Summary
MEMALEC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €679,662 and a net result of €49,942. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024 · tick = 2023
Profitability68▼-3
Solvency63▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · 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 2024Solvency, return and age of the figures
Solvency
38.3%
Return on assets
2.8%
Age of the figures
27 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
22 d early
2023
44 d early
2022
on the day
2021
10 d early
2020
5 d early
2019
on the day
← 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€679,662▲ 7.9%
2023 · €629,720
Total assets
€1.8m▲ 3.8%
2023 · €1.7m
Net result
€49,942▲ 101%
2023 · €24,873
Working capital
€113,805▲ 95.9%
2023 · €58,108
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€70,030▼ 62.3%€47,854▼ 31.7%€198,024▲ 314%€51,604▼ 73.9%€102,174▲ 98.0%
Net result€40,446within the sector's middle half▼ 64.9%€118,876above the sector's middle half▲ 194%€196,389above the sector's middle half▲ 65.2%€24,873within the sector's middle half▼ 87.3%€49,942within the sector's middle half▲ 101%
Equity€289,581above the sector's middle half▲ 16.2%€408,458above the sector's middle half▲ 41.1%€604,847above the sector's middle half▲ 48.1%€629,720above the sector's middle half▲ 4.1%€679,662above the sector's middle half▲ 7.9%
Total assets€967,408above the sector's middle half▼ 2.4%€1.6mabove the sector's middle half▲ 63.0%€1.5mabove the sector's middle half▼ 6.7%€1.7mabove the sector's middle half▲ 16.1%€1.8mabove the sector's middle half▲ 3.8%
Debt€597,188▼ 9.7%€1.1m▲ 92.2%€846,785▼ 26.2%€1.1m▲ 25.2%€1.1m▲ 1.5%
Working capital€85,343within the sector's middle half▼ 78.0%-€220,947below the sector's middle half€75,408within the sector's middle half€58,108within the sector's middle half▼ 22.9%€113,805within the sector's middle half▲ 95.9%
Solvency29.9%within the sector's middle half▲ 4.8pp25.9%within the sector's middle half▼ 4.0pp41.1%within the sector's middle half▲ 15.2pp36.9%within the sector's middle half▼ 4.3pp38.3%within the sector's middle half▲ 1.5pp
Current ratio2.10within the sector's middle half▼ 3.100.43below the sector's middle half▼ 1.671.49within the sector's middle half▲ 1.061.13within the sector's middle half▼ 0.361.23within the sector's middle half▲ 0.09
Return on assets (ROA)4.2%within the sector's middle half▼ 7.4pp7.5%within the sector's middle half▲ 3.4pp13.3%within the sector's middle half▲ 5.8pp1.5%below the sector's middle half▼ 11.9pp2.8%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2024; 2024 is 98% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.2m ▼ 4.9%
Current assets
€613,745 ▲ 25.5%
Equity and liabilities €1.8m
Equity
€679,662 ▲ 7.9%
Provisions
€17,620 ▼ 5.7%
Debt
€1.1m ▲ 1.5%
Debt's share of the balance-sheet total falls from 62.1% to 60.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166,530▲
2023 · €119,733
Cash flow
€114,298▲
2023 · €93,002
Quick ratio
0.11▼
2023 · 0.13
Debt to equity
1.58▼
2023 · 1.68
ROE
7.3%▲
2023 · 3.9%
Interest coverage
5.45▼
2023 · 7.30
Debt ≤ 1 year
€499,939▲
2023 · €431,082
Debt > 1 year
€573,857▼
2023 · €628,133
Income taxes
€22,761▲
2023 · €12,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,517 | €32,004 | €65,715 | €68,129 | €64,356 | ▼ 5.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0 | - | - | - |
| Other operating charges640/8 | - | - | €2,639 | €9,293 | €2,151 | ▼ 76.9% |
| Gross operating margin9900 | €118,147 | €499 | €266,378 | €129,026 | €168,681 | ▲ 30.7% |
| Operating profit (loss)9901 | €70,030 | €47,854 | €198,024 | €51,604 | €102,174 | ▲ 98.0% |
| Financial income75/76B | - | - | €86,172 | €1,174 | €11 | ▼ 99.1% |
| Recurring financial income75 | €538 | €1,008 | €1,373 | €1,174 | €11 | ▼ 99.1% |
| Non-recurring financial income76B | - | - | €84,799 | €0 | - | - |
| Financial charges65/66B | - | - | €17,579 | €16,402 | €30,555 | ▲ 86.3% |
| Recurring financial charges65 | €13,676 | €18,884 | €17,579 | €16,402 | €30,555 | ▲ 86.3% |
| Profit (loss) for the period before taxes9903 | €56,892 | €152,047 | €266,617 | €36,376 | €71,630 | ▲ 96.9% |
| Transfer from deferred taxes780 | - | - | €1,073 | €1,073 | €1,073 | = |
| Transfer to deferred taxes680 | - | - | €0 | - | - | - |
| Income taxes67/77 | €16,446 | €12,330 | €71,301 | €12,576 | €22,761 | ▲ 81.0% |
| Profit (loss) for the period9904 | €40,446 | €118,876 | €196,389 | €24,873 | €49,942 | ▲ 101% |
| Transfer from tax-exempt reserves789 | - | - | €4,293 | €4,293 | €4,293 | = |
| Transfer to tax-exempt reserves689 | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €40,446 | €35,517 | €200,682 | €29,167 | €54,235 | ▲ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967,408 | €1.6m | €1.5m | €1.7m | €1.8m | ▲ 3.8% |
