MELIH26
ActiveSummary
The computed 12-month bankruptcy probability of MELIH26 is 4.2% (elevated). The 2025 annual accounts show equity of €55k and a net result of €14k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 52% of 4654 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-4
Solvency65▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 5.37 against 3.48 in 2024; short-term debt: 17.4% and cash: 30.3% of total assets), but 59.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.3%
Return on assets
10.6%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
53 d early
2024
71 d early
2023
54 d early
2022
49 d early
2021
16 d late
2020
34 d late
2019
111 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€55k▲ 35.6%
2024 · €40k
2019: €34k
2020: €37k▲ +8.1% vs 2019
2021: €9k▼ -75.0% vs 2020lowest in 7 years
2022: €10k▲ +7.1% vs 2021
2023: €24k▲ +142% vs 2022
2024: €40k▲ +68.2% vs 2023
2025: €55k▲ +35.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€136k▲ 90.2%
2024 · €71k
2019: €74k
2020: €84k▲ +13.8% vs 2019
2021: €101k▲ +20.0% vs 2020
2022: €90k▼ -10.7% vs 2021
2023: €75k▼ -16.5% vs 2022
2024: €71k▼ -4.6% vs 2023lowest in 7 years
2025: €136k▲ +90.2% vs 2024highest in 7 years
2019 → 2025
Net result
€14k▼ 12.3%
2024 · €16k
2019: €16k
2020: €3k▼ -82.3% vs 2019
2021: €-28k▼ -1104% vs 2020lowest in 7 years
2022: €655▲ +102% vs 2021
2023: €14k▲ +2055% vs 2022
2024: €16k▲ +16.1% vs 2023highest in 7 years
2025: €14k▼ -12.3% vs 2024
2019 → 2025
Working capital
€103k▲ 141%
2024 · €43k
2019: €49k
2020: €49k▼ -0.3% vs 2019
2021: €31k▼ -37.1% vs 2020
2022: €22k▼ -30.1% vs 2021lowest in 7 years
2023: €27k▲ +26.3% vs 2022
2024: €43k▲ +57.5% vs 2023
2025: €103k▲ +141% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€10k▲ 7.1%€24k▲ 142%€40k▲ 68.2%€55k▲ 35.6%
2021: €9klowest in 5 years
2022: €10k▲ +7.1% vs 2021
2023: €24k▲ +142% vs 2022
2024: €40k▲ +68.2% vs 2023
2025: €55k▲ +35.6% vs 2024highest in 5 years
Operating result€-19k-€5k€18k▲ 227%€22k▲ 27.3%€17k▼ 26.0%
2021: €-19klowest in 5 years
2022: €5k▲ +128% vs 2021
2023: €18k▲ +227% vs 2022
2024: €22k▲ +27.3% vs 2023highest in 5 years
2025: €17k▼ -26.0% vs 2024
Net result€-28k-€655€14k▲ 2,055%€16k▲ 16.1%€14k▼ 12.3%
2021: €-28klowest in 5 years
2022: €655▲ +102% vs 2021
2023: €14k▲ +2055% vs 2022
2024: €16k▲ +16.1% vs 2023highest in 5 years
2025: €14k▼ -12.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€9k ▼ 20.5%
Current assets
€127k ▲ 111%
Equity and liabilities €136k
Equity
€55k ▲ 35.6%
Debt
€81k ▲ 161%
Debt's share of the balance-sheet total rises from 43.5% to 59.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €28k
Cash flow
€17k▼
2024 · €22k
Current ratio
5.37▲
2024 · 3.48
Debt to equity
1.48▲
2024 · 0.77
ROE
26.2%▼
2024 · 40.5%
ROA
10.6%▼
2024 · 22.9%
Interest coverage
8.47▲
2024 · 4.68
Debt ≤ 1 year
€24k▲
2024 · €17k
Debt > 1 year
€58k▲
2024 · €14k
Staff costs
€32k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€136k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€2k€0▼
Furniture and vehicles24€2k€0▼
Financial fixed assets28€9k€9k=
Current assets29/58€60k€127k▲
Amounts receivable within one year40/41€29k€86k▲
Trade receivables40€11k€18k▲
Other amounts receivable41€18k€68k▲
Cash at bank and in hand54/58€31k€41k▲
Equity and liabilities
Total equity and liabilities10/49€71k€136k▲
Equity10/15€40k€55k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€22k€36k▲
Amounts payable17/49€31k€81k▲
Amounts payable after more than one year17€14k€58k▲
Financial debts170/4€14k€58k▲
Amounts payable within one year42/48€17k€24k▲
Current portion of amounts payable after more than one year42€13k€18k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€28k€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€4k€11k▲
Gross operating margin9900€60k€62k▲
Operating profit (loss)9901€22k€17k▼
