Summary
MESTDAG is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €203,684 and a net result of €65,887. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 2469 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 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 30 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€203,684▼ 26.4%
2024 · €276,685
Net result
€65,887▼ 22.5%
2024 · €84,984
Total assets
€496,857▼ 2.6%
2024 · €509,940
Solvency
41.0%▼ 13.3pp
2024 · 54.3%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,702▲ 9.8%€107,161▲ 47.4%€100,019▼ 6.7%€116,425▲ 16.4%€87,156▼ 25.1%
Net result€58,976within the sector's middle half▲ 3.6%€71,787above the sector's middle half▲ 21.7%€73,800above the sector's middle half▲ 2.8%€84,984above the sector's middle half▲ 15.2%€65,887within the sector's middle half▼ 22.5%
Equity€46,115within the sector's middle half▲ 99.3%€117,902within the sector's middle half▲ 156%€191,701within the sector's middle half▲ 62.6%€276,685within the sector's middle half▲ 44.3%€203,684within the sector's middle half▼ 26.4%
Total assets€284,107within the sector's middle half▼ 19.4%€335,790within the sector's middle half▲ 18.2%€468,263within the sector's middle half▲ 39.5%€509,940within the sector's middle half▲ 8.9%€496,857within the sector's middle half▼ 2.6%
Debt€237,992▼ 27.7%€217,888▼ 8.4%€276,561▲ 26.9%€233,254▼ 15.7%€293,174▲ 25.7%
Working capital-€149,105below the sector's middle half▲ 35.9%-€124,161below the sector's middle half▲ 16.7%-€48,086below the sector's middle half▲ 61.3%-€80,829below the sector's middle half▼ 68.1%-€122,395below the sector's middle half▼ 51.4%
Solvency16.2%below the sector's middle half▲ 9.7pp35.1%within the sector's middle half▲ 18.9pp40.9%within the sector's middle half▲ 5.8pp54.3%within the sector's middle half▲ 13.3pp41.0%within the sector's middle half▼ 13.3pp
Current ratio0.01below the sector's middle half▼ 0.070.03below the sector's middle half▲ 0.010.56below the sector's middle half▲ 0.540.31below the sector's middle half▼ 0.260.41below the sector's middle half▲ 0.10
Return on assets (ROA)20.8%above the sector's middle half▲ 4.6pp21.4%above the sector's middle half▲ 0.6pp15.8%within the sector's middle half▼ 5.6pp16.7%within the sector's middle half▲ 0.9pp13.3%within the sector's middle half▼ 3.4pp
Staff (FTE)1.5▲ 50.0%1.3▼ 13.3%1▼ 23.1%1=1=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496,857
Fixed assets
€412,157 ▼ 13.1%
Current assets
€84,700 ▲ 138%
Equity and liabilities €496,857
Equity
€203,684 ▼ 26.4%
Debt
€293,174 ▲ 25.7%
Debt's share of the balance-sheet total rises from 45.7% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
32.3%▲
2024 · 30.7%
Debt ≤ 1 year
€207,096▲
2024 · €116,426
Debt > 1 year
€86,078▼
2024 · €116,829
Income taxes
€22,236▼
2024 · €25,521
Staff costs
€44,537▲
2024 · €42,562
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €55,875 | €46,373 | €39,033 | €42,562 | €44,537 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,754 | €52,266 | €54,194 | €71,704 | €69,422 | ▼ 3.2% |
| Other operating charges640/8 | €746 | - | €482 | €343 | €392 | ▲ 14.2% |
| Gross operating margin9900 | €182,076 | €205,801 | €193,728 | €231,035 | €201,506 | ▼ 12.8% |
| Operating profit (loss)9901 | €72,702 | €107,161 | €100,019 | €116,425 | €87,156 | ▼ 25.1% |
| Financial income75/76B | - | €1,320 | €2,647 | €4,559 | €8,297 | ▲ 82.0% |
| Recurring financial income75 | - | €1,320 | €2,647 | €4,559 | €8,297 | ▲ 82.0% |
| Financial charges65/66B | €5,883 | €9,864 | €7,501 | €10,480 | €7,329 | ▼ 30.1% |
| Recurring financial charges65 | €5,883 | €9,864 | €7,501 | €10,480 | €7,329 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €66,819 | €98,617 | €95,166 | €110,505 | €88,123 | ▼ 20.3% |
| Income taxes67/77 | €7,842 | €26,830 | €21,366 | €25,521 | €22,236 | ▼ 12.9% |
| Profit (loss) for the period9904 | €58,976 | €71,787 | €73,800 | €84,984 | €65,887 | ▼ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €58,976 | €71,787 | €73,800 | €84,984 | €65,887 | ▼ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €284,107 | €335,790 | €468,263 | €509,940 | €496,857 | ▼ 2.6% |
| Fixed assets21/28 | €281,914 | €332,308 | €406,047 | €474,343 | €412,157 | ▼ 13.1% |
| Intangible fixed assets21 | €260,553 | €213,396 | €290,701 | €225,681 | €160,662 | ▼ 28.8% |
