Meubar

Active

Public limited companyfounded 1963active for 63 yearsIndustriestraat 9, 8211 Zedelgem, BelgiumKBO/BCE: BE 0405.200.276

Summary

Meubar has been active since 1963 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of -€1.4m. Equity is shrinking by about 22% per year across the filed financial years. Its solvency ranks better than 68% of 151 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

MeubarActiveChecked score 68/100

Risk analysis Report Compare

Activity

Manufacture of dining room, living room, bedroom and bathroom furniture

NACE 31004

2nd largest employer in Zedelgem, Manufacturing sector1 site

Size

€11.5mturnover 2025

Staff: 67.7 FTE
Equity: €4.6m
Loss: -€1.4m

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

Parent: Fitec · 100%

BV FITECDirector

Auditor: NV Callens Vandelanotte2025 accounts 16 days early2 of 14 deeds summarised

Why 68raises riskLoss of €1.4m, the second in a row (financial year 2025)Sector: Manufacture of furniture (NACE 31)Liquidity: current ratio 1.90, cash €273,761lowers riskEquity €4.6m (60.8% of total assets)Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 34% of its sector peers (NACE 31, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 86-3

equity 60.8% of total assets

Liquidity 36+2

short-term debt 39.2% · cash 3.6%

Profitability 2-48

return on assets -19.1%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (31 companies, NACE 31, medium-sized)

Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.2%▼ -0.1 percentage points vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.3%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 1.2%▼ -0.1 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.1%▼ -0.1 percentage points vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.2%▲ +0.1 percentage points vs 05-2026 07-2026: 1.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.7%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026lowest value 10-2026: 0.7%● unchanged vs 09-2026lowest value

Credit of up to €310,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.9, compared with 1.78 in 2024, above the usual 1.5; short-term debt: 39.2% and cash: 3.6% of total assets), and 39.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, medium-sized): better than 74% on solvency, 42% on liquidity, 6% on profitability and 13% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €1.4m, the second in a row (financial year 2025)

NBB · annual accounts

Equity €4.6m (60.8% of total assets)

NBB · annual accounts

Sector: Manufacture of furniture (NACE 31)

KBO

Liquidity: current ratio 1.90, cash €273,761

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€1.4m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 days early

2024

13 days early

2023

30 days late

2022

79 days late

2021

61 days late

2020

16 days early

2019

16 days early

← 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 16 days after the deadline; the sector median (NACE 31) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 47 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-08-2026 Appointment: NV Callens Vandelanotte (statutory auditor)Permanent representative: Filip Remmery
15-07-2026 Annual accounts filedfinancial year 2025 · full…
18-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Risk: 6 loss-making years in a rowloss financial year 2025 -€1.4m View
Caution: Among the weakest 5% on net resultsector median €26,911 · 151 companies -€1.4m View
Controlled by Fitec 100% View
Active since 1963founded 26-04-1963 63 years View

By topic

Financials

Financial year: 2025
Turnover: €11.5m
Loss: -€1.4m
Solvency: 60.8%

Turnover▼ 10.2%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member
Parent: Fitec · 100%
Auditor: NV Callens Vandelanotte

BV FITECDirector

Go to Board & ownership

Timeline

Events: 53
Since: 1978
Next accounts: by 31-07-2027

30-08-2024Annual accounts filed
18-10-2023Annual accounts filed
31-07-2023Reappointment: CVBA VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of dining room, living room, bedroom and…NACE 31004
Founded: 26-04-1963
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Meubar

What is the company number of Meubar?: 0405.200.276. In Belgium the VAT number is the company number with BE in front: BE 0405.200.276.
Where is Meubar based?: The registered office is at Industriestraat 9, 8211 Zedelgem.Company details
What does Meubar do?: According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
What is the legal form of Meubar?: Public limited company (NV).
When was Meubar founded?: On 26-04-1963.
Is Meubar still active?: Yes, Meubar is an active enterprise in the KBO register.
How many employees does Meubar have?: On average 67.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Meubar?: €11.5m in financial year 2025, according to the filed annual accounts.
Is Meubar profitable?: In financial year 2025, Meubar made a loss of €1.4m.
Where can I find the annual accounts of Meubar?: Meubar filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Meubar due?: By 31-07-2027, for financial year 2026.Timeline