MEES
ActiveSummary
MEES has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of -€176,781. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-24
Solvency100▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 5.95 against 3.83 in 2023; short-term debt: 9.4% and cash: 5.9% of total assets), and 24.3% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
75.7%
Return on assets
-10.3%
Age of the figures
21 mo
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
19 d early
2022
34 d early
2021
12 d late
2020
26 d early
2019
31 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.3m▼ 12.0%
2023 · €1.5m
Total assets
€1.7m▼ 21.8%
2023 · €2.2m
Net result
-€176,781
2023 · €8,413
Working capital
€792,438▼ 38.9%
2023 · €1.3m
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€72,350▲ 32.2%€127,817▲ 76.7%€1.1m▲ 746%-€7,368-€178,653▼ 2,325%
Net result€47,584▲ 29.7%€86,539▲ 81.9%€703,075▲ 712%€8,413▼ 98.8%-€176,781
Equity€616,736▲ 8.0%€668,274▲ 8.4%€1.4m▲ 105%€1.5m▲ 7.3%€1.3m▼ 12.0%
Total assets€1.4m▼ 6.7%€1.5m▲ 10.1%€2.1m▲ 36.0%€2.2m▲ 6.4%€1.7m▼ 21.8%
Debt€756,350▼ 14.3%€843,937▲ 11.6%€336,240▼ 60.2%€459,701▲ 36.7%€159,980▼ 65.2%
Working capital€301,759▲ 16.4%€362,683▲ 20.2%€1.4m▲ 296%€1.3m▼ 9.8%€792,438▼ 38.9%
Staff (FTE)6.9▼ 23.3%7.1▲ 2.9%6▼ 15.5%4.2▼ 30.0%1.1▼ 73.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -99% on 2022. Cause not known from the registers.
- 2022 Net result +712%, Equity +105% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €178,653 in 2024 against €7,368 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€758,075 ▲ 74.8%
Current assets
€952,377 ▼ 45.7%
Equity and liabilities €1.7m
Equity
€1.3m ▼ 12.0%
Provisions
€256,066 =
Debt
€159,980 ▼ 65.2%
Debt's share of the balance-sheet total falls from 21.0% to 9.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€137,618▼
2023 · €13,453
Cash flow
-€135,746▼
2023 · €29,234
Current ratio
5.95▲
2023 · 3.83
Quick ratio
4.54▲
2023 · 2.46
Debt to equity
0.12▼
2023 · 0.31
ROE
-13.7%▼
2023 · 0.6%
ROA
-10.3%▼
2023 · 0.4%
Interest coverage
-12.63▼
2023 · 1.25
Debt ≤ 1 year
€159,939▼
2023 · €457,404
Debt > 1 year
€0▼
2023 · €2,274
Income taxes
€165▼
2023 · €4,569
Staff costs
€49,705▼
2023 · €235,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 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 5,827 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1.0m | €24,688 | €82,226 | ▲ 233% |
| Remuneration, social security and pensions62 | - | €311,770 | €270,704 | €235,920 | €49,705 | ▼ 78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,426 | €42,200 | €25,333 | €20,821 | €41,035 | ▲ 97.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€4,052 | €0 | -€2,480 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €23,607 | €12,101 | €43,841 | €36,061 | ▼ 17.7% |
| Non-recurring operating charges66A | - | - | - | - | €622 | - |
| Gross operating margin9900 | €418,419 | €501,342 | €1.4m | €290,734 | -€51,231 | ▼ 118% |
| Operating profit (loss)9901 | €72,350 | €127,817 | €1.1m | -€7,368 | -€178,653 | ▼ 2,325% |
| Financial income75/76B | - | €5,973 | €217 | €31,125 | €12,935 | ▼ 58.4% |
| Recurring financial income75 | €7,588 | €5,973 | €217 | €31,125 | €12,935 | ▼ 58.4% |
| Financial charges65/66B | - | €13,670 | €17,296 | €10,776 | €10,898 | ▲ 1.1% |
| Recurring financial charges65 | €13,938 | €13,670 | €17,296 | €10,776 | €10,898 | ▲ 1.1% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €64,829 | €120,121 | €1.1m | €12,981 | -€176,616 | ▼ 1,461% |
| Transfer to deferred taxes680 | - | - | €348,487 | €0 | - | - |
| Income taxes67/77 | €17,245 | €33,582 | €12,575 | €4,569 | €165 | ▼ 96.4% |
| Profit (loss) for the period9904 | €47,584 | €86,539 | €703,075 | €8,413 | -€176,781 | ▼ 2,201% |
| Transfer to tax-exempt reserves689 | - | - | €676,776 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €47,584 | €86,539 | €26,299 | €8,413 | -€176,781 | ▼ 2,201% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €2.1m | €2.2m | €1.7m | ▼ 21.8% |
| Fixed assets21/28 | €314,977 | €334,958 | €302,299 | €433,633 | €758,075 | ▲ 74.8% |
| Intangible fixed assets21 | €1,647 | €972 | €298 | €0 | - | - |
| Tangible fixed assets22/27 | €313,330 | €333,986 | €302,001 | €433,633 | €758,075 | ▲ 74.8% |
| Land and buildings22 | - | €272,158 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €10,532 | €7,122 | €11,370 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €51,295 | €42,002 | €34,178 | €126,015 | ▲ 269% |
| Assets under construction and advance payments27 | - | - | €252,877 | €388,085 | €632,060 | ▲ 62.9% |
| Current assets29/58 | €1.1m | €1.2m | €1.8m | €1.8m | €952,377 | ▼ 45.7% |
| Stocks and contracts in progress3 | €610,814 | €636,242 | €624,770 | €628,681 | €225,886 | ▼ 64.1% |
| Stocks30/36 | - | €636,242 | €624,770 | €593,237 | €225,886 | ▼ 61.9% |
