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MEVACO - BOUWBEDRIJF

Active
Public limited companyfounded 1979active for 46 yearsDurmelaan 6, 9880 Aalter, BelgiumKBO/BCE: BE 0420.071.069
Summary

MEVACO - BOUWBEDRIJF has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.8m and a net result of €847,875. Equity is growing by about 7.1% per year across the filed financial years. Its solvency ranks better than 69% of 1,014 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
General construction of residential buildings
NACE 41001General construction of other non-residential buildings NACE 41003
#2 company by equity in Aalter, Construction sector1 site
Size
€21.1mturnover 2025
Staff
46.8 FTE
Equity
€16.8m
Profit
€847,875
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
NERO · 100%
Holdings
2
Auditor: VRC BEDRIJFSREVISORENAccounts 28 days early1 of 11 deeds read
Why 88raises riskSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 1.53, cash €1.5mlowers riskFounded in 1979Size: turnover €21.1m, 46.8 FTE, total assets €32.9mShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 41, small)
Financial strength · tick = 2024
Average
Solvency 76-8
equity 51.0% of total assets
Liquidity 35-6
short-term debt 43.7% · cash 4.6%
Profitability 64+5
return on assets 2.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.53, compared with 1.57 in 2024; short-term debt: 43.7% and cash: 4.6% of total assets), and 49% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small): better than 72% on solvency, 39% on liquidity, 52% on profitability and 33% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Liquidity: current ratio 1.53, cash €1.5m
NBB · annual accounts
lowers risk · Founded in 1979
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €21.1m, 46.8 FTE, total assets €32.9m
The company's size counts in the probability; how much depends on the rest of its profile.
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
26 days early
2023
9 days early
2022
31 days early
2021
2 days early
2020
17 days early
2019
9 days early
← 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 17 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: VRC Bedrijfsrevisoren BA (statutory auditor)Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Among the best 7% on equitysector median €655,297 · 1,014 companies €16.8m View
  • Caution: Turnover fell in 2025from €32.8m to €21.1m ▼ 35.5% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €847,875 8 years View
  • Controlled by NEROitself parent of 1 companies 100% View
  • Active since 1979founded 21-12-1979 46 years View
  • Flemish supportawarded 2022 - 2025 €104,477 View

By topic

Financials

Financial year
2025
Turnover
€21.1m
Profit
€847,875
Solvency
51.0%
Turnover▼ 35.5%
Net result
20182025
Go to Financials

Timeline

Events
49
Since
1981
Next accounts
by 31-07-2027
  1. 22-07-2024Annual accounts filed
  2. 30-06-2023Annual accounts filed
  3. 29-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
21-12-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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