MELVENN
ActiveSummary
MELVENN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,876) and a net result of €1,193. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 5% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.22 in 2024; short-term debt: 505.4% and cash: 8.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-405.4%
Return on assets
23.2%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8190 sector peers (2025).
NBB · sector comparisonPosition among 8190 sector peers
Solvency
better than 5%
← 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 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
24 d late
2022
32 d late
2021
31 d late
2020
16 d late
2019
33 d late
← 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 28 days after 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€20,876▲ 5.4%
2024 · -€22,069
Total assets
€5,149▼ 19.5%
2024 · €6,396
Net result
€1,193▼ 70.0%
2024 · €3,978
Working capital
-€24,097▼ 9.2%
2024 · -€22,069
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,243-€7,603▼ 45.0%-€342▲ 95.5%€4,251€1,695▼ 60.1%
Net result-€5,600below the sector's middle half-€7,961below the sector's middle half▼ 42.2%-€519within the sector's middle half▲ 93.5%€3,978within the sector's middle half€1,193within the sector's middle half▼ 70.0%
Equity-€17,567below the sector's middle half▼ 46.8%-€25,529below the sector's middle half▼ 45.3%-€26,047below the sector's middle half▼ 2.0%-€22,069below the sector's middle half▲ 15.3%-€20,876below the sector's middle half▲ 5.4%
Total assets€12,292below the sector's middle half▼ 31.8%€7,991below the sector's middle half▼ 35.0%€4,228below the sector's middle half▼ 47.1%€6,396below the sector's middle half▲ 51.3%€5,149below the sector's middle half▼ 19.5%
Debt€29,860▼ 0.5%€33,520▲ 12.3%€30,275▼ 9.7%€28,466▼ 6.0%€26,025▼ 8.6%
Working capital-€19,275below the sector's middle half▼ 17.3%-€26,648below the sector's middle half▼ 38.3%-€26,579below the sector's middle half▲ 0.3%-€22,069below the sector's middle half▲ 17.0%-€24,097below the sector's middle half▼ 9.2%
Solvency-142.9%below the sector's middle half▼ 76.5pp-319.5%below the sector's middle half▼ 176.5pp-345.0%below the sector's middle half-405.4%below the sector's middle half▼ 60.4pp
Current ratio0.35below the sector's middle half▼ 0.100.21below the sector's middle half▼ 0.150.22below the sector's middle half0.07below the sector's middle half▼ 0.15
Return on assets (ROA)-45.6%below the sector's middle half▼ 72.1pp-99.6%below the sector's middle half▼ 54.1pp62.2%above the sector's middle half23.2%above the sector's middle half▼ 39.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
Assets €5,149
Fixed assets
€3,221
Current assets
€1,928
Key figures and ratios
EBITDA
€3,711
Cash flow
€3,209
Quick ratio
0.06▼
2024 · 0.21
Debt to equity
-1.25▲
2024 · -1.29
Interest coverage
10.28
Debt ≤ 1 year
€26,025▼
2024 · €28,466
Income taxes
€141▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €588 | €588 | €588 | - | €2,016 | - |
| Other operating charges640/8 | - | €348 | €384 | €400 | €400 | = |
| Gross operating margin9900 | -€4,655 | -€6,668 | €630 | €4,651 | €4,110 | ▼ 11.6% |
| Operating profit (loss)9901 | -€5,243 | -€7,603 | -€342 | €4,251 | €1,695 | ▼ 60.1% |
| Financial income75/76B | €0 | €0 | - | €5 | €0 | ▼ 99.8% |
| Recurring financial income75 | €0 | €0 | - | €5 | €0 | ▼ 99.8% |
| Financial charges65/66B | €240 | €239 | €45 | €139 | €361 | ▲ 160% |
| Recurring financial charges65 | €240 | €239 | €45 | €139 | €361 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | -€5,483 | -€7,842 | -€387 | €4,118 | €1,334 | ▼ 67.6% |
