De Melkbus
ActiveSummary
De Melkbus has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144,380 and a net result of €19,289. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 43% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-11
Solvency50▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.17 in 2024; short-term debt: 18.9% and cash: 23.4% of total assets), and 74.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.4%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
56 d late
2022
177 d late
2021
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 64 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€144,380▲ 15.4%
2024 · €125,091
Total assets
€568,153▼ 2.5%
2024 · €582,859
Net result
€19,289▼ 38.7%
2024 · €31,463
Working capital
€43,627▲ 133%
2024 · €18,740
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€112,150-€10,758▼ 90.4%€10,691▼ 0.6%€56,428▲ 428%€43,665▼ 22.6%
Net result€83,521above the sector's middle half-€6,192within the sector's middle half▼ 92.6%-€1,084within the sector's middle half€31,463above the sector's middle half€19,289within the sector's middle half▼ 38.7%
Equity€88,521within the sector's middle half-€94,713within the sector's middle half▲ 7.0%€93,629within the sector's middle half▼ 1.1%€125,091above the sector's middle half▲ 33.6%€144,380above the sector's middle half▲ 15.4%
Total assets€183,107within the sector's middle half-€499,743above the sector's middle half▲ 173%€437,638above the sector's middle half▼ 12.4%€582,859above the sector's middle half▲ 33.2%€568,153above the sector's middle half▼ 2.5%
Debt€94,587-€405,030▲ 328%€344,009▼ 15.1%€457,767▲ 33.1%€423,773▼ 7.4%
Working capital€73,695within the sector's middle half-€29,044within the sector's middle half▼ 60.6%€22,462within the sector's middle half▼ 22.7%€18,740within the sector's middle half▼ 16.6%€43,627within the sector's middle half▲ 133%
Solvency48.3%within the sector's middle half-19.0%within the sector's middle half▼ 29.4pp21.4%within the sector's middle half▲ 2.4pp21.5%within the sector's middle half▲ 0.1pp25.4%within the sector's middle half▲ 4.0pp
Current ratio1.78within the sector's middle half-1.29within the sector's middle half▼ 0.491.40within the sector's middle half▲ 0.111.17within the sector's middle half▼ 0.231.41within the sector's middle half▲ 0.24
Return on assets (ROA)45.6%above the sector's middle half-1.2%within the sector's middle half▼ 44.4pp-0.2%within the sector's middle half▼ 1.5pp5.4%within the sector's middle half▲ 5.6pp3.4%within the sector's middle half▼ 2.0pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €568,153
Fixed assets
€416,910 ▼ 7.8%
Current assets
€151,244 ▲ 15.9%
Equity and liabilities €568,153
Equity
€144,380 ▲ 15.4%
Debt
€423,773 ▼ 7.4%
Debt's share of the balance-sheet total falls from 78.5% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,837▼
2024 · €94,556
Cash flow
€56,461▼
2024 · €69,591
Debt to equity
2.94▼
2024 · 3.66
ROE
13.4%▼
2024 · 25.2%
Interest coverage
4.95▼
2024 · 5.97
Debt ≤ 1 year
€107,616▼
2024 · €111,732
Debt > 1 year
€316,157▼
2024 · €346,036
Income taxes
€8,056▼
2024 · €9,133
Staff costs
€4,494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,770 | €1,264 | - | - | €4,494 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,385 | €15,798 | €39,571 | €38,129 | €37,172 | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,427 | - | - | - |
| Other operating charges640/8 | €9,280 | €2,595 | €1,054 | €771 | €1,129 | ▲ 46.5% |
| Gross operating margin9900 | €133,585 | €30,415 | €55,742 | €95,327 | €86,459 | ▼ 9.3% |
| Operating profit (loss)9901 | €112,150 | €10,758 | €10,691 | €56,428 | €43,665 | ▼ 22.6% |
| Financial income75/76B | €2,364 | €3,074 | - | - | - | - |
| Recurring financial income75 | €2,364 | €3,074 | - | - | - | - |
| Financial charges65/66B | €237 | €4,322 | €11,576 | €15,832 | €16,320 | ▲ 3.1% |
| Recurring financial charges65 | €237 | €4,322 | €11,576 | €15,832 | €16,320 | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €114,278 | €9,510 | -€885 | €40,596 | €27,345 | ▼ 32.6% |
| Income taxes67/77 | €30,757 | €3,318 | €199 | €9,133 | €8,056 | ▼ 11.8% |
| Profit (loss) for the period9904 | €83,521 | €6,192 | -€1,084 | €31,463 | €19,289 | ▼ 38.7% |
