MECOM
ActiveSummary
MECOM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,755 and a net result of €7,826. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 39 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 5.75 against 2.72 in 2024; short-term debt: 11.3% and cash: 47.5% of total assets), and 11.3% 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 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% 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
88.7%
Return on assets
25.9%
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
55 d late
2023
29 d late
2022
30 d late
2021
23 d late
2020
24 d late
2019
28 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 31 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€26,755▲ 41.3%
2024 · €18,929
Total assets
€30,165▲ 35.5%
2024 · €22,265
Net result
€7,826▲ 30.5%
2024 · €5,998
Working capital
€16,214▲ 182%
2024 · €5,752
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, 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
Operating result€1,963▼ 64.5%-€26,873€18,861€6,406▼ 66.0%€7,934▲ 23.9%
Net result€1,692within the sector's middle half▼ 66.8%-€27,457below the sector's middle half€18,732within the sector's middle half€5,998within the sector's middle half▼ 68.0%€7,826within the sector's middle half▲ 30.5%
Equity€21,656within the sector's middle half▲ 8.5%-€5,801below the sector's middle half€12,931within the sector's middle half€18,929within the sector's middle half▲ 46.4%€26,755within the sector's middle half▲ 41.3%
Total assets€48,810below the sector's middle half▲ 61.6%€33,843below the sector's middle half▼ 30.7%€14,452below the sector's middle half▼ 57.3%€22,265below the sector's middle half▲ 54.1%€30,165below the sector's middle half▲ 35.5%
Debt€27,154▲ 165%€39,644▲ 46.0%€1,521▼ 96.2%€3,336▲ 119%€3,410▲ 2.2%
Working capital€21,386within the sector's middle half▲ 8.6%-€10,472below the sector's middle half€12,661within the sector's middle half€5,752within the sector's middle half▼ 54.6%€16,214within the sector's middle half▲ 182%
Solvency44.4%within the sector's middle half▼ 21.7pp-17.1%below the sector's middle half▼ 61.5pp89.5%above the sector's middle half▲ 106.6pp85.0%above the sector's middle half▼ 4.5pp88.7%above the sector's middle half▲ 3.7pp
Current ratio1.79within the sector's middle half▼ 1.140.74below the sector's middle half▼ 1.059.32above the sector's middle half▲ 8.592.72within the sector's middle half▼ 6.605.75above the sector's middle half▲ 3.03
Return on assets (ROA)3.5%within the sector's middle half▼ 13.4pp-81.1%below the sector's middle half▼ 84.6pp129.6%above the sector's middle half▲ 210.7pp26.9%above the sector's middle half▼ 102.7pp25.9%above the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, 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 recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,165
Fixed assets
€10,541 ▼ 20.0%
Current assets
€19,624 ▲ 116%
Equity and liabilities €30,165
Equity
€26,755 ▲ 41.3%
Debt
€3,410 ▲ 2.2%
Debt's share of the balance-sheet total falls from 15.0% to 11.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,570▲
2024 · €6,681
Cash flow
€10,462▲
2024 · €6,273
Debt to equity
0.13▼
2024 · 0.18
ROE
29.3%▼
2024 · 31.7%
Interest coverage
97.87▲
2024 · 16.38
Debt ≤ 1 year
€3,410▲
2024 · €3,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €275 | €2,636 | ▲ 859% |
| Other operating charges640/8 | €348 | €348 | - | €582 | €620 | ▲ 6.5% |
| Gross operating margin9900 | €2,311 | -€26,525 | €18,861 | €7,263 | €11,190 | ▲ 54.1% |
| Operating profit (loss)9901 | €1,963 | -€26,873 | €18,861 | €6,406 | €7,934 | ▲ 23.9% |
| Financial charges65/66B | €271 | €584 | €129 | €408 | €108 | ▼ 73.5% |
| Recurring financial charges65 | €271 | €584 | €129 | €408 | €108 | ▼ 73.5% |
| Profit (loss) for the period before taxes9903 | €1,692 | -€27,457 | €18,732 | €5,998 | €7,826 | ▲ 30.5% |
