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MESO

Active
Private limited companyfounded 200917 yrs activeElfenbankdreef 5, 2900 Schoten, BelgiumKBO/BCE: BE 0810.166.269
Summary

MESO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €408,716 and a net result of €96,613. Equity is growing by ~11.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability88=
Solvency90▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 2.36 in 2023; short-term debt: 15.6% and cash: 1.1% of total assets), and 34.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
9 d early
2023
14 d late
2022
33 d early
2021
23 d late
2020
16 d early
2019
14 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 1 day before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MESO was incorporated on 3 March 2009.1 Total assets went from EUR 613,384 in 2018 to EUR 626,271 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€408,716▲ 11.6%
2023 · €366,245
Total assets
€626,271▲ 6.9%
2023 · €585,929
Net result
€96,613▲ 5.6%
2023 · €91,499
Working capital
€47,544▼ 31.9%
2023 · €69,785
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€57,782▲ 32.7%€80,378▲ 39.1%€123,002▲ 53.0%€138,175▲ 12.3%€142,939▲ 3.4%
Net result€44,527▲ 77.9%€52,301▲ 17.5%€81,591▲ 56.0%€91,499▲ 12.1%€96,613▲ 5.6%
Equity€255,102▲ 7.0%€262,622▲ 2.9%€349,613▲ 33.1%€366,245▲ 4.8%€408,716▲ 11.6%
Total assets€562,023▼ 4.4%€578,783▲ 3.0%€605,949▲ 4.7%€585,929▼ 3.3%€626,271▲ 6.9%
Debt€306,921▼ 12.3%€316,160▲ 3.0%€256,336▼ 18.9%€219,684▼ 14.3%€217,554▼ 1.0%
Working capital-€6,910-€8,539▼ 23.6%€65,316€69,785▲ 6.8%€47,544▼ 31.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2020: €57,782€57,782Net result 2020: €44,527€44,527Operating result 2021: €80,378€80,378Net result 2021: €52,301€52,301Operating result 2022: €123,002€123,002Net result 2022: €81,591€81,591Operating result 2023: €138,175€138,175Net result 2023: €91,499€91,499Operating result 2024: €142,939€142,939Net result 2024: €96,613€96,61320202021202220232024€0€50,000€100,000€150,000Operating result 2022: €123,002€123,000Net result 2022: €81,591€81,600Operating result 2023: €138,175€138,000Net result 2023: €91,499€91,500Operating result 2024: €142,939€143,000Net result 2024: €96,613€96,600202220232024
The operating result has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €626,271
Fixed assets €481,173 ▲ 3.5%
Current assets €145,098 ▲ 20.0%
Equity and liabilities €626,271
Equity €408,716 ▲ 11.6%
Debt €217,554 ▼ 1.0%
Debt's share of the balance-sheet total falls from 37.5% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€161,194▲
2023 · €155,511
Cash flow
€114,868▲
2023 · €108,835
Current ratio
1.49▼
2023 · 2.36
Debt to equity
0.53▼
2023 · 0.60
ROE
23.6%▼
2023 · 25.0%
ROA
15.4%▼
2023 · 15.6%
Interest coverage
20.67▲
2023 · 17.40
Debt ≤ 1 year
€97,554▲
2023 · €51,163
Debt > 1 year
€97,491▼
2023 · €168,521
Income taxes
€40,197▲
2023 · €38,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
3.1% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet Code20232024
Assets
Total assets20/58€585,929€626,271▲
Fixed assets21/28€464,982€481,173▲
Tangible fixed assets22/27€464,982€481,173▲
Land and buildings22€461,114€448,568▼
Furniture and vehicles24€3,868€23,435▲
Assets under construction and advance payments27-€9,170
Current assets29/58€120,947€145,098▲
Amounts receivable within one year40/41€25,612€74,488▲
Trade receivables40€24,318€47,389▲
Other amounts receivable41€1,293€27,099▲
Current investments50/53€64,539€56,820▼
Cash at bank and in hand54/58€24,454€7,178▼
Deferred charges and accrued income490/1€6,343€6,611▲
Equity and liabilities
Total equity and liabilities10/49€585,929€626,271▲
Equity10/15€366,245€408,716▲
Contributions10/11€18,600€18,600=
Reserves13€347,645€390,116▲
Non-distributable reserves130/1€1,860€0▼
Reserves not available under the articles1311€1,860€0▼
Distributable reserves133€345,785€390,116▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€219,684€217,554▼
Amounts payable after more than one year17€168,521€97,491▼
Financial debts170/4€168,521€97,491▼
Amounts payable within one year42/48€51,163€97,554▲
Current portion of amounts payable after more than one year42€29,499€22,934▼
Financial debts43-€345
Other loans439-€345
Trade debts44€1,364€2,027▲
Suppliers440/4€1,364€2,027▲
Taxes, remuneration and social security45€11,174€21,020▲
Taxes450/3€8,227€21,020▲
Remuneration and social security454/9€2,947€0▼
Other amounts payable47/48€9,126€51,228▲
Accrued charges and deferred income492/3-€22,510
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,336€18,255▲
Other operating charges640/8€3,879€2,211▼
Non-recurring operating charges66A€0-
Gross operating margin9900€159,390€163,406▲
Operating profit (loss)9901€138,175€142,939▲
Financial income75/76B€267€1,670▲
Recurring financial income75€267€1,670▲
Financial charges65/66B€8,937€7,799▼
Recurring financial charges65€8,937€7,799▼
Profit (loss) for the period before taxes9903€129,505€136,811▲
Income taxes67/77€38,007€40,197▲
Profit (loss) for the period9904€91,499€96,613▲
Profit (loss) for the period to be appropriated9905€91,499€96,613▲
Appropriation of the result
Profit (loss) to be appropriated9906€91,499€96,613▲
