MERAPI

Active Private limited companyfounded 2002active for 24 yearsPierre en Marie Curielaan 39, 1050 IxellesKBO/BCE: BE 0477.830.710

MERAPI

Financial year 2025

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Annual accounts 2025

micro format, filed on 17-06-2026, 44 days before the deadline

€9,807

▼ 60.5%

-€25,314

▼ €16,416

-€36,953

▼ €16,897

-€331,914

▼ €68,121

5.2%

▼ 4.2 percentage points

0.01

▼ 0.02

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €52,000. Estimated: probably between €25,000 and €100,000.

Balance sheet

balance sheet total €792,320 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

5.2%

Higher than 11% of 21,205 companies in 2025.

0.01

Lower than 95% of 20,568 companies in 2025.

-4.7%

Higher than 13% of 20,743 companies in 2025.

MERAPI Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	792,320	828,672	859,540	896,642	976,664	1.2m	1.3m	1.4m	1.5m	1.6m	1.6m	1.6m	1.7m	1.7m	1.6m	656,430	672,576	674,017	641,520	332,327
`21/28`	788,560	820,353	852,147	882,665	894,622	1.1m	1.1m	1.3m	1.3m	1.5m	1.5m	1.6m	1.6m	1.6m	1.5m	557,779	578,226	598,149	581,495	238,120
`22/27`	770,910	802,703	834,497	865,015	876,972	1.0m	1.1m	1.2m	1.3m	1.5m	1.5m	1.5m	1.6m	1.6m	1.5m	557,529	577,976	597,899	581,245	237,870
`22`	770,705	802,091	833,477	863,010	873,734	1.0m	1.1m	1.2m	1.3m	1.5m	1.5m	1.5m	1.6m	1.6m	1.5m	550,117	573,665	596,041	580,024	235,788
`23`	-	-	-	-	-	-	665	8,617	7,974	-	1,105	2,209	3,314	4,419	-	-	-	-	-	-
`24`	205	613	1,020	2,005	3,238	5,209	4,859	14,083	5,886	8,296	6,410	4,492	8,952	16,415	18,649	7,411	4,311	1,857	1,221	2,082
`28`	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	17,650	250	250	250	250	250
`29/58`	3,760	8,319	7,393	13,977	82,042	113,745	196,460	119,006	242,132	107,432	59,563	74,138	83,891	58,745	40,576	98,651	94,350	75,868	60,024	94,207
`40/41`	-	204	2,104	7,138	61,511	40,379	131,007	75,169	217,923	106,286	58,649	70,024	66,035	37,982	23,585	78,401	77,107	72,784	4,767	62,723
`40`	-	-	1,900	5,624	35,819	388	26,504	42,464	77,914	10,728	32,525	54,024	30,369	13,048	20,402	78,401	68,873	52,373	1,767	38,723
`41`	-	204	204	1,514	25,692	39,990	104,503	32,704	140,009	95,558	26,124	16,000	35,666	24,935	3,184	-	8,234	20,411	3,000	24,000
`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,978	4,644
`54/58`	3,760	8,115	5,289	6,839	19,496	48,780	38,372	37,093	24,012	1,146	915	4,114	4,795	5,733	5,945	16,946	5,242	2,978	28,972	26,049
`490/1`	-	-	-	-	1,036	24,587	27,081	6,745	197	-	-	-	13,062	15,030	11,046	3,304	12,000	106	307	791
Balance sheet: equity and liabilities
`10/49`	792,320	828,672	859,540	896,642	976,664	1.2m	1.3m	1.4m	1.5m	1.6m	1.6m	1.6m	1.7m	1.7m	1.6m	656,430	672,576	674,017	641,520	332,327
`10/15`	40,842	77,796	97,852	114,653	144,142	165,939	163,286	149,130	161,338	147,657	142,216	154,965	136,013	90,822	40,959	134,207	109,094	118,868	120,163	124,095
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`13`	68,660	68,660	68,660	68,660	68,660	82,160	79,510	15,360	15,360	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	66,800	66,800	66,800	66,800	66,800	80,300	77,650	13,500	13,500	-	-	-	-	-	-	-	-	-	-	-
`14`	-46,418	-9,464	10,592	27,393	56,882	65,179	65,176	115,170	127,378	127,197	121,756	134,505	115,553	70,362	20,499	113,747	88,634	98,408	99,703	103,635
`17/49`	751,478	750,876	761,687	781,988	832,522	1.0m	1.1m	1.2m	1.4m	1.4m	1.4m	1.5m	1.5m	1.6m	1.5m	522,223	563,482	555,149	521,357	208,232
`17`	407,321	475,820	543,380	610,016	684,079	870,840	901,822	1.1m	1.2m	1.2m	1.3m	1.4m	1.3m	1.4m	1.4m	429,654	452,046	473,311	466,264	178,914
