De Merode
ActiveSummary
De Merode has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,747 and a net result of €13,812. Equity has been growing by about 40% per year since 2020. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-10-2019 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.295.938.926 2800 Mechelen, since 24-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
- Landmeter en Expertisekantoor Bruno MertensDirector · since 22-12-2025
- @TOPO100%· score 872024 annual accounts of @TOPO
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €47,034
- =
- Turnover
- ≈ €170,000
- estimated
- Profit
- €13,812
- ▼ 15.9%
- Equity
- €27,747
- ▲ 99.1%
- Total assets
- €492,133
- ▼ 2.0%
Score breakdownraises riskFounded in 2019Equity €27,747 (5.6% of total assets)lowers riskSize: total assets €492,133No main activity registeredShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 20% of them on solvency, 52% on liquidity, 42% on profitability and 92% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 4 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 1% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,970 | €17,045 | €15,226 | €15,226 | €15,226 | €15,226 | = |
| Other operating charges640/8 | - | €3,721 | €3,853 | €8,076 | €4,939 | €5,209 | ▲ 5.5% |
| Gross operating margin9900 | €31,242 | €32,407 | €35,731 | €20,005 | €47,048 | €47,034 | = |
| Operating profit (loss)9901 | €9,885 | €11,642 | €16,652 | -€3,297 | €26,883 | €26,598 | ▼ 1.1% |
| Financial income75/76B | - | €37 | - | €788 | - | - | - |
| Recurring financial income75 | €60 | €37 | - | €788 | - | - | - |
| Financial charges65/66B | - | €10,996 | €11,371 | €9,159 | €8,688 | €8,183 | ▼ 5.8% |
| Recurring financial charges65 | €10,325 | €10,996 | €11,371 | €9,159 | €8,688 | €8,183 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | -€380 | €683 | €5,281 | -€11,669 | €18,195 | €18,416 | ▲ 1.2% |
| Income taxes67/77 | - | €76 | €1,320 | - | €1,778 | €4,604 | ▲ 159% |
| Profit (loss) for the period9904 | -€380 | €607 | €3,960 | -€11,669 | €16,416 | €13,812 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | -€380 | €607 | €3,960 | -€11,669 | €16,416 | €13,812 | ▼ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €557,839 | €534,152 | €527,495 | €500,617 | €502,416 | €492,133 | ▼ 2.0% |
| Fixed assets21/28 | €541,501 | €524,457 | €509,230 | €494,004 | €478,778 | €463,551 | ▼ 3.2% |
| Tangible fixed assets22/27 | €541,501 | €524,457 | €509,230 | €494,004 | €478,778 | €463,551 | ▼ 3.2% |
| Land and buildings22 | - | €524,457 | €509,230 | €494,004 | €478,778 | €463,551 | ▼ 3.2% |
| Current assets29/58 | €16,337 | €9,695 | €18,265 | €6,613 | €23,638 | €28,581 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €9,287 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €695 | €5,478 | €3,713 | €5,938 | €24,081 | ▲ 306% |
| Deferred charges and accrued income490/1 | - | €9,000 | €12,787 | €2,900 | €17,700 | €4,500 | ▼ 74.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €557,839 | €534,152 | €527,495 | €500,617 | €502,416 | €492,133 | ▼ 2.0% |
| Equity10/15 | €4,620 | €5,227 | €9,188 | -€2,481 | €13,935 | €27,747 | ▲ 99.1% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €8,935 | €22,747 | ▲ 155% |
| Distributable reserves133 | - | - | - | - | €8,935 | €22,747 | ▲ 155% |
| Profit (loss) carried forward14 | -€380 | €227 | €4,188 | -€7,481 | - | - | - |
| Amounts payable17/49 | €553,219 | €528,925 | €518,307 | €503,098 | €488,480 | €464,385 | ▼ 4.9% |
| Amounts payable after more than one year17 | €460,497 | €439,259 | €417,580 | €395,451 | €372,861 | €440,811 | ▲ 18.2% |
| Financial debts170/4 | - | €439,259 | €417,580 | €395,451 | €372,861 | €440,811 | ▲ 18.2% |
| Amounts payable within one year42/48 | €92,722 | €89,415 | €100,727 | €107,647 | €115,379 | €23,574 | ▼ 79.6% |
| Current portion of amounts payable after more than one year42 | - | €21,237 | €21,679 | €22,130 | €22,590 | €23,060 | ▲ 2.1% |
| Trade debts44 | €788 | €5,182 | €2,717 | €507 | - | €410 | - |
| Suppliers440/4 | - | €5,182 | €2,717 | €507 | - | €410 | - |
| Taxes, remuneration and social security45 | - | €76 | €1,320 | - | €1,778 | €104 | ▼ 94.2% |
| Taxes450/3 | - | €76 | €1,320 | - | €1,778 | €104 | ▼ 94.2% |
| Other amounts payable47/48 | - | €62,920 | €75,011 | €85,011 | €91,011 | - | - |
| Accrued charges and deferred income492/3 | - | €250 | - | - | €241 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€380 | €607 | €3,960 | -€11,669 | €16,416 | €13,812 | ▼ 15.9% |
| + Depreciation and write-downs630 | €20,970 | €17,045 | €15,226 | €15,226 | €15,226 | €15,226 | = |
| Operating cash flow (approximation) | €20,590 | €17,652 | €19,187 | €3,558 | €31,643 | €29,038 | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €4,783 | -€1,765 | €2,225 | €18,143 | ▲ 715% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,603 companies had the same profile as De Merode has now. Two years later, 96.1% were still going and 1.9% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of De Merode itself is lower: 0.2% within 12 months. It rests on far more data about De Merode than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,603 companies, not a prediction for De Merode. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00243404 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00261233 | |
| 31-12-2023 | abbreviated format | 23-08-2024 | 2024-00372222 | |
| 31-12-2022 | abbreviated format | 01-08-2023 | 2023-00308623 | |
| 31-12-2021 | abbreviated format | 24-08-2022 | 2022-20318227 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57000524 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- @TOPO
- De Merode
Owners 1
- @TOPOparentSourceaccounts @TOPO 2024Equity €42,687 Profit of €250,979 in 2025 (profit of €319,156 in 2024) Checked score 87100%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Landmeter en Expertisekantoor Bruno Mertens |
|
| @Topo |
|
| Immobilé |
|
Network & group
Companies at the same address
4 other companies- BM EXPERTISE Registered office · since 2020 0759666881
- @TOPO Registered office · since 2012 0842474001
- VASTGOED VERBOVEN Registered office · since 2006 0881443948
- Vereniging van Mede-eigenaars van het appartementsgebouw te Mechelen, Frederik De Merodestraat 111-Tinellaan 10 Registered office · since 1995 0829410178
Connections & network
1 current directorThe network starts from the directors of De Merode. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-02
Gazette deed
Resignation: @Topo (director)Appointment: Landmeter en Expertisekantoor Bruno Mertens (director) · Power of attorney4 points ▸
- General meeting, 19-12-2025
- Director resignation, @Topo (director)
- Director appointment, Landmeter en Expertisekantoor Bruno Mertens (director)
- Power of attorney, Swinnen Kristof
22-04
Gazette deed
Resignation: Immobilé (director)Permanent representatives: Buelens Bart and Bruno Mertens6 points ▸
- General meeting, 12-04-2022
- Director resignation, Immobilé (director)
- Permanent representative, Buelens Bart
- Director in office, TOPO (director)
- Director in office, Landmeter en Expertisekantoor Bruno Mertens (director)
- Permanent representative, Bruno Mertens
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12025B0015/00M002 | Flanders | 408 m² | 1 · 187 m² | 21.0 m · 5 |