MECHELINIA
ActiveMECHELINIA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 34% of 9380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+9
Solvency55▲+5
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.75 in 2024), and 64.2% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
35.8%
Return on assets
0.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 30-09-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d late
2023
19 d late
2022
on the day
2021
6 d early
2020
2 d early
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€472k▲ 1.9%
2024 · €463k
2019: €498k
2020: €498k
2021: €490k
2022: €486k
2023: €465k
2024: €463k
2019 → 2025
Total assets
€1.32M▲ 0.4%
2024 · €1.31M
2019: €990k
2020: €948k
2021: €902k
2022: €895k
2023: €1.32M
2024: €1.31M
2019 → 2025
Net result
€9k
2024 · €-2k
2019: €-12k
2020: €-309
2021: €-7k
2022: €-5k
2023: €-21k
2024: €-2k
2019 → 2025
Working capital
€-19k▲ 81.0%
2024 · €-99k
2019: €-443k
2020: €-433k
2021: €-406k
2022: €-361k
2023: €-169k
2024: €-99k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€490k-€486k▼ 1.0%€465k▼ 4.3%€463k▼ 0.4%€472k▲ 1.9%
Operating result€2k-€6k▲ 154%€-15k€10k€24k▲ 139%
Net result€-7k-€-5k▲ 35.4%€-21k▼ 341%€-2k▲ 92.0%€9k
Turnover and EBIT margin not published: the abbreviated or 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 139% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€944k▼ 7.0%
Current assets
€376k▲ 25.2%
Equity and liabilities €1.32M
Equity
€472k▲ 1.9%
Debt
€847k▼ 0.5%
The debt ratio falls from 64.8% to 64.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€94k▲
2024 · €81k
Cash flow
€80k▲
2024 · €69k
Solvency
35.8%▲
2024 · 35.2%
Current ratio
0.95▲
2024 · 0.75
Quick ratio
0.95▲
2024 · 0.75
Debt / equity
1.79▼
2024 · 1.84
ROE
1.9%▲
2024 · -0.4%
ROA
0.7%▲
2024 · -0.1%
Interest coverage
261.42▲
2024 · 246.04
Debt
€847k▼
2024 · €851k
Debt ≤ 1 year
€394k▼
2024 · €399k
Debt > 1 year
€450k=
2024 · €450k
Income taxes
€14k▲
2024 · €11k
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€1.31M€1.32M▲
Fixed assets21/28€1.01M€944k▼
Tangible fixed assets22/27€1.01M€944k▼
Land and buildings22€1.01M€942k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€300k€376k▲
Amounts receivable within one year40/41€646€646=
Trade receivables40€0-
Other amounts receivable41€646€646=
Current investments50/53-€300k
Cash at bank and in hand54/58€297k€72k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.32M▲
Equity10/15€463k€472k▲
Contributions10/11€538k€538k=
Profit (loss) carried forward14€-75k€-66k▲
Amounts payable17/49€851k€847k▼
Amounts payable after more than one year17€450k€450k=
Financial debts170/4€450k€450k=
Amounts payable within one year42/48€399k€394k▼
Trade debts44€1k€846▼
Suppliers440/4€1k€846▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€390k€389k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€71k=
Other operating charges640/8€13k€13k=
Gross operating margin9900€94k€108k▲
Operating profit (loss)9901€10k€24k▲
Financial charges65/66B€328€361▲
Recurring financial charges65€328€361▲
Profit (loss) for the period before taxes9903€10k€23k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€-2k€9k▲
Profit (loss) for the period to be appropriated9905€-2k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-66k▲
Profit (loss) brought forward from the previous period14P€-73k€-75k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-02
Financial
Back to profitnet €9k
Net result €9k after 6 loss-making years.
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
28-02
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
Isselée, Irène
CurrentDirector · since 20-07-2022
Van Den Broeck, Frans
CurrentDirector · since 20-07-2022
20-07-2022
Isselée, Irène: Resigned as Director
20-07-2022
Isselée, Irène: Appointed as Director
20-07-2022
Van Den Broeck, Frans: Resigned as Director
20-07-2022
Van Den Broeck, Frans: Appointed as Director
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2003
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.
Heidebergenpark 149830 Sint-Martens-LatemGround area
3,515 m²
Building footprint
241 m²
Volume, LiDAR
1,742 m³
Parcel 44064A0749/00G000, Flanders · tallest building 21.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heidebergenpark 14, 9830 Sint-Martens-Latem
since 20032.126.590.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0749/00G000 | Flanders | 3,515 m² | 1 · 241 m² | 21.9 m · 2 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.
Similar companies · same sector, comparable size
COSETECH
BE 0475.584.565
Herve · Eq €472k
RECS
BE 0465.684.330
Heusden-Zolder · Eq €472k
MY ENGINEERING
BE 0685.596.889
La Louvière · Eq €472k
Belgian Construction Certification Association
BE 0449.439.701
Machelen (Brab.) · Eq €471k
VOXDALE
BE 0749.635.695
Wijnegem · Eq €473k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,525. 4,462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2002
Fiscal year end28-02
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.