MEXO
ActiveSummary
MEXO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112,632 and a net result of -€4,032. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 60% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-74
Solvency70▼-30
Growth52▼-6
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 9.65 in 2024; short-term debt: 54.5% and cash: 94.8% of total assets), but 54.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €112,632
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
44 d early
2022
55 d early
2021
44 d early
2020
58 d early
2019
17 d 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 40 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 18 June (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
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Financials · fiscal year 2025, micro schema
Equity
€112,632▲ 288%
2024 · €29,064
Total assets
€247,782▲ 669%
2024 · €32,241
Net result
-€4,032
2024 · €5,747
Working capital
€105,604▲ 284%
2024 · €27,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€4,722▼ 159%-€5,368▼ 13.7%€5,347€6,811▲ 27.4%-€3,911
Net result-€4,925below the sector's middle half▼ 134%-€5,736below the sector's middle half▼ 16.5%€4,606within the sector's middle half€5,747within the sector's middle half▲ 24.8%-€4,032below the sector's middle half
Equity€24,447within the sector's middle half▼ 16.8%€18,711within the sector's middle half▼ 23.5%€23,318within the sector's middle half▲ 24.6%€29,064within the sector's middle half▲ 24.6%€112,632within the sector's middle half▲ 288%
Total assets€26,535below the sector's middle half▼ 13.2%€20,788below the sector's middle half▼ 21.7%€26,104below the sector's middle half▲ 25.6%€32,241below the sector's middle half▲ 23.5%€247,782within the sector's middle half▲ 669%
Debt€2,087▲ 76.0%€2,077▼ 0.5%€2,786▲ 34.1%€3,176▲ 14.0%€135,150▲ 4,155%
Working capital€13,865within the sector's middle half▼ 12.2%€11,125within the sector's middle half▼ 19.8%€18,726within the sector's middle half▲ 68.3%€27,469within the sector's middle half▲ 46.7%€105,604above the sector's middle half▲ 284%
Solvency92.1%above the sector's middle half▼ 4.0pp90.0%above the sector's middle half▼ 2.1pp89.3%above the sector's middle half▼ 0.7pp90.1%above the sector's middle half▲ 0.8pp45.5%within the sector's middle half▼ 44.7pp
Current ratio7.64above the sector's middle half▼ 6.676.36above the sector's middle half▼ 1.297.72above the sector's middle half▲ 1.379.65above the sector's middle half▲ 1.931.78within the sector's middle half▼ 7.87
Return on assets (ROA)-18.6%below the sector's middle half▼ 11.7pp-27.6%below the sector's middle half▼ 9.0pp17.6%above the sector's middle half▲ 45.2pp17.8%above the sector's middle half▲ 0.2pp-1.6%within the sector's middle half▼ 19.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,911 after €6,811 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,782
Fixed assets
€7,028 ▲ 340%
Current assets
€240,754 ▲ 686%
Equity and liabilities €247,782
Equity
€112,632 ▲ 288%
Debt
€135,150 ▲ 4,155%
Debt's share of the balance-sheet total rises from 9.9% to 54.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€3,895▼
2024 · €9,807
Cash flow
-€4,017▼
2024 · €8,742
Quick ratio
1.77▼
2024 · 9.19
Debt to equity
1.20▲
2024 · 0.11
ROE
-3.6%▼
2024 · 19.8%
Interest coverage
-41.96▼
2024 · 69.76
Debt ≤ 1 year
€135,150▲
2024 · €3,176
Income taxes
€137▼
2024 · €937
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 12,321 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 | - | - | - | - | €3,381 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,006 | €2,995 | €2,995 | €2,995 | €15 | ▼ 99.5% |
| Other operating charges640/8 | €693 | €487 | €577 | €585 | €534 | ▼ 8.8% |
| Gross operating margin9900 | -€1,022 | -€1,886 | €8,919 | €10,392 | -€3,362 | ▼ 132% |
| Operating profit (loss)9901 | -€4,722 | -€5,368 | €5,347 | €6,811 | -€3,911 | ▼ 157% |
| Financial income75/76B | €85 | - | €7 | €13 | €108 | ▲ 730% |
| Recurring financial income75 | €85 | - | €7 | €13 | €108 | ▲ 730% |
| Financial charges65/66B | €152 | €276 | €155 | €141 | €93 | ▼ 34.0% |
| Recurring financial charges65 | €152 | €276 | €155 | €141 | €93 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | -€4,788 | -€5,644 | €5,199 | €6,684 | -€3,896 | ▼ 158% |
