Meram
ActiveSummary
Meram has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €756,551. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 4238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency62▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.82 in 2024; short-term debt: 51.3% and cash: 37.5% of total assets), and 63.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
36.5%
Return on assets
17.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
30 d late
2023
29 d late
2022
42 d late
2021
10 d late
2020
9 d late
2019
119 d 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 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€756,551▼ 41.4%
2024 · €1.3m
Working capital
€409,828
2024 · -€662,839
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€116,428▼ 64.7%€239,142▲ 105%€742,882▲ 211%€1.8m▲ 143%€1.1m▼ 40.9%
Net result€42,644within the sector's middle half▼ 92.3%€142,993above the sector's middle half▲ 235%€499,995above the sector's middle half▲ 250%€1.3mabove the sector's middle half▲ 158%€756,551above the sector's middle half▼ 41.4%
Equity€440,580within the sector's middle half▲ 10.7%€583,574within the sector's middle half▲ 32.5%€708,569above the sector's middle half▲ 21.4%€839,235within the sector's middle half▲ 18.4%€1.6mabove the sector's middle half▲ 90.1%
Total assets€2.4mabove the sector's middle half▲ 13.1%€2.4mabove the sector's middle half▼ 1.1%€2.7mabove the sector's middle half▲ 14.0%€4.9mabove the sector's middle half▲ 80.0%€4.4mabove the sector's middle half▼ 11.1%
Debt€2.0m▲ 13.7%€1.8m▼ 8.6%€2.0m▲ 11.7%€4.1m▲ 102%€2.8m▼ 32.0%
Working capital-€485,397below the sector's middle half▲ 5.8%-€400,702below the sector's middle half▲ 17.4%-€414,054below the sector's middle half▼ 3.3%-€662,839below the sector's middle half▼ 60.1%€409,828within the sector's middle half
Solvency18.2%within the sector's middle half▼ 0.4pp24.4%within the sector's middle half▲ 6.2pp26.0%within the sector's middle half▲ 1.6pp17.1%within the sector's middle half▼ 8.9pp36.5%within the sector's middle half▲ 19.5pp
Current ratio0.58below the sector's middle half▲ 0.050.66below the sector's middle half▲ 0.080.74below the sector's middle half▲ 0.080.82below the sector's middle half▲ 0.081.18within the sector's middle half▲ 0.36
Return on assets (ROA)1.8%within the sector's middle half▼ 24.2pp6.0%within the sector's middle half▲ 4.2pp18.3%above the sector's middle half▲ 12.3pp26.3%above the sector's middle half▲ 7.9pp17.3%above the sector's middle half▼ 9.0pp
Staff (FTE)16.4above the sector's middle half▲ 24.2%13.4above the sector's middle half▼ 18.3%18.9above the sector's middle half▲ 41.0%22.5above the sector's middle half▲ 19.0%22.8above the sector's middle half▲ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +158% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€1.7m ▼ 10.5%
Current assets
€2.7m ▼ 11.5%
Equity and liabilities €4.4m
Equity
€1.6m ▲ 90.1%
Debt
€2.8m ▼ 32.0%
Debt's share of the balance-sheet total falls from 82.9% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.4m▼
2024 · €2.1m
Cash flow
€1.1m▼
2024 · €1.5m
Quick ratio
1.01▲
2024 · 0.72
Debt to equity
1.74▼
2024 · 4.85
ROE
47.4%▼
2024 · 153.8%
Interest coverage
12.93▼
2024 · 21.75
Debt ≤ 1 year
€2.2m▼
2024 · €3.7m
Debt > 1 year
€529,129▲
2024 · €414,001
Income taxes
€250,000▼
2024 · €457,782
Staff costs
€912,062▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €608,091 | €482,784 | €797,937 | €1.1m | €912,062 | ▼ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €202,126 | €220,578 | €224,166 | €255,047 | €323,188 | ▲ 26.7% |
