Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 26.4 to 21.4.
Financials
Financial year 2025
MEBF from Herstal, company number BE0404429919, closed financial year 2025 with a result of € 19,076 after tax. For that financial year MEBF recorded a gross margin of € 1.6 million and equity of € 375,608. Compared with financial year 2024, the result moved from € -107,236 to € 19,076. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 375,608
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,076
▲ still € 107,236 loss in 2024
Profit after tax over the fiscal year.
€ 61,218
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 48,562.
People and assets in 2025
21.4
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 10% vs 2024
€ 49,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 246,252
▲ 40% vs 2024
Of which on lease € 239,442.
Debts at end 2025
€ 2.1 million
▲ 8% vs 2024
€ 326,216 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 464,926
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 181,727
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,094,863 | € 1,797,772 | € 1,477,985 | € 1,581,205 | ▲ 7% |
| Profit after taxes | € 135,827 | € 11,115 | € -107,236 | € 19,076 | ▲ € 126,313 |
| Equity | € 777,478 | € 464,846 | € 357,071 | € 375,608 | ▲ 5% |
| Total debts | € 2,762,325 | € 2,536,992 | € 2,620,162 | € 2,725,235 | ▲ 4% |
| Cash | € 337,047 | € 213,564 | € 157,423 | € 61,218 | ▼ 61% |
| Retained profit | € -1,138,882 | € 136,722 | € 29,486 | € 48,562 | ▲ 65% |
| Bank debt | € 1,978,590 | € 1,788,086 | € 1,910,880 | € 2,071,996 | ▲ 8% |
| Balance sheet total | € 3,539,803 | € 3,001,838 | € 2,977,232 | € 3,100,843 | ▲ 4% |
| Employees (FTE) | 30.6 | 26.4 | 22.7 | 21.4 | ▼ 1.3 |
Key figures of MEBF, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MEBF?
What happened at MEBF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Grégory PELZER SCOMM stepped down as director. NBB
- Jean Denoël stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19,076. filed late Source: NBB ↗
- FP Conseil SCOMM stepped down as director. NBB
- Grégory PELZER SCOMM became a director. NBB
- FP Conseil SCOMM became a director. NBB
- Jean Denoël became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 135,827 profit in 2022 to € 19,076 profit in 2025.
Paid € 2,101 in corporate taxes since 2022.
Best year ever: 2022, with € 135,827 profit.
On average € 73,900 of value added per employee in 2025.
Management
The stake of 3P CONCEPT, IMAF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MEBFThe shares are held by 3P CONCEPT (99%) and IMAF (0.8%).
Directors
According to the 2025 annual accounts
Managing director · represented by PELZER Grégory
since 2022 · until 2027
Director · represented by PELZER Fabrice
Also active at: Fonderies J. Marichal Ketin et Cie
since 2022 · until 2026
Jean Denoël
Director
since 2021 · until 2027
Shareholders
99%
0.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
En Haute Marexhe 176
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.429.919
- VAT number
- BE 0404.429.919
- Registered office
- En Haute Marexhe 176, 4040 Herstal
- Names & denominations
- MEBF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 1951
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bewerken van metaal en poedermetallurgie
Persen, stampen en profielwalsen van metaal
Persen, stampen en profielwalsen van metaal; poedermetallurgie
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen