MECONDOR
ActiveSummary
MECONDOR has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.23M and a net result of €352k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 94% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-12
Solvency100=
Growth49▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 5.01 against 6.29 in 2024; short-term debt: 11.4% and cash: 9.2% of total assets), and 11.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
88.6%
Return on assets
3.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €9.23M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 filingsDeviation from the deadline
2025
12 d late
2024
12 d late
2023
20 d late
2022
22 d late
2021
11 d late
2020
23 d late
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€10.65M▼ 12.5%
2024 · €12.17M
2018: €8.89M
2019: €10.62M
2020: €8.86M
2021: €11.62M
2022: €13.61M
2023: €12.12M
2024: €12.17M
2018 → 2025
EBIT margin
5.4%▼ 5.5pp
2024 · 10.9%
2018: 8.2%
2019: 11.2%
2020: 6.8%
2021: 5.3%
2022: 5.1%
2023: 4.1%
2024: 10.9%
2018 → 2025
Net result
€352k▼ 67.7%
2024 · €1.09M
2018: €680k
2019: €934k
2020: €407k
2021: €625k
2022: €684k
2023: €283k
2024: €1.09M
2018 → 2025
Working capital
€4.75M▼ 15.1%
2024 · €5.59M
2018: €5.56M
2019: €4.69M
2020: €4.18M
2021: €4.16M
2022: €4.63M
2023: €4.96M
2024: €5.59M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.62M-€13.61M▲ 17.1%€12.12M▼ 11.0%€12.17M▲ 0.4%€10.65M▼ 12.5%
Equity€8.00M-€8.19M▲ 2.4%€8.32M▲ 1.6%€9.14M▲ 9.9%€9.23M▲ 0.9%
Operating result€618k-€693k▲ 12.2%€491k▼ 29.1%€1.33M▲ 170%€580k▼ 56.3%
Net result€625k-€684k▲ 9.4%€283k▼ 58.6%€1.09M▲ 285%€352k▼ 67.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.42M
Fixed assets
€4.49M ▲ 26.1%
Current assets
€5.93M ▼ 10.8%
Equity and liabilities €10.42M
Equity
€9.23M ▲ 0.9%
Provisions
€5k =
Debt
€1.18M ▲ 12.0%
Debt's share of the balance-sheet total rises from 10.3% to 11.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€981k▼
2024 · €1.71M
Cash flow
€754k▼
2024 · €1.47M
Current ratio
5.01▼
2024 · 6.29
Quick ratio
3.85▼
2024 · 4.68
Debt to equity
0.13▲
2024 · 0.12
ROE
3.8%▼
2024 · 11.9%
ROA
3.4%▼
2024 · 10.7%
Interest coverage
53921.01▲
2024 · 334.68
Debt ≤ 1 year
€1.18M▲
2024 · €1.06M
Income taxes
€125k▼
2024 · €371k
Staff costs
€2.16M▼
2024 · €2.37M
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 · 2025 against 2024 · 79 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.21M€10.42M▲
Fixed assets21/28€3.56M€4.49M▲
Tangible fixed assets22/27€2.94M€3.87M▲
Land and buildings22€2.55M€3.42M▲
Plant, machinery and equipment23€336k€372k▲
Furniture and vehicles24€51k€75k▲
Financial fixed assets28€621k€621k=
Affiliated companies280/1€611k€611k=
Participating interests280€611k€611k=
Other financial fixed assets284/8€11k€11k=
Amounts receivable and cash guarantees285/8€11k€11k=
Current assets29/58€6.64M€5.93M▼
Stocks and contracts in progress3€1.71M€1.38M▼
Stocks30/36€1.71M€1.38M▼
Raw materials and consumables30/31€993k€1.00M▲
Finished goods33€715k€376k▼
Amounts receivable within one year40/41€2.40M€2.67M▲
Trade receivables40€2.30M€2.58M▲
Other amounts receivable41€98k€98k▼
Current investments50/53€1.50M€881k▼
Other investments51/53€1.50M€881k▼
Cash at bank and in hand54/58€998k€955k▼
Deferred charges and accrued income490/1€40k€42k▲
Equity and liabilities
Total equity and liabilities10/49€10.21M€10.42M▲
Equity10/15€9.14M€9.23M▲
Contributions10/11€348k€348k=
Capital10€348k€348k=
Issued capital100€348k€348k=
