MERCK LIFE SCIENCE

Active

Private limited companyfounded 198442 yrs activeIldefonse Vandammestraat 5/7B, 1560 Hoeilaart, BelgiumKBO/BCE: BE 0425.578.392

MERCK LIFE SCIENCE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34.04M and a net result of €8.56M. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

94 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability92▲+14

Solvency100▲+28

Growth72=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity ample (current ratio 8.62 against 2.44 in 2023; short-term debt: 11.6% of total assets), and 13.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

86.3%

Return on assets

21.7%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €34.04M

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

36 d early

2022

42 d early

2021

5 d early

2020

3 d early

2019

28 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€161.19M▼ 5.9%

2023 · €171.33M

2018: €26.02M 2019: €28.39M 2020: €29.65M 2021: €165.88M 2022: €172.72M 2023: €171.33M

2018 → 2024

EBIT margin

6.8%▼ 0.4pp

2023 · 7.2%

2018: 4.6% 2019: 2.7% 2020: 4.4% 2021: 8.0% 2022: 6.1% 2023: 7.2%

2018 → 2024

Net result

€8.56M▼ 15.1%

2023 · €10.07M

2018: €1.32M 2019: €988k 2020: €1.56M 2021: €10.07M 2022: €7.90M 2023: €10.07M

2018 → 2024

Working capital

€34.88M▲ 10.1%

2023 · €31.66M

2018: €6.13M 2019: €5.77M 2020: €52.40M 2021: €41.85M 2022: €31.99M 2023: €31.66M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€29.65M-€165.88M▲ 459%€172.72M▲ 4.1%€171.33M▼ 0.8%€161.19M▼ 5.9%

Equity€51.65M-€35.51M▼ 31.3%€30.41M▼ 14.4%€25.49M▼ 16.2%€34.04M▲ 33.6%

Operating result€1.29M-€13.30M▲ 931%€10.60M▼ 20.3%€12.36M▲ 16.6%€10.93M▼ 11.6%

Net result€1.56M-€10.07M▲ 547%€7.90M▼ 21.5%€10.07M▲ 27.5%€8.56M▼ 15.1%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 12% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €39.45M

100.0%

Fixed assets €200=

Current assets €39.45M▼ 26.5%

Equity and liabilities €39.45M

86.3%

13.7%

Equity €34.04M▲ 33.6%

Provisions €2k▼ 100.0%

Debt €5.41M▼ 77.0%

The debt ratio falls from 43.7% to 13.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Solvency

86.3%▲

2023 · 47.5%

Current ratio

8.62▲

2023 · 2.44

Quick ratio

8.53▲

2023 · 2.43

Debt / equity

0.16▼

2023 · 0.92

ROE

25.1%▼

2023 · 39.5%

ROA

21.7%▲

2023 · 18.8%

Debt

€5.41M▼

2023 · €23.49M

Debt ≤ 1 year

€4.58M▼

2023 · €22.03M

Income taxes

€3.01M▲

2023 · €2.96M

Staff costs

€7.31M▲

2023 · €7.10M

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€53.69M€39.45M▼

Fixed assets21/28€200€200=

Financial fixed assets28€200€200=

Other financial fixed assets284/8€200€200=

Amounts receivable and cash guarantees285/8€200€200=

Current assets29/58€53.69M€39.45M▼

Stocks and contracts in progress3€259k€437k▲

Stocks30/36€178k€262k▲

Goods purchased for resale34€178k€262k▲

Contracts in progress37€81k€175k▲

Amounts receivable within one year40/41€25.91M€39.02M▲

Trade receivables40€25.77M€29.78M▲

Other amounts receivable41€142k€9.23M▲

Cash at bank and in hand54/58€27.52M-

Equity and liabilities

Total equity and liabilities10/49€53.69M€39.45M▼

Equity10/15€25.49M€34.04M▲

Contributions10/11€25.48M€25.48M=

Reserves13€11k€11k=

Non-distributable reserves130/1€11k€11k=

Reserves not available under the articles1311€11k€11k=

Profit (loss) carried forward14-€8.56M

Provisions and deferred taxes16€4.72M€2k▼

Provisions for liabilities and charges160/5€4.72M€2k▼

Other liabilities and charges164/5€4.72M€2k▼

Amounts payable17/49€23.49M€5.41M▼

Amounts payable within one year42/48€22.03M€4.58M▼

Financial debts43-€59

Credit institutions430/8-€59

Trade debts44€935k€674k▼

Suppliers440/4€935k€674k▼

Taxes, remuneration and social security45€6.09M€3.90M▼

Taxes450/3€4.34M€2.34M▼

Remuneration and social security454/9€1.75M€1.57M▼

Other amounts payable47/48€15.00M-

Accrued charges and deferred income492/3€1.46M€833k▼

Income statement Code20232024

Operating income70/76A€171.39M€161.35M▼

Turnover70€171.33M€161.19M▼

Change in stocks of work in progress, finished goods and contracts in progress71€49k€94k▲

Other operating income74€13k€64k▲

Operating charges60/66A€159.03M€150.42M▼

Goods for resale, raw materials and consumables60€143.52M€139.16M▼

Purchases600/8€143.58M€139.25M▼

Change in stocks: decrease (increase)609€-62k€-84k▼

Services and other goods61€3.28M€3.72M▲

Remuneration, social security and pensions62€7.10M€7.31M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€461k-

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€107k

Provisions for liabilities and charges: additions (uses and reversals)635/8€4.62M-

Other operating charges640/8€50k€118k▲

Operating profit (loss)9901€12.36M€10.93M▼

Financial income75/76B€682k€677k▼

Recurring financial income75€682k€677k▼

Income from current assets751€682k€643k▼

Other financial income752/9-€34k

Financial charges65/66B€9k€38k▲

Recurring financial charges65€9k€38k▲

Debt charges650-€19k

Other financial charges652/9€9k€19k▲

Profit (loss) for the period before taxes9903€13.03M€11.57M▼

Income taxes67/77€2.96M€3.01M▲

Taxes670/3€2.96M€3.01M▲

Profit (loss) for the period9904€10.07M€8.56M▼

Profit (loss) for the period to be appropriated9905€10.07M€8.56M▼

Appropriation of the result

Profit (loss) to be appropriated9906€10.07M€8.56M▼

Transfer from equity791/2€4.93M-

From contributions791€4.93M-

Profit to be distributed694/7€15.00M-

Return on contributions (dividend)694€15.00M-

Social balance

Average headcount (FTE)908745.647.1▲

The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 5Gazette 1Filings 10

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Liquidity quadruplescurrent ratio 8.62

Current ratio from 2.44 to 8.62; short-term debt falls from €22.03M to €4.58M.

25-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €10.07M ▲27.5%

Net result €10.07M, the highest in the series.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

26-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

18-05

State Gazette act Board meeting · Corporate purpose

Purpose change · Name change

2020

31-12

Financial Liquidity quadruplescurrent ratio 47.85

Current ratio from 13.09 to 47.85.

03-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €988k ▼25%

Net result drops to €988k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 13.09

Current ratio from 5.69 to 13.09; short-term debt falls from €1.30M to €478k.

02-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

09-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 9 days late

2016

27-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 27 acts read

About the unread acts

We know of 27 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

27 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, Hoeilaart · 1 establishment unit since 1992