MEVACO PROJECTS
ActiveSummary
MEVACO PROJECTS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.61M and a net result of €714k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency50▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 46.62 against 79.5 in 2024; short-term debt: 1.9% and cash: 3.9% of total assets), but 75.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
24.8%
Return on assets
6.8%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
3 d early
2023
12 d early
2022
2 d early
2021
2 d early
2020
17 d early
2019
3 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.61M▲ 37.7%
2024 · €1.89M
2018: €474klowest in 8 years
2019: €561k▲ +18.3% vs 2018
2020: €606k▲ +8.0% vs 2019
2021: €876k▲ +44.4% vs 2020
2022: €1.31M▲ +49.2% vs 2021
2023: €1.49M▲ +14.0% vs 2022
2024: €1.89M▲ +27.2% vs 2023
2025: €2.61M▲ +37.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€10.51M▼ 6.3%
2024 · €11.21M
2018: €5.63Mlowest in 8 years
2019: €7.19M▲ +27.7% vs 2018
2020: €7.66M▲ +6.5% vs 2019
2021: €7.51M▼ -1.9% vs 2020
2022: €7.92M▲ +5.4% vs 2021
2023: €11.61M▲ +46.6% vs 2022highest in 8 years
2024: €11.21M▼ -3.4% vs 2023
2025: €10.51M▼ -6.3% vs 2024
2018 → 2025
Net result
€714k▲ 76.1%
2024 · €405k
2018: €60k
2019: €87k▲ +44.2% vs 2018
2020: €45k▼ -48.1% vs 2019lowest in 8 years
2021: €269k▲ +497% vs 2020
2022: €430k▲ +59.8% vs 2021
2023: €183k▼ -57.5% vs 2022
2024: €405k▲ +122% vs 2023
2025: €714k▲ +76.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€9.13M▼ 7.5%
2024 · €9.88M
2018: €474klowest in 8 years
2019: €561k▲ +18.3% vs 2018
2020: €6.98M▲ +1143% vs 2019
2021: €7.42M▲ +6.4% vs 2020
2022: €6.62M▼ -10.8% vs 2021
2023: €10.28M▲ +55.2% vs 2022highest in 8 years
2024: €9.88M▼ -3.9% vs 2023
2025: €9.13M▼ -7.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€876k-€1.31M▲ 49.2%€1.49M▲ 14.0%€1.89M▲ 27.2%€2.61M▲ 37.7%
2021: €876klowest in 5 years
2022: €1.31M▲ +49.2% vs 2021
2023: €1.49M▲ +14.0% vs 2022
2024: €1.89M▲ +27.2% vs 2023
2025: €2.61M▲ +37.7% vs 2024highest in 5 years
Operating result€426k-€634k▲ 48.6%€315k▼ 50.4%€652k▲ 107%€1.13M▲ 72.8%
2021: €426k
2022: €634k▲ +48.6% vs 2021
2023: €315k▼ -50.4% vs 2022lowest in 5 years
2024: €652k▲ +107% vs 2023
2025: €1.13M▲ +72.8% vs 2024highest in 5 years
Net result€269k-€430k▲ 59.8%€183k▼ 57.5%€405k▲ 122%€714k▲ 76.1%
2021: €269k
2022: €430k▲ +59.8% vs 2021
2023: €183k▼ -57.5% vs 2022lowest in 5 years
2024: €405k▲ +122% vs 2023
2025: €714k▲ +76.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 73% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.51M
Fixed assets
€1.18M ▼ 2.7%
Current assets
€9.33M ▼ 6.7%
Equity and liabilities €10.51M
Equity
€2.61M ▲ 37.7%
Debt
€7.90M ▼ 15.2%
Debt's share of the balance-sheet total falls from 83.1% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.16M▲
2024 · €679k
Cash flow
€747k▲
2024 · €432k
Current ratio
46.62▼
2024 · 79.50
Quick ratio
6.45▲
2024 · 3.65
Debt to equity
3.03▼
2024 · 4.92
ROE
27.4%▲
2024 · 21.4%
ROA
6.8%▲
2024 · 3.6%
Interest coverage
6.72▲
2024 · 6.17
Debt ≤ 1 year
€200k▲
2024 · €126k
Debt > 1 year
€7.61M▼
2024 · €9.10M
Income taxes
€240k▲
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.21M€10.51M▼
Fixed assets21/28€1.21M€1.18M▼
Tangible fixed assets22/27€1.21M€1.18M▼
