Merckx-Voeding
ActiveSummary
Merckx-Voeding has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €7k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 67% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-4
Solvency80▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.83 in 2024; short-term debt: 41.5% and cash: 28.5% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
54.6%
Return on assets
0.4%
Age of the figures
9 mo
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 13-03-2026, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
98 d early
2023
93 d early
2022
39 d early
2021
38 d early
2020
32 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M▲ 0.7%
2024 · €1.05M
2018: €1.03M
2019: €935k▼ -9.2% vs 2018lowest in 8 years
2020: €937k▲ +0.2% vs 2019
2021: €941k▲ +0.5% vs 2020
2022: €944k▲ +0.3% vs 2021
2023: €988k▲ +4.6% vs 2022
2024: €1.05M▲ +6.3% vs 2023
2025: €1.06M▲ +0.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.94M▲ 5.7%
2024 · €1.83M
2018: €1.76M
2019: €1.93M▲ +9.9% vs 2018
2020: €1.86M▼ -3.6% vs 2019
2021: €1.73M▼ -7.1% vs 2020lowest in 8 years
2022: €1.74M▲ +0.7% vs 2021
2023: €1.97M▲ +13.0% vs 2022highest in 8 years
2024: €1.83M▼ -6.9% vs 2023
2025: €1.94M▲ +5.7% vs 2024
2018 → 2025
Net result
€7k▼ 88.0%
2024 · €62k
2018: €86k
2019: €155k▲ +81.3% vs 2018
2020: €252k▲ +62.5% vs 2019highest in 8 years
2021: €155k▼ -38.6% vs 2020
2022: €63k▼ -59.5% vs 2021
2023: €44k▼ -30.2% vs 2022
2024: €62k▲ +42.2% vs 2023
2025: €7k▼ -88.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€665k▲ 8.6%
2024 · €613k
2018: €383k
2019: €310k▼ -18.9% vs 2018lowest in 8 years
2020: €418k▲ +34.7% vs 2019
2021: €351k▼ -16.0% vs 2020
2022: €338k▼ -3.7% vs 2021
2023: €447k▲ +32.2% vs 2022
2024: €613k▲ +36.9% vs 2023
2025: €665k▲ +8.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€941k-€944k▲ 0.3%€988k▲ 4.6%€1.05M▲ 6.3%€1.06M▲ 0.7%
2021: €941klowest in 5 years
2022: €944k▲ +0.3% vs 2021
2023: €988k▲ +4.6% vs 2022
2024: €1.05M▲ +6.3% vs 2023
2025: €1.06M▲ +0.7% vs 2024highest in 5 years
Operating result€193k-€61k▼ 68.7%€48k▼ 20.5%€94k▲ 94.8%€8k▼ 91.5%
2021: €193khighest in 5 years
2022: €61k▼ -68.7% vs 2021
2023: €48k▼ -20.5% vs 2022
2024: €94k▲ +94.8% vs 2023
2025: €8k▼ -91.5% vs 2024lowest in 5 years
Net result€155k-€63k▼ 59.5%€44k▼ 30.2%€62k▲ 42.2%€7k▼ 88.0%
2021: €155khighest in 5 years
2022: €63k▼ -59.5% vs 2021
2023: €44k▼ -30.2% vs 2022
2024: €62k▲ +42.2% vs 2023
2025: €7k▼ -88.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€467k ▼ 2.9%
Current assets
€1.47M ▲ 8.8%
Equity and liabilities €1.94M
Equity
€1.06M ▲ 0.7%
Debt
€880k ▲ 12.5%
Debt's share of the balance-sheet total rises from 42.7% to 45.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161k▼
2024 · €230k
Cash flow
€160k▼
2024 · €198k
Current ratio
1.83▼
2024 · 1.83
Quick ratio
1.45▼
2024 · 1.47
Debt to equity
0.83▲
2024 · 0.75
ROE
0.7%▼
2024 · 5.9%
ROA
0.4%▼
2024 · 3.4%
Interest coverage
14.77▲
2024 · 11.63
Debt ≤ 1 year
€805k▲
2024 · €739k
Debt > 1 year
€75k▲
2024 · €44k
Income taxes
€0▼
2024 · €23k
Staff costs
€714k▼
2024 · €729k
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.83M€1.94M▲
Fixed assets21/28€481k€467k▼
Tangible fixed assets22/27€476k€462k▼
Land and buildings22€285k€237k▼
Plant, machinery and equipment23€187k€217k▲
Furniture and vehicles24€3k€8k▲
Financial fixed assets28€5k€5k=
Current assets29/58€1.35M€1.47M▲
Amounts receivable after more than one year29€467k€463k▼
Other amounts receivable291€467k€463k▼
Stocks and contracts in progress3€268k€300k▲
Stocks30/36€268k€300k▲
Amounts receivable within one year40/41€174k€156k▼
Trade receivables40€74k€38k▼
Other amounts receivable41€99k€118k▲
