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MEMOCO

Active Public limited companyfounded 2009active for 17 yearsRue de Rodeuhaie 6, 1348 Ottignies-Louvain-la-NeuveKBO/BCE: BE 0820.144.205 subsidiary of JKMANAGEMENT#4 employer in Walloon Brabant, Other professional activities sector

Overview

Lifetime

15 annual accounts with figures on one time axis
peak €1.9m (2025)
€1.9m▲ 629%
lowest -€267,496 (2024)
€256,776▲ €524,271
peak €790,542 (2015)
€373,109▲ 117%
€3.1m▲ 143%
peak 12 FTE (2016)
10.6 FTE▲ 112%
Board10 names since 2019
4 directorsJKMANAGEMENT and 3 others
Owners5 names in the annual accounts
Documentsfilings and deeds
04-05-202688 days before the deadline
2025financial year
Gross margin from €262,575 to €1.9mBack to profit: €256,776Staff from 5 FTE to 10.6 FTECapital increase · Amendment of the articles 08-12Share cancellation 08-12Demerger: STEEL splits off to GREENWATCH 08-08

Key points

from the 2025 annual accounts

Equity

€373,109 from €790,542 in 2015

Equity fell by 53% in 10 years.

Result

€256,776 €256,776
-€267,0002024€257,0002025

Back in profit in 2025, after a loss of €267,496 in 2024.

Debts

€3.1m 89% of the balance sheet
Financial debts 3%Suppliers 58%Taxes and wages 11%Other 27%

€203,851 of the debts are secured on the company's own assets. In 2021 that was €373,097.

Staff

21 employees on 31-12-2025
2320212120221720232320242032025

In 2025, 20 people joined and 3 left.

Liquidity

0.87 was 0.32 in 2024

Short-term debts rose from €1.1m to €3.0m.

Restructuring

2025
  • 20-10-2009 founded
  • 08-08-2025 branch from STEEL

Branch taken over from STEEL. Takeover on 08-08-2025.

Equity +117%: branch received

Checked score

86
Excellent
Financially stronger than 41% of small companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 188 companies (NACE 74, small).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.7 percentage points vs 07-2025 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026highest value 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 0.2%▼ -1.1 percentage points vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Weak

36-1equity 10.7% of total assets
8-3short-term debt 86.0% · cash 4.5%
69+69return on assets 7.4%

Score breakdown

raises risk
Equity €373,109 (10.7% of total assets)
Liquidity: current ratio 0.87, cash €156,476
lowers risk
Figures for financial year 2025 (filed on 04-05-2026)
Profit of €256,776 (financial year 2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, small). It does better than 16% of them on solvency, 5% on liquidity, 48% on profitability and 94% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,609 companies had the same profile as MEMOCO has now. Each dot stands for 7 companies, two years later.

96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of MEMOCO itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,609 companies, not a prediction for MEMOCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.87 (0.32 in 2024), below 1. Short-term debt is 86% and cash 4.5% of total assets. 89.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €373,109 (10.7% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 04-05-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.87, cash €156,476
NBB · annual accounts
lowers risk · Profit of €256,776 (financial year 2025)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 212 sector peers (2025).
NBB · sector comparison
Position among 212 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 filings
Deviation from the deadline
2025
88 days early
2024
8 days early
2023
29 days late
2022
12 days early
2021
95 days early
2020
31 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

J
Managing director, Jérôme KERVYN
LM
Managing director, DERECQUE Laurence Anne Michèle
BA
Director, MALISSE Valérie Louise, since 24-07-2025
F
Director, VILAIN Sara Ghislaine Marguerite, since 24-07-2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0820144205
Capital increase · Amendment of the articles Capital from €138,500 to €738,500, 48,000 new shares · Capital from €738,500 to €200,000 · General meeting of 03-12-2025 · Gazette deed
Share cancellation Cancellation of 10,800 shares · General meeting of 03-12-2025 · Gazette deed
Demerger: STEEL splits off to GREENWATCH Company renamed from GREENWATCH to MEMOCO · Capital increase of €138,500 to €246,500 · Capital from €108,000 to €246,500, 46,400 new shares · General meeting of 24-07-2025 · Gazette deed
All 32 events

Comparable companies

same main activity, similar in size and age
Company
MEMOCO Ottignies-Louvain-la-Neuve €3.5m €1.9m 10.7% 10.6
IPSILON Belgium Ghent €4.2m €1.6m 42.7% 12.3
Innolab Oostkamp €2.8m €1.8m 52.4% 13.9
LEGAL BROKERS Brecht €4.8m €1.8m 20.6% 10.7
Th!nk E Oud-Heverlee €5.8m €1.5m 9.1% 13.1
ORA MANAGEMENT Wevelgem €1.9m €1.9m 70.8% 12.9
EPSLOG Liège €2.5m €1.4m 75.5% 7.5

These companies have the same main activity as MEMOCO: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €1.9m and €5.8m, founded between 2005 and 2011.

