Meir Development
ActiveSummary
The annual accounts of Meir Development for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €12,997 and a net result of -€20,627. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 4613 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-2
Solvency26▼-1
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 14.2 against 2.37 in 2024; short-term debt: 3.6% and cash: 0.2% of total assets), but 99.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,627
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4613 sector peers (2025).
NBB · sector comparisonPosition among 4613 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
34 d early
2023
7 d early
2022
10 d late
2021
2 d early
2020
25 d late
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€0▼ 100%
2020 · €1.9m
EBIT margin
4.6%
Net result
-€20,627▼ 222%
2024 · -€6,407
Working capital
€962,850▲ 140%
2024 · €401,876
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0▼ 100%
Operating result-€4,420-€5,184▼ 17.3%-€4,279▲ 17.5%-€3,815▲ 10.9%-€3,885▼ 1.8%
Net result-€2,490within the sector's middle half-€4,154within the sector's middle half▼ 66.8%-€4,599within the sector's middle half▼ 10.7%-€6,407within the sector's middle half▼ 39.3%-€20,627within the sector's middle half▼ 222%
EBIT margin
Equity€48,785below the sector's middle half▼ 4.9%€44,631below the sector's middle half▼ 8.5%€40,032below the sector's middle half▼ 10.3%€33,625below the sector's middle half▼ 16.0%€12,997below the sector's middle half▼ 61.3%
Total assets€1.2mwithin the sector's middle half▲ 3.9%€1.3mwithin the sector's middle half▲ 5.9%€1.3mwithin the sector's middle half▲ 2.3%€1.7mwithin the sector's middle half▲ 31.2%€2.0mwithin the sector's middle half▲ 20.1%
Debt€1.1m▲ 4.3%€1.2m▲ 6.5%€1.3m▲ 2.8%€1.7m▲ 32.7%€2.0m▲ 21.8%
Working capital€68,121within the sector's middle half▲ 375%€141,077within the sector's middle half▲ 107%€189,648within the sector's middle half▲ 34.4%€401,876within the sector's middle half▲ 112%€962,850within the sector's middle half▲ 140%
Solvency4.1%below the sector's middle half▼ 0.4pp3.5%below the sector's middle half▼ 0.6pp3.1%below the sector's middle half▼ 0.4pp2.0%below the sector's middle half▼ 1.1pp0.6%below the sector's middle half▼ 1.3pp
Current ratio21.24above the sector's middle half▲ 13.8629.23above the sector's middle half2.37within the sector's middle half▼ 26.8514.20above the sector's middle half▲ 11.83
Return on assets (ROA)-0.2%within the sector's middle half▼ 5.9pp-0.3%within the sector's middle half▼ 0.1pp-0.4%within the sector's middle half=-0.4%within the sector's middle half=-1.0%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,885 in 2025 against €3,815 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.0m =
Current assets
€1.0m ▲ 49.1%
Equity and liabilities €2.0m
Equity
€12,997 ▼ 61.3%
Debt
€2.0m ▲ 21.8%
Debt's share of the balance-sheet total rises from 98.0% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
2.19▲
2024 · 0.52
ROE
-158.7%▼
2024 · -19.1%
Debt ≤ 1 year
€72,943▼
2024 · €292,703
Debt > 1 year
€1.7m▲
2024 · €1.2m
A ratio outside any meaningful range has been withheld (balance sheet total €2.0m, equity €12,997).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 820 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.3%
stopped otherwise
95%
still going
A further 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 820 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €14,500 | €10,000 | €49,272 | €467,729 | €334,830 | ▼ 28.4% |
| Turnover70 | €0 | - | - | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €14,500 | €10,000 | €49,272 | €467,729 | €334,830 | ▼ 28.4% |
| Operating charges60/66A | €18,920 | €15,184 | €53,551 | €471,543 | €338,715 | ▼ 28.2% |
| Goods for resale, raw materials and consumables60 | €14,500 | €10,000 | €49,272 | €467,729 | €334,830 | ▼ 28.4% |
| Purchases600/8 | €14,500 | €10,000 | €49,272 | €467,729 | €334,830 | ▼ 28.4% |
| Services and other goods61 | €3,552 | €4,316 | €3,319 | €2,847 | €2,886 | ▲ 1.4% |
| Other operating charges640/8 | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Operating profit (loss)9901 | -€4,420 | -€5,184 | -€4,279 | -€3,815 | -€3,885 | ▼ 1.8% |
| Financial income75/76B | €28,459 | €28,420 | €28,353 | €26,563 | €25,379 | ▼ 4.5% |
| Recurring financial income75 | €28,459 | €28,420 | €28,353 | €26,563 | €25,379 | ▼ 4.5% |
| Income from financial fixed assets750 | €28,459 | €28,420 | €28,353 | €26,563 | €25,379 | ▼ 4.5% |
| Other financial income752/9 | €0 | - | - | - | - | - |
| Financial charges65/66B | €26,529 | €27,391 | €28,673 | €29,155 | €42,121 | ▲ 44.5% |
| Recurring financial charges65 | €26,529 | €27,391 | €28,673 | €29,155 | €42,121 | ▲ 44.5% |
| Debt charges650 | €26,272 | €27,110 | €28,169 | €28,635 | €41,601 | ▲ 45.3% |
