ED MERC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €21k and a net result of €1k. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 8018 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8018 sector peers (2025).
NBB · sector comparisonPosition among 8018 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 5 filingsDeviation from the deadline
2025
13 d late
2024
21 d late
2023
28 d early
2022
24 d early
2021
34 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 6.0%
2024 · €19k
2021: €37k
2022: €49k
2023: €17k
2024: €19k
2021 → 2025
Net result
€1k▼ 59.7%
2024 · €3k
2021: €34k
2022: €12k
2023: €-32k
2024: €3k
2021 → 2025
Total assets
€126k▼ 81.9%
2024 · €697k
2021: €91k
2022: €635k
2023: €561k
2024: €697k
2021 → 2025
Solvency
16.3%▲ 13.5pp
2024 · 2.8%
2021: 41.0%
2022: 7.7%
2023: 3.0%
2024: 2.8%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€49k▲ 31.7%€17k▼ 66.2%€19k▲ 17.3%€21k▲ 6.0%
Operating result€46k-€32k▼ 31.1%€-20k€22k€16k▼ 27.2%
Net result€34k-€12k▼ 65.5%€-32k€3k€1k▼ 59.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126k
Fixed assets
€21k▼ 95.9%
Current assets
€105k▼ 41.3%
Equity and liabilities €126k
Equity
€21k▲ 6.0%
Debt
€106k▼ 84.4%
The debt ratio falls from 97.2% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
16.3%▲
2024 · 2.8%
ROE
5.6%▼
2024 · 14.8%
ROA
0.9%▲
2024 · 0.4%
Debt
€106k▼
2024 · €677k
Debt ≤ 1 year
€102k▼
2024 · €322k
Debt > 1 year
€0▼
2024 · €336k
Income taxes
€8k▲
2024 · €5k
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€697k€126k▼
Fixed assets21/28€518k€21k▼
Tangible fixed assets22/27€518k€21k▼
Land and buildings22€490k€4k▼
Plant, machinery and equipment23€1k€767▼
Furniture and vehicles24€28k€16k▼
Current assets29/58€178k€105k▼
Amounts receivable within one year40/41€168k€98k▼
Trade receivables40€8k€0▼
Other amounts receivable41€161k€98k▼
Cash at bank and in hand54/58-€5k
Deferred charges and accrued income490/1€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€697k€126k▼
Equity10/15€19k€21k▲
Contributions10/11€3k€3k=
Reserves13€300€300=
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Profit (loss) carried forward14€16k€17k▲
Amounts payable17/49€677k€106k▼
Amounts payable after more than one year17€336k€0▼
Financial debts170/4€336k€0▼
Amounts payable within one year42/48€322k€102k▼
Current portion of amounts payable after more than one year42€49k€0▼
Financial debts43€5k€0▼
Credit institutions430/8€5k€0▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Advances received on contracts in progress46€8k€3k▼
Taxes, remuneration and social security45€16k€22k▲
Taxes450/3€16k€22k▲
Other amounts payable47/48€241k€72k▼
Accrued charges and deferred income492/3€19k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€780
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€12k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€44k€29k▼
Operating profit (loss)9901€22k€16k▼
Financial income75/76B€11k€2k▼
Recurring financial income75€11k€2k▼
Financial charges65/66B€26k€9k▼
Recurring financial charges65€26k€9k▼
Profit (loss) for the period before taxes9903€7k€9k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€17k▲
Profit (loss) brought forward from the previous period14P€13k€16k▲
The notes to these accounts (17 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-32k ▼375%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2023
Resigned as Director
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2021
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.
Bosvijverdreef 29880 AalterGround area
3,212 m²
Building footprint
349 m²
Volume, LiDAR
1,935 m³
Parcel 44502C0870/00W000, Flanders · tallest building 19.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ED MERC
since 20212.311.284.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0870/00W000 | Flanders | 3,212 m² | 1 · 349 m² | 19.0 m · 2 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 7,490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.