Mecofin
ActiveSummary
Mecofin has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €901k and a net result of €12k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+2
Solvency100=
Growth37▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 81.43 against 26.22 in 2024; short-term debt: 1.1% and cash: 4% of total assets), and 1.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
98.9%
Return on assets
1.3%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
44 d early
2023
70 d late
2020
10 d late
2019
2 d early
2018
1 d early
2017
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€119k▲ 18.0%
2024 · €101k
EBIT margin
15.0%▲ 19.2pp
2024 · -4.2%
Net result
€12k
2024 · €-13k
Working capital
€777k▲ 4.9%
2024 · €741k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202320242025
Turnover€205k-€239k▲ 16.5%€146k-€101k▼ 30.9%€119k▲ 18.0%
Operating result€65k-€92k▲ 42.4%€28k-€-4k€18k
Net result€49k-€66k▲ 33.8%€21k-€-13k€12k
EBIT margin31.5%-38.5%▲ 7.0pp19.1%--4.2%▼ 23.3pp15.0%▲ 19.2pp
Equity€831k-€755k▼ 9.1%€903k-€889k▼ 1.5%€901k▲ 1.3%
Total assets€929k-€903k▼ 2.9%€905k-€919k▲ 1.6%€911k▼ 0.9%
Debt€99k-€147k▲ 49.6%€2k-€29k▲ 1,510%€10k▼ 67.1%
Working capital€598k-€539k▼ 9.9%€730k-€741k▲ 1.5%€777k▲ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911k
Fixed assets
€124k ▼ 16.7%
Current assets
€787k ▲ 2.2%
Equity and liabilities €911k
Equity
€901k ▲ 1.3%
Debt
€10k ▼ 67.1%
Debt's share of the balance-sheet total falls from 3.2% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €22k
Cash flow
€37k▲
2024 · €13k
Current ratio
81.43▲
2024 · 26.22
Debt to equity
0.01▼
2024 · 0.03
ROE
1.3%▲
2024 · -1.5%
ROA
1.3%▲
2024 · -1.4%
Interest coverage
187.90▲
2024 · 122.88
Debt ≤ 1 year
€10k▼
2024 · €29k
Income taxes
€6k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €205k | €239k | €146k | €101k | €119k | ▲ 18.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €92k | €83k | €77k | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €31k | €26k | €25k | ▼ 3.7% |
| Other operating charges640/8 | - | - | €3k | €6k | €3k | ▼ 40.4% |
| Gross operating margin9900 | €91k | €121k | €62k | €27k | €46k | ▲ 68.9% |
| Operating profit (loss)9901 | €65k | €92k | €28k | €-4k | €18k | ▲ 525% |
| Financial income75/76B | - | - | - | €794 | €22 | ▼ 97.2% |
| Recurring financial income75 | €561 | €651 | - | €794 | €22 | ▼ 97.2% |
| Financial charges65/66B | - | - | €250 | €176 | €228 | ▲ 29.7% |
| Recurring financial charges65 | €539 | €1k | €250 | €176 | €228 | ▲ 29.7% |
| Profit (loss) for the period before taxes9903 | €65k | €91k | €28k | €-4k | €18k | ▲ 592% |
| Income taxes67/77 | €15k | €26k | €7k | €10k | €6k | ▼ 39.0% |
| Profit (loss) for the period9904 | €49k | €66k | €21k | €-13k | €12k | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €49k | €66k | €21k | €-13k | €12k | ▲ 189% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €929k | €903k | €905k | €919k | €911k | ▼ 0.9% |
| Fixed assets21/28 | €233k | €217k | €173k | €149k | €124k | ▼ 16.7% |
| Tangible fixed assets22/27 | €219k | €203k | €157k | €133k | €108k | ▼ 18.7% |
| Land and buildings22 | - | - | €153k | €130k | €107k | ▼ 17.8% |
| Furniture and vehicles24 | - | - | €2k | €2k | €780 | ▼ 57.8% |
| Other tangible fixed assets26 | - | - | €2k | €655 | €0 | ▼ 100% |
| Financial fixed assets28 | €14k | €14k | €16k | €16k | €16k | = |
| Current assets29/58 | €696k | €686k | €732k | €770k | €787k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €209k | €183k | €190k | €131k | €132k | ▲ 0.2% |
| Trade receivables40 | - | - | €55k | - | - | - |
| Other amounts receivable41 | - | - | €135k | €131k | €132k | ▲ 0.2% |
| Current investments50/53 | - | €51k | €279k | €340k | €329k | ▼ 3.3% |
| Cash at bank and in hand54/58 | €487k | €452k | €113k | €57k | €36k | ▼ 36.6% |
| Deferred charges and accrued income490/1 | - | - | €150k | €242k | €291k | ▲ 20.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €929k | €903k | €905k | €919k | €911k | ▼ 0.9% |
| Equity10/15 | €831k | €755k | €903k | €889k | €901k | ▲ 1.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €812k | €721k | €857k | €857k | €883k | ▲ 3.0% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €855k | €855k | €881k | ▲ 3.0% |
| Profit (loss) carried forward14 | - | €16k | €27k | €14k | €0 | ▼ 100% |
| Amounts payable17/49 | €99k | €147k | €2k | €29k | €10k | ▼ 67.1% |
| Amounts payable within one year42/48 | €99k | €147k | €2k | €29k | €10k | ▼ 67.1% |
| Trade debts44 | €2k | €729 | €2k | €29k | €10k | ▼ 67.1% |
| Suppliers440/4 | - | - | €2k | €29k | €10k | ▼ 67.1% |
| Line | 2019 | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €66k | €21k | €-13k | €12k | ▲ 189% |
| + Depreciation and write-downs630 | €25k | €25k | €31k | €26k | €25k | ▼ 3.7% |
| Operating cash flow (approximation) | €74k | €91k | €52k | €13k | €37k | ▲ 192% |
| Investment in fixed assets (approximation) | - | €-9k | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-35k | - | €-56k | €-21k | ▲ 62.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 81.43
Current ratio from 26.22 to 81.43; short-term debt falls from €29k to €10k.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
30-06
Financial
Liquidity times 86current ratio 400.97
Current ratio from 4.65 to 400.97; short-term debt falls from €147k to €2k.
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
30-06
Financial
Highest result since 2019net €66k ▲33.8%
Operating result €92k, net result €66k, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
Show earlier events
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 1 establishment unit since 2010
Ground area
6,111 m²
Building footprint
2,071 m²
Volume, LiDAR
45,341 m³
2 parcels, Brussels, Flanders · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
340
companies at this address
See who is registered here
1 establishment unit
Mecofin
since 20102.193.552.951
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
| 23033A0324/00N000 | Flanders | 2,582 m² | 1 · 193 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
HALUVAN
BE 0442.447.187
Nazareth-De Pinte · Eq €901,191
C.B.M
BE 0456.908.897
Philippeville · Eq €901,157
DEWAELE MANAGEMENT & INVESTMENT
BE 0883.539.940
Waregem · Eq €901,521
BART DEMEULENAERE
BE 0891.655.969
Gavere · Eq €900,956
JOCAR Services
BE 0844.391.334
Ninove · Eq €901,674
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 28,989 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 (pre-2019)
Founded19-11-2010
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.