MERCURE.T
ActiveMERCURE.T has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €448k and a net result of €136k. Equity is growing by ~82.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+3
Solvency35▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.18 in 2023; short-term debt: 9.3% and cash: 1.4% of total assets), and 89.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-06-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d early
2023
26 d early
2022
41 d early
2021
62 d early
2020
22 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€448k▲ 43.4%
2023 · €313k
2018: €-70k
2019: €-83k
2020: €-130k
2021: €52k
2022: €178k
2023: €313k
2018 → 2024
Total assets
€4.28M▼ 3.1%
2023 · €4.42M
2018: €120k
2019: €2.64M
2020: €4.93M
2021: €4.76M
2022: €4.59M
2023: €4.42M
2018 → 2024
Net result
€136k▲ 0.6%
2023 · €135k
2018: €-7k
2019: €-14k
2020: €-46k
2021: €181k
2022: €126k
2023: €135k
2018 → 2024
Working capital
€-285k▲ 22.0%
2023 · €-366k
2018: €-58k
2019: €-83k
2020: €-4.93M
2021: €-4.54M
2022: €-447k
2023: €-366k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-130k-€52k€178k▲ 243%€313k▲ 75.7%€448k▲ 43.4%
Operating result€9k-€241k▲ 2,506%€251k▲ 4.1%€269k▲ 7.1%€262k▼ 2.4%
Net result€-46k-€181k€126k▼ 30.5%€135k▲ 6.8%€136k▲ 0.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.28M
Fixed assets
€4.17M▼ 3.9%
Current assets
€113k▲ 40.9%
Equity and liabilities €4.28M
Equity
€448k▲ 43.4%
Debt
€3.83M▼ 6.6%
The debt ratio falls from 92.9% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€432k▼
2023 · €438k
Cash flow
€305k▲
2023 · €304k
Solvency
10.5%▲
2023 · 7.1%
Current ratio
0.28▲
2023 · 0.18
Quick ratio
0.28▲
2023 · 0.18
Debt / equity
8.56▼
2023 · 13.14
ROE
30.2%▼
2023 · 43.1%
ROA
3.2%▲
2023 · 3.0%
Interest coverage
5.15▲
2023 · 4.84
Debt
€3.83M▼
2023 · €4.11M
Debt ≤ 1 year
€398k▼
2023 · €446k
Debt > 1 year
€3.38M▼
2023 · €3.60M
Income taxes
€44k▲
2023 · €44k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.42M€4.28M▼
Fixed assets21/28€4.34M€4.17M▼
Tangible fixed assets22/27€4.34M€4.17M▼
Land and buildings22€4.34M€4.17M▼
Current assets29/58€80k€113k▲
Amounts receivable within one year40/41€78k€53k▼
Trade receivables40€78k€53k▼
Other amounts receivable41€234€0▼
Cash at bank and in hand54/58€2k€60k▲
Equity and liabilities
Total equity and liabilities10/49€4.42M€4.28M▼
Equity10/15€313k€448k▲
Contributions10/11€25k€25k=
Reserves13€129k€192k▲
Tax-exempt reserves132€126k€170k▲
Distributable reserves133€3k€21k▲
Profit (loss) carried forward14€159k€231k▲
Amounts payable17/49€4.11M€3.83M▼
Amounts payable after more than one year17€3.60M€3.38M▼
Financial debts170/4€3.60M€3.38M▼
Amounts payable within one year42/48€446k€398k▼
Current portion of amounts payable after more than one year42€224k€224k=
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€24k€19k▼
Taxes450/3€24k€19k▼
Other amounts payable47/48€188k€146k▼
Accrued charges and deferred income492/3€62k€62k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170k€170k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€440k€433k▼
Operating profit (loss)9901€269k€262k▼
Financial income75/76B€51€1k▲
Recurring financial income75€51€1k▲
Financial charges65/66B€91k€84k▼
Recurring financial charges65€91k€84k▼
Profit (loss) for the period before taxes9903€178k€180k▲
Income taxes67/77€44k€44k▲
Profit (loss) for the period9904€135k€136k▲
Transfer from tax-exempt reserves789-€19k
Transfer to tax-exempt reserves689€63k€63k=
Profit (loss) for the period to be appropriated9905€72k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€159k€250k▲
Profit (loss) brought forward from the previous period14P€87k€159k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €313k ▲75.7%
3 profitable years in a row build equity to €313k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €178k ▲243%
2 profitable years in a row build equity to €178k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €181k
Net result €181k after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 86 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Kapellen · 1 establishment unit since 2008
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.
Torenlei 62950 KapellenGround area
4,941 m²
Building footprint
375 m²
Volume, LiDAR
379 m³
Parcel 11023I0187/00T002, Flanders · tallest building 20.4 m. Linked by address, not a title deed.
1 establishment unit
Mercure.T
since 20082.172.732.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0187/00T002 | Flanders | 4,941 m² | 1 · 375 m² | 20.4 m |
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.
Similar companies · same sector, comparable size
Gisiam Invest
BE 0545.811.872
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M.D. Plus
BE 0452.200.340
Linter · Eq €448k
Immo Tumulis
BE 0679.778.869
Sint-Joost-ten-Node · Eq €448k
INVESTPRO GANZEVELT
BE 0837.271.039
Mechelen · Eq €447k
ZARMA
BE 0806.619.138
Kortemark · Eq €449k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2008
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.