Summary
MESATR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €11,206 and a net result of -€405. Equity is shrinking by ~5.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
What stands out
Overview
Signals- No NACE activity registered- Annual accounts: weaker financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
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Signals
This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2026 · abbreviated…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2026Total assets €11,206Loss -€405Solvency 100.0%
Financials · fiscal year 2026, abbreviated schema
Trend over the years
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Result per fiscal year
Key figures and ratios
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €270 | €193 | €76 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | -€589 | -€544 | €0 | -€290 | -€285 | ▲ 1.6% |
| Operating profit (loss)9901 | -€859 | -€738 | -€76 | -€408 | -€405 | ▲ 0.7% |
| Financial charges65/66B | €88 | €13 | - | €1,006 | - | - |
| Recurring financial charges65 | €88 | €13 | - | €1,006 | - | - |
| Profit (loss) for the period before taxes9903 | -€947 | -€751 | -€76 | -€1,414 | -€405 | ▲ 71.4% |
| Profit (loss) for the period9904 | -€947 | -€751 | -€76 | -€1,414 | -€405 | ▲ 71.4% |
| Profit (loss) for the period to be appropriated9905 | -€947 | -€751 | -€76 | -€1,414 | -€405 | ▲ 71.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,648 | €13,449 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Current assets29/58 | €14,648 | €13,449 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €14,125 | €13,449 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Other amounts receivable41 | €14,125 | €13,449 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Cash at bank and in hand54/58 | €523 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,648 | €13,449 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Equity10/15 | €13,853 | €13,102 | €13,025 | €11,611 | €11,206 | ▼ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€6,607 | -€7,358 | -€7,435 | -€8,849 | -€9,254 | ▼ 4.6% |
| Amounts payable17/49 | €795 | €348 | - | - | - | - |
| Amounts payable within one year42/48 | €693 | - | - | - | - | - |
| Other amounts payable47/48 | €693 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €102 | €348 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€947 | -€751 | -€76 | -€1,414 | -€405 | ▲ 71.4% |
| Operating cash flow (approximation) | -€947 | -€751 | -€76 | -€1,414 | -€405 | ▲ 71.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
Parent TNR HOLDING · 98%
Directors
Structure & network
Owners and holdings
1 ownerChain of control
- TNR HOLDING
- MESATR
Highest known parent: TNR HOLDING. The sources do not say who stands above it.
Owners 1
Known shareholders 98%· accounts at 29-02-2024
-
98%
Holdings 0
The accounts to 29-02-2024 list no holdings, and no other source names one.
According to the annual accounts to 29-02-2024 of MESATR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 8 Gazette acts processed.
Timeline
10 eventsLatest 27-07-2026Next filing 30-09-2027
History
Acts, filings and financial milestones
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Company details
Private limited company (pre-2019) · founded 23-09-2010Year ends 28-02Peppol not found1 site
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0056/00A010 | Flanders | 1.9 ha | 1 · 1,405 m² | 12.4 m · 2 fl. |
| 11808H1194/00M007 | Flanders | 437 m² | 1 · 485 m² | 21.1 m · 2 fl. |
Linked by address, not proof of ownership
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