| Fixed assets21/28 | €804,487 | €1.4m | €1.2m | €1.2m | €1.2m | ▼ 4.9% |
| Tangible fixed assets22/27 | €804,387 | €1.4m | €1.2m | €1.2m | €1.2m | ▼ 4.9% |
| Land and buildings22 | - | - | €985,911 | €979,975 | €941,675 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | - | €240,905 | €227,672 | €209,516 | ▼ 8.0% |
| Furniture and vehicles24 | - | - | €15,619 | €11,792 | €7,965 | ▼ 32.5% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €225 | ▲ 125% |
| Current assets29/58 | €162,921 | €169,763 | €228,864 | €489,189 | €613,745 | ▲ 25.5% |
| Amounts receivable after more than one year29 | - | - | €53,514 | €19,962 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €53,514 | €19,962 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | €432,978 | €559,989 | ▲ 29.3% |
| Stocks30/36 | - | - | - | €432,978 | €559,989 | ▲ 29.3% |
| Amounts receivable within one year40/41 | €13,526 | €28,931 | €25,241 | €16,310 | €34,396 | ▲ 111% |
| Trade receivables40 | - | - | €25,241 | €16,310 | €34,396 | ▲ 111% |
| Current investments50/53 | €1,016 | €2,016 | €2,016 | €2,016 | €2,019 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €147,708 | €98,459 | €144,547 | €14,652 | €16,640 | ▲ 13.6% |
| Deferred charges and accrued income490/1 | - | - | €3,547 | €3,272 | €700 | ▼ 78.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967,408 | €1.6m | €1.5m | €1.7m | €1.8m | ▲ 3.8% |
| Equity10/15 | €289,581 | €408,458 | €604,847 | €629,720 | €679,662 | ▲ 7.9% |
| Contributions10/11 | €0 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €277,181 | €396,058 | €592,447 | €617,320 | €667,262 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | - | €79,066 | €74,773 | €70,480 | ▼ 5.7% |
| Distributable reserves133 | - | - | €511,526 | €540,692 | €594,927 | ▲ 10.0% |
| Provisions and deferred taxes16 | €80,639 | €20,840 | €19,767 | €18,693 | €17,620 | ▼ 5.7% |
| Deferred taxes168 | - | - | €19,767 | €18,693 | €17,620 | ▼ 5.7% |
| Amounts payable17/49 | €597,188 | €1.1m | €846,785 | €1.1m | €1.1m | ▲ 1.5% |
| Amounts payable after more than one year17 | €519,610 | €756,999 | €692,779 | €628,133 | €573,857 | ▼ 8.6% |
| Financial debts170/4 | - | - | €692,779 | €628,133 | €573,857 | ▼ 8.6% |
| Amounts payable within one year42/48 | €77,578 | €390,710 | €153,456 | €431,082 | €499,939 | ▲ 16.0% |
| Current portion of amounts payable after more than one year42 | - | - | €64,220 | €64,646 | €82,445 | ▲ 27.5% |
| Financial debts43 | - | - | €0 | €296,807 | €323,000 | ▲ 8.8% |
| Credit institutions430/8 | - | - | €0 | €296,807 | €323,000 | ▲ 8.8% |
| Trade debts44 | €544 | €9,991 | €6,111 | €17,698 | €129 | ▼ 99.3% |
| Suppliers440/4 | - | - | €6,111 | €17,698 | €129 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | - | €55,443 | €22,330 | €40,441 | ▲ 81.1% |
| Taxes450/3 | - | - | €55,443 | €22,330 | €40,441 | ▲ 81.1% |
| Other amounts payable47/48 | - | - | €27,682 | €29,601 | €53,924 | ▲ 82.2% |
| Accrued charges and deferred income492/3 | - | - | €550 | €1,100 | €2,047 | ▲ 86.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,446 | €118,876 | €196,389 | €24,873 | €49,942 | ▲ 101% |
| + Depreciation and write-downs630 | €47,517 | €32,004 | €65,715 | €68,129 | €64,356 | ▼ 5.5% |
| Operating cash flow (approximation) | €87,963 | €150,880 | €262,104 | €93,002 | €114,298 | ▲ 22.9% |
| Investment in fixed assets (approximation) | - | -€634,760 | €98,994 | -€45,133 | -€4,198 | ▲ 90.7% |
| Change in cash | - | -€49,249 | €46,088 | -€129,895 | €1,989 | ▲ 102% |
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
2026
30-06
State Gazette act
General meeting · Other statement
Share class · Statutes amendment
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €24,873 ▼87.3%
Net result drops to €24,873, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €196,389 ▲65.2%
Operating result €198,024, net result €196,389, both a record.
30-06
Financial
Liquidity triplescurrent ratio 1.49
Current ratio from 0.43 to 1.49; short-term debt falls from €390,710 to €153,456.
30-06
Financial
Equity above €500,000Eq €604,847 ▲48.1%
4 profitable years in a row build equity to €604,847.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Watermaal-Bosvoorde · 1 establishment unit since 2012
Ground area
382 m²
Building footprint
89 m²
Volume, LiDAR
682 m³
Parcel 21652E0747/00X003, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MEMALEC
since 20122.214.630.061
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0747/00X003 | Brussels | 382 m² | 1 · 89 m² | 13.0 m · 3 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 31,875 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
Founded12-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849561137
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.