MEUH
ActiveSummary
MEUH has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,105 and a net result of €3,982. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+12
Solvency82▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 1.89 in 2024; short-term debt: 22.3% and cash: 14.5% of total assets), and 42.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
57.5%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
59 d late
2023
21 d late
2022
4 d early
2021
7 d early
2020
23 d late
2019
7 d 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 22 August (4 of the last 5 filed years within 30 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,982
2024 · -€5,842
Working capital
€74,989▲ 15.6%
2024 · €64,872
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€76,535▲ 36.7%€72,743▼ 5.0%€10,351▼ 85.8%-€3,852€7,517
Net result€51,601above the sector's middle half▲ 33.2%€53,897above the sector's middle half▲ 4.5%€6,434within the sector's middle half▼ 88.1%-€5,842within the sector's middle half€3,982within the sector's middle half
Equity€132,634within the sector's middle half▲ 63.7%€98,531within the sector's middle half▼ 25.7%€104,965within the sector's middle half▲ 6.5%€99,123within the sector's middle half▼ 5.6%€103,105within the sector's middle half▲ 4.0%
Total assets€166,022within the sector's middle half▲ 53.2%€169,137within the sector's middle half▲ 1.9%€140,716below the sector's middle half▼ 16.8%€221,793below the sector's middle half▲ 57.6%€179,318below the sector's middle half▼ 19.2%
Debt€33,388▲ 22.1%€70,606▲ 111%€35,750▼ 49.4%€122,670▲ 243%€76,213▼ 37.9%
Working capital€124,927above the sector's middle half▲ 75.3%€92,669within the sector's middle half▼ 25.8%€81,189within the sector's middle half▼ 12.4%€64,872within the sector's middle half▼ 20.1%€74,989within the sector's middle half▲ 15.6%
Solvency79.9%above the sector's middle half▲ 5.1pp58.3%within the sector's middle half▼ 21.6pp74.6%above the sector's middle half▲ 16.3pp44.7%within the sector's middle half▼ 29.9pp57.5%within the sector's middle half▲ 12.8pp
Current ratio4.74above the sector's middle half▲ 1.142.31within the sector's middle half▼ 2.433.51above the sector's middle half▲ 1.201.89within the sector's middle half▼ 1.632.87above the sector's middle half▲ 0.99
Return on assets (ROA)31.1%above the sector's middle half▼ 4.7pp31.9%above the sector's middle half▲ 0.8pp4.6%within the sector's middle half▼ 27.3pp-2.6%below the sector's middle half▼ 7.2pp2.2%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,517 after a loss of €3,852 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,318
Fixed assets
€64,317 ▼ 23.4%
Current assets
€115,001 ▼ 16.6%
Equity and liabilities €179,318
Equity
€103,105 ▲ 4.0%
Debt
€76,213 ▼ 37.9%
Debt's share of the balance-sheet total falls from 55.3% to 42.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,162▲
2024 · €10,327
Cash flow
€23,626▲
2024 · €8,336
Debt to equity
0.74▼
2024 · 1.24
ROE
3.9%▲
2024 · -5.9%
Interest coverage
11.44▲
2024 · 5.35
Debt ≤ 1 year
€40,012▼
2024 · €72,960
Debt > 1 year
€36,201▼
2024 · €49,710
Income taxes
€1,161▲
2024 · €125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,059 | €1,845 | €5,421 | €14,179 | €19,644 | ▲ 38.5% |
| Other operating charges640/8 | €402 | €405 | €384 | €480 | €2,448 | ▲ 410% |
| Non-recurring operating charges66A | - | - | €3,000 | - | - | - |
| Gross operating margin9900 | €78,997 | €74,992 | €19,157 | €10,807 | €29,610 | ▲ 174% |
| Operating profit (loss)9901 | €76,535 | €72,743 | €10,351 | -€3,852 | €7,517 | ▲ 295% |
| Financial income75/76B | - | - | €57 | €64 | €0 | ▼ 99.7% |
| Recurring financial income75 | - | - | €57 | €64 | €0 | ▼ 99.7% |
| Financial charges65/66B | €115 | €224 | €693 | €1,930 | €2,375 | ▲ 23.1% |
| Recurring financial charges65 | €115 | €224 | €693 | €1,930 | €2,375 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €76,420 | €72,519 | €9,715 | -€5,717 | €5,143 | ▲ 190% |
| Income taxes67/77 | €24,820 | €18,622 | €3,281 | €125 | €1,161 | ▲ 827% |
| Profit (loss) for the period9904 | €51,601 | €53,897 | €6,434 | -€5,842 | €3,982 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €51,601 | €53,897 | €6,434 | -€5,842 | €3,982 | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,022 | €169,137 | €140,716 | €221,793 | €179,318 | ▼ 19.2% |
| Fixed assets21/28 | €7,707 | €5,862 | €27,234 | €83,961 | €64,317 | ▼ 23.4% |
| Tangible fixed assets22/27 | €6,183 | €4,338 | €25,710 | €82,437 | €62,793 | ▼ 23.8% |
