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Meuse Midco

Active
Public limited companyfounded 20214 yrs activeRue des Guillemins 129, 4000 Liège, BelgiumKBO/BCE: BE 0778.513.684
Summary

Meuse Midco has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €656.2m and a net result of €128,205. Equity is growing by ~11% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
Meuse MidcoActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€656.4mtotal assets 2025
Equity
€656.2m
Profit
€128,205
Financial health
81 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Largest shareholder
BELGO LEO HOLDING · 18.39%
Board
2 members
Holdings
2
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 46 d early4 of 14 deeds read
Why 81- Liquidity: current ratio 4.16, cash €159,519- Founded in 2021+ Size: total assets €656.4m, files consolidated accounts+ Equity €656.2m (100.0% of total assets)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (no NACE code, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 100.0% of total assets
Liquidity 50=
short-term debt 0.0% · cash 0.0%
Profitability 38-36
return on assets 0.0%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● 0.0% vs 11-2024 01-2025: 0.7%● 0.0% vs 12-2024 02-2025: 0.7%▲ +0.3% vs 01-2025highest value 03-2025: 0.7%▼ -1.2% vs 02-2025 04-2025: 0.7%▼ -6.0% vs 03-2025 05-2025: 0.7%● 0.0% vs 04-2025 06-2025: 0.7%● 0.0% vs 05-2025 07-2025: 0.7%● 0.0% vs 06-2025 08-2025: 0.5%▼ -27.7% vs 07-2025 09-2025: 0.5%● 0.0% vs 08-2025 10-2025: 0.5%● 0.0% vs 09-2025 11-2025: 0.5%● 0.0% vs 10-2025 12-2025: 0.5%▼ -3.5% vs 11-2025 01-2026: 0.5%● 0.0% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.5%▼ -1.3% vs 02-2026 04-2026: 0.4%▼ -6.5% vs 03-2026lowest value 05-2026: 0.4%● 0.0% vs 04-2026lowest value 06-2026: 0.4%● 0.0% vs 05-2026lowest value 07-2026: 0.5%▲ +20.5% vs 06-2026 08-2026: 0.5%● 0.0% vs 07-2026 09-2026: 0.5%● 0.0% vs 08-2026 10-2026: 0.5%● 0.0% vs 09-2026
  • Liquidity: current ratio 4.16, cash €159,519 raises the probability
  • Size: total assets €656.4m, files consolidated accounts lowers the probability for this profile
  • Founded in 2021 raises the probability for this profile
  • Equity €656.2m (100.0% of total assets) lowers the probability
Credit up to €53,150,000 at 30 days acceptable
Liquidity ample (current ratio 4.16 against 4.81 in 2024; short-term debt: 0% and cash: 0% of total assets), and 0% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, large). Better than this share of them on solvency 67%, liquidity 41%, profitability 48%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 4.16, cash €159,519
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €656.4m, files consolidated accounts
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Equity €656.2m (100.0% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 15-06-2026, 46 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
46 d early
2024
35 d early
2023
30 d early
2022
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 29 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Appointment: MAXIM DE VOS (chair of…State Gazette act
  2. Reappointment: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES (statutory…Resignation: BCCONSEIL SRL (director) ·…
  3. Annual accounts filedfiscal year 2025 · consolidated

Key points

  • Caution: Result fell in 2025from €96.0m to €128,205 ▼ 99.9% View
  • Heads a groupcompanies controlled 16 View
  • Board changedlatest change 31-07-2026 · 2 in office 2 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€656.4m
Profit
€128,205
Solvency
100.0%
Total assets=
Net result
20222025
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
BELGO LEO HOLDING · 18.39%
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Go to Board & ownership

Timeline

Events
14
Since
2023
Next accounts
by 31-07-2027
  1. 01-09-2026Appointment: MAXIM DE VOS (chair of the…
  2. 31-07-2026Reappointment: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES (statutory auditor)
  3. 19-06-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
10-12-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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