METHODE ELECTRONICS BELGIUM
ActiveSummary
METHODE ELECTRONICS BELGIUM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.4m and a net result of €4.5m. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 192 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
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History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,577 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €26.7m | €33.1m | €39.2m | €37.4m | ▼ 4.6% |
| Turnover70 | €28.4m | €28.2m | €34.1m | €38.2m | €36.9m | ▼ 3.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€1.9m | -€2.1m | €476,083 | -€161,985 | ▼ 134% |
| Other operating income74 | - | €349,542 | €1.1m | €511,087 | €629,773 | ▲ 23.2% |
| Non-recurring operating income76A | - | €55,385 | - | €1,653 | - | - |
| Operating charges60/66A | - | €23.4m | €28.9m | €32.8m | €31.6m | ▼ 3.7% |
| Goods for resale, raw materials and consumables60 | - | €11.2m | €15.5m | €19.8m | €18.1m | ▼ 8.5% |
| Purchases600/8 | - | €11.6m | €15.8m | €19.8m | €17.8m | ▼ 10.3% |
| Change in stocks: decrease (increase)609 | - | -€350,520 | -€292,859 | -€61,279 | €316,144 | ▲ 616% |
| Services and other goods61 | - | €5.0m | €6.3m | €5.8m | €5.7m | ▼ 0.6% |
| Remuneration, social security and pensions62 | - | €5.3m | €6.0m | €6.1m | €6.6m | ▲ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.9m | €1.6m | €1.1m | €1.0m | €1.2m | ▲ 12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €172,290 | -€64,196 | €24,758 | -€35,147 | ▼ 242% |
| Other operating charges640/8 | - | €26,052 | €25,739 | €28,966 | €24,671 | ▼ 14.8% |
| Operating profit (loss)9901 | €3.4m | €3.3m | €4.2m | €6.4m | €5.8m | ▼ 9.1% |
| Financial income75/76B | - | €191,822 | €773,298 | €296,521 | €239,520 | ▼ 19.2% |
| Recurring financial income75 | €126,206 | €191,822 | €773,298 | €296,521 | €239,520 | ▼ 19.2% |
| Income from current assets751 | - | €69,513 | €80,875 | €34,603 | €76,058 | ▲ 120% |
| Other financial income752/9 | - | €122,309 | €692,423 | €261,918 | €163,461 | ▼ 37.6% |
| Financial charges65/66B | - | €171,996 | €175,506 | €139,079 | €62,141 | ▼ 55.3% |
| Recurring financial charges65 | €140,303 | €171,996 | €175,506 | €139,079 | €62,141 | ▼ 55.3% |
| Debt charges650 | €58,431 | €110,867 | €136,117 | €98,360 | €27,568 | ▼ 72.0% |
| Other financial charges652/9 | - | €61,129 | €39,389 | €40,719 | €34,573 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €3.3m | €3.3m | €4.7m | €6.6m | €6.0m | ▼ 8.6% |
| Transfer from deferred taxes780 | - | €11,666 | €3,461 | €3,073 | €3,073 | = |
| Income taxes67/77 | €904,989 | €865,082 | €1.1m | €1.7m | €1.5m | ▼ 8.8% |
| Taxes670/3 | - | €865,082 | €1.1m | €1.7m | €1.5m | ▼ 8.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €1,758 | - |
| Profit (loss) for the period9904 | €2.5m | €2.5m | €3.7m | €4.9m | €4.5m | ▼ 8.5% |
| Transfer from tax-exempt reserves789 | - | €627,099 | €10,382 | €9,218 | €1.9m | ▲ 20,108% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €3.1m | €3.7m | €4.9m | €6.3m | ▲ 29.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.3m | €28.0m | €27.1m | €28.8m | €29.2m | ▲ 1.1% |
| Fixed assets21/28 | €6.6m | €7.9m | €8.3m | €8.3m | €7.2m | ▼ 13.5% |
| Intangible fixed assets21 | €97,325 | €61,239 | €22,972 | €4,289 | €66 | ▼ 98.5% |
| Tangible fixed assets22/27 | €6.5m | €7.8m | €8.3m | €8.3m | €7.2m | ▼ 13.5% |
| Land and buildings22 | - | €2.0m | €1.9m | €1.8m | €1.7m | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €3.0m | €4.5m | €5.0m | €4.5m | ▼ 10.4% |
| Furniture and vehicles24 | - | €99,954 | €85,399 | €97,985 | €166,101 | ▲ 69.5% |
| Leasing and similar rights25 | - | €91,185 | €13,846 | €6,401 | €4,026 | ▼ 37.1% |
| Other tangible fixed assets26 | - | €5,069 | €4,016 | €2,962 | €1,909 | ▼ 35.6% |
