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MELSTEP

Active
Public limited companyfounded 200026 yrs activeMolendreef 24, 2390 Malle, BelgiumKBO/BCE: BE 0472.292.505
Summary

MELSTEP has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €306,297 and a net result of -€8,855. Equity is growing by ~12.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability65▼-30
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 2.72 in 2023; short-term debt: 1.5% and cash: 1.9% of total assets), and 1.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
98.5%
Return on assets
-2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2023
40 d early
2022
33 d early
2021
37 d early
2020
11 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 July 2000, MELSTEP was incorporated.1 Total assets went from EUR 305,293 in 2018 to EUR 310,956 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€306,297▼ 2.8%
2023 · €315,152
Total assets
€310,956▼ 12.0%
2023 · €353,201
Net result
-€8,855
2023 · €75,081
Working capital
€17,232▼ 72.6%
2023 · €62,838
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
Line20202021202220232024
Operating result€39,805▲ 74.9%€32,604▼ 18.1%€40,165▲ 23.2%€111,391▲ 177%-€8,213
Net result€22,930▲ 129%€21,356▼ 6.9%€26,904▲ 26.0%€75,081▲ 179%-€8,855
Equity€191,811▲ 13.6%€213,166▲ 11.1%€240,071▲ 12.6%€315,152▲ 31.3%€306,297▼ 2.8%
Total assets€313,123▼ 3.0%€269,608▼ 13.9%€266,022▼ 1.3%€353,201▲ 32.8%€310,956▼ 12.0%
Debt€119,812▼ 21.5%€54,942▼ 54.1%€24,451▼ 55.5%€36,549▲ 49.5%€4,659▼ 87.3%
Working capital-€48,173▲ 59.0%-€49,960▼ 3.7%-€15,165▲ 69.6%€62,838€17,232▼ 72.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2020: €39,805€39,805Net result 2020: €22,930€22,930Operating result 2021: €32,604€32,604Net result 2021: €21,356€21,356Operating result 2022: €40,165€40,165Net result 2022: €26,904€26,904Operating result 2023: €111,391€111,391Net result 2023: €75,081€75,081Operating result 2024: -€8,213-€8,213Net result 2024: -€8,855-€8,85520202021202220232024-€50,000€0€50,000€100,000Operating result 2022: €40,165€40,200Net result 2022: €26,904€26,900Operating result 2023: €111,391€111,000Net result 2023: €75,081€75,100Operating result 2024: -€8,213-€8,210Net result 2024: -€8,855-€8,860202220232024
The operating result turns negative in 2024: a loss of €8,213 after €111,391 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €310,956
Fixed assets €289,080 ▲ 13.9%
Current assets €21,876 ▼ 78.0%
Equity and liabilities €310,956
Equity €306,297 ▼ 2.8%
Provisions €0 ▼ 100%
Debt €4,659 ▼ 87.3%
Debt's share of the balance-sheet total falls from 10.3% to 1.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,889▼
2023 · €122,780
Cash flow
€6,247▼
2023 · €86,470
Current ratio
4.71▲
2023 · 2.72
Debt to equity
0.02▼
2023 · 0.12
ROE
-2.9%▼
2023 · 23.8%
ROA
-2.8%▼
2023 · 21.3%
Interest coverage
18.02▼
2023 · 238.39
Debt ≤ 1 year
€4,644▼
2023 · €36,534
Income taxes
€260▼
2023 · €35,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,304 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€353,201€310,956▼
Fixed assets21/28€253,829€289,080▲
Tangible fixed assets22/27€253,829€289,080▲
Land and buildings22€245,260€281,300▲
Plant, machinery and equipment23€724€482▼
Furniture and vehicles24€7,846€7,298▼
Current assets29/58€99,372€21,876▼
Amounts receivable within one year40/41-€14,740
Other amounts receivable41-€14,740
Cash at bank and in hand54/58€97,162€5,766▼
Deferred charges and accrued income490/1€2,210€1,369▼
Equity and liabilities
Total equity and liabilities10/49€353,201€310,956▼
Equity10/15€315,152€306,297▼
Contributions10/11€65,000€65,000=
Capital10€65,000€65,000=
Issued capital100€65,000€65,000=
Reserves13€250,152€241,297▼
Non-distributable reserves130/1€6,500€6,500=
Legal reserve130€6,500€6,500=
Distributable reserves133€243,652€234,797▼
Provisions and deferred taxes16€1,500-
Provisions for liabilities and charges160/5€1,500-
Other liabilities and charges164/5€1,500-
Amounts payable17/49€36,549€4,659▼
Amounts payable within one year42/48€36,534€4,644▼
Trade debts44€2,509€3,317▲
Suppliers440/4€2,509€3,317▲
Taxes, remuneration and social security45€22,521-
Taxes450/3€22,521-
Other amounts payable47/48€11,503€1,327▼
Accrued charges and deferred income492/3€15€15=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,388€15,102▲
Provisions for liabilities and charges: additions (uses and reversals)635/8--€1,500
Other operating charges640/8€4,031€6,326▲
Gross operating margin9900€126,811€11,715▼
Operating profit (loss)9901€111,391-€8,213▼
Financial charges65/66B€515€382▼
Recurring financial charges65€515€382▼
Profit (loss) for the period before taxes9903€110,876-€8,596▼
Income taxes67/77€35,795€260▼
Profit (loss) for the period9904€75,081-€8,855▼