`170/4`	405,321	473,820	541,380	608,016	682,079	868,840	899,822	1.1m	1.2m	1.2m	1.3m	1.3m	1.3m	1.4m	1.3m	429,654	452,046	473,311	445,264	138,914
`178/9`	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-	-	50,000	-	45,000	45,000	-	-	-	21,000	40,000
`42/48`	335,675	272,112	218,307	171,972	148,443	131,497	217,933	123,909	214,695	216,214	178,463	114,127	181,753	170,097	159,424	92,569	111,437	81,838	49,158	25,518
`42`	68,498	67,560	66,636	65,725	67,394	61,581	59,738	50,497	49,238	47,015	48,375	41,168	35,676	30,236	27,161	55,725	54,598	20,196	17,698	5,882
`43`	-	-	-	-	-	-	-	-	-	94,890	103,210	42,232	102,274	78,655	18,354	8,444	7,923	1,363	-	-
`430/8`	-	-	-	-	-	-	-	-	-	94,890	103,210	42,232	102,274	78,655	18,354	8,444	7,923	1,363	-	-
`44`	821	575	10,078	8,212	29,790	23,766	45,600	28,144	53,536	18,085	4,120	5,942	2,395	14,179	10,091	5,627	18,637	1,062	21,511	405
`440/4`	821	575	10,078	8,212	29,790	23,766	45,600	28,144	53,536	18,085	4,120	5,942	2,395	14,179	10,091	5,627	18,637	1,062	21,511	405
`45`	-	-	-	6,596	10,084	35,026	25,993	16,751	23,527	10,363	8,672	14,282	15,226	43,006	62,544	13,719	30,278	29,218	9,526	17,413
`450/3`	-	-	-	6,596	10,084	35,026	25,993	14,751	23,527	10,363	8,672	14,282	15,226	43,006	62,544	13,719	30,278	29,218	9,526	17,413
`454/9`	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-
`47/48`	266,356	203,977	141,593	91,439	41,175	11,124	86,602	28,516	88,394	45,861	14,087	10,503	26,181	4,021	41,274	9,054	-	30,000	423	1,818
`492/3`	8,482	2,945	-	-	-	1,110	850	1,906	2,000	1,539	-	-	3,600	5,450	3,128	-	-	-	5,935	3,800
Income statement
`76A`	-	-	5,000	-	52,619	-	281,525	-	63,839	-	-	7,025	-	-	-	-	1,500	-	-	-
`9900`	9,807	24,837	26,921	7,005	99,399	69,860	164,744	90,545	122,451	149,918	179,155	198,152	212,021	210,458	131,116	180,132	171,952	135,599	85,672	97,940
`630`	31,793	31,793	32,371	32,434	30,993	35,745	47,703	60,768	58,668	52,648	51,975	53,192	58,813	61,576	30,028	27,450	25,591	24,552	57,168	14,521
`640/8`	3,328	1,942	2,575	2,717	8,089	11,229	1,623	5,612	6,761	10,136	6,111	6,596	7,145	6,524	6,505	5,586	5,300	5,344	6,036	3,260
`66A`	-	-	-	-	800	470	-	-	-	-	-	840	-	-	-	-	-	-	4,439	-
`9901`	-25,314	-8,898	-8,025	-28,146	59,517	22,417	115,418	24,165	57,022	87,134	121,069	138,364	146,063	142,358	94,583	147,097	141,060	105,704	22,468	80,159
`75/76B`	-	0	-	11,478	2,443	12,166	6,772	216	58	2	0	13	1,409	214	39	1,825	957	75	18	84
`75`	-	0	-	11,478	2,443	12,166	6,772	216	58	2	0	13	1,409	214	39	1,825	957	75	18	84
`65/66B`	11,639	11,158	8,777	8,387	46,521	30,038	36,828	36,286	47,650	56,681	63,777	61,608	74,683	60,198	52,877	25,946	27,409	29,100	21,009	12,183
`65`	11,639	11,158	8,777	8,387	46,521	30,038	36,828	36,286	47,650	56,681	63,777	61,608	74,683	60,198	52,877	25,946	27,409	29,100	21,009	12,183
`9903`	-36,953	-20,056	-16,801	-25,054	15,439	4,545	85,363	-11,906	9,430	30,455	57,292	82,953	72,789	82,373	41,745	122,976	116,109	76,678	-2,962	68,060
`67/77`	-	-	-	4,434	23,735	1,892	21,206	302	-4,250	25,014	26,042	31,000	27,598	32,511	21,993	47,862	45,883	27,973	971	19,383
`9904`	-36,953	-20,056	-16,801	-29,489	-8,297	2,653	64,157	-12,208	13,680	5,441	31,251	51,953	45,191	49,862	19,752	75,113	70,226	48,705	-3,933	48,677
`9905`	-36,953	-20,056	-16,801	-29,489	-8,297	2,653	64,157	-12,208	13,680	5,441	31,251	51,953	45,191	49,862	19,752	75,113	70,226	48,705	-3,933	48,677
Appropriation of the result
`9906`	-46,418	-9,464	10,592	27,393	56,882	67,829	179,326	115,170	140,878	127,197	165,756	167,505	115,553	70,362	133,499	163,747	168,634	148,408	99,703	103,635
`14P`	-9,464	10,592	27,393	56,882	65,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	13,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	2,650	64,150	-	13,500	-	-	-	-	-	-	-	-	-	-	-
