MESCO
ActiveSummary
MESCO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €74k. Equity is shrinking by ~25.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 11% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▼-30
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
3.3%
Return on assets
48.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 11%
← 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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
37 d early
2023
1 d early
2022
6 d early
2021
60 d late
2020
89 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 92.7%
2024 · €69k
2020: €79k
2021: €143k▲ +80.5% vs 2020
2022: €194k▲ +35.6% vs 2021highest in 6 years
2023: €112k▼ -42.2% vs 2022
2024: €69k▼ -38.6% vs 2023
2025: €5k▼ -92.7% vs 2024lowest in 6 years
2020 → 2025
Total assets
€152k▼ 28.2%
2024 · €212k
2020: €120klowest in 6 years
2021: €195k▲ +62.5% vs 2020
2022: €236k▲ +20.9% vs 2021
2023: €358k▲ +51.6% vs 2022highest in 6 years
2024: €212k▼ -40.8% vs 2023
2025: €152k▼ -28.2% vs 2024
2020 → 2025
Net result
€74k▲ 29.7%
2024 · €57k
2020: €74khighest in 6 years
2021: €64k▼ -14.1% vs 2020
2022: €51k▼ -20.2% vs 2021lowest in 6 years
2023: €68k▲ +33.8% vs 2022
2024: €57k▼ -16.8% vs 2023
2025: €74k▲ +29.7% vs 2024
2020 → 2025
Working capital
€2k▼ 93.9%
2024 · €33k
2020: €61k
2021: €80k▲ +31.0% vs 2020
2022: €175k▲ +119% vs 2021highest in 6 years
2023: €83k▼ -52.5% vs 2022
2024: €33k▼ -60.4% vs 2023
2025: €2k▼ -93.9% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€194k▲ 35.6%€112k▼ 42.2%€69k▼ 38.6%€5k▼ 92.7%
2021: €143k
2022: €194k▲ +35.6% vs 2021highest in 5 years
2023: €112k▼ -42.2% vs 2022
2024: €69k▼ -38.6% vs 2023
2025: €5k▼ -92.7% vs 2024lowest in 5 years
Operating result€83k-€63k▼ 23.5%€85k▲ 34.1%€71k▼ 16.4%€93k▲ 31.5%
2021: €83k
2022: €63k▼ -23.5% vs 2021lowest in 5 years
2023: €85k▲ +34.1% vs 2022
2024: €71k▼ -16.4% vs 2023
2025: €93k▲ +31.5% vs 2024highest in 5 years
Net result€64k-€51k▼ 20.2%€68k▲ 33.8%€57k▼ 16.8%€74k▲ 29.7%
2021: €64k
2022: €51k▼ -20.2% vs 2021lowest in 5 years
2023: €68k▲ +33.8% vs 2022
2024: €57k▼ -16.8% vs 2023
2025: €74k▲ +29.7% vs 2024highest 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 recovers in 2025; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€3k ▼ 93.6%
Current assets
€149k ▼ 9.7%
Equity and liabilities €152k
Equity
€5k ▼ 92.7%
Debt
€147k ▲ 2.9%
Debt's share of the balance-sheet total rises from 67.5% to 96.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€96k▲
2024 · €88k
Cash flow
€76k▲
2024 · €74k
Current ratio
1.01▼
2024 · 1.25
Debt to equity
29.45▲
2024 · 2.08
ROA
48.3%▲
2024 · 26.7%
Interest coverage
112.53▲
2024 · 47.28
Debt ≤ 1 year
€147k▲
2024 · €132k
Debt > 1 year
€0▼
2024 · €10k
Income taxes
€19k▲
2024 · €16k
A ratio outside any meaningful range has been withheld (balance sheet total €152k, equity €5k).