| Assets under construction and advance payments27 | - | €2.6m | €1.8m | €1.3m | €798,343 | ▼ 40.3% |
| Financial fixed assets28 | €5,880 | €3,180 | €3,180 | €3,180 | €3,180 | = |
| Other financial fixed assets284/8 | - | €3,180 | €3,180 | €3,180 | €3,180 | = |
| Amounts receivable and cash guarantees285/8 | - | €3,180 | €3,180 | €3,180 | €3,180 | = |
| Current assets29/58 | €15.7m | €20.2m | €18.8m | €20.5m | €22.0m | ▲ 7.0% |
| Amounts receivable after more than one year29 | - | €4.3m | €1.1m | €762,586 | €2.7m | ▲ 257% |
| Other amounts receivable291 | - | €4.3m | €1.1m | €762,586 | €2.7m | ▲ 257% |
| Stocks and contracts in progress3 | €2.5m | €5.5m | €3.7m | €4.3m | €3.8m | ▼ 10.4% |
| Stocks30/36 | - | €2.6m | €2.7m | €3.0m | €2.7m | ▼ 8.6% |
| Raw materials and consumables30/31 | - | €2.1m | €2.4m | €2.5m | €2.2m | ▼ 11.3% |
| Finished goods33 | - | €485,306 | €220,439 | €504,946 | €528,896 | ▲ 4.7% |
| Contracts in progress37 | - | €2.9m | €1.1m | €1.3m | €1.1m | ▼ 14.7% |
| Amounts receivable within one year40/41 | €6.6m | €6.6m | €11.2m | €14.3m | €14.1m | ▼ 1.5% |
| Trade receivables40 | - | €5.8m | €9.5m | €8.6m | €8.2m | ▼ 4.3% |
| Other amounts receivable41 | - | €869,247 | €1.7m | €5.7m | €5.9m | ▲ 2.9% |
| Cash at bank and in hand54/58 | €817,581 | €3.5m | €2.2m | €941,565 | €611,651 | ▼ 35.0% |
| Deferred charges and accrued income490/1 | - | €213,788 | €625,371 | €295,928 | €748,267 | ▲ 153% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.3m | €28.0m | €27.1m | €28.8m | €29.2m | ▲ 1.1% |
| Equity10/15 | €12.8m | €12.2m | €13.0m | €18.0m | €22.4m | ▲ 24.2% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Revaluation surpluses12 | - | €586,754 | €586,754 | €586,754 | €586,754 | = |
| Reserves13 | €10.5m | €10.0m | €10.7m | €15.6m | €20.1m | ▲ 28.7% |
| Non-distributable reserves130/1 | - | €136,875 | €136,875 | €136,875 | €136,875 | = |
| Legal reserve130 | - | €136,875 | €136,875 | €136,875 | €136,875 | = |
| Tax-exempt reserves132 | - | €1.9m | €1.9m | €1.9m | €18,290 | ▼ 99.0% |
| Distributable reserves133 | - | €8.0m | €8.7m | €13.6m | €19.9m | ▲ 46.7% |
| Profit (loss) carried forward14 | €4.6m | - | - | - | - | - |
| Investment grants15 | - | €249,379 | €320,252 | €485,093 | €379,605 | ▼ 21.7% |
| Provisions and deferred taxes16 | €27,369 | €15,703 | €12,242 | €9,169 | €6,097 | ▼ 33.5% |
| Deferred taxes168 | - | €15,703 | €12,242 | €9,169 | €6,097 | ▼ 33.5% |
| Amounts payable17/49 | €9.5m | €15.8m | €14.2m | €10.8m | €6.7m | ▼ 37.6% |
| Amounts payable after more than one year17 | €976,043 | €5.5m | €3.5m | €4,025 | €1,618 | ▼ 59.8% |
| Financial debts170/4 | - | €5.5m | €3.5m | €4,025 | €1,618 | ▼ 59.8% |
| Leasing and similar obligations172 | - | €17,709 | €6,407 | €4,025 | €1,618 | ▼ 59.8% |
| Other loans174 | - | €5.5m | €3.5m | - | - | - |
| Amounts payable within one year42/48 | €7.9m | €9.5m | €9.9m | €8.2m | €4.7m | ▼ 42.1% |
| Current portion of amounts payable after more than one year42 | - | €2.1m | €2.0m | €3.5m | €2,407 | ▼ 99.9% |
| Trade debts44 | €4.6m | €3.2m | €3.5m | €3.1m | €3.6m | ▲ 16.3% |
| Suppliers440/4 | - | €3.2m | €3.5m | €3.1m | €3.6m | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | €1.2m | €1.4m | €1.6m | €1.2m | ▼ 28.0% |
| Taxes450/3 | - | €135,007 | €303,140 | €725,157 | €264,396 | ▼ 63.5% |
| Remuneration and social security454/9 | - | €1.0m | €1.1m | €910,549 | €912,922 | ▲ 0.3% |
| Other amounts payable47/48 | - | €3.0m | €3.0m | - | - | - |
| Accrued charges and deferred income492/3 | - | €754,855 | €738,341 | €2.6m | €2.0m | ▼ 23.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €2.5m | €3.7m | €4.9m | €4.5m | ▼ 8.5% |
| + Depreciation and write-downs630 | €1.9m | €1.6m | €1.1m | €1.0m | €1.2m | ▲ 12.5% |
