merddin
ActiveThe annual accounts of merddin for fiscal year 2025 show a net loss of 73% of total assets. The 2025 annual accounts show equity of €41k and a net result of €-39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 8663 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.48 against 2.02 in 2024; short-term debt: 21.6% and cash: 23.1% of total assets), and 21.6% of the assets are financed with debt.
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 2025Solvency, return and age of the figures
Solvency
78.4%
Return on assets
-73.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-39k
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 27-04-2026, 95 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
95 d early
2024
93 d early
2023
58 d early
2022
30 d early
2021
23 d early
2020
47 d early
2019
36 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 48.3%
2024 · €80k
2018: €23k
2019: €16k
2020: €103k
2021: €157k
2022: €130k
2023: €109k
2024: €80k
2018 → 2025
Total assets
€53k▼ 50.3%
2024 · €106k
2018: €37k
2019: €23k
2020: €189k
2021: €219k
2022: €157k
2023: €135k
2024: €106k
2018 → 2025
Net result
€-39k▼ 32.6%
2024 · €-29k
2018: €1k
2019: €-7k
2020: €87k
2021: €55k
2022: €-27k
2023: €-21k
2024: €-29k
2018 → 2025
Working capital
€28k▲ 5.8%
2024 · €27k
2018: €23k
2019: €16k
2020: €-8k
2021: €-19k
2022: €-3k
2023: €12k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€130k▼ 17.3%€109k▼ 16.4%€80k▼ 26.7%€41k▼ 48.3%
Operating result€97k-€-13k€-7k▲ 50.4%€-16k▼ 150%€-32k▼ 92.6%
Net result€55k-€-27k€-21k▲ 21.9%€-29k▼ 36.4%€-39k▼ 32.6%
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 stays negative: a loss of €32k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€13k▼ 75.3%
Current assets
€39k▼ 24.9%
Equity and liabilities €53k
Equity
€41k▼ 48.3%
Debt
€11k▼ 56.4%
The debt ratio falls from 24.6% to 21.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €29k
Cash flow
€7k▼
2024 · €17k
Solvency
78.4%▲
2024 · 75.4%
Current ratio
3.48▲
2024 · 2.02
Quick ratio
3.48▲
2024 · 2.02
Debt / equity
0.27▼
2024 · 0.33
ROE
-93.5%▼
2024 · -36.4%
ROA
-73.4%▼
2024 · -27.5%
Interest coverage
189.11▼
2024 · 424.08
Debt
€11k▼
2024 · €26k
Debt ≤ 1 year
€11k▼
2024 · €26k
Income taxes
€7k▼
2024 · €12k
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€106k€53k▼
Fixed assets21/28€53k€13k▼
Tangible fixed assets22/27€53k€13k▼
Furniture and vehicles24€49k€10k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€52k€39k▼
Amounts receivable within one year40/41€18k€23k▲
Trade receivables40€15k€16k▲
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€31k€12k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€106k€53k▼
Equity10/15€80k€41k▼
Contributions10/11€20k€20k=
Reserves13€148€148=
Distributable reserves133€148€148=
Profit (loss) carried forward14€60k€21k▼
Amounts payable17/49€26k€11k▼
Amounts payable within one year42/48€26k€11k▼
Trade debts44€26k€11k▼
Suppliers440/4€26k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€45k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€32k€17k▼
Operating profit (loss)9901€-16k€-32k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€69€70▲
Recurring financial charges65€69€70▲
Profit (loss) for the period before taxes9903€-17k€-32k▼
Income taxes67/77€12k€7k▼
Profit (loss) for the period9904€-29k€-39k▼
Profit (loss) for the period to be appropriated9905€-29k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€21k▼
Profit (loss) brought forward from the previous period14P€89k€60k▼
The notes to these accounts (5 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €157k ▲53.2%
2 profitable years in a row build equity to €157k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
31-12
Financial
Equity above €100kEq €103k ▲561%
Equity rises from €16k to €103k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 40 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2016
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.
Bredestraat 42000 AntwerpenGround area
449 m²
Building footprint
231 m²
Volume, LiDAR
3,119 m³
Parcel 11804D1464/00F000, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Merddin
since 20162.252.709.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1464/00F000 | Flanders | 449 m² | 1 · 231 m² | 17.9 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 36,923 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47639Retail sale of other sporting goods
47640Retail trade
62010Computer programming, consultancy and related activities
62030Computer programming, consultancy and related activities
62100Computer programming
62200Computer consultancy and computer facilities management
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.