MEL MAR
ActiveSummary
The computed 12-month bankruptcy probability of MEL MAR is 1.9% (moderate). The 2025 annual accounts show equity of €27,543 and a net result of €20,526. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 28374 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-34
Solvency53▲+3
Growth27▼-30
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.31 in 2024; short-term debt: 71.9% and cash: 17.7% of total assets), and 71.9% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
28.1%
Return on assets
20.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-04-2026, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
12 d early
2024
20 d early
2023
2 d late
2022
3 d early
2021
12 d late
2020
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€721,936▼ 4.9%
2020 · €759,018
EBIT margin
5.2%▲ 1.4pp
2020 · 3.8%
Net result
€20,526▼ 39.4%
2024 · €33,878
Working capital
€24,832▼ 27.9%
2024 · €34,449
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€721,936▼ 4.9%
Operating result€37,801▲ 30.5%€52,975▲ 40.1%€28,408▼ 46.4%€52,604▲ 85.2%€43,092▼ 18.1%
Net result€24,914within the sector's middle half▲ 7.3%€39,910above the sector's middle half▲ 60.2%-€9,457below the sector's middle half€33,878above the sector's middle half€20,526within the sector's middle half▼ 39.4%
EBIT margin5.2%▲ 1.4pp
Equity€53,127within the sector's middle half▲ 88.3%€93,036within the sector's middle half▲ 75.1%€60,050within the sector's middle half▼ 35.5%€36,428within the sector's middle half▼ 39.3%€27,543within the sector's middle half▼ 24.4%
Total assets€161,239within the sector's middle half▼ 37.1%€228,031within the sector's middle half▲ 41.4%€302,681above the sector's middle half▲ 32.7%€148,308within the sector's middle half▼ 51.0%€98,049within the sector's middle half▼ 33.9%
Debt€108,112▼ 52.6%€134,994▲ 24.9%€242,632▲ 79.7%€111,880▼ 53.9%€70,506▼ 37.0%
Working capital€23,525within the sector's middle half▼ 15.0%€61,913within the sector's middle half▲ 163%€47,098within the sector's middle half▼ 23.9%€34,449within the sector's middle half▼ 26.9%€24,832within the sector's middle half▼ 27.9%
Solvency32.9%within the sector's middle half▲ 21.9pp40.8%within the sector's middle half▲ 7.9pp19.8%below the sector's middle half▼ 21.0pp24.6%within the sector's middle half▲ 4.7pp28.1%within the sector's middle half▲ 3.5pp
Current ratio1.22within the sector's middle half▲ 0.101.46within the sector's middle half▲ 0.241.19within the sector's middle half▼ 0.261.31within the sector's middle half▲ 0.111.35within the sector's middle half▲ 0.04
Return on assets (ROA)15.5%within the sector's middle half▲ 6.4pp17.5%above the sector's middle half▲ 2.1pp-3.1%below the sector's middle half▼ 20.6pp22.8%above the sector's middle half▲ 26.0pp20.9%above the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,049
Fixed assets
€2,711 ▲ 37.0%
Current assets
€95,338 ▼ 34.8%
Equity and liabilities €98,049
Equity
€27,543 ▼ 24.4%
Debt
€70,506 ▼ 37.0%
Debt's share of the balance-sheet total falls from 75.4% to 71.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44,611▼
2024 · €53,074
Cash flow
€22,046▼
2024 · €34,348
Debt to equity
2.56▼
2024 · 3.07
ROE
74.5%▼
2024 · 93.0%
Interest coverage
2.14▼
2024 · 14.73
Debt ≤ 1 year
€70,506▼
2024 · €111,880
Income taxes
€1,768▼
2024 · €15,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 6,713 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €721,936 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €20,700 | - |
| Goods, raw materials, services and sundry goods60/61 | €680,416 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,117 | €6,911 | €11,232 | €470 | €1,519 | ▲ 223% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €35,988 | - | -€8,725 | €8,725 | ▲ 200% |
| Other operating charges640/8 | €4,031 | €2,615 | €37,786 | €15,390 | €26,650 | ▲ 73.2% |
| Gross operating margin9900 | €43,949 | €98,490 | €77,426 | €59,739 | €79,986 | ▲ 33.9% |
| Operating profit (loss)9901 | €37,801 | €52,975 | €28,408 | €52,604 | €43,092 | ▼ 18.1% |
| Financial income75/76B | €2 | €3 | €35 | €6 | €10 | ▲ 73.7% |
| Recurring financial income75 | €2 | €3 | €35 | €6 | €10 | ▲ 73.7% |
| Financial charges65/66B | €5,732 | €1,943 | €743 | €3,603 | €20,807 | ▲ 477% |
| Recurring financial charges65 | €5,732 | €1,943 | €743 | €3,603 | €20,807 | ▲ 477% |
