Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 144 to 126.
Financials
Financial year 2025
MEURA from Péruwelz, company number BE0447632234, closed financial year 2025 with a result of € 8.6 million after tax. For that financial year MEURA recorded revenue of € 53.9 million and equity of € 31.8 million. Compared with financial year 2024, the result moved from € 8.9 million to € 8.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 31.8 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.6 million
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 27 million
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
126
▼ 15.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11 million
▼ 14% vs 2024
€ 87,100 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.
€ 145,492
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11.5 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 157 days on average.
€ 1.3 million
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 75,455,908 | € 85,800,157 | € 77,326,098 | € 53,905,540 | ▼ 30% |
| Profit after taxes | € 8,335,611 | € 9,168,126 | € 8,944,809 | € 8,580,972 | ▼ 4% |
| Equity | € 25,109,730 | € 34,298,521 | € 33,220,365 | € 31,794,768 | ▼ 4% |
| Total debts | € 65,924,071 | € 71,436,057 | € 50,758,159 | € 39,992,322 | ▼ 21% |
| Cash | € 26,341,460 | € 39,134,388 | € 17,663,684 | € 26,979,720 | ▲ 53% |
| Land & buildings | € 620,803 | € 1,060,642 | € 978,116 | € 867,232 | ▼ 11% |
| Retained profit | € 22,371,687 | € 31,539,813 | € 30,480,462 | € 29,057,274 | ▼ 5% |
| Dividend | € 5,002,080 | € 0 | € 10,004,160 | € 10,004,160 | |
| Balance sheet total | € 101,769,520 | € 111,221,995 | € 90,497,438 | € 77,929,138 | ▼ 14% |
| Employees (FTE) | 130.4 | 144 | 141.6 | 126 | ▼ 15.6 |
Key figures of MEURA, 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 MEURA?
What happened at MEURA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- H.B.P. S.A. stepped down as director. NBB
- Eric MAURINCOMME stepped down as director. NBB
- Olivier SIMAL stepped down as director. NBB
- MICHEL GENART stepped down as director. NBB
- Jeroen VANDENBUSSCHE stepped down as director. NBB
- Cédric BOITTE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.6 million (▼ 4% vs 2024). Source: NBB ↗
- H.B.P. S.A. became a director. NBB
In short
From € 8.3 million profit in 2022 to € 8.6 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2023, with € 9.2 million profit.
Paid out € 25 million in dividends to the owners in total.
Management
The stake of STUDYBEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MEURAThe shares are held by STUDYBEL (0%). It owns 99% of STUDYBEL SA, 1% of BOCCARD LLC and 1% of BOCCARD MEURA MEXICO SA DE CV itself.
Directors
According to the 2025 annual accounts
Eric MAURINCOMME
Director
since 2022 · until 2028
Olivier SIMAL
Director
since 2022 · until 2028
since 2022 · until 2028
Jeroen VANDENBUSSCHE
Director
since 2022 · until 2028
since 2022 · until 2028
H.B.P. S.A.
Director · represented by Patrick Boccard
since 2024 · until 2030
Shareholders
0%
Participations
Establishments
Establishment units
Physical locations of this company
Rond-Point Jean-Baptiste Meura 1
7600 Péruwelz
Avenue Alexander Fleming 4
1348 Ottignies-Louvain-la-Neuve
Active since 1 January 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.632.234
- VAT number
- BE 0447.632.234
- Registered office
- Rond-Point Jean-Baptiste Meura 1, 7600 Péruwelz
- Names & denominations
- MEURA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1992
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- meura.com [email protected] +3269886988
- Activities · NACE
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Technische studiën en ingenieursactiviteiten
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