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 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MECAREL from Ath, company number BE0754569730, closed financial year 2025 with a result of € 26,296 after tax. For that financial year MECAREL recorded a gross margin of € 159,773 and equity of € 73,516. Compared with financial year 2024, the result moved from € 77,220 to € 26,296. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 73,516
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,296
▼ 66% vs 2024
Profit after tax over the fiscal year.
€ 63,809
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 129,780
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 102,446
▲ 1% vs 2024
€ 46,278 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8,039
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,935
▲ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,198 | € 99,896 | € 168,846 | € 159,773 | ▼ 5% |
| Profit after taxes | € -2,053 | € 12,566 | € 77,220 | € 26,296 | ▼ 66% |
| Equity | € 37,272 | € 5,000 | € 82,220 | € 73,516 | ▼ 11% |
| Total debts | € 159,548 | € 192,489 | € 203,733 | € 194,142 | ▼ 5% |
| Cash | € 40,195 | € 34,756 | € 44,122 | € 63,809 | ▲ 45% |
| Retained profit | € 32,272 | € 0 | € 77,220 | € 68,516 | ▼ 11% |
| Dividend | € 0 | € 44,838 | € 0 | € 35,000 | |
| Bank debt | € 78,569 | € 98,340 | € 101,167 | € 102,446 | ▲ 1% |
| Balance sheet total | € 196,820 | € 197,489 | € 285,953 | € 267,658 | ▼ 6% |
Key figures of MECAREL, 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 MECAREL?
What happened at MECAREL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,296 (▼ 66% vs 2024). Source: NBB ↗
- New establishment in Ath. KBO
- Start of the company according to the CBE. KBO
- Nicolas Michot became a director. NBB
- Stéphanie Gheysens became a director. NBB
In short
From € 2,053 loss in 2022 to € 26,296 profit in 2025.
Paid € 42,597 in corporate taxes since 2022.
Best year ever: 2024, with € 77,220 profit.
Paid out € 79,838 in dividends to the owners in total.
Management
Behind MECAREL are Stéphanie Gheysens and Nicolas Michot. Stéphanie Gheysens is also behind HERBALGEM, INULA SERVICES, PRANAROM MED, INULA and SG Solutions Consulting. Nicolas Michot is also behind 1 SPACE DESIGN-AMENAGEMENT CONSTRUCTION IMMOBILIER GROUP.
Directors
According to the 2025 annual accounts
Stéphanie Gheysens
Director
Also active at: HERBALGEM, INULA SERVICES, PRANAROM MED, INULA, SG Solutions Consulting
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Chemin de la Tourette(ISI) 36
7822 Ath
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
- 0754.569.730
- VAT number
- BE 0754.569.730
- Registered office
- Chemin de la Tourette(ISI) 36, 7822 Ath
- Names & denominations
- MECAREL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2020
- Peppol
- Active · Active since 31 Mar 2026
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