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 36.7 to 23.7.
Financials
Financial year 2025
MECS EUROPE/AFRICA from Hoeilaart, company number BE0875005128, closed financial year 2025 with a result of € 7.6 million after tax. For that financial year MECS EUROPE/AFRICA recorded revenue of € 44.9 million and equity of € 44.1 million. Compared with financial year 2024, the result moved from € 14.6 million to € 7.6 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ 44.1 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.6 million
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 17.5 million
▲ 173% 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 € 44.1 million.
People and assets in 2025
23.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.4 million
▲ 4% vs 2024
€ 229,400 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.
€ 45,698
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113,426
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 9.7 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 3.1 million
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 48,323,905 | € 55,960,224 | € 64,921,467 | € 44,922,293 | ▼ 31% |
| Profit after taxes | € 8,777,831 | € 9,563,306 | € 14,571,548 | € 7,569,167 | ▼ 48% |
| Equity | € 37,925,694 | € 21,956,297 | € 36,527,846 | € 44,097,013 | ▲ 21% |
| Total debts | € 9,754,267 | € 17,386,952 | € 11,654,031 | € 28,793,722 | ▲ 147% |
| Cash | € 3,475,341 | € 3,425,557 | € 6,411,991 | € 17,479,105 | ▲ 173% |
| Retained profit | € 37,919,494 | € 21,950,097 | € 36,521,646 | € 44,090,813 | ▲ 21% |
| Dividend | € 0 | € 25,532,703 | € 0 | € 0 | |
| Bank debt | € 133,000 | € 103,490 | € 103,490 | € 113,426 | ▲ 10% |
| Balance sheet total | € 47,679,961 | € 39,343,249 | € 48,181,877 | € 72,890,735 | ▲ 51% |
| Employees (FTE) | 26 | 36.7 | 23.8 | 23.7 | ▼ 0.1 |
Key figures of MECS EUROPE/AFRICA, 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 MECS EUROPE/AFRICA?
What happened at MECS EUROPE/AFRICA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7.6 million (▼ 48% vs 2024). filed late Source: NBB ↗
- Stéphanie BAUWIN became a director. NBB
- Thierry Marin became a director. NBB
- New establishment in Gent. KBO
- New establishment in Hoeilaart. KBO
- Start of the company according to the CBE. KBO
In short
From € 8.8 million profit in 2022 to € 7.6 million profit in 2025.
Paid € 14.6 million in corporate taxes since 2022.
Best year ever: 2024, with € 14.6 million profit.
Paid out € 25.5 million in dividends to the owners in total.
Management
Behind MECS EUROPE/AFRICA are Stéphanie BAUWIN and Thierry Marin. It owns 100% of MECS ARABIA, 100% of Elessent Iberica and 0% of MECS MOROCCO itself.
Directors
According to the 2025 annual accounts
Stéphanie BAUWIN
Director
since 2025
since 2011
Establishments
Establishment units
Physical locations of this company
Ildefonse Vandammestraat 7
1560 Hoeilaart
Eddastraat 40
9042 Gent
Active since 1 August 2005
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
- 0875.005.128
- VAT number
- BE 0875.005.128
- Registered office
- Ildefonse Vandammestraat 7, 1560 Hoeilaart
- Names & denominations
- MECS EUROPE/AFRICA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2005
- Peppol
- Active · Active since 25 Nov 2025
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