MEREDITH & CO
ActiveSummary
The computed 12-month bankruptcy probability of MEREDITH & CO is 2.1% (moderate). The 2024 annual accounts show negative equity (€-233k) and a net result of €-17k. Equity is shrinking by ~13.7% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+56
Solvency0=
Growth49▲+16
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 0.5 in 2023; short-term debt: 5.1% and cash: 2.9% of total assets), and equity is negative.
Credit check 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 · 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 2024Solvency, return and age of the figures
Solvency
-79.7%
Return on assets
-5.9%
Age of the figures
21 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-233k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
69 d early
2022
31 d early
2021
11 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€10k=
2022 · €10k
2018: €10klowest in 6 years
2019: €10k● 0.0% vs 2018lowest in 6 years
2020: €10k● 0.0% vs 2019lowest in 6 years
2021: €11k▲ +8.3% vs 2020highest in 6 years
2022: €10k▼ -7.7% vs 2021lowest in 6 years
2023: €10k● 0.0% vs 2022lowest in 6 years
2018 → 2023
EBIT margin
-257.2%▼ 15.9pp
2022 · -241.3%
2018: -193.6%
2019: -184.9%▲ +4.5% vs 2018highest in 6 years
2020: -194.3%▼ -5.1% vs 2019
2021: -209.6%▼ -7.9% vs 2020
2022: -241.3%▼ -15.1% vs 2021
2023: -257.2%▼ -6.6% vs 2022lowest in 6 years
2018 → 2023
Net result
€-17k▲ 34.6%
2023 · €-26k
2018: €-20k
2019: €-19k▲ +4.4% vs 2018
2020: €-20k▼ -5.1% vs 2019
2021: €-23k▼ -17.3% vs 2020
2022: €-25k▼ -6.2% vs 2021
2023: €-26k▼ -6.1% vs 2022lowest in 7 years
2024: €-17k▲ +34.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€-6k▲ 4.4%
2023 · €-6k
2018: €10k
2019: €16k▲ +51.7% vs 2018highest in 7 years
2020: €196▼ -98.8% vs 2019
2021: €-7k▼ -3525% vs 2020lowest in 7 years
2022: €-3k▲ +57.7% vs 2021
2023: €-6k▼ -109% vs 2022
2024: €-6k▲ +4.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€10k-€11k▲ 8.3%€10k▼ 7.7%€10k=
2020: €10klowest in 4 years
2021: €11k▲ +8.3% vs 2020highest in 4 years
2022: €10k▼ -7.7% vs 2021lowest in 4 years
2023: €10k● 0.0% vs 2022lowest in 4 years
Equity€-142k-€-165k▼ 16.4%€-190k▼ 15.0%€-216k▼ 13.8%€-233k▼ 7.9%
2020: €-142khighest in 5 years
2021: €-165k▼ -16.4% vs 2020
2022: €-190k▼ -15.0% vs 2021
2023: €-216k▼ -13.8% vs 2022
2024: €-233k▼ -7.9% vs 2023lowest in 5 years
Operating result€-20k-€-23k▼ 16.8%€-25k▼ 6.3%€-26k▼ 6.6%€-17k▲ 34.8%
2020: €-20k
2021: €-23k▼ -16.8% vs 2020
2022: €-25k▼ -6.3% vs 2021
2023: €-26k▼ -6.6% vs 2022lowest in 5 years
2024: €-17k▲ +34.8% vs 2023highest in 5 years
Net result€-20k-€-23k▼ 17.3%€-25k▼ 6.2%€-26k▼ 6.1%€-17k▲ 34.6%
2020: €-20k
2021: €-23k▼ -17.3% vs 2020
2022: €-25k▼ -6.2% vs 2021
2023: €-26k▼ -6.1% vs 2022lowest in 5 years
2024: €-17k▲ +34.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €26k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €293k
Fixed assets
€284k ▼ 5.4%
Current assets
€9k ▲ 55.3%
Key figures and ratios
EBITDA
€4k▲
2023 · €-4k
Cash flow
€4k▲
2023 · €-4k
Solvency
-79.7%▼
2023 · -70.7%
Current ratio
0.62▲
2023 · 0.50
Debt to equity
-2.26▲
2023 · -2.41
ROA
-5.9%▲
2023 · -8.6%
Interest coverage
40.96▲
2023 · -61.63
Debt
€527k▲
2023 · €522k
Debt ≤ 1 year
€15k▲
2023 · €12k
Debt > 1 year
€512k▲
2023 · €510k
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 · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€306k€293k▼
Formation expenses20€0€0=
Fixed assets21/28€300k€284k▼
Tangible fixed assets22/27€300k€284k▼
Land and buildings22€300k€284k▼
Current assets29/58€6k€9k▲
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1-€868
Equity and liabilities
Total equity and liabilities10/49€306k€293k▼
Equity10/15€-216k€-233k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-236k€-253k▼
Amounts payable17/49€522k€527k▲
Amounts payable after more than one year17€510k€512k▲
Financial debts170/4€510k€512k▲
Amounts payable within one year42/48€12k€15k▲
Trade debts44€753€3k▲
