MERCICA
ActiveSummary
MERCICA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €510k and a net result of €491k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+43
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 16.96 against 1.46 in 2023; short-term debt: 5.6% and cash: 60.6% of total assets), and 5.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.4%
Return on assets
91%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-04-2025, 106 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
106 d early
2023
79 d early
2022
31 d early
2021
96 d early
2020
99 d early
2019
120 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€510k▲ 13.3%
2023 · €450k
2018: €183k
2019: €372k▲ +103% vs 2018
2020: €459k▲ +23.5% vs 2019
2021: €291k▼ -36.6% vs 2020
2022: €14k▼ -95.2% vs 2021lowest in 7 years
2023: €450k▲ +3102% vs 2022
2024: €510k▲ +13.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€540k▼ 61.8%
2023 · €1.42M
2018: €285klowest in 7 years
2019: €472k▲ +65.7% vs 2018
2020: €562k▲ +19.2% vs 2019
2021: €721k▲ +28.3% vs 2020
2022: €1.09M▲ +51.2% vs 2021
2023: €1.42M▲ +29.8% vs 2022highest in 7 years
2024: €540k▼ -61.8% vs 2023
2018 → 2024
Net result
€491k▲ 12.7%
2023 · €436k
2018: €152klowest in 7 years
2019: €189k▲ +24.3% vs 2018
2020: €438k▲ +132% vs 2019
2021: €271k▼ -38.1% vs 2020
2022: €501k▲ +85.0% vs 2021highest in 7 years
2023: €436k▼ -12.9% vs 2022
2024: €491k▲ +12.7% vs 2023
2018 → 2024
Working capital
€479k▲ 7.8%
2023 · €445k
2018: €157k
2019: €349k▲ +122% vs 2018
2020: €444k▲ +27.5% vs 2019
2021: €284k▼ -36.2% vs 2020
2022: €8k▼ -97.3% vs 2021lowest in 7 years
2023: €445k▲ +5764% vs 2022
2024: €479k▲ +7.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€459k-€291k▼ 36.6%€14k▼ 95.2%€450k▲ 3,102%€510k▲ 13.3%
2020: €459k
2021: €291k▼ -36.6% vs 2020
2022: €14k▼ -95.2% vs 2021lowest in 5 years
2023: €450k▲ +3102% vs 2022
2024: €510k▲ +13.3% vs 2023highest in 5 years
Operating result€580k-€357k▼ 38.4%€663k▲ 85.7%€577k▼ 13.0%€676k▲ 17.1%
2020: €580k
2021: €357k▼ -38.4% vs 2020lowest in 5 years
2022: €663k▲ +85.7% vs 2021
2023: €577k▼ -13.0% vs 2022
2024: €676k▲ +17.1% vs 2023highest in 5 years
Net result€438k-€271k▼ 38.1%€501k▲ 85.0%€436k▼ 12.9%€491k▲ 12.7%
2020: €438k
2021: €271k▼ -38.1% vs 2020lowest in 5 years
2022: €501k▲ +85.0% vs 2021highest in 5 years
2023: €436k▼ -12.9% vs 2022
2024: €491k▲ +12.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €540k
Fixed assets
€31k ▲ 442%
Current assets
€509k ▼ 63.9%
Equity and liabilities €540k
Equity
€510k ▲ 13.3%
Debt
€30k ▼ 96.9%
Debt's share of the balance-sheet total falls from 68.2% to 5.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€677k▲
2023 · €578k
Cash flow
€492k▲
2023 · €437k
Current ratio
16.96▲
2023 · 1.46
Debt to equity
0.06▼
2023 · 2.14
ROE
96.4%▼
2023 · 96.9%
ROA
91.0%▲
2023 · 30.8%
Interest coverage
21.79▼
2023 · 10766.67
Debt ≤ 1 year
€30k▼
2023 · €965k
Income taxes
€160k▲
2023 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.42M€540k▼
Fixed assets21/28€6k€31k▲
Tangible fixed assets22/27€6k€31k▲
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€3k€26k▲
Current assets29/58€1.41M€509k▼
Amounts receivable within one year40/41€0€147k▲
Other amounts receivable41€0€147k▲
Cash at bank and in hand54/58€1.37M€327k▼
Deferred charges and accrued income490/1€38k€35k▼
Equity and liabilities
Total equity and liabilities10/49€1.42M€540k▼
Equity10/15€450k€510k▲
Contributions10/11€19k€19k=
Reserves13€432k€491k▲
Distributable reserves133€432k€491k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€965k€30k▼
Amounts payable within one year42/48€965k€30k▼
Trade debts44€2k€868▼
Suppliers440/4€2k€868▼
Taxes, remuneration and social security45€39k€29k▼
Taxes450/3€39k€29k▼
Other amounts payable47/48€924k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€768€992▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€579k€678k▲
Operating profit (loss)9901€577k€676k▲
Financial income75/76B€105€7k▲
Recurring financial income75€105€7k▲
Financial charges65/66B€54€31k▲
Recurring financial charges65€54€31k▲
Profit (loss) for the period before taxes9903€577k€651k▲
Income taxes67/77€141k€160k▲
Profit (loss) for the period9904€436k€491k▲
Profit (loss) for the period to be appropriated9905€436k€491k▲
Appropriation of the result
Profit (loss) to be appropriated9906€432k€491k▲
Profit (loss) brought forward from the previous period14P€-5k€0▲
Transfer from equity791/2€0€432k▲
Transfer to equity691/2€432k€491k▲
To other reserves6921€432k€491k▲
Profit to be distributed694/7€0€432k▲
