MEMOCO
ActiveSummary
MEMOCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373,109 and a net result of €256,776. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+69
Solvency36▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.32 in 2024; short-term debt: 86% and cash: 4.5% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Seven 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
10.7%
Return on assets
7.4%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 179 sector peers (2025).
NBB · sector comparisonPosition among 179 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
8 d early
2023
29 d late
2022
12 d early
2021
95 d early
2020
31 d early
2019
30 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 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Walloon Brabant, Other professional activities sector#4 employer in Walloon Brabant, Other professional activities sector
Turnover
€15.2m
EBIT margin
-1.4%
Net result
€256,776
2024 · -€267,496
Working capital
-€403,523▲ 45.1%
2024 · -€735,044
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€217,602▲ 29.8%-€245,157▼ 12.7%-€215,741▲ 12.0%-€499,862▼ 132%€75,562
Net result€21,601€1,043▼ 95.2%€26,680▲ 2,459%-€267,496€256,776
EBIT margin
Equity€438,691▲ 34.8%€544,731▲ 24.2%€565,071▲ 3.7%€172,188▼ 69.5%€373,109▲ 117%
Total assets€2.4m▲ 3.0%€2.0m▼ 15.2%€1.9m▼ 4.7%€1.4m▼ 25.6%€3.5m▲ 140%
Debt€2.0m▼ 2.1%€1.5m▼ 23.9%€1.4m▼ 7.7%€1.3m▼ 7.7%€3.1m▲ 143%
Working capital-€670,755▼ 32.0%-€734,016▼ 9.4%-€649,784▲ 11.5%-€735,044▼ 13.1%-€403,523▲ 45.1%
Staff (FTE)9.4▼ 2.1%10.7▲ 13.8%6.4▼ 40.2%5▼ 21.9%10.6▲ 112%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €75,562 after a loss of €499,862 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€889,709 ▼ 19.7%
Current assets
€2.6m ▲ 660%
Equity and liabilities €3.5m
Equity
€373,109 ▲ 117%
Debt
€3.1m ▲ 143%
Debt's share of the balance-sheet total rises from 88.1% to 89.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€607,609▲
2024 · -€21,129
Cash flow
€788,823▲
2024 · €211,238
Current ratio
0.87▲
2024 · 0.32
Quick ratio
0.73▲
2024 · 0.28
Debt to equity
8.33▲
2024 · 7.41
ROE
68.8%▲
2024 · -155.4%
ROA
7.4%▲
2024 · -18.5%
Interest coverage
4.91▲
2024 · -0.48
Debt ≤ 1 year
€3.0m▲
2024 · €1.1m
Debt > 1 year
€72,954▼
2024 · €114,564
Income taxes
-€23,687▼
2024 · €2,966
Staff costs
€1.3m▲
2024 · €306,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €523,716 | €621,988 | €457,746 | €306,890 | €1.3m | ▲ 315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €498,209 | €515,060 | €508,272 | €478,734 | €532,047 | ▲ 11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,570 | €7,721 | -€23,291 | -€20,919 | ▲ 10.2% |
| Other operating charges640/8 | €206 | €3,808 | €1,067 | €104 | €11,281 | ▲ 10,756% |
| Non-recurring operating charges66A | - | - | - | - | €41,896 | - |
| Gross operating margin9900 | €804,529 | €911,269 | €759,064 | €262,575 | €1.9m | ▲ 629% |
| Operating profit (loss)9901 | -€217,602 | -€245,157 | -€215,741 | -€499,862 | €75,562 | ▲ 115% |
| Financial income75/76B | €244,505 | €250,698 | €253,724 | €279,593 | €308,342 | ▲ 10.3% |
| Recurring financial income75 | €244,505 | €250,698 | €253,724 | €279,593 | €190,543 | ▼ 31.9% |
| Non-recurring financial income76B | €0 | - | - | - | €117,799 | - |
| Financial charges65/66B | €26,927 | €26,578 | €35,136 | €44,261 | €150,815 | ▲ 241% |
