MEEUWESE
ActiveSummary
MEEUWESE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €1k. Equity is shrinking by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42=
Solvency31▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.02 in 2024; short-term debt: 28.9% and cash: 20.9% of total assets), but 94.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €10k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d late
2023
1 d early
2022
on the day
2021
6 d early
2020
4 d early
2019
18 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 15.0%
2024 · €9k
2018: €54khighest in 8 years
2019: €34k▼ -37.2% vs 2018
2020: €38k▲ +10.8% vs 2019
2021: €44k▲ +17.1% vs 2020
2022: €45k▲ +1.9% vs 2021
2023: €7k▼ -85.2% vs 2022lowest in 8 years
2024: €9k▲ +32.5% vs 2023
2025: €10k▲ +15.0% vs 2024
2018 → 2025
Total assets
€181k▲ 6.9%
2024 · €169k
2018: €164k
2019: €127k▼ -22.5% vs 2018lowest in 8 years
2020: €164k▲ +29.2% vs 2019
2021: €148k▼ -10.2% vs 2020
2022: €245k▲ +66.0% vs 2021highest in 8 years
2023: €208k▼ -15.3% vs 2022
2024: €169k▼ -18.7% vs 2023
2025: €181k▲ +6.9% vs 2024
2018 → 2025
Net result
€1k▼ 38.6%
2024 · €2k
2018: €7k
2019: €-20k▼ -380% vs 2018
2020: €4k▲ +118% vs 2019
2021: €17k▲ +351% vs 2020highest in 8 years
2022: €845▼ -94.9% vs 2021
2023: €-38k▼ -4641% vs 2022lowest in 8 years
2024: €2k▲ +106% vs 2023
2025: €1k▼ -38.6% vs 2024
2018 → 2025
Working capital
€40k▲ 3,141%
2024 · €1k
2018: €72khighest in 8 years
2019: €33k▼ -54.2% vs 2018
2020: €40k▲ +20.7% vs 2019
2021: €27k▼ -32.3% vs 2020
2022: €22k▼ -17.7% vs 2021
2023: €627▼ -97.2% vs 2022lowest in 8 years
2024: €1k▲ +98.4% vs 2023
2025: €40k▲ +3141% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€45k▲ 1.9%€7k▼ 85.2%€9k▲ 32.5%€10k▲ 15.0%
2021: €44k
2022: €45k▲ +1.9% vs 2021highest in 5 years
2023: €7k▼ -85.2% vs 2022lowest in 5 years
2024: €9k▲ +32.5% vs 2023
2025: €10k▲ +15.0% vs 2024
Operating result€26k-€9k▼ 63.4%€-24k€10k€8k▼ 24.0%
2021: €26khighest in 5 years
2022: €9k▼ -63.4% vs 2021
2023: €-24k▼ -355% vs 2022lowest in 5 years
2024: €10k▲ +143% vs 2023
2025: €8k▼ -24.0% vs 2024
Net result€17k-€845▼ 94.9%€-38k€2k€1k▼ 38.6%
2021: €17khighest in 5 years
2022: €845▼ -94.9% vs 2021
2023: €-38k▼ -4641% vs 2022lowest in 5 years
2024: €2k▲ +106% vs 2023
2025: €1k▼ -38.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€88k ▼ 13.4%
Current assets
€92k ▲ 37.9%
Equity and liabilities €181k
Equity
€10k ▲ 15.0%
Debt
€170k ▲ 6.5%
Debt's share of the balance-sheet total falls from 94.8% to 94.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €24k
Cash flow
€16k▼
2024 · €16k
Current ratio
1.77▲
2024 · 1.02
Debt to equity
16.82▼
2024 · 18.17
ROE
13.1%▼
2024 · 24.5%
ROA
0.7%▼
2024 · 1.3%
Interest coverage
2.66▲
2024 · 2.63
Debt ≤ 1 year
€52k▼
2024 · €66k
Debt > 1 year
€85k▼
2024 · €94k
Income taxes
€171▼
2024 · €183
Staff costs
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€181k▲
Fixed assets21/28€102k€88k▼
Tangible fixed assets22/27€101k€87k▼
Land and buildings22€95k€83k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€1k€94▼
Financial fixed assets28€938€938=
Current assets29/58€67k€92k▲
Amounts receivable after more than one year29€5k-
Other amounts receivable291€5k-
Stocks and contracts in progress3€28k-
Contracts in progress37€28k-
Amounts receivable within one year40/41€33k€54k▲
