MECOP
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2020 was due by 31-03-2021 and was filed on 06-01-2021, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2020
84 d early
2019
36 d early
2018
79 d early
2017
96 d early
2016
87 d early
2015
45 d early
2014
95 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€726k▲ 6.7%
2019 · €681k
2018: €665k
2019: €681k
2018 → 2020
Total assets
€2.86M▼ 14.3%
2019 · €3.34M
2018: €3.19M
2019: €3.34M
2018 → 2020
Net result
€45k▲ 196%
2019 · €15k
2018: €1k
2019: €15k
2018 → 2020
Working capital
€427k▲ 50.2%
2019 · €284k
2018: €252k
2019: €284k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€665k-€681k▲ 2.3%€726k▲ 6.7%
Operating result€37k-€59k▲ 58.9%€85k▲ 43.8%
Net result€1k-€15k▲ 1,116%€45k▲ 196%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 44% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €2.86M
Fixed assets
€902k ▼ 9.8%
Current assets
€1.96M ▼ 16.3%
Equity and liabilities €2.86M
Equity
€726k ▲ 6.7%
Debt
€2.13M ▼ 19.7%
Debt's share of the balance-sheet total falls from 79.6% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€255k▼
2019 · €348k
Cash flow
€215k▼
2019 · €304k
Current ratio
1.28▲
2019 · 1.14
Quick ratio
0.79▲
2019 · 0.73
Debt to equity
0.83▼
2019 · 0.89
ROE
6.2%▲
2019 · 2.3%
ROA
1.6%▲
2019 · 0.5%
Debt ≤ 1 year
€1.53M▼
2019 · €2.05M
Debt > 1 year
€603k=
2019 · €603k
Income taxes
€26k▲
2019 · €12k
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€3.34M€2.86M▼
Fixed assets21/28€1,000k€902k▼
Tangible fixed assets22/27€999k€902k▼
Financial fixed assets28€200€200=
Current assets29/58€2.34M€1.96M▼
Stocks and contracts in progress3€842k€743k▼
Amounts receivable within one year40/41€1.42M€936k▼
Cash at bank and in hand54/58€22k€178k▲
Equity and liabilities
Total equity and liabilities10/49€3.34M€2.86M▼
Equity10/15€681k€726k▲
Contributions10/11€100k€100k=
Reserves13€580k€580k=
Profit (loss) carried forward14€658€46k▲
Amounts payable17/49€2.66M€2.13M▼
Amounts payable after more than one year17€603k€603k=
Amounts payable within one year42/48€2.05M€1.53M▼
Trade debts44€886k€359k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289k€170k▼
Gross operating margin9900€1.97M€1.21M▼
Operating profit (loss)9901€59k€85k▲
Recurring financial income75€1k€4k▲
Recurring financial charges65€33k€17k▼
Profit (loss) for the period before taxes9903€27k€71k▲
Income taxes67/77€12k€26k▲
Profit (loss) for the period9904€15k€45k▲
Profit (loss) for the period to be appropriated9905€15k€45k▲
Timeline · acts, filings and financial milestones
2021
20-01
State Gazette act
General meeting · Board meeting
Merger · Net-asset statement
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-10
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
31-08
Financial
Highest result since 2018net €45k ▲196%
Operating result €85k, net result €45k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
08-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:POTTEAU-LABO