MERCALOR
ActiveMERCALOR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €10k. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-14
Solvency73▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.38 in 2024; short-term debt: 52% and cash: 18.6% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
48%
Return on assets
13.3%
Age of the figures
9 mo
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
2 d early
2022
18 d early
2021
13 d early
2020
17 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€36k▲ 38.3%
2024 · €26k
2018: €-24k
2019: €-20k
2020: €-4k
2021: €-9k
2022: €10k
2023: €14k
2024: €26k
2018 → 2025
Total assets
€76k▼ 19.9%
2024 · €95k
2018: €17k
2019: €35k
2020: €16k
2021: €27k
2022: €74k
2023: €42k
2024: €95k
2018 → 2025
Net result
€10k▼ 16.4%
2024 · €12k
2018: €9k
2019: €3k
2020: €16k
2021: €-5k
2022: €19k
2023: €4k
2024: €12k
2018 → 2025
Working capital
€35k▲ 33.7%
2024 · €26k
2018: €-25k
2019: €-21k
2020: €-5k
2021: €-10k
2022: €9k
2023: €14k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-9k-€10k€14k▲ 44.5%€26k▲ 84.5%€36k▲ 38.3%
Operating result€-4k-€21k€5k▼ 74.0%€15k▲ 175%€16k▲ 9.3%
Net result€-5k-€19k€4k▼ 76.9%€12k▲ 175%€10k▼ 16.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€1k▲ 1,271%
Current assets
€75k▼ 21.2%
Equity and liabilities €76k
Equity
€36k▲ 38.3%
Debt
€40k▼ 42.3%
The debt ratio falls from 72.2% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
48.0%▲
2024 · 27.8%
Current ratio
1.89▲
2024 · 1.38
Quick ratio
1.82▲
2024 · 1.34
Debt / equity
1.08▼
2024 · 2.60
ROE
27.7%▼
2024 · 45.8%
ROA
13.3%▲
2024 · 12.7%
Debt
€40k▼
2024 · €68k
Debt ≤ 1 year
€40k▼
2024 · €68k
Income taxes
€6k▲
2024 · €2k
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€95k€76k▼
Fixed assets21/28€98€1k▲
Tangible fixed assets22/27€98€1k▲
Plant, machinery and equipment23€98€1k▲
Current assets29/58€95k€75k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€84k€57k▼
Trade receivables40€65k€34k▼
Other amounts receivable41€19k€23k▲
Cash at bank and in hand54/58€8k€14k▲
Deferred charges and accrued income490/1€0€765▲
Equity and liabilities
Total equity and liabilities10/49€95k€76k▼
Equity10/15€26k€36k▲
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€0€10k▲
Amounts payable17/49€68k€40k▼
Amounts payable within one year42/48€68k€40k▼
Trade debts44€39k€1k▼
Suppliers440/4€39k€1k▼
Advances received on contracts in progress46€20k€20k=
Taxes, remuneration and social security45€2k€11k▲
Taxes450/3€2k€11k▲
Other amounts payable47/48€8k€8k=
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137-
Other operating charges640/8€2k€432▼
Gross operating margin9900€17k€17k▼
Operating profit (loss)9901€15k€16k▲
Financial income75/76B€35€5▼
Recurring financial income75€35€5▼
Financial charges65/66B€707€305▼
Recurring financial charges65€707€305▼
Profit (loss) for the period before taxes9903€14k€16k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€12k€10k▼
Profit (loss) for the period to be appropriated9905€12k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€10k▲
Profit (loss) brought forward from the previous period14P€-4k-
Transfer from equity791/2€0-
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k ▼132%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 72 days late
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, Antwerpen · 1 establishment unit since 1998
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.
Mattheus Corvensstraat 662100 AntwerpenGround area
113 m²
Building footprint
97 m²
Volume, LiDAR
628 m³
Parcel 11343A0577/00N007, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MERCALOR
since 19982.084.839.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0577/00N007 | Flanders | 113 m² | 1 · 97 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PJACOBS
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Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 4,224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-1997
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.