Land and buildings22€1.21M€1.18M▼
Current assets29/58€10.00M€9.33M▼
Stocks and contracts in progress3€9.54M€8.04M▼
Stocks30/36€9.54M€8.04M▼
Amounts receivable within one year40/41€19k€11k▼
Trade receivables40€402-
Other amounts receivable41€19k€11k▼
Cash at bank and in hand54/58€258k€410k▲
Deferred charges and accrued income490/1€182k€869k▲
Equity and liabilities
Total equity and liabilities10/49€11.21M€10.51M▼
Equity10/15€1.89M€2.61M▲
Contributions10/11€34k€34k=
Reserves13€1.86M€2.57M▲
Distributable reserves133€1.86M€2.57M▲
Amounts payable17/49€9.32M€7.90M▼
Amounts payable after more than one year17€9.10M€7.61M▼
Financial debts170/4€9.10M€7.61M▼
Amounts payable within one year42/48€126k€200k▲
Trade debts44€259€265▲
Suppliers440/4€259€265▲
Taxes, remuneration and social security45€17k€28k▲
Taxes450/3€17k€28k▲
Other amounts payable47/48€109k€172k▲
Accrued charges and deferred income492/3€96k€96k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Other operating charges640/8€44k€84k▲
Gross operating margin9900€723k€1.24M▲
Operating profit (loss)9901€652k€1.13M▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€110k€173k▲
Recurring financial charges65€110k€173k▲
Profit (loss) for the period before taxes9903€542k€954k▲
Income taxes67/77€137k€240k▲
Profit (loss) for the period9904€405k€714k▲
Profit (loss) for the period to be appropriated9905€405k€714k▲
Appropriation of the result
Profit (loss) to be appropriated9906€405k€714k▲
Transfer to equity691/2€405k€714k▲
To other reserves6921€405k€714k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €114k | €26k | €27k | €33k | ▲ 22.5% |
| Other operating charges640/8 | €15k | €78k | €190k | €44k | €84k | ▲ 91.4% |
| Gross operating margin9900 | €441k | €826k | €531k | €723k | €1.24M | ▲ 72.1% |
| Operating profit (loss)9901 | €426k | €634k | €315k | €652k | €1.13M | ▲ 72.8% |
| Financial income75/76B | - | €6k | €19 | €0 | - | - |
| Recurring financial income75 | - | €6k | €19 | €0 | - | - |
| Financial charges65/66B | €67k | €66k | €71k | €110k | €173k | ▲ 56.9% |
| Recurring financial charges65 | €67k | €66k | €71k | €110k | €173k | ▲ 56.9% |
| Profit (loss) for the period before taxes9903 | €359k | €574k | €244k | €542k | €954k | ▲ 76.0% |
| Income taxes67/77 | €90k | €143k | €61k | €137k | €240k | ▲ 75.7% |
| Profit (loss) for the period9904 | €269k | €430k | €183k | €405k | €714k | ▲ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €269k | €430k | €183k | €405k | €714k | ▲ 76.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.51M | €7.92M | €11.61M | €11.21M | €10.51M | ▼ 6.3% |
| Fixed assets21/28 | - | €1.23M | €1.20M | €1.21M | €1.18M | ▼ 2.7% |
| Tangible fixed assets22/27 | - | €1.23M | €1.20M | €1.21M | €1.18M | ▼ 2.7% |
| Land and buildings22 | - | €1.23M | €1.20M | €1.21M | €1.18M | ▼ 2.7% |
| Current assets29/58 | €7.51M | €6.69M | €10.40M | €10.00M | €9.33M | ▼ 6.7% |
| Stocks and contracts in progress3 | €7.10M | €6.26M | €10.10M | €9.54M | €8.04M | ▼ 15.7% |
| Stocks30/36 | €7.10M | €6.26M | €10.10M | €9.54M | €8.04M | ▼ 15.7% |
| Amounts receivable within one year40/41 | €151k | €172k | €175k | €19k | €11k | ▼ 43.6% |
| Trade receivables40 | €76k | €5k | €65k | €402 | - | - |
