Mekali
ActiveSummary
Mekali has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €297k and a net result of €139k. Its solvency ranks better than 37% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency57=
Growth78
Track record82
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity ample (current ratio 1.8 against 1.34 in 2024; short-term debt: 45.3% and cash: 10.3% of total assets), but 68.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
31.6%
Return on assets
14.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filingsDeviation from the deadline
2025
28 d late
2024
61 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, abbreviated schema
Equity
€297k▲ 88.2%
2024 · €158k
2024: €158k
2025: €297k▲ +88.2% vs 2024
2024 → 2025
Total assets
€940k▲ 89.2%
2024 · €497k
2024: €497k
2025: €940k▲ +89.2% vs 2024
2024 → 2025
Net result
€139k▲ 13.4%
2024 · €123k
2024: €123k
2025: €139k▲ +13.4% vs 2024
2024 → 2025
Working capital
€341k▲ 198%
2024 · €114k
2024: €114k
2025: €341k▲ +198% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€158k-€297k▲ 88.2%
2024: €158k
2025: €297k▲ +88.2% vs 2024
Operating result€160k-€188k▲ 17.3%
2024: €160k
2025: €188k▲ +17.3% vs 2024
Net result€123k-€139k▲ 13.4%
2024: €123k
2025: €139k▲ +13.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €940k
Fixed assets
€173k ▲ 266%
Current assets
€767k ▲ 70.6%
Equity and liabilities €940k
Equity
€297k ▲ 88.2%
Debt
€643k ▲ 89.6%
Debt's share of the balance-sheet total rises from 68.2% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€198k▲
2024 · €162k
Cash flow
€149k▲
2024 · €124k
Current ratio
1.80▲
2024 · 1.34
Quick ratio
0.84▲
2024 · 0.82
Debt to equity
2.16▲
2024 · 2.15
ROE
46.9%▼
2024 · 77.8%
ROA
14.8%▼
2024 · 24.7%
Interest coverage
25.47▼
2024 · 56.51
Debt ≤ 1 year
€426k▲
2024 · €335k
Debt > 1 year
€217k
Income taxes
€41k▲
2024 · €34k
Staff costs
€53k▲
2024 · €26k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€497k€940k▲
Fixed assets21/28€47k€173k▲
Tangible fixed assets22/27€21k€144k▲
Plant, machinery and equipment23€21k€14k▼
Leasing and similar rights25-€130k
Financial fixed assets28€26k€29k▲
Current assets29/58€450k€767k▲
Stocks and contracts in progress3€175k€411k▲
Stocks30/36€175k€411k▲
Amounts receivable within one year40/41€166k€255k▲
Trade receivables40€143k€253k▲
Other amounts receivable41€23k€1k▼
Cash at bank and in hand54/58€108k€97k▼
Deferred charges and accrued income490/1€671€5k▲
Equity and liabilities
Total equity and liabilities10/49€497k€940k▲
Equity10/15€158k€297k▲
Contributions10/11€35k€35k=
Reserves13€123k€262k▲
Distributable reserves133€123k€262k▲
Amounts payable17/49€339k€643k▲
Amounts payable after more than one year17-€217k
Financial debts170/4-€217k
Amounts payable within one year42/48€335k€426k▲
Current portion of amounts payable after more than one year42-€61k
Trade debts44€256k€263k▲
Suppliers440/4€256k€263k▲
Taxes, remuneration and social security45€40k€77k▲
Taxes450/3€34k€71k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€40k€25k▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€52k
Remuneration, social security and pensions62€26k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€10k▲
Other operating charges640/8€12k€4k▼
Gross operating margin9900€199k€256k▲
Operating profit (loss)9901€160k€188k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€157k€180k▲
Income taxes67/77€34k€41k▲
Profit (loss) for the period9904€123k€139k▲
Profit (loss) for the period to be appropriated9905€123k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€123k€139k▲
Transfer to equity691/2€123k€139k▲
To other reserves6921€123k€139k▲
Social balance
Average headcount (FTE)90870.81.5▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €52k | - |
