Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 58.3 to 50.2.
Financials
Financial year 2025
MEULEMAN & CO from Kortrijk, company number BE0692939888, closed financial year 2025 with a result of € -30,905 after tax. For that financial year MEULEMAN & CO recorded revenue of € 11.6 million and equity of € 201,848. Compared with financial year 2024, the result moved from € -614,732 to € -30,905. The company made a loss. 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 July 9, 2026.
€ 201,848
▲ € 469,095 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,905
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 416,733
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -848,152.
People and assets in 2025
50.2
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 2% vs 2024
€ 65,800 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.
€ 135,078
▼ 33% vs 2024
Of which on lease € 25,026.
Debts at end 2025
€ 553,952
▼ 48% vs 2024
€ 68,230 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.4 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 61 days on average.
€ 116,442
▼ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,588,290 | € 12,368,871 | € 11,216,531 | € 11,612,248 | ▲ 4% |
| Profit after taxes | € -22,109 | € -244,740 | € -614,732 | € -30,905 | ▲ € 583,826 |
| Equity | € 592,225 | € 347,485 | € -267,247 | € 201,848 | ▲ € 469,095 |
| Total debts | € 2,940,152 | € 2,157,974 | € 3,978,142 | € 2,812,107 | ▼ 29% |
| Cash | € 604,229 | € 85,559 | € 829,191 | € 416,733 | ▼ 50% |
| Land & buildings | € 71,379 | € 62,228 | € 81,531 | € 70,353 | ▼ 14% |
| Retained profit | € 42,225 | € -202,515 | € -817,247 | € -848,152 | ▼ € 30,905 |
| Bank debt | € 734,247 | € 720,449 | € 1,061,766 | € 553,952 | ▼ 48% |
| Balance sheet total | € 3,532,378 | € 2,505,459 | € 3,710,895 | € 3,013,955 | ▼ 19% |
| Employees (FTE) | 61.3 | 58.3 | 53.5 | 50.2 | ▼ 3.3 |
Key figures of MEULEMAN & CO, 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 MEULEMAN & CO?
What happened at MEULEMAN & CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 30,905. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,109 loss in 2022 to € 30,905 loss in 2025.
Paid € 23,290 in corporate taxes since 2022.
Pays suppliers within 61 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MEULEMAN & CO is KARPE BV. KARPE BV is also behind MEULEMAN.
Establishments
Establishment units
Physical locations of this company
Stasegemsesteenweg(Kor) 17
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0692.939.888
- VAT number
- BE 0692.939.888
- Registered office
- Stasegemsesteenweg(Kor) 17, 8500 Kortrijk
- Names & denominations
- MEULEMAN & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2018
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
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