| Recurring financial charges65 | €26,927 | €26,578 | €35,136 | €44,261 | €123,816 | ▲ 180% |
| Non-recurring financial charges66B | - | - | - | - | €26,999 | - |
| Profit (loss) for the period before taxes9903 | -€24 | -€21,037 | €2,846 | -€264,530 | €233,089 | ▲ 188% |
| Transfer from deferred taxes780 | €22,035 | - | - | - | - | - |
| Income taxes67/77 | €410 | -€22,080 | -€23,833 | €2,966 | -€23,687 | ▼ 899% |
| Profit (loss) for the period9904 | €21,601 | €1,043 | €26,680 | -€267,496 | €256,776 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €21,601 | €1,043 | €26,680 | -€267,496 | €256,776 | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.0m | €1.9m | €1.4m | €3.5m | ▲ 140% |
| Fixed assets21/28 | €1.3m | €1.4m | €1.3m | €1.1m | €889,709 | ▼ 19.7% |
| Intangible fixed assets21 | €1.3m | €1.4m | €1.3m | €1.1m | €791,775 | ▼ 25.7% |
| Tangible fixed assets22/27 | €59,168 | €54,018 | €46,588 | €41,660 | €97,934 | ▲ 135% |
| Land and buildings22 | - | €49,830 | €45,497 | €41,164 | €36,831 | ▼ 10.5% |
| Plant, machinery and equipment23 | €54,163 | - | - | - | €19,847 | - |
| Furniture and vehicles24 | €5,005 | €4,188 | €1,091 | €496 | €41,256 | ▲ 8,220% |
| Financial fixed assets28 | €3,440 | €500 | €500 | €500 | - | - |
| Current assets29/58 | €1.1m | €625,525 | €617,874 | €340,601 | €2.6m | ▲ 660% |
| Amounts receivable after more than one year29 | €120,309 | €142,388 | €166,222 | €138,379 | €135,858 | ▼ 1.8% |
| Other amounts receivable291 | €120,309 | €142,388 | €166,222 | €138,379 | €135,858 | ▼ 1.8% |
| Stocks and contracts in progress3 | €161,717 | €124,537 | €109,465 | €44,125 | €413,914 | ▲ 838% |
| Stocks30/36 | €161,717 | €124,537 | €109,465 | €44,125 | €413,914 | ▲ 838% |
| Amounts receivable within one year40/41 | €603,244 | €343,285 | €304,513 | €133,044 | €1.8m | ▲ 1,287% |
| Trade receivables40 | €489,716 | €193,500 | €146,673 | €87,210 | €1.4m | ▲ 1,493% |
| Other amounts receivable41 | €113,527 | €149,785 | €157,840 | €45,834 | €456,258 | ▲ 895% |
| Cash at bank and in hand54/58 | €180,706 | €15,314 | €20,763 | €18,862 | €156,476 | ▲ 730% |
| Deferred charges and accrued income490/1 | - | - | €16,911 | €6,190 | €37,795 | ▲ 511% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.0m | €1.9m | €1.4m | €3.5m | ▲ 140% |
| Equity10/15 | €438,691 | €544,731 | €565,071 | €172,188 | €373,109 | ▲ 117% |
| Contributions10/11 | €108,000 | €108,000 | €108,000 | €108,000 | €200,000 | ▲ 85.2% |
| Capital10 | €108,000 | €108,000 | €108,000 | €108,000 | €200,000 | ▲ 85.2% |
| Issued capital100 | €108,000 | €108,000 | €108,000 | €108,000 | €200,000 | ▲ 85.2% |
| Reserves13 | €10,800 | €10,800 | €10,800 | €10,800 | €48,406 | ▲ 348% |
| Non-distributable reserves130/1 | €10,800 | €10,800 | €10,800 | €10,800 | €30,800 | ▲ 185% |
| Legal reserve130 | €10,800 | €10,800 | €10,800 | €10,800 | €30,800 | ▲ 185% |
| Distributable reserves133 | - | - | - | - | €17,606 | - |
| Profit (loss) carried forward14 | -€275,981 | -€274,938 | -€248,258 | -€515,754 | -€359,327 | ▲ 30.3% |
| Investment grants15 | €595,872 | €700,869 | €694,530 | €569,142 | €484,029 | ▼ 15.0% |
| Amounts payable17/49 | €2.0m | €1.5m | €1.4m | €1.3m | €3.1m | ▲ 143% |
| Amounts payable after more than one year17 | €77,465 | €6,003 | - | €114,564 | €72,954 | ▼ 36.3% |