Official details

Source: KBO
Status
Active since 20-10-2009Normal situation
Activity
Other professional, scientific and technical activitiesNACE 74999and 5 others
Establishment unit
2.182.963.3231348 Ottignies-Louvain-la-Neuve, since 20-10-2009
Financial year end
31 December
Peppol
Reachable since 18-12-2025
Company details

Annual accounts 2025

€1.9m▲ 629%
≈ €3.3mestimated
€256,776
€373,109▲ 117%
€3.5m▲ 140%
Employeeson 31-12-2025
21▲ 425%
Filing
Filed on 04-05-2026, 88 days before the end of the filing period
Financials

Insights on MEMOCO

MEMOCO has existed since 2009. In 2012 the gross margin rose from €28,400 to €475,536 and staff from 0.3 to 1.8 full-time equivalents.

JKMANAGEMENT holds all the shares. In August 2025, the Official Gazette published the appointment of LD Management Company as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 04-05-2026, 88 days before the deadline
€1.9m
▲ 629%
€75,562
▲ €575,424
€607,609
▲ €628,738
€788,823
▲ 273%
10.7%
▼ 1.2 percentage points
0.87
▲ 0.55

Money flows

no detail for 2025

Balance sheet

balance sheet total €3.5m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

10.7%

Higher than 20% of 212 companies in 2025.

0.87

Higher than 26% of 203 companies in 2025.

7.4%

Higher than 65% of 208 companies in 2025.

MEMOCO Middle half of the sector 80% of the sector Full accounts in other professional activities (NACE 74)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

Men and women

Not in that year's accounts.

€120,160

Staff costs divided by the average number of full-time equivalents.

