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MELIMO

Active
Public limited companyfounded 1999active for 26 yearsRue des Waides 10, 4890 Thimister-Clermont, BelgiumKBO/BCE: BE 0467.245.634

Financials · financial year 2025, full format

Annual accounts 2025 filed on 09-07-2026 at the NBB all 26 filings

Turnover
€1.2m▲ 12.0%
2021 · €1.0m
EBIT margin
28.0%▼ 3.9pp
2021 · 31.9%
Net result
€236,108▼ 59.6%
2024 · €584,868
Working capital
-€406,723
2024 · €2.0m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 56% lower than in 2024.

Turnover€1.2m 2022 Operating result€0.3m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). 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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.3m-€1.0m€1.2m▲ 12.0%
Operating result€0.05m--€0.02m€0.06m€0.3m▲ 449%€0.3m▼ 1.7%€0.5m▲ 68.1%€0.8m▲ 44.3%€0.3m▼ 56.5%
Net result€0.07m-€0.004m▼ 93.4%€0.06mwithin the sector's middle half▲ 13×€0.2mabove the sector's middle half▲ 316%€0.3mabove the sector's middle half▲ 10.6%€0.4mabove the sector's middle half▲ 55.1%€0.6mabove the sector's middle half▲ 42.9%€0.2mabove the sector's middle half▼ 59.6%
EBIT margin16.8%-31.9%28.0%▼ 3.9pp
Equity€5.3m-€10.8m▲ 102%€11.6mabove the sector's middle half€11.7mabove the sector's middle half▲ 0.7%€11.5mabove the sector's middle half▼ 1.3%€12.1mabove the sector's middle half▲ 5.0%€12.4mabove the sector's middle half▲ 1.9%
Total assets€5.6m-€10.9m▲ 95.2%€13.3mabove the sector's middle half▲ 22.0%€13.1mabove the sector's middle half▼ 1.1%€12.7mabove the sector's middle half▼ 3.5%€13.3mabove the sector's middle half▲ 5.0%€13.4mabove the sector's middle half▲ 0.6%€14.6mabove the sector's middle half▲ 9.1%
Debt€0.2m-€0.002m▼ 99.0%€0.6m▲ 291×€1.5m▲ 142%€0.9m▼ 36.7%€1.7m▲ 84.4%€1.2m▼ 33.0%€2.2m▲ 86.3%
Working capital€1.5m-€2.1m▲ 38.9%€2.4mabove the sector's middle half▲ 14.8%€2.0mabove the sector's middle half▼ 14.0%€2.0mabove the sector's middle half▼ 2.0%€2.1mabove the sector's middle half▲ 6.4%€2.0mabove the sector's middle half▼ 7.2%-€0.4mbelow the sector's middle half
Solvency95.8%-99.3%▲ 3.5pp88.4%above the sector's middle half92.3%above the sector's middle half▲ 3.9pp86.7%above the sector's middle half▼ 5.5pp90.5%above the sector's middle half▲ 3.8pp84.6%above the sector's middle half▼ 6.0pp
Current ratio8.01-18.93above the sector's middle half3.79above the sector's middle half▼ 15.145.68above the sector's middle half▲ 1.884.62above the sector's middle half▼ 1.066.68above the sector's middle half▲ 2.060.48within the sector's middle half▼ 6.20
Return on assets (ROA)1.2%-0.0%▼ 1.1pp0.4%within the sector's middle half▲ 0.4pp1.8%within the sector's middle half▲ 1.4pp2.1%within the sector's middle half▲ 0.3pp3.1%within the sector's middle half▲ 1.0pp4.4%within the sector's middle half▲ 1.3pp1.6%within the sector's middle half▼ 2.8pp
Staff (FTE)0below the sector's middle half0within the sector's middle half
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.6m
Fixed assets €14.2m ▲ 28.6%
Current assets €380,106 ▼ 83.6%
Equity and liabilities €14.6m
Equity €12.4m ▲ 1.9%
Provisions €101,457 ▼ 7.2%
Debt €2.2m ▲ 86.3%
Debt's share of the balance-sheet total rises from 8.6% to 14.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.3m▼
2024 · €1.6m
Cash flow
€1.2m▼
2024 · €1.4m
Debt to equity
0.17▲
2024 · 0.10
ROE
1.9%▼
2024 · 4.8%
Interest coverage
28.31▼
2024 · 55.01
Debt ≤ 1 year
€786,829▲
2024 · €346,641
Debt > 1 year
€1.4m▲
2024 · €806,731
Income taxes
€85,019▼
2024 · €116,291
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets----€753,824