| Other operating charges640/8 | €11,160 | €27,110 | €17,973 | €138,729 | €11,391 | ▼ 91.8% |
| Gross operating margin9900 | €937,805 | €969,614 | €1.8m | €3.3m | €2.3m | ▼ 30.7% |
| Operating profit (loss)9901 | €116,428 | €239,142 | €742,882 | €1.8m | €1.1m | ▼ 40.9% |
| Financial income75/76B | €260 | - | €811 | €37,263 | €46,156 | ▲ 23.9% |
| Recurring financial income75 | €260 | - | €811 | €37,263 | €46,156 | ▲ 23.9% |
| Financial charges65/66B | €45,045 | €44,762 | €63,046 | €94,779 | €107,564 | ▲ 13.5% |
| Recurring financial charges65 | €45,045 | €44,762 | €63,046 | €94,779 | €107,564 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €71,644 | €194,380 | €680,647 | €1.7m | €1.0m | ▼ 42.4% |
| Income taxes67/77 | €29,000 | €51,387 | €180,652 | €457,782 | €250,000 | ▼ 45.4% |
| Profit (loss) for the period9904 | €42,644 | €142,993 | €499,995 | €1.3m | €756,551 | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | €42,644 | €142,993 | €499,995 | €1.3m | €756,551 | ▼ 41.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.4m | €2.7m | €4.9m | €4.4m | ▼ 11.1% |
| Fixed assets21/28 | €1.8m | €1.6m | €1.5m | €1.9m | €1.7m | ▼ 10.5% |
| Intangible fixed assets21 | €29,845 | €19,850 | €9,855 | €643 | €49 | ▼ 92.4% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.5m | €1.7m | €1.7m | ▼ 1.7% |
| Land and buildings22 | €212,776 | €205,812 | €198,849 | €191,885 | €184,921 | ▼ 3.6% |
| Plant, machinery and equipment23 | €890,892 | €808,524 | €834,207 | €944,660 | €919,062 | ▼ 2.7% |
| Furniture and vehicles24 | €62,942 | €45,682 | €28,421 | €153,243 | €116,827 | ▼ 23.8% |
| Leasing and similar rights25 | €125,657 | €109,785 | €93,912 | €78,040 | €62,167 | ▼ 20.3% |
| Other tangible fixed assets26 | €406,300 | €391,049 | €347,491 | €345,129 | €401,413 | ▲ 16.3% |
| Financial fixed assets28 | €26,475 | €26,475 | €26,475 | €202,475 | €30,646 | ▼ 84.9% |
| Current assets29/58 | €663,710 | €785,291 | €1.2m | €3.0m | €2.7m | ▼ 11.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €206,829 | - |
| Other amounts receivable291 | - | - | - | - | €206,829 | - |
| Stocks and contracts in progress3 | €321,587 | €329,750 | €341,500 | €352,600 | €387,600 | ▲ 9.9% |
| Stocks30/36 | €321,587 | €329,750 | €341,500 | €352,600 | €387,600 | ▲ 9.9% |
| Amounts receivable within one year40/41 | €164,726 | €151,960 | €327,294 | €1.4m | €338,654 | ▼ 76.2% |
| Trade receivables40 | €122,826 | €66,806 | €272,229 | €411,005 | - | - |
| Other amounts receivable41 | €41,900 | €85,154 | €55,065 | €1.0m | €338,654 | ▼ 66.5% |
| Cash at bank and in hand54/58 | €177,397 | €287,464 | €519,527 | €1.2m | €1.6m | ▲ 39.5% |
| Deferred charges and accrued income490/1 | - | €16,117 | €775 | €46,121 | €79,786 | ▲ 73.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.7m | €4.9m | €4.4m | ▼ 11.1% |
| Equity10/15 | €440,580 | €583,574 | €708,569 | €839,235 | €1.6m | ▲ 90.1% |
| Contributions10/11 | €18,700 | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Capital10 | €18,700 | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Issued capital100 | €18,700 | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Reserves13 | €1,870 | €1,870 | €1,870 | €1,870 | €1.6m | ▲ 84,236% |
| Non-distributable reserves130/1 | €1,870 | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Legal reserve130 | €1,870 | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Distributable reserves133 | - | - | - | - | €1.6m | - |