| Income taxes67/77 | €117 | €120 | €132 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€5,600 | -€7,961 | -€519 | €3,978 | €1,193 | ▼ 70.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,600 | -€7,961 | -€519 | €3,978 | €1,193 | ▼ 70.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,292 | €7,991 | €4,228 | €6,396 | €5,149 | ▼ 19.5% |
| Fixed assets21/28 | €1,708 | €1,120 | €532 | - | €3,221 | - |
| Tangible fixed assets22/27 | €1,708 | €1,120 | €532 | - | €3,221 | - |
| Furniture and vehicles24 | €1,708 | €1,120 | €532 | - | €3,221 | - |
| Current assets29/58 | €10,585 | €6,872 | €3,697 | €6,396 | €1,928 | ▼ 69.9% |
| Stocks and contracts in progress3 | €102 | €311 | €424 | €486 | €459 | ▼ 5.4% |
| Stocks30/36 | €102 | €311 | €424 | €486 | €459 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €5,425 | €3,920 | €1,502 | €963 | - | - |
| Trade receivables40 | €5,425 | €3,920 | €1,502 | €963 | - | - |
| Cash at bank and in hand54/58 | €4,640 | €1,741 | €649 | €3,228 | €458 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | €418 | €899 | €1,121 | €1,720 | €1,010 | ▼ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,292 | €7,991 | €4,228 | €6,396 | €5,149 | ▼ 19.5% |
| Equity10/15 | -€17,567 | -€25,529 | -€26,047 | -€22,069 | -€20,876 | ▲ 5.4% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Outside capital11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Other1109/19 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,495 | €1,495 | €1,495 | €1,495 | €1,495 | = |
| Non-distributable reserves130/1 | €1,495 | €1,495 | €1,495 | €1,495 | €1,495 | = |
| Reserves not available under the articles1311 | €1,495 | €1,495 | €1,495 | €1,495 | €1,495 | = |
| Profit (loss) carried forward14 | -€38,062 | -€46,024 | -€46,542 | -€42,564 | -€41,371 | ▲ 2.8% |
| Amounts payable17/49 | €29,860 | €33,520 | €30,275 | €28,466 | €26,025 | ▼ 8.6% |
| Amounts payable within one year42/48 | €29,860 | €33,520 | €30,275 | €28,466 | €26,025 | ▼ 8.6% |
| Trade debts44 | €2,612 | €4,221 | €3,757 | €2,782 | €1,668 | ▼ 40.0% |
| Suppliers440/4 | €2,612 | €4,221 | €3,757 | €2,782 | €1,668 | ▼ 40.0% |
| Advances received on contracts in progress46 | €980 | €945 | - | - | - | - |
| Taxes, remuneration and social security45 | €1,923 | €1,422 | €251 | €140 | €280 | ▲ 101% |
| Taxes450/3 | €1,923 | €1,422 | €251 | €140 | €280 | ▲ 101% |
| Other amounts payable47/48 | €24,345 | €26,931 | €26,268 | €25,544 | €24,077 | ▼ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,600 | -€7,961 | -€519 | €3,978 | €1,193 | ▼ 70.0% |
| + Depreciation and write-downs630 | €588 | €588 | €588 | - | €2,016 | - |
| Operating cash flow (approximation) | -€5,012 | -€7,373 | €69 | €3,978 | €3,209 | ▼ 19.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€2,899 | -€1,092 | €2,578 | -€2,769 | ▼ 207% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €3,978
Net result €3,978 after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€7,961
Net result drops to -€7,961, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Back to profitnet €15,528
Net result €15,528 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
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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, Tournai · 1 establishment unit since 1999
Ground area
4,219 m²
Building footprint
164 m²
Parcel 57056B0411/00N002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MELVENN
since 19992.094.832.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57056B0411/00N002 | Wallonia | 4,219 m² | 1 · 164 m² | - |
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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Estinnes
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 6,144 companies in sector 46190 we hold annual accounts for 2,577. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467219009
Also
9925:BE0467219009
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.