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€1.0m€682,245€1.6m€1.4m€4.1m
Financial fixed assets€3,858€1,929€3,929€6,929€1,929
Depreciation and write-downs of the year€653,010€650,425€703,387€828,276€949,437

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as MELIMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €11m and €19m, founded between 1988 and 2000.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
MELIMO Thimister-Clermont1999€14.6m€12.4m€1.5m€0.2m02025
PROLOGIS BELGIUM XVIII Antwerpen2000€12.6m-€2.6m€1.1m-€0.08m02025
IMMOBILIERE LE GRAND MIROIR Brussel1999€10.7m€10.7m€1.6m€0.4m02025
IMMO WYBO Poperinge1993€19.4m€2.0m€1.5m€0.07m02026
AIRPORT BORDER Etterbeek1998€18.2m-€2.7m€1.1m-€1.0m02025
IMMO TER WARENT Denderleeuw1988€16.2m€4.5m€1.5m€0.2m02025
WERVIMMO Brugge1988€14.1m€5.2m€1.7m€0.7m02025

They were chosen from the 6,621 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 observation

In July 2024, 1,887 companies had the same profile as MELIMO has now. Two years later, 0.1% had gone bankrupt and 97.9% were still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
97.9% was still going

That fits the bankruptcy probability of MELIMO itself: 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for MELIMO. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines

Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€13.4m€14.6m▲
Formation expenses20€0.002m€187▼
Fixed assets21/28€11.1m€14.2m▲
Tangible fixed assets22/27€11.0m€14.2m▲
Land and buildings22€10.9m€14.0m▲
Plant, machinery and equipment23€0.1m€0.1m▼
Furniture and vehicles24€0.001m€0.001m▼
Assets under construction and advance payments27€0€0.02m▲
Financial fixed assets28€0.04m€0.04m▲
Current assets29/58€2.3m€0.4m▼
Amounts receivable within one year40/41€1.9m€0.1m▼
Trade receivables40€0.07m€0.02m▼
Other amounts receivable41€1.8m€0.1m▼
Current investments50/53€0-
Cash at bank and in hand54/58€0.4m€0.2m▼
Deferred charges and accrued income490/1€0.06m€0.009m▼
Equity and liabilities
Total equity and liabilities10/49€13.4m€14.6m▲
Equity10/15€12.1m€12.4m▲
Contributions10/11€2.2m€2.2m=
Capital10€2.2m€2.2m=
Issued capital100€2.2m€2.2m=
Reserves13€9.9m€10.1m▲
Non-distributable reserves130/1€0.2m€0.2m=
Legal reserve130€0.2m€0.2m=
Tax-exempt reserves132€0.9m€0.7m▼
Distributable reserves133€8.7m€9.2m▲
Profit (loss) carried forward14€0.002m€0.008m▲
Investment grants15€0.02m€0.02m▼
Provisions and deferred taxes16€0.1m€0.1m▼
Deferred taxes168€0.1m€0.1m▼
Amounts payable17/49€1.2m€2.2m▲
Amounts payable after more than one year17€0.8m€1.4m▲
Financial debts170/4€0.8m€1.4m▲
Amounts payable within one year42/48€0.3m€0.8m▲
Current portion of amounts payable after more than one year42€0.3m€0.2m▼
Trade debts44€0.01m€0.1m▲
Suppliers440/4€0.01m€0.1m▲
Taxes, remuneration and social security45€0.002m€0▼
Taxes450/3€0.002m€0▼
Other amounts payable47/48€0€0.5m▲
Accrued charges and deferred income492/3€0.003m€0.002m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€0.9m▲
Other operating charges640/8€0.2m€0.2m▲
Gross operating margin9900€1.8m€1.5m▼
Operating profit (loss)9901€0.8m€0.3m▼
Financial income75/76B€0.01m€0.02m▲
Recurring financial income75€0.01m€0.02m▲
Financial charges65/66B€0.03m€0.05m▲
Recurring financial charges65€0.03m€0.05m▲
Profit (loss) for the period before taxes9903€0.8m€0.3m▼
Transfer from deferred taxes780€0.005m€0.008m▲
Transfer to deferred taxes680€0.08m€0▼
Income taxes67/77€0.1m€0.09m▼
Profit (loss) for the period9904€0.6m€0.2m▼
Transfer from tax-exempt reserves789€0.01m€0.2m▲
Transfer to tax-exempt reserves689€0.4m€0▼
Profit (loss) for the period to be appropriated9905€0.2m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.4m▲
Profit (loss) brought forward from the previous period14P€0.02m€0.002m▼
Transfer to equity691/2€0.2m€0.4m▲
To other reserves6921€0.2m€0.4m▲
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Turnover70€0.3m--€1.0m€1.2m----
Non-recurring operating income76A----€0.001m----
Goods, raw materials, services and sundry goods60/61---€0.06m€0.09m----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.6m€0.6m€0.7m€0.7m€0.7m€0.8m€0.9m▲ 14.6%
Other operating charges640/8-€0.001m€0.007m€0.01m€0.1m€0.2m€0.2m€0.2m▲ 7.6%
Non-recurring operating charges66A----€0.1m----
Gross operating margin9900€0.3m€0.6m€0.7m€1.0m€1.2m€1.4m€1.8m€1.5m▼ 17.3%
Operating profit (loss)9901€0.05m-€0.02m€0.06m€0.3m€0.3m€0.5m€0.8m€0.3m▼ 56.5%
Financial income75/76B-€0.02m€0.02m€0.009m€0.03m€0.01m€0.01m€0.02m▲ 36.4%
Recurring financial income75€0.02m€0.02m€0.02m€0.009m€0.03m€0.01m€0.01m€0.02m▲ 36.4%
Non-recurring financial income76B----€0----
Financial charges65/66B-€482€0.001m€0.008m€0.007m€0.02m€0.03m€0.05m▲ 55.3%
Recurring financial charges65€0.002m€482€0.001m€0.008m€0.007m€0.02m€0.03m€0.05m▲ 55.3%
Profit (loss) for the period before taxes9903€0.08m€0.001m€0.08m€0.3m€0.3m€0.5m€0.8m€0.3m▼ 59.4%
Transfer from deferred taxes780-€0.007m€0.005m€0.005m€0.005m€0.005m€0.005m€0.008m▲ 71.2%
Transfer to deferred taxes680------€0.08m€0▼ 100%
Income taxes67/77€0.01m€0.003m€0.02m€0.1m€0.09m€0.1m€0.1m€0.09m▼ 26.9%
Profit (loss) for the period9904€0.07m€0.004m€0.06m€0.2m€0.3m€0.4m€0.6m€0.2m▼ 59.6%
Transfer from tax-exempt reserves789-€0.01m€0.2m€0.2m€0.1m€0.01m€0.01m€0.2m▲ 15×
Transfer to tax-exempt reserves689---€0€0.2m€0.2m€0.4m€0▼ 100%
