Financials
Financial year 2024
MECS EUROPE/AFRICA from Hoeilaart, company number BE0875005128, closed financial year 2024 with a result of € 14.6 million after tax. For that financial year MECS EUROPE/AFRICA recorded revenue of € 64.9 million and equity of € 36.5 million. Compared with financial year 2023, the result moved from € 9.6 million to € 14.6 million. Profitable, and profit is growing. 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 December 10, 2025.
€ 36.5 million
▲ 66% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.6 million
▲ 52% vs 2023
Profit after tax over the fiscal year.
€ 6.4 million
▲ 87% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 36.5 million.
People and assets in 2024
23.8
▼ 12.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▲ 5% vs 2023
€ 220,000 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.
€ 65,560
▲ 5% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 103,490
Loans from banks and other lenders, long and short.
€ 8.2 million
▼ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 2.4 million
▲ 16% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 51,264,820 | € 48,323,905 | € 55,960,224 | € 64,921,467 | ▲ 16% |
| Profit after taxes | € 7,347,162 | € 8,777,831 | € 9,563,306 | € 14,571,548 | ▲ 52% |
| Equity | € 29,147,863 | € 37,925,694 | € 21,956,297 | € 36,527,846 | ▲ 66% |
| Total debts | € 7,856,284 | € 9,754,267 | € 17,386,952 | € 11,654,031 | ▼ 33% |
| Cash | € 6,055,549 | € 3,475,341 | € 3,425,557 | € 6,411,991 | ▲ 87% |
| Retained profit | € 29,141,663 | € 37,919,494 | € 21,950,097 | € 36,521,646 | ▲ 66% |
| Dividend | € 0 | € 0 | € 25,532,703 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 133,000 | € 103,490 | € 103,490 | |
| Balance sheet total | € 37,004,147 | € 47,679,961 | € 39,343,249 | € 48,181,877 | ▲ 22% |
| Employees (FTE) | 22 | 26 | 36.7 | 23.8 | ▼ 12.9 |
Key figures of MECS EUROPE/AFRICA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: profit of € 14.6 million (▲ 52% vs 2023). filed late Source: NBB ↗
- Stéphanie BAUWIN became a director. NBB
- Tjaart VAN DER WALT stepped down as director. NBB
- Tjaart VAN DER WALT 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 € 7.3 million profit in 2021 to € 14.6 million profit in 2024.
Paid € 13.6 million in corporate taxes since 2021.
Best year ever: 2024, with € 14.6 million profit.
Paid out € 25.5 million in dividends to the owners in total.
A new publication or filing at MECS EUROPE/AFRICA? We notify you, reason included.
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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 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 2024 annual accounts
Stéphanie BAUWIN
Director
since 2025
since 2011
since 2017 · until 2025
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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