MELEXIS
ActiveSummary
MELEXIS has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12bn and a net result of €115.7m. Equity is growing by about 9.5% per year across the filed financial years. Its solvency ranks better than 81% of 171 sector peers (NACE 26, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format, standalone accounts
In the rankings
#1 company by total assets in Belgium, Computer and electronic products sector#1 company by equity in Belgium, Computer and electronic products sector#3 employer in West Flanders, Computer and electronic products sector
Turnover
€64.3m▼ 7.2%
2024 · €69.3m
EBIT margin
4.4%▼ 3.4pp
2024 · 7.8%
Net result
€115.7m▼ 49.1%
2024 · €227.4m
Working capital
-€224.3m▼ 15.3%
2024 · -€194.5m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 48% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€64.3m
2025
Operating result€2.8m
2025
Net result€115.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1,407.2m
2025
Equity€1,122.2m
2025
Debt€285.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€224.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin4.4%
2025
Return on assets (ROA)8.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.20
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)329.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 26, Manufacture of computer, electronic and optical products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€67.2m-€61.6m▼ 8.4%€55.7m▼ 9.6%€60.3m▲ 8.2%€69.4m▲ 15.1%€67.7m▼ 2.5%€69.3m▲ 2.4%€64.3m▼ 7.2%
Operating result€12.6m-€10.2m▼ 19.1%€7.5m▼ 26.8%€8.9m▲ 18.7%€11.2m▲ 26.8%€5.4m▼ 52.1%€5.4m▲ 0.1%€2.8m▼ 47.8%
Net result€6.7m-€783.5m▲ 11,668%€62.2mabove the sector's middle half▼ 92.1%€3.8mabove the sector's middle half▼ 93.9%€155.8mabove the sector's middle half▲ 4,029%€478.8mabove the sector's middle half▲ 207%€227.4mabove the sector's middle half▼ 52.5%€115.7mabove the sector's middle half▼ 49.1%
EBIT margin18.7%-16.6%▼ 2.2pp13.4%▼ 3.1pp14.7%▲ 1.3pp16.2%▲ 1.5pp8.0%▼ 8.2pp7.8%▼ 0.2pp4.4%▼ 3.4pp
Equity€128.7m-€859.6m▲ 568%€832.9mabove the sector's middle half▼ 3.1%€731.7mabove the sector's middle half▼ 12.2%€746.1mabove the sector's middle half▲ 2.0%€1,075.4mabove the sector's middle half▲ 44.1%€1,153.2mabove the sector's middle half▲ 7.2%€1,122.2mabove the sector's middle half▼ 2.7%
Total assets€713.3m-€1,338.6m▲ 87.7%€1,328.1mabove the sector's middle half▼ 0.8%€1,323.9mabove the sector's middle half▼ 0.3%€1,323.8mabove the sector's middle half=€1,354.0mabove the sector's middle half▲ 2.3%€1,363.4mabove the sector's middle half▲ 0.7%€1,407.2mabove the sector's middle half▲ 3.2%
Debt€584.6m-€479.0m▼ 18.1%€495.2m▲ 3.4%€592.3m▲ 19.6%€577.8m▼ 2.4%€278.7m▼ 51.8%€210.2m▼ 24.6%€285.0m▲ 35.6%
Working capital-€569.0m--€472.0m▲ 17.0%-€489.0mbelow the sector's middle half▼ 3.6%-€586.2mbelow the sector's middle half▼ 19.9%-€316.6mbelow the sector's middle half▲ 46.0%-€268.0mbelow the sector's middle half▲ 15.3%-€194.5mbelow the sector's middle half▲ 27.4%-€224.3mbelow the sector's middle half▼ 15.3%
Solvency18.0%-64.2%▲ 46.2pp62.7%within the sector's middle half▼ 1.5pp55.3%within the sector's middle half▼ 7.5pp56.4%within the sector's middle half▲ 1.1pp79.4%above the sector's middle half▲ 23.1pp84.6%above the sector's middle half▲ 5.2pp79.7%above the sector's middle half▼ 4.8pp
