MELIFARM
ActiveSummary
MELIFARM has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€45,197) and a net result of -€9,949. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 5% of 2,072 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-07-2015 Normal situation
- Activity
- Raising of other animals NACE 01480and 1 other
- Establishment unit
- 2.243.871.405 6921 Wellin, since 28-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €1,686
- ▼ 80.4%
- Loss
- €9,949
- Equity
- -€45,197
- ▼ 28.2%
- Total assets
- €6,654
- ▼ 58.9%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€45,197Loss of €9,949 (financial year 2025)lowers riskSize: turnover €1,686, total assets €6,654Sector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 01, micro). It does better than 5% of them on solvency, 19% on liquidity, 4% on profitability and 6% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-06-2026 at the NBB all 10 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €9,877, after a profit of €1,207 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,163 | €1,903 | €1,901 | €778 |
| Intangible fixed assets | - | - | - | €213 | - |
| Depreciation and write-downs of the year | €35 | €444 | €1,470 | €2,756 | €2,571 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as MELIFARM: raising of other animals (NACE 01480). They are comparable in size and age: total assets between €3,740 and €27,600, founded between 1998 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| MELIFARM Wellin | 2015 | €6,654 | -€45,197 | -€6,175 | €1,686 | -€9,949 | 2025 |
| KAMALIA Zutendaal | 2013 | €5,505 | -€217,985 | -€16,960 | - | -€63,978 | 2025 |
| Milltown CC Diest | 2019 | €3,736 | -€18,080 | -€1,730 | - | -€3,786 | 2025 |
| Big Dutch Bully Kennel Ravels | 2022 | €8,834 | -€61,817 | €280 | - | -€793 | 2025 |
| VAN ESBLOKHOF Beveren-Kruibeke-Zwijndrecht | 2010 | €27,597 | -€97,083 | -€4,257 | - | -€10,266 | 2025 |
| ELJOMA HONDENSPORT Genk | 1998 | €12,780 | €8,950 | €1,740 | - | -€422 | 2025 |
| DUNEHILLS Beernem | 2023 | €7,955 | -€6,561 | €2,185 | - | €211 | 2025 |
They were chosen from the 173 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,907 companies had the same profile as MELIFARM has now. Two years later, 5.8% had gone bankrupt and 85.5% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MELIFARM itself is lower: 0.4% within 12 months. It rests on far more data about MELIFARM than the profile alone.
Test of the method
The method was tested on the 497,445 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 6,907 companies, not a prediction for MELIFARM. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1,220 | €2,113 | €1,179 | €1,232 | €2,437 | €2,605 | €8,585 | €1,686 | ▼ 80.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3,946 | €4,249 | €4,998 | €4,124 | €7,860 | ▲ 90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,126 | €416 | €279 | €35 | €444 | €1,470 | €2,756 | €2,571 | ▼ 6.7% |
| Other operating charges640/8 | - | - | - | €534 | €455 | €557 | €498 | €1,131 | ▲ 127% |
| Gross operating margin9900 | -€6,112 | -€3,226 | -€2,747 | -€2,714 | -€1,812 | -€2,393 | €4,461 | -€6,175 | - |
| Operating profit (loss)9901 | -€7,870 | -€4,222 | -€3,550 | -€3,283 | -€2,711 | -€4,420 | €1,207 | -€9,877 | - |
| Financial charges65/66B | - | - | - | €72 | €78 | €74 | €72 | €72 | = |
| Recurring financial charges65 | €66 | €70 | €72 | €72 | €78 | €74 | €72 | €72 | = |
| Profit (loss) for the period before taxes9903 | -€7,936 | -€4,292 | -€3,622 | -€3,355 | -€2,789 | -€4,494 | €1,135 | -€9,949 | - |
| Profit (loss) for the period9904 | -€7,936 | -€4,292 | -€3,622 | -€3,355 | -€2,789 | -€4,494 | €1,135 | -€9,949 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,936 | -€4,292 | -€3,622 | -€3,355 | -€2,789 | -€4,494 | €1,135 | -€9,949 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6,777 | €5,081 | €4,830 | €4,863 | €8,429 | €9,880 | €16,190 | €6,654 | ▼ 58.9% |
| Formation expenses20 | €412 | €137 | €0 | - | - | €1,431 | €1,157 | €883 | ▼ 23.7% |
| Fixed assets21/28 | €318 | €176 | €35 | - | €3,719 | €4,152 | €3,784 | €2,266 | ▼ 40.1% |
| Intangible fixed assets21 | - | - | - | - | - | - | €213 | €213 | = |
| Tangible fixed assets22/27 | €318 | €176 | €35 | - | €3,719 | €4,152 | €3,571 | €2,053 | ▼ 42.5% |
| Plant, machinery and equipment23 | - | - | - | - | €168 | €112 | €1,323 | €634 | ▼ 52.1% |
| Furniture and vehicles24 | - | - | - | - | €3,551 | €4,040 | €2,248 | €1,419 | ▼ 36.9% |
| Current assets29/58 | €6,047 | €4,768 | €4,795 | €4,863 | €4,710 | €4,297 | €11,249 | €3,505 | ▼ 68.8% |
| Stocks and contracts in progress3 | €3,900 | €3,000 | €2,900 | €2,900 | €3,100 | €2,300 | €2,100 | €2,100 | = |
| Stocks30/36 | - | - | - | €2,900 | €3,100 | €2,300 | €2,100 | €2,100 | = |
| Amounts receivable within one year40/41 | €1,819 | €542 | €628 | €292 | €515 | €235 | €7,260 | €151 | ▼ 97.9% |
| Trade receivables40 | - | - | - | - | - | - | €7,260 | €53 | ▼ 99.3% |
| Other amounts receivable41 | - | - | - | €292 | €515 | €235 | - | €98 | - |
| Cash at bank and in hand54/58 | €328 | €1,226 | €1,267 | €1,671 | €1,095 | €1,762 | €1,889 | €1,254 | ▼ 33.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6,777 | €5,081 | €4,830 | €4,863 | €8,429 | €9,880 | €16,190 | €6,654 | ▼ 58.9% |
| Equity10/15 | -€18,132 | -€22,124 | -€25,746 | -€29,100 | -€31,889 | -€36,383 | -€35,248 | -€45,197 | ▼ 28.2% |
