MECOTRANS
ActiveSummary
MECOTRANS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €325,824 and a net result of -€75,284. Equity is growing by ~65.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Freight transport by road
NACE 49410NACE 60242
1 site
How big
€512,125total assets 2024
- Staff
- 4.6 FTE
- Equity
- €325,824
- Loss
- -€75,284
Turnover not published (abridged schema)
Who decides
Accounts 35 d early0 of 3 deeds read
Why 64- Higher-failure-rate sector- Annual accounts: weaker financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-28
Solvency89▲+16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.93 in 2023; short-term debt: 34.2% and cash: 18.6% of total assets), and 36.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.6%
Return on assets
-14.7%
Age of the figures
21 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
14 d early
2023
29 d early
2022
32 d early
2021
23 d early
2020
9 d late
2019
4 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 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€75,284
Financials
Fiscal year 2024Total assets €512,125Loss -€75,284Solvency 63.6%Liquidity 2.19
Total assets
€512,125▼ 38.1%
2018 - 2024
Net result
-€75,284
2018 - 2024
Equity
€325,824▼ 18.8%
2018 - 2024
Staff (FTE)
4.6▼ 29.2%
2018 - 2024
Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53,544▼ 5.3%€179,322▲ 235%€218,216▲ 21.7%€109,163▼ 50.0%-€66,489
Net result€30,180within the sector's middle half▼ 33.5%€112,425within the sector's middle half▲ 273%€134,931within the sector's middle half▲ 20.0%€62,359within the sector's middle half▼ 53.8%-€75,284below the sector's middle half
Equity€91,393below the sector's middle half▲ 49.3%€203,818within the sector's middle half▲ 123%€338,749within the sector's middle half▲ 66.2%€401,108within the sector's middle half▲ 18.4%€325,824within the sector's middle half▼ 18.8%
Total assets€762,034within the sector's middle half▲ 9.6%€840,893within the sector's middle half▲ 10.3%€787,984within the sector's middle half▼ 6.3%€827,747within the sector's middle half▲ 5.0%€512,125below the sector's middle half▼ 38.1%
Debt€670,640▲ 5.8%€637,075▼ 5.0%€449,235▼ 29.5%€426,639▼ 5.0%€186,301▼ 56.3%
Working capital-€20,583below the sector's middle half▼ 203%€100,927within the sector's middle half€203,546within the sector's middle half▲ 102%€235,447within the sector's middle half▲ 15.7%€208,438within the sector's middle half▼ 11.5%
Solvency12.0%below the sector's middle half▲ 3.2pp24.2%within the sector's middle half▲ 12.2pp43.0%within the sector's middle half▲ 18.8pp48.5%within the sector's middle half▲ 5.5pp63.6%within the sector's middle half▲ 15.2pp
Current ratio0.92below the sector's middle half▼ 0.051.34within the sector's middle half▲ 0.411.91within the sector's middle half▲ 0.571.93within the sector's middle half▲ 0.022.19within the sector's middle half▲ 0.26
Return on assets (ROA)4.0%within the sector's middle half▼ 2.6pp13.4%above the sector's middle half▲ 9.4pp17.1%above the sector's middle half▲ 3.8pp7.5%within the sector's middle half▼ 9.6pp-14.7%below the sector's middle half▼ 22.2pp
Staff (FTE)7.4within the sector's middle half▲ 25.4%7.7within the sector's middle half▲ 4.1%7.1within the sector's middle half▼ 7.8%6.5within the sector's middle half▼ 8.5%4.6within the sector's middle half▼ 29.2%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €66,489 after €109,163 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €512,125
Fixed assets
€128,765 ▼ 62.1%
Current assets
€383,360 ▼ 21.5%
Equity and liabilities €512,125
Equity
€325,824 ▼ 18.8%
Debt
€186,301 ▼ 56.3%
Debt's share of the balance-sheet total falls from 51.5% to 36.4%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€62,764▼
2023 · €256,422
Cash flow
€53,969▼
2023 · €209,617
Debt to equity
0.57▼
2023 · 1.06
ROE
-23.1%▼
2023 · 15.5%
Interest coverage
6.32▼
2023 · 19.98
Debt ≤ 1 year
€174,922▼
2023 · €252,887
Debt > 1 year
€11,379▼
2023 · €173,751
Income taxes
€0▼
2023 · €34,517
Staff costs
€203,858▼
2023 · €324,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,834 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,050 | - | €83 | €43,961 | ▲ 53,096% |
| Remuneration, social security and pensions62 | - | €377,114 | €325,378 | €324,590 | €203,858 | ▼ 37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140,495 | €150,113 | €149,504 | €147,259 | €129,253 | ▼ 12.2% |
| Other operating charges640/8 | - | €10,025 | €4,895 | €8,355 | €2,525 | ▼ 69.8% |
| Non-recurring operating charges66A | - | - | €250 | €250 | €1,013 | ▲ 305% |
| Gross operating margin9900 | €532,350 | €716,575 | €698,243 | €589,617 | €270,161 | ▼ 54.2% |
| Operating profit (loss)9901 | €53,544 | €179,322 | €218,216 | €109,163 | -€66,489 | ▼ 161% |
| Financial income75/76B | - | €0 | €542 | €545 | €1,134 | ▲ 108% |
| Recurring financial income75 | €17 | €0 | €542 | €545 | €1,134 | ▲ 108% |
| Financial charges65/66B | - | €19,378 | €16,661 | €12,832 | €9,930 | ▼ 22.6% |
| Recurring financial charges65 | €19,923 | €19,378 | €16,661 | €12,832 | €9,930 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €33,639 | €159,944 | €202,097 | €96,876 | -€75,284 | ▼ 178% |
