Summary
MELEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €984,140 and a net result of €577,087. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 60% of 5585 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
92 d late
2022
24 d late
2021
27 d late
2020
16 d late
2019
82 d late
← 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 43 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€984,140▼ 1.3%
2024 · €996,635
Net result
€577,087
2024 · -€27,463
Total assets
€1.6m▲ 53.5%
2024 · €1.0m
Solvency
61.9%▼ 34.3pp
2024 · 96.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€5,606▼ 58.2%€6,125▲ 9.3%-€6,627-€27,347▼ 313%-€12,159▲ 55.5%
Net result€231,238above the sector's middle half▲ 2,130%€30,014within the sector's middle half▼ 87.0%€1.9mabove the sector's middle half▲ 6,186%-€27,463below the sector's middle half€577,087above the sector's middle half
Equity€989,231above the sector's middle half▲ 0.2%€992,309above the sector's middle half▲ 0.3%€1.0mabove the sector's middle half▲ 3.2%€996,635above the sector's middle half▼ 2.7%€984,140within the sector's middle half▼ 1.3%
Total assets€1.3mabove the sector's middle half▲ 23.9%€1.1mabove the sector's middle half▼ 16.7%€1.9mabove the sector's middle half▲ 75.3%€1.0mabove the sector's middle half▼ 45.3%€1.6mwithin the sector's middle half▲ 53.5%
Debt€307,837▲ 420%€88,325▼ 71.3%€870,296▲ 885%€39,446▼ 95.5%€605,881▲ 1,436%
Working capital-€7,942within the sector's middle half▼ 23.9%-€1,710within the sector's middle half▲ 78.5%€31,373within the sector's middle half€2,104within the sector's middle half▼ 93.3%-€7,283within the sector's middle half
Solvency76.3%within the sector's middle half▼ 18.1pp91.8%above the sector's middle half▲ 15.6pp54.1%within the sector's middle half▼ 37.8pp96.2%above the sector's middle half▲ 42.1pp61.9%within the sector's middle half▼ 34.3pp
Current ratio0.97within the sector's middle half▲ 0.090.98within the sector's middle half▲ 0.011.04within the sector's middle half▲ 0.061.06within the sector's middle half▲ 0.020.99within the sector's middle half▼ 0.07
Return on assets (ROA)17.8%within the sector's middle half▲ 16.8pp2.8%within the sector's middle half▼ 15.1pp99.6%above the sector's middle half▲ 96.8pp-2.7%below the sector's middle half▼ 102.2pp36.3%above the sector's middle half▲ 38.9pp
Staff (FTE)3▲ 66.7%2.7▼ 10.0%2▼ 25.9%2=1.5above the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,159 in 2025 against €27,347 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€997,600 =
Current assets
€592,422 ▲ 1,440%
Equity and liabilities €1.6m
Equity
€984,140 ▼ 1.3%
Debt
€605,881 ▲ 1,436%
Debt's share of the balance-sheet total rises from 3.8% to 38.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
58.6%▲
2024 · -2.8%
Debt ≤ 1 year
€599,705▲
2024 · €36,377
Income taxes
€81▲
2024 · €77
Staff costs
€103,214▼
2024 · €112,486
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €122,921 | €111,481 | €97,291 | €112,486 | €103,214 | ▼ 8.2% |
| Other operating charges640/8 | €868 | €1,397 | €1,180 | €1,188 | €1,438 | ▲ 21.1% |
| Gross operating margin9900 | €129,395 | €119,003 | €91,845 | €86,327 | €92,493 | ▲ 7.1% |
| Operating profit (loss)9901 | €5,606 | €6,125 | -€6,627 | -€27,347 | -€12,159 | ▲ 55.5% |
| Financial income75/76B | €229,448 | €26,935 | €1.9m | - | €589,582 | - |
| Recurring financial income75 | €229,448 | €26,935 | €1.9m | - | €589,582 | - |
| Financial charges65/66B | €559 | €47 | €42 | €40 | €254 | ▲ 541% |
| Recurring financial charges65 | €559 | €47 | €42 | €40 | €254 | ▲ 541% |
| Profit (loss) for the period before taxes9903 | €234,495 | €33,014 | €1.9m | -€27,386 | €577,169 | ▲ 2,208% |
| Income taxes67/77 | €3,257 | €3,000 | - | €77 | €81 | ▲ 5.8% |
| Profit (loss) for the period9904 | €231,238 | €30,014 | €1.9m | -€27,463 | €577,087 | ▲ 2,201% |
