Summary
ADVIESBUREAU MERLEVEDE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €110k and a net result of €50k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 15% of 5527 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5527 sector peers (2025).
NBB · sector comparisonPosition among 5527 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
37 d early
2023
42 d early
2022
54 d early
2021
34 d early
2020
23 d early
2019
39 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€110k▲ 0.3%
2024 · €110k
2018: €35k
2020: €108k
2021: €108k
2022: €108k
2023: €109k
2024: €110k
2018 → 2025
Net result
€50k▼ 34.3%
2024 · €77k
2018: €255
2020: €46k
2021: €54k
2022: €73k
2023: €63k
2024: €77k
2018 → 2025
Total assets
€836k▼ 5.6%
2024 · €885k
2018: €608k
2020: €840k
2021: €751k
2022: €840k
2023: €733k
2024: €885k
2018 → 2025
Solvency
13.2%▲ 0.8pp
2024 · 12.4%
2018: 5.7%
2020: 12.8%
2021: 14.4%
2022: 12.9%
2023: 14.8%
2024: 12.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€108k=€109k▲ 0.5%€110k▲ 1.4%€110k▲ 0.3%
Operating result€80k-€115k▲ 42.5%€112k▼ 2.6%€132k▲ 18.0%€86k▼ 35.0%
Net result€54k-€73k▲ 33.2%€63k▼ 13.1%€77k▲ 21.5%€50k▼ 34.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €836k
Fixed assets
€206k ▼ 23.5%
Current assets
€630k ▲ 2.2%
Equity and liabilities €836k
Equity
€110k ▲ 0.3%
Debt
€725k ▼ 6.5%
Debt's share of the balance-sheet total falls from 87.6% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
45.5%▼
2024 · 69.4%
ROA
6.0%▼
2024 · 8.6%
Debt ≤ 1 year
€308k▼
2024 · €434k
Debt > 1 year
€417k▲
2024 · €341k
Income taxes
€31k▼
2024 · €36k
Staff costs
€263k▼
2024 · €288k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€885k€836k▼
Fixed assets21/28€269k€206k▼
Intangible fixed assets21€235k€170k▼
Tangible fixed assets22/27€33k€36k▲
Plant, machinery and equipment23€9k€10k▲
Furniture and vehicles24€9k€17k▲
Other tangible fixed assets26€15k€8k▼
Current assets29/58€617k€630k▲
Amounts receivable within one year40/41€424k€483k▲
Trade receivables40€89k€125k▲
Other amounts receivable41€336k€358k▲
Cash at bank and in hand54/58€65k€50k▼
Deferred charges and accrued income490/1€127k€97k▼
Equity and liabilities
Total equity and liabilities10/49€885k€836k▼
Equity10/15€110k€110k▲
Contributions10/11€87k€87k=
Reserves13€23k€24k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€0▼
Other1319-€9k
Distributable reserves133€15k€15k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€775k€725k▼
Amounts payable after more than one year17€341k€417k▲
Financial debts170/4€341k€417k▲
Amounts payable within one year42/48€434k€308k▼
Current portion of amounts payable after more than one year42€73k€74k▲
Financial debts43€35k€35k=
Credit institutions430/8€35k€35k=
Trade debts44€217k€119k▼
Suppliers440/4€217k€119k▼
Taxes, remuneration and social security45€34k€29k▼
Taxes450/3€5k€0▼
Remuneration and social security454/9€29k€29k▲
Other amounts payable47/48€75k€50k▼
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€288k€263k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€78k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€472k€428k▼
Operating profit (loss)9901€132k€86k▼
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€25k€13k▼
Recurring financial charges65€25k€13k▼
Profit (loss) for the period before taxes9903€113k€81k▼
Income taxes67/77€36k€31k▼
Profit (loss) for the period9904€77k€50k▼
Profit (loss) for the period to be appropriated9905€77k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€77k€50k▼
Transfer to equity691/2€2k€279▼
To other reserves6921€2k€279▼
Profit to be distributed694/7€75k€50k▼
Return on contributions (dividend)694€75k€50k▼
Social balance
Average headcount (FTE)90874.34.3=
The notes to these accounts (26 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €77k ▲21.5%
Operating result €132k, net result €77k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100kEq €108k ▲209%
2 profitable years in a row build equity to €108k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Kuurne · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heirweg 968520 KuurneGround area
1.3 ha
Building footprint
9,612 m²
Parcel 34023A0463/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
ABM Verzekeringen
since 19892.042.010.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023A0463/00T000 | Flanders | 1.3 ha | 1 · 9,612 m² | - |
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.
Similar companies · same sector, comparable size
PROCOFLOOR
BE 0534.627.772
Zaventem · Eq €110,507
W-COMPANY
BE 0818.180.251
Beringen · Eq €110,454
JACOHOLD
BE 1009.478.208
Riemst · Eq €110,601
CLAMONTA
BE 0644.789.583
Deinze · Eq €110,607
ETHELEMENT
BE 0878.447.242
Heusden-Zolder · Eq €110,331
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 12,551 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
Founded30-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66220Insurance agents and brokers
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.