Mermet Europe

Active

Private limited companyfounded 2008active for 18 yearsRijksweg 125, 8531 Harelbeke, BelgiumKBO/BCE: BE 0896.806.075

Summary

Mermet Europe has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.2m and a net result of €1.1m. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 20% of 3,849 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

Mermet EuropeActiveChecked score 81/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200Wholesale trade NACE 46419

2nd largest company by total assets in Harelbeke, Professional and technical services sector1 site

Size

€63.9mturnover 2025

Staff: 5.9 FTE
Equity: €11.2m
Profit: €1.1m

Financial health

81 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: Hunter Douglas Belgium · 99.97%
Holdings: 2

Frederikus HassingChair
Luke Antunes do ValeDirector

Auditor: EY Bedrijfsrevisoren BVAccounts 7 days early

Why 81raises riskLiquidity: current ratio 0.76, cash €250,000Equity €11.2m (17.6% of total assets)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: turnover €63.9m, 5.9 FTE, total assets €63.4mShow the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 31% of its sector peers (NACE 70, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 43-7

equity 17.6% of total assets

Liquidity 5-5

short-term debt 82.3% · cash 0.4%

Profitability 37+11

return on assets 1.7%

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 0.1% (48,416 companies, NACE 70, micro)

Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 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%● unchanged 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 12-2025 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: 0.4%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026highest value

Credit of up to €900,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.76, compared with 0.66 in 2024, below 1; short-term debt: 82.3% and cash: 0.4% of total assets), and 82.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 22% on solvency, 4% on liquidity, 18% on profitability and 78% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.76, cash €250,000

NBB · annual accounts

Equity €11.2m (17.6% of total assets)

NBB · annual accounts

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Size: turnover €63.9m, 5.9 FTE, total assets €63.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3849 sector peers (2025).

NBB · sector comparison

Position among 3849 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

7 days early

2024

32 days early

2023

33 days early

2022

40 days early

2021

44 days early

2020

36 days early

2019

17 days late

← 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 25 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

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 29 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-09-2026 Permanent representative: Leen DefoerAppointment: EY Bedrijfsrevisoren BV (statutory…
24-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Back to profitnet €1.1m

Key points

Positive: Turnover rose in 2025from €745,515 to €63.9m ▲ 8,475% View
Positive: 2nd largest company by total assets in Harelbeke, Professional and technical services…in the Checked rankings No. 2 View
Controlled by Hunter Douglas Belgiumknown shareholders 100% 99.97% View
Board changedlatest change 30-12-2025 · 2 in office 1 joined · 1 left View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year: 2025
Turnover: €63.9m
Profit: €1.1m
Solvency: 17.6%

Turnover▲ 8,475%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members
Parent: Hunter Douglas Belgium · 99.97%
Known shareholders: 100%
Auditor: EY Bedrijfsrevisoren BV

Frederikus HassingChair
Luke Antunes do ValeDirector

Go to Board & ownership

Network & group

Group: HUNTER DOUGLAS HOLDINGS ltd.
Subsidiaries: 2
Mergers and asset contributions: 2

2 subsidiaries

Go to Network & group

Timeline

Events: 39
Since: 2008
Next accounts: by 31-07-2027

30-12-2025Resignation: Philippe Hertegonne (director)
29-06-2025Annual accounts filed
16-01-2025Resignation: Hunter Douglas Belgium (director)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Business and other management consultancyNACE 70200
Founded: 25-03-2008
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 13

Who signs: Each director alone
Purpose: “Distributie van stoffen, horren en raambekledingsproducten als distributeur met een…” (deed in Dutch)

Go to Articles of association

Key facts about Mermet Europe

What is the company number of Mermet Europe?: 0896.806.075. In Belgium the VAT number is the company number with BE in front: BE 0896.806.075.
Where is Mermet Europe based?: The registered office is at Rijksweg 125, 8531 Harelbeke.Company details
What does Mermet Europe do?: According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of Mermet Europe?: Private limited company (BV).
When was Mermet Europe founded?: On 25-03-2008.
Is Mermet Europe still active?: Yes, Mermet Europe is an active enterprise in the KBO register.
How many employees does Mermet Europe have?: On average 5.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Mermet Europe?: €63.9m in financial year 2025, according to the filed annual accounts.
Is Mermet Europe profitable?: In financial year 2025, Mermet Europe made a profit of €1.1m.
Where can I find the annual accounts of Mermet Europe?: Mermet Europe filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Mermet Europe due?: By 31-07-2027, for financial year 2026.Timeline