Transfer from equity791/2€74,867€54,142▼
Transfer to equity691/2€91,499€96,613▲
To other reserves6921€91,499€96,613▲
Profit to be distributed694/7€74,867€54,142▼
Return on contributions (dividend)694€74,867€54,142▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,545€19,929€16,733€17,336€18,255▲ 5.3%
Other operating charges640/8-€1,898€1,912€3,879€2,211▼ 43.0%
Non-recurring operating charges66A---€0--
Gross operating margin9900€79,202€102,206€141,647€159,390€163,406▲ 2.5%
Operating profit (loss)9901€57,782€80,378€123,002€138,175€142,939▲ 3.4%
Financial income75/76B---€267€1,670▲ 526%
Recurring financial income75€13--€267€1,670▲ 526%
Financial charges65/66B-€6,801€8,885€8,937€7,799▼ 12.7%
Recurring financial charges65€6,872€6,801€5,452€8,937€7,799▼ 12.7%
Non-recurring financial charges66B--€3,433---
Profit (loss) for the period before taxes9903€62,923€73,577€114,118€129,505€136,811▲ 5.6%
Income taxes67/77€18,396€21,276€32,527€38,007€40,197▲ 5.8%
Profit (loss) for the period9904€44,527€52,301€81,591€91,499€96,613▲ 5.6%
Profit (loss) for the period to be appropriated9905€44,527€52,301€81,591€91,499€96,613▲ 5.6%
Line20202021202220232024Change
Assets
Total assets20/58€562,023€578,783€605,949€585,929€626,271▲ 6.9%
Fixed assets21/28€514,606€498,145€482,318€464,982€481,173▲ 3.5%
Tangible fixed assets22/27€514,606€498,145€482,318€464,982€481,173▲ 3.5%
Land and buildings22-€476,004€476,529€461,114€448,568▼ 2.7%
Furniture and vehicles24-€22,142€5,788€3,868€23,435▲ 506%
Assets under construction and advance payments27----€9,170-
Current assets29/58€47,417€80,637€123,631€120,947€145,098▲ 20.0%
Amounts receivable within one year40/41€19,308€20,500€24,664€25,612€74,488▲ 191%
Trade receivables40-€20,500€23,371€24,318€47,389▲ 94.9%
Other amounts receivable41--€1,293€1,293€27,099▲ 1,995%
Current investments50/53---€64,539€56,820▼ 12.0%
Cash at bank and in hand54/58€23,127€55,016€93,695€24,454€7,178▼ 70.6%
Deferred charges and accrued income490/1-€5,121€5,272€6,343€6,611▲ 4.2%
Equity and liabilities
Total equity and liabilities10/49€562,023€578,783€605,949€585,929€626,271▲ 6.9%
Equity10/15€255,102€262,622€349,613€366,245€408,716▲ 11.6%
Contributions10/11-€12,400€18,600€18,600€18,600=
Reserves13€242,702€250,222€331,013€347,645€390,116▲ 12.2%
Non-distributable reserves130/1-€1,860€1,860€1,860€0▼ 100%
Reserves not available under the articles1311-€1,860€1,860€1,860€0▼ 100%
Distributable reserves133-€248,362€329,153€345,785€390,116▲ 12.8%
Profit (loss) carried forward14---€0€0-
Amounts payable17/49€306,921€316,160€256,336€219,684€217,554▼ 1.0%
Amounts payable after more than one year17€252,593€226,984€198,020€168,521€97,491▼ 42.1%
Financial debts170/4-€226,984€198,020€168,521€97,491▼ 42.1%
Amounts payable within one year42/48€54,327€89,177€58,316€51,163€97,554▲ 90.7%
Current portion of amounts payable after more than one year42-€28,451€28,963€29,499€22,934▼ 22.3%
Financial debts43-€9,997--€345-
Credit institutions430/8-€9,997----
Other loans439----€345-
Trade debts44€4,296€4,053€2,456€1,364€2,027▲ 48.6%
Suppliers440/4-€4,053€2,456€1,364€2,027▲ 48.6%
Taxes, remuneration and social security45-€15,912€9,516€11,174€21,020▲ 88.1%
Taxes450/3-€15,912€9,516€8,227€21,020▲ 156%
Remuneration and social security454/9---€2,947€0▼ 100%
Other amounts payable47/48-€30,764€17,380€9,126€51,228▲ 461%
Accrued charges and deferred income492/3----€22,510-
Line20202021202220232024Change
Profit (loss) for the period9904€44,527€52,301€81,591€91,499€96,613▲ 5.6%
+ Depreciation and write-downs630€18,545€19,929€16,733€17,336€18,255▲ 5.3%
Operating cash flow (approximation)€63,072€72,231€98,324€108,835€114,868▲ 5.5%
Investment in fixed assets (approximation)--€3,469-€906€0-€34,446-
Change in cash-€31,889€38,679-€69,241-€17,276▲ 75.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €96,613 ▲5.6%
Operating result €142,939, net result €96,613, both a record.
14-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity doublescurrent ratio 2.12
Current ratio from 0.90 to 2.12; short-term debt falls from €89,177 to €58,316.
23-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
15-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial Weakest financial yearnet €25,023 ▼14%
Net result drops to €25,023, the lowest in the series; recovery starts the following year.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
08-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
11-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
2016
09-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 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, Schoten · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
1,957 m²
Building footprint
149 m²
Volume, LiDAR
1,005 m³
Parcel 11040D0133/00M002, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Elfenbankdreef 5, 2900 Schoten
Retail trade
since 20092.202.725.884
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11040D0133/00M002 Flanders 1,957 m² 1 · 149 m² 10.7 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
Founded03-03-2009
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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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.