+17 people

people who joined people who left

In 2025, 20 people joined and 3 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 3.5m1.4m1.9m2.0m2.4m2.3m2.6m2.9m2.8m3.8m3.1m4.1m3.0m2.8m951,033
21/28 889,7091.1m1.3m1.4m1.3m1.1m1.3m1.3m1.3m1.4m1.0m944,300188,134-112,243
21 791,7751.1m1.3m1.4m1.3m1.1m1.2m1.3m1.3m1.1m1.0m915,666167,50085,793112,243
22/27 97,93441,66046,58854,01859,16867,53075,8921,8067,47719,17914,36727,58420,63415,593-
22 36,83141,16445,49749,830-----------
23 19,847---54,16358,49662,829--------
24 41,2564961,0914,1885,0059,03413,0631,8067,47719,17914,36727,58420,63415,593-
28 -5005005003,4405,2604,5401,5501,050282,5501,0501,050---
280/1 ---------281,500-----
280 ---------281,500-----
284/8 -------1,5501,0501,0501,0501,050---
285/8 -------1,5501,0501,0501,0501,050---
29/58 2.6m340,601617,874625,5251.1m1.2m1.3m1.7m1.5m2.4m2.1m3.2m2.8m2.7m838,790
29 135,858138,379166,222142,388120,30998,68477,742--------
291 135,858138,379166,222142,388120,30998,68477,742--------
3 413,91444,125109,465124,537161,717201,458239,062122,879132,926149,345158,468172,613192,452287,269272,857
30/36 413,91444,125109,465124,537161,717201,458239,062122,879132,926149,345158,468172,613192,452287,269272,857
34 -------122,879132,926149,345158,468172,613192,452--
40/41 1.8m133,044304,513343,285603,244878,506928,9171.4m1.1m1.1m1.9m2.8m1.8m2.2m497,295
40 1.4m87,210146,673193,500489,716785,658517,5171.3m995,2371.1m1.8m2.6m1.7m2.0m497,295
41 456,25845,834157,840149,785113,52792,847411,400140,026116,688-55,357257,53588,125249,653-
54/58 156,47618,86220,76315,314180,70614,69895,044120,221256,7271.2m39,215181,625723,276143,13163,322
490/1 37,7956,19016,911--8338332,95017,4845,17540,99110,57524,49295,7695,315
Balance sheet: equity and liabilities
10/49 3.5m1.4m1.9m2.0m2.4m2.3m2.6m2.9m2.8m3.8m3.1m4.1m3.0m2.8m951,033
10/15 373,109172,188565,071544,731438,691325,331514,231646,814642,694749,951790,542773,294191,200173,439112,179
10/11 200,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000-108,000
10 200,000108,000108,000108,000108,000--------108,000-
100 200,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000108,000
13 48,40610,80010,80010,80010,80010,80010,80010,80010,80010,80010,80010,80010,1609,272209
130/1 30,80010,80010,80010,80010,80010,800---------
130 30,80010,80010,80010,80010,80010,80010,80010,80010,80010,80010,80010,80010,1609,272209
133 17,606--------------
14 -359,327-515,754-248,258-274,938-275,981-297,581-219,718-145,516-161,49364,090192,278221,83373,04056,1673,970
15 484,029569,142694,530700,869595,872504,113615,150673,530685,387567,060479,464432,661---
17/49 3.1m1.3m1.4m1.5m2.0m2.0m2.1m2.3m2.2m3.1m2.4m3.3m2.8m2.7m838,855
17 72,954114,564-6,00377,465170,841182,710--------
170/4 72,954114,564-6,00377,465170,841182,710--------
42/48 3.0m1.1m1.3m1.4m1.7m1.7m1.8m2.1m2.0m2.9m2.1m3.0m2.3m2.3m732,371
42 130,89764,5746,00371,46395,631194,69468,885--------
43 19,952-200,000219,890200,000130,000200,000172,096137,000137,000-26,754189,500--
430/8 --200,000219,890200,000130,000200,000172,096137,000137,000-26,754189,500--
439 19,952--------------
44 1.8m871,735905,066759,164817,7051.1m1.2m1.9m1.5m2.4m2.0m2.9m110,213166,954223,126
440/4 1.8m871,735905,066759,164817,7051.1m1.2m1.9m1.5m2.4m2.0m2.9m110,213166,954223,126
46 540,110----65,000------82,299--
45 355,494139,33628,82480,564463,329162,482224,97433,702196,016292,23057,80563,777300,329491,199129,329
450/3 180,333103,726-202-100,492170,581306118,667216,2994286,648245,805486,769129,329
454/9 175,16135,61028,82480,363463,32961,99054,39433,39677,34975,93057,37757,13054,5244,430-
47/48 132,020-127,765228,460160,06521,00057,3158,083110,83576,38480,08425,9761.6m1.6m379,916
492/3 40,12386,154114,854132,814155,465138,927155,917157,103159,646185,105235,968347,638510,536398,875106,484
Income statement
70/76A -------15.7m15.9m16.3m16.5m18.2m18.5m--
70 -------15.2m15.2m15.5m15.8m17.5m18.2m--
72 -------478,482576,183489,542537,442609,188---
76A ----0----------
9900 1.9m262,575759,064911,269804,529666,558629,945------475,53628,400
60/66A -------15.9m16.1m16.7m16.7m18.3m18.5m--
60 -------14.3m14.4m14.8m14.8m16.3m16.8m--
600/8 -------14.3m14.4m14.8m14.8m16.3m16.7m--
609 -------10,04716,4199,12414,14519,83994,816--
61 -------683,916577,976881,121931,1571.3m1.2m--