| Profit (loss) for the period to be appropriated9905 | €231,238 | €30,014 | €1.9m | -€27,463 | €577,087 | ▲ 2,201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.1m | €1.9m | €1.0m | €1.6m | ▲ 53.5% |
| Fixed assets21/28 | €997,600 | €997,600 | €997,600 | €997,600 | €997,600 | = |
| Financial fixed assets28 | €997,600 | €997,600 | €997,600 | €997,600 | €997,600 | = |
| Current assets29/58 | €299,468 | €83,034 | €896,794 | €38,480 | €592,422 | ▲ 1,440% |
| Amounts receivable within one year40/41 | €240,719 | €35,302 | €856,723 | €28,470 | €591,431 | ▲ 1,977% |
| Trade receivables40 | €11,253 | €8,349 | €8,652 | €26,529 | €8 | ▼ 100.0% |
| Other amounts receivable41 | €229,466 | €26,953 | €848,072 | €1,941 | €591,423 | ▲ 30,375% |
| Cash at bank and in hand54/58 | €53,832 | €44,122 | €39,085 | €10,010 | €991 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | €4,918 | €3,610 | €986 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.9m | €1.0m | €1.6m | ▲ 53.5% |
| Equity10/15 | €989,231 | €992,309 | €1.0m | €996,635 | €984,140 | ▼ 1.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €889,231 | €892,309 | €892,309 | €896,635 | ▲ 0.5% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €879,231 | €882,309 | €882,309 | €886,635 | ▲ 0.5% |
| Profit (loss) carried forward14 | €879,231 | €3,078 | €31,789 | €4,326 | -€12,494 | ▼ 389% |
| Amounts payable17/49 | €307,837 | €88,325 | €870,296 | €39,446 | €605,881 | ▲ 1,436% |
| Amounts payable within one year42/48 | €307,410 | €84,744 | €865,420 | €36,377 | €599,705 | ▲ 1,549% |
| Trade debts44 | €12,914 | €6,806 | €4,247 | €1,031 | - | - |
| Suppliers440/4 | €12,914 | €6,806 | €4,247 | €1,031 | - | - |
| Taxes, remuneration and social security45 | €26,591 | €12,546 | €14,120 | €35,345 | €8,382 | ▼ 76.3% |
| Taxes450/3 | €2,257 | €2,529 | - | €9,170 | €4,574 | ▼ 50.1% |
| Remuneration and social security454/9 | €24,334 | €10,017 | €14,120 | €26,175 | €3,807 | ▼ 85.5% |
| Other amounts payable47/48 | €267,905 | €65,392 | €847,054 | - | €591,324 | - |
| Accrued charges and deferred income492/3 | €427 | €3,581 | €4,875 | €3,069 | €6,176 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €231,238 | €30,014 | €1.9m | -€27,463 | €577,087 | ▲ 2,201% |
| Operating cash flow (approximation) | €231,238 | €30,014 | €1.9m | -€27,463 | €577,087 | ▲ 2,201% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,709 | -€5,038 | -€29,074 | -€9,020 | ▲ 69.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
16-06
State Gazette act
Founder · Director reappointment
Representation rule · Incorporation
2025
31-12
Financial
Back to profitnet €577,087
Net result €577,087 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€27,463
Net result drops to -€27,463, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €1.9m ▲6,186%
Net result €1.9m, the highest in the series.
31-12
Financial
Equity above €1mEq €1.0m ▲3.2%
6 profitable years in a row build equity to €1.0m.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Liège · 1 establishment unit since 2004
Ground area
1,266 m²
Building footprint
153 m²
Volume, LiDAR
384 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MELEC
since 20042.138.966.992
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012C0070/00M000 | Wallonia | 1,195 m² | 1 · 108 m² | - |
| 62302C0767/00G003 | Wallonia | 71 m² | 1 · 45 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- hold-IT
- MELEC
Highest known parent: hold-IT. The sources do not say who stands above it.
Owners 1
- hold-ITparentSourceaccounts hold-IT 2025100%
Holdings 1
-
99.76%
According to the 2025 annual accounts of MELEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 12,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70100Activities of head offices
73200Market research and public opinion polling
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866939577
Also
9925:BE0866939577
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.