| Remuneration, social security and pensions62 | €26k | €53k | ▲ 104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €10k | ▲ 523% |
| Other operating charges640/8 | €12k | €4k | ▼ 63.4% |
| Gross operating margin9900 | €199k | €256k | ▲ 28.2% |
| Operating profit (loss)9901 | €160k | €188k | ▲ 17.3% |
| Financial income75/76B | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €3k | €8k | ▲ 172% |
| Recurring financial charges65 | €3k | €8k | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €157k | €180k | ▲ 14.5% |
| Income taxes67/77 | €34k | €41k | ▲ 18.6% |
| Profit (loss) for the period9904 | €123k | €139k | ▲ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €123k | €139k | ▲ 13.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €497k | €940k | ▲ 89.2% |
| Fixed assets21/28 | €47k | €173k | ▲ 266% |
| Tangible fixed assets22/27 | €21k | €144k | ▲ 588% |
| Plant, machinery and equipment23 | €21k | €14k | ▼ 34.8% |
| Leasing and similar rights25 | - | €130k | - |
| Financial fixed assets28 | €26k | €29k | ▲ 11.4% |
| Current assets29/58 | €450k | €767k | ▲ 70.6% |
| Stocks and contracts in progress3 | €175k | €411k | ▲ 135% |
| Stocks30/36 | €175k | €411k | ▲ 135% |
| Amounts receivable within one year40/41 | €166k | €255k | ▲ 53.5% |
| Trade receivables40 | €143k | €253k | ▲ 76.8% |
| Other amounts receivable41 | €23k | €1k | ▼ 93.7% |
| Cash at bank and in hand54/58 | €108k | €97k | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €671 | €5k | ▲ 620% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €497k | €940k | ▲ 89.2% |
| Equity10/15 | €158k | €297k | ▲ 88.2% |
| Contributions10/11 | €35k | €35k | = |
| Reserves13 | €123k | €262k | ▲ 113% |
| Distributable reserves133 | €123k | €262k | ▲ 113% |
| Amounts payable17/49 | €339k | €643k | ▲ 89.6% |
| Amounts payable after more than one year17 | - | €217k | - |
| Financial debts170/4 | - | €217k | - |
| Amounts payable within one year42/48 | €335k | €426k | ▲ 27.1% |
| Current portion of amounts payable after more than one year42 | - | €61k | - |
| Trade debts44 | €256k | €263k | ▲ 2.7% |
| Suppliers440/4 | €256k | €263k | ▲ 2.7% |
| Taxes, remuneration and social security45 | €40k | €77k | ▲ 95.3% |
| Taxes450/3 | €34k | €71k | ▲ 106% |
| Remuneration and social security454/9 | €5k | €7k | ▲ 27.9% |
| Other amounts payable47/48 | €40k | €25k | ▼ 36.8% |
| Accrued charges and deferred income492/3 | €4k | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €139k | ▲ 13.4% |
| + Depreciation and write-downs630 | €2k | €10k | ▲ 523% |
| Operating cash flow (approximation) | €124k | €149k | ▲ 20.1% |
| Investment in fixed assets (approximation) | - | €-136k | - |
| Change in cash | - | €-11k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Equity above €200kEq €297k ▲88.2%
2 profitable years in a row build equity to €297k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2023
Ground area
4,621 m²
Building footprint
2,350 m²
Volume, LiDAR
3,331 m³
Parcel 44807G0406/00C002, Flanders · tallest building 6.8 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Wiedauwkaai 80, 9000 Gent
since 20232.353.534.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0406/00C002 | Flanders | 4,621 m² | 1 · 2,349 m² | 6.8 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
Food safety, FASFC
1 siteGent2.353.534.457
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Of 756 companies in sector 46321 we hold annual accounts for 551. 410 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
Founded14-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
46392Non-specialised wholesale
47221Retail sale of meat and meat products, excluding game and poultry
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.