A. DE MERODE
ActiveSummary
A. DE MERODE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,988 and a net result of -€29,637. Equity is growing by ~73.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency79=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.71 in 2024; short-term debt: 45.8% and cash: 12.2% of total assets), and 45.8% of the assets are financed with debt.
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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 →
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
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 2025Solvency, return and age of the figures
Solvency
54.2%
Return on assets
-19.6%
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 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
51 d early
2023
211 d late
2022
121 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 68 days after 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 (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. Usually files around 31 August (4 of the last 5 filed years within 90 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€81,988▼ 26.6%
2024 · €111,625
Total assets
€151,237▼ 27.1%
2024 · €207,362
Net result
-€29,637
2024 · €1,754
Working capital
€51,850▼ 23.2%
2024 · €67,548
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
Line20212022202320242025
Operating result€532-€58,942▲ 10,979%€85,124▲ 44.4%€11,547▼ 86.4%-€41,044
Net result€164below the sector's middle half-€44,053within the sector's middle half▲ 26,808%€60,654within the sector's middle half▲ 37.7%€1,754below the sector's middle half▼ 97.1%-€29,637below the sector's middle half
Equity€5,164below the sector's middle half-€49,217within the sector's middle half▲ 853%€109,871within the sector's middle half▲ 123%€111,625within the sector's middle half▲ 1.6%€81,988within the sector's middle half▼ 26.6%
Total assets€48,162below the sector's middle half-€120,631within the sector's middle half▲ 150%€196,871within the sector's middle half▲ 63.2%€207,362within the sector's middle half▲ 5.3%€151,237within the sector's middle half▼ 27.1%
Debt€42,998-€71,415▲ 66.1%€87,000▲ 21.8%€95,737▲ 10.0%€69,249▼ 27.7%
Working capital-€15,542below the sector's middle half-€33,170within the sector's middle half€98,483within the sector's middle half▲ 197%€67,548within the sector's middle half▼ 31.4%€51,850within the sector's middle half▼ 23.2%
Solvency10.7%below the sector's middle half-40.8%within the sector's middle half▲ 30.1pp55.8%within the sector's middle half▲ 15.0pp53.8%within the sector's middle half▼ 2.0pp54.2%within the sector's middle half▲ 0.4pp
Current ratio0.64below the sector's middle half-1.46within the sector's middle half▲ 0.832.13within the sector's middle half▲ 0.671.71within the sector's middle half▼ 0.431.75within the sector's middle half▲ 0.04
Return on assets (ROA)0.3%below the sector's middle half-36.5%above the sector's middle half▲ 36.2pp30.8%above the sector's middle half▼ 5.7pp0.8%below the sector's middle half▼ 30.0pp-19.6%below the sector's middle half▼ 20.4pp
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 turns negative in 2025: a loss of €41,044 after €11,547 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,237
Fixed assets
€30,138 ▼ 31.6%
Current assets
€121,099 ▼ 25.8%
Equity and liabilities €151,237
Equity
€81,988 ▼ 26.6%
Debt
€69,249 ▼ 27.7%
Debt's share of the balance-sheet total falls from 46.2% to 45.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,105▼
2024 · €25,257
Cash flow
-€15,698▼
2024 · €15,465
Debt to equity
0.84▼
2024 · 0.86
ROE
-36.1%▼
2024 · 1.6%
Interest coverage
-29.57▼
2024 · 150.91
Debt ≤ 1 year
€69,249▼
2024 · €95,737
Income taxes
-€12,323▼
2024 · €9,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,588 | €4,659 | €4,659 | €13,710 | €13,939 | ▲ 1.7% |
| Other operating charges640/8 | - | €1,402 | €685 | €500 | €5,197 | ▲ 939% |
| Gross operating margin9900 | €3,120 | €65,003 | €90,467 | €25,757 | -€21,908 | ▼ 185% |
| Operating profit (loss)9901 | €532 | €58,942 | €85,124 | €11,547 | -€41,044 | ▼ 455% |
