Melange
ActiveSummary
The computed 12-month bankruptcy probability of Melange is 2.3% (moderate). The 2025 annual accounts show equity of €89,938 and a net result of €29,269. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 1570 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+5
Solvency54▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.74 in 2024; short-term debt: 67.5% and cash: 15.4% of total assets), and 71% of the assets are financed with debt.
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Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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
29%
Return on assets
9.4%
Age of the figures
9 mo
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 · 6 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
7 d early
2022
22 d late
2021
2 d early
2020
61 d late
← 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 12 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€89,938▼ 18.7%
2024 · €110,669
Total assets
€310,599▲ 5.8%
2024 · €293,510
Net result
€29,269▲ 47.2%
2024 · €19,886
Working capital
-€68,026▼ 104%
2024 · -€33,348
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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€93,723€14,538▼ 84.5%€52,708▲ 263%€39,502▼ 25.1%€49,721▲ 25.9%
Net result€63,901above the sector's middle half€3,882within the sector's middle half▼ 93.9%€31,058above the sector's middle half▲ 700%€19,886within the sector's middle half▼ 36.0%€29,269within the sector's middle half▲ 47.2%
Equity€55,843within the sector's middle half€59,725within the sector's middle half▲ 7.0%€90,783within the sector's middle half▲ 52.0%€110,669within the sector's middle half▲ 21.9%€89,938within the sector's middle half▼ 18.7%
Total assets€365,281within the sector's middle half▲ 13.1%€353,113within the sector's middle half▼ 3.3%€372,335within the sector's middle half▲ 5.4%€293,510within the sector's middle half▼ 21.2%€310,599within the sector's middle half▲ 5.8%
Debt€309,437▼ 6.5%€293,388▼ 5.2%€281,552▼ 4.0%€182,841▼ 35.1%€220,660▲ 20.7%
Working capital-€36,652▲ 55.8%-€37,459▼ 2.2%-€44,434▼ 18.6%-€33,348▲ 24.9%-€68,026▼ 104%
Solvency15.3%within the sector's middle half▲ 17.8pp16.9%within the sector's middle half▲ 1.6pp24.4%within the sector's middle half▲ 7.5pp37.7%within the sector's middle half▲ 13.3pp29.0%within the sector's middle half▼ 8.7pp
Staff (FTE)3.1▲ 138%4.1▲ 32.3%7.1▲ 73.2%8▲ 12.7%6.4▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310,599
Fixed assets
€169,108 ▼ 15.2%
Current assets
€141,491 ▲ 50.5%
Equity and liabilities €310,599
Equity
€89,938 ▼ 18.7%
Debt
€220,660 ▲ 20.7%
Debt's share of the balance-sheet total rises from 62.3% to 71.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€96,125▲
2024 · €86,718
Cash flow
€75,673▲
2024 · €67,102
Current ratio
0.68▼
2024 · 0.74
Quick ratio
0.63▼
2024 · 0.67
Debt to equity
2.45▲
2024 · 1.65
ROE
32.5%▲
2024 · 18.0%
ROA
9.4%▲
2024 · 6.8%
Interest coverage
6.55▲
2024 · 5.80
Debt ≤ 1 year
€209,516▲
2024 · €127,383
Debt > 1 year
€11,144▼
2024 · €55,458
Income taxes
€6,966▲
2024 · €6,376
Staff costs
€269,204▼
2024 · €284,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% 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
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,703 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 | €103,771 | €131,365 | €224,903 | €284,611 | €269,204 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,804 | €41,126 | €45,492 | €47,216 | €46,403 | ▼ 1.7% |
| Other operating charges640/8 | €1,866 | €4,068 | €3,150 | €5,099 | €3,922 | ▼ 23.1% |
| Gross operating margin9900 | €233,163 | €191,095 | €326,252 | €376,428 | €369,251 | ▼ 1.9% |
| Operating profit (loss)9901 | €93,723 | €14,538 | €52,708 | €39,502 | €49,721 | ▲ 25.9% |
| Financial income75/76B | €823 | €1,333 | €84 | €1,717 | €1,181 | ▼ 31.2% |
| Recurring financial income75 | €823 | €1,333 | €84 | €1,717 | €1,181 | ▼ 31.2% |
| Financial charges65/66B | €10,779 | €11,989 | €13,337 | €14,957 | €14,667 | ▼ 1.9% |
| Recurring financial charges65 | €10,779 | €11,989 | €13,337 | €14,957 | €14,667 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | €83,767 | €3,882 | €39,455 | €26,262 | €36,236 | ▲ 38.0% |
| Income taxes67/77 | €19,865 | - | €8,396 | €6,376 | €6,966 | ▲ 9.2% |
| Profit (loss) for the period9904 | €63,901 | €3,882 | €31,058 | €19,886 | €29,269 | ▲ 47.2% |
| Profit (loss) for the period to be appropriated9905 | €63,901 | €3,882 | €31,058 | €19,886 | €29,269 | ▲ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,281 | €353,113 | €372,335 | €293,510 | €310,599 | ▲ 5.8% |
