MEYER SANITHERM
ActiveSummary
MEYER SANITHERM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,921 and a net result of €9,103. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-2
Solvency44▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.16 in 2024; short-term debt: 81.1% and cash: 16.8% of total assets), and 81.1% of the assets are financed with debt.
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Signals
Six 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 · 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
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
18.9%
Return on assets
2.8%
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 20% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 20%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
3 d early
2023
2 d early
2022
11 d early
2021
3 d late
2020
60 d late
2019
67 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 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,103▼ 32.1%
2024 · €13,405
Working capital
€30,107▼ 38.4%
2024 · €48,909
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,408▲ 590%€1,636▲ 16.2%€19,385▲ 1,085%€16,029▼ 17.3%€11,218▼ 30.0%
Net result€2,955below the sector's middle half▲ 269%€2,736below the sector's middle half▼ 7.4%€15,259within the sector's middle half▲ 458%€13,405within the sector's middle half▼ 12.2%€9,103within the sector's middle half▼ 32.1%
Equity€20,418below the sector's middle half▲ 16.9%€23,154below the sector's middle half▲ 13.4%€38,414below the sector's middle half▲ 65.9%€51,819below the sector's middle half▲ 34.9%€60,921below the sector's middle half▲ 17.6%
Total assets€205,086below the sector's middle half▲ 23.7%€257,467below the sector's middle half▲ 25.5%€274,994below the sector's middle half▲ 6.8%€351,175below the sector's middle half▲ 27.7%€322,054within the sector's middle half▼ 8.3%
Debt€184,668▲ 24.5%€234,313▲ 26.9%€236,580▲ 1.0%€299,356▲ 26.5%€261,133▼ 12.8%
Working capital€18,311below the sector's middle half▲ 14.6%€21,777below the sector's middle half▲ 18.9%€36,959below the sector's middle half▲ 69.7%€48,909within the sector's middle half▲ 32.3%€30,107within the sector's middle half▼ 38.4%
Solvency10.0%below the sector's middle half▼ 0.6pp9.0%below the sector's middle half▼ 1.0pp14.0%below the sector's middle half▲ 5.0pp14.8%below the sector's middle half▲ 0.8pp18.9%below the sector's middle half▲ 4.2pp
Current ratio1.10below the sector's middle half▼ 0.011.09below the sector's middle half▼ 0.011.16below the sector's middle half▲ 0.061.16below the sector's middle half▲ 0.011.12below the sector's middle half▼ 0.05
Return on assets (ROA)1.4%below the sector's middle half▲ 1.0pp1.1%below the sector's middle half▼ 0.4pp5.5%within the sector's middle half▲ 4.5pp3.8%within the sector's middle half▼ 1.7pp2.8%within the sector's middle half▼ 1.0pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,054
Fixed assets
€30,814 ▲ 959%
Current assets
€291,241 ▼ 16.4%
Equity and liabilities €322,054
Equity
€60,921 ▲ 17.6%
Debt
€261,133 ▼ 12.8%
Debt's share of the balance-sheet total falls from 85.2% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,314▲
2024 · €16,759
Cash flow
€15,199▲
2024 · €14,135
Quick ratio
0.98▲
2024 · 0.98
Debt to equity
4.29▼
2024 · 5.78
ROE
14.9%▼
2024 · 25.9%
Interest coverage
72.65▼
2024 · 121.30
Debt ≤ 1 year
€261,133▼
2024 · €299,356
Income taxes
€3,355▼
2024 · €5,012
Staff costs
€59,767▲
2024 · €57,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,341 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% | 1.8% |
| 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 4,508 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €49,413 | €51,299 | €56,807 | €57,950 | €59,767 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,295 | €731 | €870 | €730 | €6,096 | ▲ 735% |
| Other operating charges640/8 | €475 | €575 | €662 | €515 | €614 | ▲ 19.3% |
| Gross operating margin9900 | €52,592 | €54,242 | €77,724 | €75,224 | €77,696 | ▲ 3.3% |
| Operating profit (loss)9901 | €1,408 | €1,636 | €19,385 | €16,029 | €11,218 | ▼ 30.0% |
