Equity
€50,974 ▼ 58.8%
MELM paid out €120,000 in dividends. That is 234% of the 2025 profit.
MELM
Lifetime
10 annual accounts with figures on one time axispeak €150,221 (2020)
€78,047▲ 127%
peak €112,281 (2020)
€51,225▲ 184%
peak €146,013 (2020)
€50,974▼ 58.8%
€153,588▲ 703%
peak 0 FTE (2023)
0 FTE
Board1 name since 2015
1 directorHermie Mario
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from €34,363 to €78,047Result from €18,023 to €51,225Dividend €120,000Equity from €123,749 to €50,974Debts from €19,119 to €153,588Cash from €117,676 to €188,479
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 52% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Wholesale trade (NACE 46)
lowers risk
Liquidity: current ratio 1.27, cash €188,479
Founded in 2015
Size: total assets €204,561
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 46, micro). It does better than 36% of them on solvency, 67% on liquidity, 95% on profitability and 9% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as MELM has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MELM itself is lower: 0.1% within 12 months. It rests on far more data about MELM than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for MELM. 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.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (6.42 in 2024), below the usual 1.5. Short-term debt is 72.9% and cash 92.1% of total assets. 75.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
23 days early
2023
19 days early
2022
14 days early
2021
3 days early
2020
18 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0632598663
Founder · Incorporation
Gazette deed
General meeting · Director resignation
Gazette deed
General meeting · Name change
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MELM Eeklo | €204,561 | €78,047 | 24.9% | 0 |
| BJORN'S Raeren | €179,342 | €61,533 | 41.5% | 0 |
| TRABECO Schilde | €289,446 | €60,576 | 36.0% | 0 |
| SITHO Harelbeke | €206,995 | €68,726 | 44.7% | 0.8 |
| Société Kafrouni International Waterloo | €472,963 | €80,067 | 37.0% | 0 |
| Goede Speelprojecten Antwerp | €178,620 | €79,347 | 42.5% | 0.8 |
| Fast Cars Kuurne | €391,945 | €129,994 | -4.5% | 0.1 |
These companies have the same main activity as MELM: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €179,000 and €473,000, founded between 2008 and 2020.
Official details
Source: KBO- Status
- Active since 19-06-2015Normal situation
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180and 5 others
- Establishment unit
- 2.243.216.7539900 Eeklo, since 19-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €390,000estimated
- €204,561▲ 43.2%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on MELM
MELM files the abbreviated format. That format states no turnover. The gross margin rose from €41,776 in 2016 to €78,047 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MELM
- What is the company number of MELM?
- The company number of MELM is 0632.598.663. The VAT number is the same number with BE in front: BE 0632.598.663.
- Where is MELM based?
- The registered office is at 1 ste Regiment Grenadierslaan 10, 9900 Eeklo.Company details
- What does MELM do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of MELM?
- MELM is a private limited company (BV).
- When was MELM founded?
- MELM was founded on 19-06-2015.
- Is MELM still active?
- Yes, MELM is an active enterprise in the KBO register.
- What is the turnover of MELM?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €78,047 and 40 comparable companies (NACE 461). It probably lies between €170,000 and €1.0m.Financials
- Is MELM profitable?
- In financial year 2025, MELM made a profit of €51,225.
- Where can I find the annual accounts of MELM?
- MELM filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MELM due?
- MELM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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