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MEERSMAN

Active
Public limited companyfounded 1989active for 37 yearsKasteelstraat 44, 1730 Asse, BelgiumKBO/BCE: BE 0436.970.449
Summary

MEERSMAN has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€344,919) and a net result of -€38,673. Equity is shrinking by about 4.3% per year across the filed financial years. Its solvency ranks better than 6% of 12,482 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Retail sale of motor vehicle parts and accessories
NACE 47820Freight transport by road NACE 49410
1 site
Size
€698,755total assets 2025
Staff
1 FTE
Equity
-€344,919
Loss
-€38,673
Turnover not published (abbreviated or micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Accounts filed 31 days late0 of 5 deeds read
Why 54raises riskCapped at 59: negative equityNegative equity -€344,919Loss of €38,673 (financial year 2025)Sector: Retail trade (NACE 47)lowers riskSize: total assets €698,755Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 47, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -49.4% of total assets
Liquidity 35+1
short-term debt 46.1% · cash 6.2%
Profitability 43-29
return on assets -5.5%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,188 companies, NACE 47, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -1.1 percentage points vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025lowest value 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.5 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.21, compared with 0.11 in 2024; short-term debt: 46.1% and cash: 6.2% of total assets), and equity is negative.
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 47, micro): better than 6% on solvency, 32% on liquidity, 32% on profitability and 24% on growth.

The bankruptcy probability was computed on 09-10-2026 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 risk+raises risk○neutral
lowers risk · Size: total assets €698,755
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€344,919
NBB · annual accounts
raises risk · Loss of €38,673 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€344,919
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
28 days late
2023
30 days late
2022
29 days late
2021
31 days late
2020
30 days late
2019
83 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 37 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Back to profitnet €20,554

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€344,919 View
  • Caution: From profit to loss in 2025after €20,554 in 2024 -€38,673 View
  • Caution: Among the weakest 5% on equitysector median €239,188 · 12,494 companies -€344,919 View

By topic

Financials

Financial year
2025
Total assets
€698,755
Loss
-€38,673
Solvency
-49.4%
Total assets▼ 7.5%
Net result
20182025
Go to Financials

Timeline

Events
40
Since
1990
Next accounts
by 31-07-2027
  1. 30-08-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 29-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of motor vehicle parts and accessoriesNACE 47820
Founded
10-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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