Summary
MECHANICAL ENGINEERING SOLUTIONS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €289,761 and a net result of €61,344. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 6157 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
141 d early
2022
68 d early
2021
57 d early
2020
40 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€289,761▲ 26.9%
2023 · €228,417
Net result
€61,344▼ 9.5%
2023 · €67,814
Total assets
€523,581▼ 19.5%
2023 · €650,542
Solvency
55.3%▲ 20.2pp
2023 · 35.1%
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
Line20202021202220232024
Turnover€134,324
Operating result€47,798▲ 366%€33,549▼ 29.8%€48,124▲ 43.4%€100,325▲ 108%€99,317▼ 1.0%
Net result€29,176▲ 554%€21,170▼ 27.4%€25,321▲ 19.6%€67,814▲ 168%€61,344▼ 9.5%
Equity€107,912▲ 37.1%€129,082▲ 19.6%€160,603▲ 24.4%€228,417▲ 42.2%€289,761▲ 26.9%
Total assets€362,126▲ 29.4%€381,114▲ 5.2%€649,185▲ 70.3%€650,542▲ 0.2%€523,581▼ 19.5%
Debt€254,214▲ 26.3%€252,032▼ 0.9%€488,582▲ 93.9%€422,125▼ 13.6%€233,820▼ 44.6%
Working capital-€67,186▼ 342%-€90,311▼ 34.4%-€220,929▼ 145%-€198,419▲ 10.2%€20,070
Solvency29.8%▲ 1.7pp33.9%▲ 4.1pp24.7%▼ 9.1pp35.1%▲ 10.4pp55.3%▲ 20.2pp
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €523,581
Fixed assets
€378,319 ▼ 33.1%
Current assets
€145,262 ▲ 70.1%
Equity and liabilities €523,581
Equity
€289,761 ▲ 26.9%
Debt
€233,820 ▼ 44.6%
Debt's share of the balance-sheet total falls from 64.9% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
21.2%▼
2023 · 29.7%
ROA
11.7%▲
2023 · 10.4%
Debt ≤ 1 year
€125,192▼
2023 · €283,815
Debt > 1 year
€108,628▼
2023 · €138,310
Income taxes
€29,924▲
2023 · €25,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €141,113 | - | - | - | - |
| Turnover70 | - | €134,324 | - | - | - | - |
| Other operating income74 | - | €6,789 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €25,000 | - |
| Operating charges60/66A | - | €107,564 | - | - | - | - |
| Services and other goods61 | - | €105,406 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,781 | €1,765 | €3,654 | €3,300 | €3,264 | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €10,803 | - |
| Other operating charges640/8 | - | €392 | €429 | €1,177 | €463 | ▼ 60.7% |
| Gross operating margin9900 | €49,997 | - | €52,207 | €104,802 | €113,847 | ▲ 8.6% |
| Operating profit (loss)9901 | €47,798 | €33,549 | €48,124 | €100,325 | €99,317 | ▼ 1.0% |
| Financial income75/76B | - | €105 | €106 | €629 | €0 | ▼ 100.0% |
| Recurring financial income75 | €104 | €105 | €106 | €629 | €0 | ▼ 100.0% |
| Income from current assets751 | - | €105 | - | - | - | - |
| Other financial income752/9 | - | €1 | - | - | - | - |
| Financial charges65/66B | - | €3,922 | €13,257 | €7,732 | €8,050 | ▲ 4.1% |
| Recurring financial charges65 | €3,886 | €3,922 | €13,257 | €7,732 | €8,050 | ▲ 4.1% |
| Debt charges650 | - | €3,676 | - | - | - | - |
| Other financial charges652/9 | - | €246 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €44,016 | €29,732 | €34,973 | €93,222 | €91,268 | ▼ 2.1% |
| Income taxes67/77 | €14,840 | €8,563 | €9,652 | €25,408 | €29,924 | ▲ 17.8% |
| Taxes670/3 | - | €8,563 | - | - | - | - |
| Profit (loss) for the period9904 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362,126 | €381,114 | €649,185 | €650,542 | €523,581 | ▼ 19.5% |
| Fixed assets21/28 | €260,808 | €272,100 | €568,446 | €565,146 | €378,319 | ▼ 33.1% |
| Tangible fixed assets22/27 | €186,913 | €198,205 | €194,551 | €191,252 | €2,987 | ▼ 98.4% |
| Land and buildings22 | - | €185,000 | €185,000 | €185,000 | - | - |
| Furniture and vehicles24 | - | €12,780 | €9,516 | €6,252 | €2,987 | ▼ 52.2% |
| Other tangible fixed assets26 | - | €425 | €35 | - | - | - |
| Financial fixed assets28 | €73,895 | €73,895 | €373,895 | €373,895 | €375,332 | ▲ 0.4% |
| Affiliated companies280/1 | - | €72,095 | - | - | - | - |
