Summary
MeuDec 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 €466,358 and a net result of €365,724. Equity is growing by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 5585 sector peers (fiscal year 2025). The company has been active since 2015 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
78 d early
2023
27 d late
2022
17 d early
2021
22 d late
2020
30 d late
2019
31 d early
← 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 10 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 14 July (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€466,358▼ 9.8%
2024 · €517,224
Net result
€365,724▲ 155%
2024 · €143,248
Total assets
€1.3m▲ 83.6%
2024 · €716,595
Solvency
35.4%▼ 36.7pp
2024 · 72.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100,500▲ 87.5%€65,769▼ 34.6%€90,154▲ 37.1%€178,996▲ 98.5%€475,113▲ 165%
Net result€83,406within the sector's middle half▲ 109%€49,222within the sector's middle half▼ 41.0%€71,084within the sector's middle half▲ 44.4%€143,248within the sector's middle half▲ 102%€365,724above the sector's middle half▲ 155%
Equity€178,603within the sector's middle half▲ 84.5%€226,224within the sector's middle half▲ 26.7%€295,642within the sector's middle half▲ 30.7%€517,224within the sector's middle half▲ 74.9%€466,358within the sector's middle half▼ 9.8%
Total assets€529,329below the sector's middle half▲ 52.2%€584,703below the sector's middle half▲ 10.5%€669,257within the sector's middle half▲ 14.5%€716,595within the sector's middle half▲ 7.1%€1.3mwithin the sector's middle half▲ 83.6%
Debt€350,726▲ 39.8%€358,478▲ 2.2%€373,615▲ 4.2%€199,370▼ 46.6%€849,471▲ 326%
Working capital€166,513within the sector's middle half▲ 115%€211,912within the sector's middle half▲ 27.3%€271,387within the sector's middle half▲ 28.1%€494,113above the sector's middle half▲ 82.1%€277,971within the sector's middle half▼ 43.7%
Solvency33.7%within the sector's middle half▲ 5.9pp38.7%within the sector's middle half▲ 4.9pp44.2%within the sector's middle half▲ 5.5pp72.2%within the sector's middle half▲ 28.0pp35.4%within the sector's middle half▼ 36.7pp
Current ratio1.60within the sector's middle half▲ 0.251.69within the sector's middle half▲ 0.091.79within the sector's middle half▲ 0.103.64above the sector's middle half▲ 1.861.33within the sector's middle half▼ 2.32
Return on assets (ROA)15.8%above the sector's middle half▲ 4.3pp8.4%within the sector's middle half▼ 7.3pp10.6%within the sector's middle half▲ 2.2pp20.0%above the sector's middle half▲ 9.4pp27.8%above the sector's middle half▲ 7.8pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 165% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€188,387 ▲ 431%
Current assets
€1.1m ▲ 65.5%
Equity and liabilities €1.3m
Equity
€466,358 ▼ 9.8%
Debt
€849,471 ▲ 326%
Debt's share of the balance-sheet total rises from 27.8% to 64.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
78.4%▲
2024 · 27.7%
Debt ≤ 1 year
€849,471▲
2024 · €186,974
Debt > 1 year
€0▼
2024 · €12,396
Income taxes
€126,584▲
2024 · €46,619
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €26,647 | €0 | - | - | €462,614 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,633 | €19,321 | €19,821 | €21,046 | €34,933 | ▲ 66.0% |
| Other operating charges640/8 | €2,492 | €4,631 | €1,930 | €2,022 | €11,629 | ▲ 475% |
| Non-recurring operating charges66A | €62 | €0 | - | - | - | - |
| Gross operating margin9900 | €111,687 | €89,720 | €111,905 | €202,065 | €521,676 | ▲ 158% |
| Operating profit (loss)9901 | €100,500 | €65,769 | €90,154 | €178,996 | €475,113 | ▲ 165% |
| Financial income75/76B | €9,876 | €11,139 | €15,795 | €19,756 | €17,754 | ▼ 10.1% |
| Recurring financial income75 | €9,876 | €11,139 | €15,795 | €19,756 | €17,754 | ▼ 10.1% |
| Financial charges65/66B | €6,928 | €7,720 | €8,865 | €8,884 | €560 | ▼ 93.7% |
| Recurring financial charges65 | €6,928 | €7,720 | €8,865 | €8,884 | €560 | ▼ 93.7% |
| Profit (loss) for the period before taxes9903 | €103,447 | €69,187 | €97,084 | €189,868 | €492,308 | ▲ 159% |
| Income taxes67/77 | €20,041 | €19,965 | €26,000 | €46,619 | €126,584 | ▲ 172% |
| Profit (loss) for the period9904 | €83,406 | €49,222 | €71,084 | €143,248 | €365,724 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €83,406 | €49,222 | €71,084 | €143,248 | €365,724 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €529,329 | €584,703 | €669,257 | €716,595 | €1.3m | ▲ 83.6% |
