MECODO
ActiveMECODO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €27k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 11185 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy▲ +22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+21
Solvency28▲+8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.39 in 2024), and 74.5% 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
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
Sector 46
higher
← 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
25.5%
Return on assets
3.1%
Age of the figures
8 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 31-08-2026, 31 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
31 d late
2024
28 d late
2023
65 d late
2022
67 d late
2021
29 d late
2020
31 d late
2019
90 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€218k▲ 14.0%
2024 · €191k
2018: €90k
2019: €131k
2020: €150k
2021: €158k
2022: €165k
2023: €175k
2024: €191k
2018 → 2025
Total assets
€854k▼ 0.3%
2024 · €857k
2018: €1.15M
2019: €1.21M
2020: €1.21M
2021: €1.16M
2022: €1.17M
2023: €914k
2024: €857k
2018 → 2025
Net result
€27k▲ 69.5%
2024 · €16k
2018: €-10k
2019: €42k
2020: €19k
2021: €8k
2022: €6k
2023: €10k
2024: €16k
2018 → 2025
Working capital
€-300k▼ 0.2%
2024 · €-300k
2018: €-148k
2019: €-161k
2020: €-198k
2021: €-245k
2022: €-286k
2023: €-294k
2024: €-300k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€165k▲ 4.1%€175k▲ 6.3%€191k▲ 9.0%€218k▲ 14.0%
Operating result€30k-€30k▼ 1.3%€35k▲ 17.3%€42k▲ 20.0%€56k▲ 32.8%
Net result€8k-€6k▼ 18.9%€10k▲ 61.3%€16k▲ 51.6%€27k▲ 69.5%
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 2022 the operating result has climbed three years in a row; 2025 is 33% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €854k
Fixed assets
€643k▼ 3.1%
Current assets
€212k▲ 9.2%
Equity and liabilities €854k
Equity
€218k▲ 14.0%
Provisions
€6k▼ 30.6%
Debt
€631k▼ 4.1%
The debt ratio falls from 76.7% to 73.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▲
2024 · €63k
Cash flow
€48k▲
2024 · €37k
Solvency
25.5%▲
2024 · 22.3%
Current ratio
0.41▲
2024 · 0.39
Quick ratio
0.26▲
2024 · 0.22
Debt / equity
2.90▼
2024 · 3.44
ROE
12.3%▲
2024 · 8.3%
ROA
3.1%▲
2024 · 1.8%
Interest coverage
3.55▲
2024 · 2.74
Debt
€631k▼
2024 · €658k
Debt ≤ 1 year
€512k▲
2024 · €494k
Debt > 1 year
€106k▼
2024 · €152k
Income taxes
€13k▲
2024 · €8k
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€857k€854k▼
Fixed assets21/28€664k€643k▼
Intangible fixed assets21€365€313▼
Tangible fixed assets22/27€661k€640k▼
Land and buildings22€660k€640k▼
Plant, machinery and equipment23€216€0▼
Financial fixed assets28€2k€2k=
Current assets29/58€194k€212k▲
Stocks and contracts in progress3€84k€78k▼
Stocks30/36€84k€78k▼
Amounts receivable within one year40/41€100k€119k▲
Trade receivables40€99k€118k▲
Other amounts receivable41€854€1k▲
Cash at bank and in hand54/58€4k€7k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€857k€854k▼
Equity10/15€191k€218k▲
Contributions10/11€19k€19k=
Reserves13€172k€199k▲
Distributable reserves133€172k€199k▲
Provisions and deferred taxes16€8k€6k▼
Provisions for liabilities and charges160/5€8k€6k▼
Other liabilities and charges164/5€8k€6k▼
Amounts payable17/49€658k€631k▼
Amounts payable after more than one year17€152k€106k▼
Financial debts170/4€152k€106k▼
Amounts payable within one year42/48€494k€512k▲
Current portion of amounts payable after more than one year42€346k€346k=
Trade debts44€43k€60k▲
Suppliers440/4€43k€60k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€101k€100k▼
Accrued charges and deferred income492/3€12k€12k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€603€0▼
Gross operating margin9900€67k€80k▲
Operating profit (loss)9901€42k€56k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€23k€22k▼
Recurring financial charges65€23k€22k▼
Profit (loss) for the period before taxes9903€24k€40k▲
Income taxes67/77€8k€13k▲
Profit (loss) for the period9904€16k€27k▲
Profit (loss) for the period to be appropriated9905€16k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€27k▲
Transfer to equity691/2€16k€27k▲
To other reserves6921€16k€27k▲
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €218k ▲14%
7 profitable years in a row build equity to €218k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €150k ▲14.4%
2 profitable years in a row build equity to €150k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Equity above €100kEq €131k ▲46.8%
Equity rises from €90k to €131k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2009
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.
't Walletje 58300 Knokke-HeistGround area
858 m²
Building footprint
150 m²
Volume, LiDAR
454 m³
Parcel 31039F0138/00T002, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MECODO
since 20092.182.525.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0138/00T002 | Flanders | 858 m² | 1 · 150 m² | 4.3 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.
Similar companies · same sector, comparable size
A.D.L.
BE 0831.487.166
Dour · Eq €219k
ISL BELGIEN
BE 0426.980.241
Raeren · Eq €213k
Proligna
BE 0678.378.705
Begijnendijk · Eq €212k
ERIC JANSSENS
BE 0842.413.227
Brecht · Eq €225k
BELGIAN TIMBER
BE 0809.271.097
Waregem · Eq €211k
Of 858 companies in sector 46832 we hold annual accounts for 587. 403 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2009
Fiscal year end31-12
Activities, NACEBEL
46832Wholesale of timber
46900Non-specialised wholesale trade
47522Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.