Current ratio0.00-0.01=0.01below the sector's middle half=0.01below the sector's middle half=0.02below the sector's middle half▲ 0.010.03below the sector's middle half▲ 0.010.06below the sector's middle half▲ 0.030.20below the sector's middle half▲ 0.14
Return on assets (ROA)0.9%-58.5%▲ 57.6pp4.7%within the sector's middle half▼ 53.8pp0.3%within the sector's middle half▼ 4.4pp11.8%within the sector's middle half▲ 11.5pp35.4%above the sector's middle half▲ 23.6pp16.7%above the sector's middle half▼ 18.7pp8.2%within the sector's middle half▼ 8.5pp
Staff (FTE)256.3-306.9▲ 19.7%301.5above the sector's middle half▼ 1.8%301.6above the sector's middle half=318.9above the sector's middle half▲ 5.7%342.6above the sector's middle half▲ 7.4%349.8above the sector's middle half▲ 2.1%329.3above the sector's middle half▼ 5.9%
above
within
below
the middle half of NACE 26, Manufacture of computer, electronic and optical products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41bn
Fixed assets
€1.35bn ▼ 0.1%
Current assets
€57.2m ▲ 356%
Equity and liabilities €1.41bn
Equity
€1.12bn ▼ 2.7%
Debt
€285.0m ▲ 35.6%
Debt's share of the balance-sheet total rises from 15.4% to 20.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11.4m▼
2024 · €13.6m
Cash flow
€124.3m▼
2024 · €235.6m
Debt to equity
0.25▲
2024 · 0.18
ROE
10.3%▼
2024 · 19.7%
Interest coverage
2.52▲
2024 · 1.79
Debt ≤ 1 year
€281.4m▲
2024 · €207.0m
Debt > 1 year
€73,092
Income taxes
€248,116▲
2024 · €207,446
Staff costs
€36.2m▼
2024 · €36.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €62.7m | €72.8m | €71.0m | €72.7m | €68.8m | ▼ 5.4% |
| Turnover70 | €67.2m | €61.6m | €55.7m | €60.3m | €69.4m | €67.7m | €69.3m | €64.3m | ▼ 7.2% |
| Other operating income74 | - | - | - | €2.5m | €3.4m | €3.3m | €3.4m | €4.5m | ▲ 30.4% |
| Operating charges60/66A | - | - | - | €53.9m | €61.6m | €65.6m | €67.3m | €66.0m | ▼ 2.0% |
| Services and other goods61 | - | - | - | €15.6m | €21.6m | €22.9m | €22.2m | €20.9m | ▼ 5.7% |
| Remuneration, social security and pensions62 | - | - | - | €26.9m | €30.1m | €34.9m | €36.7m | €36.2m | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11.8m | €12.7m | €12.2m | €11.1m | €9.8m | €7.6m | €8.2m | €8.6m | ▲ 4.7% |
| Other operating charges640/8 | - | - | - | €0.3m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 19.1% |
| Operating profit (loss)9901 | €12.6m | €10.2m | €7.5m | €8.9m | €11.2m | €5.4m | €5.4m | €2.8m | ▼ 47.8% |
| Financial income75/76B | - | - | - | €0.2m | €154.5m | €485.2m | €229.9m | €117.8m | ▼ 48.8% |
| Recurring financial income75 | €0.2m | €0.09m | €60.7m | €0.2m | €154.4m | €485.2m | €229.9m | €117.8m | ▼ 48.8% |
| Income from financial fixed assets750 | - | - | - | - | €154.3m | €485.0m | €229.7m | €117.5m | ▼ 48.9% |
| Income from current assets751 | - | - | - | €0.1m | €0.006m | €0.02m | €0.001m | €0.004m | ▲ 361% |
| Other financial income752/9 | - | - | - | €0.02m | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 141% |
| Non-recurring financial income76B | - | - | - | - | €0.1m | €8 | - | - | - |
| Financial charges65/66B | - | - | - | €5.1m | €9.7m | €11.5m | €7.7m | €4.6m | ▼ 39.7% |
| Recurring financial charges65 | €6.3m | €7.0m | €5.6m | €5.1m | €9.7m | €11.5m | €7.7m | €4.6m | ▼ 39.7% |
| Debt charges650 | €6.2m | €6.9m | €5.6m | €5.0m | €9.6m | €11.3m | €7.6m | €4.5m | ▼ 40.2% |
| Other financial charges652/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €6.5m | €783.2m | €62.5m | €4.0m | €156.0m | €479.1m | €227.6m | €116.0m | ▼ 49.0% |
