DE MERGPIJP
ActiveDE MERGPIJP has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €602k and a net result of €50k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+27
Solvency52▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 6.19 in 2023; short-term debt: 5.7% and cash: 13.9% of total assets), but 72.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
22 d early
2022
20 d early
2021
13 d early
2020
3 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€602k▲ 9.1%
2023 · €552k
2018: €302k
2019: €270k
2020: €388k
2021: €588k
2022: €615k
2023: €552k
2018 → 2024
Total assets
€2.21M▲ 34.2%
2023 · €1.65M
2018: €946k
2019: €1.10M
2020: €1.14M
2021: €1.26M
2022: €1.22M
2023: €1.65M
2018 → 2024
Net result
€50k
2023 · €-63k
2018: €66k
2019: €-32k
2020: €68k
2021: €200k
2022: €27k
2023: €-63k
2018 → 2024
Working capital
€255k▼ 17.0%
2023 · €308k
2018: €-428k
2019: €-686k
2020: €36k
2021: €319k
2022: €489k
2023: €308k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€388k-€588k▲ 51.4%€615k▲ 4.5%€552k▼ 10.2%€602k▲ 9.1%
Operating result€96k-€272k▲ 183%€39k▼ 85.5%€-33k€85k
Net result€68k-€200k▲ 193%€27k▼ 86.7%€-63k€50k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €85k after a loss of €33k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.21M
Fixed assets
€1.83M▲ 42.8%
Current assets
€382k▲ 4.1%
Equity and liabilities €2.21M
Equity
€602k▲ 9.1%
Debt
€1.61M▲ 46.8%
The debt ratio rises from 66.5% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€215k▲
2023 · €86k
Cash flow
€180k▲
2023 · €57k
Solvency
27.2%▼
2023 · 33.5%
Current ratio
3.02▼
2023 · 6.19
Quick ratio
3.02▼
2023 · 6.19
Debt / equity
2.67▲
2023 · 1.98
ROE
8.3%▲
2023 · -11.4%
ROA
2.3%▲
2023 · -3.8%
Interest coverage
4.93▲
2023 · 2.63
Debt
€1.61M▲
2023 · €1.10M
Debt ≤ 1 year
€127k▲
2023 · €59k
Debt > 1 year
€1.48M▲
2023 · €1.04M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.65M€2.21M▲
Fixed assets21/28€1.28M€1.83M▲
Tangible fixed assets22/27€1.24M€1.79M▲
Land and buildings22€1.24M€1.79M▲
Financial fixed assets28€38k€38k=
Current assets29/58€367k€382k▲
Amounts receivable after more than one year29€126k€54k▼
Other amounts receivable291€126k€54k▼
Amounts receivable within one year40/41€4k€14k▲
Trade receivables40-€9k
Other amounts receivable41€4k€5k▲
Current investments50/53€200k€0▼
Cash at bank and in hand54/58€33k€308k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.65M€2.21M▲
Equity10/15€552k€602k▲
Contributions10/11€251k€251k=
Reserves13€301k€351k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€9k€9k=
Distributable reserves133€292k€342k▲
Amounts payable17/49€1.10M€1.61M▲
Amounts payable after more than one year17€1.04M€1.48M▲
Financial debts170/4€1.04M€1.48M▲
Amounts payable within one year42/48€59k€127k▲
Current portion of amounts payable after more than one year42€48k€95k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€9k€29k▲
Taxes450/3€9k€29k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€130k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€93k€224k▲
Operating profit (loss)9901€-33k€85k▲
Financial income75/76B€3k€8k▲
Recurring financial income75€3k€8k▲
Financial charges65/66B€33k€44k▲
Recurring financial charges65€33k€44k▲
Profit (loss) for the period before taxes9903€-63k€50k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-63k€50k▲
Profit (loss) for the period to be appropriated9905€-63k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€50k▲
Transfer from equity791/2€63k€0▼
Transfer to equity691/2€0€50k▲
To other reserves6921€0€50k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-63k ▼335%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €200k ▲193%
Operating result €272k, net result €200k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.24
Current ratio from 1.42 to 5.24; short-term debt falls from €87k to €75k.
31-12
Financial
Equity above €500kEq €588k ▲51.4%
2 profitable years in a row build equity to €588k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 1.42
Current ratio from 0.09 to 1.42; short-term debt falls from €754k to €87k.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Antwerpen · 1 establishment unit since 1996
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.
Vlaamsekaai 162000 AntwerpenGround area
137 m²
Building footprint
75 m²
Volume, LiDAR
1,144 m³
Parcel 11811L3654/00B002, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
De Mergpijp
since 19962.076.636.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3654/00B002 | Flanders | 137 m² | 1 · 75 m² | 17.1 m · 5 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 5,777 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-1996
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.