| Income taxes67/77 | €137 | €92 | €593 | €937 | €137 | ▼ 85.4% |
| Profit (loss) for the period9904 | -€4,925 | -€5,736 | €4,606 | €5,747 | -€4,032 | ▼ 170% |
| Profit (loss) for the period to be appropriated9905 | -€4,925 | -€5,736 | €4,606 | €5,747 | -€4,032 | ▼ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,535 | €20,788 | €26,104 | €32,241 | €247,782 | ▲ 669% |
| Fixed assets21/28 | €10,582 | €7,587 | €4,591 | €1,596 | €7,028 | ▲ 340% |
| Tangible fixed assets22/27 | €10,582 | €7,587 | €4,591 | €1,596 | €7,028 | ▲ 340% |
| Plant, machinery and equipment23 | - | - | - | - | €1,520 | - |
| Furniture and vehicles24 | €10,582 | €7,587 | €4,591 | €1,596 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €5,508 | - |
| Current assets29/58 | €15,953 | €13,202 | €21,513 | €30,645 | €240,754 | ▲ 686% |
| Stocks and contracts in progress3 | €1,757 | €1,523 | €1,682 | €1,453 | €1,004 | ▼ 30.9% |
| Stocks30/36 | €1,757 | €1,523 | €1,682 | €1,453 | €1,004 | ▼ 30.9% |
| Amounts receivable within one year40/41 | €63 | - | - | €1,834 | €2,714 | ▲ 47.9% |
| Trade receivables40 | - | - | - | €1,197 | €0 | ▼ 100% |
| Other amounts receivable41 | €63 | - | - | €638 | €2,714 | ▲ 325% |
| Cash at bank and in hand54/58 | €13,569 | €11,151 | €19,155 | €26,660 | €234,892 | ▲ 781% |
| Deferred charges and accrued income490/1 | €563 | €528 | €675 | €697 | €2,145 | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,535 | €20,788 | €26,104 | €32,241 | €247,782 | ▲ 669% |
| Equity10/15 | €24,447 | €18,711 | €23,318 | €29,064 | €112,632 | ▲ 288% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €100,000 | ▲ 706% |
| Reserves13 | €12,047 | €6,311 | €10,918 | €16,664 | €12,632 | ▼ 24.2% |
| Non-distributable reserves130/1 | €1,670 | €1,670 | €1,670 | €1,670 | €1,670 | = |
| Reserves not available under the articles1311 | €1,670 | €1,670 | €1,670 | €1,670 | €1,670 | = |
| Distributable reserves133 | €10,377 | €4,641 | €9,248 | €14,994 | €10,962 | ▼ 26.9% |
| Amounts payable17/49 | €2,087 | €2,077 | €2,786 | €3,176 | €135,150 | ▲ 4,155% |
| Amounts payable within one year42/48 | €2,087 | €2,077 | €2,786 | €3,176 | €135,150 | ▲ 4,155% |
| Trade debts44 | €279 | €138 | €345 | €1,007 | €5,150 | ▲ 411% |
| Suppliers440/4 | €279 | €138 | €345 | €1,007 | €5,150 | ▲ 411% |
| Taxes, remuneration and social security45 | €1,763 | €1,702 | €1,845 | €1,452 | €0 | ▼ 100% |
| Taxes450/3 | €1,763 | €1,702 | €1,845 | €1,452 | €0 | ▼ 100% |
| Other amounts payable47/48 | €45 | €237 | €597 | €717 | €130,000 | ▲ 18,031% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,925 | -€5,736 | €4,606 | €5,747 | -€4,032 | ▼ 170% |
| + Depreciation and write-downs630 | €3,006 | €2,995 | €2,995 | €2,995 | €15 | ▼ 99.5% |
| Operating cash flow (approximation) | -€1,920 | -€2,741 | €7,602 | €8,742 | -€4,017 | ▼ 146% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,447 | - |
| Change in cash | - | -€2,417 | €8,004 | €7,504 | €208,232 | ▲ 2,675% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €112,632 ▲288%
Equity rises from €29,064 to €112,632.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €5,747 ▲24.8%
Operating result €6,811, net result €5,747, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,606
Net result €4,606 after 5 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€5,736
Net result drops to -€5,736, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 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, Zaventem · 1 establishment unit since 1987
Ground area
5,933 m²
Building footprint
1,962 m²
Volume, LiDAR
19,483 m³
Parcel 23078A0288/00D000, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MEXO
since 19872.383.049.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0288/00D000 | Flanders | 5,933 m² | 1 · 1,962 m² | 14.6 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.
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,676 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
Founded14-09-1987
Fiscal year end31-12
Trade name NL
BRUSSELS EAST
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
47820Retail sale of motor vehicle parts and accessories
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432027310
Also
9925:BE0432027310
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.