Debts
€37,362 74% of the balance sheet
Suppliers 39%Taxes and wages 55%Other 6%
Of this, €35,151 falls due within a year.
MERCO
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €30,119 (2025)
€30,119▲ 19×
lowest -€10,118 (2022)
€20,150▲ 409×
peak €26,240 (2008)
€12,912▲ €20,150
€37,362▲ 76.2%
Board3 names since 2026
-
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Gross margin from €1,613 to €30,119Result from €49 to €20,150Equity from -€7,238 to €12,912Debts from €21,199 to €37,362Investments €3,500Cash from €9,316 to €23,107
Key points
from the 2025 annual accountsInvestments
€3,500 5.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.30 was 0.71 in 2024
Short-term debts rose from €17,097 to €35,151.
Filings
29 annual accounts since 1997
Eight of the last ten came late. The 2019 accounts came latest: 89 days after the end of the period.
At the same address
176 companies
Board
2 joined · 1 left
Board changed. Latest change 25-02-2026 · 2 in office.
Checked score
96
Excellent
Financially stronger than 66% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.30, cash €23,107
Size: total assets €50,274
Figures for financial year 2025 (filed on 26-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 27% of them on solvency, 54% on liquidity, 84% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as MERCO has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MERCO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for MERCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (0.71 in 2024), below the usual 1.5. Short-term debt is 69.9% and cash 46% of total assets. 74.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
1 day late
2023
30 days late
2022
15 days late
2021
21 days late
2020
5 days early
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
2 directors appointed, 1 resignation
Appointments: NOALIA and AQUILA · Permanent representatives: Harakat Younes and Bernard Liégeois · Resignation: Bernard Liégeois · General meeting of 12-01-2026 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · Board composition: Liégeois Bernard (director) · General meeting of 20-12-2023 · Gazette deed
Registered-office move
Director in office: Bemard LIEGEOIS (manager) · Board meeting of 13-08-2019 · Gazette deed
First establishment
Louizalaan 500, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MERCO Ixelles | €50,274 | €30,119 | 25.7% | - |
| E-DL Brussels | €50,570 | €29,923 | 35.4% | - |
| AUTO 32 B.B.S. Uccle | €40,530 | €29,342 | -121.6% | - |
| MAJUALTECH Grez-Doiceau | €52,152 | €29,875 | 56.2% | - |
| DELVAUX & Fils Jodoigne | €43,263 | €28,577 | -4.5% | - |
| LOGIQUA EUROPE Genappe | €54,253 | €34,615 | 22.3% | - |
| Rudi Vochten Consulting Schoten | €42,561 | €32,233 | 80.6% | - |
These companies have the same main activity as MERCO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €40,500 and €54,300, founded between 1992 and 1999.
Official details
Source: KBO- Status
- Active since 26-02-1997Normal situation
- Registered office
- 178 active companies are registered at this address13 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.080.890.3221050 Brussels, since 12-03-1997
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €88,000estimated
- €50,274▲ 260%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on MERCO
MERCO files the micro format. That format states no turnover. The gross margin rose from €7,033 in 2006 to €30,119 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MERCO
- What is the company number of MERCO?
- The company number of MERCO is 0460.096.536. The VAT number is the same number with BE in front: BE 0460.096.536.
- Where is MERCO based?
- The registered office is at Louizalaan 500, 1050 Ixelles.Company details
- What does MERCO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MERCO?
- MERCO is a private limited company (BV).
- When was MERCO founded?
- MERCO was founded on 26-02-1997.
- Is MERCO still active?
- Yes, MERCO is an active enterprise in the KBO register.
- What is the turnover of MERCO?
- The turnover in financial year 2025 is ≈ €88,000. This figure is estimated from the gross margin of €30,119 and 144 comparable companies (NACE 70200). It probably lies between €52,000 and €120,000.Financials
- Is MERCO profitable?
- In financial year 2025, MERCO made a profit of €20,150.
- Where can I find the annual accounts of MERCO?
- MERCO filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MERCO due?
- MERCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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