| Fixed assets21/28 | €261,505 | €279,856 | €245,460 | €199,475 | €169,108 | ▼ 15.2% |
| Tangible fixed assets22/27 | €261,505 | €279,856 | €244,460 | €198,475 | €168,108 | ▼ 15.3% |
| Plant, machinery and equipment23 | €240,727 | €246,417 | €216,390 | €179,182 | €148,627 | ▼ 17.1% |
| Furniture and vehicles24 | - | - | €2,437 | €1,466 | €3,887 | ▲ 165% |
| Leasing and similar rights25 | €20,779 | €14,906 | €9,033 | €3,161 | - | - |
| Other tangible fixed assets26 | - | €18,533 | €16,599 | €14,666 | €15,594 | ▲ 6.3% |
| Financial fixed assets28 | - | - | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €103,775 | €73,257 | €126,875 | €94,035 | €141,491 | ▲ 50.5% |
| Stocks and contracts in progress3 | €3,570 | €5,814 | €8,567 | €8,567 | €9,324 | ▲ 8.8% |
| Stocks30/36 | €3,570 | €5,814 | €8,567 | €8,567 | €9,324 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €13,639 | €22,686 | €53,663 | €56,173 | €81,105 | ▲ 44.4% |
| Trade receivables40 | €2,254 | €2,368 | €14,464 | €18,214 | €22,456 | ▲ 23.3% |
| Other amounts receivable41 | €11,385 | €20,318 | €39,199 | €37,959 | €58,649 | ▲ 54.5% |
| Cash at bank and in hand54/58 | €85,295 | €44,169 | €64,504 | €26,186 | €47,693 | ▲ 82.1% |
| Deferred charges and accrued income490/1 | €1,272 | €588 | €140 | €3,109 | €3,369 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,281 | €353,113 | €372,335 | €293,510 | €310,599 | ▲ 5.8% |
| Equity10/15 | €55,843 | €59,725 | €90,783 | €110,669 | €89,938 | ▼ 18.7% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €50,000 | €50,000 | €50,000 | €50,000 | - | - |
| Distributable reserves133 | €50,000 | €50,000 | €50,000 | €50,000 | - | - |
| Profit (loss) carried forward14 | €4,843 | €8,725 | €39,783 | €59,669 | €88,938 | ▲ 49.1% |
| Amounts payable17/49 | €309,437 | €293,388 | €281,552 | €182,841 | €220,660 | ▲ 20.7% |
| Amounts payable after more than one year17 | €169,010 | €169,449 | €110,244 | €55,458 | €11,144 | ▼ 79.9% |
| Financial debts170/4 | €169,010 | €169,449 | €110,244 | €55,458 | €11,144 | ▼ 79.9% |
| Amounts payable within one year42/48 | €140,427 | €110,716 | €171,309 | €127,383 | €209,516 | ▲ 64.5% |
| Current portion of amounts payable after more than one year42 | €66,214 | €69,969 | €78,751 | €55,013 | €50,741 | ▼ 7.8% |
| Trade debts44 | €21,520 | €8,714 | €54,162 | €46,250 | €30,445 | ▼ 34.2% |
| Suppliers440/4 | €21,520 | €8,714 | €54,162 | €46,250 | €30,445 | ▼ 34.2% |
| Advances received on contracts in progress46 | - | - | - | - | €23,803 | - |
| Taxes, remuneration and social security45 | €22,882 | €23,683 | €36,987 | €24,930 | €57,777 | ▲ 132% |
| Taxes450/3 | €2,659 | - | - | €4,146 | €10,761 | ▲ 160% |
| Remuneration and social security454/9 | €20,223 | €23,683 | €36,987 | €20,784 | €47,016 | ▲ 126% |
| Other amounts payable47/48 | €29,811 | €8,350 | €1,408 | €1,191 | €46,750 | ▲ 3,826% |
| Accrued charges and deferred income492/3 | - | €13,223 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,901 | €3,882 | €31,058 | €19,886 | €29,269 | ▲ 47.2% |
| + Depreciation and write-downs630 | €33,804 | €41,126 | €45,492 | €47,216 | €46,403 | ▼ 1.7% |
| Operating cash flow (approximation) | €97,705 | €45,007 | €76,550 | €67,102 | €75,673 | ▲ 12.8% |
| Investment in fixed assets (approximation) | - | -€59,476 | -€11,096 | -€1,231 | -€16,036 | ▼ 1,203% |
| Change in cash | - | -€41,126 | €20,335 | -€38,319 | €21,508 | ▲ 156% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €110,669 ▲21.9%
4 profitable years in a row build equity to €110,669.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €63,901
Net result €63,901 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 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, Kapelle-op-den-Bos · 2 establishment units since 2020
Ground area
1,647 m²
Building footprint
476 m²
Volume, LiDAR
2,734 m³
3 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Melange
since 20202.305.223.905
Kalfortdorp 43, 2870 Puurs-Sint-Amands
since 20232.344.689.344
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12030D0870/00G000 | Flanders | 633 m² | 1 · 257 m² | 10.5 m · 2 fl. |
| 23039A0178/00N004 | Flanders | 515 m² | 1 · 219 m² | 9.7 m · 2 fl. |
| 23039B0191/00F004 | Flanders | 498 m² | - | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKapelle-op-den-Bos2.305.223.905
Puurs-Sint-Amands2.344.689.344
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Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,598 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
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750790490
Also
9925:BE0750790490
Registered
03-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.