Suppliers440/4€753€3k▲
Other amounts payable47/48€11k€12k▲
Income statement
Code20232024
Turnover70€10k-
Goods, raw materials, services and sundry goods60/61€13k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-3k€5k▲
Operating profit (loss)9901€-26k€-17k▲
Financial charges65/66B€67€90▲
Recurring financial charges65€67€90▲
Profit (loss) for the period before taxes9903€-26k€-17k▲
Profit (loss) for the period9904€-26k€-17k▲
Profit (loss) for the period to be appropriated9905€-26k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-236k€-253k▼
Profit (loss) brought forward from the previous period14P€-210k€-236k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €10k | €11k | €10k | €10k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €7k | €6k | €13k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €26k | €27k | €22k | €21k | ▼ 5.9% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €2k | ▲ 3.2% |
| Gross operating margin9900 | €6k | €5k | €4k | €-3k | €5k | ▲ 311% |
| Operating profit (loss)9901 | €-20k | €-23k | €-25k | €-26k | €-17k | ▲ 34.8% |
| Financial charges65/66B | - | €170 | €177 | €67 | €90 | ▲ 34.2% |
| Recurring financial charges65 | €60 | €170 | €177 | €67 | €90 | ▲ 34.2% |
| Profit (loss) for the period before taxes9903 | €-20k | €-23k | €-25k | €-26k | €-17k | ▲ 34.6% |
| Profit (loss) for the period9904 | €-20k | €-23k | €-25k | €-26k | €-17k | ▲ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-23k | €-25k | €-26k | €-17k | ▲ 34.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375k | €353k | €331k | €306k | €293k | ▼ 4.2% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €367k | €349k | €322k | €300k | €284k | ▼ 5.4% |
| Tangible fixed assets22/27 | €367k | €349k | €322k | €300k | €284k | ▼ 5.4% |
| Land and buildings22 | - | €349k | €322k | €300k | €284k | ▼ 5.4% |
| Current assets29/58 | €8k | €3k | €9k | €6k | €9k | ▲ 55.3% |
| Cash at bank and in hand54/58 | €8k | €3k | €9k | €6k | €8k | ▲ 40.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €868 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375k | €353k | €331k | €306k | €293k | ▼ 4.2% |
| Equity10/15 | €-142k | €-165k | €-190k | €-216k | €-233k | ▼ 7.9% |
| Contributions10/11 | €0 | €20k | €20k | €20k | €20k | = |
| Outside capital11 | - | €20k | - | - | - | - |
| Other1109/19 | - | €20k | - | - | - | - |
| Profit (loss) carried forward14 | €-162k | €-185k | €-210k | €-236k | €-253k | ▼ 7.3% |
| Amounts payable17/49 | €516k | €518k | €521k | €522k | €527k | ▲ 0.8% |
| Amounts payable after more than one year17 | €509k | €508k | €509k | €510k | €512k | ▲ 0.3% |
| Financial debts170/4 | - | €508k | €509k | €510k | €512k | ▲ 0.3% |
| Amounts payable within one year42/48 | €8k | €10k | €12k | €12k | €15k | ▲ 25.6% |
| Trade debts44 | €0 | €310 | €1k | €753 | €3k | ▲ 330% |
| Suppliers440/4 | - | €310 | €1k | €753 | €3k | ▲ 330% |
| Other amounts payable47/48 | - | €10k | €10k | €11k | €12k | ▲ 5.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-23k | €-25k | €-26k | €-17k | ▲ 34.6% |
| + Depreciation and write-downs630 | €24k | €26k | €27k | €22k | €21k | ▼ 5.9% |
| Operating cash flow (approximation) | €4k | €3k | €3k | €-4k | €4k | ▲ 186% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €0 | €-5k | - |
| Change in cash | - | €-5k | €5k | €-3k | €2k | ▲ 187% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Beauraing · 1 establishment unit since 2010
Ground area
4,832 m²
Building footprint
3,629 m²
Volume, LiDAR
18,500 m³
Parcel 91013B0004/00Y002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mérédith and Co
since 20102.191.557.721
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91013B0004/00Y002 | Wallonia | 4,832 m² | 1 · 3,629 m² | 8.7 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-05-2010
Fiscal year end31-12
Contact
E-mail
info@beauraingtropical.be
Phone
082/714175Beauraing
Scores and ratios are computed by Checked and are not a credit decision.