MEUSOC
ActiveSummary
MEUSOC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,026 and a net result of -€20,714. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 73% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-14
Solvency86▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.39 in 2024; short-term debt: 25.2% and cash: 8.2% of total assets), and 38.5% of the assets are financed with debt.
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Signals
Five 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,714
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
6 d late
2023
22 d late
2022
23 d late
2021
26 d late
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€266,026▼ 7.2%
2024 · €286,740
Total assets
€432,677▼ 4.9%
2024 · €455,050
Net result
-€20,714▼ 238%
2024 · -€6,121
Working capital
€27,611▼ 34.6%
2024 · €42,190
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€56,272-€8,193-€5,365▲ 34.5%-€5,645▼ 5.2%-€21,178▼ 275%
Net result€39,929-€8,964-€6,162▲ 31.3%-€6,121▲ 0.7%-€20,714▼ 238%
Equity€307,988▲ 14.9%€299,024▼ 2.9%€292,862▼ 2.1%€286,740▼ 2.1%€266,026▼ 7.2%
Total assets€503,895▲ 12.0%€488,946▼ 3.0%€465,592▼ 4.8%€455,050▼ 2.3%€432,677▼ 4.9%
Debt€131,978▲ 14.1%€128,452▼ 2.7%€113,719▼ 11.5%€111,758▼ 1.7%€112,558▲ 0.7%
Working capital€45,678€41,206▼ 9.8%€42,034▲ 2.0%€42,190▲ 0.4%€27,611▼ 34.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,178 in 2025 against €5,645 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432,677
Fixed assets
€296,076 ▼ 2.8%
Current assets
€136,601 ▼ 9.2%
Equity and liabilities €432,677
Equity
€266,026 ▼ 7.2%
Provisions
€54,093 ▼ 4.3%
Debt
€112,558 ▲ 0.7%
Debt's share of the balance-sheet total rises from 24.6% to 26.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,571▼
2024 · €3,720
Cash flow
-€11,108▼
2024 · €3,244
Current ratio
1.25▼
2024 · 1.39
Debt to equity
0.42▲
2024 · 0.39
ROE
-7.8%▼
2024 · -2.1%
ROA
-4.8%▼
2024 · -1.3%
Interest coverage
-2.85▼
2024 · 1.21
Debt ≤ 1 year
€108,989▲
2024 · €108,259
Debt > 1 year
€1,411=
2024 · €1,411
Income taxes
€211▲
2024 · €206
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 | €9,341 | €9,283 | €9,249 | €9,365 | €9,606 | ▲ 2.6% |
| Other operating charges640/8 | €3,342 | €3,070 | €3,366 | €3,710 | €3,597 | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | - | - | €17,469 | - |
| Gross operating margin9900 | €68,955 | €4,160 | €7,250 | €7,429 | €9,495 | ▲ 27.8% |
| Operating profit (loss)9901 | €56,272 | -€8,193 | -€5,365 | -€5,645 | -€21,178 | ▼ 275% |
| Financial income75/76B | - | - | - | €338 | €2,280 | ▲ 575% |
| Recurring financial income75 | - | - | - | €338 | €2,280 | ▲ 575% |
| Financial charges65/66B | €3,044 | €3,048 | €3,055 | €3,067 | €4,065 | ▲ 32.5% |
| Recurring financial charges65 | €3,044 | €3,048 | €3,055 | €3,067 | €4,065 | ▲ 32.5% |
| Profit (loss) for the period before taxes9903 | €53,229 | -€11,240 | -€8,419 | -€8,374 | -€22,962 | ▼ 174% |
| Transfer from deferred taxes780 | €2,459 | €2,459 | €2,459 | €2,459 | €2,459 | = |
| Income taxes67/77 | €15,759 | €182 | €202 | €206 | €211 | ▲ 2.7% |
| Profit (loss) for the period9904 | €39,929 | -€8,964 | -€6,162 | -€6,121 | -€20,714 | ▼ 238% |
| Transfer from tax-exempt reserves789 | €4,721 | €4,721 | €4,721 | €4,721 | €4,721 | = |
| Profit (loss) for the period to be appropriated9905 | €44,650 | -€4,243 | -€1,441 | -€1,400 | -€15,993 | ▼ 1,042% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €503,895 | €488,946 | €465,592 | €455,050 | €432,677 | ▼ 4.9% |
| Fixed assets21/28 | €329,537 | €322,586 | €313,337 | €304,601 | €296,076 | ▼ 2.8% |
| Tangible fixed assets22/27 | €329,537 | €322,586 | €313,337 | €304,601 | €296,076 | ▼ 2.8% |
| Land and buildings22 | €329,346 | €322,577 | €313,337 | €304,601 | €295,204 | ▼ 3.1% |
