Meher Brothers
ActiveMeher Brothers has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70k and a net result of €18k. Equity is growing by ~50.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 26052 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-13
Solvency57▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.31 in 2023; short-term debt: 62.6% and cash: 20.1% of total assets), and 68.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
31.6%
Return on assets
8.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
61 d late
2022
84 d late
2021
60 d late
2020
121 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€70k▲ 35.7%
2023 · €51k
2018: €-70k
2019: €-46k
2020: €-16k
2021: €18k
2022: €21k
2023: €51k
2018 → 2024
Total assets
€221k▲ 21.9%
2023 · €181k
2018: €291k
2019: €371k
2020: €402k
2021: €249k
2022: €219k
2023: €181k
2018 → 2024
Net result
€18k▼ 39.0%
2023 · €30k
2018: €-52k
2019: €24k
2020: €30k
2021: €33k
2022: €4k
2023: €30k
2018 → 2024
Working capital
€49k▲ 52.3%
2023 · €32k
2018: €-77k
2019: €142k
2020: €-10k
2021: €10k
2022: €4k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€18k€21k▲ 21.6%€51k▲ 141%€70k▲ 35.7%
Operating result€89k-€58k▼ 34.9%€20k▼ 65.4%€75k▲ 271%€36k▼ 51.4%
Net result€30k-€33k▲ 9.4%€4k▼ 88.6%€30k▲ 694%€18k▼ 39.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €221k
Fixed assets
€34k▼ 27.5%
Current assets
€187k▲ 38.9%
Equity and liabilities €221k
Equity
€70k▲ 35.7%
Debt
€151k▲ 16.4%
The debt ratio falls from 71.6% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▼
2023 · €87k
Cash flow
€31k▼
2023 · €43k
Solvency
31.6%▲
2023 · 28.4%
Current ratio
1.35▲
2023 · 1.31
Quick ratio
0.62▼
2023 · 0.77
Debt / equity
2.16▼
2023 · 2.52
ROE
26.3%▼
2023 · 58.5%
ROA
8.3%▼
2023 · 16.6%
Interest coverage
1.95▼
2023 · 2.23
Debt
€151k▲
2023 · €130k
Debt ≤ 1 year
€138k▲
2023 · €102k
Debt > 1 year
€12k▼
2023 · €27k
Income taxes
€5k▼
2023 · €12k
Staff costs
€83k▲
2023 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€181k€221k▲
Fixed assets21/28€46k€34k▼
Tangible fixed assets22/27€38k€25k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€23k€16k▼
Furniture and vehicles24€9k€5k▼
Financial fixed assets28€9k€9k▲
Current assets29/58€135k€187k▲
Stocks and contracts in progress3€55k€102k▲
Stocks30/36€55k€102k▲
Amounts receivable within one year40/41€45k€37k▼
Trade receivables40-€3k
Other amounts receivable41€45k€35k▼
Cash at bank and in hand54/58€33k€44k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€181k€221k▲
Equity10/15€51k€70k▲
Contributions10/11€42k€42k=
Reserves13€63k€63k=
Distributable reserves133€63k€63k=
Profit (loss) carried forward14€-53k€-35k▲
Amounts payable17/49€130k€151k▲
Amounts payable after more than one year17€27k€12k▼
Financial debts170/4€27k€12k▼
Amounts payable within one year42/48€102k€138k▲
Current portion of amounts payable after more than one year42€15k€15k▼
Financial debts43€42k€40k▼
Credit institutions430/8€42k€40k▼
Trade debts44€27k€54k▲
Suppliers440/4€27k€54k▲
Taxes, remuneration and social security45€13k€26k▲
Taxes450/3€5k€5k=
Remuneration and social security454/9€8k€22k▲
Other amounts payable47/48€5k€3k▼
Accrued charges and deferred income492/3-€320
Income statement
Code20232024
Remuneration, social security and pensions62€34k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€4k€5k▲
Gross operating margin9900€125k€137k▲
Operating profit (loss)9901€75k€36k▼
Financial income75/76B€6k€12k▲
Recurring financial income75€6k€12k▲
Financial charges65/66B€39k€25k▼
Recurring financial charges65€39k€25k▼
Profit (loss) for the period before taxes9903€42k€23k▼
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€30k€18k▼
Profit (loss) for the period to be appropriated9905€30k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-35k▼
Profit (loss) brought forward from the previous period14P€-53k€-53k=
Transfer to equity691/2€30k-
To other reserves6921€30k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 84 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €33k ▲9.4%
Net result €33k, the highest in the series.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.71 to 1.98; short-term debt falls from €265k to €145k.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mechelen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Katelijnekerkhof 242800 MechelenGround area
1,410 m²
Building footprint
1,410 m²
Volume, LiDAR
17,688 m³
Parcel 12025A0590/00B000, Flanders · tallest building 44.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Spar Express
since 20162.257.626.894
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0590/00B000indicative | Flanders | 1,410 m² | 1 · 1,410 m² | 44.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.257.626.894
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 4,670 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2016
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.