MECOTEC
ActiveSummary
MECOTEC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €348,840 and a net result of €132,689. Equity is shrinking by ~43.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 19% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+62
Solvency39▲+39
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.6 in 2023; short-term debt: 84.5% and cash: 3.4% of total assets), and 86.1% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1117 sector peers (2024).
NBB · sector comparisonPosition among 1117 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
26 d early
2022
21 d early
2021
2 d early
2020
5 d early
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 employer in Hainaut, Architecture and engineering sector#2 fastest grower in Hainaut, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€132,689
2023 · -€152,050
Working capital
€65,203
2023 · -€882,171
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
Line20202021202220232024
Operating result-€163,571▼ 573%-€242,340▼ 48.2%-€59,754▲ 75.3%-€70,783▼ 18.5%€332,126
Net result-€200,077▼ 165%-€263,147▼ 31.5%-€99,918▲ 62.0%-€152,050▼ 52.2%€132,689
Equity-€123,034-€386,181▼ 214%-€486,099▼ 25.9%-€638,149▼ 31.3%€348,840
Total assets€786,969▼ 34.1%€586,914▼ 25.4%€942,607▲ 60.6%€1.6m▲ 70.5%€2.5m▲ 56.0%
Debt€910,003▼ 18.6%€973,095▲ 6.9%€1.4m▲ 46.8%€2.2m▲ 57.2%€2.2m▼ 3.9%
Working capital-€183,108-€400,038▼ 118%-€577,343▼ 44.3%-€882,171▼ 52.8%€65,203
Staff (FTE)34.6▼ 10.4%34.7▲ 0.3%40.5▲ 16.7%48.8▲ 20.5%62.7▲ 28.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €332,126 after a loss of €70,783 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€288,545 ▲ 12.2%
Current assets
€2.2m ▲ 68.1%
Equity and liabilities €2.5m
Equity
€348,840
Debt
€2.2m
Debt finances 86.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€447,232▲
2023 · -€11,353
Cash flow
€247,795▲
2023 · -€92,620
Current ratio
1.03▲
2023 · 0.60
Debt to equity
6.19▲
2023 · -3.52
ROE
38.0%
ROA
5.3%▲
2023 · -9.5%
Interest coverage
5.29▲
2023 · -0.20
Debt ≤ 1 year
€2.1m▼
2023 · €2.2m
Debt > 1 year
€31,206▼
2023 · €64,591
Income taxes
€129,943▲
2023 · €26,856
Staff costs
€3.8m▲
2023 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €1.9m | €2.4m | €2.9m | €3.8m | ▲ 30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,579 | €44,746 | €34,788 | €59,430 | €115,107 | ▲ 93.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €56,542 | - |
| Other operating charges640/8 | - | €4,155 | €10,470 | €33,365 | €7,837 | ▼ 76.5% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - | -€48,683 | - | - |
| Gross operating margin9900 | €1.8m | €1.7m | €2.3m | €2.9m | €4.3m | ▲ 49.1% |
| Operating profit (loss)9901 | -€163,571 | -€242,340 | -€59,754 | -€70,783 | €332,126 | ▲ 569% |
| Financial income75/76B | - | €166 | €133 | €3,610 | €14,988 | ▲ 315% |
| Recurring financial income75 | €41 | €166 | €133 | €3,610 | €14,988 | ▲ 315% |
| Financial charges65/66B | - | €20,973 | €35,395 | €58,021 | €84,481 | ▲ 45.6% |
| Recurring financial charges65 | €31,552 | €20,973 | €35,395 | €58,021 | €84,481 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | -€195,082 | -€263,147 | -€95,016 | -€125,194 | €262,632 | ▲ 310% |
| Income taxes67/77 | €4,995 | €0 | €4,902 | €26,856 | €129,943 | ▲ 384% |
| Profit (loss) for the period9904 | -€200,077 | -€263,147 | -€99,918 | -€152,050 | €132,689 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | -€200,077 | -€263,147 | -€99,918 | -€152,050 | €132,689 | ▲ 187% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €786,969 | €586,914 | €942,607 | €1.6m | €2.5m | ▲ 56.0% |
| Formation expenses20 | €19,591 | €14,343 | €9,096 | €51,517 | €35,498 | ▼ 31.1% |
| Fixed assets21/28 | €55,981 | €48,493 | €82,149 | €257,097 | €288,545 | ▲ 12.2% |
| Intangible fixed assets21 | €4,030 | €0 | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €51,542 | €48,493 | €78,649 | €253,597 | €283,045 | ▲ 11.6% |
| Plant, machinery and equipment23 | - | €46,208 | €65,464 | €243,921 | €278,628 | ▲ 14.2% |
| Furniture and vehicles24 | - | €2,285 | €13,185 | €9,675 | €4,418 | ▼ 54.3% |
| Financial fixed assets28 | €408 | €0 | €3,500 | €3,500 | €5,500 | ▲ 57.1% |
