MELIORARE
ActiveSummary
MELIORARE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€10,165. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 48% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-23
Solvency61▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.88 in 2024; short-term debt: 13.9% and cash: 4.3% of total assets), and 63.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
36.3%
Return on assets
-0.2%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
41 d early
2022
56 d early
2021
52 d early
2020
51 d early
2019
49 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 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,165
2024 · €108,725
Working capital
-€114,262▼ 79.8%
2024 · -€63,543
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,107▲ 823%-€63,421€91,973€135,805▲ 47.7%€33,156▼ 75.6%
Net result€26,947within the sector's middle half-€104,087below the sector's middle half€52,826above the sector's middle half€108,725above the sector's middle half▲ 106%-€10,165within the sector's middle half
Equity€1.5mabove the sector's middle half▲ 1.7%€1.3mabove the sector's middle half▼ 7.3%€1.4mabove the sector's middle half▲ 3.8%€1.5mabove the sector's middle half▲ 7.6%€1.5mwithin the sector's middle half▼ 0.8%
Total assets€2.8mabove the sector's middle half▼ 4.0%€3.7mabove the sector's middle half▲ 32.4%€3.7mabove the sector's middle half▼ 1.5%€3.7mabove the sector's middle half▲ 1.3%€4.1mwithin the sector's middle half▲ 9.9%
Debt€1.4m▼ 9.4%€2.4m▲ 74.4%€2.3m▼ 4.4%€2.2m▼ 2.6%€2.6m▲ 17.2%
Working capital€15,733within the sector's middle half▲ 282%-€142,053below the sector's middle half-€173,221below the sector's middle half▼ 21.9%-€63,543within the sector's middle half▲ 63.3%-€114,262within the sector's middle half▼ 79.8%
Solvency51.4%within the sector's middle half▲ 2.9pp36.0%within the sector's middle half▼ 15.4pp37.9%within the sector's middle half▲ 1.9pp40.3%within the sector's middle half▲ 2.4pp36.3%within the sector's middle half▼ 3.9pp
Current ratio1.04within the sector's middle half▲ 0.030.66within the sector's middle half▼ 0.380.61within the sector's middle half▼ 0.050.88within the sector's middle half▲ 0.270.80within the sector's middle half▼ 0.08
Return on assets (ROA)1.0%within the sector's middle half▲ 1.7pp-2.8%below the sector's middle half▼ 3.7pp1.4%within the sector's middle half▲ 4.2pp2.9%within the sector's middle half▲ 1.5pp-0.2%within the sector's middle half▼ 3.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€3.7m ▲ 11.0%
Current assets
€457,453 ▲ 2.5%
Equity and liabilities €4.1m
Equity
€1.5m ▼ 0.8%
Debt
€2.6m ▲ 17.2%
Debt's share of the balance-sheet total rises from 59.7% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€198,777▼
2024 · €299,853
Cash flow
€155,457▼
2024 · €272,773
Debt to equity
1.75▲
2024 · 1.48
ROE
-0.7%▼
2024 · 7.2%
Interest coverage
3.61▼
2024 · 9.36
Debt ≤ 1 year
€571,715▲
2024 · €509,779
Debt > 1 year
€2.0m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 | €145,101 | €157,817 | €159,875 | €164,047 | €165,621 | ▲ 1.0% |
| Other operating charges640/8 | €37,046 | €152,924 | €49,533 | €51,570 | €52,299 | ▲ 1.4% |
| Gross operating margin9900 | €236,253 | €247,320 | €301,380 | €351,423 | €251,076 | ▼ 28.6% |
| Operating profit (loss)9901 | €54,107 | -€63,421 | €91,973 | €135,805 | €33,156 | ▼ 75.6% |
| Financial income75/76B | €2,227 | €4,227 | €4,227 | €4,939 | €11,721 | ▲ 137% |
| Recurring financial income75 | €2,227 | €4,227 | €4,227 | €4,939 | €11,721 | ▲ 137% |
| Financial charges65/66B | €29,386 | €44,893 | €43,374 | €32,020 | €55,042 | ▲ 71.9% |
| Recurring financial charges65 | €29,386 | €44,893 | €43,374 | €32,020 | €55,042 | ▲ 71.9% |
| Profit (loss) for the period before taxes9903 | €26,947 | -€104,087 | €52,826 | €108,725 | -€10,165 | ▼ 109% |
| Profit (loss) for the period9904 | €26,947 | -€104,087 | €52,826 | €108,725 | -€10,165 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €26,947 | -€104,087 | €52,826 | €108,725 | -€10,165 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.7m | €3.7m | €3.7m | €4.1m | ▲ 9.9% |
| Fixed assets21/28 | €2.4m | €3.5m | €3.4m | €3.3m | €3.7m | ▲ 11.0% |
| Intangible fixed assets21 | €498 | €498 | €498 | €498 | €498 | = |
| Tangible fixed assets22/27 | €2.4m | €3.5m | €3.3m | €3.2m | €3.1m | ▼ 4.4% |
| Land and buildings22 | €2.4m | €3.5m | €3.3m | €3.2m | €3.1m | ▼ 4.4% |
| Financial fixed assets28 | - | - | €100,000 | €100,000 | €600,000 | ▲ 500% |
| Current assets29/58 | €385,293 | €273,968 | €267,148 | €446,236 | €457,453 | ▲ 2.5% |
| Amounts receivable after more than one year29 | €50,000 | €150,000 | €125,000 | €290,000 | €215,000 | ▼ 25.9% |
| Other amounts receivable291 | €50,000 | €150,000 | €125,000 | €290,000 | €215,000 | ▼ 25.9% |
| Amounts receivable within one year40/41 | €1,250 | €15,278 | €43,000 | €42,713 | €60,670 | ▲ 42.0% |
| Trade receivables40 | €1,250 | €15,278 | €28,000 | €42,713 | - | - |
