Menuiserie Pascal MEERTENS
ActiveMenuiserie Pascal MEERTENS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €702k and a net result of €50k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-3
Solvency71▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.35 in 2024; short-term debt: 40.4% and cash: 2.3% of total assets), and 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
46.3%
Return on assets
3.3%
Age of the figures
9 mo
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 19-07-2026, 12 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
12 d early
2024
45 d early
2023
8 d early
2022
38 d early
2021
75 d early
2020
5 d late
2019
21 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
2019 · €0
2019: €0
2019 → 2024
EBIT margin
Not included in this filing
Net result
€50k▼ 46.9%
2024 · €94k
2018: €5k
2019: €18k
2020: €24k
2021: €79k
2022: €65k
2023: €117k
2024: €94k
2018 → 2025
Working capital
€289k▲ 18.5%
2024 · €244k
2018: €-49k
2019: €-41k
2020: €-16k
2021: €32k
2022: €103k
2023: €223k
2024: €244k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€400k-€457k▲ 14.2%€568k▲ 24.4%€657k▲ 15.6%€702k▲ 6.8%
Operating result€102k-€93k▼ 9.5%€148k▲ 59.9%€131k▼ 11.4%€73k▼ 44.4%
Net result€79k-€65k▼ 18.2%€117k▲ 80.8%€94k▼ 19.5%€50k▼ 46.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€616k▼ 6.2%
Current assets
€902k▼ 3.7%
Equity and liabilities €1.52M
Equity
€702k▲ 6.8%
Debt
€815k▼ 12.8%
The debt ratio falls from 58.7% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147k▼
2024 · €219k
Cash flow
€125k▼
2024 · €182k
Solvency
46.3%▲
2024 · 41.3%
Current ratio
1.47▲
2024 · 1.35
Quick ratio
1.22▲
2024 · 0.92
Debt / equity
1.16▼
2024 · 1.42
ROE
7.1%▼
2024 · 14.4%
ROA
3.3%▼
2024 · 5.9%
Interest coverage
9.26▼
2024 · 11.73
Debt
€815k▼
2024 · €935k
Debt ≤ 1 year
€613k▼
2024 · €692k
Debt > 1 year
€196k▼
2024 · €243k
Income taxes
€14k▼
2024 · €25k
Staff costs
€644k▼
2024 · €674k
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€1.59M€1.52M▼
Fixed assets21/28€656k€616k▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€650k€604k▼
Land and buildings22€510k€489k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€11k€10k▼
Leasing and similar rights25€46k€7k▼
Assets under construction and advance payments27€75k€91k▲
Financial fixed assets28€6k€7k▲
Current assets29/58€936k€902k▼
Stocks and contracts in progress3€297k€152k▼
Stocks30/36€297k€152k▼
Amounts receivable within one year40/41€399k€691k▲
Trade receivables40€338k€630k▲
Other amounts receivable41€61k€62k▲
Cash at bank and in hand54/58€224k€34k▼
Deferred charges and accrued income490/1€16k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.52M▼
Equity10/15€657k€702k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€200k€200k=
Reserves13€402k€452k▲
Distributable reserves133€402k€452k▲
Profit (loss) carried forward14€763€893▲
Investment grants15€36k€30k▼
Amounts payable17/49€935k€815k▼
Amounts payable after more than one year17€243k€196k▼
Financial debts170/4€243k€196k▼
Amounts payable within one year42/48€692k€613k▼
Current portion of amounts payable after more than one year42€76k€47k▼
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€378k€372k▼
Suppliers440/4€378k€372k▼
Taxes, remuneration and social security45€114k€68k▼
Taxes450/3€38k€23k▼
Remuneration and social security454/9€75k€45k▼
Other amounts payable47/48€0€0=
Accrued charges and deferred income492/3€569€7k▲
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€674k€644k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€74k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€903k€802k▼
Operating profit (loss)9901€131k€73k▼
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€19k€16k▼
Recurring financial charges65€19k€16k▼
Profit (loss) for the period before taxes9903€119k€65k▼
Income taxes67/77€25k€14k▼
Profit (loss) for the period9904€94k€50k▼
Profit (loss) for the period to be appropriated9905€94k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€51k▼
Profit (loss) brought forward from the previous period14P€277€763▲
Transfer to equity691/2€94k€50k▼
To other reserves6921€94k€50k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)908713.111.2▼
The notes to these accounts (27 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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €117k ▲80.8%
Operating result €148k, net result €117k, both a record.
31-12
Financial
Equity above €500kEq €568k ▲24.4%
6 profitable years in a row build equity to €568k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €315k ▲295%
2 profitable years in a row build equity to €315k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Dison · 1 establishment unit since 2017
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.
Rue Zénobe Gramme 274821 DisonGround area
4,662 m²
Building footprint
1,783 m²
Volume, LiDAR
11,365 m³
Parcel 63002A0094/00G000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MENUISERIE PASCAL MEERTENS
since 20172.267.173.872
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002A0094/00G000 | Wallonia | 4,662 m² | 1 · 1,783 m² | 7.8 m · 2 fl. |
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.
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ATELIER DT
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 5,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2017
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.