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MEVACO BEHEER

Active Public limited companyfounded 1984active for 42 yearsStationsstraat 41, 9880 AalterKBO/BCE: BE 0427.139.795 subsidiary of NERO#9 oldest company in Aalter, Real estate sector
Part of the group NERO 9 companies
See the group

Lifetime

20 annual accounts with figures on one time axis, 40 filings since 1985
peak €627,463 (2015)
€87,773▼ 47.7%
lowest -€145,986 (2011)
-€76,172▼ €79,998
peak €1.4m (2024)
€1.3m▼ 5.4%
€934,417▼ 5.5%
Board2 names since 2017
2 directorsPieyns Mieke and 1 other
Owners2 names in the annual accounts
100%NERO
Documentsfilings and deeds
22-07-20269 days before the deadline
2025financial year
Gross margin from €167,673 to €87,773Loss of €76,172Cash from €38,561 to €5,458

Key points

from the 2025 annual accounts

Result

-€76,172 -€76,172
€3,8302024-€76,2002025

From profit to loss in 2025, after a profit of €3,826 in 2024.

Turnover

≈ €230,000 estimated

The accounts state no turnover.

Investments

€51,016 0.4 × depreciation

Green is investment, beige is depreciation.

Liquidity

0.39 was 0.86 in 2024

Short-term debts rose from €128,304 to €148,772.

Filings

40 annual accounts since 1985
AprilJune31 JulyOctober1990200020102020

The 2018 accounts came 6 days late. The other nine of the last ten were filed on time.

Position in the sector

-€76,172

Lower net result than 81% of companies in real estate. Sector median €20,538 · 5,811 companies.

Checked score

94
Excellent
Financially stronger than 52% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value

Financial strength
Strong

84=equity 58.7% of total assets
50-2short-term debt 6.6% · cash 0.2%
47-22return on assets -3.4%

Score breakdown

raises risk
Liquidity: current ratio 0.39, cash €5,458, halved
Loss of €76,172 (financial year 2025)
lowers risk
Size: total assets €2.3m
Founded in 1984
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 74% of them on solvency, 58% on liquidity, 47% on profitability and 28% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as MEVACO BEHEER has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MEVACO BEHEER itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for MEVACO BEHEER. 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.

Credit verdict

Credit of up to €120,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.39 (0.86 in 2024), below 1. Short-term debt is 6.6% and cash 0.2% of total assets. 41.3% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.39, cash €5,458, halved
NBB · annual accounts
lowers risk · Size: total assets €2.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €76,172 (financial year 2025)
NBB · annual accounts
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
3 days early
2023
12 days early
2022
2 days early
2021
2 days early
2020
17 days early
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PM
Managing director
VH
Managing director
  • NERO 100%equity €11.3m (2025) · 2025 annual accounts of NERO
Board & ownership

Recent changes

Environmental permit granted Hoogstammige bomen vellen die geen deel uitmaken van een bos · Gent
Registered in the Peppol Directory Reachable for e-invoices through 0208:0427139795
Reappointments: Pieyns Mieke (managing director) and Van Holsbeke Eddy (managing director) General meeting of 13-06-2023 · Gazette deed
Company renamed from PROMO GANDA to MEVACO BEHEER General meeting of 30-07-2020 · Gazette deed
All 54 events

Comparable companies

same main activity, similar in size and age
Company
MEVACO BEHEER Aalter €2.3m €87,773 58.7% -
Erwigo Aalst €2.6m €97,186 45.1% -
DE HAUW INVEST Berlare €2.4m €126,990 57.0% 0
IMMO DUSSART Waterloo €2.3m €99,995 11.1% -
DOUVIER Antwerp €2.1m €94,442 -43.3% 0
BEPA Knokke-Heist €2.2m €76,816 81.9% 0
SCHOLLIER-STRUBBE BOUWPROMOTIE Koekelare €2.2m €80,982 90.5% -

These companies have the same main activity as MEVACO BEHEER: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.1m and €2.6m, founded between 1981 and 1988.

Official details

Source: KBO
Status
Active since 13-09-1984Normal situation
Activity
Development of residential building projectsNACE 68121
Establishment unit
2.035.478.6829880 Aalter, since 20-08-1986
Financial year end
31 December
Peppol
Reachable since 24-09-2025
Company details

Annual accounts 2025

€2.3m▼ 5.5%
Filing
Filed on 22-07-2026, 9 days before the end of the filing period
Financials

Insights on MEVACO BEHEER

MEVACO BEHEER has existed since 1984. The gross margin fell from €627,463 in 2015 to €24,484 in 2017.

NERO holds all the shares. In December 2024, the Official Gazette published the appointment of Pieyns Mieke as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MEVACO BEHEER

What is the company number of MEVACO BEHEER?
The company number of MEVACO BEHEER is 0427.139.795. The VAT number is the same number with BE in front: BE 0427.139.795.
Where is MEVACO BEHEER based?
The registered office is at Stationsstraat 41, 9880 Aalter.Company details
What does MEVACO BEHEER do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of MEVACO BEHEER?
MEVACO BEHEER is a public limited company (NV).
When was MEVACO BEHEER founded?
MEVACO BEHEER was founded on 13-09-1984.
Is MEVACO BEHEER still active?
Yes, MEVACO BEHEER is an active enterprise in the KBO register.
What is the turnover of MEVACO BEHEER?
The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €87,773 and 48 comparable companies (NACE 681). It probably lies between €120,000 and €540,000.Financials
Is MEVACO BEHEER profitable?
In financial year 2025, MEVACO BEHEER made a loss of €76,172.
Where can I find the annual accounts of MEVACO BEHEER?
MEVACO BEHEER filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MEVACO BEHEER due?
MEVACO BEHEER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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