| Other financial charges652/9 | €257 | €280 | €503 | €520 | €520 | = |
| Profit (loss) for the period before taxes9903 | -€2,490 | -€4,154 | -€4,599 | -€6,407 | -€20,627 | ▼ 222% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Taxes670/3 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,490 | -€4,154 | -€4,599 | -€6,407 | -€20,627 | ▼ 222% |
| Profit (loss) for the period to be appropriated9905 | -€2,490 | -€4,154 | -€4,599 | -€6,407 | -€20,627 | ▼ 222% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.7m | €2.0m | ▲ 20.1% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | = |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | = |
| Companies linked by participating interests282/3 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | = |
| Amounts receivable283 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | = |
| Current assets29/58 | €71,486 | €142,071 | €196,366 | €694,579 | €1.0m | ▲ 49.1% |
| Stocks and contracts in progress3 | €14,500 | €24,500 | €73,772 | €541,500 | €876,331 | ▲ 61.8% |
| Stocks30/36 | €14,500 | €24,500 | €73,772 | €541,500 | €876,331 | ▲ 61.8% |
| Work in progress32 | €14,500 | €24,500 | €73,772 | €541,500 | €876,331 | ▲ 61.8% |
| Amounts receivable within one year40/41 | €3,827 | €6,701 | €17,692 | €18,400 | €3,572 | ▼ 80.6% |
| Trade receivables40 | - | €175 | €197 | €0 | - | - |
| Other amounts receivable41 | €3,827 | €6,526 | €17,495 | €18,400 | €3,572 | ▼ 80.6% |
| Cash at bank and in hand54/58 | €10,245 | €39,536 | €5,216 | €8,429 | €4,261 | ▼ 49.5% |
| Deferred charges and accrued income490/1 | €42,914 | €71,335 | €99,687 | €126,250 | €151,628 | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.7m | €2.0m | ▲ 20.1% |
| Equity10/15 | €48,785 | €44,631 | €40,032 | €33,625 | €12,997 | ▼ 61.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€12,715 | -€16,869 | -€21,468 | -€27,876 | -€48,503 | ▼ 74.0% |
| Amounts payable17/49 | €1.1m | €1.2m | €1.3m | €1.7m | €2.0m | ▲ 21.8% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.1m | €1.2m | €1.7m | ▲ 45.0% |
| Financial debts170/4 | €1.1m | €1.1m | €1.1m | €1.2m | €1.7m | ▲ 45.0% |
| Other loans174 | €1.1m | €1.1m | €1.1m | €1.2m | €1.7m | ▲ 45.0% |
| Amounts payable within one year42/48 | €3,365 | €994 | €6,719 | €292,703 | €72,943 | ▼ 75.1% |
| Trade debts44 | €3,365 | €994 | €6,719 | €292,703 | €72,943 | ▼ 75.1% |
| Suppliers440/4 | €3,365 | €994 | €6,719 | €292,703 | €72,943 | ▼ 75.1% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €84,580 | €111,690 | €139,860 | €168,495 | €210,096 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,490 | -€4,154 | -€4,599 | -€6,407 | -€20,627 | ▼ 222% |
| Operating cash flow (approximation) | -€2,490 | -€4,154 | -€4,599 | -€6,407 | -€20,627 | ▼ 222% |
| Investment in fixed assets (approximation) | - | €0 | €25,000 | €95,000 | €0 | ▼ 100% |
| Change in cash | - | €29,291 | -€34,320 | €3,213 | -€4,168 | ▼ 230% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial
Liquidity times 6current ratio 14.20
Current ratio from 2.37 to 14.20; short-term debt falls from €292,703 to €72,943.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-12
Financial
Liquidity times 7current ratio 143.00
Current ratio from 21.24 to 143.00; short-term debt falls from €3,365 to €994.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 21.24
Current ratio from 7.38 to 21.24.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Back to profitnet €64,871
Net result €64,871 after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 10current ratio 152.15
Current ratio from 14.93 to 152.15; short-term debt falls from €87,851 to €10,661.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Pieters-Woluwe · 1 establishment unit since 2017
Ground area
3,818 m²
Building footprint
2,331 m²
Volume, LiDAR
41,429 m³
2 parcels, Brussels · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
44
companies at this address
See who is registered here
1 establishment unit
URBIANT
since 20172.265.882.089
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0075/00K000 | Brussels | 3,217 m² | 1 · 1,911 m² | 26.1 m · 7 fl. |
| 21911C0140/00A012 | Brussels | 601 m² | 1 · 420 m² | 24.4 m · 7 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Meir Development and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
IMMOBILIERE BAY-LI
BE 0744.938.026
Walcourt · Eq €13,016
Toho Invest
BE 0805.886.391
Lendelede · Eq €12,960
BEAU MON IMMO
BE 1006.616.015
Beaumont · Eq €12,956
NOVA ARTE
BE 0769.578.303
Asse · Eq €13,046
MaWe
BE 0661.907.313
La Hulpe · Eq €12,912
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,106 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
Founded03-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675394568
Registered
05-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.