Meerschaut plus
ActiveMeerschaut plus has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €2k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+33
Solvency33▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.02 in 2024; short-term debt: 91.7% and cash: 4.5% of total assets), and 91.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
8.3%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 11%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
18 d late
2023
29 d late
2022
21 d late
2021
18 d late
2020
26 d late
2019
31 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€17k▲ 15.4%
2024 · €14k
2018: €10k
2019: €11k
2020: €11k
2021: €11k
2022: €12k
2023: €15k
2024: €14k
2018 → 2025
Total assets
€201k▼ 37.1%
2024 · €319k
2018: €475k
2019: €478k
2020: €432k
2021: €424k
2022: €238k
2023: €260k
2024: €319k
2018 → 2025
Net result
€2k
2024 · €-532
2018: €2k
2019: €743
2020: €262
2021: €20
2022: €899
2023: €3k
2024: €-532
2018 → 2025
Working capital
€15k▲ 95.4%
2024 · €8k
2018: €-227k
2019: €-152k
2020: €-60k
2021: €-67k
2022: €41k
2023: €18k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€12k▲ 8.0%€15k▲ 22.8%€14k▼ 3.6%€17k▲ 15.4%
Operating result€7k-€5k▼ 18.3%€7k▲ 27.9%€6k▼ 7.5%€4k▼ 40.2%
Net result€20-€899▲ 4,392%€3k▲ 209%€-532€2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€2k▼ 72.3%
Current assets
€199k▼ 36.4%
Equity and liabilities €201k
Equity
€17k▲ 15.4%
Debt
€184k▼ 39.6%
The debt ratio falls from 95.5% to 91.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €13k
Cash flow
€6k▼
2024 · €6k
Solvency
8.3%▲
2024 · 4.5%
Current ratio
1.08▲
2024 · 1.02
Quick ratio
1.08▲
2024 · 0.93
Debt / equity
11.04▼
2024 · 21.10
ROE
13.3%▲
2024 · -3.7%
ROA
1.1%▲
2024 · -0.2%
Interest coverage
9.26▲
2024 · 2.24
Debt
€184k▼
2024 · €304k
Debt ≤ 1 year
€184k▼
2024 · €304k
Income taxes
€789▼
2024 · €1k
Staff costs
€2k▼
2024 · €68k
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€319k€201k▼
Fixed assets21/28€7k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€41▼
Financial fixed assets28€2k-
Current assets29/58€312k€199k▼
Stocks and contracts in progress3€30k-
Stocks30/36€345-
Contracts in progress37€30k-
Amounts receivable within one year40/41€221k€189k▼
Trade receivables40€75k€75k▼
Other amounts receivable41€146k€114k▼
Cash at bank and in hand54/58€57k€9k▼
Deferred charges and accrued income490/1€3k€662▼
Equity and liabilities
Total equity and liabilities10/49€319k€201k▼
Equity10/15€14k€17k▲
Contributions10/11€6k€6k=
Reserves13€8k€10k▲
Distributable reserves133€8k€10k▲
Amounts payable17/49€304k€184k▼
Amounts payable within one year42/48€304k€184k▼
Current portion of amounts payable after more than one year42€17k-
Trade debts44€286k€183k▼
Suppliers440/4€286k€183k▼
Taxes, remuneration and social security45€1k€789▼
Taxes450/3€1k€789▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€68k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€84k€11k▼
Operating profit (loss)9901€6k€4k▼
Financial income75/76B€10€3▼
Recurring financial income75€10€3▼
Financial charges65/66B€6k€768▼
Recurring financial charges65€6k€768▼
Profit (loss) for the period before taxes9903€485€3k▲
Income taxes67/77€1k€789▼
Profit (loss) for the period9904€-532€2k▲
Profit (loss) for the period to be appropriated9905€-532€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-532€2k▲
Transfer from equity791/2€532-
Transfer to equity691/2-€2k
To other reserves6921-€2k
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (7 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-532 ▼119%
Net result drops to €-532, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €3k ▲209%
Net result €3k, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Aalst · 1 establishment unit since 2014
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.
Ravenakkerstraat 339310 AalstGround area
2,622 m²
Building footprint
272 m²
Volume, LiDAR
1,284 m³
Parcel 41042E0084/00C003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Meerschaut plus
since 20142.230.895.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042E0084/00C003 | Flanders | 2,622 m² | 1 · 272 m² | 8.7 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.
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Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 1,833 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2014
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.meerschautenco.be
E-mail:info@pleisterwerken-meerschaut.be