Melstech
ActiveSummary
Melstech has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €102,071 and a net result of €48,478. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 52% of 1632 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98=
Solvency74▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.75 in 2023; short-term debt: 37.9% and cash: 45% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
36 d early
2022
27 d early
2021
23 d early
2020
31 d early
2019
15 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€102,071▼ 3.1%
2023 · €105,311
Total assets
€209,086▼ 11.7%
2023 · €236,711
Net result
€48,478▼ 13.4%
2023 · €55,964
Working capital
€57,952▼ 10.9%
2023 · €65,041
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line20202021202220232024
Operating result€27,307▼ 46.7%€60,292▲ 121%€82,972▲ 37.6%€71,674▼ 13.6%€63,569▼ 11.3%
Net result€20,798within the sector's middle half▼ 42.5%€50,253above the sector's middle half▲ 142%€65,019above the sector's middle half▲ 29.4%€55,964above the sector's middle half▼ 13.9%€48,478above the sector's middle half▼ 13.4%
Equity€94,499within the sector's middle half▼ 5.9%€94,752within the sector's middle half▲ 0.3%€99,347within the sector's middle half▲ 4.8%€105,311within the sector's middle half▲ 6.0%€102,071within the sector's middle half▼ 3.1%
Total assets€125,640within the sector's middle half▼ 1.7%€220,172within the sector's middle half▲ 75.2%€233,276within the sector's middle half▲ 6.0%€236,711within the sector's middle half▲ 1.5%€209,086within the sector's middle half▼ 11.7%
Debt€31,141▲ 13.8%€125,421▲ 303%€133,929▲ 6.8%€131,401▼ 1.9%€107,015▼ 18.6%
Working capital€81,964above the sector's middle half▲ 2.2%€62,799within the sector's middle half▼ 23.4%€65,833within the sector's middle half▲ 4.8%€65,041within the sector's middle half▼ 1.2%€57,952within the sector's middle half▼ 10.9%
Solvency75.2%above the sector's middle half▼ 3.4pp43.0%within the sector's middle half▼ 32.2pp42.6%within the sector's middle half▼ 0.4pp44.5%within the sector's middle half▲ 1.9pp48.8%within the sector's middle half▲ 4.3pp
Current ratio4.08above the sector's middle half▼ 1.221.80within the sector's middle half▼ 2.281.66within the sector's middle half▼ 0.141.75within the sector's middle half▲ 0.091.73within the sector's middle half▼ 0.02
Return on assets (ROA)16.6%within the sector's middle half▼ 11.8pp22.8%above the sector's middle half▲ 6.3pp27.9%above the sector's middle half▲ 5.0pp23.6%above the sector's middle half▼ 4.2pp23.2%above the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209,086
Fixed assets
€71,809 ▼ 15.1%
Current assets
€137,278 ▼ 9.8%
Equity and liabilities €209,086
Equity
€102,071 ▼ 3.1%
Debt
€107,015 ▼ 18.6%
Debt's share of the balance-sheet total falls from 55.5% to 51.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€89,593▼
2023 · €93,786
Cash flow
€74,503▼
2023 · €78,075
Debt to equity
1.05▼
2023 · 1.25
ROE
47.5%▼
2023 · 53.1%
Interest coverage
37.30▼
2023 · 65.62
Debt ≤ 1 year
€79,326▼
2023 · €87,084
Debt > 1 year
€26,436▼
2023 · €43,064
Income taxes
€13,067▼
2023 · €14,419
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,892 | €6,505 | €20,566 | €22,111 | €26,025 | ▲ 17.7% |
| Other operating charges640/8 | - | €627 | €600 | €729 | €691 | ▼ 5.3% |
| Gross operating margin9900 | €39,863 | €67,424 | €104,137 | €94,515 | €90,284 | ▼ 4.5% |
| Operating profit (loss)9901 | €27,307 | €60,292 | €82,972 | €71,674 | €63,569 | ▼ 11.3% |
| Financial income75/76B | - | €166 | €198 | €137 | €379 | ▲ 176% |
| Recurring financial income75 | €112 | €166 | €198 | €137 | €379 | ▲ 176% |
| Financial charges65/66B | - | €668 | €906 | €1,429 | €2,402 | ▲ 68.1% |
| Recurring financial charges65 | €559 | €668 | €906 | €1,429 | €2,402 | ▲ 68.1% |
| Profit (loss) for the period before taxes9903 | €26,860 | €59,789 | €82,263 | €70,382 | €61,545 | ▼ 12.6% |
| Income taxes67/77 | €6,062 | €9,536 | €17,245 | €14,419 | €13,067 | ▼ 9.4% |
| Profit (loss) for the period9904 | €20,798 | €50,253 | €65,019 | €55,964 | €48,478 | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €20,798 | €50,253 | €65,019 | €55,964 | €48,478 | ▼ 13.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,640 | €220,172 | €233,276 | €236,711 | €209,086 | ▼ 11.7% |
