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m-elek

Active
Private limited companyfounded 20188 yrs activeLochtemanweg 96, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0701.970.687
Summary

m-elek has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,770 and a net result of -€5,285. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 33831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
m-elekActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990Other construction installation NACE 43240NACE 43999
1 site
Size
€73,964total assets 2025
Equity
€65,770
Loss
-€5,285
Turnover not published (abridged schema)
Financial health
70 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts filed 12 d late0 of 5 deeds read
Why 70- Loss of €5,285, the second in a row (FY 2025)- Size: total assets €73,964+ Equity €65,770 (88.9% of total assets)+ Liquidity: current ratio 8.36, cash €10,808Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 49% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 100=
equity 88.9% of total assets
Liquidity 68+13
short-term debt 11.1% · cash 14.6%
Profitability 16-53
return on assets -7.1%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.4%▼ -16.3% vs 11-2024 01-2025: 0.4%▲ +0.2% vs 12-2024 02-2025: 0.4%▼ -2.2% vs 01-2025lowest value 03-2025: 0.4%● 0.0% vs 02-2025lowest value 04-2025: 0.5%▲ +16.3% vs 03-2025 05-2025: 0.6%▲ +19.1% vs 04-2025 06-2025: 0.6%▼ -1.4% vs 05-2025 07-2025: 0.6%▲ +10.5% vs 06-2025 08-2025: 1.2%▲ +103% vs 07-2025 09-2025: 1.4%▲ +12.1% vs 08-2025 10-2025: 1.4%▼ -0.6% vs 09-2025 11-2025: 1.4%● 0.0% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%▼ -0.1% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.4%● 0.0% vs 02-2026 04-2026: 1.0%▼ -29.1% vs 03-2026 05-2026: 1.0%▲ +5.7% vs 04-2026 06-2026: 1.0%▼ -4.8% vs 05-2026 07-2026: 1.0%▲ +5.6% vs 06-2026 08-2026: 1.6%▲ +55.6% vs 07-2026highest value 09-2026: 0.6%▼ -63.1% vs 08-2026 10-2026: 0.6%▼ -2.7% vs 09-2026
  • Equity €65,770 (88.9% of total assets) lowers the probability
  • Loss of €5,285, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 8.36, cash €10,808 lowers the probability
  • Size: total assets €73,964 raises the probability for this profile
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 8.36 against 5.24 in 2024; short-term debt: 11.1% and cash: 14.6% of total assets), and 11.1% 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 90%, liquidity 66%, profitability 13%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Equity €65,770 (88.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Loss of €5,285, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 8.36, cash €10,808
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: total assets €73,964
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€5,285
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 7 filings
Deviation from the deadline
2025
12 d late
2024
1 d early
2023
26 d late
2022
29 d late
2021
16 d early
2020
32 d early
2019
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€5,285
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Among the weakest 16% on net resultsector median €10,155 · 33,818 companies -€5,285 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€5,285 View
  • Total assets 20256 fiscal years filed €73,964 View

By topic

Financials

Fiscal year
2025
Total assets
€73,964
Loss
-€5,285
Solvency
88.9%
Total assets▼ 13.2%
Net result
20192025
Go to Financials

Timeline

Events
9
Since
2020
Next accounts
by 31-07-2027
  1. 12-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 30-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
01-09-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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