MECOTECH
ActiveSummary
MECOTECH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €493,234 and a net result of €125,207. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 1041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+7
Solvency51▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.21 in 2024; short-term debt: 51.8% and cash: 2.6% of total assets), and 74.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
25.6%
Return on assets
6.5%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1041 sector peers (2025).
NBB · sector comparisonPosition among 1041 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
49 d early
2023
50 d early
2022
39 d early
2021
41 d early
2020
47 d early
2019
98 d early
← 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 53 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Houthulst, Manufacturing sector#6 company by equity in Houthulst, Manufacturing sector#10 oldest company in Houthulst, Manufacturing sector
Equity
€493,234▲ 34.0%
2024 · €368,027
Total assets
€1.9m▲ 15.0%
2024 · €1.7m
Net result
€125,207▲ 671%
2024 · €16,236
Working capital
€216,646▲ 20.7%
2024 · €179,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€100,956▲ 47.3%-€76,429€62,430€53,485▼ 14.3%€185,530▲ 247%
Net result€63,860within the sector's middle half▲ 44.6%-€89,381below the sector's middle half€27,836within the sector's middle half€16,236within the sector's middle half▼ 41.7%€125,207within the sector's middle half▲ 671%
Equity€413,336within the sector's middle half▲ 18.3%€323,955within the sector's middle half▼ 21.6%€351,791within the sector's middle half▲ 8.6%€368,027within the sector's middle half▲ 4.6%€493,234within the sector's middle half▲ 34.0%
Total assets€1.2mwithin the sector's middle half▲ 6.5%€2.0mwithin the sector's middle half▲ 65.0%€1.8mwithin the sector's middle half▼ 8.4%€1.7mwithin the sector's middle half▼ 6.4%€1.9mwithin the sector's middle half▲ 15.0%
Debt€771,208▲ 1.1%€1.6m▲ 111%€1.4m▼ 11.8%€1.3m▼ 9.0%€1.4m▲ 9.6%
Working capital€358,619within the sector's middle half▼ 3.0%€112,404within the sector's middle half▼ 68.7%€195,149within the sector's middle half▲ 73.6%€179,454within the sector's middle half▼ 8.0%€216,646within the sector's middle half▲ 20.7%
Solvency34.9%within the sector's middle half▲ 3.5pp16.6%below the sector's middle half▼ 18.3pp19.7%below the sector's middle half▲ 3.1pp22.0%below the sector's middle half▲ 2.3pp25.6%below the sector's middle half▲ 3.6pp
Current ratio1.70within the sector's middle half▼ 0.191.12below the sector's middle half▼ 0.581.23within the sector's middle half▲ 0.101.21within the sector's middle half▼ 0.021.22within the sector's middle half=
Return on assets (ROA)5.4%within the sector's middle half▲ 1.4pp-4.6%below the sector's middle half▼ 10.0pp1.6%within the sector's middle half▲ 6.1pp1.0%within the sector's middle half▼ 0.6pp6.5%within the sector's middle half▲ 5.5pp
Staff (FTE)17above the sector's middle half▲ 1.2%14.6within the sector's middle half▼ 14.1%16.9above the sector's middle half▲ 15.8%17.6above the sector's middle half▲ 4.1%16.4above the sector's middle half▼ 6.8%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 247% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€711,564 ▲ 9.0%
Current assets
€1.2m ▲ 18.8%
Equity and liabilities €1.9m
Equity
€493,234 ▲ 34.0%
Debt
€1.4m ▲ 9.6%
Debt's share of the balance-sheet total falls from 78.0% to 74.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€407,549▲
2024 · €301,700
Cash flow
€347,226▲
2024 · €264,451
Quick ratio
0.73▲
2024 · 0.64
Debt to equity
2.91▼
2024 · 3.55
ROE
25.4%▲
2024 · 4.4%
Interest coverage
10.19▲
2024 · 8.16
Debt ≤ 1 year
€998,580▲
2024 · €843,604
Debt > 1 year
€434,976▼
2024 · €464,311
Income taxes
€20,680▲
2024 · €896
Staff costs
€1.1m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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 2,605 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €993,029 | €1.0m | €1.4m | €1.4m | €1.1m | ▼ 15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121,153 | €225,612 | €262,558 | €248,215 | €222,019 | ▼ 10.6% |
| Other operating charges640/8 | €5,758 | €2,484 | €17,369 | €18,925 | €19,094 | ▲ 0.9% |
| Non-recurring operating charges66A | - | - | - | €201 | - | - |
| Gross operating margin9900 | €1.2m | €1.2m | €1.7m | €1.7m | €1.6m | ▼ 6.5% |
| Operating profit (loss)9901 | €100,956 | -€76,429 | €62,430 | €53,485 | €185,530 | ▲ 247% |
| Financial income75/76B | €491 | €646 | €647 | €622 | €359 | ▼ 42.3% |
| Recurring financial income75 | €491 | €646 | €647 | €622 | €359 | ▼ 42.3% |
| Financial charges65/66B | €7,335 | €18,592 | €33,921 | €36,975 | €40,002 | ▲ 8.2% |
| Recurring financial charges65 | €7,335 | €18,592 | €33,921 | €36,975 | €40,002 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €94,112 | -€94,375 | €29,156 | €17,132 | €145,887 | ▲ 752% |
| Income taxes67/77 | €30,252 | -€4,994 | €1,320 | €896 | €20,680 | ▲ 2,208% |
