Equity
-€5,678
Debts exceed assets in financial year 2024.
MELWORX
Lifetime
8 annual accounts with figures on one time axispeak €67,242 (2022)
€24,306▲ 20.0%
lowest -€40,438 (2023)
-€26,278▲ €14,160
peak €61,037 (2022)
-€5,678▼ €26,278
€577,141▼ 1.2%
Board1 name since 2016
1 directorDE PEUTER Mel
Documentsfilings and deeds
14-10-202575 days late
2024micro format
Gross margin from €20,248 to €24,306Loss of €26,278Equity from €20,599 to -€5,678Cash from €6,500 to €19,754
Key points
from the 2024 annual accountsLosses
-€66,716 in two years
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
Turnover
≈ €340,000 estimated
The micro format states no turnover.
Debts
€577,141 101% of the balance sheet
Financial debts 92%Suppliers 5%Taxes and wages 2%Other 1%
Of this, €45,899 falls due within a year.
Filings
8 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€26,278
Lower net result than 95% of companies in specialised construction. Sector median €9,467 · 35,926 companies.
Checked score
47
Fair
Financially stronger than 19% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%lowest value
01-2025: 1.7%● unchanged vs 12-2024lowest value
02-2025: 1.7%● unchanged vs 01-2025lowest value
03-2025: 1.7%● unchanged vs 02-2025lowest value
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.3 percentage points vs 04-2025
06-2025: 2.2%▲ +0.1 percentage points vs 05-2025
07-2025: 2.4%▲ +0.2 percentage points vs 06-2025
08-2025: 3.3%▲ +0.9 percentage points vs 07-2025
09-2025: 4.2%▲ +0.9 percentage points vs 08-2025
10-2025: 7.1%▲ +2.9 percentage points vs 09-2025highest value
11-2025: 3.3%▼ -3.8 percentage points vs 10-2025
12-2025: 3.2%▼ -0.1 percentage points vs 11-2025
01-2026: 1.7%▼ -1.5 percentage points vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.3%▲ +0.4 percentage points vs 07-2026
09-2026: 2.6%▲ +0.3 percentage points vs 08-2026
10-2026: 3.8%▲ +1.2 percentage points vs 09-2026
11-2026: 3.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 16-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 75 days late; 1 of the last 3 accounts late
Negative equity -€5,678
lowers risk
Size: total assets €571,463
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 8% of them on solvency, 50% on liquidity, 15% on profitability and 3% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as MELWORX has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MELWORX itself is higher: 3.8% within 12 months. It rests on far more data about MELWORX than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,216 companies, not a prediction for MELWORX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.2 (0.98 in 2023), below the usual 1.5. Short-term debt is 8% and cash 3.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€5,678
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 8 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
75 days late
2023
1 day early
2022
on the day
2021
16 days early
2020
44 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average on the deadline day. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered office moved from Lier to Beerzel
New registered office: Jan de Cordesstraat 81, 2580 Beerzel (Putte) · Previous registered office: Zeebruggestraat 46 te 2500 Lier · Board meeting of 06-10-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0656742953
Registered office moved from Kampenhout to Lier
New registered office: Zeebruggestraat 46 te 2500 Lier · Previous registered office: Vekestraat 44 te 1910 Kampenhout · Board meeting of 27-02-2020 · Gazette deed
Incorporation
published on 29-06-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MELWORX Putte | €571,463 | €24,306 | -1.0% | - |
| Van Och Installatietechnieken Antwerp | €494,714 | €28,594 | 54.4% | - |
| Ben Kahn Projects Geel | €638,304 | €24,957 | 64.4% | - |
| DURR REFRIGERATION Aiseau-Presles | €595,579 | €31,220 | 90.6% | - |
| THQ Chauffage Sombreffe | €467,424 | €32,806 | 58.9% | - |
| RIGOLE Gavere | €419,151 | €26,039 | 12.0% | - |
| G&S cooling and heating solutions Ham | €577,143 | €17,179 | 43.3% | - |
These companies have the same main activity as MELWORX: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €419,000 and €638,000, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 17-06-2016Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.255.158.6412580 Putte, since 17-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Insights on MELWORX
MELWORX files the micro format. That format states no turnover. The gross margin fell from €25,480 in 2017 to €24,306 in 2024.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MELWORX
- What is the company number of MELWORX?
- The company number of MELWORX is 0656.742.953. The VAT number is the same number with BE in front: BE 0656.742.953.
- Where is MELWORX based?
- The registered office is at Jan De Cordesstr. 81, 2580 Putte.Company details
- What does MELWORX do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of MELWORX?
- MELWORX is a private limited company (pre-2019) (BVBA).
- When was MELWORX founded?
- MELWORX was founded on 17-06-2016.
- Is MELWORX still active?
- Yes, MELWORX is an active enterprise in the KBO register.
- What is the turnover of MELWORX?
- The turnover in financial year 2024 is ≈ €340,000. This figure is estimated from the gross margin of €24,306 and 31 comparable companies (NACE 43222). It probably lies between €230,000 and €470,000. It is a rough estimate.Financials
- Is MELWORX profitable?
- In financial year 2024, MELWORX made a loss of €26,278.
- Where can I find the annual accounts of MELWORX?
- MELWORX filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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