| Financial income75/76B | €1,686 | €1,799 | €1,616 | €2,526 | €1,478 | ▼ 41.5% |
| Recurring financial income75 | €1,686 | €1,799 | €1,616 | €2,526 | €1,478 | ▼ 41.5% |
| Financial charges65/66B | €140 | €138 | €142 | €138 | €238 | ▲ 72.5% |
| Recurring financial charges65 | €140 | €138 | €142 | €138 | €238 | ▲ 72.5% |
| Profit (loss) for the period before taxes9903 | €2,955 | €3,297 | €20,859 | €18,417 | €12,458 | ▼ 32.4% |
| Income taxes67/77 | - | €561 | €5,600 | €5,012 | €3,355 | ▼ 33.1% |
| Profit (loss) for the period9904 | €2,955 | €2,736 | €15,259 | €13,405 | €9,103 | ▼ 32.1% |
| Profit (loss) for the period to be appropriated9905 | €2,955 | €2,736 | €15,259 | €13,405 | €9,103 | ▼ 32.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,086 | €257,467 | €274,994 | €351,175 | €322,054 | ▼ 8.3% |
| Fixed assets21/28 | €2,108 | €1,377 | €1,455 | €2,910 | €30,814 | ▲ 959% |
| Tangible fixed assets22/27 | €2,108 | €1,377 | €1,455 | €2,910 | €30,814 | ▲ 959% |
| Plant, machinery and equipment23 | €2,108 | €1,377 | €1,455 | €2,910 | €1,797 | ▼ 38.2% |
| Furniture and vehicles24 | - | - | - | - | €29,016 | - |
| Current assets29/58 | €202,978 | €256,090 | €273,539 | €348,265 | €291,241 | ▼ 16.4% |
| Stocks and contracts in progress3 | €68,595 | €43,120 | €40,360 | €56,057 | €35,575 | ▼ 36.5% |
| Stocks30/36 | €31,845 | €25,620 | €22,360 | €24,357 | €23,275 | ▼ 4.4% |
| Contracts in progress37 | €36,750 | €17,500 | €18,000 | €31,700 | €12,300 | ▼ 61.2% |
| Amounts receivable within one year40/41 | €126,335 | €207,356 | €227,300 | €261,919 | €199,691 | ▼ 23.8% |
| Trade receivables40 | €126,335 | €207,356 | €227,300 | €261,919 | €199,691 | ▼ 23.8% |
| Cash at bank and in hand54/58 | €6,740 | €4,144 | €4,355 | €28,859 | €54,165 | ▲ 87.7% |
| Deferred charges and accrued income490/1 | €1,308 | €1,471 | €1,525 | €1,430 | €1,810 | ▲ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,086 | €257,467 | €274,994 | €351,175 | €322,054 | ▼ 8.3% |
| Equity10/15 | €20,418 | €23,154 | €38,414 | €51,819 | €60,921 | ▲ 17.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Profit (loss) carried forward14 | €14,218 | €16,954 | €32,214 | €45,619 | €54,721 | ▲ 20.0% |
| Amounts payable17/49 | €184,668 | €234,313 | €236,580 | €299,356 | €261,133 | ▼ 12.8% |
| Amounts payable within one year42/48 | €184,668 | €234,313 | €236,580 | €299,356 | €261,133 | ▼ 12.8% |
| Trade debts44 | €5,596 | €4,415 | €2,094 | €5,766 | €2,095 | ▼ 63.7% |
| Suppliers440/4 | €5,596 | €4,415 | €2,094 | €5,766 | €2,095 | ▼ 63.7% |
| Taxes, remuneration and social security45 | - | €561 | €5,600 | €5,012 | €5,316 | ▲ 6.1% |
| Taxes450/3 | - | €561 | €5,600 | €5,012 | €3,355 | ▼ 33.1% |
| Remuneration and social security454/9 | - | - | - | - | €1,961 | - |
| Other amounts payable47/48 | €179,071 | €229,337 | €228,886 | €288,578 | €253,722 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,955 | €2,736 | €15,259 | €13,405 | €9,103 | ▼ 32.1% |
| + Depreciation and write-downs630 | €1,295 | €731 | €870 | €730 | €6,096 | ▲ 735% |
| Operating cash flow (approximation) | €4,250 | €3,467 | €16,130 | €14,135 | €15,199 | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | €0 | -€948 | -€2,185 | -€34,000 | ▼ 1,456% |
| Change in cash | - | -€2,596 | €211 | €24,504 | €25,306 | ▲ 3.3% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €15,259 ▲458%
Operating result €19,385, net result €15,259, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €800 ▼35.5%
Net result drops to €800, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Büllingen · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Manderfeld 2164760 Büllingen1 establishment unit
Meyer Sanitherm
since 20102.193.366.176
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Of 9,531 companies in this sector we hold annual accounts for 5,666. 4,703 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
25401Forging of metal
43221Plumbing work
43310Plastering work
43331Floor and wall tiling
Contact
Phone
080548030Büllingen
Fax
080398991Büllingen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830304360
Registered
18-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.