Checked.be
Active
BE 0454.057.790Public limited company
MESKENS - COOL EXPORT
Bevrijdingslaan (APP) 188 ·9200 Dendermonde, Belgium· 31 yrs active
Sector: Wholesale of other food products
(46389)
Conclusion
MESKENS - COOL EXPORT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €478k and a net result of €2k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €478k |
| Net result | €2k |
| Better than sector | 54% |
| Active | 31 yrs |
Financial profile
53
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
49
Profitability
2
Solvency
60
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
49
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€23k
estimate, not credit advice
Score history
54
2022
74
2023
81
2024
49
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.27 (< 1.0)
-10
Quick ratio
Quick ratio 0.27 (< 0.6)
-5
Leverage
Debt/equity 1.05 (< 2.0)
+3
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 9.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-10-2025 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.7% | 44.7% | |
| Net result | €2k | €31k | |
| Equity | €478k | €398k | |
| Gross operating margin | €80k | €211k | |
| Total assets | €981k | €1.07M |
€74k
+8.3%
22-25
€2k
-89.9%
22-25
€66k
+22.1%
22-25
€981k
+7.0%
22-25
€478k
+0.4%
22-25
€-157k
-
22-25
0
-
22-25
€1k
-86.3%
22-25
€503k
+14.2%
22-25
€214k
+45.2%
22-25
€290k
-1.3%
22-25
0.27
-76.6%
22-25
0.27
-76.6%
22-25
48.7%
-6.2%
22-25
1.05
+13.8%
22-25
0.4%
-90.0%
22-25
0.2%
-90.6%
22-25
9.39
-16.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €74k | €68k | €85k | €109k |
| Net profit | €2k | €18k | €27k | €41k |
| Cash flow | €66k | €54k | €63k | €75k |
| Staff costs | - | - | - | - |
| Income taxes | €1k | €9k | €14k | €26k |
| Dividends | - | - | - | - |
| Total assets | €981k | €917k | €1.04M | €934k |
| Equity | €478k | €476k | €458k | €431k |
| Debt | €503k | €441k | €582k | €504k |
| of which ≤ 1y | €214k | €147k | €246k | €139k |
| of which > 1y | €290k | €294k | €336k | €364k |
| Working capital | €-157k | €21k | €9k | €-17k |
| Employees (FTE) | - | - | 0.0 | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.27 | 1.14 | 1.04 | 0.88 |
| Quick ratio | 0.27 | 1.14 | 1.04 | 0.88 |
| Working capital ratio | -16.0% | 2.3% | 0.9% | -1.8% |
| Solvency | 48.7% | 51.9% | 44.0% | 46.1% |
| Debt / equity | 1.05 | 0.93 | 1.27 | 1.17 |
| Long-term debt ratio | 0.61 | 0.62 | 0.73 | 0.85 |
| Interest coverage | 9.39 | 11.19 | 9.80 | 13.84 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.2% | 2.0% | 2.6% | 4.4% |
| ROE | 0.4% | 3.8% | 5.9% | 9.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €981k | €917k | €1.04M | €934k |
| Fixed assets | 21/28 | €924k | €748k | €784k | €812k |
| Tangible fixed assets | 22/27 | €784k | €608k | €644k | €672k |
| Financial fixed assets | 28 | €140k | €140k | €140k | €140k |
| Current assets | 29/58 | €57k | €168k | €256k | €123k |
| Amounts receivable within one year | 40/41 | €43k | €56k | €98k | €55k |
| Investments | 50/53 | €0 | €75k | - | - |
| Cash & bank | 54/58 | €13k | €38k | €158k | €68k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €981k | €917k | €1.04M | €934k |
| Equity | 10/15 | €478k | €476k | €458k | €431k |
| Contributions / capital | 10/11 | €75k | €75k | €75k | €75k |
| Reserves | 13 | €403k | €401k | €383k | €381k |
| Accumulated profits (losses) | 14 | - | - | €0 | €-25k |
| Amounts payable | 17/49 | €503k | €441k | €582k | €504k |
| Amounts payable after one year | 17 | €290k | €294k | €336k | €364k |
| Amounts payable within one year | 42/48 | €214k | €147k | €246k | €139k |
| Trade debts payable within one year | 44 | €40k | €39k | €138k | €29k |
| Income statement | |||||
| Gross operating margin | 9900 | €80k | €75k | €90k | €115k |
| Operating result | 9901 | €10k | €32k | €49k | €75k |
| Financial income | 75 | €1k | €1k | - | - |
| Financial charges | 65 | €8k | €6k | €9k | €8k |
| Result before taxes | 9903 | €3k | €27k | €41k | €67k |
| Income taxes | 67/77 | €1k | €9k | €14k | €26k |
| Net result for the period | 9904 | €2k | €18k | €27k | €41k |
| Result to be appropriated | 9905 | €2k | €18k | €27k | €41k |
Legal Structure
| NACE primary | Wholesale of other food products(46389) |
| Legal form | Public limited company(014) |
| Incorporation | 09-01-1995 |
| Status | Active |
| Postal code | 9200 |
Establishment units
MESKENS-COOL EXPORT NV
since 19952.069.746.903
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42001B0547/00F000 | Flanders | 1,674 m² | 1 · 313 m² | 4.8 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €2k ▼89.9%
Net result drops to €2k, the lowest in the series.
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of other food products4638951310Development of residential building projects68121Development of non-residential building projects68122Wholesale of fruit and vegetables, excluding potatoes46319Freight transport by road49410Renting and operating of own or leased residential real estate, excluding social housing68201
Names & trade names
| Legal nameNL | MESKENS - COOL EXPORT |
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