Merbraine I
ActiveSummary
The computed 12-month bankruptcy probability of Merbraine I is 5.4% (elevated). The 2025 annual accounts show negative equity (-€3.1m) and a net result of -€791,978. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 5,795 sector peers (NACE 68, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Official details
Source: KBO- Status
- Active since 17-06-1996 Normal situation
- Registered office
- 356 active companies are registered at this address 79 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.077.226.690 1180 Ukkel, since 05-07-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Board and ownership
- JM CONSTRUCTION SADirector · since 09-09-2025 · permanent representative Staffan PALM
- LUPTON SRLDirector · since 09-09-2025 · permanent representative Alexandre VAN CALOEN
- Vincent LEFEBVREDirector · since 09-09-2025
- Auditor
- PIERRE WARZEE, REVISEUR D'ENTREPRISES SRL
- JM ABconsolidatesannual accounts 2020
- JM Construction50%· score 95annual accounts 2025
- LUPTON50%· score 9631-03-2026 annual accounts of LUPTON
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.4%
- Gross margin
- -€675,632
- ▼ 948%
- Loss
- €791,978
- ▲ 173%
- Equity
- -€3.1m
- ▼ 33.7%
- Total assets
- €117,841
- ▼ 96.8%
- Negative equity on 31-12-2025
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLoss of €791,978, the second in a row (financial year 2025)Negative equity -€3.1m1 change of registered office in 24 monthsLast filed accounts filed 61 days late; 2 of the last 3 accounts lateShow the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 49% on liquidity, 4% on profitability and 16% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 47 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€3.1m View
- Risk: 8 loss-making years in a rowloss in financial year 2025 -€791,978 View
- Caution: Result fell in 2025from -€289,643 to -€791,978 ▼ 173% View
- Caution: Lower solvency than 95% of companies in real estatesector median 38.3% · 5,795 companies -2665.3% View
Recent changes
- · Gazette deed 1 director appointed, 1 director resigning, 4 reappointedReappointments: JM CONSTRUCTION SA, LUPTON SRL and 2 others · Permanent representatives: Staffan PALM, Alexandre VAN CALOEN and Louis-Dorsan VAN CALOEN · Appointment: PIERRE WARZEE,REVISEUR D'ENTREPRISES SRL (statutory auditor)
- · KBO administration Address struckWashingtonstraat 48 · event 17-10-2025
- · Gazette deed Registered office moved within BruxellesNew seat: Rue Washington 48, 1050 Bruxelles · Previous seat: Rue Van Eyck 44, bte 11, 1000 Bruxelles
Comparable companies
These companies have the same main activity as Merbraine I: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €104,000 and €135,000, founded between 1992 and 2000.
| Company | Total assets | Gross margin |
|---|---|---|
| Merbraine I Ukkel | €117,841 | -€675,632 |
| CASAMIS Sint-Lambrechts-Woluwe | €106,475 | -€5,344 |
| ARBORA Elsene | €123,643 | -€6,523 |
| ESPACE ROLIN - ROLIN RUIMTE Sint-Lambrechts-Woluwe | €134,837 | €816 |
| METTEPENNINGEN Temse | €117,905 | -€2,960 |
| SCHELDINVEST Antwerpen | €104,299 | -€796 |
| DELRUE CONSULTING Waremme | €107,490 | -€2,501 |
Key facts about Merbraine I
- What is the company number of Merbraine I?
- The company number of Merbraine I is 0458.259.870. The VAT number is the same number with BE in front: BE 0458.259.870.
- Where is Merbraine I based?
- The registered office is at Alsembergsesteenweg 897, 1180 Ukkel.Company details
- What does Merbraine I do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Merbraine I?
- The legal form of Merbraine I is Public limited company (NV).
- When was Merbraine I founded?
- Merbraine I was founded on 17-06-1996.
- Is Merbraine I still active?
- Yes, Merbraine I is an active enterprise in the KBO register.
- What is the turnover of Merbraine I?
- The annual accounts for financial year 2025 state no turnover. In financial year 2018 turnover was €1.9m.Financials
- Is Merbraine I profitable?
- In financial year 2025, Merbraine I made a loss of €791,978.
- Where can I find the annual accounts of Merbraine I?
- Merbraine I filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Merbraine I due?
- Merbraine I must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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