Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MEVACO - BOUWBEDRIJF from Aalter, company number BE0420071069, closed financial year 2025 with a result of € 847,875 after tax. For that financial year MEVACO - BOUWBEDRIJF recorded revenue of € 21.1 million and equity of € 16.8 million. Compared with financial year 2024, the result moved from € 592,370 to € 847,875. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 16.8 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 847,875
▲ 43% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▲ 7% 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 € 16.3 million.
People and assets in 2025
46.8
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 5% vs 2024
€ 69,700 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.
€ 224,821
▼ 21% vs 2024
Of which on lease € 68,105.
Debts at end 2025
€ 4.5 million
▲ 132% vs 2024
€ 155,890 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5.8 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 259,250
▲ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 33,226,804 | € 33,405,533 | € 32,763,779 | € 21,138,407 | ▼ 35% |
| Profit after taxes | € 2,021,452 | € 1,498,712 | € 592,370 | € 847,875 | ▲ 43% |
| Equity | € 14,620,802 | € 15,369,514 | € 15,911,883 | € 16,759,758 | ▲ 5% |
| Total debts | € 18,275,931 | € 9,108,908 | € 10,169,953 | € 15,068,043 | ▲ 48% |
| Cash | € 6,686,791 | € 2,590,644 | € 1,418,422 | € 1,521,923 | ▲ 7% |
| Land & buildings | € 1,765,481 | € 1,673,363 | € 1,703,625 | € 1,626,200 | ▼ 5% |
| Retained profit | € 14,120,802 | € 14,869,514 | € 15,411,883 | € 16,259,758 | ▲ 6% |
| Dividend | € 750,000 | € 750,000 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 1,122,523 | € 961,063 | € 1,940,113 | € 4,510,075 | ▲ 132% |
| Balance sheet total | € 33,971,453 | € 24,958,803 | € 26,814,206 | € 32,886,926 | ▲ 23% |
| Employees (FTE) | 68.1 | 55.3 | 46.8 | 46.8 |
Key figures of MEVACO - BOUWBEDRIJF, 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 MEVACO - BOUWBEDRIJF?
What happened at MEVACO - BOUWBEDRIJF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Josef MEERSCHMAN stepped down as director. NBB
- NERO BV stepped down as director. NBB
- Pluto Projects BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 847,875 (▲ 43% vs 2024). Source: NBB ↗
- Josef MEERSCHMAN became a director. NBB
- NERO BV became a director. NBB
- Pluto Projects BV became a director. NBB
- New establishment in Aalter. KBO
In short
From € 2 million profit in 2022 to € 847,875 profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 2 million profit.
Paid out € 1.6 million in dividends to the owners in total.
Management
The stake of NERO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MEVACO - BOUWBEDRIJFThe shares are held by NERO (100%). It owns 100% of PREFATON and 33.5% of IMMOBILIERE SAMBRE VILLOISE itself.
Directors
According to the 2025 annual accounts
Josef MEERSCHMAN
Managing director
Also active at: Jomic-Renting, LATEMS BOUWBEDRIJF, IMMECO, WITHOF, PAPINGLO, WOESTIJNEGOED
since 2022 · until 2028
Director · represented by Stijn Meerschman
Also active at: LATEMS BOUWBEDRIJF, RIVA INVEST, STURZO INVEST
since 2022 · until 2028
since 2022 · until 2028
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Durmelaan 6
9880 Aalter
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0420.071.069
- VAT number
- BE 0420.071.069
- Registered office
- Durmelaan 6, 9880 Aalter
- Names & denominations
- MEVACO - BOUWBEDRIJF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1979
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
Algemene bouw van andere niet-residentiële gebouwen
Optrekken van gebouwen voor industrieel of commercieel gebruik, voor landbouwdoeleinden, enz.
Bouwen van individuele huizen
Algemene bouw van residentiële gebouwen