| Fixed assets21/28 | €17,080 | €79,177 | €67,446 | €84,586 | €71,809 | ▼ 15.1% |
| Intangible fixed assets21 | - | - | - | €4,951 | €3,848 | ▼ 22.3% |
| Tangible fixed assets22/27 | €17,080 | €79,177 | €67,446 | €79,636 | €67,960 | ▼ 14.7% |
| Land and buildings22 | - | €12,812 | €13,609 | €10,175 | €7,766 | ▼ 23.7% |
| Plant, machinery and equipment23 | - | €66,365 | €53,836 | €39,585 | €31,603 | ▼ 20.2% |
| Furniture and vehicles24 | - | - | - | - | €5,464 | - |
| Leasing and similar rights25 | - | - | - | €29,876 | €23,128 | ▼ 22.6% |
| Current assets29/58 | €108,561 | €140,995 | €165,830 | €152,125 | €137,278 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €47,591 | €50,855 | €62,143 | €91,653 | €40,060 | ▼ 56.3% |
| Trade receivables40 | - | €47,917 | €60,031 | €88,232 | €38,024 | ▼ 56.9% |
| Other amounts receivable41 | - | €2,938 | €2,113 | €3,421 | €2,036 | ▼ 40.5% |
| Cash at bank and in hand54/58 | €59,504 | €87,836 | €101,632 | €58,757 | €94,044 | ▲ 60.1% |
| Deferred charges and accrued income490/1 | - | €2,304 | €2,055 | €1,715 | €3,174 | ▲ 85.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,640 | €220,172 | €233,276 | €236,711 | €209,086 | ▼ 11.7% |
| Equity10/15 | €94,499 | €94,752 | €99,347 | €105,311 | €102,071 | ▼ 3.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,899 | €76,152 | €80,747 | €86,711 | €83,471 | ▼ 3.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €74,292 | €78,887 | €86,711 | €83,471 | ▼ 3.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €31,141 | €125,421 | €133,929 | €131,401 | €107,015 | ▼ 18.6% |
| Amounts payable after more than one year17 | €4,334 | €46,219 | €33,033 | €43,064 | €26,436 | ▼ 38.6% |
| Financial debts170/4 | - | €46,219 | €33,033 | €43,064 | €26,436 | ▼ 38.6% |
| Amounts payable within one year42/48 | €26,597 | €78,196 | €99,997 | €87,084 | €79,326 | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €13,206 | €13,186 | €16,171 | €16,628 | ▲ 2.8% |
| Trade debts44 | €5,774 | €6,369 | €10,325 | €8,189 | €7,031 | ▼ 14.1% |
| Suppliers440/4 | - | €6,369 | €10,325 | €8,189 | €7,031 | ▼ 14.1% |
| Taxes, remuneration and social security45 | - | €7,251 | €16,063 | €12,723 | €2,204 | ▼ 82.7% |
| Taxes450/3 | - | €7,251 | €16,063 | €12,723 | €2,204 | ▼ 82.7% |
| Other amounts payable47/48 | - | €51,370 | €60,424 | €50,000 | €53,463 | ▲ 6.9% |
| Accrued charges and deferred income492/3 | - | €1,005 | €899 | €1,253 | €1,253 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,798 | €50,253 | €65,019 | €55,964 | €48,478 | ▼ 13.4% |
| + Depreciation and write-downs630 | €11,892 | €6,505 | €20,566 | €22,111 | €26,025 | ▲ 17.7% |
| Operating cash flow (approximation) | €32,689 | €56,758 | €85,584 | €78,075 | €74,503 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€68,603 | -€8,835 | -€39,252 | -€13,247 | ▲ 66.3% |
| Change in cash | - | €28,333 | €13,796 | -€42,875 | €35,287 | ▲ 182% |
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
17-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 13-04-2026
- Registered-office move, Waasmunsterbaan 13,9160 Lokeren
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €105,311 ▲6%
6 profitable years in a row build equity to €105,311.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €65,019 ▲29.4%
Operating result €82,972, net result €65,019, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €20,798 ▼42.5%
Net result drops to €20,798, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.30
Current ratio from 2.30 to 5.30; short-term debt falls from €34,231 to €18,626.
Show earlier events
31-12
Financial
Equity above €100,000Eq €100,396 ▲56.4%
2 profitable years in a row build equity to €100,396.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2015
Ground area
2,023 m²
Building footprint
248 m²
Volume, LiDAR
1,257 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lepelhoekstraat 65, 9100 Sint-Niklaas
since 20152.248.237.690
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1371/00L000 | Flanders | 1,771 m² | 1 · 170 m² | 7.9 m · 2 fl. |
| 46446B0310/00S003 | Flanders | 252 m² | 1 · 79 m² | 9.4 m · 2 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 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643984879
Also
9925:BE0643984879
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.