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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mechanica Holding from Antwerpen, company number BE0786997622, closed financial year 2025 with a result of € -47.2 million after tax. For that financial year Mechanica Holding recorded revenue of € 1.4 million and equity of € 10.6 million. Compared with financial year 2024, the result moved from € 1 million to € -47.2 million. The company made a loss. The buffer shrank hard: equity is 82 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 10.6 million
▼ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -47.2 million
▼ still € 1 million profit in 2024
Profit after tax over the fiscal year.
€ 9,317
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44.4 million.
Debts at end 2025
€ 89.8 million
▼ 1% vs 2024
€ 3.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 262,788
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,232,711 | € 997,259 | € 1,059,708 | € 1,359,730 | ▲ 28% |
| Profit after taxes | € 1,001,289 | € 773,834 | € 1,014,550 | € -47,170,837 | ▼ € 48.2 million |
| Equity | € 56,001,289 | € 56,775,123 | € 57,789,672 | € 10,618,836 | ▼ 82% |
| Total debts | € 98,311,092 | € 93,733,254 | € 92,547,893 | € 91,599,160 | ▼ 1% |
| Cash | € 487,296 | € 596,539 | € 19,712 | € 9,317 | ▼ 53% |
| Retained profit | € 1,001,289 | € 1,775,123 | € 2,789,672 | € -44,381,164 | ▼ € 47.2 million |
| Bank debt | € 93,125,000 | € 91,875,000 | € 90,757,192 | € 89,763,801 | ▼ 1% |
| Balance sheet total | € 154,312,381 | € 150,508,377 | € 150,337,565 | € 102,217,996 | ▼ 32% |
Key figures of Mechanica Holding, 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 Mechanica Holding?
What happened at Mechanica Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alcopa Capital Development stepped down as director. NBB
- Wody stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 47.2 million (▼ € 48.2 million vs 2024). Source: NBB ↗
- Wody became a director. NBB
- Alcopa Capital Development became a director. NBB
- Christophe Houben became a director. NBB
- Famo NV became a director. NBB
- Crespi BV became a director. NBB
In short
From € 1 million profit in 2022 to € 47.2 million loss in 2025.
Best year ever: 2024, with € 1 million profit.
Pays suppliers within 72 days on average.
Management
The stake of Alcopa Capital Development, CREFAM, FAMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Mechanica HoldingBehind Mechanica Holding are Famo NV, Crespi BV and Christophe Houben. The shares are held by Alcopa Capital Development (50%), CREFAM (50%) and FAMO (35%). It owns 100% of Sapim itself.
Directors
According to the 2025 annual accounts
Director · represented by Axel Moorkens
Also active at: VERVLOET, GOODWILL M + G, Alcopa Capital Development, International Cycling Parts Services, Whitestone Group, HEYLEN NATUUR- & GROENBEDRIJF, VERVLOET INTERNATIONAL, Cycling Parts Testing +8 more
since 2022
Director · represented by Amaury de Cordes
Also active at: SAPIM, International Cycling Parts Services, Cycling Parts Testing, Sacrya
since 2022
Christophe Houben
Director
since 2025
Director · represented by Damien Heymans
Also active at: SAPIM, Thys Holding, Groupe François Holding
since 2025 · until 2029
since 2025 · until 2029
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Mechanicalaan 6-8
2610 Antwerpen
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
- 0786.997.622
- VAT number
- BE 0786.997.622
- Registered office
- Mechanicalaan 6-8, 2610 Antwerpen
- Names & denominations
- Mechanica Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2022
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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