Meulmeester
ActiveSummary
Meulmeester has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €31k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-16
Solvency92▼-3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 3.29 in 2024; short-term debt: 32.9% and cash: 57.9% of total assets), and 33% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
67%
Return on assets
9.7%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
29 d late
2023
28 d late
2022
30 d late
2021
26 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€215k▼ 3.6%
2024 · €223k
Total assets
€320k▲ 0.5%
2024 · €319k
Net result
€31k▼ 57.6%
2024 · €73k
Working capital
€213k▼ 2.9%
2024 · €219k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€117k-€94k▼ 20.1%€90k▼ 3.7%€95k▲ 5.5%€45k▼ 52.4%
Net result€81k-€68k▼ 16.3%€63k▼ 7.3%€73k▲ 16.3%€31k▼ 57.6%
Equity€84k-€152k▲ 80.7%€215k▲ 41.4%€223k▲ 3.8%€215k▼ 3.6%
Total assets€134k-€219k▲ 63.8%€288k▲ 31.7%€319k▲ 10.5%€320k▲ 0.5%
Debt€50k-€67k▲ 35.2%€74k▲ 9.9%€96k▲ 30.3%€106k▲ 10.0%
Working capital€83k-€145k▲ 73.7%€211k▲ 45.8%€219k▲ 3.7%€213k▼ 2.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€2k ▼ 51.7%
Current assets
€318k ▲ 1.1%
Equity and liabilities €320k
Equity
€215k ▼ 3.6%
Debt
€106k ▲ 10.0%
Debt's share of the balance-sheet total rises from 30.1% to 33.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▼
2024 · €99k
Cash flow
€33k▼
2024 · €77k
Current ratio
3.02▼
2024 · 3.29
Debt to equity
0.49▲
2024 · 0.43
ROE
14.4%▼
2024 · 32.8%
ROA
9.7%▼
2024 · 22.9%
Interest coverage
10.23▼
2024 · 34.87
Debt ≤ 1 year
€106k▲
2024 · €96k
Income taxes
€10k▼
2024 · €20k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €669 | €3k | €4k | €4k | €2k | ▼ 51.3% |
| Other operating charges640/8 | €151 | €995 | €3k | €2k | €3k | ▲ 59.4% |
| Gross operating margin9900 | €118k | €98k | €97k | €101k | €50k | ▼ 50.5% |
| Operating profit (loss)9901 | €117k | €94k | €90k | €95k | €45k | ▼ 52.4% |
| Financial income75/76B | €379 | €773 | €545 | €439 | €0 | ▼ 100% |
| Recurring financial income75 | €379 | €773 | €545 | €439 | €0 | ▼ 100% |
| Financial charges65/66B | €3k | €2k | €3k | €3k | €5k | ▲ 62.5% |
| Recurring financial charges65 | €3k | €2k | €3k | €3k | €5k | ▲ 62.5% |
| Profit (loss) for the period before taxes9903 | €115k | €93k | €88k | €93k | €41k | ▼ 56.1% |
| Income taxes67/77 | €34k | €25k | €25k | €20k | €10k | ▼ 50.5% |
| Profit (loss) for the period9904 | €81k | €68k | €63k | €73k | €31k | ▼ 57.6% |
| Profit (loss) for the period to be appropriated9905 | €81k | €68k | €63k | €73k | €31k | ▼ 57.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134k | €219k | €288k | €319k | €320k | ▲ 0.5% |
| Fixed assets21/28 | €6k | €7k | €3k | €4k | €2k | ▼ 51.7% |
| Tangible fixed assets22/27 | €6k | €7k | €3k | €4k | €2k | ▼ 51.7% |
| Plant, machinery and equipment23 | - | €2k | €1k | €1k | €623 | ▼ 51.6% |
| Furniture and vehicles24 | €6k | €5k | €2k | €3k | €1k | ▼ 51.7% |
| Current assets29/58 | €127k | €212k | €285k | €315k | €318k | ▲ 1.1% |
| Amounts receivable within one year40/41 | €9k | €16k | €17k | €39k | €65k | ▲ 66.9% |
| Trade receivables40 | €2k | €605 | €108 | €898 | €35k | ▲ 3,769% |
| Other amounts receivable41 | €6k | €15k | €16k | €38k | €30k | ▼ 20.4% |
| Current investments50/53 | - | - | - | - | €26k | - |
| Cash at bank and in hand54/58 | €119k | €196k | €251k | €259k | €185k | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | - | €18k | €17k | €42k | ▲ 153% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134k | €219k | €288k | €319k | €320k | ▲ 0.5% |
| Equity10/15 | €84k | €152k | €215k | €223k | €215k | ▼ 3.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €81k | €149k | €212k | €220k | €212k | ▼ 3.7% |
| Distributable reserves133 | €81k | €149k | €212k | €220k | €212k | ▼ 3.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €50k | €67k | €74k | €96k | €106k | ▲ 10.0% |
| Amounts payable within one year42/48 | €44k | €67k | €74k | €96k | €106k | ▲ 10.3% |
| Trade debts44 | €9k | €5k | €20k | €4k | €31k | ▲ 750% |
| Suppliers440/4 | €9k | €5k | €20k | €4k | €31k | ▲ 750% |
| Taxes, remuneration and social security45 | €35k | €62k | €54k | €27k | €10k | ▼ 64.3% |
| Taxes450/3 | €32k | €60k | €51k | €24k | €7k | ▼ 72.2% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | - | - | - | €65k | €65k | ▲ 0.4% |
| Accrued charges and deferred income492/3 | €6k | €0 | €29 | €401 | €172 | ▼ 57.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €68k | €63k | €73k | €31k | ▼ 57.6% |
| + Depreciation and write-downs630 | €669 | €3k | €4k | €4k | €2k | ▼ 51.3% |
| Operating cash flow (approximation) | €82k | €71k | €66k | €77k | €33k | ▼ 57.3% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €78k | €54k | €9k | €-74k | ▼ 942% |
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
11-08
State Gazette act
Board meeting · Power of attorney
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €31k ▼57.6%
Net result drops to €31k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €200kEq €215k ▲41.4%
3 profitable years in a row build equity to €215k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €150kEq €152k ▲80.7%
2 profitable years in a row build equity to €152k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brasschaat · 1 establishment unit since 2020
Ground area
1,950 m²
Building footprint
131 m²
Volume, LiDAR
324 m³
Parcel 11323F0147/00N006, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Meulmeester
since 20202.310.660.952
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0147/00N006 | Flanders | 1,950 m² | 1 · 131 m² | 3.6 m · 1 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.
Structure & network
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
11 locations
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 6,862 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
Founded27-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.