Trade receivables40€7k€9k▲
Other amounts receivable41€26k€45k▲
Current investments50/53€275€275=
Cash at bank and in hand54/58€1k€38k▲
Equity and liabilities
Total equity and liabilities10/49€169k€181k▲
Equity10/15€9k€10k▲
Contributions10/11€7k€7k=
Reserves13€38k€38k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-36k€-35k▲
Amounts payable17/49€160k€170k▲
Amounts payable after more than one year17€94k€85k▼
Financial debts170/4€94k€85k▼
Amounts payable within one year42/48€66k€52k▼
Current portion of amounts payable after more than one year42€12k€9k▼
Trade debts44€46k€41k▼
Suppliers440/4€46k€41k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€136▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€479€33k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€27k€25k▼
Operating profit (loss)9901€10k€8k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€2k€1k▼
Income taxes67/77€183€171▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-35k▲
Profit (loss) brought forward from the previous period14P€-38k€-36k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €33k | €9k | - | - | €3k | - |
| Remuneration, social security and pensions62 | €8k | €3k | €4k | €2k | €1k | ▼ 41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €28k | €14k | €14k | ▲ 0.9% |
| Other operating charges640/8 | €2k | €6k | €968 | €1k | €1k | ▼ 14.9% |
| Non-recurring operating charges66A | - | €11k | €450 | - | €1k | - |
| Gross operating margin9900 | €41k | €33k | €9k | €27k | €25k | ▼ 7.1% |
| Operating profit (loss)9901 | €26k | €9k | €-24k | €10k | €8k | ▼ 24.0% |
| Financial income75/76B | €978 | €591 | €1k | €1k | €2k | ▲ 48.6% |
| Recurring financial income75 | €978 | €591 | €1k | €1k | €2k | ▲ 48.6% |
| Financial charges65/66B | €4k | €6k | €16k | €9k | €8k | ▼ 10.6% |
| Recurring financial charges65 | €4k | €6k | €16k | €9k | €8k | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €23k | €4k | €-38k | €2k | €1k | ▼ 36.1% |
| Income taxes67/77 | €6k | €3k | €195 | €183 | €171 | ▼ 6.7% |
| Profit (loss) for the period9904 | €17k | €845 | €-38k | €2k | €1k | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €17k | €845 | €-38k | €2k | €1k | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €245k | €208k | €169k | €181k | ▲ 6.9% |
| Fixed assets21/28 | €42k | €140k | €113k | €102k | €88k | ▼ 13.4% |
| Tangible fixed assets22/27 | €13k | €139k | €112k | €101k | €87k | ▼ 13.6% |
| Land and buildings22 | - | €133k | €107k | €95k | €83k | ▼ 12.6% |
| Plant, machinery and equipment23 | - | €3k | €3k | €4k | €4k | ▼ 16.5% |
| Furniture and vehicles24 | €13k | €3k | €2k | €1k | €94 | ▼ 91.1% |
| Financial fixed assets28 | €29k | €938 | €938 | €938 | €938 | = |
| Current assets29/58 | €106k | €105k | €95k | €67k | €92k | ▲ 37.9% |
| Amounts receivable after more than one year29 | €5k | €5k | €5k | €5k | - | - |
| Other amounts receivable291 | €5k | €5k | €5k | €5k | - | - |
| Stocks and contracts in progress3 | €84k | €54k | €37k | €28k | - | - |
| Stocks30/36 | €414 | €414 | €16k | - | - | - |
| Contracts in progress37 | €84k | €54k | €21k | €28k | - | - |
| Amounts receivable within one year40/41 | €16k | €37k | €26k | €33k | €54k | ▲ 67.0% |
| Trade receivables40 | €13k | €17k | €16k | €7k | €9k | ▲ 36.0% |