| Profit (loss) for the period9904 | €63,860 | -€89,381 | €27,836 | €16,236 | €125,207 | ▲ 671% |
| Profit (loss) for the period to be appropriated9905 | €63,860 | -€89,381 | €27,836 | €16,236 | €125,207 | ▲ 671% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €2.0m | €1.8m | €1.7m | €1.9m | ▲ 15.0% |
| Fixed assets21/28 | €315,961 | €932,778 | €740,485 | €652,884 | €711,564 | ▲ 9.0% |
| Intangible fixed assets21 | €190 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €314,521 | €931,528 | €739,235 | €651,634 | €710,314 | ▲ 9.0% |
| Land and buildings22 | - | €14,768 | €76,048 | €72,328 | €68,608 | ▼ 5.1% |
| Plant, machinery and equipment23 | €193,879 | €295,234 | €201,269 | €253,579 | €202,128 | ▼ 20.3% |
| Furniture and vehicles24 | €76,564 | €56,787 | €39,718 | €31,374 | €46,743 | ▲ 49.0% |
| Leasing and similar rights25 | €44,078 | €564,739 | €422,200 | €294,353 | €392,835 | ▲ 33.5% |
| Financial fixed assets28 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €868,583 | €1.0m | €1.0m | €1.0m | €1.2m | ▲ 18.8% |
| Stocks and contracts in progress3 | €297,854 | €339,886 | €433,421 | €480,908 | €481,472 | ▲ 0.1% |
| Stocks30/36 | €227,791 | €256,204 | €304,544 | €343,542 | €342,627 | ▼ 0.3% |
| Contracts in progress37 | €70,063 | €83,682 | €128,877 | €137,366 | €138,845 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €440,774 | €643,813 | €585,512 | €505,028 | €676,516 | ▲ 34.0% |
| Trade receivables40 | €391,913 | €626,987 | €582,060 | €501,376 | €642,751 | ▲ 28.2% |
| Other amounts receivable41 | €48,861 | €16,826 | €3,452 | €3,652 | €33,765 | ▲ 825% |
| Cash at bank and in hand54/58 | €125,897 | €29,905 | €23,885 | €32,871 | €50,764 | ▲ 54.4% |
| Deferred charges and accrued income490/1 | €4,058 | €8,209 | €6,291 | €4,251 | €6,474 | ▲ 52.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €2.0m | €1.8m | €1.7m | €1.9m | ▲ 15.0% |
| Equity10/15 | €413,336 | €323,955 | €351,791 | €368,027 | €493,234 | ▲ 34.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €392,876 | €303,495 | €331,331 | €347,567 | €472,774 | ▲ 36.0% |
| Amounts payable17/49 | €771,208 | €1.6m | €1.4m | €1.3m | €1.4m | ▲ 9.6% |
| Amounts payable after more than one year17 | €261,244 | €721,227 | €583,843 | €464,311 | €434,976 | ▼ 6.3% |
| Financial debts170/4 | €261,244 | €721,227 | €583,843 | €464,311 | €434,976 | ▼ 6.3% |
| Amounts payable within one year42/48 | €509,964 | €909,409 | €853,960 | €843,604 | €998,580 | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | €129,388 | €195,092 | €193,603 | €225,306 | €256,147 | ▲ 13.7% |
| Financial debts43 | €99,653 | €95,094 | €102,393 | €102,572 | €113,104 | ▲ 10.3% |
| Credit institutions430/8 | €99,653 | €95,094 | €102,393 | €102,572 | €113,104 | ▲ 10.3% |
| Trade debts44 | €244,641 | €366,081 | €320,436 | €263,866 | €287,683 | ▲ 9.0% |
| Suppliers440/4 | €244,641 | €366,081 | €320,436 | €263,866 | €287,683 | ▲ 9.0% |
| Taxes, remuneration and social security45 | €31,266 | €94,826 | €90,038 | €87,428 | €123,297 | ▲ 41.0% |
| Taxes450/3 | €7,478 | €20,723 | €19,873 | €20,082 | €26,314 | ▲ 31.0% |
| Remuneration and social security454/9 | €23,788 | €74,103 | €70,165 | €67,346 | €96,983 | ▲ 44.0% |
| Other amounts payable47/48 | €5,016 | €158,316 | €147,490 | €164,432 | €218,349 | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,860 | -€89,381 | €27,836 | €16,236 | €125,207 | ▲ 671% |
| + Depreciation and write-downs630 | €121,153 | €225,612 | €262,558 | €248,215 | €222,019 | ▼ 10.6% |
| Operating cash flow (approximation) | €185,013 | €136,231 | €290,394 | €264,451 | €347,226 | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | -€842,429 | -€70,265 | -€160,614 | -€280,699 | ▼ 74.8% |
| Change in cash | - | -€95,992 | -€6,020 | €8,986 | €17,893 | ▲ 99.1% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €125,207 ▲671%
Operating result €185,530, net result €125,207, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €27,836
Net result €27,836 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€89,381
Net result drops to -€89,381, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Houthulst · 1 establishment unit since 2011
Ground area
4,660 m²
Building footprint
2,652 m²
Volume, LiDAR
1,012 m³
Parcel 32006D0326/00G000, Flanders · tallest building 12.3 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Adhemar Lavensstraat 8, 8650 Houthulst
since 20112.203.287.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006D0326/00G000 | Flanders | 4,660 m² | 1 · 2,652 m² | 12.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,183 EUR awarded · 1,557 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 165 EUR | 165 EUR |
| 2024 | 1 | 500 EUR | 500 EUR |
| 2023 | 1 | 462 EUR | 836 EUR |
| 2022 | 1 | 56 EUR | 56 EUR |
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,286 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
Founded08-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823707370
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.