Summary
MELEFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €147.27M and a net result of €3.86M. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 2394 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2394 sector peers (2025).
NBB · sector comparisonPosition among 2394 sector peers
Solvency
better than 23%
← weakest
strongest →
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
34 d early
2023
30 d early
2022
28 d early
2021
34 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€147.27M▲ 2.7%
2024 · €143.41M
2018: €118.02M
2019: €122.67M
2020: €127.61M
2021: €130.28M
2022: €135.53M
2023: €137.96M
2024: €143.41M
2018 → 2025
Net result
€3.86M▼ 29.2%
2024 · €5.45M
2018: €4.31M
2019: €4.65M
2020: €4.94M
2021: €2.68M
2022: €5.25M
2023: €2.43M
2024: €5.45M
2018 → 2025
Total assets
€498.76M▲ 43.5%
2024 · €347.50M
2018: €606.46M
2019: €566.34M
2020: €556.67M
2021: €595.54M
2022: €350.60M
2023: €355.28M
2024: €347.50M
2018 → 2025
Solvency
29.5%▼ 11.7pp
2024 · 41.3%
2018: 19.5%
2019: 21.7%
2020: 22.9%
2021: 21.9%
2022: 38.7%
2023: 38.8%
2024: 41.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€28k
Equity€130.28M-€135.53M▲ 4.0%€137.96M▲ 1.8%€143.41M▲ 4.0%€147.27M▲ 2.7%
Operating result€-206k-€-264k▼ 27.8%€-294k▼ 11.4%€-320k▼ 9.0%€-299k▲ 6.5%
Net result€2.68M-€5.25M▲ 96.0%€2.43M▼ 53.7%€5.45M▲ 125%€3.86M▼ 29.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €299k in 2025 against €320k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €498.76M
Fixed assets
€31k ▼ 34.1%
Current assets
€498.73M ▲ 43.5%
Equity and liabilities €498.76M
Equity
€147.27M ▲ 2.7%
Debt
€351.49M ▲ 72.2%
Debt's share of the balance-sheet total rises from 58.7% to 70.5%. Equity and debt are higher.
Key figures and ratios
ROE
2.6%▼
2024 · 3.8%
ROA
0.8%▼
2024 · 1.6%
Debt ≤ 1 year
€82.78M▲
2024 · €32.19M
Debt > 1 year
€268.00M▲
2024 · €170.27M
Income taxes
€1.36M▼
2024 · €1.94M
Staff costs
€222k▲
2024 · €210k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€347.50M€498.76M▲
Fixed assets21/28€47k€31k▼
Tangible fixed assets22/27€47k€31k▼
Furniture and vehicles24€47k€31k▼
Current assets29/58€347.46M€498.73M▲
Amounts receivable after more than one year29€93.91M-
Other amounts receivable291€93.91M-
Amounts receivable within one year40/41€231.26M€467.68M▲
Other amounts receivable41€231.26M€467.68M▲
Current investments50/53€20k€7k▼
Other investments51/53€20k€7k▼
Cash at bank and in hand54/58€20.06M€27.65M▲
Deferred charges and accrued income490/1€2.20M€3.38M▲
Equity and liabilities
Total equity and liabilities10/49€347.50M€498.76M▲
Equity10/15€143.41M€147.27M▲
Contributions10/11€90.00M€90.00M=
Capital10€90.00M€90.00M=
Issued capital100€90.00M€90.00M=
Reserves13€9.00M€9.00M=
Non-distributable reserves130/1€9.00M€9.00M=
Legal reserve130€9.00M€9.00M=
Profit (loss) carried forward14€44.41M€48.27M▲
Amounts payable17/49€204.09M€351.49M▲
Amounts payable after more than one year17€170.27M€268.00M▲
Financial debts170/4€170.27M€268.00M▲
Credit institutions173€170.27M€268.00M▲
Amounts payable within one year42/48€32.19M€82.78M▲
Current portion of amounts payable after more than one year42€2.70M€10.00M▲
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Taxes, remuneration and social security45€20k€388k▲
Taxes450/3-€367k
Remuneration and social security454/9€20k€21k▲
Other amounts payable47/48€29.45M€72.39M▲
Accrued charges and deferred income492/3€1.64M€705k▼
Income statement
Code20242025
Operating income70/76A€10k€40k▲
Turnover70-€28k
Other operating income74€10k€12k▲
Operating charges60/66A€331k€339k▲
Services and other goods61€83k€81k▼
Remuneration, social security and pensions62€210k€222k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€16k▲
Other operating charges640/8€25k€19k▼
Operating profit (loss)9901€-320k€-299k▲
Financial income75/76B€24.22M€20.36M▼
Recurring financial income75€24.22M€20.36M▼
Income from current assets751€18.61M€13.88M▼
Other financial income752/9€5.60M€6.48M▲
Financial charges65/66B€16.50M€14.84M▼
Recurring financial charges65€16.50M€14.84M▼
Debt charges650€8.79M€7.20M▼
Other financial charges652/9€7.71M€7.64M▼
Profit (loss) for the period before taxes9903€7.40M€5.22M▼
Income taxes67/77€1.94M€1.36M▼
Taxes670/3€1.94M€1.36M▼
Profit (loss) for the period9904€5.45M€3.86M▼
Profit (loss) for the period to be appropriated9905€5.45M€3.86M▼
Appropriation of the result
Profit (loss) to be appropriated9906€44.41M€48.27M▲
Profit (loss) brought forward from the previous period14P€38.96M€44.41M▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (34 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
26-08
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Reappointment: Marc Biron (director)3 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Reappointment: Marc Biron (director)3 facts ▸
- General meeting, 26-06-2026
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Director reappointment, Marc Biron (director)
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €5.45M ▲125%
Net result €5.45M, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €2.43M ▼53.7%
Net result drops to €2.43M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 6.62
Current ratio from 1.64 to 6.62; short-term debt falls from €213.36M to €53.67M.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Marc Biron
CurrentDirector · since 26-06-2026
26-06-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 1 establishment unit since 2006
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.
Transportstraat 13980 Tessenderlo-HamGround area
9,723 m²
Building footprint
2,004 m²
Volume, LiDAR
17,467 m³
Parcel 71363C0098/00M000, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MELEFIN
since 20062.151.195.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0098/00M000 | Flanders | 9,723 m² | 1 · 2,004 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| EY Bedrijfsrevisoren BVCurrent Statutory auditor | 26-06-2026 → present |
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Ieper
controls
MELEFINBE 0878.292.438
Recognitions · licences · registrations
Legal Entity Identifier
549300OLIC8NRWHOGI61
Similar companies · same sector, comparable size
VOLKSWAGEN INTERNATIONAL BELGIUM
BE 0443.615.642
Brussel · Eq €150.00M
Hubstef
BE 0427.053.584
Sint-Martens-Latem · Eq €142.97M
WALLONIE SANTE FINANCES
BE 0705.942.145
Liège · Eq €177.86M
6K venture capital
BE 0809.505.580
Charleroi · Eq €119.84M
NOSHAQ
BE 0426.624.509
Liège · Eq €212.07M
Of 807 companies in sector 64999 we hold annual accounts for 484. 42 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.