62 1.3m306,890457,746621,988523,716481,237426,772458,235635,162580,056507,239414,693379,807-5,406
630 532,047478,734508,272515,060498,209490,949507,857479,063440,516366,793465,623323,73160,19928,79417,887
631/4 -20,919-23,2917,72115,570-----------
640/8 11,2811041,0673,8082064,16948,5546681,9501,2041,4981,1647,8301,054702
66A 41,896-----40,500-281,500---38,209--
9901 75,562-499,862-215,741-245,157-217,602-309,797-393,738-216,816-156,736-320,638-239,718-99,99458,188363,8134,405
75/76B 308,342279,593253,724250,698244,505238,592257,475249,265228,457206,302257,747146,3225-50
75 190,543279,593253,724250,698244,505238,592257,475249,265228,457206,302257,747146,322514950
750 -------91-------
751 ---------173-----
752/9 -------249,174228,457206,129257,747146,3225--
76B 117,799---0----------
65/66B 150,81544,26135,13626,57826,92727,20714,98215,969297,30413,99034,09223,96418,551-271
65 123,81644,26135,13626,57826,92727,20714,98215,96915,80413,99034,09223,96418,55161,862271
650 -------8,21915,80413,99022,71314,252---
652/9 -------7,750--11,3809,71218,551--
66B 26,999-------281,500------
9903 233,089-264,5302,846-21,037-24-98,412-151,24416,480-225,584-128,326-16,06422,3631,433302,1004,184
780 ----22,035----------
67/77 -23,6872,966-23,833-22,080410393-77,042503--13813,4915,554-16,327120,8406
670/3 -------503--13,4916,500568--
77 ---------138-94616,895--
9904 256,776-267,49626,6801,04321,601-77,863-74,20215,977-225,584-128,188-29,55516,80917,761181,2604,179
9905 256,776-267,49626,6801,04321,601-77,863-74,20215,977-225,584-128,188-29,55516,80917,761181,2604,179
Appropriation of the result
9906 -258,979-515,754-248,258-274,938-275,981-297,581-219,718-145,516-161,49364,090192,278221,83373,928185,2304,179
14P -515,754-248,258-274,938-275,981-297,581--------3,970-
791/2 538,500--------------
691/2 638,848-----------8889,063209
6920 ------------8889,063209
6921 638,848--------------
694 -------------120,000-
Social balance sheet
9087 10.656.410.79.49.698.510.4129.485.11.80.3
Men (FTE)1003 -------4.778763.6--
Women (FTE)1003 -------3.83.442.421.5--
Agency workers1501 ----------0.80.80.6--
Hours worked1013 15,9168,70410,69617,86416,56016,68415,68015,35618,29819,11816,01013,58613,200-672
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 04-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 04-05-2026 2026-00100265 PDF
31-12-2024 full format 23-07-2025 2025-00305683 PDF
31-12-2023 full format 29-08-2024 2024-00416397 PDF
31-12-2022 full format 19-07-2023 2023-00256346 PDF
31-12-2021 full format 27-04-2022 2022-20012153 PDF
31-12-2020 full format 30-06-2021 2021-27900329 PDF
31-12-2019 full format 01-07-2020 2020-24100547 PDF
31-12-2018 full format 27-06-2019 2019-24500210 PDF
31-12-2017 full format 22-06-2018 2018-21900241 PDF
31-12-2016 full format 19-07-2017 2017-33400559 PDF
31-12-2015 full format 22-06-2016 2016-22900195 PDF
31-12-2014 full format 27-08-2015 2015-51200249 PDF
31-12-2013 full format 07-05-2014 2014-12000077 PDF
30-06-2012 full format 15-05-2013 2013-12200371 PDF
30-06-2011 full format 23-02-2012 2012-04600284 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
607,609-21,129292,530269,903280,607181,152114,118262,247283,78046,155225,905223,737118,387392,60722,292
788,823211,238534,951516,103519,810413,086433,654495,041214,932238,605436,068340,54077,960210,05422,066
667,167256,975422,919592,787699,206333,126532,021478,482587,847796,016547,922723,104146,94817,936130,130
137,614-1,9015,449-165,392166,008-80,346-25,177-136,506-907,5461.1m-142,409-541,651580,14579,809-
-403,523-735,044-649,784-734,016-670,755-508,102-448,166-472,943-474,601-476,054-89176,632513,602470,928106,419
--------1.4%-1.0%-2.1%-1.5%-0.6%0.3%--
10.7%11.9%29.0%26.7%18.2%13.9%19.5%22.0%23.0%19.6%25.1%18.8%6.4%6.1%11.8%
0.870.320.490.460.610.700.750.780.760.841.001.061.231.211.15
0.730.280.400.370.520.580.620.720.700.780.931.001.141.080.77
8.337.412.452.754.496.184.143.543.354.102.984.3314.5115.357.48
68.8%-155.4%4.7%0.2%4.9%-23.9%-14.4%2.5%-35.1%-17.1%-3.7%2.2%9.3%104.5%3.7%
7.4%-18.5%1.4%0.1%0.9%-3.3%-2.8%0.5%-8.1%-3.4%-0.9%0.4%0.6%6.4%0.4%
4.91-0.488.3310.1610.42--31.9117.963.309.9515.70-6.35-
-------31 days24 days26 days42 days53 days35 days--
-------47 days38 days55 days46 days60 days2 days--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2013

