MEVADA
ActiveSummary
MEVADA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€34,579) and a net result of €18,150. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+52
Solvency13▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.22 in 2024; short-term debt: 37% and cash: 1.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.1%
Return on assets
6.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9341 sector peers (2025).
NBB · sector comparisonPosition among 9341 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
24 d late
2019
89 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 37 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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€34,579▲ 34.4%
2024 · -€52,729
Total assets
€285,063▼ 3.1%
2024 · €294,202
Net result
€18,150
2024 · -€16,735
Working capital
-€81,714▲ 12.7%
2024 · -€93,632
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,672-€44-€15,065▼ 34,147%-€4,129▲ 72.6%€28,210
Net result€16,543within the sector's middle half-€356within the sector's middle half-€15,636below the sector's middle half▼ 4,288%-€16,735below the sector's middle half▼ 7.0%€18,150within the sector's middle half
Equity-€20,002below the sector's middle half▲ 45.3%-€20,358below the sector's middle half▼ 1.8%-€35,994below the sector's middle half▼ 76.8%-€52,729below the sector's middle half▼ 46.5%-€34,579below the sector's middle half▲ 34.4%
Total assets€19,881below the sector's middle half▲ 55.9%€12,798below the sector's middle half▼ 35.6%€79,397below the sector's middle half▲ 520%€294,202within the sector's middle half▲ 271%€285,063below the sector's middle half▼ 3.1%
Debt€39,883▼ 19.1%€33,156▼ 16.9%€115,391▲ 248%€346,930▲ 201%€319,642▼ 7.9%
Working capital-€30,536within the sector's middle half▲ 35.9%-€30,321within the sector's middle half▲ 0.7%-€108,122below the sector's middle half▼ 257%-€93,632below the sector's middle half▲ 13.4%-€81,714within the sector's middle half▲ 12.7%
Solvency-100.6%below the sector's middle half▲ 186.0pp-159.1%below the sector's middle half▼ 58.5pp-45.3%below the sector's middle half▲ 113.7pp-17.9%below the sector's middle half▲ 27.4pp-12.1%below the sector's middle half▲ 5.8pp
Current ratio0.23below the sector's middle half▲ 0.200.09below the sector's middle half▼ 0.150.06below the sector's middle half▼ 0.020.22below the sector's middle half▲ 0.150.23below the sector's middle half▲ 0.01
Return on assets (ROA)83.2%above the sector's middle half▲ 136.1pp-2.8%below the sector's middle half▼ 86.0pp-19.7%below the sector's middle half▼ 16.9pp-5.7%below the sector's middle half▲ 14.0pp6.4%above the sector's middle half▲ 12.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28,210 after a loss of €4,129 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,063
Fixed assets
€261,241 ▼ 2.6%
Current assets
€23,822 ▼ 8.5%
Key figures and ratios
EBITDA
€57,197▲
2024 · €16,275
Cash flow
€47,137▲
2024 · €3,669
Debt to equity
-9.24▼
2024 · -6.58
Interest coverage
5.69▲
2024 · 1.27
Debt ≤ 1 year
€105,536▼
2024 · €119,661
Debt > 1 year
€214,106▼
2024 · €227,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €571 | €571 | €887 | €20,404 | €28,987 | ▲ 42.1% |
| Other operating charges640/8 | €2,430 | €1,978 | €2,423 | €2,308 | €3,142 | ▲ 36.1% |
| Gross operating margin9900 | €19,673 | €2,505 | -€11,755 | €18,583 | €60,340 | ▲ 225% |
| Operating profit (loss)9901 | €16,672 | -€44 | -€15,065 | -€4,129 | €28,210 | ▲ 783% |
| Financial income75/76B | €98 | - | - | €194 | - | - |
| Recurring financial income75 | €98 | - | - | €194 | - | - |
| Financial charges65/66B | €227 | €312 | €571 | €12,800 | €10,061 | ▼ 21.4% |
| Recurring financial charges65 | €227 | €312 | €571 | €12,800 | €10,061 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | €16,543 | -€356 | -€15,636 | -€16,735 | €18,150 | ▲ 208% |
| Profit (loss) for the period9904 | €16,543 | -€356 | -€15,636 | -€16,735 | €18,150 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €16,543 | -€356 | -€15,636 | -€16,735 | €18,150 | ▲ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,881 | €12,798 | €79,397 | €294,202 | €285,063 | ▼ 3.1% |