| Furniture and vehicles24 | €190 | €9 | - | - | €872 | - |
| Current assets29/58 | €174,358 | €166,360 | €152,255 | €150,449 | €136,601 | ▼ 9.2% |
| Amounts receivable within one year40/41 | €1,089 | €426 | €426 | €860 | €1,508 | ▲ 75.3% |
| Trade receivables40 | €1,089 | €426 | €426 | €860 | €1,035 | ▲ 20.3% |
| Other amounts receivable41 | - | - | - | - | €473 | - |
| Current investments50/53 | - | - | - | €100,000 | €99,010 | ▼ 1.0% |
| Cash at bank and in hand54/58 | €172,280 | €164,985 | €151,143 | €49,023 | €35,355 | ▼ 27.9% |
| Deferred charges and accrued income490/1 | €989 | €948 | €685 | €566 | €728 | ▲ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €503,895 | €488,946 | €465,592 | €455,050 | €432,677 | ▼ 4.9% |
| Equity10/15 | €307,988 | €299,024 | €292,862 | €286,740 | €266,026 | ▼ 7.2% |
| Contributions10/11 | €138,600 | €138,600 | €138,600 | €138,600 | €138,600 | = |
| Reserves13 | €169,388 | €164,667 | €159,945 | €155,224 | €150,503 | ▼ 3.0% |
| Non-distributable reserves130/1 | €2,861 | €2,861 | €2,861 | €2,861 | €2,861 | = |
| Reserves not available under the articles1311 | €2,861 | €2,861 | €2,861 | €2,861 | €2,861 | = |
| Tax-exempt reserves132 | €123,578 | €118,857 | €114,136 | €109,414 | €104,693 | ▼ 4.3% |
| Distributable reserves133 | €42,949 | €42,949 | €42,949 | €42,949 | €42,949 | = |
| Profit (loss) carried forward14 | - | -€4,243 | -€5,684 | -€7,084 | -€23,077 | ▼ 226% |
| Provisions and deferred taxes16 | €63,928 | €61,470 | €59,011 | €56,552 | €54,093 | ▼ 4.3% |
| Provisions for liabilities and charges160/5 | €63,928 | €61,470 | €59,011 | €56,552 | €54,093 | ▼ 4.3% |
| Other liabilities and charges164/5 | €63,928 | €61,470 | €59,011 | €56,552 | €54,093 | ▼ 4.3% |
| Amounts payable17/49 | €131,978 | €128,452 | €113,719 | €111,758 | €112,558 | ▲ 0.7% |
| Amounts payable after more than one year17 | €1,211 | €1,211 | €1,411 | €1,411 | €1,411 | = |
| Other amounts payable178/9 | €1,211 | €1,211 | €1,411 | €1,411 | €1,411 | = |
| Amounts payable within one year42/48 | €128,680 | €125,154 | €110,221 | €108,259 | €108,989 | ▲ 0.7% |
| Trade debts44 | €299 | €595 | €1,399 | €1,494 | €530 | ▼ 64.5% |
| Suppliers440/4 | €299 | €595 | €1,399 | €1,494 | €530 | ▼ 64.5% |
| Taxes, remuneration and social security45 | €16,659 | €15,941 | €384 | €306 | - | - |
| Taxes450/3 | €16,659 | €15,941 | €384 | €306 | - | - |
| Other amounts payable47/48 | €111,723 | €108,617 | €108,438 | €106,459 | €108,459 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | €2,088 | €2,088 | €2,088 | €2,088 | €2,158 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,929 | -€8,964 | -€6,162 | -€6,121 | -€20,714 | ▼ 238% |
| + Depreciation and write-downs630 | €9,341 | €9,283 | €9,249 | €9,365 | €9,606 | ▲ 2.6% |
| Operating cash flow (approximation) | €49,270 | €319 | €3,086 | €3,244 | -€11,108 | ▼ 442% |
| Investment in fixed assets (approximation) | - | -€2,332 | €0 | -€629 | -€1,081 | ▼ 71.9% |
| Change in cash | - | -€7,294 | -€13,842 | -€102,121 | -€13,668 | ▲ 86.6% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Weakest financial yearnet -€20,714
Net result drops to -€20,714, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €39,929
Net result €39,929 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €27,005
Net result €27,005 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, La Louvière · 1 establishment unit since 2002
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 Docteur Grégoire(L.L) 497100 La Louvière1 establishment unit
MEUSOC SA
since 20022.057.269.535
Recognitions · licences · registrations
Legal Entity Identifier
984500DVE7F773F6B170
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,038 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
Founded20-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.