Result
From profit to loss in 2025, after a profit of €3,826 in 2024.
From profit to loss in 2025, after a profit of €3,826 in 2024.
The accounts state no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €128,304 to €148,772.
The 2018 accounts came 6 days late. The other nine of the last ten were filed on time.
Lower net result than 81% of companies in real estate. Sector median €20,538 · 5,811 companies.
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).
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).
In July 2024, 8,617 companies had the same profile as MEVACO BEHEER has now. Each dot stands for 22 companies, two years later.
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.
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.
| 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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
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