MEESTERS ENGINEERING
ActiveSummary
MEESTERS ENGINEERING has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367,663 and a net result of €55,536. Equity has been growing by about 24% per year since 2018. Its solvency ranks better than 95% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-12-2015 Normal situation
- Activity
- Development of residential building projects NACE 68121and 3 others
- Establishment unit
- 2.249.470.877 2440 Geel, since 15-12-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €87,226
- ▼ 25.0%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €55,536
- ▼ 37.1%
- Equity
- €367,663
- ▲ 7.3%
- Total assets
- €384,272
- ▼ 9.2%
Score breakdownlowers riskLiquidity: current ratio 20.93, cash €153,222Equity €367,663 (95.7% of total assets)Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 17-07-2026)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 68, micro). It does better than 91% of them on solvency, 96% on liquidity, 84% on profitability and 62% on growth.
The bankruptcy probability was computed on 02-11-2026 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 3 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 10 filings
Every figure per financial year
The operating result for 2025 is 29% lower than in 2024. It is the second fall in a row.
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 | €7,438 | €3,082 | €27,199 | €14,030 | €5,012 |
| Depreciation and write-downs of the year | €2,037 | €2,724 | €4,644 | €9,648 | €10,260 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €4,246 awarded · €4,201 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €216 |
| 2024 | 1 | €261 | €146 |
| 2023 | 1 | €146 | €162 |
| 2022 | 1 | €3,839 | €3,677 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,132 | €1,259 | €937 | €2,037 | €2,724 | €4,644 | €9,648 | €10,260 | ▲ 6.3% |
| Other operating charges640/8 | - | - | - | €1,661 | €767 | €2,072 | €875 | €1,562 | ▲ 78.5% |
| Gross operating margin9900 | €48,920 | €51,069 | €111,593 | €59,187 | €67,183 | €228,594 | €116,311 | €87,226 | ▼ 25.0% |
| Operating profit (loss)9901 | €36,335 | €48,129 | €109,500 | €55,488 | €63,693 | €221,879 | €105,789 | €75,404 | ▼ 28.7% |
| Financial income75/76B | - | - | - | €280 | €703 | €1,180 | €9,181 | €3,524 | ▼ 61.6% |
| Recurring financial income75 | €524 | €704 | €720 | €280 | €703 | €1,180 | €9,181 | €3,524 | ▼ 61.6% |
| Financial charges65/66B | - | - | - | €976 | €1,190 | €2,444 | €1,908 | €1,223 | ▼ 35.9% |
| Recurring financial charges65 | €3,190 | €5,853 | €1,442 | €976 | €1,190 | €2,444 | €1,908 | €1,223 | ▼ 35.9% |
| Profit (loss) for the period before taxes9903 | €33,669 | €42,979 | €71,384 | €54,792 | €63,206 | €220,614 | €113,061 | €77,705 | ▼ 31.3% |
| Income taxes67/77 | €10,261 | €12,336 | €20,171 | €15,930 | €18,080 | €61,087 | €24,735 | €22,169 | ▼ 10.4% |
| Profit (loss) for the period9904 | €23,408 | €30,643 | €51,212 | €38,863 | €45,125 | €159,527 | €88,326 | €55,536 | ▼ 37.1% |
| Profit (loss) for the period to be appropriated9905 | €23,408 | €30,643 | €51,212 | €38,863 | €45,125 | €159,527 | €88,326 | €55,536 | ▼ 37.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €251,031 | €102,545 | €157,433 | €204,970 | €281,165 | €439,970 | €423,244 | €384,272 | ▼ 9.2% |
| Fixed assets21/28 | €183,023 | €9,908 | €12,947 | €18,348 | €18,707 | €41,262 | €45,645 | €40,397 | ▼ 11.5% |
| Tangible fixed assets22/27 | €183,023 | €9,908 | €12,947 | €18,348 | €18,707 | €41,262 | €45,645 | €40,397 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,649 | €1,275 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €12,678 | €13,851 | €37,220 | €31,000 | €28,099 | ▼ 9.4% |
| Other tangible fixed assets26 | - | - | - | €5,670 | €4,857 | €4,043 | €12,996 | €11,023 | ▼ 15.2% |
| Current assets29/58 | €68,008 | €92,637 | €144,486 | €186,622 | €262,458 | €398,707 | €377,599 | €343,875 | ▼ 8.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €22,500 | €22,500 | - | - | - |
| Other amounts receivable291 | - | - | - | - | €22,500 | €22,500 | - | - | - |
| Amounts receivable within one year40/41 | €19,072 | €21,993 | €28,228 | €19,422 | €148,693 | €134,173 | €45,991 | €67,120 | ▲ 45.9% |
| Trade receivables40 | - | - | - | €17,543 | €49,801 | €18,617 | €22,046 | €34,095 | ▲ 54.7% |
| Other amounts receivable41 | - | - | - | €1,879 | €98,891 | €115,556 | €23,945 | €33,025 | ▲ 37.9% |
| Current investments50/53 | - | - | - | - | - | €162,000 | €87,000 | €118,500 | ▲ 36.2% |
