MERCO
ActiveSummary
MERCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-7k) and a net result of €49. Equity is shrinking by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-39
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.69 in 2023; short-term debt: 122.5% and cash: 66.7% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
-51.8%
Return on assets
0.4%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 37956 sector peers (2024).
NBB · sector comparisonPosition among 37956 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
30 d late
2022
15 d late
2021
21 d late
2020
5 d early
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-7k▲ 0.7%
2023 · €-7k
2018: €7k
2019: €13k
2020: €3k
2021: €2k
2022: €-8k
2023: €-7k
2018 → 2024
Total assets
€14k▼ 1.1%
2023 · €14k
2018: €29k
2019: €31k
2020: €26k
2021: €57k
2022: €11k
2023: €14k
2018 → 2024
Net result
€49▼ 95.4%
2023 · €1k
2018: €-9k
2019: €6k
2020: €-10k
2021: €-2k
2022: €-10k
2023: €1k
2018 → 2024
Working capital
€-5k▲ 8.0%
2023 · €-5k
2018: €1k
2019: €8k
2020: €-803
2021: €8k
2022: €-4k
2023: €-5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€2k▼ 49.0%€-8k€-7k▲ 12.9%€-7k▲ 0.7%
Operating result€-9k-€-15k▼ 65.6%€-10k▲ 36.0%€1k€468▼ 67.4%
Net result€-10k-€-2k▲ 82.7%€-10k▼ 502%€1k€49▼ 95.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14k
Fixed assets
€2k ▼ 25.8%
Current assets
€12k ▲ 3.9%
Key figures and ratios
EBITDA
€1k▼
2023 · €2k
Cash flow
€663▼
2023 · €2k
Solvency
-51.8%▼
2023 · -51.6%
Current ratio
0.71▲
2023 · 0.69
Debt to equity
-2.93▲
2023 · -2.94
ROA
0.4%▼
2023 · 7.7%
Interest coverage
2.41▼
2023 · 6.65
Debt
€21k▼
2023 · €21k
Debt ≤ 1 year
€17k▲
2023 · €17k
Debt > 1 year
€4k▼
2023 · €4k
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€14k€14k▼
Fixed assets21/28€2k€2k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€34-
Furniture and vehicles24€34-
Financial fixed assets28€25€25=
Current assets29/58€12k€12k▲
Amounts receivable within one year40/41-€180
Trade receivables40-€171
Other amounts receivable41-€9
Current investments50/53€595€2k▲
Cash at bank and in hand54/58€10k€9k▼
Deferred charges and accrued income490/1€675€584▼
Equity and liabilities
Total equity and liabilities10/49€14k€14k▼
Equity10/15€-7k€-7k▲
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-32k€-32k▲
Amounts payable17/49€21k€21k▼
Amounts payable after more than one year17€4k€4k▼
Other amounts payable178/9€4k€4k▼
Amounts payable within one year42/48€17k€17k▲
Trade debts44€9k€9k▲
Suppliers440/4€9k€9k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€5k€5k▼
Remuneration and social security454/9€3k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€932€614▼
Other operating charges640/8€535€531▼
Gross operating margin9900€3k€2k▼
Operating profit (loss)9901€1k€468▼
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€356€450▲
Recurring financial charges65€356€450▲
Profit (loss) for the period before taxes9903€1k€49▼
Profit (loss) for the period9904€1k€49▼
Profit (loss) for the period to be appropriated9905€1k€49▼
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-32k▲
Profit (loss) brought forward from the previous period14P€-33k€-32k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Show earlier events
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
20-10
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2011
07-06
State Gazette act
General meeting · Legal-form conversion
Capital increase · Bank account
06-06
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
Financial milestoneState Gazette actNBB 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, Elsene · 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.
Louizalaan 5001050 ElseneGround area
1,218 m²
Building footprint
1,221 m²
Volume, LiDAR
17,976 m³
Parcel 21822R0227/00T003, Brussels · tallest building 32.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MERCO
since 19972.080.890.322
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00T003 | Brussels | 1,218 m² | 1 · 1,221 m² | 32.8 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.
Structure & network
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 7,203 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bl@mercorealestate.com
E-mail:merco.eu@gmail.com