BART MEERSMAN
ActiveBART MEERSMAN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €23k. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 7452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+7
Solvency52▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.7 in 2024; short-term debt: 22.2% and cash: 4.6% of total assets), and 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.4%
Return on assets
6.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 10 filingsDeviation from the deadline
2025
22 d late
2024
58 d late
2023
27 d late
2022
31 d late
2021
28 d late
2020
30 d late
2019
62 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▲ 30.7%
2024 · €75k
2018: €17k
2019: €19k
2020: €22k
2021: €31k
2022: €14k
2023: €71k
2024: €75k
2018 → 2025
Total assets
€358k▲ 19.3%
2024 · €300k
2018: €48k
2019: €118k
2020: €146k
2021: €204k
2022: €344k
2023: €329k
2024: €300k
2018 → 2025
Net result
€23k▲ 468%
2024 · €4k
2018: €3k
2019: €1k
2020: €4k
2021: €9k
2022: €-17k
2023: €57k
2024: €4k
2018 → 2025
Working capital
€-18k▲ 23.5%
2024 · €-23k
2018: €5k
2019: €5k
2020: €-14k
2021: €-31k
2022: €-65k
2023: €-30k
2024: €-23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€14k▼ 54.3%€71k▲ 402%€75k▲ 5.7%€98k▲ 30.7%
Operating result€11k-€-16k€73k€7k▼ 89.9%€29k▲ 294%
Net result€9k-€-17k€57k€4k▼ 92.9%€23k▲ 468%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 294% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358k
Fixed assets
€296k▲ 20.2%
Current assets
€62k▲ 14.9%
Equity and liabilities €358k
Equity
€98k▲ 30.7%
Debt
€260k▲ 15.5%
The debt ratio falls from 75.0% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €28k
Cash flow
€44k▲
2024 · €25k
Solvency
27.4%▲
2024 · 25.0%
Current ratio
0.78▲
2024 · 0.70
Quick ratio
0.74▲
2024 · 0.66
Debt / equity
2.65▼
2024 · 3.00
ROE
23.5%▲
2024 · 5.4%
ROA
6.4%▲
2024 · 1.4%
Interest coverage
13.06▲
2024 · 9.55
Debt
€260k▲
2024 · €225k
Debt ≤ 1 year
€80k▲
2024 · €77k
Debt > 1 year
€180k▲
2024 · €148k
Income taxes
€7k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€300k€358k▲
Fixed assets21/28€246k€296k▲
Tangible fixed assets22/27€246k€296k▲
Land and buildings22€227k€220k▼
Plant, machinery and equipment23-€69k
Furniture and vehicles24€19k€7k▼
Financial fixed assets28€135€135=
Current assets29/58€54k€62k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€3k€43k▲
Trade receivables40€196€14k▲
Other amounts receivable41€3k€29k▲
Cash at bank and in hand54/58€47k€16k▼
Deferred charges and accrued income490/1€618-
Equity and liabilities
Total equity and liabilities10/49€300k€358k▲
Equity10/15€75k€98k▲
Contributions10/11€6k€6k=
Reserves13€69k€69k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133€69k€67k▼
Profit (loss) carried forward14-€23k
Amounts payable17/49€225k€260k▲
Amounts payable after more than one year17€148k€180k▲
Financial debts170/4€148k€180k▲
Amounts payable within one year42/48€77k€80k▲
Current portion of amounts payable after more than one year42€23k€23k▼
Trade debts44€25k€24k▼
Suppliers440/4€25k€24k▼
Advances received on contracts in progress46-€11k
Taxes, remuneration and social security45€28k€22k▼
Taxes450/3€19k€8k▼
Remuneration and social security454/9€10k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€31k€53k▲
Operating profit (loss)9901€7k€29k▲
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€6k€30k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€4k€23k▲
Profit (loss) for the period to be appropriated9905€4k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€23k▲
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (10 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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-17k ▼295%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Torhout · 1 establishment unit since 2015
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.
Berkenstraat 428820 TorhoutGround area
1,829 m²
Building footprint
794 m²
Volume, LiDAR
3,370 m³
2 parcels, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BVBA Bart Meersman
since 20152.243.954.250
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0503/00B000 | Flanders | 970 m² | 1 · 142 m² | 4.9 m · 1 fl. |
| 36011B0383/00F000 | Flanders | 859 m² | 1 · 653 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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RoGoTec
BE 0644.663.582
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PETER VERLAAK
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BOUW & RENOVATIE VANSIELEGHEM
BE 1009.036.659
Torhout · Eq €98k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 13,164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
43910Bricklaying and masonry work
43994Specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.