MER UNION
ActiveMER UNION has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-485k) and a net result of €153k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 649 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
13
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+5
Solvency40▲+1
Growth78▼-3
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.75 in 2024), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 649 sector peers (2025).
NBB · sector comparisonPosition among 649 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
38 d early
2023
44 d early
2022
42 d early
2021
41 d early
2020
26 d early
2019
on the day
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.19M▼ 1.7%
2024 · €7.31M
2018: €2.94M
2019: €3.89M
2020: €3.41M
2021: €2.77M
2022: €9.58M
2023: €9.68M
2024: €7.31M
2018 → 2025
EBIT margin
2.7%▲ 1.6pp
2024 · 1.1%
2018: -27.3%
2019: 0.7%
2020: 0.2%
2021: 0.7%
2022: -0.2%
2023: 2.4%
2024: 1.1%
2018 → 2025
Net result
€153k▲ 1,124%
2024 · €13k
2018: €-833k
2019: €4k
2020: €9k
2021: €5k
2022: €6k
2023: €170k
2024: €13k
2018 → 2025
Working capital
€-415k▲ 31.7%
2024 · €-608k
2018: €-736k
2019: €-193k
2020: €-674k
2021: €-806k
2022: €-821k
2023: €610k
2024: €-608k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.77M-€9.58M▲ 246%€9.68M▲ 1.1%€7.31M▼ 24.4%€7.19M▼ 1.7%
Equity€-826k-€-821k▲ 0.7%€-650k▲ 20.7%€-638k▲ 1.9%€-485k▲ 24.0%
Operating result€20k-€-17k€233k€80k▼ 65.7%€196k▲ 145%
Net result€5k-€6k▲ 8.4%€170k▲ 2,824%€13k▼ 92.6%€153k▲ 1,124%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 145% above 2024.
Key figures and ratios
Solvency
-27.6%▲
2024 · -34.2%
Current ratio
0.81▲
2024 · 0.75
Quick ratio
0.81▲
2024 · 0.75
Debt / equity
-4.63▼
2024 · -3.92
ROE
-31.6%▼
2024 · -2.0%
ROA
8.7%▲
2024 · 0.7%
Debt
€2.24M▼
2024 · €2.50M
Debt ≤ 1 year
€2.17M▼
2024 · €2.47M
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€1.86M€1.76M▼
Current assets29/58€1.86M€1.76M▼
Amounts receivable within one year40/41€1.76M€602k▼
Trade receivables40€1.75M€600k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€30k€136k▲
Deferred charges and accrued income490/1€77k€1.02M▲
Equity and liabilities
Total equity and liabilities10/49€1.86M€1.76M▼
Equity10/15€-638k€-485k▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€50k€50k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Profit (loss) carried forward14€-1.19M€-1.03M▲
Amounts payable17/49€2.50M€2.24M▼
Amounts payable within one year42/48€2.47M€2.17M▼
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€1.97M€1.51M▼
Suppliers440/4€1.97M€1.51M▼
Other amounts payable47/48-€162k
Accrued charges and deferred income492/3€30k€70k▲
Income statement
Code20242025
Turnover70€7.31M€7.19M▼
Goods, raw materials, services and sundry goods60/61€7.25M€6.99M▼
Other operating charges640/8€118€120▲
Gross operating margin9900€80k€197k▲
Operating profit (loss)9901€80k€196k▲
Financial income75/76B€3k€242▼
Recurring financial income75€3k€242▼
Financial charges65/66B€70k€43k▼
Recurring financial charges65€70k€43k▼
Profit (loss) for the period before taxes9903€13k€153k▲
Profit (loss) for the period9904€13k€153k▲
Profit (loss) for the period to be appropriated9905€13k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.19M€-1.03M▲
Profit (loss) brought forward from the previous period14P€-1.20M€-1.19M▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €170k ▲2824%
Operating result €233k, net result €170k, both a record.
31-12
Financial
Liquidity times 20current ratio 1.78
Current ratio from 0.09 to 1.78; short-term debt falls from €903k to €778k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 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 2025
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.
23-09-2025
Jean-Daniël Clotagatide: Resigned as Director
19-04-2018
Abdoullah Ravate: Resigned as Director
21-05-2015
Olivier Carré: Resigned as Director
31-12-2010
J. Van den Hende: Resigned as Director
31-12-2010
J. Van den Hende: Resigned as Managing director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
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.
Ouland 32030 AntwerpenGround area
2.8 ha
Building footprint
2.8 ha
Volume, LiDAR
239,752 m³
2 parcels, Flanders · tallest building 21.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MER UNION
since 20062.151.927.182
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1794/00F000 | Flanders | 1.8 ha | 1 · 1.8 ha | 21.0 m · 3 fl. |
| 11807G1828/00E000indicative | Flanders | 1.0 ha | 1 · 1.0 ha | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
Ahlers Logistics
BE 0437.084.869
Antwerpen
AIT Worldwide Logistics Belgium
BE 0404.527.810
Antwerpen
ANTWERP CUSTOMS SERVICES
BE 0422.747.774
Antwerpen
ArcelorMittal Logistics Belgium
BE 0404.545.824
Antwerpen
BELFOR LOGISTICS
BE 0454.329.291
Antwerpen
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 3,176 companies in sector 52250 we hold annual accounts for 1,943.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-02-2006
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.