| Contracts in progress37 | - | - | - | €35,444 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €207,378 | €173,072 | €259,567 | €379,413 | €622,711 | ▲ 64.1% |
| Trade receivables40 | - | €172,234 | €252,951 | €371,568 | €596,349 | ▲ 60.5% |
| Other amounts receivable41 | - | €838 | €6,616 | €7,845 | €26,362 | ▲ 236% |
| Current investments50/53 | - | - | €297,000 | €400,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €237,605 | €365,221 | €568,974 | €340,641 | €100,424 | ▼ 70.5% |
| Deferred charges and accrued income490/1 | - | €2,717 | €3,467 | €4,586 | €3,355 | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €2.1m | €2.2m | €1.7m | ▼ 21.8% |
| Equity10/15 | €616,736 | €668,274 | €1.4m | €1.5m | €1.3m | ▼ 12.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €133,680 | €185,219 | €888,294 | €979,718 | €979,718 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €0 | - | - |
| Tax-exempt reserves132 | - | €37,500 | €714,276 | €805,699 | €805,699 | = |
| Distributable reserves133 | - | €145,860 | €172,159 | €174,018 | €174,018 | = |
| Profit (loss) carried forward14 | €464,464 | €464,464 | €464,464 | €472,876 | €296,095 | ▼ 37.4% |
| Provisions and deferred taxes16 | - | - | €348,487 | €256,066 | €256,066 | = |
| Deferred taxes168 | - | - | €348,487 | €256,066 | €256,066 | = |
| Amounts payable17/49 | €756,350 | €843,937 | €336,240 | €459,701 | €159,980 | ▼ 65.2% |
| Amounts payable after more than one year17 | - | €29,367 | €15,867 | €2,274 | €0 | ▼ 100% |
| Financial debts170/4 | - | €29,367 | €15,867 | €2,274 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €756,350 | €814,570 | €317,521 | €457,404 | €159,939 | ▼ 65.0% |
| Current portion of amounts payable after more than one year42 | - | €13,408 | €13,500 | €13,592 | €2,274 | ▼ 83.3% |
| Financial debts43 | - | €419,905 | €6,452 | €5,410 | €3,821 | ▼ 29.4% |
| Credit institutions430/8 | - | €419,905 | €6,452 | €5,410 | €3,821 | ▼ 29.4% |
| Trade debts44 | €216,827 | €225,216 | €226,214 | €324,241 | €66,859 | ▼ 79.4% |
| Suppliers440/4 | - | €225,216 | €226,214 | €324,241 | €66,859 | ▼ 79.4% |
| Advances received on contracts in progress46 | - | - | - | €70,228 | €36,647 | ▼ 47.8% |
| Taxes, remuneration and social security45 | - | €118,641 | €70,398 | €39,331 | €4,954 | ▼ 87.4% |
| Taxes450/3 | - | €66,005 | €31,595 | €7,982 | €928 | ▼ 88.4% |
| Remuneration and social security454/9 | - | €52,636 | €38,803 | €31,349 | €4,025 | ▼ 87.2% |
| Other amounts payable47/48 | - | €37,400 | €957 | €4,601 | €45,384 | ▲ 886% |
| Accrued charges and deferred income492/3 | - | - | €2,853 | €22 | €42 | ▲ 86.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,584 | €86,539 | €703,075 | €8,413 | -€176,781 | ▼ 2,201% |
| + Depreciation and write-downs630 | €41,426 | €42,200 | €25,333 | €20,821 | €41,035 | ▲ 97.1% |
| Operating cash flow (approximation) | €89,010 | €128,739 | €728,408 | €29,234 | -€135,746 | ▼ 564% |
| Investment in fixed assets (approximation) | - | -€62,181 | €7,326 | -€152,155 | -€365,477 | ▼ 140% |
| Change in cash | - | €127,616 | €203,753 | -€228,334 | -€240,216 | ▼ 5.2% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€176,781
Net result drops to -€176,781, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €703,075 ▲712%
Operating result €1.1m, net result €703,075, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.52
Current ratio from 1.45 to 5.52; short-term debt falls from €814,570 to €317,521.
31-12
Financial
Equity above €1mEq €1.4m ▲105%
5 profitable years in a row build equity to €1.4m.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 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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Directors · office · real estate
Directors
3 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, Lochristi · 1 establishment unit since 1992
Ground area
1,422 m²
Building footprint
146 m²
Volume, LiDAR
753 m³
Parcel 44076F0185/00T000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MEES BVBA
since 19922.056.854.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076F0185/00T000 | Flanders | 1,422 m² | 1 · 146 m² | 7.8 m · 2 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.
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Of 338 companies in sector 46713 we hold annual accounts for 204. 136 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
Founded13-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46713Wholesale trade
29201Manufacture of motor vehicles, trailers and semi-trailers
33110Repair and maintenance of fabricated metal products
33170Repair, maintenance and installation of machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446894143
Also
9925:BE0446894143
Registered
19-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.