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The Meadow

Active
Public limited companyfounded 2016active for 9 yearsKortrijksesteenweg 157, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0666.433.847
Summary

The Meadow has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.1m) and a net result of -€2.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 5,708 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€1.4moperating income 2025
Equity
-€3.1m
Loss
-€2.1m
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
ODEBRECHT · 100%
Auditor: Figurad Bedrijfsrevisoren bvAccounts 31 days early2 of 7 deeds read
Why 52raises riskCapped at 59: negative equityNegative equity -€3.1m1 change of registered office in 24 monthsLiquidity: current ratio 0.04, cash €150,046lowers riskSize: turnover €161,559, total assets €33.7mShow the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 5% of its sector peers (NACE 68, medium-sized)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 16-6
equity -9.3% of total assets
Liquidity 8+2
short-term debt 78.9% · cash 0.4%
Profitability 7-19
return on assets -6.2%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,719 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026highest value 07-2026: 0.3%▼ -0.4 percentage points vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.04, compared with 1.25 in 2024; short-term debt: 78.9% and cash: 0.4% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 5% on solvency, 8% on liquidity, 3% on profitability and 3% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

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

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €161,559, total assets €33.7m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€3.1m
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.04, cash €150,046
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.1m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
31 days early
2024
14 days early
2023
30 days late
2022
140 days late
2021
31 days late
2020
11 days early
2019
36 days 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 16 days after the deadline; the sector median (NACE 68) for financial year 2024 is 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 31 August (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Power of…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointment: Figurad Bedrijfsrevisoren BV (commissaris revisor)Permanent representatives: Ann De Causmaecker…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€3.1m View
  • Risk: 4 loss-making years in a rowloss financial year 2025 -€2.1m View
  • Caution: Equity fell in 2025from -€1.0m to -€3.1m ▼ 204% View
  • Caution: Among the weakest 5% on net resultsector median €21,224 · 5,714 companies -€2.1m View
  • Controlled by ODEBRECHTultimately: Straco PE 100% View
  • A director leftlatest change 17-02-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€161,559
Loss
-€2.1m
Solvency
-9.3%
Turnover
Net result
20242025
Go to Financials

Timeline

Events
14
Since
2018
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 17-07-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of non-residential building projectsNACE 68122
Founded
16-11-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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