MESTDAGH

Active

Private limited companyfounded 2011active for 15 yearsKoning Boudewijnlaan 3, 8880 Ledegem, BelgiumKBO/BCE: BE 0836.496.227

Summary

MESTDAGH has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,204 and a net result of €36,601. Equity is growing by about 33% per year across the filed financial years. Its solvency ranks better than 28% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

MESTDAGHActiveChecked score 85/100

Risk analysis Report Compare

Activity

Joinery installation

NACE 43320Machining of metals NACE 25530

3 sites

Size

€1.1mtotal assets 2025

Staff: 2.5 FTE
Equity: €285,204
Profit: €36,601

Turnover not published (micro format)

Financial health

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

2025 accounts 36 days early3 deeds in the Belgian Official Gazette

Why 85raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.30, cash €20,303, halvedlowers riskSize: total assets €1.1mFounded in 2011Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 40% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 52+6

equity 27.0% of total assets

Liquidity 38-4

short-term debt 33.2% · cash 1.9%

Profitability 73+4

return on assets 3.5%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024highest value 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.2%▼ -0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.3%▲ +0.1 percentage points vs 09-2026

Credit of up to €24,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.3, compared with 0.6 in 2024, below 1; short-term debt: 33.2% and cash: 1.9% of total assets), and 73% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 29% on solvency, 26% on liquidity, 44% on profitability and 62% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

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

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €1.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 0.30, cash €20,303, halved

NBB · annual accounts

Founded in 2011

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

36 days early

2024

32 days early

2023

42 days early

2022

40 days early

2021

42 days early

2020

6 days early

2019

3 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 22 December (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end24-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

26-12-2025 Annual accounts filedfinancial year 2025 · micro…
30-12-2024 Annual accounts filedfinancial year 2024 · micro…
20-12-2023 Annual accounts filedfinancial year 2023 · micro…

Key points

Positive: Among the best 10% on equitysector median €57,779 · 34,690 companies €285,204 View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
Positive: 6 profitable years in a rowprofit 2025: €36,601 6 years View

By topic

Financials

Financial year: 2025
Total assets: €1.1m
Profit: €36,601
Solvency: 27.0%

Total assets▼ 9.4%

Net result

20192025

Go to Financials

Timeline

Events: 12
Since: 2019
Next accounts: by 31-01-2027

30-06-2023Highest result from 2019 to 2025
30-06-2023Equity above €200,000
22-12-2022Annual accounts filed

Go to Timeline

Company details

Sites: 3

Legal form: Private limited company
Activity: Joinery installationNACE 43320
Founded: 03-05-2011
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MESTDAGH

What is the company number of MESTDAGH?: 0836.496.227. In Belgium the VAT number is the company number with BE in front: BE 0836.496.227.
Where is MESTDAGH based?: The registered office is at Koning Boudewijnlaan 3, 8880 Ledegem.Company details
What does MESTDAGH do?: According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of MESTDAGH?: Private limited company (BV).
When was MESTDAGH founded?: On 03-05-2011.
Is MESTDAGH still active?: Yes, MESTDAGH is an active enterprise in the KBO register.
How many employees does MESTDAGH have?: On average 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MESTDAGH?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MESTDAGH profitable?: In financial year 2025, MESTDAGH made a profit of €36,601.
Where can I find the annual accounts of MESTDAGH?: MESTDAGH filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MESTDAGH due?: By 31-01-2027, for financial year 2026.Timeline