MESO
ActiveSummary
MESO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171,361 and a net result of -€12,741. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35=
Solvency36▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.94 against 5.84 in 2023; short-term debt: 2.6% and cash: 0% of total assets), but 88.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
11.1%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€12,741
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
14 d late
2022
31 d late
2021
18 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 36 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€171,361▼ 6.9%
2023 · €184,102
Total assets
€1.5m=
2023 · €1.5m
Net result
-€12,741▲ 3.9%
2023 · -€13,259
Working capital
€118,864▼ 9.7%
2023 · €131,604
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,659▲ 89.6%-€3,944▼ 138%-€16,225▼ 311%-€13,160▲ 18.9%-€13,364▼ 1.5%
Net result-€1,667€367€39,941▲ 10,782%-€13,259-€12,741▲ 3.9%
Equity€157,053▼ 1.1%€157,420▲ 0.2%€197,361▲ 25.4%€184,102▼ 6.7%€171,361▼ 6.9%
Total assets€1.5m▼ 0.4%€1.5m▲ 0.2%€1.6m▲ 3.2%€1.5m▼ 0.7%€1.5m=
Debt€1.3m▼ 0.3%€1.3m▲ 0.2%€1.4m▲ 0.7%€1.4m▲ 0.2%€1.4m▲ 1.0%
Working capital€92,626▼ 5.4%€96,193▲ 3.9%€154,364▲ 60.5%€131,604▼ 14.7%€118,864▼ 9.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,364 in 2024 against €13,160 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.4m =
Current assets
€159,317 ▲ 0.3%
Equity and liabilities €1.5m
Equity
€171,361 ▼ 6.9%
Debt
€1.4m ▲ 1.0%
Debt's share of the balance-sheet total rises from 88.1% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.94▼
2023 · 5.84
Debt to equity
8.02▲
2023 · 7.39
ROE
-7.4%▼
2023 · -7.2%
ROA
-0.8%▲
2023 · -0.9%
Debt ≤ 1 year
€40,453▲
2023 · €27,176
Debt > 1 year
€1.3m=
2023 · €1.3m
Income taxes
-€623
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €868 | €1,091 | €1,075 | €1,094 | ▲ 1.7% |
| Gross operating margin9900 | -€482 | -€3,076 | -€15,134 | -€12,085 | -€12,271 | ▼ 1.5% |
| Operating profit (loss)9901 | -€1,659 | -€3,944 | -€16,225 | -€13,160 | -€13,364 | ▼ 1.5% |
| Financial income75/76B | - | €4,502 | €70,416 | - | - | - |
| Recurring financial income75 | - | €4,502 | €70,416 | - | - | - |
| Non-recurring financial income76B | - | - | €70,416 | - | - | - |
| Financial charges65/66B | - | €191 | €99 | €99 | - | - |
| Recurring financial charges65 | €19 | €191 | €99 | €99 | - | - |
| Profit (loss) for the period before taxes9903 | -€1,678 | €367 | €54,091 | -€13,259 | -€13,364 | ▼ 0.8% |
| Income taxes67/77 | -€11 | - | €14,150 | - | -€623 | - |
| Profit (loss) for the period9904 | -€1,667 | €367 | €39,941 | -€13,259 | -€12,741 | ▲ 3.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,667 | €367 | €39,941 | -€13,259 | -€12,741 | ▲ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | = |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €93,137 | €96,596 | €169,112 | €158,781 | €159,317 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €93,100 | €89,839 | €160,711 | €158,737 | €159,300 | ▲ 0.4% |
| Other amounts receivable41 | - | €89,839 | €160,711 | €158,737 | €159,300 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €37 | €6,756 | €8,401 | €44 | €16 | ▼ 63.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | = |
| Equity10/15 | €157,053 | €157,420 | €197,361 | €184,102 | €171,361 | ▼ 6.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €150,853 | €151,220 | €191,161 | €177,902 | €165,161 | ▼ 7.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €149,360 | €189,301 | €176,042 | €163,301 | ▼ 7.2% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €1.4m | €1.4m | ▲ 1.0% |
| Amounts payable after more than one year17 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Other amounts payable178/9 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Amounts payable within one year42/48 | €511 | €402 | €14,748 | €27,176 | €40,453 | ▲ 48.9% |
| Trade debts44 | €511 | €402 | €598 | €798 | €960 | ▲ 20.2% |
| Suppliers440/4 | - | €402 | €598 | €798 | €960 | ▲ 20.2% |
| Taxes, remuneration and social security45 | - | - | €14,150 | - | - | - |
| Taxes450/3 | - | - | €14,150 | - | - | - |
| Other amounts payable47/48 | - | - | - | €26,378 | €39,493 | ▲ 49.7% |
| Accrued charges and deferred income492/3 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,667 | €367 | €39,941 | -€13,259 | -€12,741 | ▲ 3.9% |
| Operating cash flow (approximation) | -€1,667 | €367 | €39,941 | -€13,259 | -€12,741 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | €0 | €23,795 | €0 | €0 | - |
| Change in cash | - | €6,719 | €1,645 | -€8,357 | -€28 | ▲ 99.7% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet -€13,259
Net result drops to -€13,259, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €39,941 ▲10,782%
Net result €39,941, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Back to profitnet €367
Net result €367 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Liquidity times 2549current ratio 193.01
Current ratio from 0.08 to 193.01; short-term debt falls from €1.3m to €510.
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 114 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 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, Kortrijk · 1 establishment unit since 2001
Ground area
4,479 m²
Building footprint
934 m²
Volume, LiDAR
3,555 m³
Parcel 34022E0541/00B002, Flanders · tallest building 14.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kongoweg(Kor) 23, 8500 Kortrijk
since 20012.093.357.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0541/00B002 | Flanders | 4,479 m² | 1 · 934 m² | 14.0 m · 1 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
99.87%
-
99%
According to the 2024 annual accounts of MESO 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 current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-01-2001
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.