| Profit (loss) for the period9904 | €1,692 | -€27,457 | €18,732 | €5,998 | €7,826 | ▲ 30.5% |
| Profit (loss) for the period to be appropriated9905 | €1,692 | -€27,457 | €18,732 | €5,998 | €7,826 | ▲ 30.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,810 | €33,843 | €14,452 | €22,265 | €30,165 | ▲ 35.5% |
| Fixed assets21/28 | €270 | €4,671 | €270 | €13,177 | €10,541 | ▼ 20.0% |
| Tangible fixed assets22/27 | - | €4,401 | - | €12,907 | €10,271 | ▼ 20.4% |
| Plant, machinery and equipment23 | - | €4,401 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €12,907 | €10,271 | ▼ 20.4% |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €48,540 | €29,172 | €14,182 | €9,088 | €19,624 | ▲ 116% |
| Stocks and contracts in progress3 | €8,447 | €5,502 | €5,070 | - | - | - |
| Stocks30/36 | €8,447 | €5,502 | €5,070 | - | - | - |
| Amounts receivable within one year40/41 | €39,486 | €14,896 | €323 | €2,910 | €5,289 | ▲ 81.8% |
| Trade receivables40 | €27,354 | €10,686 | - | €2,910 | €4,398 | ▲ 51.1% |
| Other amounts receivable41 | €12,132 | €4,210 | €323 | - | €891 | - |
| Cash at bank and in hand54/58 | €607 | €8,774 | €8,789 | €6,178 | €14,335 | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,810 | €33,843 | €14,452 | €22,265 | €30,165 | ▲ 35.5% |
| Equity10/15 | €21,656 | -€5,801 | €12,931 | €18,929 | €26,755 | ▲ 41.3% |
| Contributions10/11 | €18,600 | €18,600 | - | - | - | - |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €4,117 | €4,117 | €22,717 | €22,717 | €22,717 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €2,257 | €2,257 | €22,717 | €22,717 | €22,717 | = |
| Profit (loss) carried forward14 | -€1,061 | -€28,518 | -€9,786 | -€3,788 | €4,038 | ▲ 207% |
| Amounts payable17/49 | €27,154 | €39,644 | €1,521 | €3,336 | €3,410 | ▲ 2.2% |
| Amounts payable within one year42/48 | €27,154 | €39,644 | €1,521 | €3,336 | €3,410 | ▲ 2.2% |
| Trade debts44 | €24,277 | €36,767 | - | €1,815 | €1,889 | ▲ 4.1% |
| Suppliers440/4 | €24,277 | €36,767 | - | €1,815 | €1,889 | ▲ 4.1% |
| Other amounts payable47/48 | €2,877 | €2,877 | €1,521 | €1,521 | €1,521 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,692 | -€27,457 | €18,732 | €5,998 | €7,826 | ▲ 30.5% |
| + Depreciation and write-downs630 | - | - | - | €275 | €2,636 | ▲ 859% |
| Operating cash flow (approximation) | €1,692 | -€27,457 | €18,732 | €6,273 | €10,462 | ▲ 66.8% |
| Investment in fixed assets (approximation) | - | -€4,401 | €4,401 | -€13,182 | €0 | ▲ 100% |
| Change in cash | - | €8,167 | €15 | -€2,611 | €8,157 | ▲ 412% |
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
Liquidity doublescurrent ratio 5.75
Current ratio from 2.72 to 5.75.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €18,732
Net result €18,732 after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 9.32
Current ratio from 0.74 to 9.32; short-term debt falls from €39,644 to €1,521.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€27,457
Net result drops to -€27,457, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Anderlecht · 1 establishment unit since 1992
Ground area
457 m²
Building footprint
504 m²
Volume, LiDAR
3,836 m³
2 parcels, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Van Wambekestraat 11, 1070 Anderlecht
since 19922.059.627.922
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0016/00L007 | Brussels | 261 m² | 1 · 382 m² | 11.6 m · 2 fl. |
| 21302A0017/00X009 | Brussels | 196 m² | 1 · 121 m² | 14.7 m · 4 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.
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Of 125 companies in sector 17120 we hold annual accounts for 93. 28 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
Founded10-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
20412Manufacture of chemicals and chemical products
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448583032
Also
9925:BE0448583032
Registered
08-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.