  • Ventes certificats verts €17,201,77194.4%
  • Ventes abonnements de monitoring €565,5513.1%
  • Ventes et installation de matériel de monitoring €456,9962.5%

Total €18,224,317

Source: 2013 accounts, page 16, filing 2014-12000077

By geographic market 2013

  • Belgique €18,224,317100.0%

Source: 2013 accounts, page 16, filing 2014-12000077

All years (2012 to 2013)

By activity

By activity20122013
Ventes certificats verts€7,862,925€17,201,771
Ventes abonnements de monitoring€202,057€565,551
Ventes et installation de matériel de monitoring€781,821€456,996
Total€8,846,803€18,224,317

By geographic market

By geographic market20122013
Belgique€8,846,803€18,224,317

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date21451110
full-time1845109
part-time3--11
in full-time equivalents20.64510.89.8
10.656.410.79.4
On a permanent contract21451110
Joined202122
Left33713

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€203,851€179,138€200,000€297,355€373,097
€693,000€693,000€693,000€528,000€528,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€150,792--€1,785-
Intangible fixed assets€516,374€256,975€422,919€591,002€699,206
€532,047€478,734€508,272€515,060€498,209

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

2 awards · 2026
Fourniture de contenants de comptage et pièces détachées associées: Fourniture de contenants de comptage terrestre et pièces détachées associées
buyer: RTE Réseau de Transport d’ElectricitéConstruction structures and materialsawarded 14-01-20262 tendersTED 129497-2026
Fourniture de contenants de comptage et pièces détachées associées: Fourniture de contenants de comptage offshore et pièces détachées associées
buyer: RTE Réseau de Transport d’ElectricitéConstruction structures and materialsawarded 14-01-20263 tendersTED 129497-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MEMOCO

The operating result for 2025 is a profit of €75,562, after a loss of €499,862 in 2024. It is the highest result since 2012.

Debt's share of the balance-sheet total rises from 88.1% to 89.3%. Equity and debt are higher.

Large changes and their cause
  • 2025 Equity +117%, Total assets +140% on 2024. Part of STEEL received in a demerger, Official Gazette 08-08-2025. Capital increase of €600,000 (Official Gazette 08-12-2025).
  • 2025 Staff (FTE) +112% on 2024. Part of STEEL received in a demerger, Official Gazette 08-08-2025.

Board & ownership

Board

4 directors, 2 in day-to-day management, last change in 2025
Director and managing director, permanent representative Jérôme KERVYN
director current term since 30-06-2023 managing director appointed by deed of 11-08-2023 term until 30-06-2029
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 04-05-2026
Director, permanent representative MALISSE Valérie Louise
since 24-07-2025 term until 30-06-2029
listed in the 2025 annual accounts, filed on 04-05-2026
Director, permanent representative VILAIN Sara Ghislaine Marguerite
since 24-07-2025 term until 30-06-2029
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 04-05-2026
Director and managing director, permanent representative DERECQUE Laurence Anne Michèle
director since 24-07-2025 managing director appointed by deed of 08-08-2025 term until 30-06-2029
listed in the 2025 annual accounts, filed on 04-05-2026
JKMANAGEMENT, LD Management Company
Permanent representatives 4
Jérôme KERVYN
Permanent representative, for JKMANAGEMENT
appointed by deed of 24-06-2020
DERECQUE Laurence Anne Michèle
Permanent representative, for LD Management Company
appointed by deed of 08-08-2025
MALISSE Valérie Louise
Permanent representative, for BOITE A MALISSE
appointed by deed of 08-08-2025
VILAIN Sara Ghislaine Marguerite
Permanent representative, for Finneo
appointed by deed of 08-08-2025

Office holders in the KBO →

Mandates through the years

10 names, the dashed line is today
JKMANAGEMENT
Director, Managing director
Finneo
Director
LD Management Company
Director, Managing director
GROWER
Director
VAL U INVEST
Director
FINOA
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • JKMANAGEMENT
    • Director, from 10-06-2020 to date
    • Managing director, appointed by deed of 11-08-2023, still in office
  • BOITE A MALISSE
    • Director, from 24-07-2025 to date
  • Finneo
    • Director, from 24-07-2025 to date
  • LD Management Company
    • Director, from 24-07-2025 to date
    • Managing director, appointed by deed of 08-08-2025, still in office
  • GROWER
    • Director, from 10-06-2020 to 08-08-2025
  • VAL U INVEST
    • Director, from 10-06-2020 to 26-04-2022
  • SIGNAL TO NOISE
    • Director, from 10-06-2020 to 01-10-2021
  • SUNSWITCH GROUP
    • Director, until 24-06-2020
  • FINOA
    • Director, until 11-11-2019
  • POTENTIA MANAGEMENT
    • Director, until 11-11-2019

See the board, name and registered office on a given date →

Control

Parent
Equity €852,814
Profit €267,310 in 2025 (profit €25,608 in 2024)
Checked score 94
100%
This company
MEMOCO
Equity €373,109
Profit €256,776 in 2025

and 1 other shareholder

Capital

Capital
€200,000
Shares
57,200 in the deed of 08-08-2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
100% until 2024
99.97% until 2019
33.33% until 2012
33% until 2012
Owners as a list

Source: shareholder structure in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 24-06-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of June at 10:00

