Merco Services is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €15.70M and a net result of €551k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 2381 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
22 d early
2023
23 d early
2022
18 d early
2021
25 d early
2020
30 d early
2019
94 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€15.70M▼ 1.9%
2024 · €16.00M
2019: €3.32M
2020: €6.04M
2021: €6.41M
2022: €7.04M
2023: €18.91M
2024: €16.00M
2019 → 2025
Net result
€551k▲ 518%
2024 · €89k
2019: €2.82M
2020: €2.73M
2021: €868k
2022: €635k
2023: €11.87M
2024: €89k
2019 → 2025
Total assets
€16.20M▲ 0.6%
2024 · €16.10M
2019: €7.97M
2020: €7.11M
2021: €7.96M
2022: €7.06M
2023: €19.09M
2024: €16.10M
2019 → 2025
Solvency
96.9%▼ 2.5pp
2024 · 99.4%
2019: 41.6%
2020: 85.0%
2021: 80.5%
2022: 99.7%
2023: 99.0%
2024: 99.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.02M-€1.05M▲ 2.8%€1.53M▲ 45.6%€1.47M▼ 3.8%€765k▼ 47.9%
Equity€6.41M-€7.04M▲ 9.9%€18.91M▲ 168%€16.00M▼ 15.4%€15.70M▼ 1.9%
Operating result€193k-€187k▼ 3.3%€8.90M▲ 4,672%€121k▼ 98.6%€129k▲ 7.1%
Net result€868k-€635k▼ 26.8%€11.87M▲ 1,769%€89k▼ 99.2%€551k▲ 518%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.20M
Fixed assets
€15.54M▲ 0.2%
Current assets
€652k▲ 12.1%
Equity and liabilities €16.20M
Equity
€15.70M▼ 1.9%
Debt
€498k▲ 396%
The debt ratio rises from 0.6% to 3.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
96.9%▼
2024 · 99.4%
ROE
3.5%▲
2024 · 0.6%
ROA
3.4%▲
2024 · 0.6%
Debt
€498k▲
2024 · €100k
Debt ≤ 1 year
€498k▲
2024 · €100k
Income taxes
€35k▲
2024 · €32k
Staff costs
€378k▼
2024 · €384k
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€16.10M€16.20M▲
Fixed assets21/28€15.52M€15.54M▲
Tangible fixed assets22/27€17k€45k▲
Furniture and vehicles24€17k€45k▲
Financial fixed assets28€15.50M€15.50M=
Affiliated companies280/1€15.50M€15.50M=
Participating interests280€15.50M€15.50M=
Current assets29/58€582k€652k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€87k€4k▼
Trade receivables40€82k€0▼
Other amounts receivable41€5k€4k▼
Current investments50/53€400k€403k▲
Other investments51/53€400k€403k▲
Cash at bank and in hand54/58€95k€245k▲
Deferred charges and accrued income490/1€424€0▼
Equity and liabilities
Total equity and liabilities10/49€16.10M€16.20M▲
Equity10/15€16.00M€15.70M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€92k€92k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€0-
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€15.41M€15.11M▼
Amounts payable17/49€100k€498k▲
Amounts payable within one year42/48€100k€498k▲
Trade debts44€13k€9k▼
Suppliers440/4€13k€9k▼
Taxes, remuneration and social security45€88k€88k▲
Taxes450/3€35k€26k▼
Remuneration and social security454/9€53k€62k▲
Other amounts payable47/48€0€400k▲
Income statement
Code20242025
Operating income70/76A€1.47M€768k▼
Turnover70€1.47M€765k▼
Other operating income74€1k€2k▲
Non-recurring operating income76A€0-
Operating charges60/66A€1.35M€638k▼
Goods for resale, raw materials and consumables60€109k€115k▲
Purchases600/8€109k€115k▲
Services and other goods61€851k€137k▼
Remuneration, social security and pensions62€384k€378k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€2k€2k▲
Operating profit (loss)9901€121k€129k▲
Financial income75/76B€61€457k▲
Recurring financial income75€61€457k▲
Income from financial fixed assets750€0€450k▲
Income from current assets751-€7k
Other financial income752/9€61€0▼
Financial charges65/66B€44€114▲
Recurring financial charges65€44€114▲
Other financial charges652/9€44€114▲
Profit (loss) for the period before taxes9903€121k€586k▲
Income taxes67/77€32k€35k▲
Taxes670/3€32k€35k▲
Profit (loss) for the period9904€89k€551k▲
Transfer from tax-exempt reserves789€42k€0▼
Profit (loss) for the period to be appropriated9905€131k€551k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18.45M€15.96M▼
Profit (loss) brought forward from the previous period14P€18.32M€15.41M▼
Transfer to equity691/2€42k€0▼
To other reserves6921€42k€0▼
Profit to be distributed694/7€3.00M€850k▼
Return on contributions (dividend)694€3.00M€850k▼
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (37 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €89k ▼99.2%
Net result drops to €89k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €11.87M ▲1769%
Operating result €8.90M, net result €11.87M, both a record.
31-12
Financial
Liquidity times 5current ratio 19.28
Current ratio from 3.84 to 19.28.
31-12
Financial
Equity above €10MEq €18.91M ▲168%
5 profitable years in a row build equity to €18.91M.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 3.84
Current ratio from 0.62 to 3.84; short-term debt falls from €1.55M to €18k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.85 to 1.73; short-term debt falls from €1.15M to €67k.
31-12
Financial
Equity above €5MEq €6.04M ▲82.2%
2 profitable years in a row build equity to €6.04M.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
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, Merelbeke-Melle · 1 establishment unit since 2018
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.
Nijverheidsweg 149820 Merelbeke-MelleGround area
4,418 m²
Building footprint
2,729 m²
Volume, LiDAR
16,571 m³
Parcel 44412B0005/00H000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Merco Services
since 20182.282.949.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0005/00H000 | Flanders | 4,418 m² | 1 · 2,729 m² | 7.2 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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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 4,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.