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MERCALOR

Active
Private limited companyfounded 1997active for 29 yearsMattheus Corvensstraat 66, 2100 Antwerpen, BelgiumKBO/BCE: BE 0461.434.047
Summary

MERCALOR has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,473 and a net result of €10,098. Equity has been growing by about 50% per year since 2018. Its solvency ranks better than 55% of 9,909 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 12-09-1997 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
Establishment unit
2.084.839.410 2100 Antwerpen, since 06-01-1998
Financial year end
31 December
Peppol
Reachable since 17-04-2026

Board and ownership

Board
  • Van den Broeck RalphDirector · since 01-01-2020

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€16,528
▼ 2.6%
Turnover
≈ €190,000
estimated
Profit
€10,098
▼ 16.4%
Equity
€36,473
▲ 38.3%
Total assets
€76,014
▼ 19.9%
  • 2025 accounts filed 27 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Size: total assets €76,014lowers riskFounded in 1997Liquidity: current ratio 1.89, cash €14,131Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 73+20
equity 48.0% of total assets
Liquidity 47+26
short-term debt 52.0% · cash 18.6%
Profitability 71-14
return on assets 13.3%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%▼ -0.4 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.6 percentage points vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (1.38 in 2024), above the usual 1.5. Short-term debt is 52% and cash 18.6% of total assets. However, 52% of the assets are financed with debt and provisions.
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 43, micro). It does better than 52% of them on solvency, 38% on liquidity, 39% on profitability and 79% 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

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1997
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.89, cash €14,131
NBB · annual accounts
raises risk · Size: total assets €76,014
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
6 days early
2023
2 days early
2022
18 days early
2021
13 days early
2020
17 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 82% of companies in specialised constructionsector median €251,285 · 9,911 companies €36,473 View

Recent changes

  1. · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as MERCALOR: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €63,700 and €92,000, founded between 1991 and 2000.

CompanyTotal assetsGross margin
MERCALOR Antwerpen€76,014€16,528
LEIRS Westerlo€72,206€20,400
Vanhoof & Fils Elsene€70,499€14,201
THERMO - PLANET Asse€63,664€15,892
PIERO LUCATELLI CONFORT Oupeye€63,869€16,940
WALMAGH P. Chaudfontaine€91,977€15,905
Brabants Verwarming Westerlo€65,127€22,263
Full comparison

Key facts about MERCALOR

What is the company number of MERCALOR?
The company number of MERCALOR is 0461.434.047. The VAT number is the same number with BE in front: BE 0461.434.047.
Where is MERCALOR based?
The registered office is at Mattheus Corvensstraat 66, 2100 Antwerpen.Company details
What does MERCALOR do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of MERCALOR?
The legal form of MERCALOR is Private limited company (BV).
When was MERCALOR founded?
MERCALOR was founded on 12-09-1997.
Is MERCALOR still active?
Yes, MERCALOR is an active enterprise in the KBO register.
How many employees does MERCALOR have?
MERCALOR had an average of 0.3 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of MERCALOR?
The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €16,528 and 39 comparable companies (NACE 43222). It probably lies between €110,000 and €290,000. It is a rough estimate.
Is MERCALOR profitable?
In financial year 2025, MERCALOR made a profit of €10,098.
Where can I find the annual accounts of MERCALOR?
MERCALOR filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MERCALOR due?
MERCALOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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