Shareholders

2 owners

Owners 2

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 08-08-2025 ↗
  • STEEL (BE 0422.837.747) all shares · 100%
Stated in the deed deed of 16-06-2025 ↗
  • STEEL SA (BE 0422.837.747) all shares · 100%
Capital over time
  1. 08-12-2025 Capital increase of €600,000 · to €738,500 · 48,000 new shares · in cash
  2. 08-12-2025 Capital reduction of €538,500 · to €200,000 · to absorb losses
  3. 08-08-2025 Capital increase of €138,500 · to €246,500 · 46,400 new shares, 81.1% of the 57,200 shares after the increase
  4. 24-06-2020 Capital stated in the deed · €108,000 · 10,800 shares

Network & group

Group

JKMANAGEMENT has 2 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentJKMANAGEMENT2 holdings, 1 country 2025 accounts

Belgium 2 Equity Result

  • BE MEMOCO SA €373,109 result €256,776
  • BE RODEUHAIE6 SA59.2% €500,157 result -€146,412

Source: list of holdings in the 2025 accounts of JKMANAGEMENT. Every holding stands with its own latest accounts.

At the same address

rue de Rodeuhaie 6, 1348 Ottignies-Louvain-la-Neuve · 2 other companies
rodeuhaie6
registered office since 20-07-1982 · founded in 1982
total assets €1.9m (2025)
0422.837.747
REMOCO
registered office since 01-04-2026
founded in 2026
1036.348.295

Earlier ties

ClaRetail
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 2007 · negative equity (2025) · group IMMOBILIERE JAKSA NOUVELLE
total assets €15.6m (2025)
KEYSER CENTER
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 17-11-2025
founded in 2002 · group TEYCHENE INVEST BELGIQUE · accounts filed late
total assets €3.1m (2024)
TEYC BELGIUM
via VAL U INVEST, at MEMOCO until 2022 · Director (not named in the articles) · deed of 26-01-2026
founded in 2014 · negative equity (2023) · group TEYCHENE INVEST BELGIQUE · accounts filed late
turnover €2.0m (2023)
TEYCSENNEBERG
via VAL U INVEST, at MEMOCO until 2022 · Director (not named in the articles) · deed of 03-10-2025
founded in 2013 · group TEYCHENE INVEST BELGIQUE · accounts filed late
total assets €1.5m (2024)
BELGOTEYC
via VAL U INVEST, at MEMOCO until 2022 · Director (not named in the articles) · deed of 22-01-2026
founded in 2015 · group TEYCHENE INVEST BELGIQUE · accounts filed late
total assets €1.2m (2024)
IMMOBILIERE JAKSA NOUVELLE
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 1989
6.2 FTE (2025)
Show 14 more earlier ties
URBAN LIVING BELGIUM
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 18-07-2018
founded in 2010
total assets €60.3m (2025)
ASTERIA
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 12-11-2021
founded in 2001
38 FTE (2025)
Securex Immo
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 24-03-2022
founded in 2008
3.9 FTE (2025)
RLE INVEST
via GROWER, at MEMOCO until 2025 · Director · deed of 27-08-2026
founded in 2016 · group MATHIMMO
7.5 FTE (2025)
ARTONE
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 25-01-2024
founded in 2014
4.4 FTE (2025)
NIVELLES OFFICE PARC 1
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 2014 · group IMMOBILIERE JAKSA NOUVELLE
total assets €2.7m (2025)
Alix
via GROWER, at MEMOCO until 2025 · Director · deed of 21-01-2022
founded in 2019
total assets €2.5m (2025)
MOZART INVEST
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 25-09-2025
founded in 2007 · group IMMOBILIERE JAKSA NOUVELLE
total assets €2.2m (2025)
Attentia Aviation Medical
via Finneo, no longer at Attentia Aviation Medical · Manager · deed of 12-11-2012
founded in 2007
6.4 FTE (2025)
LOGILEDER
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 2003 · group IMMOBILIERE JAKSA NOUVELLE
total assets €878,120 (2025)
AUVITRADE BELGIUM
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 2001 · group IMMOBILIERE JAKSA NOUVELLE
total assets €646,660 (2025)
TEYC RETAIL
via VAL U INVEST, at MEMOCO until 2022 · Director (not named in the articles) · deed of 03-10-2025
founded in 2013 · group TEYCHENE INVEST BELGIQUE
total assets €243,775 (2025)
IMOZIN
via VAL U INVEST, at MEMOCO until 2022 · Director · deed of 05-03-2025
founded in 2011 · group IMMOBILIERE JAKSA NOUVELLE
total assets €201,885 (2025)
PROMETHEUS CAPITAL
via VAL U INVEST, at MEMOCO until 2022 · Director (not named in the articles) · deed of 30-12-2024
founded in 2019

Holdings through the years

2016 to 2020
Holdings through the years
Name20162017201820192020
GREENDIS 99.99%50%

