MERCABAYO
ActiveThe computed 12-month bankruptcy probability of MERCABAYO is 1.9% (moderate). The 2025 annual accounts show negative equity (€-52k) and a net result of €38k. Equity is shrinking by ~92.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 10289 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+10
Solvency23▲+1
Growth58=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.68 in 2024; short-term debt: 56.5% and cash: 27.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 10289 sector peers (2025).
NBB · sector comparisonPosition among 10289 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-03-2026, 32 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
32 d early
2024
40 d early
2023
55 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-52k▲ 42.0%
2024 · €-90k
2023: €115k
2024: €-90k
2023 → 2025
Total assets
€3.02M▼ 1.8%
2024 · €3.08M
2023: €3.33M
2024: €3.08M
2023 → 2025
Net result
€38k
2024 · €-206k
2023: €-435k
2024: €-206k
2023 → 2025
Working capital
€-430k▼ 4.3%
2024 · €-412k
2023: €-263k
2024: €-412k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€115k-€-90k€-52k▲ 42.0%
Operating result€-378k-€-159k▲ 57.8%€69k
Net result€-435k-€-206k▲ 52.7%€38k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €69k after a loss of €159k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.02M
Fixed assets
€1.75M▼ 20.1%
Current assets
€1.28M▲ 42.9%
Key figures and ratios
EBITDA
€520k▲
2024 · €290k
Cash flow
€489k▲
2024 · €244k
Solvency
-1.7%▲
2024 · -2.9%
Current ratio
0.75▲
2024 · 0.68
Quick ratio
0.53▲
2024 · 0.38
Debt / equity
-58.69▼
2024 · -35.10
ROA
1.3%▲
2024 · -6.7%
Interest coverage
15.79▲
2024 · 6.29
Debt
€3.08M▼
2024 · €3.17M
Debt ≤ 1 year
€1.71M▲
2024 · €1.31M
Debt > 1 year
€1.37M▼
2024 · €1.86M
Staff costs
€700k▲
2024 · €400k
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€3.08M€3.02M▼
Fixed assets21/28€2.19M€1.75M▼
Tangible fixed assets22/27€2.19M€1.75M▼
Plant, machinery and equipment23€2.19M€1.75M▼
Furniture and vehicles24€348-
Current assets29/58€894k€1.28M▲
Stocks and contracts in progress3€401k€372k▼
Stocks30/36€401k€372k▼
Amounts receivable within one year40/41€75k€82k▲
Trade receivables40-€7k
Other amounts receivable41€75k€75k▲
Cash at bank and in hand54/58€415k€825k▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€3.08M€3.02M▼
Equity10/15€-90k€-52k▲
Contributions10/11€550k€550k=
Profit (loss) carried forward14€-640k€-602k▲
Amounts payable17/49€3.17M€3.08M▼
Amounts payable after more than one year17€1.86M€1.37M▼
Financial debts170/4€1.86M€1.37M▼
Amounts payable within one year42/48€1.31M€1.71M▲
Current portion of amounts payable after more than one year42€394k€565k▲
Trade debts44€764k€886k▲
Suppliers440/4€764k€886k▲
Taxes, remuneration and social security45€146k€156k▲
Taxes450/3€75k€69k▼
Remuneration and social security454/9€71k€88k▲
Other amounts payable47/48€2k€101k▲
Income statement
Code20242025
Remuneration, social security and pensions62€400k€700k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€449k€451k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€692k€1.22M▲
Operating profit (loss)9901€-159k€69k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€46k€33k▼
Recurring financial charges65€46k€33k▼
Profit (loss) for the period before taxes9903€-206k€38k▲
Profit (loss) for the period9904€-206k€38k▲
Profit (loss) for the period to be appropriated9905€-206k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-640k€-602k▲
Profit (loss) brought forward from the previous period14P€-435k€-640k▼
Social balance
Average headcount (FTE)908725.822.4▼
The notes to these accounts (11 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
29-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2022
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.
Hendrik Baelskaai 258400 OostendeGround area
8,199 m²
Building footprint
4,511 m²
Volume, LiDAR
56,509 m³
2 parcels, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MERCABAYO
since 20222.329.049.380
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1052/00R000 | Flanders | 6,374 m² | 1 · 3,349 m² | 17.1 m · 4 fl. |
| 35382D0700/00H002 | Flanders | 1,825 m² | 1 · 1,162 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 23,470 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 23,470 EUR | 0 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyWaregem2.329.049.380
Dual-learning approval
2 live approvals · 1 endedWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,527 companies in sector 47110 we hold annual accounts for 5,861. 4,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2022
Fiscal year end30-09
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.