MEETEX MODE
ActiveSummary
MEETEX MODE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €556k. Equity is shrinking by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+1
Solvency49=
Growth53=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.89 in 2023; short-term debt: 71.4% and cash: 45.4% of total assets), and 75.7% 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
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
36 d early
2022
12 d early
2021
13 d early
2020
32 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, full schema
Turnover
€4.23M▲ 3.4%
2023 · €4.09M
EBIT margin
16.6%▲ 1.7pp
2023 · 14.9%
Net result
€556k▲ 17.5%
2023 · €473k
Working capital
€-8k▲ 92.7%
2023 · €-116k
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
Turnover€2.84M-€3.83M▲ 35.0%€4.05M▲ 5.9%€4.09M▲ 0.8%€4.23M▲ 3.4%
Operating result€193k-€554k▲ 187%€641k▲ 15.7%€609k▼ 5.0%€700k▲ 14.9%
Net result€166k-€440k▲ 165%€508k▲ 15.2%€473k▼ 6.7%€556k▲ 17.5%
EBIT margin6.8%-14.5%▲ 7.7pp15.8%▲ 1.3pp14.9%▼ 0.9pp16.6%▲ 1.7pp
Equity€858k-€861k▲ 0.3%€343k▼ 60.1%€344k▲ 0.3%€350k▲ 1.8%
Total assets€1.73M-€2.05M▲ 18.3%€1.57M▼ 23.3%€1.46M▼ 7.1%€1.44M▼ 1.1%
Debt€821k-€1.13M▲ 37.7%€1.16M▲ 3.0%€1.05M▼ 9.7%€1.03M▼ 2.1%
Working capital€32k-€123k▲ 285%€-283k€-116k▲ 59.0%€-8k▲ 92.7%
Staff (FTE)13.1-12.1▼ 7.6%12.2▲ 0.8%11.2▼ 8.2%12.3▲ 9.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.44M
Fixed assets
€422k ▼ 21.3%
Current assets
€1.02M ▲ 10.6%
Equity and liabilities €1.44M
Equity
€350k ▲ 1.8%
Provisions
€63k ▼ 0.5%
Debt
€1.03M ▼ 2.1%
Debt's share of the balance-sheet total falls from 72.1% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€816k▲
2023 · €761k
Cash flow
€672k▲
2023 · €626k
Current ratio
0.99▲
2023 · 0.89
Quick ratio
0.71▲
2023 · 0.60
Debt to equity
2.94▼
2023 · 3.06
ROE
158.7%▲
2023 · 137.5%
ROA
38.5%▲
2023 · 32.4%
Interest coverage
145.36▲
2023 · 42.01
Debt ≤ 1 year
€1.03M▼
2023 · €1.04M
Income taxes
€186k▲
2023 · €159k
Staff costs
€476k▲
2023 · €444k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.84M | €3.83M | €4.05M | €4.09M | €4.23M | ▲ 3.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €2.68M | €2.79M | €2.88M | €2.95M | ▲ 2.4% |
| Remuneration, social security and pensions62 | - | €421k | €458k | €444k | €476k | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197k | €189k | €173k | €152k | €116k | ▼ 24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-11k | €11k | €-1k | €-3k | ▼ 104% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €3k | €7k | €828 | €-297 | ▼ 136% |
| Other operating charges640/8 | - | €18k | €18k | €20k | €21k | ▲ 4.0% |
| Gross operating margin9900 | €741k | €1.18M | €1.31M | €1.22M | €1.31M | ▲ 6.9% |
| Operating profit (loss)9901 | €193k | €554k | €641k | €609k | €700k | ▲ 14.9% |
| Financial income75/76B | - | €41k | €44k | €42k | €48k | ▲ 14.0% |
| Recurring financial income75 | €35k | €41k | €44k | €42k | €48k | ▲ 14.0% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €6k | €6k | €18k | €6k | ▼ 69.0% |
| Recurring financial charges65 | €5k | €6k | €6k | €18k | €6k | ▼ 69.0% |
| Profit (loss) for the period before taxes9903 | €222k | €590k | €680k | €633k | €742k | ▲ 17.2% |
| Income taxes67/77 | €56k | €149k | €172k | €159k | €186k | ▲ 16.5% |
| Profit (loss) for the period9904 | €166k | €440k | €508k | €473k | €556k | ▲ 17.5% |
| Transfer from tax-exempt reserves789 | - | €128k | €61k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €255k | €568k | €568k | €473k | €556k | ▲ 17.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €2.05M | €1.57M | €1.46M | €1.44M | ▼ 1.1% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €1.05M | €859k | €688k | €536k | €422k | ▼ 21.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €1.05M | €859k | €688k | €536k | €421k | ▼ 21.3% |
| Land and buildings22 | - | - | €0 | €0 | - | - |
| Plant, machinery and equipment23 | - | €851k | €686k | €535k | €421k | ▼ 21.3% |
| Furniture and vehicles24 | - | €8k | €3k | €459 | - | - |
| Financial fixed assets28 | €87 | €87 | €87 | €87 | €87 | = |
