MERCATOR CONSTRUCT
ActiveSummary
MERCATOR CONSTRUCT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,591 and a net result of €30,600. Equity is growing by about 7.6% per year across the filed financial years. Its solvency ranks better than 22% of 5,776 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €63,591
- Profit
- €30,600
- Largest shareholder
- OLSTE · 50%
- Board
- 4 members
Why 89raises riskLiquidity: current ratio 0.94, cash €18,748, halvedlowers riskSize: total assets €796,569Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 06-07-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 29% on solvency, 6% on liquidity, 44% on profitability and 91% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 25 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignation: DV PROJECTS, NV (director)Appointment: OLSTE, NV (director) ·…
- Back to profitnet €30,600
Financials · financial year 2025, full format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 47% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.8% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €523 | €491 | €491 | = |
| Other operating charges640/8 | €18,867 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €68,927 | €25,383 | €36,779 | ▲ 44.9% |
| Operating profit (loss)9901 | €49,537 | €24,378 | €35,760 | ▲ 46.7% |
| Financial income75/76B | €58 | €1,092 | €5,731 | ▲ 425% |
| Recurring financial income75 | €58 | €1,092 | €5,731 | ▲ 425% |
| Financial charges65/66B | €55,916 | €47,659 | €10,195 | ▼ 78.6% |
| Recurring financial charges65 | €55,916 | €47,659 | €10,195 | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | -€6,321 | -€22,188 | €31,297 | - |
| Income taxes67/77 | - | - | €697 | - |
| Profit (loss) for the period9904 | -€6,321 | -€22,188 | €30,600 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,321 | -€22,188 | €30,600 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €781,139 | €983,825 | €796,569 | ▼ 19.0% |
| Formation expenses20 | €1,933 | €1,442 | €951 | ▼ 34.1% |
| Fixed assets21/28 | - | - | €110,305 | - |
| Financial fixed assets28 | - | - | €110,305 | - |
| Current assets29/58 | €779,205 | €982,382 | €685,313 | ▼ 30.2% |
| Stocks and contracts in progress3 | €689,547 | €704,077 | €0 | ▼ 100% |
| Contracts in progress37 | €689,547 | €704,077 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €27,059 | €31,685 | €166,448 | ▲ 425% |
| Trade receivables40 | - | €38 | €160,624 | ▲ 4,238× |
| Other amounts receivable41 | €27,059 | €31,647 | €5,824 | ▼ 81.6% |
| Current investments50/53 | - | - | €500,000 | - |
| Cash at bank and in hand54/58 | €57,030 | €246,489 | €18,748 | ▼ 92.4% |
| Deferred charges and accrued income490/1 | €5,570 | €132 | €117 | ▼ 11.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €781,139 | €983,825 | €796,569 | ▼ 19.0% |
| Equity10/15 | €55,179 | €32,991 | €63,591 | ▲ 92.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | - | €2,091 | - |
| Non-distributable reserves130/1 | - | - | €105 | - |
| Legal reserve130 | - | - | €105 | - |
| Distributable reserves133 | - | - | €1,986 | - |
| Profit (loss) carried forward14 | -€6,321 | -€28,509 | €0 | - |
| Amounts payable17/49 | €725,960 | €950,834 | €732,978 | ▼ 22.9% |
| Amounts payable after more than one year17 | €282,290 | €341,452 | €739 | ▼ 99.8% |
| Financial debts170/4 | €282,290 | €341,452 | €739 | ▼ 99.8% |
| Amounts payable within one year42/48 | €443,670 | €609,382 | €732,239 | ▲ 20.2% |
| Trade debts44 | €429,734 | €596,070 | €412,766 | ▼ 30.8% |
| Suppliers440/4 | €429,734 | €596,070 | €412,766 | ▼ 30.8% |
| Advances received on contracts in progress46 | - | - | €221,165 | - |
| Taxes, remuneration and social security45 | - | - | €41,868 | - |
| Taxes450/3 | - | - | €41,868 | - |
| Other amounts payable47/48 | €13,936 | €13,313 | €56,441 | ▲ 324% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,321 | -€22,188 | €30,600 | - |
| + Depreciation and write-downs630 | €523 | €491 | €491 | = |
| Operating cash flow (approximation) | -€5,798 | -€21,697 | €31,091 | - |
