from 62.5% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€222,657▲
2024 · €168,437
Cash flow
€199,241▲
2024 · €148,869
Current ratio
1.51▼
2024 · 1.74
Quick ratio
1.44▼
2024 · 1.63
Debt to equity
1.59▼
2024 · 1.66
ROE
13.6%▲
2024 · 7.6%
ROA
5.2%▲
2024 · 2.9%
Interest coverage
14.36▲
2024 · 10.95
Debt ≤ 1 year
€586,855▲
2024 · €377,271
Debt > 1 year
€398,001▼
2024 · €498,547
Income taxes
€21,532▲
2024 · €9,996
Staff costs
€650,730▲
2024 · €588,283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 20,082 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,809 | €317 | €0 | €0 | - | - |
| Remuneration, social security and pensions62 | €434,762 | €497,135 | €525,831 | €588,283 | €650,730 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,811 | €50,677 | €71,651 | €108,476 | €114,901 | ▲ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,902 | - |
| Other operating charges640/8 | €6,095 | €6,612 | €10,137 | €7,759 | €6,441 | ▼ 17.0% |
| Non-recurring operating charges66A | €28 | €27 | €250 | €0 | €0 | ▼ 100% |
| Gross operating margin9900 | €565,714 | €560,253 | €687,236 | €764,479 | €881,729 | ▲ 15.3% |
| Operating profit (loss)9901 | €57,019 | €5,801 | €79,367 | €59,961 | €107,755 | ▲ 79.7% |
| Financial income75/76B | €0 | €0 | €2,931 | €5,810 | €13,620 | ▲ 134% |
| Recurring financial income75 | €0 | €0 | €2,931 | €5,810 | €13,620 | ▲ 134% |
| Financial charges65/66B | €4,459 | €5,873 | €12,195 | €15,381 | €15,504 | ▲ 0.8% |
| Recurring financial charges65 | €4,459 | €5,873 | €12,195 | €15,381 | €15,504 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €52,560 | -€73 | €70,103 | €50,390 | €105,871 | ▲ 110% |
| Income taxes67/77 | €21,374 | €473 | €11,562 | €9,996 | €21,532 | ▲ 115% |
| Profit (loss) for the period9904 | €31,185 | -€545 | €58,541 | €40,394 | €84,339 | ▲ 109% |
| Transfer from tax-exempt reserves789 | €37,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €68,685 | -€545 | €58,541 | €40,394 | €84,339 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €1.3m | €1.4m | €1.6m | ▲ 14.0% |
| Fixed assets21/28 | €370,831 | €523,600 | €649,474 | €752,113 | €719,830 | ▼ 4.3% |
| Intangible fixed assets21 | €10,898 | €8,499 | €3,629 | €2,082 | €7,618 | ▲ 266% |
| Tangible fixed assets22/27 | €359,933 | €515,101 | €645,845 | €750,031 | €712,212 | ▼ 5.0% |
| Land and buildings22 | €254,909 | €437,370 | €447,315 | €469,949 | €461,432 | ▼ 1.8% |
| Plant, machinery and equipment23 | €87,648 | €65,744 | €191,475 | €245,847 | €217,235 | ▼ 11.6% |
| Furniture and vehicles24 | €17,312 | €11,987 | €7,055 | €34,235 | €33,544 | ▼ 2.0% |
| Other tangible fixed assets26 | €64 | - | - | - | - | - |
| Current assets29/58 | €685,682 | €739,583 | €676,281 | €657,811 | €887,179 | ▲ 34.9% |
| Amounts receivable after more than one year29 | - | - | €235,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | €235,000 | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €167,344 | €78,237 | €35,227 | €43,276 | €44,094 | ▲ 1.9% |
| Stocks30/36 | €167,344 | €78,237 | €35,227 | €43,276 | €44,094 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €361,284 | €277,419 | €294,324 | €345,747 | €349,708 | ▲ 1.1% |
| Trade receivables40 | €285,751 | €269,573 | €280,436 | €324,895 | €303,213 | ▼ 6.7% |
| Other amounts receivable41 | €75,534 | €7,846 | €13,888 | €20,852 | €46,495 | ▲ 123% |
| Current investments50/53 | €27,104 | €150,104 | €70,000 | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €124,647 | €216,491 | €37,268 | €59,786 | €381,696 | ▲ 538% |
| Deferred charges and accrued income490/1 | €5,302 | €17,332 | €4,462 | €9,003 | €11,680 | ▲ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €1.3m | €1.4m | €1.6m | ▲ 14.0% |
| Equity10/15 | €554,279 | €553,733 | €477,274 | €529,232 | €621,638 | ▲ 17.5% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Revaluation surpluses12 | €159,896 | €159,896 | €159,896 | €159,896 | €159,896 | = |
