Meuse Finco

Active

Public limited companyfounded 20214 yrs activeRue des Guillemins 129, 4000 Liège, BelgiumKBO/BCE: BE 0778.734.311

Meuse Finco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-3.32M) and a net result of €1.23M. Its solvency ranks better than 5% of 2777 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Outside the general model

Model not applicable to financial institutions

The health 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.

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2777 sector peers (2024).

NBB · sector comparison

Position among 2777 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

35 d early

2023

30 d early

2022

17 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Equity

€-3.32M▼ 10.8%

2022 · €-3.00M

2022: €-3.00M

2022 → 2024

Net result

€1.23M

2022 · €-3.06M

2022: €-3.06M

2022 → 2024

Total assets

€855.76M▲ 90.8%

2022 · €448.44M

2022: €448.44M

2022 → 2024

Solvency

-0.4%▲ 0.3pp

2022 · -0.7%

2022: -0.7%

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222024Trend

Turnover€534k

Equity€-3.00M-€-3.32M▼ 10.8%

Operating result€-689k-€-111k▲ 83.9%

Net result€-3.06M-€1.23M

Result per fiscal year

Operating resultNet result

The operating result is €-111k in 2024, compared with €-689k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €855.76M

100.0%

Fixed assets €320k▲ 7.1%

Current assets €855.44M▲ 90.9%

Key figures and ratios

2024 value · change against 2022

Solvency

-0.4%▲

2022 · -0.7%

ROA

0.1%▲

2022 · -0.7%

Debt

€859.08M▲

2022 · €451.43M

Debt ≤ 1 year

€133.15M▼

2022 · €138.63M

Debt > 1 year

€716.00M▲

2022 · €306.00M

Income taxes

€354k▲

2022 · €37

Staff costs

€255k▲

2022 · €21k

A ratio outside any meaningful range has been withheld (balance sheet total €855.76M, equity €-3.32M).

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 · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€448.44M€855.76M▲

Formation expenses20-€0

Fixed assets21/28€299k€320k▲

Intangible fixed assets21€299k€320k▲

Current assets29/58€448.14M€855.44M▲

Amounts receivable after more than one year29€2.88M€745.39M▲

Other amounts receivable291€2.88M€745.39M▲

Amounts receivable within one year40/41€420.79M€53.42M▼

Trade receivables40€79k€87k▲

Other amounts receivable41€420.71M€53.33M▼

Current investments50/53-€43.00M

Other investments51/53-€43.00M

Cash at bank and in hand54/58€9.58M€3.22M▼

Deferred charges and accrued income490/1€14.88M€10.41M▼

Equity and liabilities

Total equity and liabilities10/49€448.44M€855.76M▲

Equity10/15€-3.00M€-3.32M▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Profit (loss) carried forward14€-3.06M€-3.38M▼

Amounts payable17/49€451.43M€859.08M▲

Amounts payable after more than one year17€306.00M€716.00M▲

Financial debts170/4€306.00M€306.00M=

Credit institutions173€306.00M€306.00M=

Other amounts payable178/9-€410.00M

Amounts payable within one year42/48€138.63M€133.15M▼

Trade debts44€38k€25k▼

Suppliers440/4€38k€25k▼

Taxes, remuneration and social security45€4k€841k▲

Taxes450/3€37€817k▲

Remuneration and social security454/9€4k€24k▲

Other amounts payable47/48€138.58M€132.28M▼

Accrued charges and deferred income492/3€6.81M€9.93M▲

Income statement Code20222024

Operating income70/76A€405€549k▲

Turnover70-€534k

Other operating income74€405€15k▲

Operating charges60/66A€689k€659k▼

Services and other goods61€647k€361k▼

Remuneration, social security and pensions62€21k€255k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€42k▲

Other operating charges640/8€716€1k▲

Operating profit (loss)9901€-689k€-111k▲

Financial income75/76B€9.17M€46.37M▲

Recurring financial income75€9.17M€45.25M▲

Income from current assets751-€2.03M

Other financial income752/9€9.17M€43.22M▲

Non-recurring financial income76B-€1.12M

Financial charges65/66B€11.54M€44.67M▲

Recurring financial charges65€11.54M€44.67M▲

Debt charges650€10.07M€42.23M▲

Other financial charges652/9€1.47M€2.43M▲

Profit (loss) for the period before taxes9903€-3.06M€1.59M▲

Income taxes67/77€37€354k▲

Taxes670/3€37€413k▲

Tax adjustments and reversals of tax provisions77-€59k

Profit (loss) for the period9904€-3.06M€1.23M▲

Profit (loss) for the period to be appropriated9905€-3.06M€1.23M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-3.06M€-3.38M▼

Profit (loss) brought forward from the previous period14P-€-4.61M

Social balance

Average headcount (FTE)90870.92.1▲

The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Gazette 1Filings 3

2026

27-03

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 02 MARS 2026
Power of attorney, Marlène BERTRAND
Power of attorney, Marianig Derenne

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €1.23M

Net result €1.23M after one loss-making year.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

07-07-2022 Maxim de Vos: Resigned as Director

07-07-2022 Steven Buyse: Resigned as Director

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Rue des Guillemins 1294000 Liège

Ground area

4,768 m²

Parcel 62814C0393/00V002, Wallonia. Linked by address, not a title deed.

1 establishment unit