| Financial charges65/66B | €4 | €205 | €256 | €167 | €917 | ▲ 448% |
| Recurring financial charges65 | €4 | €205 | €256 | €167 | €917 | ▲ 448% |
| Profit (loss) for the period before taxes9903 | €528 | €58,737 | €84,868 | €11,379 | -€41,960 | ▼ 469% |
| Income taxes67/77 | €364 | €14,684 | €24,214 | €9,625 | -€12,323 | ▼ 228% |
| Profit (loss) for the period9904 | €164 | €44,053 | €60,654 | €1,754 | -€29,637 | ▼ 1,789% |
| Profit (loss) for the period to be appropriated9905 | €164 | €44,053 | €60,654 | €1,754 | -€29,637 | ▼ 1,789% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,162 | €120,631 | €196,871 | €207,362 | €151,237 | ▼ 27.1% |
| Fixed assets21/28 | €20,706 | €16,047 | €11,388 | €44,077 | €30,138 | ▼ 31.6% |
| Tangible fixed assets22/27 | €20,706 | €16,047 | €11,388 | €44,077 | €30,138 | ▼ 31.6% |
| Furniture and vehicles24 | €20,706 | €16,047 | €11,388 | €44,077 | €30,138 | ▼ 31.6% |
| Current assets29/58 | €27,456 | €104,584 | €185,483 | €163,285 | €121,099 | ▼ 25.8% |
| Amounts receivable within one year40/41 | €25,344 | €25,044 | €174,790 | €134,417 | €101,607 | ▼ 24.4% |
| Trade receivables40 | - | - | €49,400 | €713 | - | - |
| Other amounts receivable41 | €25,344 | €25,044 | €125,390 | €133,705 | €101,607 | ▼ 24.0% |
| Current investments50/53 | €2,112 | €79,540 | €10,693 | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €28,868 | €18,409 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,083 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,162 | €120,631 | €196,871 | €207,362 | €151,237 | ▼ 27.1% |
| Equity10/15 | €5,164 | €49,217 | €109,871 | €111,625 | €81,988 | ▼ 26.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | - | - | - | - |
| Issued capital100 | €5,000 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | €164 | €44,217 | €104,871 | €106,625 | €76,988 | ▼ 27.8% |
| Amounts payable17/49 | €42,998 | €71,415 | €87,000 | €95,737 | €69,249 | ▼ 27.7% |
| Amounts payable within one year42/48 | €42,998 | €71,415 | €87,000 | €95,737 | €69,249 | ▼ 27.7% |
| Trade debts44 | €42,634 | €13,509 | €200 | - | €8,784 | - |
| Suppliers440/4 | €42,634 | €13,509 | €200 | - | €8,784 | - |
| Advances received on contracts in progress46 | - | - | €15,125 | €29,096 | - | - |
| Taxes, remuneration and social security45 | €364 | €29,749 | €50,577 | €50,505 | - | - |
| Taxes450/3 | €364 | €29,749 | €50,577 | €50,505 | - | - |
| Other amounts payable47/48 | - | €28,157 | €21,098 | €16,135 | €60,464 | ▲ 275% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €164 | €44,053 | €60,654 | €1,754 | -€29,637 | ▼ 1,789% |
| + Depreciation and write-downs630 | €2,588 | €4,659 | €4,659 | €13,710 | €13,939 | ▲ 1.7% |
| Operating cash flow (approximation) | €2,752 | €48,712 | €65,313 | €15,465 | -€15,698 | ▼ 202% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€46,399 | €0 | ▲ 100% |
| Change in cash | - | - | - | - | -€10,459 | - |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€29,637
Net result drops to -€29,637, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 211 days late
2023
31-12
Financial
Highest result since 2021net €60,654 ▲37.7%
Operating result €85,124, net result €60,654, both a record.
31-12
Financial
Equity above €100,000Eq €109,871 ▲123%
3 profitable years in a row build equity to €109,871.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.64 to 1.46.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel
Ground area
815 m²
Building footprint
579 m²
Volume, LiDAR
13,874 m³
Parcel 21807G0218/00R015, Brussels · tallest building 30.9 m, ±9 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0218/00R015 | Brussels | 815 m² | 1 · 579 m² | 30.9 m · 9 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 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,208 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
Founded26-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751467512
Also
9925:BE0751467512
Registered
03-04-2026
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.