MEVANCO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-12-2025 PDF all 34 filings
Every figure per financial year
The operating result for 2025 is a loss of €94,768, after a profit of €57,631 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €3,175 | €217,033 | - | €3,832 |
| Depreciation and write-downs of the year | €163,180 | €158,785 | €120,028 | €118,542 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €136,727 | €1,506 | ▼ 98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219,626 | €222,361 | €167,805 | €163,180 | €158,785 | €120,028 | €118,542 | ▼ 1.2% |
| Other operating charges640/8 | - | - | - | €28,808 | €24,159 | €22,652 | €39,826 | ▲ 75.8% |
| Gross operating margin9900 | €16,393 | €174,507 | €115,445 | €51,889 | -€25,956 | €200,311 | €63,600 | ▼ 68.2% |
| Operating profit (loss)9901 | -€222,349 | -€115,666 | -€76,380 | -€140,099 | -€208,900 | €57,631 | -€94,768 | - |
| Financial income75/76B | - | - | - | €243,968 | €243,986 | €243,968 | €465,002 | ▲ 90.6% |
| Recurring financial income75 | €262,218 | €262,218 | €262,218 | €243,968 | €243,986 | €243,968 | €465,002 | ▲ 90.6% |
| Financial charges65/66B | - | - | - | €73,820 | €98,674 | €103,812 | €107,623 | ▲ 3.7% |
| Recurring financial charges65 | €81,529 | €84,944 | €80,079 | €73,820 | €98,674 | €103,812 | €107,623 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | -€41,660 | €61,608 | €105,759 | €30,049 | -€63,588 | €197,787 | €262,611 | ▲ 32.8% |
| Transfer from deferred taxes780 | - | - | - | €2,028 | €2,028 | €2,028 | €2,028 | = |
| Transfer to deferred taxes680 | - | - | - | - | - | €30,189 | - | - |
| Income taxes67/77 | €12,984 | €14,148 | €35,933 | €40,034 | -€8,924 | €54 | €95,556 | ▲ 1,784× |
| Profit (loss) for the period9904 | -€52,246 | €49,859 | €71,853 | -€7,957 | -€52,637 | €169,572 | €169,082 | ▼ 0.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,083 | €6,083 | €6,083 | €6,083 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €90,567 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€46,534 | €55,570 | €77,936 | -€1,874 | -€46,554 | €85,088 | €175,165 | ▲ 106% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €9.2m | €9.3m | €9.1m | €8.9m | €8.9m | €8.6m | €8.6m | ▲ 0.5% |
| Fixed assets21/28 | €4.1m | €4.1m | €4.0m | €3.8m | €3.9m | €3.4m | €3.3m | ▼ 3.3% |
| Tangible fixed assets22/27 | €4.1m | €4.1m | €4.0m | €3.8m | €3.9m | €3.4m | €3.3m | ▼ 3.3% |
| Land and buildings22 | - | - | - | €3.8m | €3.9m | €3.4m | €3.3m | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | €0.009m | €424 | - | - | - |
| Financial fixed assets28 | €126 | €126 | €126 | €126 | €126 | €126 | €126 | = |
| Current assets29/58 | €5.1m | €5.3m | €5.2m | €5.1m | €5.1m | €5.2m | €5.3m | ▲ 3.0% |
| Amounts receivable after more than one year29 | - | - | - | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Other amounts receivable291 | - | - | - | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Amounts receivable within one year40/41 | €0.05m | €0.06m | €0.02m | €0.03m | €0.02m | €0.05m | €0.03m | ▼ 33.9% |
| Trade receivables40 | - | - | - | €0.03m | €0.02m | €0.02m | €0.03m | ▲ 36.9% |
| Other amounts receivable41 | - | - | - | - | - | €0.02m | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.2m | €0.1m | €0.07m | €0.05m | €0.1m | €0.2m | ▲ 101% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 50.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €9.2m | €9.3m | €9.1m | €8.9m | €8.9m | €8.6m | €8.6m | ▲ 0.5% |
| Equity10/15 | €5.5m | €5.6m | €5.7m | €5.6m | €5.6m | €5.8m | €5.9m | ▲ 2.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 47.2% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 2.8% |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €0.04m | €0.2m | ▲ 414% |
| Profit (loss) carried forward14 | €4.2m | €4.3m | €4.4m | €4.4m | €4.3m | €4.4m | €4.4m | = |
| Provisions and deferred taxes16 | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.1m | €0.1m | ▼ 2.0% |
| Deferred taxes168 | - | - | - | €0.07m | €0.07m | €0.1m | €0.1m | ▼ 2.0% |
| Amounts payable17/49 | €3.6m | €3.7m | €3.4m | €3.2m | €3.3m | €2.7m | €2.6m | ▼ 4.6% |
| Amounts payable after more than one year17 | €2.5m | €2.4m | €2.2m | €1.9m | €1.6m | €1.3m | €1.0m | ▼ 22.4% |
| Financial debts170/4 | - | - | - | €1.9m | €1.6m | €1.3m | €1.0m | ▼ 22.4% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €1.2m | €1.3m | €1.6m | €1.3m | €1.5m | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.3% |
| Trade debts44 | €130 | €281 | €0.01m | €0.01m | €0.02m | €0.001m | €0.001m | ▲ 7.7% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.001m | €0.001m | ▲ 7.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.02m | €0.1m | ▲ 292% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.02m | €0.1m | ▲ 292% |
| Other amounts payable47/48 | - | - | - | €0.9m | €1.3m | €1.0m | €1.1m | ▲ 8.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.04m | €0.05m | €0.06m | ▲ 10.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,246 | €49,859 | €71,853 | -€7,957 | -€52,637 | €169,572 | €169,082 | ▼ 0.3% |
| + Depreciation and write-downs630 | €219,626 | €222,361 | €167,805 | €163,180 | €158,785 | €120,028 | €118,542 | ▼ 1.2% |
| Operating cash flow (approximation) | €167,380 | €272,220 | €239,659 | €155,223 | €106,148 | €289,600 | €287,624 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€254,187 | -€35,596 | -€3,175 | -€217,033 | €305,022 | -€3,832 | - |
| Change in cash | - | €97,489 | -€49,640 | -€55,721 | -€19,403 | €54,524 | €107,218 | ▲ 96.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,887 companies had the same profile as MEVANCO has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of MEVANCO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for MEVANCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-12-2025 | 2025-00574488 | |
| 30-06-2024 | micro format | 17-12-2024 | 2024-00617247 | |
| 30-06-2023 | micro format | 07-11-2023 | 2023-00507074 | |
| 30-06-2022 | micro format | 21-11-2022 | 2022-20522620 | |
| 30-06-2021 | micro format | 14-12-2021 | 2021-80300069 | |
| 30-06-2020 | micro format | 01-12-2020 | 2020-73600297 | |
| 30-06-2019 | micro format | 27-11-2019 | 2019-74600428 | |
| 30-06-2018 | abbreviated format | 15-11-2018 | 2018-72400469 | |
| 30-06-2017 | abbreviated format | 20-11-2017 | 2017-69900318 | |
| 30-06-2016 | abbreviated format | 22-11-2016 | 2016-68600330 |