| Contributions10/11 | €18,600 | €18,900 | €18,900 | €18,900 | €18,900 | €18,900 | €18,900 | €18,900 | = |
| Capital10 | - | - | - | €18,900 | €18,900 | €18,900 | €18,900 | €18,900 | = |
| Issued capital100 | - | - | - | €18,900 | €18,900 | €18,900 | €18,900 | €18,900 | = |
| Profit (loss) carried forward14 | -€36,732 | -€41,024 | -€44,646 | -€48,000 | -€50,789 | -€55,283 | -€54,148 | -€64,097 | ▼ 18.4% |
| Amounts payable17/49 | €24,909 | €27,205 | €30,576 | €33,963 | €40,318 | €46,263 | €51,438 | €51,851 | ▲ 0.8% |
| Amounts payable within one year42/48 | €24,909 | €27,205 | €30,576 | €33,963 | €40,318 | €46,263 | €51,438 | €51,851 | ▲ 0.8% |
| Trade debts44 | €537 | €326 | €20 | €277 | €39 | €162 | €68 | €471 | ▲ 593% |
| Suppliers440/4 | - | - | - | €277 | €39 | €162 | €68 | €471 | ▲ 593% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €849 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €849 | - | - |
| Other amounts payable47/48 | - | - | - | €33,686 | €40,279 | €46,101 | €50,521 | €51,380 | ▲ 1.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,936 | -€4,292 | -€3,622 | -€3,355 | -€2,789 | -€4,494 | €1,135 | -€9,949 | - |
| + Depreciation and write-downs630 | €1,126 | €416 | €279 | €35 | €444 | €1,470 | €2,756 | €2,571 | ▼ 6.7% |
| Operating cash flow (approximation) | -€6,810 | -€3,876 | -€3,343 | -€3,320 | -€2,345 | -€3,024 | €3,891 | -€7,378 | - |
| Investment in fixed assets (approximation) | - | -€274 | -€138 | - | - | -€1,903 | -€2,388 | -€1,053 | ▲ 55.9% |
| Change in cash | - | €898 | €41 | €404 | -€576 | €667 | €127 | -€635 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-06-2026 | 2026-00217811 | NBB |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00182612 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00163113 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00169513 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20089903 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23100546 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21700368 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-21800412 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27700174 | |
| 31-12-2016 | full format | 28-06-2017 | 2017-24200187 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-12-2023 Converted to unavailable equity · €18,900
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vanoekel,Xavier |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, nullité”
Articles of association, deed of 29-12-2023 (in French)
Network & group
MELIFARM shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MELIFARM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-12
Gazette deed
Company renamed from MATRANGELLE to MELIFARMChange of role: Vanoekel,Xavier, from manager to director · Amendment of the articles · Capital conversion14 points ▸
- General meeting, 21-12-2023
- Other provision, 0633.929.345, “BE 0633929345” (deed in French)
- Other provision, “statuts non modifiés, n’ont pas été modifiés à ce jour” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Power of attorney
- Other provision, 10-12-2023
- Purpose change
- Name change, MELIFARM
- Director resignation, Vanoekel,Xavier (manager)
- Director appointment, Vanoekel,Xavier (director (not named in the articles))
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
11 activities
- L’élevage d’ovins, l’achat et la vente d’ovins sur pied ou en carcasse, de colis d’agneaux ainsi que le commerce de gros ou de détail voire la production de tout produit lié l’élevage ovin ou à l’exploitation de la bergerie.
- L’élevage et la vente d’abeilles et la production de miel, de cire et de tous produits de la ruche.
- Le commerce en gros ou au détail de matériel d’apiculture.
- La promotion de l’élevage des abeilles et des produits de la ruche par tout moyen ou support, l’organisation de cours, d’ateliers, de formations, de dégustations, d’activités, de stages, de conférences.
- L’exploitation d’un activité agricole et/ou horticole, dont notamment, sans que cela ne soit limitatif : l’agriculture, l’arboriculture, l’horticulture, la viticulture, la pisciculture et l’apiculture et accessoirement à ces activités :
- La production et la commercialisation des produits, transformés ou non, issus ou à base des productions de l’exploitation (fruits, yaourt, farine…)
- L’importation, l’exportation de produits s’y rapportant.
- Toutes opérations généralement quelconques, qui sont le fait de l’exploitation ci-avant, en ce compris l’achat, la vente de produits issus de cette activité, d’outillage, d’engrais, de plans, de produits phytosanitaires et autres.
- La fabrication artisanale de produits alimentaires, de soins ou cosmétiques, à base de miel, et/ou de fruits en gros ou au détail, leur commercialisation, en vente directe, en ce compris le commerce ambulant, sur des marchés, et l’e-commerce, ou via des revendeurs.
- Le commerce de gros ou de détail voire la production de tout produit étiqueté « MATRANGELLE » « MELIFARM » ou autre, alimentaire ou non alimentaire, la promotion des enseignes « MATRANGELLE » et « MELIFARM » et la location immobilière au sens large.
- La prestation de services techniques et administratifs.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84013A0160/00G000indicative | Wallonia | 880 m² | 1 · 129 m² | 4.7 m · 1 |