| Current assets29/58 | €711,398 | €524,078 | €851,363 | €1.3m | €2.2m | ▲ 68.1% |
| Amounts receivable within one year40/41 | €538,139 | €397,892 | €619,161 | €963,101 | €2.1m | ▲ 116% |
| Trade receivables40 | - | €397,892 | €619,161 | €847,781 | €1.5m | ▲ 81.0% |
| Other amounts receivable41 | - | €0 | - | €115,320 | €542,171 | ▲ 370% |
| Cash at bank and in hand54/58 | €146,341 | €126,186 | €232,202 | €321,970 | €84,663 | ▼ 73.7% |
| Deferred charges and accrued income490/1 | - | €0 | - | €13,534 | €21,277 | ▲ 57.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €786,969 | €586,914 | €942,607 | €1.6m | €2.5m | ▲ 56.0% |
| Equity10/15 | -€123,034 | -€386,181 | -€486,099 | -€638,149 | €348,840 | ▲ 155% |
| Contributions10/11 | - | €41,300 | €41,300 | €41,300 | €895,600 | ▲ 2,069% |
| Reserves13 | €35,744 | €35,744 | €35,744 | €35,744 | €35,744 | = |
| Non-distributable reserves130/1 | - | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Reserves not available under the articles1311 | - | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Tax-exempt reserves132 | - | €154 | €154 | €154 | €154 | = |
| Distributable reserves133 | - | €31,189 | €31,189 | €31,189 | €31,189 | = |
| Profit (loss) carried forward14 | -€200,077 | -€463,224 | -€563,142 | -€715,192 | -€582,503 | ▲ 18.6% |
| Amounts payable17/49 | €910,003 | €973,095 | €1.4m | €2.2m | €2.2m | ▼ 3.9% |
| Amounts payable after more than one year17 | €15,496 | €48,979 | €0 | €64,591 | €31,206 | ▼ 51.7% |
| Financial debts170/4 | - | €48,979 | €0 | €64,591 | €31,206 | ▼ 51.7% |
| Amounts payable within one year42/48 | €894,506 | €924,116 | €1.4m | €2.2m | €2.1m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | €173,513 | €49,159 | €108,244 | €33,385 | ▼ 69.2% |
| Financial debts43 | - | €0 | €123,000 | €135,000 | €271,042 | ▲ 101% |
| Credit institutions430/8 | - | €0 | €123,000 | €135,000 | €271,042 | ▲ 101% |
| Trade debts44 | €341,239 | €428,048 | €703,440 | €1.3m | €1.2m | ▼ 13.6% |
| Suppliers440/4 | - | €428,048 | €703,440 | €1.3m | €1.2m | ▼ 13.6% |
| Taxes, remuneration and social security45 | - | €322,458 | €440,251 | €594,937 | €653,747 | ▲ 9.9% |
| Taxes450/3 | - | €54,487 | €82,191 | €269,054 | €251,732 | ▼ 6.4% |
| Remuneration and social security454/9 | - | €267,971 | €358,060 | €325,884 | €402,016 | ▲ 23.4% |
| Other amounts payable47/48 | - | €97 | €112,856 | €315 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €9,201 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€200,077 | -€263,147 | -€99,918 | -€152,050 | €132,689 | ▲ 187% |
| + Depreciation and write-downs630 | €39,579 | €44,746 | €34,788 | €59,430 | €115,107 | ▲ 93.7% |
| Operating cash flow (approximation) | -€160,497 | -€218,402 | -€65,130 | -€92,620 | €247,795 | ▲ 368% |
| Investment in fixed assets (approximation) | - | -€37,258 | -€68,444 | -€234,378 | -€146,556 | ▲ 37.5% |
| Change in cash | - | -€20,155 | €106,016 | €89,768 | -€237,307 | ▼ 364% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €132,689
Net result €132,689 after 6 loss-making years.
31-12
Financial
Equity above €200,000Eq €348,840
Equity rises from -€638,149 to €348,840.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€263,147
Net result drops to -€263,147, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Mons · 2 establishment units since 2018
Ground area
4,153 m²
Building footprint
698 m²
Volume, LiDAR
493 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue des Praules, Sauv. 20, 5030 Gembloux
since 20182.277.440.927
Rue du Temple (G.) 21+, 7011 Mons
since 20242.369.744.543
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0560/00H000 | Wallonia | 3,201 m² | 1 · 644 m² | - |
| 53030B0146/00L000 | Wallonia | 952 m² | 1 · 53 m² | 11.1 m · 3 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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,764 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
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
27900Manufacture of electrical equipment
46190Agents in non-specialised wholesale trade
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.