| Cash at bank and in hand54/58 | €48,636 | €63,347 | €112,609 | €167,200 | €76,428 | €34,646 | €238,044 | €153,222 | ▼ 35.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €14,838 | €45,388 | €6,564 | €5,033 | ▼ 23.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €251,031 | €102,545 | €157,433 | €204,970 | €281,165 | €439,970 | €423,244 | €384,272 | ▼ 9.2% |
| Equity10/15 | €52,185 | €82,828 | €134,040 | €172,903 | €218,029 | €331,571 | €342,770 | €367,663 | ▲ 7.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €45,985 | €76,628 | €127,840 | €166,703 | €211,829 | €325,371 | €324,170 | €349,063 | ▲ 7.7% |
| Non-distributable reserves130/1 | - | - | - | €2,384 | €2,384 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,384 | €2,384 | - | - | - | - |
| Distributable reserves133 | - | - | - | €164,319 | €209,444 | €325,371 | €324,170 | €349,063 | ▲ 7.7% |
| Amounts payable17/49 | €198,846 | €19,717 | €23,393 | €32,067 | €63,137 | €108,399 | €80,474 | €16,609 | ▼ 79.4% |
| Amounts payable after more than one year17 | €163,743 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €34,454 | €18,885 | €23,393 | €32,067 | €63,137 | €108,399 | €80,474 | €16,428 | ▼ 79.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,038 | €7,044 | €7,082 | €7,078 | - | - |
| Trade debts44 | €2,581 | €4,207 | €2,564 | €2,013 | €25,398 | €765 | €7,083 | €2,022 | ▼ 71.5% |
| Suppliers440/4 | - | - | - | €2,013 | €25,398 | €765 | €7,083 | €2,022 | ▼ 71.5% |
| Advances received on contracts in progress46 | - | - | - | - | €5,165 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €23,015 | €25,530 | €76,731 | €65,793 | €14,060 | ▼ 78.6% |
| Taxes450/3 | - | - | - | €20,736 | €23,251 | €74,455 | €63,511 | €11,760 | ▼ 81.5% |
| Remuneration and social security454/9 | - | - | - | €2,279 | €2,279 | €2,276 | €2,281 | €2,300 | ▲ 0.8% |
| Other amounts payable47/48 | - | - | - | - | - | €23,822 | €521 | €346 | ▼ 33.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €181 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,408 | €30,643 | €51,212 | €38,863 | €45,125 | €159,527 | €88,326 | €55,536 | ▼ 37.1% |
| + Depreciation and write-downs630 | €11,132 | €1,259 | €937 | €2,037 | €2,724 | €4,644 | €9,648 | €10,260 | ▲ 6.3% |
| Operating cash flow (approximation) | €34,540 | €31,902 | €52,149 | €40,900 | €47,849 | €164,171 | €97,974 | €65,796 | ▼ 32.8% |
| Investment in fixed assets (approximation) | - | €171,856 | -€3,976 | -€7,438 | -€3,082 | -€27,199 | -€14,030 | -€5,012 | ▲ 64.3% |
| Change in cash | - | €14,711 | €49,262 | €54,590 | -€90,772 | -€41,782 | €203,398 | -€84,821 | - |
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, 34,693 companies had the same profile as MEESTERS ENGINEERING has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MEESTERS ENGINEERING 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 34,693 companies, not a prediction for MEESTERS ENGINEERING. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00308948 | |
| 31-12-2024 | micro format | 05-08-2025 | 2025-00364756 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00435451 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299554 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20252140 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43600212 | |
| 31-12-2019 | micro format | 07-08-2020 | 2020-39800525 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-29100250 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-30400508 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39500112 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-11-2023 Converted to unavailable equity
- 09-11-2023 Converted to uncalled contributions
- 09-11-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MEESTERS Siegfried Rosalia Rafaël |
|
Network & group
Companies at the same address
1 other companyConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
09-11
Gazette deed
Change of role: MEESTERS Siegfried Rosalia Rafaël, from manager to directorLegal-form conversion · Capital conversion · Amendment of the articles12 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbaar eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Registered office clause, “2440 Geel,Holven 182” (deed in Dutch)
- Director resignation, MEESTERS Siegfried Rosalia Rafaël (manager)
- Director appointment, MEESTERS Siegfried Rosalia Rafaël (director)
- Other provision, “kwijting ontslagnemende zaakvoerder, uitoefening opdracht” (deed in Dutch)
- Power of attorney
- Power of attorney, Katrien Eerens
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
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 0644.533.425
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13374F0371/02M002 | Flanders | 483 m² | 1 · 114 m² | 10.6 m · 2 |