Melrox
ActiveSummary
Melrox has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€34,518) and a net result of €17,654. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 2057 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.78 in 2024; short-term debt: 104.5% and cash: 28.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-36.9%
Return on assets
18.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2057 sector peers (2025).
NBB · sector comparisonPosition among 2057 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
49 d late
2022
61 d late
2021
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1,980
EBIT margin
-1201.3%
Net result
€17,654▼ 21.3%
2024 · €22,419
Working capital
-€24,713▼ 47.7%
2024 · -€16,731
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1,980-
Operating result-€23,785--€6,470▲ 72.8%-€27,143▼ 320%€27,195€23,161▼ 14.8%
Net result-€25,190--€7,298▲ 71.0%-€27,814▼ 281%€22,419€17,654▼ 21.3%
EBIT margin-1201.3%-
Equity-€20,190--€27,487▼ 36.1%-€55,301▼ 101%-€32,883▲ 40.5%-€34,518▼ 5.0%
Total assets€14,443-€13,521▼ 6.4%€620▼ 95.4%€57,650▲ 9,200%€93,653▲ 62.5%
Debt€34,632-€41,008▲ 18.4%€55,921▲ 36.4%€90,533▲ 61.9%€128,171▲ 41.6%
Working capital€936--€2,228-€16,731-€24,713▼ 47.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
Assets €93,653
Fixed assets
€20,499
Current assets
€73,154
Key figures and ratios
EBITDA
€34,729▲
2024 · €27,815
Cash flow
€29,222▲
2024 · €23,039
Solvency
-36.9%▲
2024 · -57.0%
Current ratio
0.75▼
2024 · 0.78
Debt to equity
-3.71▼
2024 · -2.75
ROA
18.9%▼
2024 · 38.9%
Interest coverage
55.21▲
2024 · 10.11
Debt ≤ 1 year
€97,867▲
2024 · €74,380
Debt > 1 year
€16,152=
2024 · €16,152
Income taxes
€4,878▲
2024 · €2,153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 2,176 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1,980 | - | - | - | - | - |
| Non-recurring operating income76A | - | €44,860 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €24,495 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,612 | €3,232 | €3,232 | €620 | €11,568 | ▲ 1,766% |
| Other operating charges640/8 | €1,132 | €1,289 | €1,343 | €6,316 | €5,172 | ▼ 18.1% |
| Gross operating margin9900 | -€20,041 | -€1,949 | -€22,568 | €34,131 | €39,901 | ▲ 16.9% |
| Operating profit (loss)9901 | -€23,785 | -€6,470 | -€27,143 | €27,195 | €23,161 | ▼ 14.8% |
| Financial income75/76B | - | - | €0 | €128 | - | - |
| Recurring financial income75 | - | - | €0 | €128 | - | - |
| Financial charges65/66B | €1,207 | €652 | €548 | €2,752 | €629 | ▼ 77.1% |
| Recurring financial charges65 | €1,207 | €652 | €548 | €2,752 | €629 | ▼ 77.1% |
| Profit (loss) for the period before taxes9903 | -€24,992 | -€7,122 | -€27,691 | €24,571 | €22,532 | ▼ 8.3% |
| Income taxes67/77 | €198 | €176 | €123 | €2,153 | €4,878 | ▲ 127% |
| Profit (loss) for the period9904 | -€25,190 | -€7,298 | -€27,814 | €22,419 | €17,654 | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | -€25,190 | -€7,298 | -€27,814 | €22,419 | €17,654 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,443 | €13,521 | €620 | €57,650 | €93,653 | ▲ 62.5% |
| Fixed assets21/28 | €7,084 | €3,852 | €620 | - | €20,499 | - |
| Tangible fixed assets22/27 | €7,084 | €3,852 | €620 | - | €20,499 | - |
| Furniture and vehicles24 | €7,084 | €3,852 | €620 | - | €20,499 | - |
| Current assets29/58 | €7,358 | €9,669 | - | €57,650 | €73,154 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €356 | - | - | €52,571 | €46,082 | ▼ 12.3% |
| Trade receivables40 | €356 | - | - | €15,445 | €38,460 | ▲ 149% |
| Other amounts receivable41 | - | - | - | €37,127 | €7,622 | ▼ 79.5% |
| Cash at bank and in hand54/58 | €5,300 | €9,669 | - | €5,078 | €27,072 | ▲ 433% |
| Deferred charges and accrued income490/1 | €1,702 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,443 | €13,521 | €620 | €57,650 | €93,653 | ▲ 62.5% |
| Equity10/15 | -€20,190 | -€27,487 | -€55,301 | -€32,883 | -€34,518 | ▼ 5.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | €22,419 | - | - |
| Distributable reserves133 | - | - | - | €22,419 | - | - |
| Profit (loss) carried forward14 | -€25,190 | -€32,487 | -€60,301 | -€60,301 | -€39,518 | ▲ 34.5% |
| Amounts payable17/49 | €34,632 | €41,008 | €55,921 | €90,533 | €128,171 | ▲ 41.6% |
| Amounts payable after more than one year17 | €18,354 | €11,838 | €5,205 | €16,152 | €16,152 | = |
| Financial debts170/4 | €18,354 | €11,838 | €5,205 | €16,152 | €16,152 | = |
| Amounts payable within one year42/48 | €6,423 | €11,897 | €50,717 | €74,380 | €97,867 | ▲ 31.6% |
| Current portion of amounts payable after more than one year42 | €6,403 | €5,189 | €3,992 | €6,868 | €2,196 | ▼ 68.0% |
| Financial debts43 | - | - | €2,178 | - | - | - |
| Credit institutions430/8 | - | - | €2,178 | - | - | - |
| Trade debts44 | - | - | €8,875 | €44,901 | €837 | ▼ 98.1% |
| Suppliers440/4 | - | - | €1,832 | - | €837 | - |
| Bills of exchange payable441 | - | - | €7,043 | €44,901 | - | - |
| Taxes, remuneration and social security45 | €20 | €6,708 | €30,829 | €22,611 | €10,548 | ▼ 53.4% |
| Taxes450/3 | €20 | €6,708 | €19,715 | €17,978 | €10,548 | ▼ 41.3% |
| Remuneration and social security454/9 | - | - | €11,114 | €4,633 | - | - |
| Other amounts payable47/48 | - | - | €4,842 | - | €84,286 | - |
| Accrued charges and deferred income492/3 | €9,855 | €17,273 | - | - | €14,152 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,190 | -€7,298 | -€27,814 | €22,419 | €17,654 | ▼ 21.3% |
| + Depreciation and write-downs630 | €2,612 | €3,232 | €3,232 | €620 | €11,568 | ▲ 1,766% |
| Operating cash flow (approximation) | -€22,578 | -€4,066 | -€24,582 | €23,039 | €29,222 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €4,369 | - | - | €21,994 | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €22,419
Net result €22,419 after 3 loss-making years.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Weakest financial yearnet -€27,814
Net result drops to -€27,814, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Londerzeel · 1 establishment unit since 2020
Ground area
1,060 m²
Building footprint
185 m²
Volume, LiDAR
703 m³
Parcel 23045B0054/00E000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Melrox
since 20202.310.370.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045B0054/00E000 | Flanders | 1,060 m² | 1 · 185 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
68321Property management for co-owned buildings (syndics)
73300Public relations and communication consultancy
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759572158
Also
9925:BE0759572158
Registered
05-11-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.