MECHELE STEVE
ActiveMECHELE STEVE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €8k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 56% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-24
Solvency78▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 3.59 in 2024; short-term debt: 13.2% and cash: 13.4% of total assets), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
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
52.6%
Return on assets
1.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
25 d late
2023
15 d late
2022
23 d late
2021
17 d early
2020
23 d late
2019
25 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€235k▼ 4.8%
2024 · €246k
2018: €197k
2019: €201k
2020: €206k
2021: €207k
2022: €201k
2023: €158k
2024: €246k
2018 → 2025
Total assets
€446k▲ 16.0%
2024 · €385k
2018: €418k
2019: €425k
2020: €399k
2021: €440k
2022: €434k
2023: €374k
2024: €385k
2018 → 2025
Net result
€8k▼ 90.7%
2024 · €89k
2018: €2k
2019: €4k
2020: €5k
2021: €2k
2022: €-6k
2023: €-43k
2024: €89k
2018 → 2025
Working capital
€31k▼ 67.7%
2024 · €97k
2018: €-54k
2019: €-73k
2020: €-46k
2021: €-81k
2022: €-79k
2023: €-111k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€201k▼ 3.0%€158k▼ 21.6%€246k▲ 56.3%€235k▼ 4.8%
Operating result€9k-€2k▼ 77.5%€-44k€15k€19k▲ 32.3%
Net result€2k-€-6k€-43k▼ 595%€89k€8k▼ 90.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446k
Fixed assets
€356k▲ 42.0%
Current assets
€90k▼ 32.8%
Equity and liabilities €446k
Equity
€235k▼ 4.8%
Debt
€212k▲ 52.9%
The debt ratio rises from 36.0% to 47.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59k▲
2024 · €32k
Cash flow
€48k▼
2024 · €106k
Solvency
52.6%▼
2024 · 64.0%
Current ratio
1.53▼
2024 · 3.59
Quick ratio
1.42▼
2024 · 3.48
Debt / equity
0.90▲
2024 · 0.56
ROE
3.5%▼
2024 · 36.0%
ROA
1.9%▼
2024 · 23.1%
Interest coverage
7.52▲
2024 · 5.72
Debt
€212k▲
2024 · €138k
Debt ≤ 1 year
€59k▲
2024 · €37k
Debt > 1 year
€153k▲
2024 · €101k
Income taxes
€4k▼
2024 · €23k
Staff costs
€64k▲
2024 · €63k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€385k€446k▲
Fixed assets21/28€251k€356k▲
Tangible fixed assets22/27€249k€355k▲
Land and buildings22€214k€328k▲
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€32k€24k▼
Financial fixed assets28€2k€2k=
Current assets29/58€134k€90k▼
Stocks and contracts in progress3€4k€7k▲
Stocks30/36€4k€7k▲
Amounts receivable within one year40/41€7k€18k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€5k€16k▲
Cash at bank and in hand54/58€119k€60k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€385k€446k▲
Equity10/15€246k€235k▼
Contributions10/11€19k€19k=
Reserves13€137k€126k▼
Distributable reserves133€137k€126k▼
Profit (loss) carried forward14€91k€91k=
Amounts payable17/49€138k€212k▲
Amounts payable after more than one year17€101k€153k▲
Financial debts170/4€101k€153k▲
Amounts payable within one year42/48€37k€59k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€17k€17k▼
Suppliers440/4€17k€17k▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€3k€6k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€831€20k▲
Accrued charges and deferred income492/3-€64
Income statement
Code20242025
Remuneration, social security and pensions62€63k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€39k▲
Other operating charges640/8€10k€3k▼
Gross operating margin9900€105k€126k▲
Operating profit (loss)9901€15k€19k▲
Financial income75/76B€102k€990▼
Recurring financial income75€2€990▲
Non-recurring financial income76B€102k-
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€111k€13k▼
Income taxes67/77€23k€4k▼
Profit (loss) for the period9904€89k€8k▼
Profit (loss) for the period to be appropriated9905€89k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€99k▼
Profit (loss) brought forward from the previous period14P€91k€91k=
Transfer from equity791/2-€20k
Transfer to equity691/2€89k€8k▼
To other reserves6921€89k€8k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €89k
Net result €89k after 2 loss-making years.
31-12
Financial
Liquidity times 37current ratio 3.59
Current ratio from 0.10 to 3.59; short-term debt falls from €123k to €37k.
31-12
Financial
Equity above €200kEq €246k ▲56.3%
Equity rises from €158k to €246k.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €200kEq €201k ▲2.1%
2 profitable years in a row build equity to €201k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ichtegem · 1 establishment unit since 2007
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.
Industriestraat(ICH) 25C8480 IchtegemGround area
106 m²
Building footprint
109 m²
Volume, LiDAR
370 m³
Parcel 35006A0516/00F002, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MECHELE STEVE
since 20072.159.560.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0516/00F002 | Flanders | 106 m² | 1 · 109 m² | 5.3 m · 1 fl. |
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.
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DEROO LUC
BE 0464.695.227
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VROMAN DECORATIE
BE 0838.156.115
Kortrijk · Eq €234k
BECKERS en Zn.
BE 0444.722.729
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Schilderwerken Tommy
BE 0831.942.769
Pelt · Eq €234k
VABORI SCHILDERWERKEN
BE 0463.955.651
Nijlen · Eq €237k
Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 1,956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2007
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43310Plastering work
43333Wallpapering and laying of floor and wall coverings in other materials
43990Other specialised construction activities
43999Specialised construction activities
45250
45433
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@mechelesteve.be
Phone:0479984295