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€16k€14k▼
Profit (loss) for the period9904€16k€14k▼
Profit (loss) for the period to be appropriated9905€16k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€36k▲
Profit (loss) brought forward from the previous period14P€5k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €28k | €32k | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €6k | €2k | ▼ 60.6% |
| Other operating charges640/8 | €3k | €6k | €2k | €4k | €11k | ▲ 197% |
| Gross operating margin9900 | €-10k | €18k | €26k | €60k | €62k | ▲ 2.5% |
| Operating profit (loss)9901 | €-19k | €5k | €18k | €22k | €17k | ▼ 26.0% |
| Financial charges65/66B | €3k | €4k | €3k | €6k | €2k | ▼ 63.1% |
| Recurring financial charges65 | €3k | €4k | €3k | €6k | €2k | ▼ 63.1% |
| Profit (loss) for the period before taxes9903 | €-23k | €2k | €15k | €16k | €14k | ▼ 12.3% |
| Income taxes67/77 | €5k | €1k | €700 | - | - | - |
| Profit (loss) for the period9904 | €-28k | €655 | €14k | €16k | €14k | ▼ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €655 | €14k | €16k | €14k | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €90k | €75k | €71k | €136k | ▲ 90.2% |
| Fixed assets21/28 | €29k | €24k | €17k | €11k | €9k | ▼ 20.5% |
| Tangible fixed assets22/27 | €20k | €15k | €8k | €2k | €0 | ▼ 100.0% |
| Furniture and vehicles24 | €20k | €15k | €8k | €2k | €0 | ▼ 100.0% |
| Financial fixed assets28 | €9k | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €71k | €66k | €58k | €60k | €127k | ▲ 111% |
| Amounts receivable within one year40/41 | €40k | €42k | €31k | €29k | €86k | ▲ 191% |
| Trade receivables40 | €28k | €22k | €12k | €11k | €18k | ▲ 61.9% |
| Other amounts receivable41 | €12k | €20k | €18k | €18k | €68k | ▲ 271% |
| Cash at bank and in hand54/58 | €31k | €24k | €27k | €31k | €41k | ▲ 34.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €90k | €75k | €71k | €136k | ▲ 90.2% |
| Equity10/15 | €9k | €10k | €24k | €40k | €55k | ▲ 35.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-9k | €-9k | €5k | €22k | €36k | ▲ 65.9% |
| Amounts payable17/49 | €91k | €80k | €51k | €31k | €81k | ▲ 161% |
| Amounts payable after more than one year17 | €51k | €35k | €20k | €14k | €58k | ▲ 318% |
| Financial debts170/4 | €51k | €35k | €20k | €14k | €58k | ▲ 318% |
| Amounts payable within one year42/48 | €40k | €44k | €30k | €17k | €24k | ▲ 36.8% |
| Current portion of amounts payable after more than one year42 | €15k | €22k | €21k | €13k | €18k | ▲ 41.7% |
| Trade debts44 | €25k | €19k | €5k | €4k | €4k | ▲ 20.0% |
| Suppliers440/4 | €25k | €19k | €5k | €4k | €4k | ▲ 20.0% |
| Taxes, remuneration and social security45 | - | €4k | €5k | €1k | €1k | ▲ 35.4% |
| Taxes450/3 | - | €4k | €5k | €1k | €1k | ▲ 35.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €655 | €14k | €16k | €14k | ▼ 12.3% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €6k | €2k | ▼ 60.6% |
| Operating cash flow (approximation) | €-21k | €7k | €21k | €22k | €17k | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | €-972 | €0 | €0 | €0 | - |
| Change in cash | - | €-7k | €3k | €4k | €10k | ▲ 195% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €16k ▲16.1%
Operating result €22k, net result €16k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €655
Net result €655 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2018
Ground area
628 m²
Building footprint
444 m²
Volume, LiDAR
5,733 m³
2 parcels, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MELIH26
since 20182.314.374.864
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0091/00A003 | Brussels | 394 m² | 1 · 220 m² | 16.2 m · 5 fl. |
| 21816C0157/00S000 | Brussels | 234 m² | 1 · 224 m² | 17.4 m · 4 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,044 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
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.