MESOTTEN
ActiveSummary
MESOTTEN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,108 and a net result of €302,806. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+13
Solvency34=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.81 in 2023; short-term debt: 76.7% and cash: 11.8% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Four 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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9619 sector peers (2024).
NBB · sector comparisonPosition among 9619 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
54 d late
2023
27 d late
2022
22 d late
2021
12 d late
2020
45 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€106,108=
2023 · €106,108
Total assets
€1.2m▼ 1.0%
2023 · €1.2m
Net result
€302,806▲ 65.7%
2023 · €182,727
Working capital
-€244,441▼ 46.5%
2023 · -€166,799
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€160,849▲ 65.9%€219,910▲ 36.7%€254,117▲ 15.6%€196,637▼ 22.6%€339,145▲ 72.5%
Net result€146,451▲ 75.2%€206,585▲ 41.1%€242,634▲ 17.4%€182,727▼ 24.7%€302,806▲ 65.7%
Equity€266,108▲ 4.9%€266,108=€106,108▼ 60.1%€106,108=€106,108=
Total assets€1.1m▲ 1.1%€1.2m▲ 9.1%€1.2m▼ 3.6%€1.2m▲ 5.1%€1.2m▼ 1.0%
Debt€852,945=€954,880▲ 12.0%€1.1m▲ 12.2%€1.1m▲ 5.6%€1.1m▼ 1.1%
Working capital€90,972▼ 13.0%€53,292▼ 41.4%-€149,911-€166,799▼ 11.3%-€244,441▼ 46.5%
Staff (FTE)7.2▲ 9.1%7.9▲ 9.7%7▼ 11.4%8▲ 14.3%8.7▲ 8.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +66% on 2023. Cause not known from the registers.
- 2022 Equity -60% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 72% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€529,676 ▼ 2.0%
Current assets
€695,086 ▼ 0.2%
Equity and liabilities €1.2m
Equity
€106,108 =
Debt
€1.1m ▼ 1.1%
Debt's share of the balance-sheet total falls from 91.4% to 91.3%. Debt is lower.
Key figures and ratios
EBITDA
€388,248▲
2023 · €246,063
Cash flow
€351,909▲
2023 · €232,153
Current ratio
0.74▼
2023 · 0.81
Quick ratio
0.43▼
2023 · 0.51
Debt to equity
10.54▼
2023 · 10.66
ROE
285.4%▲
2023 · 172.2%
ROA
24.7%▲
2023 · 14.8%
Interest coverage
25.48▲
2023 · 15.36
Debt ≤ 1 year
€939,527▲
2023 · €863,008
Debt > 1 year
€177,384▼
2023 · €246,093
Income taxes
€22,246▲
2023 · €23
Staff costs
€430,216▲
2023 · €400,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 926 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €826 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €363,188 | €370,546 | €400,690 | €430,216 | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,444 | €50,603 | €48,932 | €49,426 | €49,103 | ▼ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,697 | €21,415 | ▲ 356% |
| Other operating charges640/8 | - | €9,250 | €6,148 | €6,337 | €6,014 | ▼ 5.1% |
| Gross operating margin9900 | €547,082 | €642,951 | €679,743 | €657,787 | €845,894 | ▲ 28.6% |
| Operating profit (loss)9901 | €160,849 | €219,910 | €254,117 | €196,637 | €339,145 | ▲ 72.5% |
| Financial income75/76B | - | €2,149 | €1,933 | €2,133 | €1,142 | ▼ 46.4% |
| Recurring financial income75 | €2,601 | €2,149 | €1,933 | €2,133 | €1,142 | ▼ 46.4% |
| Financial charges65/66B | - | €14,993 | €13,348 | €16,020 | €15,235 | ▼ 4.9% |
| Recurring financial charges65 | €16,959 | €14,993 | €13,348 | €16,020 | €15,235 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €146,491 | €207,066 | €242,701 | €182,750 | €325,052 | ▲ 77.9% |
| Income taxes67/77 | €41 | €481 | €67 | €23 | €22,246 | ▲ 97,858% |
| Profit (loss) for the period9904 | €146,451 | €206,585 | €242,634 | €182,727 | €302,806 | ▲ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €146,451 | €206,585 | €242,634 | €182,727 | €302,806 | ▲ 65.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Fixed assets21/28 | €526,021 | €524,927 | €510,500 | €540,574 | €529,676 | ▼ 2.0% |
| Tangible fixed assets22/27 | €525,486 | €524,392 | €509,965 | €540,039 | €529,141 | ▼ 2.0% |
| Land and buildings22 | - | €413,336 | €391,013 | €379,077 | €368,834 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €79,986 | €94,847 | €143,821 | €117,038 | ▼ 18.6% |
| Furniture and vehicles24 | - | €31,070 | €24,105 | €17,140 | €43,270 | ▲ 152% |
