MESO 12
ActiveMESO 12 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+44
Solvency80▲+62
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 0.57 in 2024; short-term debt: 44.7% and cash: 11.2% of total assets), and 44.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
55.3%
Return on assets
68.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
56 d late
2022
224 d late
2021
73 d early
2020
47 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k
2024 · €-5k
2020: €5k
2021: €19k
2022: €-2k
2023: €-4k
2024: €-5k
2020 → 2025
Total assets
€36k▼ 47.2%
2024 · €69k
2020: €8k
2021: €33k
2022: €11k
2023: €12k
2024: €69k
2020 → 2025
Net result
€25k
2024 · €-858
2020: €5k
2021: €14k
2022: €-21k
2023: €-2k
2024: €-858
2020 → 2025
Working capital
€7k
2024 · €-32k
2020: €5k
2021: €19k
2022: €-2k
2023: €-4k
2024: €-32k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€-2k€-4k▼ 76.7%€-5k▼ 21.5%€20k
Operating result€18k-€-19k€1k€5k▲ 282%€31k▲ 543%
Net result€14k-€-21k€-2k▲ 91.9%€-858▲ 50.5%€25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 543% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€13k▼ 50.1%
Current assets
€23k▼ 45.3%
Equity and liabilities €36k
Equity
€20k
Debt
€16k
Debt finances 44.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€48k▲
2024 · €27k
Cash flow
€42k▲
2024 · €21k
Solvency
55.3%▲
2024 · -7.0%
Current ratio
1.41▲
2024 · 0.57
Quick ratio
1.07▲
2024 · 0.48
Debt / equity
0.81▲
2024 · -15.22
ROE
124.1%
ROA
68.6%▲
2024 · -1.2%
Interest coverage
7.99▲
2024 · 4.69
Debt
€16k▼
2024 · €74k
Debt ≤ 1 year
€16k▼
2024 · €74k
Staff costs
€50k▼
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€69k€36k▼
Fixed assets21/28€27k€13k▼
Tangible fixed assets22/27€27k€13k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€27k€11k▼
Current assets29/58€42k€23k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€11k€13k▲
Trade receivables40-€3k
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€24k€4k▼
Deferred charges and accrued income490/1€770€507▼
Equity and liabilities
Total equity and liabilities10/49€69k€36k▼
Equity10/15€-5k€20k▲
Contributions10/11€100€100=
Profit (loss) carried forward14€-5k€20k▲
Amounts payable17/49€74k€16k▼
Amounts payable within one year42/48€74k€16k▼
Trade debts44€37k-
Suppliers440/4€37k-
Taxes, remuneration and social security45€20k€13k▼
Taxes450/3€680€49▼
Remuneration and social security454/9€19k€13k▼
Other amounts payable47/48€17k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€57k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€17k▼
Other operating charges640/8€7k€3k▼
Gross operating margin9900€90k€101k▲
Operating profit (loss)9901€5k€31k▲
Financial income75/76B€18€13▼
Recurring financial income75€18€13▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-858€25k▲
Profit (loss) for the period9904€-858€25k▲
Profit (loss) for the period to be appropriated9905€-858€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€20k▲
Profit (loss) brought forward from the previous period14P€-4k€-5k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.41
Current ratio from 0.57 to 1.41; short-term debt falls from €74k to €16k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2023
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2022
31-03
Financial
Weakest financial yearnet €-21k ▼249%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
Esra Yildirim: Resigned as Director
13-09-2019
Bogatekin Faik: Resigned as Managing director
01-01-2019
Bataray Aslihan: Resigned as Managing director
27-07-2017
Emektar Seda: Resigned as Managing director
30-06-2017
Cihat Bogatekin: Resigned as Managing director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Léopold 314000 LiègeGround area
173 m²
Building footprint
87 m²
Volume, LiDAR
1,847 m³
Parcel 62063A0438/00C000, Wallonia · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Boulangerie du peuple
since 20192.293.120.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A0438/00C000 | Wallonia | 173 m² | 1 · 87 m² | 22.5 m · 7 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.293.120.085
Similar companies · same sector, comparable size
MELINA HAMAIDE
BE 0777.323.554
Binche · Eq €20k
De Zoete Morgen
BE 1023.703.653
Olen · Eq €20k
FRANCOIS - DOGNE AUX TRIXHES
BE 0447.546.122
Nandrin · Eq €20k
ADO 42
BE 0712.828.947
Brussel · Eq €20k
JGD IMMO
BE 0451.576.372
Oostende · Eq €20k
Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 837 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2017
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.