mepp

Active

Private limited companyfounded 200719 yrs activeWinkel 47, 2300 Turnhout, BelgiumKBO/BCE: BE 0887.037.383

mepp has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €2k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Watch Print / PDF

Checked score

Score 2025

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▼-7

Solvency98▼-2

Growth52=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 2.88 against 4.31 in 2024; short-term debt: 15.4% and cash: 10.7% of total assets), and 27% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

73%

Return on assets

0.7%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

33 d early

2023

61 d late

2022

31 d late

2021

30 d late

2020

52 d early

2019

59 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€200k▲ 1.0%

2024 · €198k

2018: €35k 2019: €40k 2020: €62k 2021: €167k 2022: €179k 2023: €184k 2024: €198k

2018 → 2025

Total assets

€275k▲ 21.9%

2024 · €225k

2018: €113k 2019: €78k 2020: €164k 2021: €251k 2022: €228k 2023: €232k 2024: €225k

2018 → 2025

Net result

€2k▼ 85.7%

2024 · €14k

2018: €15k 2019: €4k 2020: €22k 2021: €31k 2022: €12k 2023: €5k 2024: €14k

2018 → 2025

Working capital

€80k▲ 9.6%

2024 · €73k

2018: €28k 2019: €38k 2020: €56k 2021: €64k 2022: €75k 2023: €73k 2024: €73k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€167k-€179k▲ 7.1%€184k▲ 2.8%€198k▲ 7.7%€200k▲ 1.0%

Operating result€43k-€17k▼ 59.4%€8k▼ 55.6%€20k▲ 161%€3k▼ 83.2%

Net result€31k-€12k▼ 62.3%€5k▼ 57.9%€14k▲ 185%€2k▼ 85.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €275k

55.7%

44.3%

Fixed assets €153k▲ 16.9%

Current assets €122k▲ 28.8%

Equity and liabilities €275k

73.0%

27.0%

Equity €200k▲ 1.0%

Debt €74k▲ 176%

The debt ratio rises from 11.9% to 27.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▼

2024 · €36k

Cash flow

€18k▼

2024 · €30k

Solvency

73.0%▼

2024 · 88.1%

Current ratio

2.88▼

2024 · 4.31

Quick ratio

1.31▼

2024 · 4.31

Debt / equity

0.37▲

2024 · 0.14

ROE

1.0%▼

2024 · 7.1%

ROA

0.7%▼

2024 · 6.3%

Interest coverage

29.71▼

2024 · 56.59

Debt

€74k▲

2024 · €27k

Debt ≤ 1 year

€42k▲

2024 · €22k

Debt > 1 year

€32k▲

2024 · €5k

Income taxes

€889▼

2024 · €5k

Staff costs

€3k▼

2024 · €5k

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€225k€275k▲

Fixed assets21/28€131k€153k▲

Tangible fixed assets22/27€131k€153k▲

Land and buildings22€90k€92k▲

Plant, machinery and equipment23€30k€23k▼

Furniture and vehicles24€10k€38k▲

Current assets29/58€95k€122k▲

Stocks and contracts in progress3€0€66k▲

Stocks30/36-€19k

Contracts in progress37€0€47k▲

Amounts receivable within one year40/41€7k€23k▲

Trade receivables40€131€14k▲

Other amounts receivable41€7k€9k▲

Cash at bank and in hand54/58€84k€29k▼

Deferred charges and accrued income490/1€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€225k€275k▲

Equity10/15€198k€200k▲

Contributions10/11€100k€100k=

Reserves13€98k€100k▲

Distributable reserves133€98k€100k▲

Amounts payable17/49€27k€74k▲

Amounts payable after more than one year17€5k€32k▲

Financial debts170/4€5k€32k▲

Amounts payable within one year42/48€22k€42k▲

Current portion of amounts payable after more than one year42€10k€7k▼

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€5k€27k▲

Suppliers440/4€5k€27k▲

Taxes, remuneration and social security45€2k€2k▼

Taxes450/3€372€0▼

Remuneration and social security454/9€2k€2k=

Other amounts payable47/48€5k€6k▲

Income statement Code20242025

Remuneration, social security and pensions62€5k€3k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼

Other operating charges640/8€2k€2k▼

Gross operating margin9900€43k€24k▼

Operating profit (loss)9901€20k€3k▼

Financial income75/76B€44€164▲

Recurring financial income75€44€164▲

Financial charges65/66B€632€638▲

Recurring financial charges65€632€638▲

Profit (loss) for the period before taxes9903€20k€3k▼

Income taxes67/77€5k€889▼

Profit (loss) for the period9904€14k€2k▼

Profit (loss) for the period to be appropriated9905€14k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€2k▼

Transfer to equity691/2€14k€2k▼

To other reserves6921€14k€2k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €2k ▼85.7%

Net result drops to €2k, the lowest in the series.

31-12

Financial Equity above €200kEq €200k ▲1%

8 profitable years in a row build equity to €200k.

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-12

Financial Highest result since 2018net €31k ▲39.5%

Operating result €43k, net result €31k, both a record.

31-12

Financial Equity above €150kEq €167k ▲170%

4 profitable years in a row build equity to €167k.

09-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

13-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

04-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

07-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Turnhout · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Winkel 472300 Turnhout

Ground area

1,164 m²

Building footprint

116 m²

Volume, LiDAR

834 m³

Parcel 13452L0469/00L000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

mepp

Winkel 47, 2300 TurnhoutNACE 45111

since 20072.161.060.327

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13452L0469/00L000	Flanders	1,164 m²	1 · 116 m²	9.6 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,416 EUR awarded · 1,416 EUR paid

Year	Entries	awarded	paid
2025	1	1,416 EUR	1,416 EUR

Schemes

Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller

1 entry · 1,416 EUR · 1,416 EUR paid · Vlaams Energie- en Klimaatagentschap

Recognitions · licences · registrations

Recognised contractor

13 categories

mepp BV30117

category C3, class 1 · category D, class 1 · category D1, class 1 · category D18, class 1 · category D20, class 1 · category D21, class 1 · category D23, class 1 · category D24, class 1 · category D29, class 1 · category D4, class 1 · category G, class 1 · category G3, class 1 · category G5, class 1

decision 13-05-2024