Maatwerk Mertens
ActiveMaatwerk Mertens has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94k and a net result of €15k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 7425 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+24
Solvency84▼-5
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.68 in 2023), and 49.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 24-07-2025, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
1 d early
2022
4 d late
2021
41 d early
2020
15 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€94k▲ 18.2%
2023 · €80k
2018: €25k
2019: €39k
2020: €41k
2021: €56k
2022: €71k
2023: €80k
2018 → 2024
Total assets
€188k▲ 26.0%
2023 · €149k
2018: €54k
2019: €113k
2020: €103k
2021: €120k
2022: €152k
2023: €149k
2018 → 2024
Net result
€15k▲ 73.4%
2023 · €8k
2018: €19k
2019: €14k
2020: €3k
2021: €15k
2022: €15k
2023: €8k
2018 → 2024
Working capital
€47k▲ 2.8%
2023 · €46k
2018: €21k
2019: €8k
2020: €12k
2021: €28k
2022: €41k
2023: €46k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€56k▲ 35.7%€71k▲ 27.0%€80k▲ 11.7%€94k▲ 18.2%
Operating result€6k-€23k▲ 313%€24k▲ 2.3%€18k▼ 24.4%€27k▲ 53.2%
Net result€3k-€15k▲ 434%€15k▲ 2.8%€8k▼ 44.8%€15k▲ 73.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 53% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €188k
Fixed assets
€48k▲ 33.7%
Current assets
€139k▲ 23.6%
Equity and liabilities €188k
Equity
€94k▲ 18.2%
Debt
€93k▲ 35.0%
The debt ratio rises from 46.5% to 49.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€38k▲
2023 · €26k
Cash flow
€25k▲
2023 · €17k
Solvency
50.2%▼
2023 · 53.5%
Current ratio
1.51▼
2023 · 1.68
Quick ratio
1.51▼
2023 · 1.68
Debt / equity
0.99▲
2023 · 0.87
ROE
15.4%▲
2023 · 10.5%
ROA
7.7%▲
2023 · 5.6%
Interest coverage
5.59▲
2023 · 4.96
Debt
€93k▲
2023 · €69k
Debt ≤ 1 year
€92k▲
2023 · €67k
Debt > 1 year
€0▼
2023 · €1k
Income taxes
€7k▲
2023 · €4k
Staff costs
€13k▼
2023 · €44k
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€149k€188k▲
Fixed assets21/28€36k€48k▲
Tangible fixed assets22/27€36k€48k▲
Plant, machinery and equipment23€15k€28k▲
Furniture and vehicles24€8k€9k▲
Other tangible fixed assets26€13k€11k▼
Current assets29/58€113k€139k▲
Amounts receivable within one year40/41€61k€84k▲
Trade receivables40€15k€34k▲
Other amounts receivable41€46k€50k▲
Cash at bank and in hand54/58€48k€53k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€149k€188k▲
Equity10/15€80k€94k▲
Contributions10/11€6k€6k=
Reserves13€73k€88k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€73k€88k▲
Amounts payable17/49€69k€93k▲
Amounts payable after more than one year17€1k€0▼
Financial debts170/4€1k€0▼
Amounts payable within one year42/48€67k€92k▲
Current portion of amounts payable after more than one year42€4k€1k▼
Trade debts44€5k€23k▲
Suppliers440/4€5k€23k▲
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€9k€0▼
Other amounts payable47/48€44k€64k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Remuneration, social security and pensions62€44k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€72k€52k▼
Operating profit (loss)9901€18k€27k▲
Financial income75/76B€13€818▲
Recurring financial income75€13€818▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€13k€21k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€8k€15k▲
Profit (loss) for the period to be appropriated9905€8k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€15k▲
Transfer to equity691/2€8k€15k▲
To other reserves6921€8k€15k▲
Social balance
Average headcount (FTE)90871.00.0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼79.8%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Putte · 1 establishment unit since 2017
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.
Liersesteenweg 2832580 PutteGround area
2,521 m²
Building footprint
1,343 m²
Volume, LiDAR
9,126 m³
Parcel 12001A0501/00P002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maatwerk Mertens
since 20172.269.746.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001A0501/00P002 | Flanders | 2,521 m² | 1 · 1,343 m² | 8.1 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 19,947 companies in sector 43320 we hold annual accounts for 9,086. 7,654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2017
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
43332Laying of wooden floor and wall coverings
43343Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.