MEUSARDENNES
ActiveMEUSARDENNES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €24k. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.89 in 2024; short-term debt: 50.1% and cash: 39.5% of total assets), and 78.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← 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
21.3%
Return on assets
7.4%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
36 d early
2022
7 d early
2021
94 d late
2020
122 d late
2019
118 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▲ 28.9%
2024 · €54k
2018: €-15k
2019: €-14k
2020: €25k
2021: €-17k
2022: €34k
2023: €35k
2024: €54k
2018 → 2025
Total assets
€325k▲ 20.7%
2024 · €269k
2018: €310k
2019: €326k
2020: €397k
2021: €338k
2022: €344k
2023: €319k
2024: €269k
2018 → 2025
Net result
€24k▲ 20.5%
2024 · €20k
2018: €1k
2019: €2k
2020: €39k
2021: €-42k
2022: €52k
2023: €3k
2024: €20k
2018 → 2025
Working capital
€-188▲ 98.2%
2024 · €-11k
2018: €-49k
2019: €-39k
2020: €5k
2021: €-31k
2022: €-6k
2023: €-20k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€34k€35k▲ 5.3%€54k▲ 52.0%€69k▲ 28.9%
Operating result€-36k-€72k€11k▼ 84.1%€38k▲ 232%€37k▼ 1.2%
Net result€-42k-€52k€3k▼ 93.5%€20k▲ 493%€24k▲ 20.5%
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 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€162k▼ 9.0%
Current assets
€163k▲ 79.0%
Equity and liabilities €325k
Equity
€69k▲ 28.9%
Debt
€256k▲ 18.7%
The debt ratio falls from 80.1% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▼
2024 · €55k
Cash flow
€42k▲
2024 · €37k
Solvency
21.3%▲
2024 · 19.9%
Current ratio
1.00▲
2024 · 0.89
Quick ratio
1.00▲
2024 · 0.89
Debt / equity
3.69▼
2024 · 4.01
ROE
34.9%▼
2024 · 37.3%
ROA
7.4%▼
2024 · 7.4%
Interest coverage
15.65▲
2024 · 14.29
Debt
€256k▲
2024 · €216k
Debt ≤ 1 year
€163k▲
2024 · €102k
Debt > 1 year
€93k▼
2024 · €114k
Income taxes
€10k▼
2024 · €14k
Staff costs
€14k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€269k€325k▲
Fixed assets21/28€178k€162k▼
Tangible fixed assets22/27€178k€162k▼
Land and buildings22€164k€157k▼
Furniture and vehicles24€3k€3k▼
Leasing and similar rights25€11k€2k▼
Financial fixed assets28€205€205=
Current assets29/58€91k€163k▲
Amounts receivable within one year40/41€23k€33k▲
Trade receivables40€23k€31k▲
Other amounts receivable41€127€1k▲
Cash at bank and in hand54/58€67k€128k▲
Deferred charges and accrued income490/1€950€1k▲
Equity and liabilities
Total equity and liabilities10/49€269k€325k▲
Equity10/15€54k€69k▲
Contributions10/11€12k€12k=
Reserves13€41k€56k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€39k€55k▲
Profit (loss) carried forward14€438€438=
Amounts payable17/49€216k€256k▲
Amounts payable after more than one year17€114k€93k▼
Financial debts170/4€114k€93k▼
Amounts payable within one year42/48€102k€163k▲
Current portion of amounts payable after more than one year42€26k€21k▼
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€12k€10k▼
Remuneration and social security454/9€236€4k▲
Other amounts payable47/48€52k€123k▲
Accrued charges and deferred income492/3€109€45▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€121€151▲
Gross operating margin9900€61k€75k▲
Operating profit (loss)9901€38k€37k▼
Financial income75/76B€54-
Recurring financial income75€54-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€34k€34k▼
Income taxes67/77€14k€10k▼
Profit (loss) for the period9904€20k€24k▲
Profit (loss) for the period to be appropriated9905€20k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€25k▲
Profit (loss) brought forward from the previous period14P€1k€438▼
Transfer to equity691/2€19k€16k▼
To other reserves6921€19k€16k▼
Profit to be distributed694/7€2k€9k▲
Return on contributions (dividend)694€2k€9k▲
The notes to these accounts (13 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
31-12
Financial
Weakest financial yearnet €-42k ▼208%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Namur · 1 establishment unit since 2008
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.
Avenue Cardinal Mercier 435000 NamurGround area
158 m²
Building footprint
168 m²
Volume, LiDAR
4,319 m³
Parcel 92302G0204/00X007, Wallonia · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
IMMOBILIERE MEUSARDENNES
since 20082.171.667.474
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0204/00X007 | Wallonia | 158 m² | 1 · 168 m² | 29.3 m · 9 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.
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Césima 2 Invest
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2008
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
68121Development of residential building projects
68122Development of non-residential building projects
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
68329Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@meusardennes.be
Phone:081/22.27.81