MEL & RAPH
ActiveMEL & RAPH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-6k. Equity is shrinking by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+14
Solvency28▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.02 in 2024; short-term debt: 92.8% and cash: 0.9% of total assets), and 96.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.4%
Return on assets
-1.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31540 sector peers (2025).
NBB · sector comparisonPosition among 31540 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
7 d early
2022
7 d early
2021
37 d late
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▲ 30.3%
2024 · €-9k
2018: €16k
2019: €16k
2020: €-22k
2021: €-16k
2022: €31k
2023: €-10k
2024: €-9k
2018 → 2025
Working capital
€5k▼ 11.1%
2024 · €5k
2018: €104k
2019: €121k
2020: €99k
2021: €45k
2022: €31k
2023: €12k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€38k▼ 25.1%€28k▼ 26.9%€19k▼ 32.1%€13k▼ 32.9%
Operating result€-10k-€32k€-9k€-7k▲ 23.2%€-4k▲ 38.1%
Net result€-16k-€31k€-10k€-9k▲ 12.7%€-6k▲ 30.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369k
Fixed assets
€22k▼ 28.3%
Current assets
€347k▲ 8.0%
Equity and liabilities €369k
Equity
€13k▼ 32.9%
Debt
€356k▲ 7.0%
The debt ratio rises from 94.6% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▲
2024 · €2k
Cash flow
€2k▲
2024 · €-275
Solvency
3.4%▼
2024 · 5.4%
Current ratio
1.01▼
2024 · 1.02
Quick ratio
0.05▼
2024 · 0.05
Debt / equity
28.13▲
2024 · 17.63
ROE
-49.1%▼
2024 · -47.3%
ROA
-1.7%▲
2024 · -2.5%
Interest coverage
2.27▲
2024 · 0.78
Debt
€356k▲
2024 · €333k
Debt ≤ 1 year
€342k▲
2024 · €316k
Debt > 1 year
€13k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€352k€369k▲
Fixed assets21/28€30k€22k▼
Tangible fixed assets22/27€30k€22k▼
Land and buildings22€5k€5k▼
Furniture and vehicles24€25k€17k▼
Current assets29/58€321k€347k▲
Stocks and contracts in progress3€305k€330k▲
Stocks30/36€305k€330k▲
Amounts receivable within one year40/41€13k€12k▼
Trade receivables40€5k€12k▲
Other amounts receivable41€8k€718▼
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1€836€1k▲
Equity and liabilities
Total equity and liabilities10/49€352k€369k▲
Equity10/15€19k€13k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€18k€18k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€-17k€-24k▼
Amounts payable17/49€333k€356k▲
Amounts payable after more than one year17€16k€13k▼
Financial debts170/4€16k€9k▼
Other amounts payable178/9€595€4k▲
Amounts payable within one year42/48€316k€342k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Financial debts43€182k€170k▼
Credit institutions430/8€182k€170k▼
Trade debts44€23k€15k▼
Suppliers440/4€23k€15k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€104k€150k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€922€1k▲
Gross operating margin9900€3k€5k▲
Operating profit (loss)9901€-7k€-4k▲
Financial income75/76B€183€0▼
Recurring financial income75€183€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-9k€-6k▲
Profit (loss) for the period9904€-9k€-6k▲
Profit (loss) for the period to be appropriated9905€-9k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-24k▼
Profit (loss) brought forward from the previous period14P€-8k€-17k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 37 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-22k ▼235%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Liquidity times 60current ratio 73.23
Current ratio from 1.22 to 73.23; short-term debt falls from €466k to €2k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Ukkel · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groelstveldlaan 291180 UkkelGround area
702 m²
Building footprint
136 m²
Volume, LiDAR
1,120 m³
Parcel 21614E0176/00V012, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MEL & RAPH
since 20152.240.965.066
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0176/00V012 | Brussels | 702 m² | 1 · 136 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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LR MANAGEMENT
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LEONESS MANAGEMENT & CONSULTING
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DDC CONSULTANCY
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 25,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.