Source: list of holdings in its own accounts

Acquisitions and mergers

1 transaction
Received in a demerger part of:STEEL
BE 0422.837.747partial demerger · Gazette deed of 08-08-2025 (3 deeds)

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ALPHA INNOVATIONS
via Finneo · Director · deed of 14-11-2023
Founded in 2017 · 38 FTE (2025) · group C.P.D.H.
→
ALPHA INNOVATIONS BUSINESS CENTER
via Finneo · Director · deed of 14-11-2019
Founded in 2019 · total assets €2.7m (2025)
→
SUNSWITCH GROUP
via JKMANAGEMENT · Director (not named in the articles) · deed of 24-06-2020
No longer active · total assets €16,455 (2024)
→

Timeline

Timeline

32 events since 2009

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFfull format · 88 days before the deadline
2025
Back to profit net €256,776 The net result is €256,776, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0820144205
Capital increase · Amendment of the articlesCapital from €138,500 to €738,500, 48,000 new shares · Capital from €738,500 to €200,000 · General meeting of 03-12-20254 points ▸
  • General meeting, 03-12-2025
  • Capital increase, €600,000
  • Capital decrease, €538,500
  • Amendment of the articles, article 5
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Share cancellationCancellation of 10,800 shares · General meeting of 03-12-20255 points ▸
  • General meeting, 03-12-2025
  • Share cancellation, 10,800, 108,000
  • Capital, €138,500, 46,400 shares
  • Power of attorney, Michel de FRÉSART
  • Amendment of the articles, article 5
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Demerger: STEEL splits off to GREENWATCHCompany renamed from GREENWATCH to MEMOCO · Capital increase of €138,500 to €246,500 · Capital from €108,000 to €246,500, 46,400 new shares · General meeting of 24-07-202519 points ▸
  • General meeting, 24-07-2025
  • Director resignation, GROWER
  • Director appointment, LD Management Company
  • Permanent representative, DERECQUE Laurence Anne Michèle
  • Director appointment, BOITE A MALISSE
  • Permanent representative, MALISSE Valérie Louise
  • Director appointment, Finneo
  • Permanent representative, VILAIN Sara Ghislaine Marguerite
  • Board meeting, 24-07-2025
  • Director appointment, LD Management Company (managing director)
  • STEEL holds all the shares
  • Auditor appointment, BeAudit (company auditor)
  • Capital increase, €138,500
  • Purpose change, “Prêter son concours et s'intéresser par voie d'association,d'apport,de fusion,d'intervention financière ou de toute autre manière à des associations,entreprises…” (deed in French)
  • Name change, MEMOCO
  • Capital, €246,500, 57,200 shares
  • Power of attorney, Michel de FRÉSART
  • Accounting effect, 2025-01
  • Amendment of the articles, article 1
  • The deed holds 16 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 8 days before the deadline
Demerger proposal: STEEL SA splits off to GREENWATCH SA“La société a pour objet la vente,l'achat,la location,la fabrication et l'installation de matériels…” (deed in French) · Name change: MEMOCO · STEEL SA holds all the shares3 points ▸
  • Name change, MEMOCO
  • STEEL SA holds all the shares
  • Accounting effect, 01-01-2025
  • The deed holds 15 more points.

Open the deed in the Belgian Official Gazette

2024
Weakest financial year net -€267,496 The net result drops to -€267,496, the lowest from 2011 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFfull format · 29 days late
2023
1 director appointed, 2 reappointmentsReappointments: GROWER and JKMANAGEMENT · Appointment: JKMANAGEMENT (managing director) · General meeting of 30-06-20234 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 12 days before the deadline
2022
Resignation: VAL U INVEST (director)General meeting of 26-04-20222 points ▸
  • General meeting, 26-04-2022
  • Director resignation, VAL U INVEST

