MELES
ActiveSummary
MELES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,900 and a net result of -€1,635. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+7
Solvency58▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 91.09; short-term debt: 0.2% and cash: 5.3% of total assets), but 66.9% 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
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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
33.1%
Return on assets
-3%
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 07-06-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
57 d early
2023
57 d early
2022
38 d early
2021
53 d early
2020
51 d early
2019
28 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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, abbreviated schema
Equity
€17,900▼ 8.4%
2024 · €19,535
Total assets
€54,003▼ 2.8%
2024 · €55,535
Net result
-€1,635▲ 48.2%
2024 · -€3,157
Working capital
€9,279▲ 26.1%
2022 · €7,358
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,166-€698€754-€3,117-€1,588▲ 49.1%
Net result€1,122-€737€713-€3,157-€1,635▲ 48.2%
Equity€22,716▲ 5.2%€21,979▼ 3.2%€22,692▲ 3.2%€19,535▼ 13.9%€17,900▼ 8.4%
Total assets€57,182▲ 15.1%€52,126▼ 8.8%€58,692▲ 12.6%€55,535▼ 5.4%€54,003▼ 2.8%
Debt€10,466▲ 3.9%€147▼ 98.6%€103
Working capital€11,921▲ 198%€7,358▼ 38.3%€9,279
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,588 in 2025 against €3,117 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,003
Fixed assets
€44,621 =
Current assets
€9,382 ▼ 14.0%
Equity and liabilities €54,003
Equity
€17,900
Provisions
€36,000
Debt
€103
Debt finances 0.2% of the balance-sheet total.
Key figures and ratios
Current ratio
91.09
Debt to equity
0.01
ROE
-9.1%▲
2024 · -16.2%
ROA
-3.0%▲
2024 · -5.7%
Debt ≤ 1 year
€103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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 12,304 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €796 | €174 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €6,000 | €6,000 | €6,000 | - | - | - |
| Other operating charges640/8 | €2,394 | €2,871 | €3,327 | €4,331 | €3,633 | ▼ 16.1% |
| Gross operating margin9900 | €10,356 | €8,347 | €10,081 | €1,214 | €2,045 | ▲ 68.5% |
| Operating profit (loss)9901 | €1,166 | -€698 | €754 | -€3,117 | -€1,588 | ▲ 49.1% |
| Financial charges65/66B | €44 | €39 | €41 | €40 | €47 | ▲ 17.5% |
| Recurring financial charges65 | €44 | €39 | €41 | €40 | €47 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | €1,122 | -€737 | €713 | -€3,157 | -€1,635 | ▲ 48.2% |
| Profit (loss) for the period9904 | €1,122 | -€737 | €713 | -€3,157 | -€1,635 | ▲ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €1,122 | -€737 | €713 | -€3,157 | -€1,635 | ▲ 48.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,182 | €52,126 | €58,692 | €55,535 | €54,003 | ▼ 2.8% |
| Fixed assets21/28 | €44,795 | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Tangible fixed assets22/27 | €44,795 | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Land and buildings22 | €44,795 | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Current assets29/58 | €12,387 | €7,505 | €14,071 | €10,914 | €9,382 | ▼ 14.0% |
| Amounts receivable within one year40/41 | €233 | €3,813 | €466 | €2,357 | €6,529 | ▲ 177% |
| Trade receivables40 | €51 | €2,633 | - | €509 | €2,136 | ▲ 320% |
| Other amounts receivable41 | €182 | €1,180 | €466 | €1,848 | €4,393 | ▲ 138% |
| Cash at bank and in hand54/58 | €12,154 | €3,692 | €13,605 | €8,557 | €2,853 | ▼ 66.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,182 | €52,126 | €58,692 | €55,535 | €54,003 | ▼ 2.8% |
| Equity10/15 | €22,716 | €21,979 | €22,692 | €19,535 | €17,900 | ▼ 8.4% |
| Contributions10/11 | €49,579 | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Capital10 | €49,579 | €49,579 | - | - | - | - |
| Issued capital100 | €49,579 | €49,579 | - | - | - | - |
| Reserves13 | €178 | €178 | €178 | €178 | €178 | = |
| Non-distributable reserves130/1 | €178 | €178 | - | - | - | - |
| Legal reserve130 | €178 | €178 | - | - | - | - |
| Distributable reserves133 | - | - | €178 | €178 | €178 | = |
| Profit (loss) carried forward14 | -€27,041 | -€27,778 | -€27,065 | -€30,222 | -€31,857 | ▼ 5.4% |
| Provisions and deferred taxes16 | €24,000 | €30,000 | €36,000 | €36,000 | €36,000 | = |
| Provisions for liabilities and charges160/5 | €24,000 | €30,000 | €36,000 | €36,000 | €36,000 | = |
| Major repairs and maintenance162 | €24,000 | €30,000 | €36,000 | €36,000 | €36,000 | = |
| Amounts payable17/49 | €10,466 | €147 | - | - | €103 | - |
| Amounts payable after more than one year17 | €10,000 | - | - | - | - | - |
| Other amounts payable178/9 | €10,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €466 | €147 | - | - | €103 | - |
| Trade debts44 | €466 | €147 | - | - | €103 | - |
| Suppliers440/4 | €466 | €147 | - | - | €103 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,122 | -€737 | €713 | -€3,157 | -€1,635 | ▲ 48.2% |
| + Depreciation and write-downs630 | €796 | €174 | - | - | - | - |
| Operating cash flow (approximation) | €1,918 | -€563 | €713 | -€3,157 | -€1,635 | ▲ 48.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,462 | €9,913 | -€5,048 | -€5,704 | ▼ 13.0% |
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
07-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€3,157
Net result drops to -€3,157, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €713
Net result €713 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1,122
Net result €1,122 after 3 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 61current ratio 59.01
Current ratio from 0.96 to 59.01; short-term debt falls from €5,712 to €69.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Hamont-Achel · 1 establishment unit since 1990
Ground area
755 m²
Building footprint
198 m²
Volume, LiDAR
1,162 m³
Parcel 72001C0767/00S000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MELES CV
since 19902.047.509.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72001C0767/00S000 | Flanders | 754 m² | 1 · 198 m² | 10.7 m · 2 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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 29,398 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
Founded05-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439313196
Also
9925:BE0439313196
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.