Summary
For the legal form of MELIORE, Checked does not compute a bankruptcy probability. The 2025 annual accounts show a net result of €1.4m. Equity is growing by ~88% per year across the filed fiscal years. Its net result ranks better than 95% of 279 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability56▼-4
Solvency-
Growth85=
Track record94
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 · 4 filingsDeviation from the deadline
2025
28 d early
2024
13 d early
2023
36 d early
2022
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% 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 4 July (4 of the last 4 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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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Brussels, Other services sector
Turnover
€79.9m▲ 23.5%
2024 · €64.7m
EBIT margin
1.4%▼ 2.7pp
2024 · 4.1%
Net result
€1.4m▼ 41.4%
2024 · €2.4m
Working capital
€84.3m▼ 25.5%
2024 · €113.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, 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
Line2022202320242025
Turnover€100,000-€21.6m▲ 21,544%€64.7m▲ 199%€79.9m▲ 23.5%
Operating result€100,000--€145,441€2.6m€1.1m▼ 57.1%
Net result€100,000above the sector's middle half-€202,440above the sector's middle half▲ 102%€2.4mabove the sector's middle half▲ 1,083%€1.4mabove the sector's middle half▼ 41.4%
EBIT margin100.0%--0.7%▼ 100.7pp4.1%▲ 4.8pp1.4%▼ 2.7pp
Equity€100,000within the sector's middle half-€3.0mwithin the sector's middle half▲ 2,920%€5.4mwithin the sector's middle half▲ 79.3%
Total assets€100,000below the sector's middle half-€35.2mabove the sector's middle half▲ 35,121%€119.2mabove the sector's middle half▲ 239%€100.0mabove the sector's middle half▼ 16.1%
Debt€32.2m€112.9m▲ 251%€14.9m▼ 86.8%
Working capital€30.8mabove the sector's middle half€113.1mabove the sector's middle half▲ 267%€84.3mabove the sector's middle half▼ 25.5%
Solvency100.0%above the sector's middle half-8.6%below the sector's middle half▼ 91.4pp4.5%below the sector's middle half▼ 4.0pp
Current ratio8.86within the sector's middle half22.17above the sector's middle half▲ 13.316.65within the sector's middle half▼ 15.52
Return on assets (ROA)100.0%above the sector's middle half-0.6%within the sector's middle half▼ 99.4pp2.0%within the sector's middle half▲ 1.4pp1.4%within the sector's middle half▼ 0.6pp
Staff (FTE)32.4above the sector's middle half36.6above the sector's middle half▲ 13.0%37.6above the sector's middle half▲ 2.7%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Turnover +21,544%, Net result +102% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100.0m
Fixed assets
€798,374 ▲ 6.8%
Current assets
€99.2m ▼ 16.3%
Key figures and ratios
EBITDA
€1.3m▼
2024 · €2.7m
Cash flow
€1.6m▼
2024 · €2.5m
Interest coverage
51545.60▲
2024 · 10.74
Debt ≤ 1 year
€14.9m▲
2024 · €5.3m
Staff costs
€18.8m▲
2024 · €15.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | €21.8m | €64.7m | €79.9m | ▲ 23.5% |
| Turnover70 | €100,000 | €21.6m | €64.7m | €79.9m | ▲ 23.5% |
| Operating charges60/66A | - | €21.9m | €62.0m | €78.7m | ▲ 27.0% |
| Services and other goods61 | - | €15.8m | €45.9m | €59.7m | ▲ 30.1% |
| Remuneration, social security and pensions62 | - | €6.1m | €15.1m | €18.8m | ▲ 24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €49,071 | €97,775 | €150,997 | ▲ 54.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €22,254 | - |
| Gross operating margin9900 | €100,000 | - | - | - | - |
| Operating profit (loss)9901 | €100,000 | -€145,441 | €2.6m | €1.1m | ▼ 57.1% |
| Financial income75/76B | - | €415,490 | €582 | - | - |
| Recurring financial income75 | - | €415,490 | €582 | €398,770 | ▲ 68,417% |
| Other financial income752/9 | - | €415,490 | €582 | €398,770 | ▲ 68,417% |
| Non-recurring financial income76B | - | - | - | €5,398 | - |
| Financial charges65/66B | - | €67,609 | €255,686 | €139,025 | ▼ 45.6% |
| Recurring financial charges65 | - | €67,609 | €255,686 | €139,025 | ▼ 45.6% |
| Debt charges650 | - | - | - | €25 | - |
| Other financial charges652/9 | - | €67,609 | €255,686 | €139,000 | ▼ 45.6% |
| Profit (loss) for the period before taxes9903 | €100,000 | €202,440 | €2.4m | €1.4m | ▼ 41.4% |