| Change in cash | - | €189,459 | -€227,740 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00279528 |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00249574 |
| 31-12-2023 | abbreviated format | 04-07-2024 | 2024-00221430 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 4
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| P.G.V.C. |
|
| POC Partners |
|
| TDHC |
|
| OLSTE |
|
| DV PROJECTS |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- POC PARTNERS (BE 0456.684.710) 50 shares (50%) · €30,750
- OLSTE (BE 0455.061.840) 50 shares (50%) · €30,750
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-11-2022 Incorporation · €61,500 · 100 shares
Group and network
Connections & network
45 connected companiesShow 41 more companies with a shared director
History
Acts, filings and financial milestones
29-04
Gazette deed
Resignation: DV PROJECTS, NV (director)Appointment: OLSTE, NV (director) · Permanent representative: Bart De Vlieger · Power of attorney5 facts ▸
- General meeting, 27-03-2026
- Director resignation, DV PROJECTS, NV (director)
- Director appointment, OLSTE, NV (director)
- Permanent representative, Bart De Vlieger (2 times)
- Power of attorney, NV TITECA
30-11
Gazette deed
IncorporationPermanent representatives: DE GROOTE Alexis Albert Hélène, DE VLIEGER Bart Oscar Germaine and 2 others · Appointments: POC PARTNERS, TDHC and 2 others · Founder23 facts ▸
- Founder, POC PARTNERS
- Founder, OLSTE
- Director in office, P.G.V.C. (director)
- Permanent representative, DE GROOTE Alexis Albert Hélène (2 times)
- Director in office, DV PROJECTS (director)
- Permanent representative, DE VLIEGER Bart Oscar Germaine (2 times)
- Declaration, “bekwaamheid comparanten, faillissement, collectieve schuldenregeling, aanstelling bewindvoerder” (deed in Dutch)
- Declaration, “toelichting en voorlezing akte” (deed in Dutch)
- Declaration, “afstand integrale voorlezing, indien minstens één comparant hierop prijs stelt of ontwerp niet tijdig meegedeeld” (deed in Dutch)
- Incorporation, “MERCATOR CONSTRUCT” (deed in Dutch)
- Founding capital, €61,500
- Declaration, “aansprakelijkheid oprichters bij kennelijk ontoereikend kapitaal, faillissement binnen drie jaar na oprichting” (deed in Dutch)
- +11 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0794.112.076
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36302B2115/00C000 | Flanders | 7,362 m² | 1 · 2,567 m² | 9.8 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het kopen en verkopen, het huren en verhuren, het bouwen of verbouwen. het verkavelen of herverkavelen, het ontwikkelen van projecten…” (deed in Dutch)
6 activities (deed in Dutch)
- Het kopen en verkopen, het huren en verhuren, het bouwen of verbouwen. het verkavelen of herverkavelen, het ontwikkelen van projecten, alsmede het beheren van onroerende goederen
- Alle contracten afsluiten in verband met onroerende goederen
- Het verlenen van alle adviezen in verband met onroerende goederen
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappij en kapitalisatieondernemingen
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie, management en algemeen bestuur
- Het waarnemen van alle bestuursopdrachten, managementopdrachten, het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar maatschappelijk doel verband houden
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MERCATOR CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit enige bestuurder of bestuursorgaan administratieve zetels, agentschappen, ateliers, opslagplaatsen en…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 17. Vertegenwoordiging van de vennootschap Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
- Board ruleHow the board is made up, meets and takes decisions.
- “4, overblijvende bestuurders voorzien voorlopig” (deed in Dutch)“Bestuurder, andersluidende beslissing algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of June at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor