Financials
- Fiscal year
- 2026
- Total assets
- €63,988
- Profit
- €10,845
- Solvency
- 21.0%
Total assets▲ 7.4%
Net result
20222026
"G-Mels"
ActiveSummary
"G-Mels" has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €13,417 and a net result of €10,845. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 323 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€63,988total assets 2026
- Equity
- €13,417
- Profit
- €10,845
Turnover not published (abridged schema)
Structure
Accounts 33 d early0 of 2 deeds read
Why 65- Founded in 2021- 1 change of registered office in 24 months+ Liquidity: current ratio 0.89, cash €17,674+ Figures for FY 2026 (filed 28-09-2026)Show the evidence
Checked score
Score 2026
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 62% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2025
Strong
Solvency
46+17
equity 21.0% of total assets
Liquidity
57+29
short-term debt 54.8% · cash 27.6%
Profitability
90+18
return on assets 16.9%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 9 months
02-2026: 3.0%
03-2026: 3.0%● 0.0% vs 02-2026
04-2026: 2.8%▼ -4.2% vs 03-2026
05-2026: 2.8%● 0.0% vs 04-2026
06-2026: 2.8%▼ -0.4% vs 05-2026
07-2026: 3.0%▲ +7.6% vs 06-2026
08-2026: 3.9%▲ +27.5% vs 07-2026highest value
09-2026: 3.8%▼ -3.1% vs 08-2026
10-2026: 1.3%▼ -64.6% vs 09-2026lowest value
- Founded in 2021 raises the probability for this profile
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 0.89, cash €17,674 lowers the probability
- Figures for FY 2026 (filed 28-09-2026) lowers the probability
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.43 in 2025; short-term debt: 54.8% and cash: 27.6% of total assets), and 79% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 22%, liquidity 53%, profitability 76%, growth against the median 98%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 323 sector peers (2026).
NBB · sector comparisonPosition among 323 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
2223242526
2022 to 2026 · latest year €13,417
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
33 d early
2025
32 d early
2024
30 d early
2023
on the day
2022
3 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 1 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · micro…
- Highest result since 2022net €10,845 ▲686%
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2022
- Next accounts
- by 31-10-2027
- 28-09-2026Annual accounts filed
- 31-03-2026Highest result since 2022
- 29-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 21-05-2021
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.