| Tangible fixed assets22/27 | €21,311 | €18,862 | €15,296 | €8,612 | €11,445 | ▲ 32.9% |
| Plant, machinery and equipment23 | €17,637 | €12,637 | €13,631 | €7,834 | €11,445 | ▲ 46.1% |
| Furniture and vehicles24 | - | €2,552 | €1,665 | €778 | - | - |
| Assets under construction and advance payments27 | €3,674 | €3,674 | - | - | - | - |
| Financial fixed assets28 | €50 | €100,050 | €100,050 | €240,050 | €240,050 | = |
| Current assets29/58 | €2,193 | €3,481 | €62,216 | €35,597 | €84,700 | ▲ 138% |
| Amounts receivable within one year40/41 | €1,827 | €1,827 | €60,801 | €14,677 | €80,357 | ▲ 447% |
| Other amounts receivable41 | €1,827 | €1,827 | €60,801 | €14,677 | €80,357 | ▲ 447% |
| Cash at bank and in hand54/58 | - | - | - | - | €591 | - |
| Deferred charges and accrued income490/1 | €366 | €1,654 | €1,415 | €20,920 | €3,753 | ▼ 82.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €284,107 | €335,790 | €468,263 | €509,940 | €496,857 | ▼ 2.6% |
| Equity10/15 | €46,115 | €117,902 | €191,701 | €276,685 | €203,684 | ▼ 26.4% |
| Contributions10/11 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Reserves13 | €44,915 | €116,702 | €190,501 | €275,485 | €202,484 | ▼ 26.5% |
| Distributable reserves133 | €44,915 | €116,702 | €190,501 | €275,485 | €202,484 | ▼ 26.5% |
| Amounts payable17/49 | €237,992 | €217,888 | €276,561 | €233,254 | €293,174 | ▲ 25.7% |
| Amounts payable after more than one year17 | €86,694 | €90,245 | €166,260 | €116,829 | €86,078 | ▼ 26.3% |
| Financial debts170/4 | €86,694 | €90,245 | €166,260 | €116,829 | €86,078 | ▼ 26.3% |
| Amounts payable within one year42/48 | €151,298 | €127,643 | €110,302 | €116,426 | €207,096 | ▲ 77.9% |
| Current portion of amounts payable after more than one year42 | €61,600 | €72,626 | €68,992 | €83,235 | €60,422 | ▼ 27.4% |
| Financial debts43 | €17,272 | €24,330 | €23,210 | €24,513 | - | - |
| Credit institutions430/8 | €17,272 | €24,330 | €23,210 | €24,513 | - | - |
| Trade debts44 | €3,505 | €40 | €11,636 | €1,179 | €2,699 | ▲ 129% |
| Suppliers440/4 | €3,505 | €40 | €11,636 | €1,179 | €2,699 | ▲ 129% |
| Taxes, remuneration and social security45 | €12,291 | €7,613 | €6,463 | €7,499 | €30,085 | ▲ 301% |
| Taxes450/3 | €6,296 | €1,830 | €1,830 | - | €25,000 | - |
| Remuneration and social security454/9 | €5,996 | €5,783 | €4,633 | €7,499 | €5,085 | ▼ 32.2% |
| Other amounts payable47/48 | €56,630 | €23,033 | - | - | €113,889 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,976 | €71,787 | €73,800 | €84,984 | €65,887 | ▼ 22.5% |
| + Depreciation and write-downs630 | €52,754 | €52,266 | €54,194 | €71,704 | €69,422 | ▼ 3.2% |
| Operating cash flow (approximation) | €111,730 | €124,053 | €127,994 | €156,688 | €135,309 | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | -€102,661 | -€127,932 | -€140,000 | -€7,236 | ▲ 94.8% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2020net €84,984 ▲15.2%
Operating result €116,425, net result €84,984, both a record.
31-12
Financial
Equity above €200,000Eq €276,685 ▲44.3%
5 profitable years in a row build equity to €276,685.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150,000Eq €191,701 ▲62.6%
4 profitable years in a row build equity to €191,701.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €117,902 ▲156%
3 profitable years in a row build equity to €117,902.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mouscron · 1 establishment unit since 2020
Ground area
651 m²
Building footprint
1,115 m²
Volume, LiDAR
4,348 m³
Parcel 54436A0608/00W002, Wallonia · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MESTDAG
since 20202.305.853.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54436A0608/00W002 | Wallonia | 651 m² | 1 · 1,115 m² | 9.0 m · 1 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.
Similar companies · same sector, comparable size
HELIX Verzekeringen
BE 0475.369.284
Kortrijk · Eq €203,675
R.G.F. LOANS
BE 0544.890.372
Chaudfontaine · Eq €203,864
VP CONCEPT
BE 0667.973.573
Oudergem · Eq €204,283
FAVRIL ACCOUNTANCY
BE 0404.173.759
Herentals · Eq €203,059
AZV
BE 0425.646.787
Vilvoorde · Eq €204,318
Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,821 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
Founded13-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
E-mail
vincent@mestdag.pro
Phone
0475632396
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.