MESTAN
ActiveSummary
The computed 12-month bankruptcy probability of MESTAN is 3.1% (moderate). The 2025 annual accounts show equity of €18k and a net result of €352. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 18280 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-35
Solvency86▲+38
Growth52=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 1.27 in 2024; short-term debt: 38.7% and cash: 0.2% of total assets), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
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
61.3%
Return on assets
1.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▲ 1.9%
2024 · €18k
2022: €13k
2023: €18k
2024: €18k
2022 → 2025
Total assets
€30k▼ 61.1%
2024 · €77k
2022: €195k
2023: €199k
2024: €77k
2022 → 2025
Net result
€352▲ 4,245%
2024 · €8
2022: €4k
2023: €6k
2024: €8
2022 → 2025
Working capital
€18k▲ 17.4%
2024 · €16k
2022: €-954
2023: €10k
2024: €16k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€13k-€18k▲ 37.9%€18k=€18k▲ 1.9%
Operating result€2k-€10k▲ 312%€1k▼ 87.3%€2k▲ 32.7%
Net result€4k-€6k▲ 47.9%€8▼ 99.9%€352▲ 4,245%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30k
Equity
€18k ▲ 1.9%
Debt
€12k ▼ 80.3%
Debt's share of the balance-sheet total falls from 76.6% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €7k
Cash flow
€352▼
2024 · €6k
Current ratio
2.58▲
2024 · 1.27
Debt to equity
0.63▼
2024 · 3.27
ROE
1.9%▲
2024 · 0.0%
ROA
1.2%▲
2024 · 0.0%
Interest coverage
1.43▼
2024 · 5.78
Debt ≤ 1 year
€12k▼
2024 · €59k
Income taxes
€147▲
2024 · €19
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€30k▼
Fixed assets21/28€2k€0▼
Tangible fixed assets22/27€2k€0▼
Furniture and vehicles24€2k€0▼
Current assets29/58€75k€30k▼
Stocks and contracts in progress3€62k€0▼
Stocks30/36€62k€0▼
Amounts receivable within one year40/41€13k€30k▲
Trade receivables40€13k€22k▲
Other amounts receivable41-€8k
Cash at bank and in hand54/58-€46
Equity and liabilities
Total equity and liabilities10/49€77k€30k▼
Equity10/15€18k€18k▲
Contributions10/11€10k€10k=
Reserves13€8k€8k▲
Distributable reserves133€8k€8k▲
Amounts payable17/49€59k€12k▼
Amounts payable within one year42/48€59k€12k▼
Financial debts43€10k€0▼
Credit institutions430/8€10k€0▼
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€15k€6k▼
Taxes450/3€15k€6k▼
Other amounts payable47/48€34k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€0▼
Other operating charges640/8€231€646▲
Gross operating margin9900€7k€2k▼
Operating profit (loss)9901€1k€2k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€27€498▲
Income taxes67/77€19€147▲
Profit (loss) for the period9904€8€352▲
Profit (loss) for the period to be appropriated9905€8€352▲
Appropriation of the result
Profit (loss) to be appropriated9906€8€352▲
Transfer to equity691/2€8€352▲
To other reserves6921€8€352▲
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity doublescurrent ratio 2.58
Current ratio from 1.27 to 2.58; short-term debt falls from €59k to €12k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €8 ▼99.9%
Net result drops to €8, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2022net €6k ▲47.9%
Operating result €10k, net result €6k, both a record.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2021
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.
Overwinningsstraat 481060 Sint-Gillis (bij-Brussel)Ground area
145 m²
Building footprint
92 m²
Volume, LiDAR
1,452 m³
Parcel 21013B0115/00L002, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MESTAN SRL
since 20212.315.821.352
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0115/00L002 | Brussels | 145 m² | 1 · 92 m² | 19.9 m · 5 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.
Similar companies · same sector, comparable size
GINGER G
BE 0772.321.027
Brussel · Eq €18,425
FOOD ITALY
BE 0649.680.759
Clavier · Eq €18,412
DE RATTERY
BE 0867.683.707
Bilzen-Hoeselt · Eq €18,407
BEL-ICIOUS
BE 0782.757.237
Brussel · Eq €18,447
ORIENT PLUS
BE 0544.980.840
Liège · Eq €18,451
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,079 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2021
Fiscal year end30-09
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
52249Warehousing and support activities for transportation
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.