| Profit (loss) for the period before taxes9903 | €32,071 | €51,035 | €27,700 | €49,007 | €22,295 | ▼ 54.5% |
| Income taxes67/77 | €7,157 | €11,124 | €37,157 | €15,129 | €1,768 | ▼ 88.3% |
| Profit (loss) for the period9904 | €24,914 | €39,910 | -€9,457 | €33,878 | €20,526 | ▼ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €24,914 | €39,910 | -€9,457 | €33,878 | €20,526 | ▼ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,239 | €228,031 | €302,681 | €148,308 | €98,049 | ▼ 33.9% |
| Fixed assets21/28 | €29,602 | €31,124 | €12,952 | €1,979 | €2,711 | ▲ 37.0% |
| Tangible fixed assets22/27 | €29,239 | €23,820 | €12,589 | €1,616 | €2,348 | ▲ 45.3% |
| Plant, machinery and equipment23 | €813 | €1,795 | €921 | €363 | - | - |
| Furniture and vehicles24 | €28,426 | €22,026 | €11,668 | €1,253 | €2,348 | ▲ 87.4% |
| Financial fixed assets28 | €363 | €7,303 | €363 | €363 | €363 | = |
| Current assets29/58 | €131,637 | €196,907 | €289,730 | €146,329 | €95,338 | ▼ 34.8% |
| Amounts receivable within one year40/41 | €119,936 | €191,066 | €280,312 | €142,426 | €75,867 | ▼ 46.7% |
| Trade receivables40 | €95,351 | €100,916 | €166,404 | €35,716 | €57,277 | ▲ 60.4% |
| Other amounts receivable41 | €24,585 | €90,149 | €113,908 | €106,710 | €18,590 | ▼ 82.6% |
| Current investments50/53 | - | - | - | €300 | €300 | = |
| Cash at bank and in hand54/58 | €11,701 | €5,552 | €9,128 | €3,065 | €17,314 | ▲ 465% |
| Deferred charges and accrued income490/1 | - | €290 | €290 | €538 | €1,856 | ▲ 245% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,239 | €228,031 | €302,681 | €148,308 | €98,049 | ▼ 33.9% |
| Equity10/15 | €53,127 | €93,036 | €60,050 | €36,428 | €27,543 | ▼ 24.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | €5,000 | - | - | - | - |
| Other1109/19 | €5,000 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | €48,127 | €88,036 | €55,050 | €31,428 | €22,543 | ▼ 28.3% |
| Amounts payable17/49 | €108,112 | €134,994 | €242,632 | €111,880 | €70,506 | ▼ 37.0% |
| Amounts payable within one year42/48 | €108,112 | €134,994 | €242,632 | €111,880 | €70,506 | ▼ 37.0% |
| Trade debts44 | €100,955 | €116,713 | €194,537 | €84,011 | €46,346 | ▼ 44.8% |
| Suppliers440/4 | €100,955 | €116,713 | €194,537 | €84,011 | €46,346 | ▼ 44.8% |
| Taxes, remuneration and social security45 | €7,157 | €18,282 | €48,095 | €27,869 | €24,160 | ▼ 13.3% |
| Taxes450/3 | €7,157 | €18,282 | €48,095 | €27,869 | €18,004 | ▼ 35.4% |
| Remuneration and social security454/9 | - | - | - | - | €6,156 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,914 | €39,910 | -€9,457 | €33,878 | €20,526 | ▼ 39.4% |
| + Depreciation and write-downs630 | €2,117 | €6,911 | €11,232 | €470 | €1,519 | ▲ 223% |
| Operating cash flow (approximation) | €27,030 | €46,821 | €1,774 | €34,348 | €22,046 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€8,433 | €6,940 | €10,503 | -€2,252 | ▼ 121% |
| Change in cash | - | -€6,149 | €3,576 | -€6,063 | €14,249 | ▲ 335% |
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
18-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €33,878
Net result €33,878 after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-09
Financial
Weakest financial yearnet -€9,457
Net result drops to -€9,457, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2020net €39,910 ▲60.2%
Operating result €52,975, net result €39,910, both a record.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Drogenbos · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
795 m²
Volume, LiDAR
8,993 m³
Parcel 22001A0006/00W002, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
236
companies at this address
See who is registered here
1 establishment unit
MEL MAR
since 20192.291.133.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0006/00W002 | Flanders | 1.1 ha | 1 · 794 m² | 13.0 m · 4 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.
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Of 369 companies in this sector we hold annual accounts for 207. 164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end30-09
Activities, NACEBEL 2025
43421Specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
43422Screed work
53200Other postal and courier activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726955513
Also
9925:BE0726955513
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.