| Other amounts receivable41 | - | - | €15,000 | - | €60,670 | - |
| Cash at bank and in hand54/58 | €334,043 | €108,690 | €99,148 | €113,523 | €176,785 | ▲ 55.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,998 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.7m | €3.7m | €3.7m | €4.1m | ▲ 9.9% |
| Equity10/15 | €1.5m | €1.3m | €1.4m | €1.5m | €1.5m | ▼ 0.8% |
| Contributions10/11 | €783,344 | €783,344 | €783,344 | €783,344 | €783,344 | = |
| Capital10 | €783,344 | €783,344 | €783,344 | €783,344 | €783,344 | = |
| Issued capital100 | €783,344 | €783,344 | €783,344 | €783,344 | €783,344 | = |
| Reserves13 | €78,334 | €78,334 | €78,334 | €78,334 | €78,334 | = |
| Non-distributable reserves130/1 | €78,334 | €78,334 | €78,334 | €78,334 | €78,334 | = |
| Legal reserve130 | €78,334 | €78,334 | €78,334 | €78,334 | €78,334 | = |
| Profit (loss) carried forward14 | €563,740 | €459,653 | €512,478 | €621,203 | €611,039 | ▼ 1.6% |
| Investment grants15 | €29,692 | €27,465 | €25,239 | €23,012 | €20,786 | ▼ 9.7% |
| Amounts payable17/49 | €1.4m | €2.4m | €2.3m | €2.2m | €2.6m | ▲ 17.2% |
| Amounts payable after more than one year17 | €1.0m | €2.0m | €1.9m | €1.7m | €2.0m | ▲ 15.3% |
| Financial debts170/4 | €964,992 | €1.9m | €1.8m | €1.7m | €1.9m | ▲ 15.8% |
| Other amounts payable178/9 | €39,267 | €39,267 | €47,517 | €41,517 | €39,267 | ▼ 5.4% |
| Amounts payable within one year42/48 | €369,560 | €416,021 | €440,368 | €509,779 | €571,715 | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | €84,494 | €135,384 | €137,619 | €146,360 | €165,053 | ▲ 12.8% |
| Trade debts44 | €15,687 | €9,353 | €9,400 | €137 | €3,550 | ▲ 2,486% |
| Suppliers440/4 | €15,687 | €9,353 | €9,400 | €137 | €3,550 | ▲ 2,486% |
| Taxes, remuneration and social security45 | €3,429 | €3,143 | €2,828 | - | - | - |
| Taxes450/3 | €3,429 | €3,143 | €2,828 | - | - | - |
| Other amounts payable47/48 | €265,950 | €268,141 | €290,521 | €363,282 | €403,112 | ▲ 11.0% |
| Accrued charges and deferred income492/3 | €1,089 | €742 | €721 | €5,039 | €64,637 | ▲ 1,183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,947 | -€104,087 | €52,826 | €108,725 | -€10,165 | ▼ 109% |
| + Depreciation and write-downs630 | €145,101 | €157,817 | €159,875 | €164,047 | €165,621 | ▲ 1.0% |
| Operating cash flow (approximation) | €172,048 | €53,730 | €212,700 | €272,773 | €155,457 | ▼ 43.0% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€112,251 | -€31,249 | -€526,244 | ▼ 1,584% |
| Change in cash | - | -€225,354 | -€9,542 | €14,376 | €63,262 | ▲ 340% |
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
03-07
State Gazette act
Appointment: DOMUS 85 (director)Permanent representative: John Glenisson · Resignation: DOMUS 85 (director) · Registered-office move8 facts ▸
State Gazette act
Appointment: DOMUS 85 (director)
Permanent representative: John Glenisson · Resignation: DOMUS 85 (director) · Registered-office move8 facts ▸
- Other statement, niet-statutaire wijzigingen
- General meeting, 05-06-2026
- Director appointment, DOMUS 85 (director)
- Permanent representative, John Glenisson (permanent representative)
- Director resignation, DOMUS 85 (director)
- Board meeting, 05-06-2026
- Registered-office move, Leopoldstraat 2A bus 1,2300 Turnhout
- Director appointment, DOMUS 85 (managing director)
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €108,725 ▲106%
Operating result €135,805, net result €108,725, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €52,826
Net result €52,826 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€104,087
Net result drops to -€104,087, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €26,947
Net result €26,947 after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
DOMUS 85
CurrentDirector · since 06-06-2026 · Private limited company · perm. rep.: John Glenisson
Day-to-day management 1
DOMUS 85
CurrentManaging director · since 06-06-2026 · Private limited company · perm. rep.: John Glenisson
Permanent representatives 1
John Glenisson
CurrentPermanent representative · since 06-06-2026 · for DOMUS 85
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 1993
Ground area
1,075 m²
Building footprint
337 m²
Volume, LiDAR
3,247 m³
2 parcels, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
MELIORARE NV
since 19932.064.782.679
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454Q0216/00C000 | Flanders | 954 m² | 1 · 216 m² | 14.0 m · 3 fl. |
| 13454Q0440/00P000 | Flanders | 120 m² | 1 · 120 m² | 14.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DOMUS 85 |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of MELIORARE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
G. Glenisson
Shared corporate director
→
Recognitions · licences · registrations
Legal Entity Identifier
89450089MKR90ADRAW33
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 3,391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451505801
Registered
28-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.