Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
MELWORX from Putte, company number BE0656742953, closed financial year 2024 with a result of € -26,278 after tax. For that financial year MELWORX recorded a gross margin of € 24,306 and equity of € -5,678. Compared with financial year 2023, the result moved from € -40,438 to € -26,278. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2025.
€ -5,678
▼ € 26,278 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,278
▲ 35 % less loss than in 2023
Profit after tax over the fiscal year.
€ 19,754
▲ 204% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11,878.
People and assets in 2024
€ 45,781
▼ 30% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 538,229
▼ 2% vs 2023
€ 6,987 is repaid this year. At this pace the long-term loan is gone in ≈ 77 years.
€ 27,704
▼ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 11,208
▲ 111% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 14,575 | € 67,242 | € 20,248 | € 24,306 | ▲ 20% |
| Profit after taxes | € 2,412 | € 34,660 | € -40,438 | € -26,278 | ▲ € 14,160 |
| Equity | € 26,377 | € 61,037 | € 20,599 | € -5,678 | ▼ € 26,278 |
| Total debts | € 79,069 | € 198,865 | € 584,250 | € 577,141 | ▼ 1% |
| Cash | € 23,412 | € 68,458 | € 6,500 | € 19,754 | ▲ 204% |
| Land & buildings | € 1,610 | € 1,184 | € 436,529 | € 463,833 | ▲ 6% |
| Retained profit | € 20,177 | € 54,837 | € 14,399 | € -11,878 | ▼ € 26,278 |
| Bank debt | € 64,278 | € 145,192 | € 549,199 | € 538,229 | ▼ 2% |
| Balance sheet total | € 105,446 | € 259,902 | € 604,849 | € 571,463 | ▼ 6% |
Key figures of MELWORX, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MELWORX?
What happened at MELWORX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 26,278. filed late Source: NBB ↗
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,412 profit in 2021 to € 26,278 loss in 2024.
Paid € 17,181 in corporate taxes since 2021.
Best year ever: 2022, with € 34,660 profit.
Management
Behind MELWORX is Mel DE PEUTER. Mel DE PEUTER is also behind RAESBORRE.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Jan De Cordesstr. 81
2580 Putte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0656.742.953
- VAT number
- BE 0656.742.953
- Registered office
- Jan De Cordesstr. 81, 2580 Putte
- Names & denominations
- MELWORX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 2016
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Algemene elektrotechnische installatiewerken