Checked.be
Active
BE 0449.953.801Private limited company
AMEL
Renbaanlaan 66 ·1050 Elsene, Belgium· 33 yrs active
Conclusion
AMEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €-102k. Equity is shrinking by ~55.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 1.4% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €24k |
| Net result | €-102k |
| Active | 33 yrs |
| Locations | 1 |
Financial profile
27
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
2
Profitability
0
Solvency
1
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
2
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
43
2023
15
2024
2
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.01 (< 1.0)
-10
Quick ratio
Quick ratio 0.01 (< 0.6)
-5
Leverage
Debt/equity 112.15 (> 3.0)
-10
Profitability
Negatieve ROE -426%
-10
Interest coverage
Interest coverage 1.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~115.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€43k
-12.6%
23-25
€-102k
-176.5%
23-25
€8k
-74.0%
23-25
€2.80M
+13.4%
23-25
€24k
-81.0%
23-25
€-1.42M
-49.3%
23-25
€2.69M
+19.4%
23-25
€1.43M
+49.0%
23-25
€1.25M
-2.7%
23-25
0.01
-22.4%
23-25
0.01
-22.4%
23-25
0.9%
-83.3%
23-25
112.15
+528.5%
23-25
-426.5%
-1355.8%
23-25
-3.6%
-143.8%
23-25
1.13
-50.9%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €43k | €50k | €212k |
| Net profit | €-102k | €-37k | €134k |
| Cash flow | €8k | €31k | €158k |
| Staff costs | - | - | - |
| Income taxes | - | - | - |
| Dividends | - | - | - |
| Total assets | €2.80M | €2.47M | €1.08M |
| Equity | €24k | €126k | €163k |
| Debt | €2.69M | €2.25M | €821k |
| of which ≤ 1y | €1.43M | €961k | €754k |
| of which > 1y | €1.25M | €1.29M | €67k |
| Working capital | €-1.42M | €-954k | €-516k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.01 | 0.01 | 0.32 |
| Quick ratio | 0.01 | 0.01 | 0.32 |
| Working capital ratio | -50.9% | -38.6% | -47.8% |
| Solvency | 0.9% | 5.1% | 15.1% |
| Debt / equity | 112.15 | 17.84 | 5.04 |
| Long-term debt ratio | 52.35 | 10.22 | 0.41 |
| Interest coverage | 1.13 | 2.30 | 91.48 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -3.6% | -1.5% | 12.4% |
| ROE | -426.5% | -29.3% | 82.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €2.80M | €2.47M | €1.08M |
| Fixed assets | 21/28 | €2.79M | €2.46M | €841k |
| Tangible fixed assets | 22/27 | €2.79M | €2.46M | €841k |
| Current assets | 29/58 | €9k | €7k | €239k |
| Cash & bank | 54/58 | €9k | €7k | €239k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.80M | €2.47M | €1.08M |
| Equity | 10/15 | €24k | €126k | €163k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €273k | €282k | €291k |
| Accumulated profits (losses) | 14 | €-267k | €-175k | €-147k |
| Provisions & deferred taxes | 16 | €89k | €92k | €95k |
| Amounts payable | 17/49 | €2.69M | €2.25M | €821k |
| Amounts payable after one year | 17 | €1.25M | €1.29M | €67k |
| Amounts payable within one year | 42/48 | €1.43M | €961k | €754k |
| Trade debts payable within one year | 44 | €238k | €101k | €13k |
| Income statement | ||||
| Gross operating margin | 9900 | €54k | €50k | €216k |
| Operating result | 9901 | €-67k | €-19k | €188k |
| Financial income | 75 | - | - | €41 |
| Financial charges | 65 | €38k | €22k | €2k |
| Result before taxes | 9903 | €-105k | €-40k | €186k |
| Net result for the period | 9904 | €-102k | €-37k | €134k |
| Result to be appropriated | 9905 | €-93k | €-28k | €-22k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-1993 |
| Status | Active |
| Postal code | 1050 |
Establishment units
Renbaanlaan 76, 1050 Elsene
since 19932.063.065.878
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0190/00L011 | Brussels | 445 m² | 1 · 114 m² | 26.6 m · 5 fl. |
| 21443C0190/00Y012 | Brussels | 368 m² | 1 · 111 m² | 18.9 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
03-05
State Gazette act
Registered-office change
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 165 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 126 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
03-05-2022
Registered-office move
All acts · 1
updated 4 years ago
2022
03-05-2022 Registered office moved to Bruxelles
- Avenue de l'Hippodrôme, 66 à 1050 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Avenue de l\u0027Hippodr\u00F4me, 66 \u00E0 1050 Bruxelles",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue de l\u0027Hippodr\u00F4me",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "66",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2022-03-21",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-05-03",
"filing_date": "2022-03-21",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-03-21",
"unanimous": null
},
"subject_company": {
"kbo": "0449.953.801",
"name_full": "AMEL",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Zapisek Elzbieta",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": []
}Credit advice
Company registry (CBE)
Names & trade names
| Legal nameFR | AMEL |