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BE MERCHTEM

Active
Private limited companyfounded 200323 yrs activeRomeinsesteenweg 566, 1853 Grimbergen, BelgiumKBO/BCE: BE 0860.860.251
Summary

BE MERCHTEM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,710 and a net result of -€30,510. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 10466 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
BE MERCHTEMActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Activity
Real estate agency activities
NACE 68310NACE 68311
1 site
Size
€1.9mtotal assets 2025
Equity
€75,710
Loss
-€30,510
Turnover not published (abridged schema)
Financial health
81 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Parent
STEENBERG · 99%
Holdings
1
Accounts filed 32 d late0 of 4 deeds read
Why 81- Equity €75,710 (4.0% of total assets)- Latest accounts 32 days late; 1 of the last 3 late- Figures for FY 2025 (filed 03-12-2025)+ Size: total assets €1.9mShow the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Better than 35% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 29-11
equity 4.0% of total assets
Liquidity 57+4
short-term debt 15.8% · cash 8.3%
Profitability 33+33
return on assets -1.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▼ -2.6% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.2%▼ -11.2% vs 06-2025 08-2025: 0.2%▼ -3.9% vs 07-2025lowest value 09-2025: 0.2%▲ +3.2% vs 08-2025 10-2025: 0.3%▲ +26.0% vs 09-2025 11-2025: 0.4%▲ +53.8% vs 10-2025 12-2025: 0.4%▲ +1.8% vs 11-2025highest value 01-2026: 0.3%▼ -43.5% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▼ -0.8% vs 03-2026 05-2026: 0.3%▲ +5.6% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%▼ -0.8% vs 06-2026 08-2026: 0.3%▲ +12.2% vs 07-2026 09-2026: 0.3%▼ -4.1% vs 08-2026 10-2026: 0.4%▲ +48.1% vs 09-2026
  • Size: total assets €1.9m lowers the probability for this profile
  • Equity €75,710 (4.0% of total assets) raises the probability
  • Latest accounts 32 days late; 1 of the last 3 late raises the probability
  • Figures for FY 2025 (filed 03-12-2025) raises the probability
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 1.18 in 2024; short-term debt: 15.8% and cash: 8.3% of total assets), and 96% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 25%, liquidity 68%, profitability 29%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €75,710 (4.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 32 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2025 (filed 03-12-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€30,510
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10466 sector peers (2025).
NBB · sector comparison
Position among 10466 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-12-2025, 32 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 filings
Deviation from the deadline
2025
32 d late
2024
4 d late
2023
on the day
2022
30 d late
2021
5 d early
2020
30 d late
2019
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 4 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet -€109,242

Key points

  • Positive: Result rose in 2025from -€109,242 to -€30,510 ▲ 72.1% View
  • Controlled by STEENBERGitself parent of 1 companies 99% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€30,510 View

By topic

Financials

Fiscal year
2025
Total assets
€1.9m
Loss
-€30,510
Solvency
4.0%
Total assets▲ 167%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-10-2026
  1. 02-12-2025Annual accounts filed
  2. 04-11-2024Annual accounts filed
  3. 31-03-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Real estate agency activitiesNACE 68310
Founded
03-10-2003
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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