Can you help to identify these frames, bikes or parts?

If anyone knows much about old Eddy Merckx stuff I’d appreciate a view on this.

I’m pretty sure it’s fake as I can’t find anything remotely similar online.

1. The rear dropouts look orange beneath the green suggesting it’s been painted
   
2. The yellow and pink stickers are the opposite position to all others online
   
3. The front fork appears to be quite relaxed and not like the race geometry on other vintage EM frames
   
4. Also the metal work around the head tube doesn’t seem to match with anything else EM.
   
   

The thing that fascinated me though is that if it is a fake, then getting the real decals is pretty good going. It’s also rusty and well weathered suggesting it was faked a number of years ago.

Maybe it’s just a cheap EM frame set that’s been long forgotten.

Thanks everyone!