Cash at bank and in hand54/58€443k€551k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.83M€1.94M▲
Equity10/15€1.05M€1.06M▲
Contributions10/11€19k€19k=
Reserves13€1.03M€1.04M▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€1.03M€1.03M▲
Amounts payable17/49€783k€880k▲
Amounts payable after more than one year17€44k€75k▲
Financial debts170/4€44k€75k▲
Amounts payable within one year42/48€739k€805k▲
Current portion of amounts payable after more than one year42€26k€41k▲
Financial debts43€92€13k▲
Credit institutions430/8€0-
Other loans439€92€13k▲
Trade debts44€548k€613k▲
Suppliers440/4€548k€613k▲
Taxes, remuneration and social security45€118k€91k▼
Taxes450/3€19k€16k▼
Remuneration and social security454/9€99k€75k▼
Other amounts payable47/48€47k€47k▼
Income statement
Code20242025
Remuneration, social security and pensions62€729k€714k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€153k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€966k€883k▼
Operating profit (loss)9901€94k€8k▼
Financial income75/76B€11k€10k▼
Recurring financial income75€11k€10k▼
Non-recurring financial income76B€0-
Financial charges65/66B€20k€11k▼
Recurring financial charges65€20k€11k▼
Profit (loss) for the period before taxes9903€85k€7k▼
Income taxes67/77€23k€0▼
Profit (loss) for the period9904€62k€7k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€62k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€7k▼
Transfer to equity691/2€62k€7k▼
To other reserves6921€62k€7k▼
Social balance
Average headcount (FTE)908723.60.0▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €656k | €661k | €750k | €729k | €714k | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125k | €159k | €178k | €136k | €153k | ▲ 12.4% |
| Other operating charges640/8 | €7k | €7k | €7k | €7k | €9k | ▲ 24.2% |
| Gross operating margin9900 | €982k | €888k | €984k | €966k | €883k | ▼ 8.5% |
| Operating profit (loss)9901 | €193k | €61k | €48k | €94k | €8k | ▼ 91.5% |
| Financial income75/76B | €6k | €12k | €13k | €11k | €10k | ▼ 5.0% |
| Recurring financial income75 | €6k | €12k | €2k | €11k | €10k | ▼ 5.0% |
| Non-recurring financial income76B | - | - | €11k | €0 | - | - |
| Financial charges65/66B | €7k | €8k | €6k | €20k | €11k | ▼ 44.9% |
| Recurring financial charges65 | €7k | €8k | €6k | €20k | €11k | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €192k | €65k | €54k | €85k | €7k | ▼ 91.2% |
| Income taxes67/77 | €38k | €2k | €11k | €23k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €155k | €63k | €44k | €62k | €7k | ▼ 88.0% |
| Transfer to tax-exempt reserves689 | - | €3k | €3k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €155k | €60k | €41k | €62k | €7k | ▼ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €1.74M | €1.97M | €1.83M | €1.94M | ▲ 5.7% |
| Fixed assets21/28 | €645k | €720k | €610k | €481k | €467k | ▼ 2.9% |
| Tangible fixed assets22/27 | €640k | €715k | €609k | €476k | €462k | ▼ 2.9% |
| Land and buildings22 | €451k | €394k | €342k | €285k | €237k | ▼ 16.8% |
| Plant, machinery and equipment23 | €184k | €321k | €263k | €187k | €217k | ▲ 15.6% |
| Furniture and vehicles24 | €5k | €0 | €4k | €3k | €8k | ▲ 142% |
| Financial fixed assets28 | €5k | €5k | €1k | €5k | €5k | = |
| Current assets29/58 | €1.08M | €1.02M | €1.36M | €1.35M | €1.47M | ▲ 8.8% |
| Amounts receivable after more than one year29 | €357k | €204k | €470k | €467k | €463k | ▼ 0.8% |
| Other amounts receivable291 | €357k | €204k | €470k | €467k | €463k | ▼ 0.8% |
| Stocks and contracts in progress3 | €245k | €278k | €226k | €268k | €300k | ▲ 11.6% |
| Stocks30/36 | €245k | €278k | €226k | €268k | €300k | ▲ 11.6% |
| Amounts receivable within one year40/41 | €115k | €127k | €162k | €174k | €156k | ▼ 9.9% |
