MECHANICAL ENGINEERING SOLUTIONS
ActiveSummary
MECHANICAL ENGINEERING SOLUTIONS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For MECHANICAL ENGINEERING SOLUTIONS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €289,761 and a net result of €61,344. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 62% of 6,630 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 20 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 1% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 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 | €3,567 | €21,120 | €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 | €8,716 | €31,752 | €49,997 | - | €52,207 | €104,802 | €113,847 | ▲ 8.6% |
| Operating profit (loss)9901 | €4,728 | €10,249 | €47,798 | €33,549 | €48,124 | €100,325 | €99,317 | ▼ 1.0% |
| Financial income75/76B | - | - | - | €105 | €106 | €629 | €0 | ▼ 100.0% |
| Recurring financial income75 | €101 | €103 | €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 | €1,972 | €3,477 | €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 | €2,857 | €6,875 | €44,016 | €29,732 | €34,973 | €93,222 | €91,268 | ▼ 2.1% |
| Income taxes67/77 | €1,060 | €2,413 | €14,840 | €8,563 | €9,652 | €25,408 | €29,924 | ▲ 17.8% |
| Taxes670/3 | - | - | - | €8,563 | - | - | - | - |
| Profit (loss) for the period9904 | €1,797 | €4,463 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €1,797 | €4,463 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €92,626 | €279,946 | €362,126 | €381,114 | €649,185 | €650,542 | €523,581 | ▼ 19.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €29,814 | €212,194 | €260,808 | €272,100 | €568,446 | €565,146 | €378,319 | ▼ 33.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,314 | €188,694 | €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 | €23,500 | €23,500 | €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 | €62,812 | €67,751 | €101,318 | €109,014 | €80,739 | €85,396 | €145,262 | ▲ 70.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,805 | €67,751 | €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% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €41,007 | €0 | €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 | €92,626 | €279,946 | €362,126 | €381,114 | €649,185 | €650,542 | €523,581 | ▼ 19.5% |
| Equity10/15 | €74,273 | €78,736 | €107,912 | €129,082 | €160,603 | €228,417 | €289,761 | ▲ 26.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €61,873 | €66,336 | €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% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €18,353 | €201,210 | €254,214 | €252,032 | €488,582 | €422,125 | €233,820 | ▼ 44.6% |
| Amounts payable after more than one year17 | €0 | €118,255 | €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 | €18,353 | €82,955 | €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 | €573 | €1,834 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,797 | €4,463 | €29,176 | €21,170 | €25,321 | €67,814 | €61,344 | ▼ 9.5% |
| + Depreciation and write-downs630 | €3,567 | €21,120 | €1,781 | €1,765 | €3,654 | €3,300 | €3,264 | ▼ 1.1% |
| Operating cash flow (approximation) | €5,365 | €25,582 | €30,957 | €22,935 | €28,975 | €71,114 | €64,608 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€203,500 | -€50,395 | -€13,058 | -€300,000 | €0 | €183,563 | - |
| Change in cash | - | -€41,007 | €39,543 | -€522 | -€14,058 | -€15,096 | €4,147 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00256326 |
| 31-12-2023 | abbreviated format | 12-03-2024 | 2024-00042260 |
| 31-12-2022 | abbreviated format | 24-05-2023 | 2023-00094477 |
| 31-12-2021 | full format | 04-06-2022 | 2022-20047369 |
| 31-12-2020 | abbreviated format | 21-06-2021 | 2021-22500223 |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-42600449 |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-21800322 |
| 31-12-2017 | abbreviated format | 09-07-2018 | 2018-30900175 |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-53300219 |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38000549 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.