MEDA
ActiveSummary
MEDA has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,401 and a net result of €25,675. Equity has been shrinking by about 9.9% per year since 2018. Its solvency ranks better than 83% of 11,775 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-09-1994 Normal situation
- Registered office
- 22 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Activities of building architects NACE 71111and 6 others
- Establishment unit
- 2.069.405.423 7034 Mons, since 20-12-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Board and ownership
- CREADE CONSULTDaily manager · permanent representative Vincent VANDERVEKEN
- JUL'INVESTDaily manager · permanent representative Quentin SAELENS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €58,541
- ▼ 22.7%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €25,675
- ▼ 30.7%
- Equity
- €88,401
- ▲ 40.9%
- Total assets
- €105,970
- ▼ 21.6%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 5.54, cash €43,402Equity €88,401 (83.4% of total assets)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 74% on profitability and 79% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 32 filings
Every figure per financial year
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,249 | €1,044 | €16,855 | €851 | €3,406 |
| Depreciation and write-downs of the year | €13,078 | €10,479 | €10,843 | €11,789 | €12,145 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €81 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,609 | €17,370 | €15,165 | €13,078 | €10,479 | €10,843 | €11,789 | €12,145 | ▲ 3.0% |
| Other operating charges640/8 | - | - | - | €6,384 | €6,283 | €6,931 | €7,155 | €8,092 | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | - | - | €177 | - | - | €2,246 | - |
| Gross operating margin9900 | €75,910 | €64,376 | €59,526 | €67,444 | €73,202 | €56,053 | €75,696 | €58,541 | ▼ 22.7% |
| Operating profit (loss)9901 | €51,065 | €40,739 | €38,234 | €47,982 | €56,264 | €38,279 | €56,751 | €36,058 | ▼ 36.5% |
| Financial income75/76B | - | - | - | €1 | €0 | €19 | €44 | €46 | ▲ 5.3% |
| Recurring financial income75 | €7 | €32 | €12 | €1 | €0 | €19 | €44 | €46 | ▲ 5.3% |
| Financial charges65/66B | - | - | - | €120 | €68 | €66 | €119 | €96 | ▼ 19.6% |
| Recurring financial charges65 | €60 | €86 | €67 | €120 | €68 | €66 | €119 | €96 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €51,012 | €40,685 | €38,179 | €47,863 | €56,196 | €38,231 | €56,676 | €36,008 | ▼ 36.5% |
| Income taxes67/77 | €16,859 | €13,710 | €11,011 | €13,501 | €15,657 | €13,601 | €19,635 | €10,334 | ▼ 47.4% |
| Profit (loss) for the period9904 | €34,153 | €26,974 | €27,168 | €34,362 | €40,540 | €24,630 | €37,042 | €25,675 | ▼ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €34,153 | €26,974 | €27,168 | €34,362 | €40,540 | €24,630 | €37,042 | €25,675 | ▼ 30.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €195,278 | €186,912 | €163,982 | €155,113 | €160,597 | €145,316 | €135,252 | €105,970 | ▼ 21.6% |
| Fixed assets21/28 | €119,973 | €102,602 | €88,671 | €81,841 | €72,407 | €78,418 | €67,480 | €58,741 | ▼ 12.9% |
| Intangible fixed assets21 | €37,286 | €31,959 | €26,633 | €21,306 | €15,980 | €10,653 | €5,327 | - | - |
| Tangible fixed assets22/27 | €82,687 | €70,643 | €62,039 | €60,535 | €56,427 | €67,765 | €62,153 | €58,741 | ▼ 5.5% |
| Land and buildings22 | - | - | - | €59,889 | €55,913 | €67,384 | €61,077 | €56,016 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | €647 | €514 | €381 | €1,077 | €2,725 | ▲ 153% |
| Current assets29/58 | €75,306 | €84,310 | €75,310 | €73,271 | €88,190 | €66,898 | €67,772 | €47,229 | ▼ 30.3% |
| Amounts receivable within one year40/41 | €11,623 | €10,721 | €3,484 | €7,022 | €2,915 | €2,653 | €969 | €2,178 | ▲ 125% |
| Trade receivables40 | - | - | - | €7,022 | €929 | €1,004 | €969 | €418 | ▼ 56.8% |
| Other amounts receivable41 | - | - | - | - | €1,986 | €1,649 | - | €1,760 | - |
| Cash at bank and in hand54/58 | €62,567 | €72,379 | €70,094 | €64,468 | €80,581 | €49,416 | €55,287 | €43,402 | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,781 | €4,693 | €14,829 | €11,516 | €1,649 | ▼ 85.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €195,278 | €186,912 | €163,982 | €155,113 | €160,597 | €145,316 | €135,252 | €105,970 | ▼ 21.6% |
| Equity10/15 | €155,576 | €155,800 | €114,679 | €115,041 | €115,581 | €82,948 | €62,726 | €88,401 | ▲ 40.9% |
| Contributions10/11 | €104,115 | €104,115 | €104,115 | €104,115 | €104,115 | €57,263 | - | - | - |
| Capital10 | - | - | - | €104,115 | €104,115 | - | - | - | - |
| Issued capital100 | - | - | - | €104,115 | €104,115 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €57,263 | - | - | - |