| Participating interests280 | - | €72,095 | - | - | - | - |
| Other financial fixed assets284/8 | - | €1,800 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €1,800 | - | - | - | - |
| Current assets29/58 | €101,318 | €109,014 | €80,739 | €85,396 | €145,262 | ▲ 70.1% |
| Amounts receivable within one year40/41 | €61,775 | €69,667 | €55,776 | €75,529 | €129,801 | ▲ 71.9% |
| Trade receivables40 | - | €50,283 | €39,726 | €54,726 | €127,551 | ▲ 133% |
| Other amounts receivable41 | - | €19,384 | €16,050 | €20,803 | €2,250 | ▼ 89.2% |
| Cash at bank and in hand54/58 | €39,543 | €39,021 | €24,963 | €9,867 | €14,014 | ▲ 42.0% |
| Deferred charges and accrued income490/1 | - | €326 | - | - | €1,447 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362,126 | €381,114 | €649,185 | €650,542 | €523,581 | ▼ 19.5% |
| Equity10/15 | €107,912 | €129,082 | €160,603 | €228,417 | €289,761 | ▲ 26.9% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,512 | €116,682 | €142,003 | €209,817 | €271,161 | ▲ 29.2% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €114,822 | €142,003 | €209,817 | €271,161 | ▲ 29.2% |
| Amounts payable17/49 | €254,214 | €252,032 | €488,582 | €422,125 | €233,820 | ▼ 44.6% |
| Amounts payable after more than one year17 | €85,624 | €52,707 | €186,915 | €138,310 | €108,628 | ▼ 21.5% |
| Financial debts170/4 | - | €52,707 | €186,915 | €138,310 | €108,628 | ▼ 21.5% |
| Credit institutions173 | - | €52,707 | - | - | - | - |
| Amounts payable within one year42/48 | €168,505 | €199,325 | €301,667 | €283,815 | €125,192 | ▼ 55.9% |
| Current portion of amounts payable after more than one year42 | - | €32,917 | €61,736 | €48,604 | €29,682 | ▼ 38.9% |
| Financial debts43 | - | €5,000 | - | - | - | - |
| Credit institutions430/8 | - | €5,000 | - | - | - | - |
| Trade debts44 | €3,409 | €1,255 | €6,092 | €3,186 | €1,487 | ▼ 53.3% |
| Suppliers440/4 | - | €1,255 | €6,092 | €3,186 | €1,487 | ▼ 53.3% |
| Taxes, remuneration and social security45 | - | €4,272 | €17,683 | €28,494 | €34,042 | ▲ 19.5% |
| Taxes450/3 | - | €4,272 | €17,683 | €28,494 | €34,042 | ▲ 19.5% |
| Other amounts payable47/48 | - | €155,882 | €216,156 | €203,531 | €59,981 | ▼ 70.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| + Depreciation and write-downs630 | €1,781 | €1,765 | €3,654 | €3,300 | €3,264 | ▼ 1.1% |
| Operating cash flow (approximation) | €30,957 | €22,935 | €28,975 | €71,114 | €64,608 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€13,058 | -€300,000 | €0 | €183,563 | - |
| Change in cash | - | -€522 | -€14,058 | -€15,096 | €4,147 | ▲ 127% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.16
Current ratio from 0.30 to 1.16; short-term debt falls from €283,815 to €125,192.
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €67,814 ▲168%
Operating result €100,325, net result €67,814, both a record.
31-12
Financial
Equity above €200,000Eq €228,417 ▲42.2%
6 profitable years in a row build equity to €228,417.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €160,603 ▲24.4%
5 profitable years in a row build equity to €160,603.
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €107,912 ▲37.1%
3 profitable years in a row build equity to €107,912.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Essen · 1 establishment unit since 2009
Ground area
576 m²
Building footprint
168 m²
Volume, LiDAR
957 m³
Parcel 11642D0259/00C002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mechanical Engineering Solutions
since 20092.175.445.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0259/00C002 | Flanders | 576 m² | 1 · 168 m² | 9.0 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,765 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
Founded05-12-2008
Fiscal year end31-12
Abbreviation NL
MES
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.