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€152k▼
Fixed assets21/28€47k€3k▼
Tangible fixed assets22/27€47k€3k▼
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24€45k€3k▼
Current assets29/58€165k€149k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€21k€23k▲
Trade receivables40€19k€18k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€43k€26k▼
Deferred charges and accrued income490/1€1k€279▼
Equity and liabilities
Total equity and liabilities10/49€212k€152k▼
Equity10/15€69k€5k▼
Contributions10/11€5k€5k=
Reserves13€500€0▼
Non-distributable reserves130/1€500€0▼
Reserves not available under the articles1311€500€0▼
Profit (loss) carried forward14€63k€0▼
Amounts payable17/49€143k€147k▲
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€132k€147k▲
Current portion of amounts payable after more than one year42€20k€10k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€100k€132k▲
Accrued charges and deferred income492/3€119€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€3k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€89k€107k▲
Operating profit (loss)9901€71k€93k▲
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€2k€852▼
Recurring financial charges65€2k€852▼
Profit (loss) for the period before taxes9903€72k€92k▲
Income taxes67/77€16k€19k▲
Profit (loss) for the period9904€57k€74k▲
Profit (loss) for the period to be appropriated9905€57k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€163k€137k▼
Profit (loss) brought forward from the previous period14P€107k€63k▼
Transfer from equity791/2-€500
Profit to be distributed694/7€100k€137k▲
Return on contributions (dividend)694€100k€137k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €725 | €8k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €8k | €12k | €18k | €3k | ▼ 83.8% |
| Other operating charges640/8 | €617 | €511 | €730 | €1k | €1k | ▲ 40.4% |
| Non-recurring operating charges66A | - | - | - | - | €10k | - |
| Gross operating margin9900 | €95k | €72k | €97k | €89k | €107k | ▲ 19.6% |
| Operating profit (loss)9901 | €83k | €63k | €85k | €71k | €93k | ▲ 31.5% |
| Financial income75/76B | €367 | €592 | €5k | €4k | €0 | ▼ 100.0% |
| Recurring financial income75 | €367 | €592 | €5k | €4k | €0 | ▼ 100.0% |
| Financial charges65/66B | €125 | €206 | €1k | €2k | €852 | ▼ 54.4% |
| Recurring financial charges65 | €125 | €206 | €1k | €2k | €852 | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | €83k | €63k | €88k | €72k | €92k | ▲ 27.1% |
| Income taxes67/77 | €19k | €13k | €20k | €16k | €19k | ▲ 18.0% |
| Profit (loss) for the period9904 | €64k | €51k | €68k | €57k | €74k | ▲ 29.7% |
| Profit (loss) for the period to be appropriated9905 | €64k | €51k | €68k | €57k | €74k | ▲ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €236k | €358k | €212k | €152k | ▼ 28.2% |
| Fixed assets21/28 | €63k | €19k | €60k | €47k | €3k | ▼ 93.6% |
| Tangible fixed assets22/27 | €63k | €19k | €60k | €47k | €3k | ▼ 93.6% |
| Plant, machinery and equipment23 | €2k | €3k | €918 | €1k | €0 | ▼ 100% |
| Furniture and vehicles24 | €61k | €16k | €59k | €45k | €3k | ▼ 93.5% |
| Current assets29/58 | €132k | €217k | €298k | €165k | €149k | ▼ 9.7% |
| Amounts receivable after more than one year29 | - | - | €200k | €100k | €100k | = |
| Other amounts receivable291 | - | - | €200k | €100k | €100k | = |
| Amounts receivable within one year40/41 | €38k | €29k | €40k | €21k | €23k | ▲ 11.6% |
| Trade receivables40 | €34k | €19k | €18k | €19k | €18k | ▼ 2.2% |
| Other amounts receivable41 | €4k | €10k | €22k | €2k | €5k | ▲ 132% |
| Cash at bank and in hand54/58 | €93k | €185k | €56k | €43k | €26k | ▼ 40.5% |
| Deferred charges and accrued income490/1 | €1k | €3k | €2k | €1k | €279 | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €236k | €358k | €212k | €152k | ▼ 28.2% |
| Equity10/15 | €143k | €194k | €112k | €69k | €5k | ▼ 92.7% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €500 | €500 | €500 | €500 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €500 | €500 | €500 | €500 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €500 | €500 | €500 | €500 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €138k | €189k | €107k | €63k | €0 | ▼ 100% |
| Amounts payable17/49 | €52k | €42k | €246k | €143k | €147k | ▲ 2.9% |
| Amounts payable after more than one year17 | - | - | €31k | €10k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €31k | €10k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €52k | €42k | €215k | €132k | €147k | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | €2k | - | €20k | €20k | €10k | ▼ 48.6% |
| Trade debts44 | €1k | €6k | €11k | €6k | €3k | ▼ 48.3% |
| Suppliers440/4 | €1k | €6k | €11k | €6k | €3k | ▼ 48.3% |
| Taxes, remuneration and social security45 | €49k | €36k | €34k | €6k | €2k | ▼ 64.3% |
| Taxes450/3 | €49k | €36k | €34k | €6k | €2k | ▼ 64.3% |
| Other amounts payable47/48 | - | - | €150k | €100k | €132k | ▲ 31.5% |
| Accrued charges and deferred income492/3 | - | - | - | €119 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €51k | €68k | €57k | €74k | ▲ 29.7% |
| + Depreciation and write-downs630 | €12k | €8k | €12k | €18k | €3k | ▼ 83.8% |
| Operating cash flow (approximation) | €75k | €59k | €80k | €74k | €76k | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €36k | €-53k | €-4k | €41k | ▲ 1,060% |
| Change in cash | - | €92k | €-129k | €-13k | €-17k | ▼ 37.8% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €51k ▼20.2%
Net result drops to €51k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.16
Current ratio from 2.53 to 5.16; short-term debt falls from €52k to €42k.
31-12
Financial
Equity above €150kEq €194k ▲35.6%
3 profitable years in a row build equity to €194k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Equity above €100kEq €143k ▲80.5%
2 profitable years in a row build equity to €143k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gistel · 1 establishment unit since 2019
Ground area
1,009 m²
Building footprint
178 m²
Volume, LiDAR
918 m³
Parcel 35005A1007/00N012, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MESCO
since 20192.289.104.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005A1007/00N012 | Flanders | 1,009 m² | 1 · 178 m² | 11.9 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.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 793 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
meseurephilip@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.