MESTDAGH en Zonen
ActiveSummary
MESTDAGH en Zonen has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €735k and a net result of €17k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-16
Solvency89▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.89 against 1.05 in 2024; short-term debt: 27.6% and cash: 18.8% of total assets), and 35.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
64.4%
Return on assets
1.5%
Age of the figures
9 mo
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
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 04-03-2026, 149 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
149 d early
2024
77 d early
2023
149 d early
2022
164 d early
2021
69 d early
2020
26 d late
2019
60 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€735k▼ 10.9%
2024 · €825k
2018: €292k
2019: €339k
2020: €444k
2021: €501k
2022: €705k
2023: €768k
2024: €825k
2018 → 2025
Total assets
€1.14M▼ 3.7%
2024 · €1.18M
2018: €639k
2019: €766k
2020: €832k
2021: €801k
2022: €1.09M
2023: €1.09M
2024: €1.18M
2018 → 2025
Net result
€17k▲ 32.4%
2024 · €13k
2018: €62k
2019: €49k
2020: €107k
2021: €59k
2022: €206k
2023: €263k
2024: €13k
2018 → 2025
Working capital
€-35k
2024 · €12k
2018: €-5k
2019: €-20k
2020: €-513
2021: €74k
2022: €125k
2023: €356k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€501k-€705k▲ 40.8%€768k▲ 9.0%€825k▲ 7.4%€735k▼ 10.9%
Operating result€86k-€283k▲ 231%€370k▲ 30.8%€32k▼ 91.4%€42k▲ 31.1%
Net result€59k-€206k▲ 248%€263k▲ 27.3%€13k▼ 95.0%€17k▲ 32.4%
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 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€862k ▼ 6.4%
Current assets
€280k ▲ 5.7%
Equity and liabilities €1.14M
Equity
€735k ▼ 10.9%
Debt
€406k ▲ 12.8%
Debt's share of the balance-sheet total rises from 30.4% to 35.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92k▼
2024 · €108k
Cash flow
€68k▼
2024 · €89k
Current ratio
0.89▼
2024 · 1.05
Quick ratio
0.78▼
2024 · 0.95
Debt to equity
0.55▲
2024 · 0.44
ROE
2.3%▲
2024 · 1.6%
ROA
1.5%▲
2024 · 1.1%
Interest coverage
4.04▼
2024 · 6.53
Debt ≤ 1 year
€315k▲
2024 · €253k
Debt > 1 year
€76k▼
2024 · €96k
Income taxes
€2k▼
2024 · €2k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€1.14M▼
Fixed assets21/28€920k€862k▼
Tangible fixed assets22/27€911k€852k▼
Land and buildings22€268k€255k▼
Plant, machinery and equipment23€48k€31k▼
Furniture and vehicles24€595k€566k▼
Financial fixed assets28€9k€9k=
Current assets29/58€265k€280k▲
Stocks and contracts in progress3€25k€35k▲
Stocks30/36€25k€35k▲
Amounts receivable within one year40/41€25k€21k▼
Trade receivables40€9k€21k▲
Other amounts receivable41€17k-
Cash at bank and in hand54/58€207k€215k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.14M▼
Equity10/15€825k€735k▼
Contributions10/11€25k€25k=
Reserves13€794k€705k▼
Tax-exempt reserves132€175k€175k=
Distributable reserves133€619k€530k▼
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€360k€406k▲
Amounts payable after more than one year17€96k€76k▼
Financial debts170/4€96k€76k▼
Amounts payable within one year42/48€253k€315k▲
Current portion of amounts payable after more than one year42€20k€20k=
Trade debts44€4k€136▼
Suppliers440/4€4k€136▼
Taxes, remuneration and social security45€4k€18k▲
Taxes450/3€4k€18k▲
Other amounts payable47/48€225k€277k▲
Accrued charges and deferred income492/3€11k€15k▲
Income statement
Code20242025
Non-recurring operating income76A€28k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€50k▼
Other operating charges640/8€10k€23k▲
Gross operating margin9900€118k€115k▼
Operating profit (loss)9901€32k€42k▲
Financial income75/76B€70€57▼
Recurring financial income75€70€57▼
Financial charges65/66B€17k€23k▲
Recurring financial charges65€17k€23k▲
Profit (loss) for the period before taxes9903€15k€19k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€13k€17k▲
Profit (loss) for the period to be appropriated9905€13k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€23k▲
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer from equity791/2-€107k
Transfer to equity691/2€13k€17k▲
To other reserves6921€13k€17k▲
Profit to be distributed694/7-€107k
Return on contributions (dividend)694-€107k
The notes to these accounts (10 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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼95%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €263k ▲27.3%
Operating result €370k, net result €263k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.32
Current ratio from 1.52 to 3.32; short-term debt falls from €241k to €153k.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €501k ▲12.8%
4 profitable years in a row build equity to €501k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 2 establishment units since 2010
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.
Oostrozebekestraat 1018760 TieltGround area
2,162 m²
Building footprint
892 m²
Volume, LiDAR
795 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MESTDAGH D
since 20102.184.288.164
MESTDAGH D
since 20242.360.101.951
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010D0141/00M000 | Flanders | 1,486 m² | 1 · 749 m² | 0.9 m |
| 37322D0388/00C004 | Flanders | 676 m² | 1 · 143 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 684 EUR awarded · 684 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 684 EUR | 684 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
N&D PROGRESS
BE 0678.861.626
Schaarbeek · Eq €735,296
JOBEL STEIGERS
BE 0842.757.576
Lokeren · Eq €735,364
Funktie en Dekoratie Systems
BE 0423.668.977
Gent · Eq €734,544
DC BUILDING
BE 0881.173.041
Antwerpen · Eq €736,225
MARX PROFIEL
BE 0443.222.001
Balen · Eq €732,651
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,831 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
Founded11-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43130Specialised construction activities
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.