| Fixed assets21/28 | €10,534 | €9,963 | €72,128 | €268,173 | €261,241 | ▼ 2.6% |
| Tangible fixed assets22/27 | €10,534 | €9,963 | €72,128 | €268,173 | €261,241 | ▼ 2.6% |
| Land and buildings22 | €9,916 | €9,916 | €9,916 | €24,916 | €24,916 | = |
| Plant, machinery and equipment23 | €410 | - | - | - | - | - |
| Furniture and vehicles24 | €209 | €47 | - | - | - | - |
| Other tangible fixed assets26 | - | - | €62,212 | €243,257 | €236,325 | ▼ 2.8% |
| Current assets29/58 | €9,347 | €2,835 | €7,269 | €26,028 | €23,822 | ▼ 8.5% |
| Amounts receivable within one year40/41 | €7,544 | - | €3,887 | €18,805 | €17,506 | ▼ 6.9% |
| Trade receivables40 | €7,544 | - | - | - | €11,880 | - |
| Other amounts receivable41 | - | - | €3,887 | €18,805 | €5,626 | ▼ 70.1% |
| Cash at bank and in hand54/58 | - | €2,835 | €3,382 | €7,224 | €5,336 | ▼ 26.1% |
| Deferred charges and accrued income490/1 | €1,803 | - | - | - | €979 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,881 | €12,798 | €79,397 | €294,202 | €285,063 | ▼ 3.1% |
| Equity10/15 | -€20,002 | -€20,358 | -€35,994 | -€52,729 | -€34,579 | ▲ 34.4% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €23,836 | €23,836 | €23,836 | €23,836 | €23,836 | = |
| Distributable reserves133 | €23,836 | €23,836 | €23,836 | €23,836 | €23,836 | = |
| Profit (loss) carried forward14 | -€105,811 | -€106,168 | -€121,803 | -€138,539 | -€120,389 | ▲ 13.1% |
| Amounts payable17/49 | €39,883 | €33,156 | €115,391 | €346,930 | €319,642 | ▼ 7.9% |
| Amounts payable after more than one year17 | - | - | - | €227,270 | €214,106 | ▼ 5.8% |
| Financial debts170/4 | - | - | - | €227,270 | €214,106 | ▼ 5.8% |
| Amounts payable within one year42/48 | €39,883 | €33,156 | €115,391 | €119,661 | €105,536 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,617 | €13,164 | ▲ 4.3% |
| Financial debts43 | €1,013 | - | - | - | - | - |
| Credit institutions430/8 | €1,013 | - | - | - | - | - |
| Trade debts44 | €7,692 | - | €71,335 | €2,172 | €1,005 | ▼ 53.7% |
| Suppliers440/4 | €7,692 | - | €71,335 | €2,172 | €1,005 | ▼ 53.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €211 | - |
| Taxes450/3 | - | - | - | - | €211 | - |
| Other amounts payable47/48 | €31,177 | €33,156 | €44,056 | €104,872 | €91,156 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,543 | -€356 | -€15,636 | -€16,735 | €18,150 | ▲ 208% |
| + Depreciation and write-downs630 | €571 | €571 | €887 | €20,404 | €28,987 | ▲ 42.1% |
| Operating cash flow (approximation) | €17,114 | €215 | -€14,749 | €3,669 | €47,137 | ▲ 1,185% |
| Investment in fixed assets (approximation) | - | €0 | -€63,052 | -€216,449 | -€22,055 | ▲ 89.8% |
| Change in cash | - | - | €547 | €3,842 | -€1,888 | ▼ 149% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €18,150
Net result €18,150 after 3 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€16,735
Net result drops to -€16,735, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €16,543
Net result €16,543 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €1,804
Net result €1,804 after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Chaudfontaine · 1 establishment unit since 1997
Ground area
1,575 m²
Building footprint
91 m²
Volume, LiDAR
709 m³
Parcel 62022C0059/00S000, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Chaussée de Theux 16, 4800 Verviers
since 19972.081.406.994
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022C0059/00S000 | Wallonia | 1,575 m² | 1 · 91 m² | 9.7 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.
Similar companies · same sector and region
COGE-IMMO
BE 1014.812.812
Chaudfontaine
E.S.S.
BE 0785.523.222
Chaudfontaine
KBI GESTION
BE 0835.000.546
Chaudfontaine
NICA Immo
BE 0670.829.729
Chaudfontaine
ABC LEROY
BE 0421.341.670
Dison
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460117025
Also
9925:BE0460117025
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.