MEMCO
ActiveSummary
MEMCO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348k and a net result of €-81k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-38
Solvency70▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.67 in 2024; short-term debt: 53.6% and cash: 17% of total assets), and 54.9% 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.
−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
45.1%
Return on assets
-10.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2022
129 d late
2021
29 d late
2020
31 d late
2019
25 d late
2018
40 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€348k▼ 18.8%
2024 · €429k
2018: €88k
2019: €108k
2020: €111k
2021: €157k
2022: €420k
2024: €429k
2018 → 2025
Total assets
€773k▲ 10.1%
2024 · €702k
2018: €140k
2019: €206k
2020: €228k
2021: €372k
2022: €698k
2024: €702k
2018 → 2025
Net result
€-81k
2024 · €9k
2018: €6k
2019: €20k
2020: €3k
2021: €46k
2022: €263k
2024: €9k
2018 → 2025
Working capital
€151k▼ 18.1%
2024 · €184k
2018: €73k
2019: €89k
2020: €100k
2021: €15k
2022: €191k
2024: €184k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€111k-€157k▲ 42.1%€420k▲ 168%€429k▲ 2.0%€348k▼ 18.8%
Operating result€60k-€126k▲ 109%€372k▲ 195%€61k▼ 83.6%€-64k
Net result€3k-€46k▲ 1,609%€263k▲ 466%€9k▼ 96.7%€-81k
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 turns negative in 2025: a loss of €64k after €61k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773k
Fixed assets
€207k ▼ 15.3%
Current assets
€565k ▲ 23.8%
Equity and liabilities €773k
Equity
€348k ▼ 18.8%
Debt
€425k ▲ 55.7%
Debt's share of the balance-sheet total rises from 38.9% to 54.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €144k
Cash flow
€-28k▼
2024 · €92k
Current ratio
1.36▼
2024 · 1.67
Debt to equity
1.22▲
2024 · 0.64
ROE
-23.2%▼
2024 · 2.0%
ROA
-10.4%▼
2024 · 1.2%
Interest coverage
-0.66▼
2024 · 2.90
Debt ≤ 1 year
€415k▲
2024 · €273k
Debt > 1 year
€10k
Staff costs
€1.16M▼
2024 · €1.78M
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€702k€773k▲
Fixed assets21/28€245k€207k▼
Tangible fixed assets22/27€168k€130k▼
Plant, machinery and equipment23€40k€29k▼
Furniture and vehicles24€128k€101k▼
Financial fixed assets28€77k€77k=
Current assets29/58€457k€565k▲
Amounts receivable after more than one year29€53k€48k▼
Other amounts receivable291€53k€48k▼
Amounts receivable within one year40/41€364k€386k▲
Trade receivables40€212k€304k▲
Other amounts receivable41€152k€82k▼
Cash at bank and in hand54/58€39k€131k▲
Equity and liabilities
Total equity and liabilities10/49€702k€773k▲
Equity10/15€429k€348k▼
Contributions10/11€8k€8k=
Outside capital11€8k€8k=
Other1109/19€8k€8k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€419k€338k▼
Amounts payable17/49€273k€425k▲
Amounts payable after more than one year17-€10k
Financial debts170/4-€10k
Amounts payable within one year42/48€273k€415k▲
Current portion of amounts payable after more than one year42€40k-
Trade debts44€175k€350k▲
Suppliers440/4€175k€350k▲
Taxes, remuneration and social security45€57k€65k▲
Remuneration and social security454/9€57k€65k▲
Other amounts payable47/48€212-
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€1.78M€1.16M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€53k▼
Other operating charges640/8€15k€14k▼
Non-recurring operating charges66A€5k-
Gross operating margin9900€1.95M€1.16M▼
Operating profit (loss)9901€61k€-64k▼
Financial income75/76B€41€4▼
Recurring financial income75€41€4▼
Financial charges65/66B€50k€17k▼
Recurring financial charges65€50k€17k▼
Profit (loss) for the period before taxes9903€11k€-81k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€9k€-81k▼
Profit (loss) for the period to be appropriated9905€9k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€419k€338k▼
Profit (loss) brought forward from the previous period14P€411k€419k▲
Social balance
Average headcount (FTE)908725.923.6▼
The notes to these accounts (7 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-81k ▼1043%
Net result drops to €-81k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 129 days late
2022
31-12
Financial
Highest result since 2018net €263k ▲466%
Operating result €372k, net result €263k, both a record.
31-12
Financial
Equity above €200kEq €420k ▲168%
5 profitable years in a row build equity to €420k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Equity above €150kEq €157k ▲42.1%
4 profitable years in a row build equity to €157k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €100kEq €108k ▲22.9%
2 profitable years in a row build equity to €108k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Destelbergen · 1 establishment unit since 2013
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.
Laarnebaan(HEU) 1069070 DestelbergenGround area
2,101 m²
Building footprint
848 m²
Parcel 44028B0456/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
MEMCO
since 20132.225.812.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028B0456/00F000 | Flanders | 2,101 m² | 1 · 848 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Recognised contractor
3 categoriesMEMCO BV36185
Similar companies · same sector, comparable size
PREPARATION TECHNIQUE
BE 0465.842.795
La Louvière · Eq €347,657
A2Z RENOVATIE
BE 0463.779.764
Zedelgem · Eq €348,814
ANTHONY VAN DOORNE
BE 0894.289.223
Damme · Eq €348,954
WEDAM
BE 0461.268.157
Geel · Eq €348,965
PADAF
BE 0649.858.428
Anderlecht · Eq €349,070
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,187 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-08-2013
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.