MECO-TECH
ActiveSummary
MECO-TECH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,382 and a net result of €1,030. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+5
Solvency100=
Growth51▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.86 against 9.52 in 2024; short-term debt: 18.1% and cash: 52.9% of total assets), and 18.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
81.9%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
18 d late
2023
60 d late
2022
55 d late
2021
29 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€118,096▲ 7.5%
2024 · €109,903
EBIT margin
3.9%▼ 1.1pp
2024 · 5.0%
Net result
€1,030
2024 · -€18,137
Working capital
€53,136▼ 15.3%
2024 · €62,766
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€98,289▲ 73.4%€93,785▼ 4.6%€115,647▲ 23.3%€109,903▼ 5.0%€118,096▲ 7.5%
Operating result€30,194▲ 244%€15,857▼ 47.5%€48,571▲ 206%€5,457▼ 88.8%€4,609▼ 15.5%
Net result€28,243within the sector's middle half▲ 391%€12,420within the sector's middle half▼ 56.0%€39,868above the sector's middle half▲ 221%-€18,137below the sector's middle half€1,030within the sector's middle half
EBIT margin30.7%▲ 15.2pp16.9%▼ 13.8pp42.0%▲ 25.1pp5.0%▼ 37.0pp3.9%▼ 1.1pp
Equity€44,156within the sector's middle half▲ 177%€56,576within the sector's middle half▲ 28.1%€90,789within the sector's middle half▲ 60.5%€69,703within the sector's middle half▼ 23.2%€62,382within the sector's middle half▼ 10.5%
Total assets€52,901below the sector's middle half▲ 116%€65,779below the sector's middle half▲ 24.3%€94,347within the sector's middle half▲ 43.4%€77,073within the sector's middle half▼ 18.3%€76,153within the sector's middle half▼ 1.2%
Debt€8,745▲ 1.7%€9,203▲ 5.2%€3,558▼ 61.3%€7,370▲ 107%€13,771▲ 86.9%
Working capital€34,043within the sector's middle half▲ 328%€38,178within the sector's middle half▲ 12.1%€77,046within the sector's middle half▲ 102%€62,766within the sector's middle half▼ 18.5%€53,136within the sector's middle half▼ 15.3%
Solvency83.5%above the sector's middle half▲ 18.6pp86.0%above the sector's middle half▲ 2.5pp96.2%above the sector's middle half▲ 10.2pp90.4%above the sector's middle half▼ 5.8pp81.9%above the sector's middle half▼ 8.5pp
Current ratio4.89above the sector's middle half▲ 2.975.15above the sector's middle half▲ 0.2622.65above the sector's middle half▲ 17.519.52above the sector's middle half▼ 13.144.86above the sector's middle half▼ 4.66
Return on assets (ROA)53.4%above the sector's middle half▲ 29.9pp18.9%above the sector's middle half▼ 34.5pp42.3%above the sector's middle half▲ 23.4pp-23.5%below the sector's middle half▼ 65.8pp1.4%within the sector's middle half▲ 24.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,153
Fixed assets
€9,246 ▲ 33.3%
Current assets
€66,907 ▼ 4.6%
Equity and liabilities €76,153
Equity
€62,382 ▼ 10.5%
Debt
€13,771 ▲ 86.9%
Debt's share of the balance-sheet total rises from 9.6% to 18.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,041▼
2024 · €12,263
Cash flow
€2,462▲
2024 · -€11,331
Debt to equity
0.22▲
2024 · 0.11
ROE
1.7%▲
2024 · -26.0%
Interest coverage
13.73▼
2024 · 26.32
Debt ≤ 1 year
€13,771▲
2024 · €7,370
Income taxes
€3,362▼
2024 · €23,738
Staff costs
€39,480▼
2024 · €62,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €98,289 | €93,785 | €115,647 | €109,903 | €118,096 | ▲ 7.5% |
| Non-recurring operating income76A | - | - | - | €8,927 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €28,830 | €34,946 | €23,505 | €43,000 | €72,144 | ▲ 67.8% |
| Remuneration, social security and pensions62 | €36,930 | €39,843 | €38,291 | €62,037 | €39,480 | ▼ 36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,530 | €1,626 | €4,655 | €6,806 | €1,432 | ▼ 79.0% |
| Other operating charges640/8 | €804 | €1,513 | €625 | €1,530 | €431 | ▼ 71.8% |
| Gross operating margin9900 | €69,458 | €58,839 | €92,142 | €75,830 | €45,952 | ▼ 39.4% |
| Operating profit (loss)9901 | €30,194 | €15,857 | €48,571 | €5,457 | €4,609 | ▼ 15.5% |
| Financial income75/76B | - | - | €16 | €610 | €223 | ▼ 63.4% |
| Recurring financial income75 | - | - | €16 | €610 | €219 | ▼ 64.1% |
| Non-recurring financial income76B | - | - | - | - | €4 | - |
| Financial charges65/66B | €406 | €267 | €319 | €466 | €440 | ▼ 5.6% |
| Recurring financial charges65 | €406 | €267 | €319 | €466 | €440 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €29,788 | €15,590 | €48,268 | €5,601 | €4,392 | ▼ 21.6% |