| Other amounts receivable41 | €2k | €20k | €10k | €26k | €45k | ▲ 75.1% |
| Current investments50/53 | €275 | €275 | €275 | €275 | €275 | = |
| Cash at bank and in hand54/58 | - | €8k | €26k | €1k | €38k | ▲ 2,705% |
| Deferred charges and accrued income490/1 | €594 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €245k | €208k | €169k | €181k | ▲ 6.9% |
| Equity10/15 | €44k | €45k | €7k | €9k | €10k | ▲ 15.0% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | €37k | €38k | €38k | €38k | €38k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €35k | €36k | €36k | €36k | €36k | = |
| Profit (loss) carried forward14 | - | - | €-38k | €-36k | €-35k | ▲ 3.7% |
| Amounts payable17/49 | €103k | €200k | €201k | €160k | €170k | ▲ 6.5% |
| Amounts payable after more than one year17 | €21k | €117k | €103k | €94k | €85k | ▼ 9.3% |
| Financial debts170/4 | €21k | €117k | €103k | €94k | €85k | ▼ 9.3% |
| Amounts payable within one year42/48 | €79k | €83k | €94k | €66k | €52k | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | €6k | €11k | €14k | €12k | €9k | ▼ 28.2% |
| Financial debts43 | €25k | - | - | - | - | - |
| Credit institutions430/8 | €25k | - | - | - | - | - |
| Trade debts44 | €39k | €34k | €64k | €46k | €41k | ▼ 11.5% |
| Suppliers440/4 | €39k | €34k | €64k | €46k | €41k | ▼ 11.5% |
| Taxes, remuneration and social security45 | €8k | €38k | €8k | €3k | €3k | ▲ 12.5% |
| Taxes450/3 | €2k | €37k | €8k | €3k | €136 | ▼ 94.8% |
| Remuneration and social security454/9 | €6k | €247 | - | - | €3k | - |
| Other amounts payable47/48 | - | - | €8k | €5k | - | - |
| Accrued charges and deferred income492/3 | €4k | - | €3k | €479 | €33k | ▲ 6,833% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €845 | €-38k | €2k | €1k | ▼ 38.6% |
| + Depreciation and write-downs630 | €5k | €3k | €28k | €14k | €14k | ▲ 0.9% |
| Operating cash flow (approximation) | €22k | €4k | €-11k | €16k | €16k | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €-101k | €0 | €-3k | €-508 | ▲ 82.4% |
| Change in cash | - | - | €18k | €-25k | €36k | ▲ 247% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €17k ▲351%
Operating result €26k, net result €17k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Vosselaar · 1 establishment unit since 2005
Ground area
1,167 m²
Building footprint
150 m²
Volume, LiDAR
148 m³
Parcel 13046C0131/00M002, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
1 establishment unit
Meeuwese
since 20052.147.415.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046C0131/00M002 | Flanders | 1,167 m² | 1 · 150 m² | 5.1 m |
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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedMetselaar (vwo)
Ruwbouw duaal (so)
Show 3 ended approvals
Medewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)
Similar companies · same sector, comparable size
OLIMPIO CONSTRUCT
BE 1019.827.811
Vilvoorde · Eq €10,132
ZUCO CONSTRUCTION
BE 0756.812.014
Ottignies-Louvain-la-Neuve · Eq €10,139
HBDA
BE 0775.259.830
Chaumont-Gistoux · Eq €10,117
Chisel & Saw
BE 0757.770.136
Merchtem · Eq €10,113
GDV INVEST
BE 0799.918.022
Maaseik · Eq €10,153
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,341 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
Founded31-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.