| Trade receivables40 | €6k | €9k | €35k | €74k | €38k | ▼ 48.9% |
| Other amounts receivable41 | €110k | €118k | €128k | €99k | €118k | ▲ 19.3% |
| Cash at bank and in hand54/58 | €331k | €331k | €458k | €443k | €551k | ▲ 24.6% |
| Deferred charges and accrued income490/1 | €35k | €82k | €40k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €1.74M | €1.97M | €1.83M | €1.94M | ▲ 5.7% |
| Equity10/15 | €941k | €944k | €988k | €1.05M | €1.06M | ▲ 0.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €923k | €925k | €969k | €1.03M | €1.04M | ▲ 0.7% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €3k | €5k | €5k | €5k | = |
| Distributable reserves133 | €921k | €921k | €964k | €1.03M | €1.03M | ▲ 0.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €788k | €798k | €980k | €783k | €880k | ▲ 12.5% |
| Amounts payable after more than one year17 | €55k | €114k | €70k | €44k | €75k | ▲ 70.8% |
| Financial debts170/4 | €55k | €114k | €70k | €44k | €75k | ▲ 70.8% |
| Amounts payable within one year42/48 | €733k | €684k | €910k | €739k | €805k | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | €24k | €46k | €44k | €26k | €41k | ▲ 55.5% |
| Financial debts43 | €32k | €16k | €300k | €92 | €13k | ▲ 14,154% |
| Credit institutions430/8 | - | - | €300k | €0 | - | - |
| Other loans439 | €32k | €16k | €0 | €92 | €13k | ▲ 14,154% |
| Trade debts44 | €394k | €406k | €380k | €548k | €613k | ▲ 11.9% |
| Suppliers440/4 | €394k | €406k | €380k | €548k | €613k | ▲ 11.9% |
| Taxes, remuneration and social security45 | €131k | €107k | €146k | €118k | €91k | ▼ 22.3% |
| Taxes450/3 | €15k | €16k | €31k | €19k | €16k | ▼ 13.3% |
| Remuneration and social security454/9 | €116k | €91k | €115k | €99k | €75k | ▼ 24.0% |
| Other amounts payable47/48 | €152k | €110k | €40k | €47k | €47k | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155k | €63k | €44k | €62k | €7k | ▼ 88.0% |
| + Depreciation and write-downs630 | €125k | €159k | €178k | €136k | €153k | ▲ 12.4% |
| Operating cash flow (approximation) | €280k | €222k | €222k | €198k | €160k | ▼ 19.1% |
| Investment in fixed assets (approximation) | - | €-234k | €-69k | €-7k | €-139k | ▼ 2,012% |
| Change in cash | - | €-248 | €127k | €-16k | €109k | ▲ 794% |
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
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €7k ▼88%
Net result drops to €7k, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.05M ▲6.3%
7 profitable years in a row build equity to €1.05M.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €252k ▲62.5%
Operating result €343k, net result €252k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mechelen · 2 establishment units since 1966
Ground area
3,672 m²
Building footprint
1,439 m²
Volume, LiDAR
6,094 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Brusselsesteenweg 126, 2800 Mechelen
since 19662.001.054.570
SHOP 24
since 20112.200.588.322
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0212/00R006 | Flanders | 3,271 m² | 1 · 1,341 m² | 9.7 m · 1 fl. |
| 12404F0692/00W003indicative | Flanders | 401 m² | 1 · 98 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 20,593 EUR awarded · 20,593 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 480 EUR | 480 EUR |
| 2023 | 2 | 6,165 EUR | 17,413 EUR |
| 2022 | 2 | 13,948 EUR | 2,700 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMechelen2.001.054.570
Mechelen2.200.588.322
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 2,186 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
47521Retail sale of hardware, building materials, paint and glass (general range)
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.