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MESPILUS

Active Private limited companyfounded 2005active for 21 yearsStationstraat 122, 9170 Sint-Gillis-WaasKBO/BCE: BE 0876.856.640

Lifetime

20 annual accounts with figures on one time axis
peak €24,331 (2010)
€486▲ €2,127
lowest -€57,952 (2013)
-€193▲ €2,728
peak €8,116 (2006)
-€83,376▼ €193
€258,526▼ 1.0%
Board2 names since 2021
1 directorVan Oppens Wim
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from -€1,642 to €486Loss of €193Cash from €3,238 to €493

Key points

from the 2025 annual accounts

Equity

-€83,376
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€3,378 in three years
-2632023-2,9212024-1932025

Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.

Debts

€258,526 148% of the balance sheet

Checked score

53
Fair
Financially stronger than 15% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value 11-2026: 0.7%● unchanged vs 10-2026highest value

Financial strength
Weak

0=equity -47.6% of total assets
0-2short-term debt 147.6% · cash 0.3%
37+4return on assets -0.1%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€83,376
Liquidity: current ratio 0.39, cash €493, halved
lowers risk
Size: total assets €175,150
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 3% of them on solvency, 1% on liquidity, 17% on profitability and 38% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,796 companies had the same profile as MESPILUS has now. Each dot stands for 7 companies, two years later.

90.4%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a small loss

Another 1.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MESPILUS itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,796 companies, not a prediction for MESPILUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.39 (0.39 in 2024), below 1. Short-term debt is 147.6% and cash 0.3% of total assets. Equity is negative.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €175,150
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€83,376
NBB · annual accounts
raises risk · Liquidity: current ratio 0.39, cash €493, halved
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€83,376
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
39 days early
2023
on the day
2022
19 days early
2021
31 days late
2020
3 days early
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 8 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VO
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0876856640
Environmental permit granted Slopen van niet vrijstaande gebouwen of constructies · Sint-Niklaas
Company renamed from XARIA to MESPILUS Appointment: Van Oppens Wim (director) · Resignation: Maertens Luc (manager) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Incorporation published on 31-10-2005 · Gazette deed
All 31 events

Official details

Source: KBO
Status
Active since 21-10-2005Normal situation
Activity
“Bouwen -en verbouwen van onroerende goederen in de breedste zin van het woord” (deed in Dutch)From the articles, 13 activitiesNo NACE code in the KBO yet
Establishment unit
2.138.702.1249170 Sint-Gillis-Waas, since 01-10-2004
Financial year end
31 December
Peppol
Reachable since 22-12-2025
Company details

Annual accounts 2025

≈ €3,700estimated
€175,150▼ 1.6%
Filing
Filed on 29-07-2026, 2 days before the end of the filing period
Financials

Insights on MESPILUS

MESPILUS files the micro format. That format states no turnover. The gross margin fell from €11,589 in 2006 to €486 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MESPILUS

What is the company number of MESPILUS?
The company number of MESPILUS is 0876.856.640. The VAT number is the same number with BE in front: BE 0876.856.640.
Where is MESPILUS based?
The registered office is at Stationstraat 122, 9170 Sint-Gillis-Waas.Company details
What is the legal form of MESPILUS?
MESPILUS is a private limited company (BV).
When was MESPILUS founded?
MESPILUS was founded on 21-10-2005.
Is MESPILUS still active?
Yes, MESPILUS is an active enterprise in the KBO register.
What is the turnover of MESPILUS?
The turnover in financial year 2025 is ≈ €3,700. This figure is estimated from the gross margin of €486 and 6,304 comparable companies of the same size. It probably lies between €1,700 and €8,900. It is a rough estimate.Financials
Is MESPILUS profitable?
In financial year 2025, MESPILUS made a loss of €193.
Where can I find the annual accounts of MESPILUS?
MESPILUS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MESPILUS due?
MESPILUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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