Reserves13€326k€326k=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€89k€89k=
Distributable reserves133€202k€202k=
Profit (loss) carried forward14€8.30M€8.41M▲
Investment grants15€174k€151k▼
Provisions and deferred taxes16€5k€5k=
Provisions for liabilities and charges160/5€5k€5k=
Other liabilities and charges164/5€5k€5k=
Amounts payable17/49€1.06M€1.18M▲
Amounts payable within one year42/48€1.06M€1.18M▲
Trade debts44€495k€587k▲
Suppliers440/4€495k€587k▲
Taxes, remuneration and social security45€280k€330k▲
Taxes450/3€48k€67k▲
Remuneration and social security454/9€232k€263k▲
Other amounts payable47/48€281k€266k▼
Income statement
Code20242025
Operating income70/76A€12.60M€10.46M▼
Turnover70€12.17M€10.65M▼
Change in stocks of work in progress, finished goods and contracts in progress71€255k€-340k▼
Other operating income74€144k€139k▼
Non-recurring operating income76A€30k€15k▼
Operating charges60/66A€11.27M€9.88M▼
Goods for resale, raw materials and consumables60€7.12M€5.96M▼
Purchases600/8€7.04M€5.97M▼
Change in stocks: decrease (increase)609€80k€-9k▼
Services and other goods61€1.36M€1.34M▼
Remuneration, social security and pensions62€2.37M€2.16M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€378k€401k▲
Other operating charges640/8€44k€11k▼
Non-recurring operating charges66A€30€79▲
Operating profit (loss)9901€1.33M€580k▼
Financial income75/76B€139k€77k▼
Recurring financial income75€139k€77k▼
Income from current assets751€87k€45k▼
Other financial income752/9€51k€32k▼
Financial charges65/66B€5k€180k▲
Recurring financial charges65€5k€180k▲
Debt charges650-€18
Other financial charges652/9€5k€180k▲
Profit (loss) for the period before taxes9903€1.46M€478k▼
Income taxes67/77€371k€125k▼
Taxes670/3€371k€125k▼
Profit (loss) for the period9904€1.09M€352k▼
Profit (loss) for the period to be appropriated9905€1.09M€352k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8.54M€8.65M▲
Profit (loss) brought forward from the previous period14P€7.45M€8.30M▲
Profit to be distributed694/7€244k€244k=
Return on contributions (dividend)694€244k€244k=
Social balance
Average headcount (FTE)908737.037.0=
The notes to these accounts (51 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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 12 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 12 days late
2024
31-12
Financial
Highest result since 2018net €1.09M ▲285%
Operating result €1.33M, net result €1.09M, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €283k ▼58.6%
Net result drops to €283k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sankt Vith · 3 establishment units since 1978
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.
Mercatorstraße 74780 Sankt Vith3 establishment units
Rodter Strasse 26, 4780 Sankt Vith
since 19782.014.891.324
Prümer Strasse 19, 4780 Sankt Vith
since 19782.332.939.773
Mercatorstraße 7, 4780 Sankt Vith
since 20212.332.939.872
Recognitions · licences · registrations
Legal Entity Identifier
9676006KX9FFEJVI5F58
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Of 33 companies in sector 20600 we hold annual accounts for 27. 16 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 formPublic limited company
Founded21-04-1978
Fiscal year end31-12
Activities, NACEBEL 2025
20600Manufacture of chemicals and chemical products
22260Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filings
Scores and ratios are computed by Checked and are not a credit decision.