Financials
- Financial year
- 2024
- Total assets
- €137,132
- Loss
- -€838
- Solvency
- 14.7%
Total assets▼ 2.1%
Net result
20182024
MELPOMENE
ActiveSummary
The computed 12-month bankruptcy probability of MELPOMENE is 13.1% (high). The 2024 annual accounts show equity of €20,198 and a net result of -€838. Equity is shrinking by about 29% per year across the filed financial years. Its solvency ranks better than 22% of 9,537 sector peers (NACE 47, financial year 2024). The company has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of newspapers and periodicals
NACE 47621
2 sites
Size
€137,132total assets 2024
- Staff
- 1.7 FTE
- Equity
- €20,198
- Loss
- -€838
Turnover not published (abbreviated or micro format)
Structure
- KALYDNADirector · permanent representative PAVIADAKIS Maria
2025 accounts not filed, 88 days past the deadline1 of 3 deeds summarised
Why 29raises risk1 financial year not filed after the legal deadline; last filed accounts filed 377 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 14-08-2026)1 change of registered office in 24 monthsLiquidity: current ratio 1.14Show the evidence
Checked score
Score 2024
29
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 27% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Weak
Solvency
40=
equity 14.7% of total assets
Liquidity
6=
short-term debt 85.3%
Profitability
50+50
return on assets -0.6%
Bankruptcy probability, 12 months
13.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.9%lowest value
12-2024: 7.2%▲ +1.3 percentage points vs 11-2024
01-2025: 11.8%▲ +4.6 percentage points vs 12-2024
02-2025: 11.8%● unchanged vs 01-2025
03-2025: 12.5%▲ +0.7 percentage points vs 02-2025
04-2025: 11.6%▼ -0.9 percentage points vs 03-2025
05-2025: 11.6%● unchanged vs 04-2025
06-2025: 11.6%● unchanged vs 05-2025
07-2025: 11.6%● unchanged vs 06-2025
08-2025: 14.1%▲ +2.5 percentage points vs 07-2025
09-2025: 14.1%● unchanged vs 08-2025
10-2025: 14.1%● unchanged vs 09-2025
11-2025: 14.1%● unchanged vs 10-2025
12-2025: 13.9%▼ -0.2 percentage points vs 11-2025
01-2026: 15.8%▲ +1.9 percentage points vs 12-2025
02-2026: 15.8%● unchanged vs 01-2026
03-2026: 20.7%▲ +4.9 percentage points vs 02-2026
04-2026: 19.4%▼ -1.3 percentage points vs 03-2026
05-2026: 19.4%● unchanged vs 04-2026
06-2026: 19.4%● unchanged vs 05-2026
07-2026: 19.4%● unchanged vs 06-2026
08-2026: 22.3%▲ +2.9 percentage points vs 07-2026highest value
09-2026: 10.1%▼ -12.2 percentage points vs 08-2026
10-2026: 13.1%▲ +3.0 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.14, compared with 1.15 in 2023, below the usual 1.5; short-term debt: 85.3% of total assets), and 85.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 31% on solvency, 8% on liquidity, 37% on profitability and 32% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Eight signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€838
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9537 sector peers (2024).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline27-10-2026 today
raises risk · 2024 accounts filed 377 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2026, 377 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
377 days late
2023
495 days late
2022
190 days late
2021
303 days late
2020
410 days late
2019
312 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 348 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: KALYDNA (manager)Appointment: KALYDNA (director) · Permanent…
Key points
- Positive: Result rose in 2024from -€55,893 to -€838 ▲ 98.5% View
- Caution: Among the weakest 13% on equitysector median €332,679 · 9,539 companies €20,198 View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
- Caution: 2 loss-making years in a rowloss financial year 2024 -€838 View
- New directorlatest change 13-02-2026 · 1 in office 1 joined View
- Active since 1977founded 18-06-1977 49 years View
By topic
Board & ownership
- Board
- 1 member
- KALYDNADirector
Timeline
- Events
- 51
- Since
- 1979
- 08-12-2025Annual accounts filed
- 06-02-2024Annual accounts filed
- 30-05-2023Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Retail sale of newspapers and periodicalsNACE 47621
- Founded
- 18-06-1977
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 38
- Who signs
- Each director alone
- Annual meeting
- First Sunday of May at 15:00
- Purpose
- “Le commerce sous toutes ses formes, n ce compris la représentation, l'importation…” (deed in French)
Key facts about MELPOMENE
- What is the company number of MELPOMENE?
- 0417.277.865. In Belgium the VAT number is the company number with BE in front: BE 0417.277.865.
- Where is MELPOMENE based?
- The registered office is at Stationstraat 135, 7700 Mouscron.Company details
- What does MELPOMENE do?
- According to the KBO register, the main activity is retail sale of newspapers and periodicals (NACE 47621).
- What is the legal form of MELPOMENE?
- Private limited company (BV).
- When was MELPOMENE founded?
- On 18-06-1977.
- Is MELPOMENE still active?
- Yes, MELPOMENE is an active enterprise in the KBO register.
- How many employees does MELPOMENE have?
- On average 1.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MELPOMENE?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is MELPOMENE profitable?
- In financial year 2024, MELPOMENE made a loss of €838.
- Where can I find the annual accounts of MELPOMENE?
- MELPOMENE filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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