| Financial debts170/4 | €77,465 | €6,003 | - | €114,564 | €72,954 | ▼ 36.3% |
| Amounts payable within one year42/48 | €1.7m | €1.4m | €1.3m | €1.1m | €3.0m | ▲ 178% |
| Current portion of amounts payable after more than one year42 | €95,631 | €71,463 | €6,003 | €64,574 | €130,897 | ▲ 103% |
| Financial debts43 | €200,000 | €219,890 | €200,000 | - | €19,952 | - |
| Credit institutions430/8 | €200,000 | €219,890 | €200,000 | - | - | - |
| Other loans439 | - | - | - | - | €19,952 | - |
| Trade debts44 | €817,705 | €759,164 | €905,066 | €871,735 | €1.8m | ▲ 108% |
| Suppliers440/4 | €817,705 | €759,164 | €905,066 | €871,735 | €1.8m | ▲ 108% |
| Advances received on contracts in progress46 | - | - | - | - | €540,110 | - |
| Taxes, remuneration and social security45 | €463,329 | €80,564 | €28,824 | €139,336 | €355,494 | ▲ 155% |
| Taxes450/3 | - | €202 | - | €103,726 | €180,333 | ▲ 73.9% |
| Remuneration and social security454/9 | €463,329 | €80,363 | €28,824 | €35,610 | €175,161 | ▲ 392% |
| Other amounts payable47/48 | €160,065 | €228,460 | €127,765 | - | €132,020 | - |
| Accrued charges and deferred income492/3 | €155,465 | €132,814 | €114,854 | €86,154 | €40,123 | ▼ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,601 | €1,043 | €26,680 | -€267,496 | €256,776 | ▲ 196% |
| + Depreciation and write-downs630 | €498,209 | €515,060 | €508,272 | €478,734 | €532,047 | ▲ 11.1% |
| Operating cash flow (approximation) | €519,810 | €516,103 | €534,951 | €211,238 | €788,823 | ▲ 273% |
| Investment in fixed assets (approximation) | - | -€590,249 | -€420,416 | -€256,975 | -€313,806 | ▼ 22.1% |
| Change in cash | - | -€165,392 | €5,449 | -€1,901 | €137,614 | ▲ 7,339% |
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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €256,776
Net result €256,776 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €373,109 ▲117%
Equity rises from €172,188 to €373,109.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€267,496
Net result drops to -€267,496, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500,000Eq €544,731 ▲24.2%
2 profitable years in a row build equity to €544,731.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €21,601
Net result €21,601 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2009
Ground area
3,005 m²
Building footprint
917 m²
Volume, LiDAR
7,575 m³
Parcel 25386B0112/00K008, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MEMOCO
since 20092.182.963.323
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0112/00K008 | Wallonia | 3,004 m² | 1 · 917 m² | 9.8 m · 3 fl. |
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.
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,935. 1,308 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
Founded20-10-2009
Fiscal year end31-12
Trade name FR
Metering & Monitoring & Control en abrégé "MeMoCo"
Activities, NACEBEL 2025
62100Computer programming
74999Other professional, scientific and technical activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
46190Agents in non-specialised wholesale trade
63100Computing infrastructure, data processing, hosting and related activities
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
jerome.kervyn@memoco.euOttignies-Louvain-la-Neuve
Phone
0496/268606Ottignies-Louvain-la-Neuve
Scores and ratios are computed by Checked and are not a credit decision.