Checked.be
Active
BE 0635.671.583Private limited company
Mech & Co
Rue En-Dessous(Y-G) 4 ·5650 Walcourt, Belgium· 11 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
Mech & Co has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100 and a net result of €9k. Equity is shrinking by ~79.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €100 |
| Net result | €9k |
| Better than sector | 10% |
| Active | 11 yrs |
Financial profile
71
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
100
Solvency
26
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
76
2021
73
2022
76
2023
45
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.69 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.69 (≥ 1.0)
+5
Leverage
Debt/equity 1371.20 (> 3.0)
-10
Profitability
ROE 8757% (≥ 10%)
+10
Interest coverage
Interest coverage 5.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~79.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.1% | 55.9% | |
| Net result | €9k | €27k | |
| Equity | €100 | €83k | |
| Gross operating margin | €73k | €54k | |
| Total assets | €194k | €186k |
€41k
-29.0%
21-25
€9k
-66.9%
21-25
€21k
-47.8%
21-25
€194k
-1.3%
21-25
€100
-93.6%
21-25
€39k
-
21-25
€13k
-13.3%
21-25
€10k
-78.6%
21-25
€137k
-18.0%
21-25
€57k
-34.2%
21-25
€80k
-0.8%
21-25
1.69
+69.8%
21-25
1.69
+69.8%
21-25
0.1%
-93.5%
21-25
1371.20
+1186.4%
21-25
8756.7%
+418.8%
21-25
4.5%
-66.5%
21-25
5.24
-69.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €41k | €58k | €80k | €29k | €34k |
| Net profit | €9k | €26k | €50k | €13k | €99 |
| Cash flow | €21k | €41k | €63k | €26k | €36k |
| Staff costs | - | - | - | - | - |
| Income taxes | €13k | €15k | €14k | €2k | €26 |
| Dividends | €10k | €48k | €40k | €29k | - |
| Total assets | €194k | €197k | €231k | €207k | €204k |
| Equity | €100 | €2k | €41k | €37k | €53k |
| Debt | €137k | €167k | €189k | €170k | €151k |
| of which ≤ 1y | €57k | €86k | €94k | €67k | €37k |
| of which > 1y | €80k | €81k | €96k | €103k | €113k |
| Working capital | €39k | €-526 | €12k | €8k | €44k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.69 | 0.99 | 1.12 | 1.13 | 2.18 |
| Quick ratio | 1.69 | 0.99 | 1.12 | 1.13 | 2.18 |
| Working capital ratio | 20.0% | -0.3% | 5.0% | 4.1% | 21.4% |
| Solvency | 0.1% | 0.8% | 17.9% | 17.9% | 26.0% |
| Debt / equity | 1371.20 | 106.59 | 4.57 | 4.59 | 2.85 |
| Long-term debt ratio | 802.98 | 51.60 | 2.31 | 2.78 | 2.13 |
| Interest coverage | 5.24 | 17.06 | 19.04 | 7.48 | 8.07 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.5% | 13.4% | 21.6% | 6.5% | 0.0% |
| ROE | 8756.7% | 1687.8% | 120.5% | 36.1% | 0.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €194k | €197k | €231k | €207k | €204k |
| Fixed assets | 21/28 | €99k | €111k | €126k | €132k | €123k |
| Tangible fixed assets | 22/27 | €99k | €111k | €126k | €130k | €121k |
| Financial fixed assets | 28 | - | - | - | €2k | €2k |
| Current assets | 29/58 | €96k | €85k | €105k | €75k | €81k |
| Amounts receivable within one year | 40/41 | €84k | €63k | €74k | €60k | €70k |
| Cash & bank | 54/58 | €11k | €22k | €31k | €14k | €9k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €194k | €197k | €231k | €207k | €204k |
| Equity | 10/15 | €100 | €2k | €41k | €37k | €53k |
| Contributions / capital | 10/11 | €100 | €100 | €19k | €19k | €19k |
| Reserves | 13 | - | - | €18k | €18k | €47k |
| Accumulated profits (losses) | 14 | - | €1k | €5k | €813 | €-13k |
| Provisions & deferred taxes | 16 | €57k | €28k | - | - | - |
| Amounts payable | 17/49 | €137k | €167k | €189k | €170k | €151k |
| Amounts payable after one year | 17 | €80k | €81k | €96k | €103k | €113k |
| Amounts payable within one year | 42/48 | €57k | €86k | €94k | €67k | €37k |
| Trade debts payable within one year | 44 | €8k | €8k | €4k | €18k | €19k |
| Income statement | ||||||
| Gross operating margin | 9900 | €73k | €87k | €84k | €33k | €36k |
| Operating result | 9901 | €29k | €44k | €67k | €17k | €-2k |
| Financial income | 75 | €1k | €1k | €499 | €2k | €4k |
| Financial charges | 65 | €8k | €3k | €4k | €4k | €4k |
| Result before taxes | 9903 | €22k | €42k | €64k | €15k | €125 |
| Income taxes | 67/77 | €13k | €15k | €14k | €2k | €26 |
| Net result for the period | 9904 | €9k | €26k | €50k | €13k | €99 |
| Result to be appropriated | 9905 | €9k | €26k | €50k | €13k | €99 |
Directors & mandates
Current directors & mandates
-
DE DEURWAERDER CorentinDirectorState Gazette act 24149169 (17-10-2024)Current17-10-2024 → present
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 20-08-2015 |
| Status | Active |
| Postal code | 5650 |
Establishment units
Mech & Co
since 20152.245.042.234
Updates
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
17-10
State Gazette act
Registered-office change
Géraldine COLLARD
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 206 days late
2023
31-12
Financial
Highest result since 2021net €50k ▲274%
Operating result €67k, net result €50k, both a record.
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
17-10-2024
Registered-office move
All acts · 1
updated 1 year ago
2024
17-10-2024 Registered office moved
Notary:
Géraldine COLLARD · Morialmé
Technical details
{
"events": [],
"notary": {
"name": "G\u00E9raldine COLLARD",
"firm_city": null,
"firm_name": null,
"office_city": "Morialm\u00E9",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-10-17",
"filing_date": "2024-10-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-09-19",
"unanimous": true
},
"subject_company": {
"kbo": "0635.671.583",
"name_full": "MECH \u0026 CO",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "G\u00E9raldine COLLARD",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte modificatif",
"une coordination des statuts"
]
}Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Holdings64200Activities of holding companies64210Other professional, scientific and technical activities74909Other professional, scientific and technical activities74999Other business support services82990
Names & trade names
| Legal nameNL | Mech & Co |
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