| Financial fixed assets28 | €535 | €535 | €535 | €535 | €535 | = |
| Current assets29/58 | €593,031 | €696,061 | €666,658 | €696,210 | €695,086 | ▼ 0.2% |
| Stocks and contracts in progress3 | €258,034 | €272,528 | €290,988 | €252,352 | €290,019 | ▲ 14.9% |
| Stocks30/36 | - | €272,528 | €290,988 | €252,352 | €290,019 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €231,319 | €279,643 | €279,742 | €257,658 | €252,565 | ▼ 2.0% |
| Trade receivables40 | - | €240,268 | €244,590 | €240,866 | €238,318 | ▼ 1.1% |
| Other amounts receivable41 | - | €39,375 | €35,152 | €16,792 | €14,247 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €94,221 | €124,519 | €88,316 | €183,793 | €144,375 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | €19,371 | €7,611 | €2,407 | €8,127 | ▲ 238% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Equity10/15 | €266,108 | €266,108 | €106,108 | €106,108 | €106,108 | = |
| Contributions10/11 | €0 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €247,108 | €247,108 | €87,108 | €87,108 | €87,108 | = |
| Non-distributable reserves130/1 | - | €1,900 | - | - | - | - |
| Other1319 | - | €1,900 | - | - | - | - |
| Distributable reserves133 | - | €245,208 | €87,108 | €87,108 | €87,108 | = |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €852,945 | €954,880 | €1.1m | €1.1m | €1.1m | ▼ 1.1% |
| Amounts payable after more than one year17 | €347,095 | €305,104 | €250,619 | €246,093 | €177,384 | ▼ 27.9% |
| Financial debts170/4 | - | €305,104 | €250,619 | €246,093 | €177,384 | ▼ 27.9% |
| Amounts payable within one year42/48 | €502,059 | €642,769 | €816,568 | €863,008 | €939,527 | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €71,598 | €54,485 | €68,666 | €68,709 | ▲ 0.1% |
| Trade debts44 | €149,956 | €190,375 | €130,460 | €175,763 | €137,478 | ▼ 21.8% |
| Suppliers440/4 | - | €190,375 | €130,460 | €175,763 | €137,478 | ▼ 21.8% |
| Taxes, remuneration and social security45 | - | €25,280 | €25,167 | €25,078 | €28,283 | ▲ 12.8% |
| Taxes450/3 | - | €555 | €548 | €103 | €2,289 | ▲ 2,117% |
| Remuneration and social security454/9 | - | €24,725 | €24,619 | €24,975 | €25,994 | ▲ 4.1% |
| Other amounts payable47/48 | - | €355,516 | €606,457 | €593,502 | €705,058 | ▲ 18.8% |
| Accrued charges and deferred income492/3 | - | €7,007 | €3,863 | €21,574 | €1,743 | ▼ 91.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,451 | €206,585 | €242,634 | €182,727 | €302,806 | ▲ 65.7% |
| + Depreciation and write-downs630 | €46,444 | €50,603 | €48,932 | €49,426 | €49,103 | ▼ 0.7% |
| Operating cash flow (approximation) | €192,895 | €257,189 | €291,566 | €232,153 | €351,909 | ▲ 51.6% |
| Investment in fixed assets (approximation) | - | -€49,509 | -€34,505 | -€79,500 | -€38,206 | ▲ 51.9% |
| Change in cash | - | €30,298 | -€36,203 | €95,477 | -€39,417 | ▼ 141% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €302,806 ▲65.7%
Operating result €339,145, net result €302,806, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 45 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Tongeren-Borgloon · 1 establishment unit since 1984
Ground area
1,923 m²
Building footprint
788 m²
Parcel 73080A1031/00P000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sluizerbroek 49, 3700 Tongeren-Borgloon
since 19842.037.779.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73080A1031/00P000 | Flanders | 1,923 m² | 1 · 788 m² | - |
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
1 ownerChain of control
- AM HOLDING
- MESOTTEN
Highest known parent: AM HOLDING. The sources do not say who stands above it.
Owners 1
- AM HOLDINGparentSourceaccounts AM HOLDING 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesMESOTTEN BV30324
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 862 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
Founded27-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
47521Retail sale of hardware, building materials, paint and glass (general range)
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425202963
Also
9925:BE0425202963
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.