| Income taxes67/77 | €3,458 | €47,520 | €67,166 | €34,517 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €30,180 | €112,425 | €134,931 | €62,359 | -€75,284 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | €30,180 | €112,425 | €134,931 | €62,359 | -€75,284 | ▼ 221% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €762,034 | €840,893 | €787,984 | €827,747 | €512,125 | ▼ 38.1% |
| Fixed assets21/28 | €517,155 | €440,658 | €360,175 | €339,412 | €128,765 | ▼ 62.1% |
| Tangible fixed assets22/27 | €511,655 | €435,158 | €354,675 | €333,912 | €123,265 | ▼ 63.1% |
| Land and buildings22 | - | €1,914 | €1,440 | €967 | €773 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €1,223 | €46,870 | €35,689 | €26,279 | ▼ 26.4% |
| Furniture and vehicles24 | - | €29,496 | €35,150 | €56,289 | €41,164 | ▼ 26.9% |
| Leasing and similar rights25 | - | €402,525 | €271,215 | €240,968 | €55,049 | ▼ 77.2% |
| Financial fixed assets28 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Current assets29/58 | €244,879 | €400,235 | €427,809 | €488,335 | €383,360 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €112,440 | €146,064 | €187,285 | €261,346 | €254,189 | ▼ 2.7% |
| Trade receivables40 | - | €143,224 | €170,849 | €228,524 | €228,299 | ▼ 0.1% |
| Other amounts receivable41 | - | €2,839 | €16,436 | €32,822 | €25,891 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €69,629 | €198,240 | €196,763 | €171,860 | €95,108 | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €55,931 | €43,761 | €55,129 | €34,063 | ▼ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €762,034 | €840,893 | €787,984 | €827,747 | €512,125 | ▼ 38.1% |
| Equity10/15 | €91,393 | €203,818 | €338,749 | €401,108 | €325,824 | ▼ 18.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,793 | €185,218 | €320,149 | €382,508 | €380,648 | ▼ 0.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €183,358 | €318,289 | €382,508 | €380,648 | ▼ 0.5% |
| Profit (loss) carried forward14 | -€4,651 | - | - | - | -€73,424 | - |
| Amounts payable17/49 | €670,640 | €637,075 | €449,235 | €426,639 | €186,301 | ▼ 56.3% |
| Amounts payable after more than one year17 | €405,179 | €326,557 | €224,972 | €173,751 | €11,379 | ▼ 93.5% |
| Financial debts170/4 | - | €326,557 | €224,972 | €173,751 | €11,379 | ▼ 93.5% |
| Amounts payable within one year42/48 | €265,461 | €299,308 | €224,263 | €252,887 | €174,922 | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | - | €143,234 | €141,940 | €139,014 | €89,880 | ▼ 35.3% |
| Financial debts43 | - | €50,000 | - | - | - | - |
| Credit institutions430/8 | - | €50,000 | - | - | - | - |
| Trade debts44 | €20,894 | €3,614 | €25,555 | €72,671 | €59,253 | ▼ 18.5% |
| Suppliers440/4 | - | €3,614 | €25,555 | €72,671 | €59,253 | ▼ 18.5% |
| Taxes, remuneration and social security45 | - | €102,461 | €53,287 | €32,485 | €17,647 | ▼ 45.7% |
| Taxes450/3 | - | €66,555 | €22,191 | - | - | - |
| Remuneration and social security454/9 | - | €35,905 | €31,097 | €32,485 | €17,647 | ▼ 45.7% |
| Other amounts payable47/48 | - | - | €3,481 | €8,717 | €8,142 | ▼ 6.6% |
| Accrued charges and deferred income492/3 | - | €11,210 | €0 | €0 | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,180 | €112,425 | €134,931 | €62,359 | -€75,284 | ▼ 221% |
| + Depreciation and write-downs630 | €140,495 | €150,113 | €149,504 | €147,259 | €129,253 | ▼ 12.2% |
| Operating cash flow (approximation) | €170,676 | €262,537 | €284,435 | €209,617 | €53,969 | ▼ 74.3% |
| Investment in fixed assets (approximation) | - | -€73,616 | -€69,020 | -€126,496 | €81,394 | ▲ 164% |
| Change in cash | - | €128,611 | -€1,478 | -€24,903 | -€76,752 | ▼ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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Vervoer Van De Vyver
BE 0457.881.372
Lokeren · Eq €325,532
CONTAINERDIENST VERSCHUEREN
BE 0449.876.892
Mechelen · Eq €325,498
TRANSPORT BRILLE
BE 0426.551.164
Menen · Eq €326,309
Of 12,573 companies in this sector we hold annual accounts for 8,205. 5,762 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 26-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€75,284
Net result drops to -€75,284, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €134,931 ▲20%
Operating result €218,216, net result €134,931, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €203,818 ▲123%
3 profitable years in a row build equity to €203,818.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €45,404
Net result €45,404 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Support & recognitions
1 funding sourceFlanders €375
Flemish government
€375
awarded · 2022
Subsidies and aid
Flemish government
2022 · 1 entry · €375 awarded · €375 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €375 | €375 |
Company details
Private limited company · founded 20-02-2001Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded20-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474131149
Also
9925:BE0474131149
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 2001
Ground area
905 m²
Building footprint
212 m²
Volume, LiDAR
843 m³
Parcel 73094B1148/00B000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MECOTRANS
since 2001unit no. 2.097.981.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73094B1148/00B000 | Flanders | 905 m² | 1 · 212 m² | 6.7 m · 1 fl. |
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.
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 What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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