| Reserves13 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €119,383 | €118,838 | €42,379 | €82,772 | €167,112 | ▲ 102% |
| Investment grants15 | - | - | - | €11,564 | €19,631 | ▲ 69.8% |
| Amounts payable17/49 | €502,234 | €709,450 | €848,481 | €880,693 | €985,371 | ▲ 11.9% |
| Amounts payable after more than one year17 | €240,042 | €379,891 | €464,140 | €498,547 | €398,001 | ▼ 20.2% |
| Financial debts170/4 | €240,042 | €379,891 | €464,140 | €498,547 | €398,001 | ▼ 20.2% |
| Amounts payable within one year42/48 | €262,192 | €329,558 | €384,341 | €377,271 | €586,855 | ▲ 55.6% |
| Current portion of amounts payable after more than one year42 | €37,420 | €49,201 | €72,830 | €105,627 | €104,335 | ▼ 1.2% |
| Trade debts44 | €131,024 | €179,408 | €80,915 | €107,538 | €220,541 | ▲ 105% |
| Suppliers440/4 | €131,024 | €179,408 | €80,915 | €107,538 | €220,541 | ▲ 105% |
| Advances received on contracts in progress46 | - | - | - | €65,894 | €138,875 | ▲ 111% |
| Taxes, remuneration and social security45 | €93,748 | €100,949 | €95,596 | €98,211 | €123,104 | ▲ 25.3% |
| Taxes450/3 | €35,646 | €30,218 | €16,947 | €14,022 | €22,448 | ▲ 60.1% |
| Remuneration and social security454/9 | €58,102 | €70,731 | €78,649 | €84,189 | €100,656 | ▲ 19.6% |
| Other amounts payable47/48 | - | - | €135,000 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,875 | €514 | ▼ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,185 | -€545 | €58,541 | €40,394 | €84,339 | ▲ 109% |
| + Depreciation and write-downs630 | €67,811 | €50,677 | €71,651 | €108,476 | €114,901 | ▲ 5.9% |
| Operating cash flow (approximation) | €98,996 | €50,132 | €130,192 | €148,869 | €199,241 | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | -€203,445 | -€197,525 | -€211,115 | -€82,618 | ▲ 60.9% |
| Change in cash | - | €91,844 | -€179,223 | €22,518 | €321,911 | ▲ 1,330% |
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 · full schema · 28 days late
26-06
State Gazette act
RestructuringDemerger · Accounting effect · Net-asset statement7 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Net-asset statement7 facts ▸
- Demerger, Transfert d'une partie du patrimoine (actif et passif) de MECASOFT à XRAY MECA sans dissolution.
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Net-asset statement, 31-12-2025
- Net-asset statement, 31-12-2025
- Net-asset statement, 31-12-2025
- Real estate, Terrain et constructions situés à Rue de la Molignée 60, Anhee (Maison/Bungalow et Atelier/Bâtiment industriel).
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Equity above €500,000Eq €529,232 ▲10.9%
2 profitable years in a row build equity to €529,232.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
31-12
Financial
Back to profitnet €58,541
Net result €58,541 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31,185
Net result €31,185 after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€48,551
Net result drops to -€48,551, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anhée · 1 establishment unit since 1986
Ground area
1.4 ha
Building footprint
731 m²
Volume, LiDAR
3,375 m³
Parcel 91233C0157/02E003, Wallonia · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MECASOFT
since 19862.034.435.240
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91233C0157/02E003 | Wallonia | 1.4 ha | 1 · 731 m² | 5.3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- XRay Meca
- MECASOFT
Highest known parent: XRay Meca. The sources do not say who stands above it.
Owners 1
- XRay Mecaparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of MECASOFT 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:XRAY MECA
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-1986
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
Contact
Phone
082611612
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429711384
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.