| Current assets29/58 | €685k | €1.19M | €882k | €923k | €1.02M | ▲ 10.6% |
| Stocks and contracts in progress3 | €272k | €241k | €297k | €298k | €294k | ▼ 1.5% |
| Stocks30/36 | - | €241k | €297k | €298k | €294k | ▼ 1.5% |
| Amounts receivable within one year40/41 | €90k | €88k | €79k | €92k | €67k | ▼ 27.0% |
| Trade receivables40 | - | €81k | €72k | €92k | €58k | ▼ 37.2% |
| Other amounts receivable41 | - | €7k | €7k | €98 | €10k | ▲ 9,601% |
| Cash at bank and in hand54/58 | €311k | €856k | €501k | €528k | €655k | ▲ 24.1% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €5k | €5k | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €2.05M | €1.57M | €1.46M | €1.44M | ▼ 1.1% |
| Equity10/15 | €858k | €861k | €343k | €344k | €350k | ▲ 1.8% |
| Contributions10/11 | €248k | €248k | €248k | €248k | €248k | = |
| Capital10 | - | €248k | €248k | €248k | €248k | = |
| Issued capital100 | - | €248k | €248k | €248k | €248k | = |
| Reserves13 | €608k | €608k | €88k | €88k | €88k | = |
| Non-distributable reserves130/1 | - | €25k | €25k | €25k | €25k | = |
| Legal reserve130 | - | €25k | €25k | €25k | €25k | = |
| Tax-exempt reserves132 | - | €61k | €0 | - | - | - |
| Distributable reserves133 | - | €523k | €64k | €64k | €64k | = |
| Profit (loss) carried forward14 | €1k | €4k | €7k | €8k | €14k | ▲ 79.2% |
| Provisions and deferred taxes16 | €52k | €55k | €62k | €63k | €63k | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | - | €55k | €62k | €63k | €63k | ▼ 0.5% |
| Environmental obligations163 | - | €55k | €62k | €63k | €63k | ▼ 0.5% |
| Amounts payable17/49 | €821k | €1.13M | €1.16M | €1.05M | €1.03M | ▼ 2.1% |
| Amounts payable after more than one year17 | €167k | €67k | - | - | - | - |
| Financial debts170/4 | - | €67k | - | - | - | - |
| Amounts payable within one year42/48 | €653k | €1.06M | €1.16M | €1.04M | €1.03M | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €100k | €67k | - | - | - |
| Trade debts44 | €139k | €282k | €232k | €238k | €178k | ▼ 25.1% |
| Suppliers440/4 | - | €282k | €232k | €238k | €178k | ▼ 25.1% |
| Advances received on contracts in progress46 | - | €85k | €72k | €92k | €101k | ▲ 10.1% |
| Taxes, remuneration and social security45 | - | €159k | €193k | €195k | €201k | ▲ 2.7% |
| Taxes450/3 | - | €103k | €130k | €133k | €137k | ▲ 2.9% |
| Remuneration and social security454/9 | - | €56k | €63k | €62k | €63k | ▲ 2.2% |
| Other amounts payable47/48 | - | €438k | €600k | €514k | €550k | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | €120 | €44 | €13k | €31 | ▼ 99.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €166k | €440k | €508k | €473k | €556k | ▲ 17.5% |
| + Depreciation and write-downs630 | €197k | €189k | €173k | €152k | €116k | ▼ 24.0% |
| Operating cash flow (approximation) | €363k | €630k | €680k | €626k | €672k | ▲ 7.4% |
| Investment in fixed assets (approximation) | - | €-3k | €-1k | €0 | €-1k | - |
| Change in cash | - | €546k | €-355k | €27k | €127k | ▲ 379% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €556k ▲17.5%
Operating result €700k, net result €556k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €166k ▼53.6%
Net result drops to €166k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Thimister-Clermont · 1 establishment unit since 1992
Ground area
1.0 ha
Building footprint
2,691 m²
Volume, LiDAR
18,146 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
ESPACE MODE
since 19922.057.229.448
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0487/00D000 | Wallonia | 9,997 m² | 1 · 2,631 m² | 7.4 m · 2 fl. |
| 63049F0358/00X003 | Wallonia | 325 m² | 1 · 60 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,498 companies in sector 47716 we hold annual accounts for 2,439. 1,593 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46423Wholesale of clothing, excluding workwear and underwear
47721Retail sale of footwear
47722Retail trade
47750Retail sale of cosmetics and toilet articles
Scores and ratios are computed by Checked and are not a credit decision.