| Income taxes67/77 | -€0.2m | -€0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 19.6% |
| Taxes670/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 19.6% |
| Profit (loss) for the period9904 | €6.7m | €783.5m | €62.2m | €3.8m | €155.8m | €478.8m | €227.4m | €115.7m | ▼ 49.1% |
| Profit (loss) for the period to be appropriated9905 | €6.7m | €783.5m | €62.2m | €3.8m | €155.8m | €478.8m | €227.4m | €115.7m | ▼ 49.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €713.3m | €1,338.6m | €1,328.1m | €1,323.9m | €1,323.8m | €1,354.0m | €1,363.4m | €1,407.2m | ▲ 3.2% |
| Fixed assets21/28 | €711.0m | €1,334.4m | €1,324.3m | €1,319.8m | €1,318.1m | €1,346.2m | €1,350.9m | €1,350.0m | ▼ 0.1% |
| Intangible fixed assets21 | €0.5m | €0.3m | €0.2m | €0.1m | €0.09m | €0.06m | €0.03m | €0.2m | ▲ 458% |
| Tangible fixed assets22/27 | €52.5m | €46.1m | €36.1m | €31.6m | €28.1m | €42.5m | €47.2m | €46.1m | ▼ 2.2% |
| Land and buildings22 | - | - | - | €13.0m | €12.2m | €12.1m | €21.7m | €21.5m | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | €14.4m | €11.7m | €15.9m | €16.6m | €15.7m | ▼ 5.7% |
| Furniture and vehicles24 | - | - | - | €1.7m | €2.0m | €2.8m | €3.6m | €3.4m | ▼ 4.3% |
| Assets under construction and advance payments27 | - | - | - | €2.5m | €2.2m | €11.6m | €5.2m | €5.5m | ▲ 6.9% |
| Financial fixed assets28 | €658.1m | €1,288.0m | €1,288.0m | €1,288.0m | €1,289.9m | €1,303.6m | €1,303.7m | €1,303.7m | = |
| Affiliated companies280/1 | - | - | - | €1,288.0m | €1,289.9m | €1,303.6m | €1,303.6m | €1,303.6m | = |
| Participating interests280 | - | - | - | €1,288.0m | €1,289.9m | €1,303.6m | €1,303.6m | €1,303.6m | = |
| Other financial fixed assets284/8 | - | - | - | €0.04m | €0.04m | €0.06m | €0.1m | €0.1m | ▼ 23.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.04m | €0.04m | €0.06m | €0.1m | €0.1m | ▼ 23.6% |
| Current assets29/58 | €2.4m | €4.2m | €3.8m | €4.1m | €5.7m | €7.9m | €12.5m | €57.2m | ▲ 356% |
| Amounts receivable after more than one year29 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.1m | ▲ 192% |
| Other amounts receivable291 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.1m | ▲ 192% |
| Amounts receivable within one year40/41 | €0.2m | €1.9m | €2.1m | €1.6m | €3.1m | €3.9m | €4.8m | €3.0m | ▼ 37.8% |
| Trade receivables40 | - | - | - | €0.03m | €0.05m | €0.005m | €0.04m | €0.1m | ▲ 272% |
| Other amounts receivable41 | - | - | - | €1.5m | €3.0m | €3.9m | €4.7m | €2.8m | ▼ 40.2% |
| Current investments50/53 | €0.02m | €0.02m | €0.02m | - | - | - | €4.4m | €50.0m | ▲ 1,034% |
| Own shares50 | - | - | - | - | - | - | €4.4m | €50.0m | ▲ 1,034% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.8m | €0.7m | ▼ 15.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2.2m | €2.2m | €3.5m | €2.5m | €3.4m | ▲ 33.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €713.3m | €1,338.6m | €1,328.1m | €1,323.9m | €1,323.8m | €1,354.0m | €1,363.4m | €1,407.2m | ▲ 3.2% |
| Equity10/15 | €128.7m | €859.6m | €832.9m | €731.7m | €746.1m | €1,075.4m | €1,153.2m | €1,122.2m | ▼ 2.7% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.1m | €3.9m | €3.9m | €0.06m | €0.06m | €0.06m | €4.5m | €50.1m | ▲ 1,021% |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | €0.06m | €4.5m | €50.1m | ▲ 1,021% |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Own shares acquired1312 | - | - | - | - | - | - | €4.4m | €50.0m | ▲ 1,034% |
| Profit (loss) carried forward14 | €127.7m | €854.9m | €828.2m | €730.8m | €745.2m | €1,074.6m | €1,148.0m | €1,071.4m | ▼ 6.7% |
