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MEBF

Active
Public limited companyfounded 195175 yrs activeEn Haute Marexhe 176, 4040 Herstal, BelgiumKBO/BCE: BE 0404.429.919
Summary

The computed 12-month bankruptcy probability of MEBF is 2.0% (moderate). The 2025 annual accounts show equity of €375,608 and a net result of €19,076. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 729 sector peers (fiscal year 2025). The company has been active since 1951 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25402NACE 25502NACE 28402
#2 oldest company in Herstal, Manufacturing sector1 site
Size
€3.1mtotal assets 2025
Staff
21.4 FTE
Equity
€375,608
Profit
€19,076
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
2.0%
Structure
Parent
3P CONCEPT · 99%
Board
7 members
Accounts filed 31 d late
Why 53- Equity €375,608 (12.1% of total assets)- Liquidity: current ratio 1.60, cash €61,218, halved- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- Latest accounts 31 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 27% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency 37=
equity 12.1% of total assets
Liquidity 31-3
short-term debt 44.4% · cash 2.0%
Profitability 46+16
return on assets 0.6%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (747 companies)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%● 0.0% vs 11-2024 01-2025: 1.3%▼ -0.5% vs 12-2024lowest value 02-2025: 1.3%▲ +1.7% vs 01-2025 03-2025: 1.3%▼ -0.5% vs 02-2025 04-2025: 1.3%▲ +2.2% vs 03-2025 05-2025: 1.3%▲ +0.8% vs 04-2025 06-2025: 1.4%▲ +4.8% vs 05-2025 07-2025: 1.6%▲ +17.1% vs 06-2025 08-2025: 2.3%▲ +41.5% vs 07-2025 09-2025: 1.6%▼ -32.0% vs 08-2025 10-2025: 1.6%● 0.0% vs 09-2025 11-2025: 1.6%● 0.0% vs 10-2025 12-2025: 1.6%● 0.0% vs 11-2025 01-2026: 1.6%● 0.0% vs 12-2025 02-2026: 1.6%▲ +1.7% vs 01-2026 03-2026: 1.6%● 0.0% vs 02-2026 04-2026: 1.7%▲ +5.2% vs 03-2026 05-2026: 1.7%▲ +0.8% vs 04-2026 06-2026: 1.7%▲ +1.0% vs 05-2026 07-2026: 1.7%▼ -0.2% vs 06-2026 08-2026: 2.6%▲ +55.1% vs 07-2026highest value 09-2026: 2.0%▼ -25.0% vs 08-2026 10-2026: 2.0%● 0.0% vs 09-2026
  • Equity €375,608 (12.1% of total assets) raises the probability
  • Liquidity: current ratio 1.60, cash €61,218, halved raises the probability
  • Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.49 in 2024; short-term debt: 44.4% and cash: 2% of total assets), but 87.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 10%, liquidity 24%, profitability 22%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Equity €375,608 (12.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.60, cash €61,218, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 729 sector peers (2025).
NBB · sector comparison
Position among 729 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
28 d late
2023
33 d early
2022
46 d early
2021
122 d late
2020
31 d late
2019
122 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 28 August (4 of the last 5 filed years within 74 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointment: FP Conseil SCOMM (director)Power of attorney
  2. Annual accounts filedfiscal year 2025 · full…
  3. Back to profitnet €19,076

Key points

  • Positive: Back in profit in 2025after -€107,236 in 2024 €19,076 View
  • Caution: Among the weakest 11% on solvencysector median 45.9% · 729 companies 12.1% View
  • Controlled by 3P CONCEPT 99% View
  • Active since 1951founded 27-02-1951 75 years View
  • New directorlatest change 12-06-2026 · 7 in office 1 joined View

By topic

Financials

Fiscal year
2025
Total assets
€3.1m
Profit
€19,076
Solvency
12.1%
Total assets▲ 4.2%
Net result
20182025
Go to Financials

Timeline

Events
30
Since
2010
Next accounts
by 31-07-2027
  1. 28-09-2026Reappointment: FP Conseil SCOMM (director)
  2. 31-08-2026Annual accounts filed
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25402
Founded
27-02-1951
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La société a pour objet: l'achat, l'importation, l'exportation de toutes matières ou…
Go to Articles of association

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