`6921`	-	-	-	-	-	2,650	64,150	-	13,500	-	-	-	-	-	-	-	-	-	-	-
`694/7`	-	-	-	-	13,500	-	50,000	-	-	-	44,000	33,000	-	-	113,000	50,000	80,000	50,000	-	-
`694`	-	-	-	-	13,500	-	50,000	-	-	-	44,000	33,000	-	-	113,000	50,000	80,000	50,000	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	17-06-2026	2026-00190443	PDF
31-12-2024	micro format	26-06-2025	2025-00192435	PDF
31-12-2023	micro format	17-06-2024	2024-00138113	PDF
31-12-2022	micro format	19-06-2023	2023-00141209	PDF
31-12-2021	micro format	11-10-2022	2022-20457658	PDF
31-12-2020	micro format	05-08-2021	2021-46500462	PDF
31-12-2019	micro format	30-11-2020	2020-72600204	PDF
31-12-2018	micro format	14-08-2019	2019-48500456	PDF
31-12-2017	micro format	30-08-2018	2018-53300292	PDF
31-12-2016	full format	31-08-2017	2017-58300217	PDF
31-12-2015	full format	27-09-2016	2016-62600362	PDF
31-12-2014	full format	22-09-2015	2015-60100296	PDF
31-12-2013	full format	14-07-2014	2014-29900393	PDF
31-12-2012	full format	22-06-2013	2013-22000066	PDF
31-12-2011	full format	23-06-2012	2012-22000070	PDF
31-12-2010	full format	04-07-2011	2011-25500475	PDF
31-12-2009	full format	19-06-2010	2010-20200193	PDF
31-12-2008	full format	22-07-2009	2009-45800318	PDF
31-12-2007	full format	27-06-2008	2008-30900257	PDF
31-12-2006	full format	26-06-2007	2007-30700207	PDF
31-12-2005	full format	22-06-2006	2006-29504146	PDF
31-12-2004	full format	04-07-2005	2005-41004172	PDF
31-12-2003	full format	20-07-2004	2004-48400142	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
6,480	22,895	24,347	4,288	90,509	58,162	163,121	84,933	115,690	139,782	173,044	191,556	204,876	203,934	124,611	174,547	166,651	130,255	79,636	94,681
-5,160	11,737	15,570	2,945	22,696	38,398	111,860	48,560	72,348	58,089	83,225	105,145	104,004	111,438	49,781	102,563	95,817	73,257	53,236	63,198
0	0	1,853	20,477	-130,027	3,954	11,167	14,029	34,286	5,114	24,710	23,783	18,504	163,364	996,066	7,002	5,669	41,205	404,982	1,488
-4,354	2,826	-1,550	-12,657	-29,284	10,408	1,279	13,081	22,866	232	-3,200	-681	-938	-212	-11,002	11,704	2,264	-25,994	2,923	-
-331,914	-263,793	-210,914	-157,995	-66,400	-17,752	-21,473	-4,902	27,437	-108,782	-118,900	-39,988	-97,861	-111,352	-118,848	6,083	-17,087	-5,970	10,866	68,689
5.2%	9.4%	11.4%	12.8%	14.8%	14.2%	12.7%	10.8%	10.4%	9.3%	9.0%	9.5%	8.1%	5.4%	2.6%	20.4%	16.2%	17.6%	18.7%	37.3%
0.01	0.03	0.03	0.08	0.55	0.87	0.90	0.96	1.13	0.50	0.33	0.65	0.46	0.35	0.25	1.07	0.85	0.93	1.22	3.69
18.40	9.65	7.78	6.82	5.78	6.05	6.86	8.25	8.60	9.74	10.15	9.50	11.27	17.55	37.19	3.89	5.17	4.67	4.34	1.68
-90.5%	-25.8%	-17.2%	-25.7%	-5.8%	1.6%	39.3%	-8.2%	8.5%	3.7%	22.0%	33.5%	33.2%	54.9%	48.2%	56.0%	64.4%	41.0%	-3.3%	39.2%
-4.7%	-2.4%	-2.0%	-3.3%	-0.8%	0.2%	5.0%	-0.9%	0.9%	0.3%	2.0%	3.2%	2.7%	3.0%	1.3%	11.4%	10.4%	7.2%	-0.6%	14.6%
0.56	2.05	2.77	0.51	1.95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€150,000	€150,000	€150,000	€150,000	-
Carrying value of the mortgaged assets	€770,704	€802,703	€833,477	€863,010	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€20,477	-
	€31,793	€31,793	€32,371	€32,434	€30,993

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MERAPI

The operating result for 2025 is a loss of €25,314, larger than the loss of €8,898 in 2024. It is the lowest result since 2022.

Debt's share of the balance-sheet total rises from 90.6% to 94.8%. Equity is lower and debt is higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency5.2%

Current ratio0.01

Return on assets-4.7%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on MERAPI

Next steps

in euro

in euro

5.2%

0.01

-4.7%