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFfull format · 95 days before the deadline
2021
Back to profit net €21,601 The net result is €21,601, after 2 loss-making years.
Resignation: SRL SIGNAL TO NOISE (director)General meeting of 06-09-20212 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFfull format · 31 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 30 days before the deadline
Registered office moved to Ottignies-Louvain-la-NeuveNew registered office: Rue de Rodeuhaie 6, 1348 Ottignies-Louvain-la-Neuve · Resignations: SunSwitch Group, POTENTIA MANAGEMENT and FINOA & ASSOCIES · Appointments: JKMANAGEMENT, VAL U INVEST, GROWER and Signal To Noise · General meeting of 10-06-202014 points ▸
  • General meeting, 10-06-2020
  • Capital, €108,000, 10,800 shares
  • Director resignation, SunSwitch Group
  • Director resignation, POTENTIA MANAGEMENT
  • Director resignation, FINOA & ASSOCIES
  • Director appointment, JKMANAGEMENT
  • Permanent representative, Jérôme KERVYN de MEERENDRÉ
  • Director appointment, VAL U INVEST
  • Permanent representative, AUTIN Valéry David
  • Director appointment, GROWER
  • Permanent representative, DELLISSE Menno Alexander William
  • Director appointment, Signal To Noise
  • Permanent representative, de VALENSART SCHOENMAECKERS Gauthier Jean Etienne Marie Ghislain
  • Registered-office move, Rue de Rodeuhaie 6, 1348 Ottignies-Louvain-la-Neuve
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 34 days before the deadline
2018
Back to profit net €15,977 The net result is €15,977, after 3 loss-making years.
Annual accounts 2017 filed PDFfull format · 39 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 12 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 39 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 27 days late
2014
Equity above €500,000 equity €773,294 ▲304% With a profit in every financial year since 2011, equity grows to €773,294.
Annual accounts 2013 filed PDFfull format · 85 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 104 days late
2012
Equity above €150,000 equity €173,439 ▲54.6% With a profit in every financial year since 2011, equity grows to €173,439.
Annual accounts 2011 filed PDFfull format · 23 days late
2009
Incorporation PDFpublished on 10-11-2009
First establishment Rue de Rodeuhaie 6, Ottignies-Louvain-la-Neuve

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 October 2009, MEMOCO was incorporated.1 In 2020 the registered office moved to Ottignies-Louvain-la-Neuve.2 The capital was increased 2 times in 2025, most recently to €738,500.34

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-06-2020
  3. 3Belgian Official Gazette, 08-08-2025
  4. 4Belgian Official Gazette, 08-12-2025

Company details

Identity

Enterprise number
0820.144.205
VAT number
BE 0820.144.205
Peppol ID
0208:0820144205
Legal form
Public limited company
Status
Active, normal situation
Founded
20-10-2009
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of June at 10:00
deed of 24-06-2020 (in French)
Peppol
Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MEMOCO in French
Trade name
Metering & Monitoring & Control en abrégé "MeMoCo" in French
Former name
GREENWATCH until the deed of 08-08-2025
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-06-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 24-06-2020 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
62100 Computer programming main activity
Codes under NACEBEL 2008
VAT activities
74909 Other professional, scientific and technical activities main activity
46140 Wholesale trade
46190 Wholesale trade
63110 Computing infrastructure, data processing, hosting and other information service activities
71121 Engineering activities
Social security (RSZ) activities
62010 Computer programming, consultancy and related activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“1) toutes opérations facilitant l'accès à l'utilisation et conversions d'énergies sous toutes leurs formes en apportant entre autre une aide…”
2 activities
  1. 1) toutes opérations facilitant l'accès à l'utilisation et conversions d'énergies sous toutes leurs formes en apportant entre autre une aide technique,administrative ou financière ou de conseil aux producteurs d'énergies notamment renouvelables mais également en soutenant ou développant la recherche,la modélisation,l'expérimentation tel que notamment la construction de compétences dans le monitoring énergétique,les traitements statistiques,les systèmes de comptages énergétiques,l'exploitation de données,les systèmes et traitements informatiques,la météorologie et la climatologie ainsi que toutes opérations d'achat,de vente et de facturation liées aux énergies et la gestion de toutes infrastructures et équipements associés.
  2. 2) Toutes opérations financières et mobilières.Elle peut notamment:procéder à toutes opérations financières,portant sur tous instruments financiers et produits dérivés de toute nature,créances,parts d'associés et participations dans toutes entreprises financières,immobilières,industrielles et commerciales,tous actes de gestion,de portefeuille ou de capitaux,tous engagements à titre de caution,aval ou garanties généralement quelconques;l'acquisition,la gestion et l'exploitation de tous droits intellectuels,brevets et licences;
deed of 16-06-2025 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de Rodeuhaie 6 registered office 1348 Ottignies-Louvain-la-Neuve 4321102 General electrical installation work 20-10-2009 2.182.963.323

Buildings and parcels at the address

Ground area
3,005 m²
Buildings
917 m²
Volume, LiDAR
7,575 m³
Tallest building
9.8 m
Buildings to scale, each on its own parcel
917 m², 9.8 m 917 m², 9.8 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25386B0112/00K0083,004 m² 1 · 917 m² 9.8 m · 3

Contact

E-mail jerome.kervyn@memoco.eu establishment in Ottignies-Louvain-la-Neuve
Phone +32 496 26 86 06 establishment in Ottignies-Louvain-la-Neuve