TUINWERKEN DE MEULEMEESTER
ActiveSummary
The computed 12-month bankruptcy probability of TUINWERKEN DE MEULEMEESTER is 1.7% (moderate). The 2024 annual accounts show equity of €264k and a net result of €74k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 2437 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+10
Solvency88▲+28
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 1.22 in 2023; short-term debt: 15.4% and cash: 5.7% of total assets), and 37.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
8 d early
2022
17 d early
2021
18 d early
2020
86 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€264k▲ 38.7%
2023 · €191k
2019: €98k
2020: €149k
2021: €204k
2022: €254k
2023: €191k
2019 → 2024
Total assets
€421k▼ 22.1%
2023 · €541k
2019: €162k
2020: €412k
2021: €406k
2022: €645k
2023: €541k
2019 → 2024
Net result
€74k▲ 34.7%
2023 · €55k
2019: €79k
2020: €51k
2021: €56k
2022: €49k
2023: €55k
2019 → 2024
Working capital
€127k▲ 167%
2023 · €48k
2019: €62k
2020: €68k
2021: €130k
2022: €-36k
2023: €48k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€149k-€204k▲ 37.6%€254k▲ 24.2%€191k▼ 24.9%€264k▲ 38.7%
Operating result€58k-€71k▲ 23.1%€50k▼ 29.5%€71k▲ 41.8%€94k▲ 32.2%
Net result€51k-€56k▲ 10.1%€49k▼ 11.6%€55k▲ 10.9%€74k▲ 34.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €421k
Fixed assets
€229k ▼ 18.2%
Current assets
€192k ▼ 26.2%
Equity and liabilities €421k
Equity
€264k ▲ 38.7%
Debt
€157k ▼ 55.2%
Debt's share of the balance-sheet total falls from 64.8% to 37.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€187k▲
2023 · €161k
Cash flow
€167k▲
2023 · €145k
Current ratio
2.95▲
2023 · 1.22
Debt to equity
0.59▼
2023 · 1.84
ROE
27.9%▼
2023 · 28.7%
ROA
17.5%▲
2023 · 10.1%
Interest coverage
186.04▲
2023 · 40.20
Debt ≤ 1 year
€65k▼
2023 · €213k
Debt > 1 year
€92k▼
2023 · €138k
Income taxes
€19k▲
2023 · €12k
Staff costs
€95k▲
2023 · €93k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€541k€421k▼
Fixed assets21/28€281k€229k▼
Tangible fixed assets22/27€281k€229k▼
Plant, machinery and equipment23€14k€7k▼
Furniture and vehicles24€267k€222k▼
Current assets29/58€260k€192k▼
Amounts receivable within one year40/41€139k€168k▲
Trade receivables40€129k€168k▲
Other amounts receivable41€10k€300▼
Cash at bank and in hand54/58€121k€24k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€541k€421k▼
Equity10/15€191k€264k▲
Contributions10/11€19k€19k=
Reserves13€172k€246k▲
Distributable reserves133€172k€246k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€350k€157k▼
Amounts payable after more than one year17€138k€92k▼
Financial debts170/4€138k€92k▼
Amounts payable within one year42/48€213k€65k▼
Current portion of amounts payable after more than one year42€68k€46k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€8k€8k▲
Other amounts payable47/48€120k€878▼
Income statement
Code20232024
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€93k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€93k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€258k€286k▲
Operating profit (loss)9901€71k€94k▲
Financial income75/76B€34€65▲
Recurring financial income75€34€65▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€67k€93k▲
Income taxes67/77€12k€19k▲
Profit (loss) for the period9904€55k€74k▲
Profit (loss) for the period to be appropriated9905€55k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€74k▲
Transfer from equity791/2€118k€0▼
Transfer to equity691/2€55k€74k▲
To other reserves6921€55k€74k▲
Profit to be distributed694/7€118k€0▼
Return on contributions (dividend)694€118k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.22 to 2.95; short-term debt falls from €213k to €65k.
31-12
Financial
Equity above €200kEq €264k ▲38.7%
6 profitable years in a row build equity to €264k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €49k ▼11.6%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €204k ▲37.6%
3 profitable years in a row build equity to €204k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Equity above €100kEq €149k ▲51.8%
2 profitable years in a row build equity to €149k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brakel · 1 establishment unit since 2018
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.
St.-Martensstraat 829660 BrakelGround area
2,742 m²
Building footprint
141 m²
Volume, LiDAR
843 m³
Parcel 45034B1005/00V000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TUINWERKEN DE MEULEMEESTER
since 20182.283.431.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45034B1005/00V000 | Flanders | 2,742 m² | 1 · 141 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 103 EUR awarded · 41 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 62 EUR | 0 EUR |
| 2022 | 1 | 41 EUR | 41 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesTUINWERKEN DE MEULEMEESTER BV42840
Similar companies · same sector, comparable size
LV METAALCONSTRUCTIES
BE 0875.201.702
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ISAPP
BE 1004.053.829
Tessenderlo-Ham · Eq €263,869
Smederij - Constructie W. VAN LEUGENHAEGE
BE 0423.750.438
Temse · Eq €263,837
M.S.F. Metalldesign
BE 0479.007.774
Gouvy · Eq €263,688
L.P.C. - MONTAGEBEDRIJF
BE 0473.501.837
Brussel · Eq €263,220
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,659 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
49410Freight transport by road
42110Construction of roads and motorways
42219Civil engineering
43120Site preparation
71113Urban planning and landscape architecture
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.