| Investment grants15 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.0% |
| Amounts payable17/49 | €584.6m | €479.0m | €495.2m | €592.3m | €577.8m | €278.7m | €210.2m | €285.0m | ▲ 35.6% |
| Amounts payable after more than one year17 | €10.0m | - | - | €0.004m | €250.0m | €0.007m | - | €0.07m | - |
| Financial debts170/4 | - | - | - | - | €250.0m | €0.007m | - | €0.07m | - |
| Other loans174 | - | - | - | - | €250.0m | €0.007m | - | €0.07m | - |
| Other amounts payable178/9 | - | - | - | €0.004m | - | - | - | - | - |
| Amounts payable within one year42/48 | €571.3m | €476.2m | €492.8m | €590.4m | €322.3m | €275.9m | €207.0m | €281.4m | ▲ 35.9% |
| Trade debts44 | €5.7m | €1.6m | €2.1m | €2.4m | €4.0m | €2.1m | €1.5m | €2.0m | ▲ 28.1% |
| Suppliers440/4 | - | - | - | €2.4m | €4.0m | €2.1m | €1.5m | €2.0m | ▲ 28.1% |
| Taxes, remuneration and social security45 | - | - | - | €4.3m | €5.3m | €6.2m | €5.9m | €5.3m | ▼ 10.9% |
| Taxes450/3 | - | - | - | €0.2m | €0.7m | €1.3m | €1.5m | €0.6m | ▼ 56.4% |
| Remuneration and social security454/9 | - | - | - | €4.0m | €4.6m | €5.0m | €4.4m | €4.6m | ▲ 4.3% |
| Other amounts payable47/48 | - | - | - | €583.7m | €313.0m | €267.5m | €199.6m | €274.2m | ▲ 37.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1.9m | €5.4m | €2.8m | €3.2m | €3.5m | ▲ 8.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.7m | €783.5m | €62.2m | €3.8m | €155.8m | €478.8m | €227.4m | €115.7m | ▼ 49.1% |
| + Depreciation and write-downs630 | €11.8m | €12.7m | €12.2m | €11.1m | €9.8m | €7.6m | €8.2m | €8.6m | ▲ 4.7% |
| Operating cash flow (approximation) | €18.4m | €796.2m | €74.4m | €14.9m | €165.6m | €486.4m | €235.6m | €124.3m | ▼ 47.2% |
| Investment in fixed assets (approximation) | - | -€636.1m | -€2.2m | -€6.6m | -€8.1m | -€35.6m | -€13.0m | -€7.7m | ▲ 40.6% |
| Change in cash | - | €0.1m | €0.01m | €0.1m | €0.1m | -€0.007m | €0.4m | -€0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 65 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | consolidated | 09-06-2026 | 2026-00165220 |
| 31-12-2025 | full format | 21-05-2026 | 2026-00127029 |
| 31-12-2024 | consolidated | 01-07-2025 | 2025-00230700 |
| 31-12-2024 | full format | 17-06-2025 | 2025-00151155 |
| 31-12-2023 | consolidated | 20-06-2024 | 2024-00156201 |
| 31-12-2023 | full format | 11-06-2024 | 2024-00130903 |
| 31-12-2022 | full format | 19-06-2023 | 2023-00149841 |
| 31-12-2022 | consolidated | 19-06-2023 | 2023-00149899 |
| 31-12-2021 | consolidated | 14-06-2022 | 2022-20070996 |
| 31-12-2021 | full format | 13-06-2022 | 2022-20065601 |
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Of the 246 active companies whose main activity is manufacture of computer, electronic and optical products (NACE 26110), figures are known for 183. 4 are within a factor 10 of this equity. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €32,116 awarded · €32,116 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €4,836 | €4,836 |
| 2024 | 2 | €9,049 | €9,049 |
| 2023 | 1 | €9,734 | €9,734 |
| 2022 | 1 | €8,497 | €8,497 |
European Union, budget
2023 · 1 entry · €208,398 in totalProjects
ECS ACADEMY - EUROPEAN CHIPS SKILLS ACADEMY
European research
1 project · €38,788 EU contributionProgrammes
Projects
Pilot line for micro-transfer-printing of functional components on wafer level
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.