| Profit (loss) for the period to be appropriated9905 | €83,521 | €6,192 | -€1,084 | €31,463 | €19,289 | ▼ 38.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,107 | €499,743 | €437,638 | €582,859 | €568,153 | ▼ 2.5% |
| Fixed assets21/28 | €14,826 | €369,419 | €358,717 | €452,388 | €416,910 | ▼ 7.8% |
| Tangible fixed assets22/27 | €14,826 | €369,419 | €358,717 | €452,388 | €416,910 | ▼ 7.8% |
| Land and buildings22 | €7,500 | €357,250 | €350,155 | €341,993 | €333,831 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €6,947 | €5,445 | €3,943 | €2,441 | ▼ 38.1% |
| Furniture and vehicles24 | €7,326 | €5,221 | €3,117 | €106,452 | €80,638 | ▼ 24.2% |
| Current assets29/58 | €168,282 | €130,324 | €78,921 | €130,471 | €151,244 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €66,539 | €25,838 | €67,814 | €7,676 | €10,955 | ▲ 42.7% |
| Trade receivables40 | - | €107 | €44,445 | €810 | - | - |
| Other amounts receivable41 | €66,539 | €25,731 | €23,369 | €6,866 | €10,955 | ▲ 59.5% |
| Cash at bank and in hand54/58 | €101,743 | €104,486 | €8,938 | €112,636 | €133,103 | ▲ 18.2% |
| Deferred charges and accrued income490/1 | - | - | €2,169 | €10,159 | €7,186 | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,107 | €499,743 | €437,638 | €582,859 | €568,153 | ▼ 2.5% |
| Equity10/15 | €88,521 | €94,713 | €93,629 | €125,091 | €144,380 | ▲ 15.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €83,521 | €89,713 | €89,713 | €89,713 | €108,713 | ▲ 21.2% |
| Distributable reserves133 | €83,521 | €89,713 | €89,713 | €89,713 | €108,713 | ▲ 21.2% |
| Profit (loss) carried forward14 | - | - | -€1,084 | €30,379 | €30,667 | ▲ 1.0% |
| Amounts payable17/49 | €94,587 | €405,030 | €344,009 | €457,767 | €423,773 | ▼ 7.4% |
| Amounts payable after more than one year17 | - | €303,750 | €287,550 | €346,036 | €316,157 | ▼ 8.6% |
| Financial debts170/4 | - | €303,750 | €287,550 | €346,036 | €314,519 | ▼ 9.1% |
| Other amounts payable178/9 | - | - | - | - | €1,638 | - |
| Amounts payable within one year42/48 | €94,587 | €101,280 | €56,459 | €111,732 | €107,616 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €16,200 | €16,200 | €32,030 | €31,517 | ▼ 1.6% |
| Trade debts44 | €61,466 | €47,660 | €39,600 | €68,424 | €35,731 | ▼ 47.8% |
| Suppliers440/4 | €61,466 | €47,660 | €39,600 | €68,424 | €35,731 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €33,121 | €37,419 | €660 | €9,133 | €26,489 | ▲ 190% |
| Taxes450/3 | €32,855 | €37,419 | €660 | €9,133 | €17,189 | ▲ 88.2% |
| Remuneration and social security454/9 | €266 | - | - | - | €9,300 | - |
| Other amounts payable47/48 | - | - | - | €2,145 | €13,880 | ▲ 547% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,521 | €6,192 | -€1,084 | €31,463 | €19,289 | ▼ 38.7% |
| + Depreciation and write-downs630 | €4,385 | €15,798 | €39,571 | €38,129 | €37,172 | ▼ 2.5% |
| Operating cash flow (approximation) | €87,906 | €21,990 | €38,486 | €69,591 | €56,461 | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | -€370,391 | -€28,869 | -€131,799 | -€1,694 | ▲ 98.7% |
| Change in cash | - | €2,743 | -€95,548 | €103,698 | €20,466 | ▼ 80.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €31,463
Net result €31,463 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €125,091 ▲33.6%
Equity rises from €93,629 to €125,091.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 177 days late
2023
31-12
Financial
Weakest financial yearnet -€1,084
Net result drops to -€1,084, the lowest in the series; recovery starts the following year.
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2020
Ground area
1,015 m²
Building footprint
209 m²
Volume, LiDAR
837 m³
Parcel 42019A0839/00M000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE MELKBUS
since 20202.299.166.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42019A0839/00M000 | Flanders | 1,015 m² | 1 · 209 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.299.166.749
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Of 3,823 companies in sector 47210 we hold annual accounts for 965. 753 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741534712
Also
9925:BE0741534712
Registered
10-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.