MERCKX E. MEUBELEN
ActiveMERCKX E. MEUBELEN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-80k) and a net result of €-153k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 9% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
7
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+25
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.57 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.8%
Return on assets
-18.7%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€80k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
11 d late
2023
5 d early
2022
31 d late
2021
30 d late
2020
88 d late
2019
117 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-153k▼ 96.3%
2024 · €-78k
2018: €61k
2019: €-14k
2020: €17k
2021: €1k
2022: €2k
2023: €-46k
2024: €-78k
2018 → 2025
Working capital
€-506k▼ 178%
2024 · €-182k
2018: €-35k
2019: €-52k
2020: €-26k
2021: €-18k
2022: €-78k
2023: €-115k
2024: €-182k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€194k-€196k▲ 0.8%€150k▼ 23.4%€72k▼ 51.8%€-80k
Operating result€10k-€10k▼ 4.0%€-36k€-69k▼ 92.6%€-144k▼ 109%
Net result€1k-€2k▲ 27.9%€-46k€-78k▼ 69.6%€-153k▼ 96.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €144k in 2025 against €69k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €816k
Fixed assets
€663k▲ 31.9%
Current assets
€152k▼ 36.2%
Key figures and ratios
EBITDA
€-58k▼
2024 · €-17k
Cash flow
€-66k▼
2024 · €-26k
Solvency
-9.8%▼
2024 · 9.8%
Current ratio
0.23▼
2024 · 0.57
Quick ratio
0.04▼
2024 · 0.06
Debt / equity
-11.17▼
2024 · 9.25
ROE
190.2%▲
2024 · -107.4%
ROA
-18.7%▼
2024 · -10.5%
Interest coverage
-6.83▼
2024 · -1.98
Debt
€896k▲
2024 · €670k
Debt ≤ 1 year
€658k▲
2024 · €421k
Debt > 1 year
€236k▼
2024 · €249k
Income taxes
€191▼
2024 · €210
Staff costs
€71k▼
2024 · €106k
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€742k€816k▲
Fixed assets21/28€503k€663k▲
Tangible fixed assets22/27€503k€663k▲
Land and buildings22€425k€607k▲
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24€30k€20k▼
Other tangible fixed assets26€31k€26k▼
Financial fixed assets28€155€155=
Current assets29/58€239k€152k▼
Stocks and contracts in progress3€214k€125k▼
Stocks30/36€214k€125k▼
Amounts receivable within one year40/41€2k€2k=
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€22k€25k▲
Equity and liabilities
Total equity and liabilities10/49€742k€816k▲
Equity10/15€72k€-80k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10k€6k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€4k-
Profit (loss) carried forward14-€-148k
Amounts payable17/49€670k€896k▲
Amounts payable after more than one year17€249k€236k▼
Financial debts170/4€249k€236k▼
Amounts payable within one year42/48€421k€658k▲
Current portion of amounts payable after more than one year42€37k€13k▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€103k€54k▼
Suppliers440/4€103k€54k▼
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€16k€10k▼
Other amounts payable47/48€159k€480k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€106k€71k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€87k▲
Other operating charges640/8€13k€14k▲
Gross operating margin9900€102k€28k▼
Operating profit (loss)9901€-69k€-144k▼
Financial income75/76B€395€325▼
Recurring financial income75€395€325▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€-78k€-152k▼
Income taxes67/77€210€191▼
Profit (loss) for the period9904€-78k€-153k▼
Profit (loss) for the period to be appropriated9905€-78k€-153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-153k▼
Transfer from equity791/2€78k€4k▼
Social balance
Average headcount (FTE)90872.01.4▼
The notes to these accounts (10 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-153k
Net result drops to €-153k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 1997
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.
Denderstraat 89402 NinoveGround area
964 m²
Building footprint
858 m²
Volume, LiDAR
5,664 m³
Parcel 41362B1235/00X000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E. MERCKX MEUBELEN
since 19972.080.809.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1235/00X000 | Flanders | 964 m² | 1 · 858 m² | 8.5 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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BONHANZA
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GANDA CONSULTING
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Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 1,250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-01-1997
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.