| Other1109/19 | - | - | - | - | - | €57,263 | - | - | - |
| Reserves13 | €51,461 | €51,685 | €10,564 | €10,926 | €11,466 | €25,685 | €62,726 | €88,401 | ▲ 40.9% |
| Non-distributable reserves130/1 | - | - | - | €10,412 | €10,412 | - | - | - | - |
| Legal reserve130 | - | - | - | €10,412 | €10,412 | - | - | - | - |
| Distributable reserves133 | - | - | - | €515 | €1,054 | €25,685 | €62,726 | €88,401 | ▲ 40.9% |
| Amounts payable17/49 | €39,702 | €31,111 | €49,302 | €40,071 | €45,015 | €62,368 | €72,525 | €17,569 | ▼ 75.8% |
| Amounts payable after more than one year17 | €3,577 | €2,850 | €2,601 | €2,660 | €4,740 | €4,240 | €5,040 | €7,818 | ▲ 55.1% |
| Other amounts payable178/9 | - | - | - | €2,660 | €4,740 | €4,240 | €5,040 | €7,818 | ▲ 55.1% |
| Amounts payable within one year42/48 | €36,125 | €28,261 | €46,701 | €37,411 | €40,275 | €58,128 | €67,476 | €8,530 | ▼ 87.4% |
| Trade debts44 | €823 | €562 | €348 | - | - | €297 | €1,057 | €771 | ▼ 27.0% |
| Suppliers440/4 | - | - | - | - | - | €297 | €1,057 | €771 | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | - | - | €2,671 | - | - | €7,770 | €7,621 | ▼ 1.9% |
| Taxes450/3 | - | - | - | €2,671 | - | - | €7,770 | €7,621 | ▼ 1.9% |
| Other amounts payable47/48 | - | - | - | €34,740 | €40,275 | €57,830 | €58,649 | €137 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €9 | €1,221 | ▲ 136× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,153 | €26,974 | €27,168 | €34,362 | €40,540 | €24,630 | €37,042 | €25,675 | ▼ 30.7% |
| + Depreciation and write-downs630 | €18,609 | €17,370 | €15,165 | €13,078 | €10,479 | €10,843 | €11,789 | €12,145 | ▲ 3.0% |
| Operating cash flow (approximation) | €52,762 | €44,345 | €42,334 | €47,441 | €51,019 | €35,473 | €48,831 | €37,819 | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | €0 | -€1,234 | -€6,249 | -€1,044 | -€16,855 | -€851 | -€3,406 | ▼ 300% |
| Change in cash | - | €9,812 | -€2,285 | -€5,626 | €16,113 | -€31,166 | €5,872 | -€11,886 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as MEDA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MEDA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for MEDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00222495 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00213638 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00128536 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00105765 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20162487 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28300515 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-36300143 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42900263 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-29400492 | |
| 31-12-2016 | micro format | 29-05-2017 | 2017-13500133 |
Board & ownership
Directors
Board 2
Day-to-day management 2
Permanent representatives 2
Owners and capital
Shareholders
- to JUL'INVEST (BE 0744.952.872)
- to CREADE CONSULT (BE 0880.298.655)
Capital transactions
- 11-01-2024 Converted to unavailable equity
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CREADE CONSULT |
|
| JUL'INVEST |
|
| GUERLEMENT Guy |
|
| STIEVENART Luc, Alfred |
|
| Jocelyne DE WEIRELD |
|
| Marie-Lise BISET |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “L'assemblée générale décide si le mandat d'administrateur est ou non exercé à titre gratuit, Cette rémunération sera portée aux frais…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Dissolution, La société peut être dissoute en tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les…”
Articles of association, deed of 11-01-2024 (in French)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
02-04
Gazette deed
Registered office moved from Peruwelz to ObourgNew seat: Rue de Saint-Denis, 202 7034 OBOURG · Previous seat: Boulevard Léopold III, 77 7600 PERUWELZ · Resignations: Guy GUERLEMENT, Luc STIEVENART and 2 others18 points ▸
- General meeting, 26-12-2025
- Share transfer, JUL'INVEST
- Share transfer, CREADE CONSULT
- Director in office, Guy GUERLEMENT (director and daily management delegate)
- Director in office, Luc STIEVENART (managing director)
- Director in office, Quentin SAELENS (director)
- Director in office, Vincent VANDERVEKEN (director)
- Director resignation, Guy GUERLEMENT (director and daily management delegate)
- Director resignation, Luc STIEVENART (director and managing director)
- Director resignation, Marie-Lise BISET (director and managing director)
- Director resignation, Jocelyne DE WEIRELD (director and managing director)
- Director appointment, CREADE CONSULT (director (not named in the articles) and daily management delegate)
- The act holds 6 more points.