| Plant, machinery and equipment23 | €2,463 | €1,678 | €24,110 | €20,819 | €15,528 | ▼ 25.4% |
| Furniture and vehicles24 | - | - | - | €61,078 | €47,265 | ▼ 22.6% |
| Other tangible fixed assets26 | €3,720 | €2,660 | €1,600 | €540 | - | - |
| Financial fixed assets28 | €1,524 | €1,524 | €1,524 | €1,524 | €1,524 | = |
| Current assets29/58 | €158,315 | €163,275 | €113,481 | €137,832 | €115,001 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €34,245 | €57,900 | €106,384 | €89,850 | €87,671 | ▼ 2.4% |
| Trade receivables40 | €28,191 | €51,846 | €79,101 | €54,950 | €57,689 | ▲ 5.0% |
| Other amounts receivable41 | €6,054 | €6,054 | €27,283 | €34,900 | €29,981 | ▼ 14.1% |
| Cash at bank and in hand54/58 | €124,071 | €105,375 | €7,097 | €40,761 | €26,004 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | - | - | €7,221 | €1,326 | ▼ 81.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,022 | €169,137 | €140,716 | €221,793 | €179,318 | ▼ 19.2% |
| Equity10/15 | €132,634 | €98,531 | €104,965 | €99,123 | €103,105 | ▲ 4.0% |
| Contributions10/11 | €35,875 | €875 | €875 | €875 | €875 | = |
| Reserves13 | €92,588 | €92,588 | €98,588 | €98,588 | €102,188 | ▲ 3.7% |
| Non-distributable reserves130/1 | €3,588 | - | - | - | - | - |
| Reserves not available under the articles1311 | €3,588 | - | - | - | - | - |
| Distributable reserves133 | €89,000 | €92,588 | €98,588 | €98,588 | €102,188 | ▲ 3.7% |
| Profit (loss) carried forward14 | €4,171 | €5,068 | €5,502 | -€340 | €42 | ▲ 112% |
| Amounts payable17/49 | €33,388 | €70,606 | €35,750 | €122,670 | €76,213 | ▼ 37.9% |
| Amounts payable after more than one year17 | - | - | €3,458 | €49,710 | €36,201 | ▼ 27.2% |
| Financial debts170/4 | - | - | €3,458 | €49,710 | €36,201 | ▼ 27.2% |
| Amounts payable within one year42/48 | €33,388 | €70,606 | €32,292 | €72,960 | €40,012 | ▼ 45.2% |
| Current portion of amounts payable after more than one year42 | - | - | €10,072 | €16,445 | €13,509 | ▼ 17.8% |
| Trade debts44 | - | €2,933 | €4,344 | €34,580 | - | - |
| Suppliers440/4 | - | €2,933 | €4,344 | €34,580 | - | - |
| Taxes, remuneration and social security45 | €33,388 | €14,673 | €9,636 | €6,695 | €4,078 | ▼ 39.1% |
| Taxes450/3 | €33,388 | €14,673 | €9,246 | €6,695 | €903 | ▼ 86.5% |
| Remuneration and social security454/9 | - | - | €390 | - | €3,175 | - |
| Other amounts payable47/48 | - | €53,000 | €8,241 | €15,241 | €22,424 | ▲ 47.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,601 | €53,897 | €6,434 | -€5,842 | €3,982 | ▲ 168% |
| + Depreciation and write-downs630 | €2,059 | €1,845 | €5,421 | €14,179 | €19,644 | ▲ 38.5% |
| Operating cash flow (approximation) | €53,659 | €55,742 | €11,856 | €8,336 | €23,626 | ▲ 183% |
| Investment in fixed assets (approximation) | - | €0 | -€26,794 | -€70,905 | €0 | ▲ 100% |
| Change in cash | - | -€18,696 | -€98,278 | €33,664 | -€14,757 | ▼ 144% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €3,982
Net result €3,982 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €103,105 ▲4%
Equity rises from €99,123 to €103,105.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet -€5,842
Net result drops to -€5,842, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Equity above €100,000Eq €104,965 ▲6.5%
4 profitable years in a row build equity to €104,965.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €53,897 ▲4.5%
Net result €53,897, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €132,634 ▲63.7%
2 profitable years in a row build equity to €132,634.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Show earlier events
2020
31-12
Financial
Back to profitnet €38,730
Net result €38,730 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Marche-en-Famenne · 1 establishment unit since 1996
Ground area
306 m²
Building footprint
107 m²
Parcel 83034A0482/00X000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MEUH
since 19962.077.585.293
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034A0482/00X000 | Wallonia | 306 m² | 1 · 107 m² | - |
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 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,710 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
Founded31-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
42130Civil engineering
43120Site preparation
43230Insulation installation
56111Full-service restaurants
56210Event catering
Contact
Phone
0478346942Marche-en-Famenne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458291445
Registered
01-06-2026
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.