Mercatorfonds
ActiveMercatorfonds has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €20k. Equity is shrinking by ~21.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
68
/ 100
Healthy▲ +20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▲+21
Solvency32▲+1
Growth38▲+16
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.67 in 2023), but 92.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
41 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
20 d late
2019
46 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2024, abbreviated schema
Turnover
€970k▲ 2.9%
2023 · €942k
2018: €1.82M
2019: €1.21M
2020: €669k
2021: €771k
2022: €995k
2023: €942k
2018 → 2024
EBIT margin
6.0%▲ 3.1pp
2023 · 2.9%
2018: 1.9%
2019: 0.8%
2020: -17.1%
2021: -6.6%
2022: -11.6%
2023: 2.9%
2018 → 2024
Net result
€20k▲ 318%
2023 · €5k
2018: €14k
2019: €-49k
2020: €-131k
2021: €-87k
2022: €-116k
2023: €5k
2018 → 2024
Working capital
€1.05M▲ 7.5%
2023 · €981k
2018: €562k
2019: €541k
2020: €551k
2021: €752k
2022: €821k
2023: €981k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€669k-€771k▲ 15.1%€995k▲ 29.2%€942k▼ 5.4%€970k▲ 2.9%
Equity€364k-€278k▼ 23.7%€162k▼ 41.8%€167k▲ 3.0%€186k▲ 12.0%
Operating result€-115k-€-51k▲ 55.9%€-116k▼ 128%€27k€58k▲ 115%
Net result€-131k-€-87k▲ 34.2%€-116k▼ 34.1%€5k€20k▲ 318%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 115% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.54M
Fixed assets
€2k▼ 57.6%
Current assets
€2.54M▲ 4.3%
Equity and liabilities €2.54M
Equity
€186k▲ 12.0%
Debt
€2.36M▲ 3.6%
The debt ratio falls from 93.2% to 92.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€62k▲
2023 · €31k
Cash flow
€24k▲
2023 · €9k
Solvency
7.3%▲
2023 · 6.8%
Current ratio
1.71▲
2023 · 1.67
Quick ratio
0.34▲
2023 · 0.27
Debt / equity
12.64▼
2023 · 13.67
ROE
10.7%▲
2023 · 2.9%
ROA
0.8%▲
2023 · 0.2%
Interest coverage
1.55▲
2023 · 0.79
Debt
€2.36M▲
2023 · €2.28M
Debt ≤ 1 year
€1.49M▲
2023 · €1.46M
Debt > 1 year
€861k▲
2023 · €813k
Income taxes
€554▲
2023 · €535
Staff costs
€179k▲
2023 · €160k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.44M€2.54M▲
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€4k€2k▼
Land and buildings22-€2k
Plant, machinery and equipment23€4k-
Financial fixed assets28€1k€0▼
Current assets29/58€2.44M€2.54M▲
Stocks and contracts in progress3€2.04M€2.04M=
Stocks30/36€1.98M€1.96M▼
Contracts in progress37€62k€86k▲
Amounts receivable within one year40/41€393k€496k▲
Trade receivables40€326k€435k▲
Other amounts receivable41€67k€62k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.44M€2.54M▲
Equity10/15€167k€186k▲
Contributions10/11€900k€900k=
Capital10€900k€900k=
Issued capital100€900k€900k=
Reserves13€70k€70k=
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-804k€-784k▲
Amounts payable17/49€2.28M€2.36M▲
Amounts payable after more than one year17€813k€861k▲
Financial debts170/4€813k€861k▲
Amounts payable within one year42/48€1.46M€1.49M▲
Current portion of amounts payable after more than one year42€11k-
Financial debts43€350k€304k▼
Credit institutions430/8€350k€304k▼
Trade debts44€904k€825k▼
Suppliers440/4€904k€825k▼
Advances received on contracts in progress46€175k€334k▲
Taxes, remuneration and social security45€16k€24k▲
Remuneration and social security454/9€16k€24k▲
Accrued charges and deferred income492/3€7k€10k▲
Income statement
Code20232024
Turnover70€942k€970k▲
Non-recurring operating income76A-€200k
Goods, raw materials, services and sundry goods60/61€748k€924k▲
Remuneration, social security and pensions62€160k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€4k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€194k€246k▲
Operating profit (loss)9901€27k€58k▲
Financial income75/76B€18k€2k▼
Recurring financial income75€18k€2k▼
Financial charges65/66B€39k€40k▲
Recurring financial charges65€39k€40k▲
Profit (loss) for the period before taxes9903€5k€21k▲
Income taxes67/77€535€554▲
Profit (loss) for the period9904€5k€20k▲
Profit (loss) for the period to be appropriated9905€5k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-804k€-784k▲
Profit (loss) brought forward from the previous period14P€-808k€-804k▲
Social balance
Average headcount (FTE)90872.32.5▲
The notes to these accounts (9 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Highest result since 2018net €20k ▲318%
Operating result €58k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-131k
Net result drops to €-131k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-04-2020
Anne VIERSTAETE: Resigned as Director
30-06-2017
PINTE Christian: Resigned as Director
15-05-2017
NV TIJDSBEELD & PIECE MONTEE: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1966
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.
Zuidstraat 21000 BrusselGround area
157 m²
Building footprint
116 m²
Volume, LiDAR
2,157 m³
Parcel 21004A0339/00B000, Brussels · tallest building 21.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NV MERCATOR FONDS
since 19662.000.756.246
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0339/00B000 | Brussels | 157 m² | 1 · 116 m² | 21.4 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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AMILIVRE
BE 0758.500.309
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AU P'TIT PRINCE
BE 0876.419.249
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SERVRANX
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Of 598 companies in sector 47610 we hold annual accounts for 240. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
58110Book publishing
47610Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.