Equity
€17.0m ▼ 19.3%
E - MERGE paid out €1.4m in dividends in a year with a loss of €2.6m.
E - MERGE
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak -€388,044 (2006)
-€2.2m▼ €438,904
lowest -€2.6m (2025)
-€2.6m▼ €3.4m
peak €22.9m (2022)
€17.0m▼ 19.3%
€72,056▼ 71.8%
peak 0.6 FTE (2006)
0 FTE
Board6 names since 2021
6 directorsLaurent Drion and 5 others
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Gross margin from -€1.8m to -€2.2mLoss of €2.6mDividend €1.4mEquity from €21.1m to €17.0mDebts from €255,672 to €72,056Cash from €890,725 to €205,164
Key points
from the 2025 annual accountsResult
-€2.6m -€2.6m
From profit to loss in 2025, after a profit of €705,064 in 2024.
Investments
€54,265 3.1 × depreciation
Green is investment, beige is depreciation.
Group
28 companies controlled
Heads a group.
Board
2 joined · 2 left
Board changed. Latest change 23-07-2026 · 4 in office.
Position in the sector
-€2.6m
Lower net result than 95% of companies in head offices and management consultancy. Sector median €53,814 · 3,870 companies.
Checked score
92
Excellent
Financially stronger than 38% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 801 companies (NACE 70, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €2.6m (financial year 2025)
Liquidity: current ratio 12.30, cash €205,164, halved
lowers risk
Size: total assets €17.1m
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 (NACE 70, medium-sized). It does better than 82% of them on solvency, 64% on liquidity, 1% on profitability and 8% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €1,550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.3 (17.99 in 2024), above the usual 1.5. Short-term debt is 0.4% and cash 1.2% of total assets. 0.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
5 days early
2023
30 days late
2022
31 days late
2021
24 days early
2020
4 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 68 companies, including AngelList Funds, LLC A-JJW-61-Fund and AX-AnNa-Funds, LLC A-RMK-18-Fund
Board & ownershipRecent changes
Resignations: Patrice Decafmeyer (daily management delegate) and Gregory Hédo (daily management delegate)
Gazette deed
2 directors appointed, 2 resignations, 2 reappointments
Resignations: Patrice Decafmeyer (managing director) and Gregory Hédo (managing director) · Appointments: Noémie Drion (managing director) and Gaspard Drion (managing director) · Reappointments: Laurent Drion and Muriel Alhadeff · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464527555
Amendment of the articles
Capital of €3,900,000, 604,956 shares · General meeting of 08-03-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E - MERGE Uccle | €17.1m | -€2.2m | 99.6% | 0 |
| GYAC Auderghem | €17.9m | -€0.1m | 63.4% | 0 |
| GULDENBERG INVESTERINGS - EN PARTICIPATIEMAATSCHAPPIJ Antwerp | €16.4m | -€0.5m | 90.7% | 0 |
| GB BEHEER Kapellen | €16.0m | -€0.09m | 78.0% | 0 |
| BRNG Uccle | €9.8m | -€0.06m | 60.7% | 0 |
| GC INVEST Diepenbeek | €14.8m | -€0.04m | 61.2% | 0 |
| PRESSCONSULT Kalmthout | €16.4m | -€0.4m | 63.9% | 0 |
These companies have the same main activity as E - MERGE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €9.8m and €18m, founded between 1989 and 2004.
Official details
Source: KBO- Status
- Active since 06-11-1998Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.089.621.0151180 Uccle, since 15-12-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Annual accounts 2025
- €17.1m▼ 19.9%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Companies linked to E - MERGE
Subsidiaries and holdings
- E-MERGE SPX90.7%
- E-MERGE SLY83.5%
- E-MERGE GF179.55%
- E-MERGE CB61.75%
- E-MERGE ALS15%
Insights on E - MERGE
E - MERGE has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.0m and a net result of -€2.6m.
Equity grew by about 0.9% per year on average since 2018. In 2025 it fell by 19.3%. Its solvency ranks better than 95% of 3,871 sector peers (NACE 70, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about E - MERGE
- What is the company number of E - MERGE?
- The company number of E - MERGE is 0464.527.555. The VAT number is the same number with BE in front: BE 0464.527.555.
- Where is E - MERGE based?
- The registered office is at Van Beverlaan 4, 1180 Uccle.Company details
- What does E - MERGE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of E - MERGE?
- E - MERGE is a public limited company (NV).
- When was E - MERGE founded?
- E - MERGE was founded on 06-11-1998.
- Is E - MERGE still active?
- Yes, E - MERGE is an active enterprise in the KBO register.
- What is the turnover of E - MERGE?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is E - MERGE profitable?
- In financial year 2025, E - MERGE made a loss of €2.6m.
- Where can I find the annual accounts of E - MERGE?
- E - MERGE filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of E - MERGE due?
- E - MERGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.E - MERGE · 30 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.