Van Mieghem Machelen
ActiveVan Mieghem Machelen has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €19k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 71% of 434 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+1
Solvency92▲+3
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 3.24 in 2024; short-term debt: 26.7% and cash: 0.2% of total assets), and 33.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
1.2%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
45 d early
2022
47 d early
2021
44 d early
2020
41 d early
2019
40 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.34M▼ 2.8%
2024 · €1.37M
2019: €3.38M
2020: €2.95M
2021: €2.40M
2022: €2.14M
2023: €1.70M
2024: €1.37M
2019 → 2025
EBIT margin
0.0%▼ 0.5pp
2024 · 0.5%
2019: 0.3%
2020: 3.1%
2021: 2.6%
2022: 4.5%
2023: 22.2%
2024: 0.5%
2019 → 2025
Net result
€19k▼ 19.8%
2024 · €24k
2019: €10k
2020: €65k
2021: €44k
2022: €70k
2023: €341k
2024: €24k
2019 → 2025
Working capital
€749k▼ 23.8%
2024 · €983k
2019: €266k
2020: €330k
2021: €-434k
2022: €426k
2023: €975k
2024: €983k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.40M-€2.14M▼ 10.6%€1.70M▼ 20.9%€1.37M▼ 19.0%€1.34M▼ 2.8%
Equity€581k-€651k▲ 12.0%€1.10M▲ 68.7%€1.10M▼ 0.1%€1.09M▼ 0.6%
Operating result€62k-€97k▲ 56.6%€376k▲ 288%€7k▼ 98.1%€-508
Net result€44k-€70k▲ 57.9%€341k▲ 387%€24k▼ 93.0%€19k▼ 19.8%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €508 after €7k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.64M
Fixed assets
€453k▲ 51.4%
Current assets
€1.19M▼ 16.7%
Equity and liabilities €1.64M
Equity
€1.09M▼ 0.6%
Debt
€547k▼ 12.3%
The debt ratio falls from 36.2% to 33.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €100k
Cash flow
€129k▲
2024 · €117k
Solvency
66.6%▲
2024 · 63.8%
Current ratio
2.71▼
2024 · 3.24
Quick ratio
2.71▼
2024 · 3.24
Debt / equity
0.50▼
2024 · 0.57
ROE
1.7%▼
2024 · 2.2%
ROA
1.2%▼
2024 · 1.4%
Interest coverage
9.92▲
2024 · 7.13
Debt
€547k▼
2024 · €624k
Debt ≤ 1 year
€437k▼
2024 · €439k
Debt > 1 year
€105k▼
2024 · €184k
Income taxes
€360▲
2024 · €356
Staff costs
€868k▲
2024 · €783k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.72M€1.64M▼
Fixed assets21/28€299k€453k▲
Tangible fixed assets22/27€299k€453k▲
Furniture and vehicles24€299k€453k▲
Financial fixed assets28€50€50=
Other financial fixed assets284/8€50€50=
Amounts receivable and cash guarantees285/8€50€50=
Current assets29/58€1.42M€1.19M▼
Amounts receivable within one year40/41€1.30M€1.18M▼
Trade receivables40€1.30M€1.16M▼
Other amounts receivable41€1k€15k▲
Cash at bank and in hand54/58€109k€3k▼
Deferred charges and accrued income490/1€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.72M€1.64M▼
Equity10/15€1.10M€1.09M▼
Contributions10/11€97k€97k=
Capital10€97k€97k=
Issued capital100€97k€97k=
Reserves13€389k€389k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€19k€19k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€137k€137k=
Distributable reserves133€230k€230k=
Profit (loss) carried forward14€530k€549k▲
Investment grants15€81k€56k▼
Amounts payable17/49€624k€547k▼
Amounts payable after more than one year17€184k€105k▼
Financial debts170/4€184k€105k▼
Credit institutions173€184k€105k▼
Amounts payable within one year42/48€439k€437k▼
Current portion of amounts payable after more than one year42€79k€79k=
Trade debts44€180k€210k▲
Suppliers440/4€180k€210k▲
Taxes, remuneration and social security45€180k€147k▼
Taxes450/3€80k€17k▼
Remuneration and social security454/9€101k€130k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Operating income70/76A€1.76M€1.72M▼
Turnover70€1.37M€1.34M▼
Other operating income74€382k€381k▼
Operating charges60/66A€1.75M€1.72M▼
Services and other goods61€873k€739k▼
Remuneration, social security and pensions62€783k€868k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€110k▲
Other operating charges640/8€7€41▲
Operating profit (loss)9901€7k€-508▼
Financial income75/76B€31k€31k▼
Recurring financial income75€31k€31k▼
Other financial income752/9€31k€31k▼
Financial charges65/66B€14k€11k▼
Recurring financial charges65€14k€11k▼
Debt charges650€14k€11k▼
Other financial charges652/9€0-
Profit (loss) for the period before taxes9903€24k€19k▼
Income taxes67/77€356€360▲
Taxes670/3€356€360▲
Profit (loss) for the period9904€24k€19k▼
Profit (loss) for the period to be appropriated9905€24k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€530k€549k▲
Profit (loss) brought forward from the previous period14P€507k€530k▲
Social balance
Average headcount (FTE)908719.215.6▼
The notes to these accounts (38 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €341k ▲387%
Operating result €376k, net result €341k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.42 to 3.08; short-term debt falls from €1.02M to €469k.
31-12
Financial
Equity above €1MEq €1.10M ▲68.7%
5 profitable years in a row build equity to €1.10M.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.42
Current ratio from 0.62 to 1.42; short-term debt falls from €1.13M to €1.02M.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-02-2018
Top Guy: Resigned as Director
16-03-2016
Thonon Jean-Pierre: Resigned as Director
16-03-2016
Wellens Jean-Pierre: Resigned as Director
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 1970
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.
Trawoollaan 8.001830 Machelen (Brab.)Ground area
7,305 m²
Building footprint
3,749 m²
Volume, LiDAR
3,757 m³
Parcel 23047A0054/00R004, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
Trawoollaan 8, 1830 Machelen (Brab.)
since 19702.005.411.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0054/00R004 | Flanders | 7,305 m² | 1 · 3,749 m² | 6.7 m |
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
2023 to 2025 · 2 entries · 181,733 EUR awarded · 126,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 55,333 EUR | 0 EUR |
| 2023 | 1 | 126,400 EUR | 126,400 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteMachelen (Vl.Br.)2.005.411.751
Parcel delivery
Notified to the BIPT
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Of 361 companies in sector 77120 we hold annual accounts for 233. 147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1970
Fiscal year end31-12
Legal name FR
Van Mieghem Trust Forwarding
Abbreviation FR
V.M.T.F.
Activities, NACEBEL
49410Freight transport by road
71210
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.