MEERT SERVICES

Active

Private limited companyfounded 199728 yrs activeChemin des Fontaines 13, 7061 Soignies, BelgiumKBO/BCE: BE 0461.948.147

MEERT SERVICES has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 1202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▼-23

Solvency58▲+27

Growth63▲+32

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 2.11 against 0.8 in 2024; short-term debt: 38.7% of total assets), but 67.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32.6%

Return on assets

29.9%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filings

Deviation from the deadline

2025

6 d late

2024

59 d early

2023

28 d late

2022

792 d late

2021

1237 d late

2020

25 d late

2019

1967 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€162k▲ 121%

2024 · €73k

2019: €80k 2022: €45k 2023: €27k 2024: €73k

2019 → 2025

EBIT margin

8.1%▼ 2.4pp

2024 · 10.5%

2019: 1.1% 2022: 34.4% 2023: 12.9% 2024: 10.5%

2019 → 2025

Net result

€13k▲ 112%

2024 · €6k

2018: €12k 2019: €-383 2020: €-24k 2021: €-36k 2022: €13k 2023: €2k 2024: €6k

2018 → 2025

Working capital

€19k

2024 · €-4k

2018: €35k 2019: €27k 2020: €15k 2021: €-11k 2022: €-7k 2023: €-7k 2024: €-4k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€45k€27k▼ 40.0%€73k▲ 169%€162k▲ 121%

Equity€-20k-€-7k▲ 66.1%€-5k▲ 25.5%€1k€15k▲ 1,078%

Operating result€-32k-€16k€4k▼ 77.6%€8k▲ 119%€13k▲ 70.8%

Net result€-36k-€13k€2k▼ 87.0%€6k▲ 264%€13k▲ 112%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 71% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €45k

18.3%

81.7%

Fixed assets €8k▲ 24.7%

Current assets €37k▲ 160%

Equity and liabilities €45k

32.6%

67.4%

Equity €15k▲ 1,078%

Debt €30k▲ 55.6%

The debt ratio falls from 94.0% to 67.4%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15k▲

2024 · €9k

Cash flow

€15k▲

2024 · €8k

Solvency

32.6%▲

2024 · 6.0%

Current ratio

2.11▲

2024 · 0.80

Quick ratio

2.11▲

2024 · 0.75

Debt / equity

2.06▼

2024 · 15.63

ROE

91.5%▼

2024 · 509.1%

ROA

29.9%▼

2024 · 30.6%

Interest coverage

2.75▼

2024 · 7.02

Debt

€30k▲

2024 · €19k

Debt ≤ 1 year

€17k▼

2024 · €18k

Income taxes

€133

Staff costs

€27k▲

2024 · €11k

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€21k€45k▲

Fixed assets21/28€7k€8k▲

Tangible fixed assets22/27€6k€8k▲

Plant, machinery and equipment23€6k€8k▲

Furniture and vehicles24€0-

Financial fixed assets28€270€270=

Current assets29/58€14k€37k▲

Stocks and contracts in progress3€836-

Stocks30/36€836-

Amounts receivable within one year40/41€12k€34k▲

Trade receivables40€11k€22k▲

Other amounts receivable41€983€12k▲

Cash at bank and in hand54/58€787-

Deferred charges and accrued income490/1€458€2k▲

Equity and liabilities

Total equity and liabilities10/49€21k€45k▲

Equity10/15€1k€15k▲

Contributions10/11€25k€25k=

Capital10€25k€25k=

Issued capital100€25k€25k=

Reserves13€7k€7k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Tax-exempt reserves132€5k€5k=

Profit (loss) carried forward14€-31k€-18k▲

Amounts payable17/49€19k€30k▲

Amounts payable within one year42/48€18k€17k▼

Financial debts43€0€1k▲

Credit institutions430/8€0-

Other loans439-€1k

Trade debts44€12k€11k▼

Suppliers440/4€12k€11k▼

Taxes, remuneration and social security45€4k€5k▲

Taxes450/3€3k€5k▲

Remuneration and social security454/9€1k-

Other amounts payable47/48€1k-

Accrued charges and deferred income492/3€2k€13k▲

Income statement Code20242025

Turnover70€73k€162k▲

Goods, raw materials, services and sundry goods60/61€52k€120k▲

Remuneration, social security and pensions62€11k€27k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€452€556▲

Gross operating margin9900€21k€42k▲

Operating profit (loss)9901€8k€13k▲

Financial income75/76B€1€6k▲

Recurring financial income75€1€6k▲

Financial charges65/66B€1k€5k▲

Recurring financial charges65€1k€5k▲

Profit (loss) for the period before taxes9903€6k€14k▲

Income taxes67/77-€133

Profit (loss) for the period9904€6k€13k▲

Profit (loss) for the period to be appropriated9905€6k€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-31k€-18k▲

Profit (loss) brought forward from the previous period14P€-37k€-31k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 6 days late

2025

31-12

Financial Highest result since 2018net €13k ▲112%

Net result €13k, the highest in the series.

31-12

Financial Liquidity triplescurrent ratio 2.11

Current ratio from 0.80 to 2.11; short-term debt falls from €18k to €17k.

19-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1237 days late

19-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 1967 days late

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 792 days late

02-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2022

31-12

Financial Back to profitnet €13k

Net result €13k after 3 loss-making years.

2021

31-12

Financial Weakest financial yearnet €-36k

Net result drops to €-36k, the lowest in the series; recovery starts the following year.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2019

13-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 105 days late

2018

24-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 24 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

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 2021

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.

01-10-2021 Stéphanie MEERT: Resigned as Managing director

01-09-2020 MEERT Adrien: Resigned as Managing director

20-08-2014 Christophe Meert: Resigned as Managing director

Location & real-estate footprint

Registered office, Soignies · 1 establishment unit since 1997

establishment The establishment unit on the map

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.

Chemin des Fontaines 137061 Soignies

Ground area

1,090 m²

Building footprint