Profit (loss) for the period to be appropriated9905€75,081-€8,855▼
Appropriation of the result
Profit (loss) to be appropriated9906€75,081-€8,855▼
Transfer from equity791/2-€8,855
Transfer to equity691/2€75,081-
To other reserves6921€75,081-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,752€10,752€10,752€11,388€15,102▲ 32.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€1,500-
Other operating charges640/8-€3,820€3,819€4,031€6,326▲ 56.9%
Gross operating margin9900€54,182€47,176€54,736€126,811€11,715▼ 90.8%
Operating profit (loss)9901€39,805€32,604€40,165€111,391-€8,213▼ 107%
Recurring financial income75€0-----
Financial charges65/66B-€1,340€842€515€382▼ 25.8%
Recurring financial charges65€5,532€1,340€842€515€382▼ 25.8%
Profit (loss) for the period before taxes9903€34,273€31,265€39,323€110,876-€8,596▼ 108%
Income taxes67/77€11,343€9,909€12,419€35,795€260▼ 99.3%
Profit (loss) for the period9904€22,930€21,356€26,904€75,081-€8,855▼ 112%
Profit (loss) for the period to be appropriated9905€22,930€21,356€26,904€75,081-€8,855▼ 112%
Line20202021202220232024Change
Assets
Total assets20/58€313,123€269,608€266,022€353,201€310,956▼ 12.0%
Fixed assets21/28€278,241€267,488€256,736€253,829€289,080▲ 13.9%
Tangible fixed assets22/27€278,241€267,488€256,736€253,829€289,080▲ 13.9%
Land and buildings22-€266,282€255,771€245,260€281,300▲ 14.7%
Plant, machinery and equipment23-€1,206€965€724€482▼ 33.3%
Furniture and vehicles24---€7,846€7,298▼ 7.0%
Current assets29/58€34,882€2,120€9,286€99,372€21,876▼ 78.0%
Amounts receivable within one year40/41€12,000€91€91-€14,740-
Other amounts receivable41-€91€91-€14,740-
Current investments50/53€8€8----
Cash at bank and in hand54/58€22,101€1,204€5,490€97,162€5,766▼ 94.1%
Deferred charges and accrued income490/1-€817€3,705€2,210€1,369▼ 38.0%
Equity and liabilities
Total equity and liabilities10/49€313,123€269,608€266,022€353,201€310,956▼ 12.0%
Equity10/15€191,811€213,166€240,071€315,152€306,297▼ 2.8%
Contributions10/11€65,000€65,000€65,000€65,000€65,000=
Capital10-€65,000€65,000€65,000€65,000=
Issued capital100-€65,000€65,000€65,000€65,000=
Reserves13€126,811€148,166€175,071€250,152€241,297▼ 3.5%
Non-distributable reserves130/1-€6,500€6,500€6,500€6,500=
Legal reserve130-€6,500€6,500€6,500€6,500=
Distributable reserves133-€141,666€168,571€243,652€234,797▼ 3.6%
Profit (loss) carried forward14€45,956-----
Provisions and deferred taxes16€1,500€1,500€1,500€1,500--
Provisions for liabilities and charges160/5-€1,500€1,500€1,500--
Other liabilities and charges164/5-€1,500€1,500€1,500--
Amounts payable17/49€119,812€54,942€24,451€36,549€4,659▼ 87.3%
Amounts payable after more than one year17€36,702€2,847----
Financial debts170/4-€2,847----
Amounts payable within one year42/48€83,055€52,079€24,451€36,534€4,644▼ 87.3%
Current portion of amounts payable after more than one year42-€33,854€2,847---
Trade debts44€1,000€1,239€2,088€2,509€3,317▲ 32.2%
Suppliers440/4-€1,239€2,088€2,509€3,317▲ 32.2%
Taxes, remuneration and social security45-€11,388€2,530€22,521--
Taxes450/3-€11,388€2,530€22,521--
Other amounts payable47/48-€5,598€16,986€11,503€1,327▼ 88.5%
Accrued charges and deferred income492/3-€15-€15€15=
Line20202021202220232024Change
Profit (loss) for the period9904€22,930€21,356€26,904€75,081-€8,855▼ 112%
+ Depreciation and write-downs630€10,752€10,752€10,752€11,388€15,102▲ 32.6%
Operating cash flow (approximation)€33,682€32,108€37,657€86,470€6,247▼ 92.8%
Investment in fixed assets (approximation)-€0€0-€8,482-€50,353▼ 494%
Change in cash--€20,898€4,286€91,672-€91,396▼ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€8,855
Net result drops to -€8,855, the lowest in the series.
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2018net €75,081 ▲179%
Operating result €111,391, net result €75,081, both a record.
31-12
Financial Liquidity times 7current ratio 2.72
Current ratio from 0.38 to 2.72.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Equity above €200,000Eq €213,166 ▲11.1%
4 profitable years in a row build equity to €213,166.
20-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
08-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
04-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 35 days late
2016
25-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Malle · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1,338 m²
Building footprint
298 m²
Volume, LiDAR
1,391 m³
Parcel 11032D0391/02N000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molendreef 24, 2390 Malle
NACE 70201
since 20022.101.510.146
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11032D0391/02N000 Flanders 1,338 m² 1 · 298 m² 7.3 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded05-07-2000
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.