11-01
Gazette deed
Appointments: GUERLEMENT Guy (director) and STIEVENART Luc, Alfred (director)Declaration · Legal-form conversion · Net-asset statement17 points ▸
- General meeting, 14-12-2023
- Director in office, STIEVENART Luc, Alfred (managing director)
- Declaration, “rapports sans observation particulière, adhésion aux conclusions” (deed in French)
- Declaration, “quorum atteint, totalité des actionnaires” (deed in French)
- Legal-form conversion, “Société à responsabilité limitée” (deed in French)
- Net-asset statement, 30-09-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “transformation en compte de capitaux propres disponible, libération des montants” (deed in French)
- Registered-office move, région wallonne
- Amendment of the articles
- Capital
- Director appointment, GUERLEMENT Guy (director (not named in the articles))
- The act holds 5 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Boulevard Léopold III,77, 7600 Peruwelz until 26-12-2025 · act of 02-04-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
7 activities
- La gestion de son patrimoine immobilier et en général l'entreprise de toutes opérations immobilières
- L'achat et la vente de toutes valeurs mobilières et plus principalement d'actions, obligations ou titres généralement quelconques, cotés ou non en bourse, la prise de participation financière dans des sociétés de droit belge ou étranger. Cette activité sera exercée exclusivement pour le compte propre de la société
- L'entreprise de services en rapport, même indirect, avec les activités d'un bureau d'étude industrielle et architecturale, et notamment la réalisation d'études et de projets, leur application et leur exploitation dans les domaines relevant de l'électronique, de l'informatique, de l'architecture et du génie civile; la mise à disposition des entreprises ou des maîtres d'ouvrage envers lesquels elle agira comme conseiller technique, de services contribuant à la réalisation de projets portant sur la conception et l'exécution de bâtiments, appareils et équipements, tels que coordination, contrôle et surveillance dans l'exécution par les entrepreneurs et fournisseurs désignés, l'exécution des missions d'expertise et de contrôle de consommation de chaleur dans les bâtiments; la fabrication, l'assemblage et le commerce dans son sens le plus large, y compris la représentation de matériel électronique
- L'entreprise générale de construction incluant entre autres: entreprise de menuisier-charpentier, installateur en chauffage central, entreprise de plafonnier - cimentier, entreprise de maçonnerie et de béton, entreprise de carrelage, installateur électricien, entreprise de vitrage, installateur sanitaire et de plomberie, installateur de chauffage au gaz par appareil individuel, entreprise de zinguerie et couvertures métalliques et non métalliques de construction, installateur frigoriste, entreprise d'étanchéité et de constructions et autres entreprises nécessaires à la construction, la transformation ou la rénovation de bâtiments et de leurs équipements
- Toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter directement ou indirectement, entièrement ou partiellement la réalisation et le développement
- S'intéresser par voie d'apport, de souscription, cession, de participation, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations et entreprises, tant en Belgique qu'à l'étranger ayant un objet analogue ou similaire au sien
- Exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0453.499.843
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53062A0186/00F000 | Wallonia | 1,294 m² | 1 · 233 m² | 8.7 m · 2 |