| Profit (loss) for the period9904 | €100,000 | €202,440 | €2.4m | €1.4m | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | €100,000 | €202,440 | €2.4m | €1.4m | ▼ 41.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €100,000 | €35.2m | €119.2m | €100.0m | ▼ 16.1% |
| Fixed assets21/28 | - | €465,492 | €747,653 | €798,374 | ▲ 6.8% |
| Tangible fixed assets22/27 | - | €217,082 | €242,512 | €391,042 | ▲ 61.2% |
| Plant, machinery and equipment23 | - | €217,082 | €242,512 | €391,042 | ▲ 61.2% |
| Financial fixed assets28 | - | €248,410 | €505,141 | €407,332 | ▼ 19.4% |
| Other financial fixed assets284/8 | - | €248,410 | €505,141 | €407,332 | ▼ 19.4% |
| Amounts receivable and cash guarantees285/8 | - | €248,410 | €505,141 | €407,332 | ▼ 19.4% |
| Current assets29/58 | €100,000 | €34.8m | €118.5m | €99.2m | ▼ 16.3% |
| Amounts receivable after more than one year29 | - | - | €26.9m | €11.0m | ▼ 59.0% |
| Other amounts receivable291 | - | - | €26.9m | €11.0m | ▼ 59.0% |
| Amounts receivable within one year40/41 | - | - | €29.3m | €45.7m | ▲ 55.9% |
| Trade receivables40 | - | - | - | €3.7m | - |
| Other amounts receivable41 | - | - | €29.3m | €42.1m | ▲ 43.4% |
| Cash at bank and in hand54/58 | €100,000 | €34.1m | €61.2m | €40.5m | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | €677,251 | €1.0m | €1.9m | ▲ 87.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €100,000 | €35.2m | €119.2m | €100.0m | ▼ 16.1% |
| Equity10/15 | €100,000 | €3.0m | €5.4m | - | - |
| Reserves13 | €100,000 | €3.0m | €5.4m | €7.8m | ▲ 43.7% |
| Provisions and deferred taxes16 | - | - | €864,296 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €864,296 | €766,662 | ▼ 11.3% |
| Other liabilities and charges164/5 | - | - | €864,296 | €766,662 | ▼ 11.3% |
| Amounts payable17/49 | - | €32.2m | €112.9m | - | - |
| Amounts payable within one year42/48 | - | €3.9m | €5.3m | €14.9m | ▲ 179% |
| Trade debts44 | - | €3.6m | €5.1m | €14.9m | ▲ 195% |
| Suppliers440/4 | - | €3.6m | €5.1m | €14.9m | ▲ 195% |
| Taxes, remuneration and social security45 | - | €319,585 | €278,804 | €62 | ▼ 100.0% |
| Taxes450/3 | - | €43,125 | €50,104 | €62 | ▼ 99.9% |
| Remuneration and social security454/9 | - | €276,460 | €228,700 | - | - |
| Accrued charges and deferred income492/3 | - | €28.3m | €107.6m | €76.5m | ▼ 28.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,000 | €202,440 | €2.4m | €1.4m | ▼ 41.4% |
| + Depreciation and write-downs630 | - | €49,071 | €97,775 | €150,997 | ▲ 54.4% |
| Operating cash flow (approximation) | €100,000 | €251,511 | €2.5m | €1.6m | ▼ 37.6% |
| Investment in fixed assets (approximation) | - | - | -€379,936 | -€201,718 | ▲ 46.9% |
| Change in cash | - | €34.0m | €27.1m | -€20.7m | ▼ 176% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €2.4m ▲1,083%
Operating result €2.6m, net result €2.4m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 22.17
Current ratio from 8.86 to 22.17.
31-12
Financial
Equity above €5mEq €5.4m ▲79.3%
3 profitable years in a row build equity to €5.4m.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €3.0m ▲2,920%
2 profitable years in a row build equity to €3.0m.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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 · 2 establishment units since 2022
Ground area
2,782 m²
Building footprint
2,168 m²
Volume, LiDAR
69,759 m³
2 parcels, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.
124
companies at this address
See who is registered here
2 establishment units
MELIORE
since 20222.340.435.004
MELIORE
since 20222.359.345.945
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0901/00N000 | Brussels | 2,342 m² | 1 · 1,841 m² | 42.2 m · 12 fl. |
| 21805E0332/00F000 | Brussels | 440 m² | 1 · 327 m² | 23.4 m · 7 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.
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Of 487 companies in sector 94994 we hold annual accounts for 139. 44 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-utility foundation
Founded18-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
94994Activities of membership organisations
Contact
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
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