| Other amounts receivable41 | €75k | €167k | €111k | €19k | €11k | ▼ 42.4% |
| Cash at bank and in hand54/58 | €261k | €250k | €131k | €258k | €410k | ▲ 58.8% |
| Deferred charges and accrued income490/1 | - | - | - | €182k | €869k | ▲ 378% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.51M | €7.92M | €11.61M | €11.21M | €10.51M | ▼ 6.3% |
| Equity10/15 | €876k | €1.31M | €1.49M | €1.89M | €2.61M | ▲ 37.7% |
| Contributions10/11 | €34k | €34k | €34k | €34k | €34k | = |
| Reserves13 | €842k | €1.27M | €1.46M | €1.86M | €2.57M | ▲ 38.4% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €839k | €1.27M | €1.46M | €1.86M | €2.57M | ▲ 38.4% |
| Amounts payable17/49 | €6.64M | €6.61M | €10.12M | €9.32M | €7.90M | ▼ 15.2% |
| Amounts payable after more than one year17 | €6.55M | €6.45M | €9.89M | €9.10M | €7.61M | ▼ 16.4% |
| Financial debts170/4 | €6.55M | €6.45M | €9.89M | €9.10M | €7.61M | ▼ 16.4% |
| Amounts payable within one year42/48 | €87k | €66k | €127k | €126k | €200k | ▲ 59.1% |
| Trade debts44 | €2k | €229 | €56k | €259 | €265 | ▲ 2.3% |
| Suppliers440/4 | €2k | €229 | €56k | €259 | €265 | ▲ 2.3% |
| Taxes, remuneration and social security45 | €19k | - | €654 | €17k | €28k | ▲ 69.0% |
| Taxes450/3 | €19k | - | €654 | €17k | €28k | ▲ 69.0% |
| Other amounts payable47/48 | €67k | €66k | €70k | €109k | €172k | ▲ 57.7% |
| Accrued charges and deferred income492/3 | - | €96k | €97k | €96k | €96k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €269k | €430k | €183k | €405k | €714k | ▲ 76.1% |
| + Depreciation and write-downs630 | - | €114k | €26k | €27k | €33k | ▲ 22.5% |
| Operating cash flow (approximation) | €269k | €545k | €209k | €432k | €747k | ▲ 72.8% |
| Investment in fixed assets (approximation) | - | - | €0 | €-33k | €0 | ▲ 100% |
| Change in cash | - | €-11k | €-119k | €127k | €152k | ▲ 19.3% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €714k ▲76.1%
Operating result €1.13M, net result €714k, both a record.
31-12
Financial
Equity above €2MEq €2.61M ▲37.7%
8 profitable years in a row build equity to €2.61M.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.31M ▲49.2%
5 profitable years in a row build equity to €1.31M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 8current ratio 86.12
Current ratio from 11.29 to 86.12; short-term debt falls from €678k to €87k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €45k ▼48.1%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 11.29
Current ratio from 1.08 to 11.29; short-term debt falls from €6.63M to €678k.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €561k ▲18.3%
2 profitable years in a row build equity to €561k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aalter · 1 establishment unit since 2010
Ground area
863 m²
Building footprint
185 m²
Volume, LiDAR
1,482 m³
Parcel 44503H0624/00P000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
MEVACO PROJECTS
since 20102.193.829.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0624/00P000 | Flanders | 863 m² | 1 · 185 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Progr3ss
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 1,689 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
Founded09-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.