| Fixed assets21/28 | €83,427 | €64,107 | €53,194 | €35,508 | €188,387 | ▲ 431% |
| Tangible fixed assets22/27 | €83,427 | €64,107 | €53,194 | €35,508 | €188,387 | ▲ 431% |
| Land and buildings22 | - | - | - | - | €107,189 | - |
| Plant, machinery and equipment23 | - | - | €3,406 | €6,131 | €5,449 | ▼ 11.1% |
| Furniture and vehicles24 | €83,427 | €64,107 | €49,788 | €29,377 | €75,749 | ▲ 158% |
| Current assets29/58 | €445,901 | €520,596 | €616,062 | €681,087 | €1.1m | ▲ 65.5% |
| Amounts receivable within one year40/41 | €402,932 | €511,421 | €608,033 | €623,921 | €25,416 | ▼ 95.9% |
| Trade receivables40 | €9,075 | €9,290 | €9,075 | €12,450 | €0 | ▼ 100% |
| Other amounts receivable41 | €393,857 | €502,130 | €598,958 | €611,471 | €25,416 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €40,665 | €4,972 | €3,872 | €52,871 | €1.1m | ▲ 1,979% |
| Deferred charges and accrued income490/1 | €2,304 | €4,203 | €4,158 | €4,295 | €2,819 | ▼ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €529,329 | €584,703 | €669,257 | €716,595 | €1.3m | ▲ 83.6% |
| Equity10/15 | €178,603 | €226,224 | €295,642 | €517,224 | €466,358 | ▼ 9.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €100,000 | €114,928 | ▲ 14.9% |
| Reserves13 | €158,603 | €206,224 | €275,642 | €417,224 | €351,430 | ▼ 15.8% |
| Non-distributable reserves130/1 | €10,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €40,455 | - |
| Distributable reserves133 | €148,603 | €206,224 | €275,642 | €417,224 | €310,975 | ▼ 25.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €350,726 | €358,478 | €373,615 | €199,370 | €849,471 | ▲ 326% |
| Amounts payable after more than one year17 | €70,447 | €49,747 | €28,939 | €12,396 | €0 | ▼ 100% |
| Financial debts170/4 | €70,447 | €49,747 | €28,939 | €12,396 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €279,388 | €308,684 | €344,676 | €186,974 | €849,471 | ▲ 354% |
| Current portion of amounts payable after more than one year42 | €20,592 | €20,700 | €20,808 | €16,543 | €12,396 | ▼ 25.1% |
| Trade debts44 | €22,077 | €15,268 | €14,967 | €5,320 | €17,870 | ▲ 236% |
| Suppliers440/4 | €22,077 | €15,268 | €14,967 | €5,320 | €17,870 | ▲ 236% |
| Taxes, remuneration and social security45 | €12,841 | €14,265 | €13,235 | €11,420 | €5,576 | ▼ 51.2% |
| Taxes450/3 | €12,841 | €14,265 | €10,435 | €11,420 | €5,576 | ▼ 51.2% |
| Remuneration and social security454/9 | - | - | €2,800 | €0 | - | - |
| Other amounts payable47/48 | €223,878 | €258,452 | €295,666 | €153,691 | €813,629 | ▲ 429% |
| Accrued charges and deferred income492/3 | €891 | €48 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,406 | €49,222 | €71,084 | €143,248 | €365,724 | ▲ 155% |
| + Depreciation and write-downs630 | €8,633 | €19,321 | €19,821 | €21,046 | €34,933 | ▲ 66.0% |
| Operating cash flow (approximation) | €92,039 | €68,542 | €90,905 | €164,295 | €400,657 | ▲ 144% |
| Investment in fixed assets (approximation) | - | €0 | -€8,909 | -€3,360 | -€187,812 | ▼ 5,490% |
| Change in cash | - | -€35,693 | -€1,100 | €48,999 | €1.0m | ▲ 2,035% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €365,724 ▲155%
Operating result €475,113, net result €365,724, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.64
Current ratio from 1.79 to 3.64; short-term debt falls from €344,676 to €186,974.
31-12
Financial
Equity above €500,000Eq €517,224 ▲74.9%
7 profitable years in a row build equity to €517,224.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €226,224 ▲26.7%
5 profitable years in a row build equity to €226,224.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Equity above €150,000Eq €178,603 ▲84.5%
4 profitable years in a row build equity to €178,603.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Roeselare · 1 establishment unit since 2015
Ground area
5,385 m²
Building footprint
807 m²
Volume, LiDAR
6,391 m³
Parcel 36302B0005/00V000, Flanders · tallest building 23.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MeuDec
since 20152.242.456.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0005/00V000 | Flanders | 5,385 m² | 1 · 807 m² | 23.4 m · 2 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,658 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
Founded16-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628658285
Also
9925:BE0628658285
Registered
17-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.