MELSTER CONSTRUCT
ActiveSummary
MELSTER CONSTRUCT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+5
Solvency45▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.02 in 2024; short-term debt: 80% and cash: 60% of total assets), and 80% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20%
Return on assets
16.2%
Age of the figures
9 mo
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
36 d early
2023
30 d late
2022
on the day
2021
31 d late
2020
9 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▲ 373%
2024 · €7k
2020: €3k
2021: €-2k
2022: €-15k
2023: €-5k
2024: €7k
2020 → 2025
Total assets
€173k▲ 81.4%
2024 · €95k
2020: €78k
2021: €111k
2022: €100k
2023: €119k
2024: €95k
2020 → 2025
Net result
€28k▲ 136%
2024 · €12k
2020: €-2k
2021: €-5k
2022: €-14k
2023: €11k
2024: €12k
2020 → 2025
Working capital
€20k▲ 1,266%
2024 · €1k
2020: €-5k
2021: €4k
2022: €-17k
2023: €-10k
2024: €1k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-15k▼ 893%€-5k▲ 70.3%€7k€35k▲ 373%
Operating result€-5k-€-13k▼ 170%€12k€14k▲ 18.6%€37k▲ 164%
Net result€-5k-€-14k▼ 188%€11k€12k▲ 9.7%€28k▲ 136%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 164% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€14k ▲ 70.8%
Current assets
€159k ▲ 82.5%
Equity and liabilities €173k
Equity
€35k ▲ 373%
Debt
€139k ▲ 57.3%
Debt's share of the balance-sheet total falls from 92.3% to 80.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €22k
Cash flow
€33k▲
2024 · €20k
Current ratio
1.14▲
2024 · 1.02
Quick ratio
1.12▲
2024 · 0.97
Debt to equity
4.01▼
2024 · 12.06
ROE
81.3%▼
2024 · 162.7%
ROA
16.2%▲
2024 · 12.5%
Interest coverage
127.03▲
2024 · 33.13
Debt ≤ 1 year
€139k▲
2024 · €85k
Income taxes
€10k▲
2024 · €2k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€95k€173k▲
Fixed assets21/28€8k€14k▲
Tangible fixed assets22/27€7k€13k▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€3k€8k▲
Financial fixed assets28€2k€2k=
Current assets29/58€87k€159k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€44k€48k▲
Trade receivables40€23k€26k▲
Other amounts receivable41€20k€22k▲
Cash at bank and in hand54/58€39k€104k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€95k€173k▲
Equity10/15€7k€35k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€2k€30k▲
Amounts payable17/49€88k€139k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€85k€139k▲
Current portion of amounts payable after more than one year42€7k€3k▼
Trade debts44€10k€75k▲
Suppliers440/4€10k€75k▲
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€2k€12k▲
Other amounts payable47/48€67k€49k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-158-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€24k€44k▲
Operating profit (loss)9901€14k€37k▲
Financial income75/76B€153€1k▲
Recurring financial income75€153€1k▲
Financial charges65/66B€672€335▼
Recurring financial charges65€672€335▼
Profit (loss) for the period before taxes9903€14k€38k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€12k€28k▲
Profit (loss) for the period to be appropriated9905€12k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€30k▲
Profit (loss) brought forward from the previous period14P€-10k€2k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €28k ▲136%
Operating result €37k, net result €28k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, 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
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Geetbets · 1 establishment unit since 2019
Ground area
216 m²
Building footprint
133 m²
Volume, LiDAR
814 m³
Parcel 24032A0033/00H000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MELSTER CONSTRUCT
since 20192.296.496.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24032A0033/00H000 | Flanders | 216 m² | 1 · 133 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,781 EUR awarded · 2,045 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,378 EUR | 1,378 EUR |
| 2024 | 1 | 196 EUR | 196 EUR |
| 2023 | 1 | 0 EUR | 264 EUR |
| 2022 | 1 | 207 EUR | 207 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
VINEA
BE 0649.760.834
Waregem · Eq €34,544
BCC IMMO
BE 0788.662.062
Eghezée · Eq €34,566
CASA
BE 0666.843.821
Maasmechelen · Eq €34,581
Maranne
BE 0428.864.912
Lokeren · Eq €34,500
NJ Design
BE 0775.739.385
Schilde · Eq €34,598
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,670 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 formPrivate limited company
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43410Roofing work
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.