| Operating cash flow (approximation) | €4.3m | €4.1m | €4.7m | €5.9m | €5.7m | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€1.5m | -€1.1m | -€52,116 | ▲ 95.1% |
| Change in cash | - | €2.7m | -€1.4m | -€1.2m | -€329,914 | ▲ 73.0% |
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
12-06
State Gazette act
Capital & shares · Purpose · Resignations & appointments · RestructuringResignations: Jonathan DE GAYNOR (director) and Laura KOWALCHYK (director) · Merger · Share issue20 facts ▸
- General meeting, assemblée générale
- Merger, absorption, transfert de l'intégralité de son patrimoine (activement et passivement)
- Share issue, A, 2877
- Capital increase, €1.000.000
- Shareholding, 02-05-2026, A
- Partner, Marc GENSTERBLUM (représentant de l'actionnaire unique de la société absorbée et de la société absorbée elle même)
- Dissolution, 08-05-2026
- Transfer of a branch of activity or universality, universality, article 12:15 du Code des sociétés et des associations
- Other statement, état du fonds de commerce, quitte et libre de toutes dettes et charges privilégiées
- Capital increase, €1.000.000
- Auditor report, 07-05-2026
- Other statement, Dépôt des rapports, Les deux rapports (commissaire et spécial) seront déposés au greffe du Tribunal de l'entreprise compétent avec une expédition du procès-verb…
- +8 further facts in this act
10-06
State Gazette act
Capital & shares · Purpose · Statutes amendment · RestructuringMerger · Accounting effect · Capital increase26 facts ▸
- General meeting, 08-05-2026
- Other statement, projet de fusion visé dans l'exposé préalable et autres documents visés par la loi, dispense de lecture du projet de fusion
- Other statement, formalités préalables accomplies, correctement accomplies
- Other statement, régime légal applicable, articles 12:50 à 12:58
- Merger, absorption par transfert de l'intégralité du patrimoine activement et passivement, unanimité des voix
- Accounting effect, 03-05-2026
- Capital increase, €62.000
- Purpose change
- General meeting, 08-05-2026
- Dissolution, sans mise en liquidation, merger
- Power of attorney, Marc Gensterblum
- Other statement, effectivité de la dissolution et des pouvoirs délégués, acceptation de la fusion par absorption par l'assemblée générale de la société absorbante
- +14 further facts in this act
About the unread acts
Of the 28 Belgian State Gazette acts we know for this company, 2 have been read. The other 26 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
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.
Rue Zénobe Gramme 9-114710 Lontzen1 establishment unit
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jonathan DE GAYNOR |
|
| Laura KOWALCHYK |
|
Articles of association
Full purpose (9 activities)
- Participations en qualité d'associée dans d'autres sociétés
- Acquisition, conservation et revente de valeurs mobilières
- Activités de holdings (coordination de services, mise à disposition de personnel, octroi de prêts et de garanties)
- Conception, réalisation et production de pièces en matière plastique
- Opérations foncières et immobilières (achat, construction, reconstruction, démolition, transformation, location)
- Étude, conseil, consultation, expertise, ingénierie, assistance au management, services en ressources humaines et environnement
- Actes et opérations industriels, commerciaux, financiers, mobilières ou immobilières se rapportant à l'objet social
- Mandat d'administrateur, de gérant ou de liquidateur
- Constitution d'hypothèque ou sûreté réelle, cautionnement
Structure & network
Owners and holdings
1 ownerChain of control
- METHODE ELECTRONICS, INC.US
- METHODE ELECTRONICS BELGIUIM
- METHODE ELECTRONICS BELGIUM
Highest known parent: METHODE ELECTRONICS, INC. (United States). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
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.