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 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MESTDAGH from Ledegem, company number BE0836496227, closed financial year 2025 with a result of € 36,601 after tax. For that financial year MESTDAGH recorded a gross margin of € 484,367 and equity of € 285,204. Compared with financial year 2024, the result moved from € 2,601 to € 36,601. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 26, 2025.
€ 285,204
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36,601
▲ € 34,000 vs 2024
Profit after tax over the fiscal year.
€ 20,303
▼ 73% 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 € 269,204.
People and assets in 2025
€ 175,667
▲ 72% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 261,102
▼ 26% vs 2024
Of which on lease € 234,289.
Debts at end 2025
€ 682,419
▼ 9% vs 2024
€ 123,720 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 36,765
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,662
▲ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 207,965 | € 403,115 | € 323,444 | € 484,367 | ▲ 50% |
| Profit after taxes | € 60,817 | € 96,788 | € 2,601 | € 36,601 | ▲ € 34,000 |
| Equity | € 149,215 | € 246,003 | € 248,604 | € 285,204 | ▲ 15% |
| Total debts | € 501,248 | € 514,903 | € 916,530 | € 770,312 | ▼ 16% |
| Cash | € 60,679 | € 3,633 | € 76,031 | € 20,303 | ▼ 73% |
| Land & buildings | - | - | € 343,581 | € 351,129 | ▲ 2% |
| Retained profit | € 133,215 | € 230,003 | € 232,604 | € 269,204 | ▲ 16% |
| Bank debt | € 391,432 | € 467,876 | € 746,341 | € 682,419 | ▼ 9% |
| Balance sheet total | € 650,463 | € 760,906 | € 1,165,134 | € 1,055,516 | ▼ 9% |
Key figures of MESTDAGH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MESTDAGH?
What happened at MESTDAGH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 36,601 (▲ € 34,000 vs 2024). Source: NBB ↗
- New establishment in Roeselare. KBO
- New establishment in Roeselare. KBO
- Sofie Vandecasteele became a director. NBB
- New establishment in Ledegem. KBO
- Erik Mestdagh became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 60,817 profit in 2022 to € 36,601 profit in 2025.
Paid € 45,505 in corporate taxes since 2022.
Best year ever: 2023, with € 96,788 profit.
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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 MESTDAGH are Sofie Vandecasteele and Erik Mestdagh.
Directors
According to the 2025 annual accounts
Sofie Vandecasteele
Administrator-manager
since 2020
Erik Mestdagh
Administrator-manager
since 2011
Establishments
Establishment units
Physical locations of this company
Koning Boudewijnlaan 3
8880 Ledegem
Gitsbergstraat 11 box B
8800 Roeselare
Active since 15 August 2021
Gitsbergstraat 9D
8800 Roeselare
Active since 14 January 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0836.496.227
- VAT number
- BE 0836.496.227
- Registered office
- Koning Boudewijnlaan 3, 8880 Ledegem
- Names & denominations
- MESTDAGH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verspanend bewerken van metalen
Schrijnwerk
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Smeden van metaal