Return on contributions (dividend)694€0€432k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €999 | €768 | €992 | ▲ 29.3% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €2k | ▲ 56.9% |
| Gross operating margin9900 | €588k | €365k | €665k | €579k | €678k | ▲ 17.2% |
| Operating profit (loss)9901 | €580k | €357k | €663k | €577k | €676k | ▲ 17.1% |
| Financial income75/76B | - | - | €0 | €105 | €7k | ▲ 6,142% |
| Recurring financial income75 | €180 | - | €0 | €105 | €7k | ▲ 6,142% |
| Financial charges65/66B | - | €12 | €38 | €54 | €31k | ▲ 57,753% |
| Recurring financial charges65 | €2k | €12 | €38 | €54 | €31k | ▲ 57,753% |
| Profit (loss) for the period before taxes9903 | €578k | €357k | €663k | €577k | €651k | ▲ 12.8% |
| Income taxes67/77 | €141k | €86k | €162k | €141k | €160k | ▲ 13.3% |
| Profit (loss) for the period9904 | €438k | €271k | €501k | €436k | €491k | ▲ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €438k | €271k | €501k | €436k | €491k | ▲ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €562k | €721k | €1.09M | €1.42M | €540k | ▼ 61.8% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €22k | €7k | €6k | €6k | €31k | ▲ 442% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €22k | €7k | €6k | €6k | €31k | ▲ 442% |
| Furniture and vehicles24 | - | €3k | €3k | €3k | €5k | ▲ 63.5% |
| Other tangible fixed assets26 | - | €4k | €3k | €3k | €26k | ▲ 861% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €548k | €714k | €1.08M | €1.41M | €509k | ▼ 63.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €135k | €148k | €14k | €0 | €147k | - |
| Trade receivables40 | - | €134k | €0 | - | - | - |
| Other amounts receivable41 | - | €14k | €14k | €0 | €147k | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €398k | €523k | €1.03M | €1.37M | €327k | ▼ 76.2% |
| Deferred charges and accrued income490/1 | - | €43k | €40k | €38k | €35k | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €562k | €721k | €1.09M | €1.42M | €540k | ▼ 61.8% |
| Equity10/15 | €459k | €291k | €14k | €450k | €510k | ▲ 13.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €441k | €273k | €0 | €432k | €491k | ▲ 13.8% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €271k | €0 | €432k | €491k | ▲ 13.8% |
| Profit (loss) carried forward14 | €0 | - | €-5k | €0 | €0 | - |
| Amounts payable17/49 | €103k | €430k | €1.08M | €965k | €30k | ▼ 96.9% |
| Amounts payable within one year42/48 | €103k | €430k | €1.08M | €965k | €30k | ▼ 96.9% |
| Trade debts44 | €74 | €21 | €2k | €2k | €868 | ▼ 54.2% |
| Suppliers440/4 | - | €21 | €2k | €2k | €868 | ▼ 54.2% |
| Taxes, remuneration and social security45 | - | €47k | €38k | €39k | €29k | ▼ 25.3% |
| Taxes450/3 | - | €47k | €38k | €39k | €29k | ▼ 25.3% |
| Other amounts payable47/48 | - | €383k | €1.04M | €924k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €438k | €271k | €501k | €436k | €491k | ▲ 12.7% |
| + Depreciation and write-downs630 | €7k | €7k | €999 | €768 | €992 | ▲ 29.3% |
| Operating cash flow (approximation) | €445k | €278k | €502k | €437k | €492k | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | €7k | €0 | €0 | €-26k | - |
| Change in cash | - | €125k | €507k | €342k | €-1.05M | ▼ 405% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 12current ratio 16.96
Current ratio from 1.46 to 16.96; short-term debt falls from €965k to €30k.
31-12
Financial
Equity above €500kEq €510k ▲13.3%
7 profitable years in a row build equity to €510k.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €450k ▲3,102%
6 profitable years in a row build equity to €450k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €501k ▲85%
Net result €501k, the highest in the series.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €372k ▲103%
2 profitable years in a row build equity to €372k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Dilbeek · 1 establishment unit since 2017
Ground area
1,740 m²
Building footprint
331 m²
Volume, LiDAR
1,624 m³
Parcel 23352G0082/00C000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TIJL DE TROYER
since 20172.261.115.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352G0082/00C000 | Flanders | 1,740 m² | 1 · 331 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500E7644396FP4A29
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Of 2,260 companies in sector 69102 we hold annual accounts for 1,754. 1,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69102Activities of notaries
Scores and ratios are computed by Checked and are not a credit decision.