MEULEMAN & ZONEN
ActiveSummary
MEULEMAN & ZONEN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €386k and a net result of €87k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+9
Solvency64▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.4 in 2023; short-term debt: 16.5% and cash: 3.9% of total assets), and 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
2 d early
2022
12 d early
2021
13 d early
2020
2 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€386k▲ 48.6%
2023 · €260k
2018: €131k
2019: €153k
2020: €193k
2021: €214k
2022: €239k
2023: €260k
2018 → 2024
Total assets
€1.00M▼ 15.4%
2023 · €1.18M
2018: €209k
2019: €543k
2020: €597k
2021: €609k
2022: €691k
2023: €1.18M
2018 → 2024
Net result
€87k▲ 315%
2023 · €21k
2018: €61k
2019: €22k
2020: €40k
2021: €21k
2022: €25k
2023: €21k
2018 → 2024
Working capital
€37k
2023 · €-244k
2018: €128k
2019: €21k
2020: €86k
2021: €103k
2022: €242k
2023: €-244k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€193k-€214k▲ 10.8%€239k▲ 11.7%€260k▲ 8.8%€386k▲ 48.6%
Operating result€54k-€30k▼ 44.3%€33k▲ 9.3%€40k▲ 21.9%€96k▲ 141%
Net result€40k-€21k▼ 47.6%€25k▲ 19.6%€21k▼ 16.3%€87k▲ 315%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 141% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.00M
Fixed assets
€800k ▼ 21.8%
Current assets
€202k ▲ 25.4%
Equity and liabilities €1.00M
Equity
€386k ▲ 48.6%
Debt
€616k ▼ 33.4%
Debt's share of the balance-sheet total falls from 78.1% to 61.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▲
2023 · €95k
Cash flow
€144k▲
2023 · €76k
Current ratio
1.22▲
2023 · 0.40
Quick ratio
1.19▲
2023 · 0.34
Debt to equity
1.60▼
2023 · 3.56
ROE
22.5%▲
2023 · 8.1%
ROA
8.7%▲
2023 · 1.8%
Interest coverage
7.18▲
2023 · 5.96
Debt ≤ 1 year
€165k▼
2023 · €405k
Debt > 1 year
€451k▼
2023 · €520k
Income taxes
€17k▲
2023 · €4k
Staff costs
€48k▼
2023 · €80k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.18M€1.00M▼
Fixed assets21/28€1.02M€800k▼
Tangible fixed assets22/27€831k€799k▼
Land and buildings22€361k€729k▲
Plant, machinery and equipment23€46k€41k▼
Furniture and vehicles24€22k€13k▼
Other tangible fixed assets26€6k€16k▲
Assets under construction and advance payments27€397k-
Financial fixed assets28€192k€1k▼
Current assets29/58€161k€202k▲
Stocks and contracts in progress3€24k€5k▼
Stocks30/36€24k€5k▼
Amounts receivable within one year40/41€95k€149k▲
Trade receivables40€52k€101k▲
Other amounts receivable41€43k€48k▲
Cash at bank and in hand54/58€37k€39k▲
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.00M▼
Equity10/15€260k€386k▲
Contributions10/11€6k€6k=
Reserves13€254k€380k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€58k▲
Distributable reserves133€233k€320k▲
Amounts payable17/49€925k€616k▼
Amounts payable after more than one year17€520k€451k▼
Financial debts170/4€520k€451k▼
Amounts payable within one year42/48€405k€165k▼
Current portion of amounts payable after more than one year42€106k€69k▼
Trade debts44€53k€10k▼
Suppliers440/4€53k€10k▼
Taxes, remuneration and social security45€8k€70k▲
Taxes450/3€4k€70k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48€237k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€80k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€57k▲
Other operating charges640/8€6k€10k▲
Gross operating margin9900€181k€211k▲
Operating profit (loss)9901€40k€96k▲
Financial income75/76B€966€30k▲
Recurring financial income75€966€2k▲
Non-recurring financial income76B-€28k
Financial charges65/66B€16k€23k▲
Recurring financial charges65€16k€21k▲
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€25k€104k▲
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€21k€87k▲
Profit (loss) for the period to be appropriated9905€21k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€87k▲
Transfer to equity691/2€21k€87k▲
To other reserves6921€21k€87k▲
Social balance
Average headcount (FTE)90871.30.7▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €87k ▲315%
Operating result €96k, net result €87k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.40 to 1.22; short-term debt falls from €405k to €165k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €21k ▼47.6%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €214k ▲10.8%
4 profitable years in a row build equity to €214k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €153k ▲16.4%
2 profitable years in a row build equity to €153k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koekelare · 1 establishment unit since 2016
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.
Dweersstraat 28680 KoekelareGround area
264 m²
Building footprint
133 m²
Volume, LiDAR
588 m³
Parcel 35025A0087/00K000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MEULEMAN & ZONEN
since 20162.250.354.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35025A0087/00K000 | Flanders | 264 m² | 1 · 133 m² | 10.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2023 · 2 entries · 354 EUR awarded · 354 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 243 EUR | 243 EUR |
| 2022 | 1 | 111 EUR | 111 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,002 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
Founded04-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
43990Other specialised construction activities
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.