MEERFUN
ActiveThe computed 12-month bankruptcy probability of MEERFUN is 1.5% (moderate). The 2024 annual accounts show equity of €322k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 18944 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-28
Solvency71▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.54 in 2023; short-term debt: 53.7% and cash: 4.3% of total assets), and 53.7% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €322k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
71 d late
2022
437 d late
2021
108 d late
2020
88 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€322k▲ 6.7%
2023 · €302k
2018: €-17k
2019: €90k
2020: €56k
2021: €5k
2022: €63k
2023: €302k
2018 → 2024
Total assets
€695k▼ 20.6%
2023 · €875k
2018: €115k
2019: €184k
2020: €164k
2021: €581k
2022: €620k
2023: €875k
2018 → 2024
Net result
€20k▼ 91.6%
2023 · €239k
2018: €24k
2019: €107k
2020: €6k
2021: €-51k
2022: €58k
2023: €239k
2018 → 2024
Working capital
€-207k▲ 13.3%
2023 · €-238k
2018: €-93k
2019: €10k
2020: €-10k
2021: €-456k
2022: €-424k
2023: €-238k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€5k▼ 90.5%€63k▲ 1,091%€302k▲ 376%€322k▲ 6.7%
Operating result€-44k-€-33k▲ 26.5%€59k€244k▲ 311%€61k▼ 74.8%
Net result€6k-€-51k€58k€239k▲ 311%€20k▼ 91.6%
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 2024; 2024 is 75% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €695k
Fixed assets
€529k▼ 10.6%
Current assets
€166k▼ 41.4%
Equity and liabilities €695k
Equity
€322k▲ 6.7%
Debt
€373k▼ 34.9%
The debt ratio falls from 65.5% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128k▼
2023 · €313k
Cash flow
€87k▼
2023 · €308k
Solvency
46.3%▲
2023 · 34.5%
Current ratio
0.45▼
2023 · 0.54
Quick ratio
0.45▼
2023 · 0.54
Debt / equity
1.16▼
2023 · 1.90
ROE
6.2%▼
2023 · 79.0%
ROA
2.9%▼
2023 · 27.3%
Interest coverage
17.74▼
2023 · 126.67
Debt
€373k▼
2023 · €573k
Debt ≤ 1 year
€373k▼
2023 · €522k
Income taxes
€34k▲
2023 · €3k
Staff costs
€143k▲
2023 · €134k
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€875k€695k▼
Fixed assets21/28€591k€529k▼
Intangible fixed assets21€1k€888▼
Tangible fixed assets22/27€559k€497k▼
Land and buildings22€25k€23k▼
Plant, machinery and equipment23€26k€17k▼
Furniture and vehicles24€1k€5k▲
Other tangible fixed assets26€507k€452k▼
Financial fixed assets28€31k€31k=
Current assets29/58€284k€166k▼
Amounts receivable within one year40/41€268k€131k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€259k€128k▼
Cash at bank and in hand54/58€14k€30k▲
Deferred charges and accrued income490/1€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€875k€695k▼
Equity10/15€302k€322k▲
Contributions10/11€7k€7k=
Reserves13€295k€315k▲
Distributable reserves133€295k€315k▲
Amounts payable17/49€573k€373k▼
Amounts payable within one year42/48€522k€373k▼
Trade debts44€58k€51k▼
Suppliers440/4€58k€51k▼
Taxes, remuneration and social security45€105k€80k▼
Taxes450/3€83k€58k▼
Remuneration and social security454/9€23k€22k▼
Other amounts payable47/48€359k€243k▼
Accrued charges and deferred income492/3€51k-
Income statement
Code20232024
Remuneration, social security and pensions62€134k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€67k▼
Other operating charges640/8€9k€7k▼
Gross operating margin9900€456k€279k▼
Operating profit (loss)9901€244k€61k▼
Financial income75/76B€203€0▼
Recurring financial income75€203€0▼
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€241k€54k▼
Income taxes67/77€3k€34k▲
Profit (loss) for the period9904€239k€20k▼
Profit (loss) for the period to be appropriated9905€239k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€236k€20k▼
Profit (loss) brought forward from the previous period14P€-2k-
Transfer to equity691/2€236k€20k▼
To other reserves6921€236k€20k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 437 days late
2023
31-12
Financial
Highest result since 2018net €239k ▲311%
Operating result €244k, net result €239k, both a record.
31-12
Financial
Equity above €200kEq €302k ▲376%
2 profitable years in a row build equity to €302k.
2022
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-12
Financial
Weakest financial yearnet €-51k ▼975%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.11
Current ratio from 0.29 to 1.11; short-term debt falls from €132k to €94k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Hoogstraten · 1 establishment unit since 2012
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.
John Lijsenstraat 262321 HoogstratenGround area
728 m²
Building footprint
525 m²
Volume, LiDAR
2,147 m³
Parcel 13020C0740/00M000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Club Amai
since 20122.208.094.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020C0740/00M000 | Flanders | 728 m² | 1 · 525 m² | 8.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 24,966 EUR awarded · 24,966 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -13,424 EUR | 1,932 EUR |
| 2023 | 1 | 38,390 EUR | 23,034 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoogstraten2.208.094.736
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 2,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2011
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.