| Income taxes67/77 | €1,545 | €3,170 | €8,400 | €23,738 | €3,362 | ▼ 85.8% |
| Profit (loss) for the period9904 | €28,243 | €12,420 | €39,868 | -€18,137 | €1,030 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €28,243 | €12,420 | €39,868 | -€18,137 | €1,030 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,901 | €65,779 | €94,347 | €77,073 | €76,153 | ▼ 1.2% |
| Fixed assets21/28 | €10,113 | €18,398 | €13,743 | €6,937 | €9,246 | ▲ 33.3% |
| Tangible fixed assets22/27 | €8,313 | €16,598 | €11,943 | €5,137 | €7,446 | ▲ 44.9% |
| Plant, machinery and equipment23 | €6,985 | €6,198 | €5,411 | €4,624 | €3,837 | ▼ 17.0% |
| Furniture and vehicles24 | €1,328 | €10,400 | €6,532 | €513 | €3,609 | ▲ 604% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €42,788 | €47,381 | €80,604 | €70,136 | €66,907 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €38,795 | €11,237 | €16,075 | €17,434 | €26,445 | ▲ 51.7% |
| Trade receivables40 | €33,316 | €5,381 | €14,563 | €6,459 | €3,911 | ▼ 39.4% |
| Other amounts receivable41 | €5,479 | €5,856 | €1,512 | €10,975 | €22,534 | ▲ 105% |
| Cash at bank and in hand54/58 | €3,993 | €36,144 | €52,529 | €52,702 | €40,305 | ▼ 23.5% |
| Deferred charges and accrued income490/1 | - | - | €12,000 | - | €157 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,901 | €65,779 | €94,347 | €77,073 | €76,153 | ▼ 1.2% |
| Equity10/15 | €44,156 | €56,576 | €90,789 | €69,703 | €62,382 | ▼ 10.5% |
| Contributions10/11 | €18,600 | €18,600 | €12,945 | €9,996 | €3,000 | ▼ 70.0% |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,355 | €1,355 | €1,355 | €1,355 | - | - |
| Non-distributable reserves130/1 | €1,355 | €1,355 | - | - | - | - |
| Legal reserve130 | €1,355 | €1,355 | - | - | - | - |
| Distributable reserves133 | - | - | €1,355 | €1,355 | - | - |
| Profit (loss) carried forward14 | €24,201 | €36,621 | €76,489 | €58,352 | €59,382 | ▲ 1.8% |
| Amounts payable17/49 | €8,745 | €9,203 | €3,558 | €7,370 | €13,771 | ▲ 86.9% |
| Amounts payable within one year42/48 | €8,745 | €9,203 | €3,558 | €7,370 | €13,771 | ▲ 86.9% |
| Trade debts44 | €5,811 | €3,402 | €2,926 | €1,207 | €6,626 | ▲ 449% |
| Suppliers440/4 | €5,811 | €3,402 | €2,926 | €1,207 | €6,626 | ▲ 449% |
| Taxes, remuneration and social security45 | €2,934 | €5,801 | €632 | €6,163 | €7,145 | ▲ 15.9% |
| Taxes450/3 | €2,934 | €5,801 | €620 | €6,163 | €3,138 | ▼ 49.1% |
| Remuneration and social security454/9 | - | - | €12 | - | €4,007 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,243 | €12,420 | €39,868 | -€18,137 | €1,030 | ▲ 106% |
| + Depreciation and write-downs630 | €1,530 | €1,626 | €4,655 | €6,806 | €1,432 | ▼ 79.0% |
| Operating cash flow (approximation) | €29,773 | €14,046 | €44,523 | -€11,331 | €2,462 | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€9,911 | €0 | €0 | -€3,741 | - |
| Change in cash | - | €32,151 | €16,385 | €173 | -€12,397 | ▼ 7,266% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €1,030
Net result €1,030 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€18,137
Net result drops to -€18,137, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Highest result since 2018net €39,868 ▲221%
Operating result €48,571, net result €39,868, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 22.65
Current ratio from 5.15 to 22.65; short-term debt falls from €9,203 to €3,558.
24-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 55 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 4.89
Current ratio from 1.92 to 4.89.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Show earlier events
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 91 days late
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, Estinnes · 1 establishment unit since 2008
Ground area
882 m²
Building footprint
122 m²
Parcel 56023A0653/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Meco-Tech
since 20082.170.093.106
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56023A0653/00M000 | Wallonia | 882 m² | 1 · 122 m² | - |
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 192 companies in sector 46493 we hold annual accounts for 86. 50 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
Founded19-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46493Wholesale trade
46472Wholesale trade
46492Wholesale trade
46500Wholesale of information and communication equipment
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896549620
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.