Active BE 0452.677.224Public limited company

MEMCO

Kleine Dalstraat 30 ·1210 Sint-Joost-ten-Node, Belgium· 32 yrs active

Sector: Real estate activities (68121)

Conclusion Checked

The computed 12-month bankruptcy probability of MEMCO is 0.3% (very low). The 2024 annual accounts show equity of €1.49M and a net result of €36k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 73% of 776 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€1.49M
Net result	€36k
Staff (FTE)	4.3
Better than sector	73%

Snowflake analysis 5 of 5 axes measured · computed by Checked

59 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 62

Profitability 12

Solvency 67

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1994, 32 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

62 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 11-11-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 7 fiscal years (±0.5%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	49.1%	16.5%	better than 73% of 776 sector peers
Net result	€36k	€-2k	better than 71% of 774 sector peers
Equity	€1.49M	€136k	better than 78% of 776 sector peers
Gross operating margin	€180k	€45k	better than 74% of 609 sector peers
Staff costs	€126k	€80k	higher than 59% of 133 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€619k

- 18-24

EBITDA

€51k

- 18-24

Net profit

€36k

- 18-24

Cash flow

€42k

- 18-24

Total assets

€3.03M

-2.9% 18-24

Equity

€1.49M

+2.5% 18-24

Working capital

€-350k

+2.1% 18-24

Employees (FTE)

4

-14.0% 18-24

Staff costs

€126k

+11.5% 18-24

Debt

€1.54M

-7.6% 18-24

Debt ≤ 1y

€1.54M

-5.9% 18-24

Debt > 1y

€4k

-83.4% 18-24

Current ratio

0.77

-1.1% 18-24

Quick ratio

0.73

-1.5% 18-24

Solvency

49.1%

+5.5% 18-24

Debt / equity

1.04

-9.8% 18-24

ROE

2.4%

- 18-24

ROA

1.2%

- 18-24

Net margin

213.6%

- 18-24

EBITDA margin

24.5%

- 18-24

Interest coverage

5.65

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€51k
Net profit	€36k
Cash flow	€42k
Staff costs	€126k
Income taxes	-
Dividends	-
Total assets	€3.03M
Equity	€1.49M
Debt	€1.54M
of which ≤ 1y	€1.54M
of which > 1y	-
Working capital	€-350k
Employees (FTE)	4.3

Ratios (computed)

	2024
Current ratio	0.77
Quick ratio	0.73
Working capital ratio	-11.5%
Solvency	49.1%
Debt / equity	1.04
Long-term debt ratio	-
Interest coverage	5.65
Gross margin	-
Net margin	-
ROA	1.2%
ROE	2.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.84M · 60.7% Current assets €1.19M · 39.3%

Equity & liabilities

Equity €1.49M · 49.1% Debt €1.54M · 50.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.03M
Fixed assets	21/28	€1.84M
Financial fixed assets	28	€1.84M
Current assets	29/58	€1.19M
Stocks & contracts in progress	3	€69k
Amounts receivable within one year	40/41	€1.11M
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.03M
Equity	10/15	€1.49M
Contributions / capital	10/11	€81k
Reserves	13	€8k
Accumulated profits (losses)	14	€1.40M
Amounts payable	17/49	€1.54M
Amounts payable within one year	42/48	€1.54M
Trade debts payable within one year	44	€102k
Income statement
Gross operating margin	9900	€180k
Operating result	9901	€45k
Financial charges	65	€9k
Result before taxes	9903	€36k
Net result for the period	9904	€36k
Result to be appropriated	9905	€36k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 1 directors

Current directors & mandates

Alexandre PALACCI
Director
State Gazette act 25303017 (13-01-2025)

Current
13-01-2025 → present
2 events
- 13-01-2025 Appointed· Director
- 13-01-2025 Appointed· Managing director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Real estate activities(68121)
Legal form	Public limited company(014)
Incorporation	09-05-1994
Status	Active
Postal code	1210

Establishment units 1 location

MEMCO

Avenue des Chasseurs 2, 1410 WaterlooReparatie en onderhoud van elektrische apparatuur

since 19942.067.079.502

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21572B0322/00X000 ProtectedMonumentArt-nouveauhuisSource ↗	Brussels	272 m²	1 · 82 m²	20.2 m · 5 fl.
25763K0053/00_000	Wallonia	19 m²	1 · 22 m²	18.0 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

11-11-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

13-01-2025

State Gazette act Director changes

Alexandre LECOMTE

2024

15-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

30-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

30-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

15-12-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

24-11-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

30-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

26-09-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

2017

28-07-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2016

31-08-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

13-01-2025 2 directors appointed Director changes·Alexandre LECOMTE

Alexandre PALACCI, Bestuurder
Alexandre PALACCI, Gedelegeerd bestuurder

Notary: Alexandre LECOMTE · Braine-le-Comte

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten68122Projectontwikkeling voor woningbouw70111Projectontwikkeling voor kantoorbouw70112Algemene bouw van residentiële gebouwen41001Algemene bouw van andere niet-residentiële gebouwen41003Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142

Primary activity highlighted.

Names & trade names

Legal nameFR

MEMCO

Registered office

Kleine Dalstraat 30 bus 5

1210 Sint-Joost-ten-Node, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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