MECHELAIR
ActiveThe computed 12-month bankruptcy probability of MECHELAIR is 2.3% (moderate). The 2024 annual accounts show equity of €228k and a net result of €216k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 36376 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▼-7
Solvency45▲+18
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 1.0 in 2023; short-term debt: 30.3% and cash: 40% of total assets), but 79.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 22%
← weakest
strongest →
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 24-07-2025, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
70 d early
2022
19 d early
2021
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€228k▲ 1,770%
2023 · €12k
2021: €59k
2022: €257k
2023: €12k
2021 → 2024
Total assets
€1.12M▲ 67.6%
2023 · €671k
2021: €102k
2022: €356k
2023: €671k
2021 → 2024
Net result
€216k▼ 15.2%
2023 · €255k
2021: €47k
2022: €198k
2023: €255k
2021 → 2024
Working capital
€517k▲ 157,862%
2023 · €327
2021: €46k
2022: €246k
2023: €327
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€59k-€257k▲ 335%€12k▼ 95.3%€228k▲ 1,770%
Operating result€59k-€260k▲ 343%€350k▲ 34.7%€318k▼ 9.1%
Net result€47k-€198k▲ 320%€255k▲ 28.6%€216k▼ 15.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.12M
Fixed assets
€266k▲ 2,144%
Current assets
€858k▲ 30.2%
Equity and liabilities €1.12M
Equity
€228k▲ 1,770%
Debt
€896k▲ 36.0%
The debt ratio falls from 98.2% to 79.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€322k▼
2023 · €352k
Cash flow
€220k▼
2023 · €257k
Solvency
20.3%▲
2023 · 1.8%
Current ratio
2.52▲
2023 · 1.00
Quick ratio
2.22▲
2023 · 0.82
Debt / equity
3.93▼
2023 · 53.97
ROE
94.7%
ROA
19.2%▼
2023 · 38.0%
Interest coverage
58.56▲
2023 · 41.85
Debt
€896k▲
2023 · €659k
Debt ≤ 1 year
€341k▼
2023 · €659k
Debt > 1 year
€555k
Income taxes
€99k▲
2023 · €88k
Staff costs
€45k▲
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€671k€1.12M▲
Fixed assets21/28€12k€266k▲
Tangible fixed assets22/27€12k€266k▲
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24-€6k
Other tangible fixed assets26€2k€252k▲
Current assets29/58€659k€858k▲
Stocks and contracts in progress3€118k€100k▼
Stocks30/36€118k€100k▼
Amounts receivable within one year40/41€177k€306k▲
Trade receivables40€127k€103k▼
Other amounts receivable41€51k€203k▲
Cash at bank and in hand54/58€362k€449k▲
Deferred charges and accrued income490/1€900€3k▲
Equity and liabilities
Total equity and liabilities10/49€671k€1.12M▲
Equity10/15€12k€228k▲
Contributions10/11€12k€12k=
Reserves13€201€216k▲
Distributable reserves133€201€216k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€659k€896k▲
Amounts payable after more than one year17-€555k
Financial debts170/4-€395k
Other amounts payable178/9-€160k
Amounts payable within one year42/48€659k€341k▼
Financial debts43€53k€17k▼
Credit institutions430/8€53k€0▼
Other loans439€0€17k▲
Trade debts44€96k€120k▲
Suppliers440/4€96k€120k▲
Taxes, remuneration and social security45€8k€35k▲
Taxes450/3€4k€34k▲
Remuneration and social security454/9€4k€1k▼
Other amounts payable47/48€502k€169k▼
Income statement
Code20232024
Remuneration, social security and pensions62€19k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€7k▲
Non-recurring operating charges66A€1k€315▼
Gross operating margin9900€375k€374k▼
Operating profit (loss)9901€350k€318k▼
Financial income75/76B€851€2k▲
Recurring financial income75€851€2k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€343k€315k▼
Income taxes67/77€88k€99k▲
Profit (loss) for the period9904€255k€216k▼
Profit (loss) for the period to be appropriated9905€255k€216k▼
Appropriation of the result
Profit (loss) to be appropriated9906€255k€216k▼
Transfer from equity791/2€245k€0▼
Transfer to equity691/2€0€216k▲
To other reserves6921€0€216k▲
Profit to be distributed694/7€500k€0▼
Return on contributions (dividend)694€500k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.52
Current ratio from 1.00 to 2.52; short-term debt falls from €659k to €341k.
31-12
Financial
Equity above €200kEq €228k ▲1770%
4 profitable years in a row build equity to €228k.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €255k ▲28.6%
Operating result €350k, net result €255k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €257k ▲335%
2 profitable years in a row build equity to €257k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentsesteenweg(HEF) 1972801 MechelenGround area
4,497 m²
Parcel 12012A0184/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
MECHELAIR
since 20202.309.603.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12012A0184/00X000 | Flanders | 4,497 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsKoelinstallaties duaal (so)
Technicus koelinstallaties duaal (so)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,724 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.