ADELE MC MERLIN
InactiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 45 filings
Equity
-€10,202▼ 32.0%
2024 · -€7,732
Total assets
€12,128▲ 2.3%
2024 · €11,860
Net result
-€2,471▼ 3.5%
2024 · -€2,388
Working capital
-€10,202▼ 32.0%
2024 · -€7,732
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €2,297, smaller than the loss of €2,301 in 2024.
Operating result-€2,297
2025
Net result-€2,471
2025
Total assets€12,128
2025
Equity-€10,202
2025
Debt€22,330
2025
Working capital-€10,202
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€1,506--€2,041▼ 35.5%-€433▲ 78.8%-€1,333▼ 208%-€1,472▼ 10.4%-€3,395▼ 131%-€2,301▲ 32.2%-€2,297▲ 0.2%
Net result-€1,585--€2,172▼ 37.1%-€560▲ 74.2%-€1,442▼ 158%-€1,482▼ 2.7%-€3,495▼ 136%-€2,388▲ 31.7%-€2,471▼ 3.5%
Equity€3,807-€1,635▼ 57.1%€1,075▼ 34.2%-€367-€1,849▼ 403%-€5,344▼ 189%-€7,732▼ 44.7%-€10,202▼ 32.0%
Total assets€21,457-€12,635▼ 41.1%€12,103▼ 4.2%€11,695▼ 3.4%€11,838▲ 1.2%€11,818▼ 0.2%€11,860▲ 0.4%€12,128▲ 2.3%
Debt€17,651-€11,000▼ 37.7%€11,028▲ 0.2%€12,062▲ 9.4%€13,687▲ 13.5%€17,162▲ 25.4%€19,592▲ 14.2%€22,330▲ 14.0%
Working capital€3,847-€1,671▼ 56.6%€1,108▼ 33.7%-€367-€1,849▼ 403%-€5,344▼ 189%-€7,732▼ 44.7%-€10,202▼ 32.0%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Solvency
-84.1%▼
2024 · -65.2%
Current ratio
0.54▼
2024 · 0.61
Quick ratio
0.05▲
2024 · 0.04
ROA
-20.4%▼
2024 · -20.1%
Debt ≤ 1 year
€22,330▲
2024 · €19,592
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €437 | €571 | €746 | €537 | €804 | ▲ 49.6% |
| Gross operating margin9900 | -€1,053 | -€1,587 | €23 | -€896 | -€901 | -€2,649 | -€1,764 | -€1,494 | ▲ 15.3% |
| Operating profit (loss)9901 | -€1,506 | -€2,041 | -€433 | -€1,333 | -€1,472 | -€3,395 | -€2,301 | -€2,297 | ▲ 0.2% |
| Financial charges65/66B | - | - | - | €109 | €10 | €99 | €87 | €174 | ▲ 101% |
| Recurring financial charges65 | €79 | €131 | €127 | €109 | €10 | €99 | €87 | €174 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€1,585 | -€2,172 | -€560 | -€1,442 | -€1,482 | -€3,495 | -€2,388 | -€2,471 | ▼ 3.5% |
| Profit (loss) for the period9904 | -€1,585 | -€2,172 | -€560 | -€1,442 | -€1,482 | -€3,495 | -€2,388 | -€2,471 | ▼ 3.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,585 | -€2,172 | -€560 | -€1,442 | -€1,482 | -€3,495 | -€2,388 | -€2,471 | ▼ 3.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,457 | €12,635 | €12,103 | €11,695 | €11,838 | €11,818 | €11,860 | €12,128 | ▲ 2.3% |
| Current assets29/58 | €21,457 | €12,635 | €12,103 | €11,695 | €11,838 | €11,818 | €11,860 | €12,128 | ▲ 2.3% |
| Stocks and contracts in progress3 | €11,068 | €11,068 | €11,068 | €11,068 | €11,068 | €11,068 | €11,068 | €11,068 | = |
| Stocks30/36 | - | - | - | €11,068 | €11,068 | €11,068 | €11,068 | €11,068 | = |
| Amounts receivable within one year40/41 | €8,980 | €1,176 | €802 | €402 | €579 | €579 | €579 | €579 | = |
| Other amounts receivable41 | - | - | - | €402 | €579 | €579 | €579 | €579 | = |
| Cash at bank and in hand54/58 | €1,409 | €391 | €233 | €225 | €191 | €171 | €213 | €481 | ▲ 125% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,457 | €12,635 | €12,103 | €11,695 | €11,838 | €11,818 | €11,860 | €12,128 | ▲ 2.3% |
| Equity10/15 | €3,807 | €1,635 | €1,075 | -€367 | -€1,849 | -€5,344 | -€7,732 | -€10,202 | ▼ 32.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €117,600 | €117,600 | €117,600 | €117,600 | €117,600 | €117,600 | €117,600 | €117,600 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €111,400 | €111,400 | €111,400 | €111,400 | €111,400 | = |
| Profit (loss) carried forward14 | -€175,793 | -€177,965 | -€178,525 | -€179,967 | -€181,449 | -€184,944 | -€187,331 | -€189,802 | ▼ 1.3% |
| Amounts payable17/49 | €17,651 | €11,000 | €11,028 | €12,062 | €13,687 | €17,162 | €19,592 | €22,330 | ▲ 14.0% |
| Amounts payable within one year42/48 | €17,611 | €10,964 | €10,994 | €12,062 | €13,687 | €17,162 | €19,592 | €22,330 | ▲ 14.0% |
| Trade debts44 | €5,718 | €502 | €532 | - | €25 | €1,500 | €0 | €123 | - |
| Suppliers440/4 | - | - | - | - | €25 | €1,500 | €0 | €123 | - |
| Other amounts payable47/48 | - | - | - | €12,062 | €13,662 | €15,662 | €19,592 | €22,207 | ▲ 13.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,585 | -€2,172 | -€560 | -€1,442 | -€1,482 | -€3,495 | -€2,388 | -€2,471 | ▼ 3.5% |
| Operating cash flow (approximation) | -€1,585 | -€2,172 | -€560 | -€1,442 | -€1,482 | -€3,495 | -€2,388 | -€2,471 | ▼ 3.5% |
| Change in cash | - | -€1,018 | -€159 | -€8 | -€35 | -€19 | €42 | €267 | ▲ 531% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00214449 | NBB |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00356067 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00414610 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00186238 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20113675 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-29300551 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24000081 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-57000157 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56800508 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47600426 |