Mercurian
ActiveSummary
Mercurian has been active since 1922 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101.16M and a net result of €18.77M. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+69
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 5.32 against 4.82 in 2024; short-term debt: 3% and cash: 1.4% of total assets), and 3.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 94
Relative position
BE, all sectors
reference
Sector 94
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
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
96.3%
Return on assets
17.9%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
24 d early
2023
13 d early
2022
35 d early
2021
31 d late
2020
15 d early
2019
65 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18.77M
2024 · €-4.17M
2018: €-6.35M
2019: €3.92M
2020: €48.20M
2021: €487k
2022: €-3.41M
2023: €-2.10M
2024: €-4.17M
2018 → 2025
Working capital
€13.79M▼ 1.8%
2024 · €14.04M
2018: €34.12M
2019: €37.43M
2020: €85.89M
2021: €85.05M
2022: €16.20M
2023: €15.70M
2024: €14.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90.68M-€88.64M▼ 2.2%€86.54M▼ 2.4%€82.39M▼ 4.8%€101.16M▲ 22.8%
Operating result€-655k-€-3.77M▼ 475%€-3.43M▲ 8.9%€-4.80M▼ 39.8%€-4.15M▲ 13.7%
Net result€487k-€-3.41M€-2.10M▲ 38.3%€-4.17M▼ 98.5%€18.77M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4.15M in 2025 against €4.80M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105.10M
Fixed assets
€88.12M ▲ 27.6%
Current assets
€16.98M ▼ 4.2%
Equity and liabilities €105.10M
Equity
€101.16M ▲ 22.8%
Debt
€3.94M ▼ 10.5%
Debt's share of the balance-sheet total falls from 5.1% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-3.29M▲
2024 · €-4.01M
Cash flow
€19.63M▲
2024 · €-3.38M
Current ratio
5.32▲
2024 · 4.82
Debt to equity
0.04▼
2024 · 0.05
ROE
18.6%▲
2024 · -5.1%
ROA
17.9%▲
2024 · -4.8%
Interest coverage
15.50▲
2024 · -10.20
Debt ≤ 1 year
€3.19M▼
2024 · €3.67M
Debt > 1 year
€7k=
2024 · €7k
Income taxes
€114k▼
2024 · €171k
Staff costs
€541k▲
2024 · €506k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86.79M€105.10M▲
Fixed assets21/28€69.07M€88.12M▲
Tangible fixed assets22/27€12.51M€13.58M▲
Land and buildings22€9.40M€8.99M▼
Plant, machinery and equipment23€2.57M€2.99M▲
Furniture and vehicles24€35k€35k▼
Assets under construction and advance payments27€504k€1.56M▲
Financial fixed assets28€56.57M€74.54M▲
Current assets29/58€17.71M€16.98M▼
Amounts receivable after more than one year29€285k€704k▲
Other amounts receivable291€285k€704k▲
Amounts receivable within one year40/41€415k€5.17M▲
Trade receivables40€18k€16k▼
Other amounts receivable41€397k€5.15M▲
Current investments50/53€16.52M€9.32M▼
Cash at bank and in hand54/58€460k€1.45M▲
Deferred charges and accrued income490/1€34k€335k▲
Equity and liabilities
Total equity and liabilities10/49€86.79M€105.10M▲
Equity10/15€82.39M€101.16M▲
Contributions10/11€24.35M€24.35M=
Capital10€24.35M€24.35M=
Reserves13€58.04M€76.81M▲
Amounts payable17/49€4.40M€3.94M▼
Amounts payable after more than one year17€7k€7k=
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€3.67M€3.19M▼
Trade debts44€174k€882k▲
Suppliers440/4€174k€882k▲
Taxes, remuneration and social security45€81k€71k▼
Taxes450/3€2k€479▼
Remuneration and social security454/9€79k€70k▼
Accrued charges and deferred income492/3€722k€741k▲
Income statement
Code20242025
Remuneration, social security and pensions62€506k€541k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€789k€855k▲
Other operating charges640/8€4.27M€4.49M▲
Gross operating margin9900€759k€1.74M▲
Operating profit (loss)9901€-4.80M€-4.15M▲
Financial income75/76B€1.19M€22.82M▲
Recurring financial income75€925k€2.31M▲
Non-recurring financial income76B€270k€20.51M▲
Financial charges65/66B€394k€-212k▼
Recurring financial charges65€394k€-212k▼
Profit (loss) for the period before taxes9903€-4.00M€18.89M▲
Income taxes67/77€171k€114k▼
Profit (loss) for the period9904€-4.17M€18.77M▲
Profit (loss) for the period to be appropriated9905€-4.17M€18.77M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4.17M€18.77M▲
From contributions791€4.17M€33k▼
To contributions691-€18.81M
Social balance
Average headcount (FTE)90876.06.0=
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
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
General meeting · Approval
Dissolution · Liquidation
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €18.77M
Net result €18.77M after 3 loss-making years.
31-12
Financial
Equity above €100MEq €101.16M ▲22.8%
Equity rises from €82.39M to €101.16M.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €48.20M ▲1129%
Operating result €48.38M, net result €48.20M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 24.05
Current ratio from 6.96 to 24.05; short-term debt falls from €6.28M to €3.73M.
31-12
Financial
Equity above €50MEq €90.19M ▲115%
2 profitable years in a row build equity to €90.19M.
Show earlier events
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3.92M
Net result €3.92M after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Sint-Pieters-Woluwe · 7 establishment units since 1922
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.
Maurice Liétartstraat 311150 Sint-Pieters-WoluweGround area
5.2 ha
Building footprint
1.2 ha
Volume, LiDAR
212,959 m³
6 parcels, Brussels, Wallonia · tallest building 44.5 m, ±7 floors. Linked by address, not a title deed.
7 establishment units
MERCURIAN ASBL
since 19222.143.381.779
MERCURIAN ASBL
since 19222.143.381.878
MERCURIAN ASBL
since 19222.143.381.977
MERCURIAN ASBL
since 19222.143.382.076
MERCURIAN ASBL
since 19222.143.382.175
MERCURIAN ASBL
since 19222.143.382.274
Show 1 more locations
MERCURIAN ASBL
since 19222.146.201.610
6 parcels
Wallonia
2
(33.3%)
Brussels
4
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135A0481/00A000 | Wallonia | 3.8 ha | 1 · 1,119 m² | 19.2 m · 5 fl. |
| 21362B0306/00G002 | Brussels | 8,204 m² | 1 · 9,654 m² | 44.5 m · 7 fl. |
| 21019A0215/00B014 | Brussels | 3,948 m² | 1 · 868 m² | 22.8 m · 6 fl. |
| 21442A0071/00H006 | Brussels | 1,401 m² | - | - |
| 21005A0590/00Z003 | Brussels | 439 m² | 1 · 213 m² | 20.9 m · 5 fl. |
| 92094C1218/00G000 | Wallonia | 102 m² | 1 · 64 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.143.382.274
Legal Entity Identifier
9676007MIZXVQEMU6V26
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Of 3,134 companies in sector 94999 we hold annual accounts for 707. 39 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 formNon-profit association
Founded03-08-1922
Fiscal year end31-12
Activities, NACEBEL 2025
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:econ.secretariat@jesuites.be
Phone:027380808
Fax:027380809