MER DU SUD
ActiveSummary
MER DU SUD has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €663k and a net result of €69k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-2
Solvency88▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.11 against 3.06 in 2024; short-term debt: 28.2% and cash: 75.7% of total assets), and 36.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.2%
Return on assets
6.6%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
10 d early
2023
2 d early
2022
47 d early
2021
41 d early
2020
2 d early
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.63M
EBIT margin
18.3%
Net result
€69k▼ 11.1%
2024 · €78k
2019: €34k
2020: €196k
2021: €25k
2022: €110k
2023: €79k
2024: €78k
2019 → 2025
Working capital
€626k▲ 1.6%
2024 · €616k
2019: €213k
2020: €383k
2021: €402k
2022: €503k
2023: €570k
2024: €616k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€420k-€518k▲ 23.4%€575k▲ 11.0%€606k▲ 5.4%€663k▲ 9.4%
Operating result€39k-€182k▲ 367%€130k▼ 28.8%€124k▼ 4.2%€83k▼ 33.4%
Net result€25k-€110k▲ 347%€79k▼ 27.9%€78k▼ 1.8%€69k▼ 11.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€127k ▲ 64,663%
Current assets
€923k ▲ 0.7%
Equity and liabilities €1.05M
Equity
€663k ▲ 9.4%
Debt
€386k ▲ 24.5%
Debt's share of the balance-sheet total rises from 33.9% to 36.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€95k▼
2024 · €145k
Cash flow
€81k▼
2024 · €98k
Current ratio
3.11▲
2024 · 3.06
Quick ratio
2.97▲
2024 · 2.83
Debt to equity
0.58▲
2024 · 0.51
ROE
10.4%▼
2024 · 12.8%
ROA
6.6%▼
2024 · 8.5%
Interest coverage
14.91▲
2024 · 12.07
Debt ≤ 1 year
€296k▼
2024 · €300k
Debt > 1 year
€88k
Income taxes
€12k▼
2024 · €35k
Staff costs
€113k▼
2024 · €121k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€916k€1.05M▲
Fixed assets21/28€196€127k▲
Tangible fixed assets22/27€196€127k▲
Furniture and vehicles24€196€127k▲
Current assets29/58€916k€923k▲
Stocks and contracts in progress3€69k€42k▼
Stocks30/36€69k€42k▼
Amounts receivable within one year40/41€73k€79k▲
Trade receivables40€68k€79k▲
Other amounts receivable41€5k-
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€766k€795k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€916k€1.05M▲
Equity10/15€606k€663k▲
Contributions10/11€19k€19k=
Reserves13€431k€489k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€430k€487k▲
Profit (loss) carried forward14€156k€156k=
Amounts payable17/49€310k€386k▲
Amounts payable after more than one year17-€88k
Financial debts170/4-€88k
Amounts payable within one year42/48€300k€296k▼
Current portion of amounts payable after more than one year42€12k€27k▲
Trade debts44€242k€225k▼
Suppliers440/4€242k€225k▼
Taxes, remuneration and social security45€45k€44k▼
Taxes450/3€25k€25k▼
Remuneration and social security454/9€21k€19k▼
Other amounts payable47/48-€722
Accrued charges and deferred income492/3€10k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€121k€113k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-5k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€279k€205k▼
Operating profit (loss)9901€124k€83k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€12k€6k▼
Recurring financial charges65€12k€6k▼
Profit (loss) for the period before taxes9903€113k€81k▼
Income taxes67/77€35k€12k▼
Profit (loss) for the period9904€78k€69k▼
Profit (loss) for the period to be appropriated9905€78k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233k€225k▼
Profit (loss) brought forward from the previous period14P€156k€156k▲
Transfer from equity791/2€47k€12k▼
Transfer to equity691/2€77k€69k▼
To other reserves6921€77k€69k▼
Profit to be distributed694/7€47k€12k▼
Return on contributions (dividend)694€47k€12k▼
Social balance
Average headcount (FTE)90871.9-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €500kEq €518k ▲23.4%
4 profitable years in a row build equity to €518k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €25k ▼87.5%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €196k ▲472%
Operating result €299k, net result €196k, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Anderlecht · 1 establishment unit since 2004
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.
Barastraat 1531070 AnderlechtGround area
5,867 m²
Building footprint
1,320 m²
Volume, LiDAR
14,735 m³
Parcel 21305C0328/00N006, Brussels · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MER DU SUD
since 20042.144.681.579
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0328/00N006 | Brussels | 5,867 m² | 1 · 1,320 m² | 14.2 m · 4 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.
Similar companies · same sector, comparable size
DEVENTRADE BELGIUM
BE 0462.346.639
Leuven · Eq €663k
Van der Meiren
BE 0452.213.802
Zottegem · Eq €658k
KARAKTER FASHION
BE 0891.467.513
Halle · Eq €650k
PIERMI
BE 0450.620.725
Wavre · Eq €635k
MANO
BE 0428.325.868
Antwerpen · Eq €633k
Of 687 companies in sector 46412 we hold annual accounts for 517. 367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2004
Fiscal year end30-06
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.