| Profit (loss) carried forward14 | €420,010 | €563,004 | €687,999 | €818,665 | - | - |
| Amounts payable17/49 | €2.0m | €1.8m | €2.0m | €4.1m | €2.8m | ▼ 32.0% |
| Amounts payable after more than one year17 | €828,911 | €622,900 | €416,586 | €414,001 | €529,129 | ▲ 27.8% |
| Financial debts170/4 | €828,911 | €622,900 | €416,586 | €414,001 | €529,129 | ▲ 27.8% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.6m | €3.7m | €2.2m | ▼ 38.7% |
| Current portion of amounts payable after more than one year42 | €214,043 | €317,561 | €309,854 | €302,679 | €430,209 | ▲ 42.1% |
| Financial debts43 | €719 | €719 | €719 | €719 | - | - |
| Credit institutions430/8 | €719 | €719 | €719 | €719 | - | - |
| Trade debts44 | €659,546 | €664,839 | €902,858 | €1.4m | €1.2m | ▼ 11.6% |
| Suppliers440/4 | €659,546 | €664,839 | €902,858 | €1.4m | €1.2m | ▼ 11.6% |
| Taxes, remuneration and social security45 | €250,119 | €202,875 | €386,979 | €1.0m | €619,287 | ▼ 39.2% |
| Taxes450/3 | €150,744 | €118,952 | €289,063 | €907,223 | €472,382 | ▼ 47.9% |
| Remuneration and social security454/9 | €99,375 | €83,923 | €97,916 | €111,715 | €146,905 | ▲ 31.5% |
| Other amounts payable47/48 | €24,680 | - | €2,739 | €986,441 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,644 | €142,993 | €499,995 | €1.3m | €756,551 | ▼ 41.4% |
| + Depreciation and write-downs630 | €202,126 | €220,578 | €224,166 | €255,047 | €323,188 | ▲ 26.7% |
| Operating cash flow (approximation) | €244,770 | €363,571 | €724,162 | €1.5m | €1.1m | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | -€72,866 | -€156,200 | -€631,911 | -€122,199 | ▲ 80.7% |
| Change in cash | - | €110,067 | €232,063 | €655,979 | €463,927 | ▼ 29.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1mEq €1.6m ▲90.1%
7 profitable years in a row build equity to €1.6m.
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2019net €1.3m ▲158%
Operating result €1.8m, net result €1.3m, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
31-12
Financial
Equity above €500,000Eq €583,574 ▲32.5%
4 profitable years in a row build equity to €583,574.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Equity above €200,000Eq €397,937 ▲1,107%
2 profitable years in a row build equity to €397,937.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antwerpen · 2 establishment units since 2018
Ground area
9.8 ha
Building footprint
1.4 ha
Volume, LiDAR
34,290 m³
2 parcels, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Merim supermarkt
since 20182.274.808.960
Merim supermarkt
since 20262.385.040.849
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2651/00V000 | Flanders | 9.7 ha | 1 · 1.3 ha | 10.7 m |
| 11006A0224/00L003 | Flanders | 1,619 m² | 1 · 1,228 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 25,965 EUR awarded · 25,965 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 23,415 EUR | 23,415 EUR |
| 2022 | 1 | 2,550 EUR | 2,550 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.274.808.960
Antwerpen2.385.040.849
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Of 10,504 companies in sector 47110 we hold annual accounts for 5,849. 1,733 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
46392Non-specialised wholesale
46900Non-specialised wholesale trade
47222Retail trade
47271Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0691839236
Also
9925:BE0691839236
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.