Profit (loss) for the period to be appropriated9905€0.07m€0.02m€0.2m€0.5m€0.2m€0.2m€0.2m€0.4m▲ 168%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.6m€10.9m€13.3m€13.1m€12.7m€13.3m€13.4m€14.6m▲ 9.1%
Formation expenses20€0--€0.009m€0.007m€0.004m€0.002m€187▼ 90.7%
Fixed assets21/28€3.9m€8.8m€10.8m€10.4m€10.2m€10.6m€11.1m€14.2m▲ 28.6%
Tangible fixed assets22/27€3.9m€8.8m€10.8m€10.3m€10.2m€10.6m€11.0m€14.2m▲ 28.7%
Land and buildings22-€8.8m€10.8m€10.3m€9.6m€10.4m€10.9m€14.0m▲ 29.1%
Plant, machinery and equipment23-€0.001m€0.004m€0.05m€0.07m€0.2m€0.1m€0.1m▼ 13.0%
Furniture and vehicles24------€0.001m€0.001m▼ 23.5%
Assets under construction and advance payments27----€0.6m€0.04m€0€0.02m-
Financial fixed assets28€0.001m€0.01m€0.02m€0.03m€0.03m€0.03m€0.04m€0.04m▲ 4.6%
Current assets29/58€1.7m€2.1m€2.5m€2.8m€2.4m€2.7m€2.3m€0.4m▼ 83.6%
Amounts receivable within one year40/41€1.5m€0.7m€1.6m€0.007m€0.5m€1.2m€1.9m€0.1m▼ 93.1%
Trade receivables40-€485€0.004m€0€0.005m€0.04m€0.07m€0.02m▼ 66.2%
Other amounts receivable41-€0.7m€1.6m€0.007m€0.5m€1.2m€1.8m€0.1m▼ 94.0%
Current investments50/53-----€0.5m€0--
Cash at bank and in hand54/58€0.1m€1.3m€0.8m€2.7m€1.9m€0.9m€0.4m€0.2m▼ 38.3%
Deferred charges and accrued income490/1-€0.006m€0.02m€0.02m€0.03m€0.04m€0.06m€0.009m▼ 83.6%
Equity and liabilities
Total equity and liabilities10/49€5.6m€10.9m€13.3m€13.1m€12.7m€13.3m€13.4m€14.6m▲ 9.1%
Equity10/15€5.3m€10.8m-€11.6m€11.7m€11.5m€12.1m€12.4m▲ 1.9%
Contributions10/11€1.6m€1.8m€2.2m€2.2m€2.2m€2.2m€2.2m€2.2m=
Capital10-€1.8m€2.2m€2.2m€2.2m€2.2m€2.2m€2.2m=
Issued capital100-€1.8m€2.2m€2.2m€2.2m€2.2m€2.2m€2.2m=
Revaluation surpluses12--€1.4m€0.6m€0.6m----
Reserves13€3.7m€8.9m€9.0m€8.8m€8.8m€9.3m€9.9m€10.1m▲ 2.3%
Non-distributable reserves130/1--€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Legal reserve130-€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Tax-exempt reserves132-€0.6m€0.5m€0.2m€0.3m€0.5m€0.9m€0.7m▼ 21.6%
Distributable reserves133-€8.2m€8.3m€8.3m€8.3m€8.5m€8.7m€9.2m▲ 4.9%
Profit (loss) carried forward14€0.001m€0.008m-€0.01m€0.04m€0.02m€0.002m€0.008m▲ 264%
Investment grants15-€0.03m€0.03m€0.03m€0.03m€0.03m€0.02m€0.02m▼ 14.3%
Provisions and deferred taxes16€0.02m€0.08m€0.05m€0.05m€0.04m€0.04m€0.1m€0.1m▼ 7.2%
Deferred taxes168-€0.08m€0.05m€0.05m€0.04m€0.04m€0.1m€0.1m▼ 7.2%
Amounts payable17/49€0.2m€0.002m€0.6m€1.5m€0.9m€1.7m€1.2m€2.2m▲ 86.3%
Amounts payable after more than one year17€0-€0.5m€0.8m€0.5m€1.1m€0.8m€1.4m▲ 69.3%
Financial debts170/4--€0.5m€0.8m€0.5m€1.1m€0.8m€1.4m▲ 69.3%
Amounts payable within one year42/48€0.2m€0.002m€0.1m€0.7m€0.4m€0.6m€0.3m€0.8m▲ 127%
Current portion of amounts payable after more than one year42--€0.1m€0.2m€0.2m€0.3m€0.3m€0.2m▼ 41.1%
Trade debts44€0.002m€0.002m€0.01m€0.04m€0.002m€0.1m€0.01m€0.1m▲ 974%
Suppliers440/4-€0.002m€0.01m€0.04m€0.002m€0.1m€0.01m€0.1m▲ 974%
Taxes, remuneration and social security45---€0.01m-€0.06m€0.002m€0▼ 100%
Taxes450/3---€0.01m-€0.06m€0.002m€0▼ 100%
Other amounts payable47/48---€0.4m€0.2m€0.05m€0€0.5m-
Accrued charges and deferred income492/3-€68-€332€0€0.003m€0.003m€0.002m▼ 38.9%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.07m€0.004m€0.06m€0.2m€0.3m€0.4m€0.6m€0.2m▼ 59.6%
+ Depreciation and write-downs630€0.3m€0.6m€0.6m€0.7m€0.7m€0.7m€0.8m€0.9m▲ 14.6%
Operating cash flow (approximation)€0.3m€0.6m€0.7m€0.9m€0.9m€1.1m€1.4m€1.2m▼ 16.1%
Investment in fixed assets (approximation)--€5.6m-€2.6m-€0.2m-€0.5m-€1.0m-€1.3m-€4.1m▼ 215%
Change in cash-€1.2m-€0.5m€1.9m-€0.9m-€1.0m-€0.5m-€0.1m▲ 72.2%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 26 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 09-07-2026 2026-00272509 NBB
31-12-2024 full format 17-07-2025 2025-00279144 PDF
31-12-2023 full format 31-08-2024 2024-00428601 PDF
31-12-2022 full format 19-07-2023 2023-00268243 PDF
31-12-2021 full format 18-07-2022 2022-20201396 PDF
31-12-2020 full format 31-08-2021 2021-65400146 PDF
31-12-2019 full format 21-08-2020 2020-43200048 PDF
31-12-2018 full format 01-07-2019 2019-27400191 PDF
31-12-2017 full format 20-07-2018 2018-36400535 PDF
31-12-2016 full format 27-06-2017 2017-23200165 PDF

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