MEIRE - DE BAL
ActiveThe annual accounts of MEIRE - DE BAL for fiscal year 2025 show a net loss of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €39k and a net result of €-75k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 7760 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-33
Solvency31▼-8
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k 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 tight (current ratio 1.06 against 1.13 in 2024; short-term debt: 61.7% and cash: 11.4% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
6%
Return on assets
-11.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
31 d early
2023
1 d early
2022
4 d early
2021
34 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€39k▼ 65.5%
2024 · €114k
2019: €91k
2020: €91k
2021: €101k
2022: €112k
2023: €110k
2024: €114k
2019 → 2025
Total assets
€660k▼ 21.0%
2024 · €836k
2019: €769k
2020: €796k
2021: €797k
2022: €788k
2023: €736k
2024: €836k
2019 → 2025
Net result
€-75k
2024 · €9k
2019: €582
2020: €414
2021: €10k
2022: €10k
2023: €8k
2024: €9k
2019 → 2025
Working capital
€24k▼ 64.7%
2024 · €67k
2019: €60k
2020: €56k
2021: €55k
2022: €44k
2023: €50k
2024: €67k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€112k▲ 10.3%€110k▼ 1.4%€114k▲ 3.9%€39k▼ 65.5%
Operating result€49k-€53k▲ 8.3%€48k▼ 10.5%€55k▲ 15.2%€-38k
Net result€10k-€10k▲ 5.3%€8k▼ 19.2%€9k▲ 9.5%€-75k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38k after €55k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660k
Fixed assets
€229k▼ 9.7%
Current assets
€431k▼ 25.9%
Equity and liabilities €660k
Equity
€39k▼ 65.5%
Debt
€621k▼ 14.0%
The debt ratio rises from 86.3% to 94.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▼
2024 · €87k
Cash flow
€-49k▼
2024 · €41k
Solvency
6.0%▼
2024 · 13.7%
Current ratio
1.06▼
2024 · 1.13
Quick ratio
0.57▼
2024 · 0.81
Debt / equity
15.78▲
2024 · 6.32
ROE
-190.3%▼
2024 · 8.1%
ROA
-11.3%▼
2024 · 1.1%
Interest coverage
-0.34▼
2024 · 2.10
Debt
€621k▼
2024 · €722k
Debt ≤ 1 year
€407k▼
2024 · €515k
Debt > 1 year
€172k▼
2024 · €192k
Income taxes
€0▼
2024 · €5k
Staff costs
€515k▲
2024 · €487k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€836k€660k▼
Fixed assets21/28€254k€229k▼
Tangible fixed assets22/27€254k€229k▼
Land and buildings22€239k€223k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€8k€2k▼
Current assets29/58€582k€431k▼
Stocks and contracts in progress3€164k€198k▲
Stocks30/36€107k€138k▲
Contracts in progress37€56k€59k▲
Amounts receivable within one year40/41€368k€155k▼
Trade receivables40€310k€97k▼
Other amounts receivable41€58k€59k▲
Cash at bank and in hand54/58€48k€75k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€836k€660k▼
Equity10/15€114k€39k▼
Contributions10/11€6k€6k=
Reserves13€108k€33k▼
Distributable reserves133€108k€33k▼
Amounts payable17/49€722k€621k▼
Amounts payable after more than one year17€192k€172k▼
Financial debts170/4€192k€172k▼
Amounts payable within one year42/48€515k€407k▼
Current portion of amounts payable after more than one year42€133k€198k▲
Trade debts44€365k€192k▼
Suppliers440/4€365k€192k▼
Taxes, remuneration and social security45€12k€15k▲
Remuneration and social security454/9€12k€15k▲
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€15k€41k▲
Income statement
Code20242025
Remuneration, social security and pensions62€487k€515k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€26k▼
Other operating charges640/8€2k€72k▲
Gross operating margin9900€575k€574k▼
Operating profit (loss)9901€55k€-38k▼
Financial income75/76B€720€2k▲
Recurring financial income75€720€2k▲
Financial charges65/66B€41k€38k▼
Recurring financial charges65€41k€38k▼
Profit (loss) for the period before taxes9903€14k€-75k▼
Income taxes67/77€5k€0▼
Profit (loss) for the period9904€9k€-75k▼
Profit (loss) for the period to be appropriated9905€9k€-75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-75k▼
Transfer from equity791/2€5k€75k▲
Transfer to equity691/2€9k-
To other reserves6921€9k-
Profit to be distributed694/7€5k-
Return on contributions (dividend)694€5k-
Social balance
Average headcount (FTE)90879.39.8▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
30-06
Financial
Weakest financial yearnet €-75k ▼910%
Net result drops to €-75k, the lowest in the series.
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €10k ▲5.3%
Net result €10k, the highest in the series.
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €100kEq €101k ▲10.9%
3 profitable years in a row build equity to €101k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lievegem · 1 establishment unit since 1994
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.
Stuiver 429950 LievegemGround area
886 m²
Building footprint
224 m²
Volume, LiDAR
1,025 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEIRE - DE BAL BVBA
since 19942.065.436.044
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072A0750/00N000 | Flanders | 593 m² | 1 · 159 m² | 8.6 m · 2 fl. |
| 44072A0845/00B000 | Flanders | 293 m² | 1 · 65 m² | 4.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,677 EUR awarded · 1,677 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,677 EUR | 1,677 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,296 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-1993
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.