Equity
Melange paid out €88,229 in dividends. That is 279% of the 2025 profit.
Melange paid out €88,229 in dividends. That is 279% of the 2025 profit.
The micro format states no turnover.
Of this, €185,338 falls due within a year.
Short-term debts rose from €83,208 to €185,338.
The last five annual accounts were filed 32 to 47 days before the end of the period.
Lower solvency than 83% of companies in advertising and market research. Sector median 53.3% · 8,600 companies.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 18% of them on solvency, 33% on liquidity, 29% on profitability and 15% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,448 companies had the same profile as Melange has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Melange itself is lower: 0.2% within 12 months. It rests on far more data about Melange than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for Melange. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.52 (1.75 in 2024), below 1. Short-term debt is 14.5% and cash 1.8% of total assets. 93.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Melange Mol | €1.3m | €155,077 | 6.7% | - |
| BIELEN Balen | €1.4m | €167,395 | 46.2% | - |
| Beaucourt Consultants Duffel | €1.1m | €169,212 | 74.0% | - |
| KINKIN Uccle | €1.4m | €172,781 | 30.8% | - |
| LESER GROUP Braine-l'Alleud | €1.1m | €153,030 | 35.6% | - |
| BUSINESS MARKERS Lokeren | €1.2m | €138,616 | 24.6% | 2 |
| DEMOOR INVEST Binche | €1.6m | €161,355 | 37.4% | - |
These companies have the same main activity as Melange: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1.1m and €1.6m, founded between 2014 and 2017.
Melange files the micro format. That format states no turnover. The gross margin rose from -€2,710 in 2015 to €155,077 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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