MELUNEX
ActiveMELUNEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €686k and a net result of €-137k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 799 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-4
Solvency44▼-3
Growth51▲+1
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.36 in 2024; short-term debt: 30.9% and cash: 7.4% of total assets), and 81.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-137k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
19 d early
2022
66 d early
2021
17 d early
2020
19 d early
2019
3 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.78M▲ 8.5%
2024 · €6.25M
2019: €5.29M
2020: €4.53M
2021: €6.09M
2022: €6.69M
2023: €6.15M
2024: €6.25M
2019 → 2025
EBIT margin
-0.9%▼ 1.0pp
2024 · 0.2%
2019: 5.7%
2020: 1.0%
2021: 7.2%
2022: 2.3%
2023: 1.2%
2024: 0.2%
2019 → 2025
Net result
€-137k▼ 515%
2024 · €-22k
2018: €58k
2019: €173k
2020: €25k
2021: €343k
2022: €110k
2023: €40k
2024: €-22k
2018 → 2025
Working capital
€253k▼ 29.8%
2024 · €360k
2018: €143k
2019: €260k
2020: €294k
2021: €616k
2022: €692k
2023: €189k
2024: €360k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.09M-€6.69M▲ 9.8%€6.15M▼ 8.0%€6.25M▲ 1.6%€6.78M▲ 8.5%
Equity€825k-€835k▲ 1.3%€845k▲ 1.2%€823k▼ 2.6%€686k▼ 16.7%
Operating result€436k-€156k▼ 64.2%€73k▼ 53.5%€10k▼ 86.0%€-59k
Net result€343k-€110k▼ 67.8%€40k▼ 64.1%€-22k€-137k▼ 515%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €59k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.67M
Fixed assets
€2.28M▼ 5.6%
Current assets
€1.38M▲ 2.4%
Equity and liabilities €3.67M
Equity
€686k▼ 16.7%
Debt
€2.98M▲ 1.2%
The debt ratio rises from 78.2% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€426k▲
2024 · €274k
Cash flow
€348k▲
2024 · €242k
Solvency
18.7%▼
2024 · 21.8%
Current ratio
1.22▼
2024 · 1.36
Quick ratio
1.19▼
2024 · 1.33
Debt / equity
4.35▲
2024 · 3.58
ROE
-20.0%▼
2024 · -2.7%
ROA
-3.7%▼
2024 · -0.6%
Interest coverage
5.31▼
2024 · 10.13
Debt
€2.98M▲
2024 · €2.95M
Debt ≤ 1 year
€1.13M▲
2024 · €992k
Debt > 1 year
€1.83M▼
2024 · €1.94M
Income taxes
€856▼
2024 · €9k
Staff costs
€1.43M▲
2024 · €1.37M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.77M€3.67M▼
Fixed assets21/28€2.42M€2.28M▼
Intangible fixed assets21€42k€39k▼
Tangible fixed assets22/27€2.37M€2.24M▼
Land and buildings22€1.84M€1.62M▼
Plant, machinery and equipment23€457k€551k▲
Furniture and vehicles24€72k€72k▲
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€1.35M€1.38M▲
Amounts receivable after more than one year29€95k€44k▼
Other amounts receivable291€95k€44k▼
Stocks and contracts in progress3€33k€37k▲
Stocks30/36€33k€37k▲
Goods purchased for resale34€33k€37k▲
Amounts receivable within one year40/41€891k€945k▲
Trade receivables40€262k€405k▲
Other amounts receivable41€628k€540k▼
Cash at bank and in hand54/58€287k€273k▼
Deferred charges and accrued income490/1€46k€86k▲
Equity and liabilities
Total equity and liabilities10/49€3.77M€3.67M▼
Equity10/15€823k€686k▼
Contributions10/11€19k€19k=
Reserves13€352k€352k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€350k€350k=
Profit (loss) carried forward14€452k€315k▼
Amounts payable17/49€2.95M€2.98M▲
Amounts payable after more than one year17€1.94M€1.83M▼
Financial debts170/4€1.94M€1.83M▼
Credit institutions173€1.94M€1.83M▼
Amounts payable within one year42/48€992k€1.13M▲
Current portion of amounts payable after more than one year42€90k€354k▲
Trade debts44€644k€424k▼
Suppliers440/4€644k€424k▼
Taxes, remuneration and social security45€190k€212k▲
Taxes450/3€1k€37k▲
Remuneration and social security454/9€189k€175k▼
Other amounts payable47/48€68k€142k▲
Accrued charges and deferred income492/3€15k€15k▲
Income statement
Code20242025
Operating income70/76A€6.54M€7.13M▲
Turnover70€6.25M€6.78M▲
Other operating income74€283k€349k▲
Non-recurring operating income76A€0-
Operating charges60/66A€6.53M€7.19M▲
Goods for resale, raw materials and consumables60€1.60M€1.80M▲
Purchases600/8€1.60M€1.80M▲
Change in stocks: decrease (increase)609€-2k€-3k▼
Services and other goods61€3.27M€3.45M▲
Remuneration, social security and pensions62€1.37M€1.43M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€485k▲
Other operating charges640/8€25k€23k▼
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€10k€-59k▼
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Income from current assets751€6k€4k▼
Other financial income752/9€0€0▼
Financial charges65/66B€29k€82k▲
Recurring financial charges65€29k€82k▲
Debt charges650€27k€80k▲
Other financial charges652/9€2k€1k▼
Profit (loss) for the period before taxes9903€-13k€-136k▼
Income taxes67/77€9k€856▼
Taxes670/3€9k€856▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€-22k€-137k▼
Profit (loss) for the period to be appropriated9905€-22k€-137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€452k€315k▼
Profit (loss) brought forward from the previous period14P€475k€452k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908730.231.4▲
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €343k ▲1273%
Operating result €436k, net result €343k, both a record.
31-12
Financial
Equity above €500kEq €825k ▲71.2%
4 profitable years in a row build equity to €825k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Halle · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Melkerijstraat 181500 HalleGround area
3,978 m²
Building footprint
503 m²
Volume, LiDAR
2,310 m³
2 parcels, Flanders · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MC DONALD'S
since 20242.363.700.354
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0502/00F002 | Flanders | 2,886 m² | 1 · 503 m² | 5.4 m · 2 fl. |
| 23413H0102/00S003 | Flanders | 1,092 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMechelen2.363.700.354
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
CMH
BE 0887.646.208
Houthalen-Helchteren · Eq €686k
BAVEV
BE 0735.823.687
Mol · Eq €687k
Buddy Buddy
BE 0700.297.240
Elsene · Eq €687k
Wasbar Belgium
BE 0447.208.503
Antwerpen · Eq €687k
MAÏANO
BE 0678.396.026
Kelmis · Eq €688k
Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 3,619 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2003
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.