MERE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 04-05-2026 PDF all 44 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a profit of €198,742, after a loss of €68,817 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 30 | 1 | - |
| full-time | 17 | 1 | - |
| part-time | 13 | 0 | - |
| in full-time equivalents | 26.3 | 1 | - |
| Average over the year, in full-time equivalents | 32.9 | 22.6 | 0.3 |
| On a permanent contract | 30 | 1 | - |
| Joined | 38 | 30 | 0 |
| Left | 41 | 59 | 1 |
| Training hours | 3,071 | 2,180 | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €1.4m | €910,622 | €799,473 | - |
| Mortgages, amount registered | €27,500 | €27,500 | €27,500 | €27,500 |
| Mortgage mandates | €2.3m | €2.3m | €2.3m | €2.3m |
| Carrying value of the mortgaged assets | €1.9m | €355,981 | €336,352 | €658,981 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €49,417 | - | €2,149 | €363,813 |
| Depreciation and write-downs of the year | €306,459 | €210,803 | €19,853 | €40,628 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €11,701 awarded · €11,701 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €2,608 | €2,608 |
| 2022 | 2 | €9,093 | €9,093 |
Companies with the same profile, two years later
Historical observationIn July 2024, 20,136 companies had the same profile as MERE has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MERE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for MERE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.04m | €0.1m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.1m | €0.02m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.02m | €0.04m | ▲ 105% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.01m | €0.04m | ▲ 230% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.04m | €0 | ▼ 100% |
| Gross operating margin9900 | €1.2m | €1.6m | €1.8m | €1.6m | €1.8m | €0.03m | €0.3m | ▲ 874% |
| Operating profit (loss)9901 | -€0.1m | €0.2m | €0.3m | -€0.01m | €0.5m | -€0.07m | €0.2m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.02m | €0.07m | €0.06m | ▼ 13.9% |
| Recurring financial income75 | €0.007m | €0.02m | €0.009m | €0.01m | €0.02m | €0.07m | €0.06m | ▼ 13.9% |
| Financial charges65/66B | - | - | - | €0.03m | €0.05m | €0.1m | €0.02m | ▼ 84.3% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | €0.1m | €0.02m | ▼ 84.3% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.2m | €0.3m | -€0.03m | €0.5m | -€0.1m | €0.2m | - |
| Income taxes67/77 | €0.001m | €0.001m | €0.01m | €0.001m | €0.1m | €308 | €0.009m | ▲ 29× |
| Profit (loss) for the period9904 | -€0.2m | €0.2m | €0.3m | -€0.03m | €0.4m | -€0.1m | €0.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.2m | €0.3m | -€0.03m | €0.4m | -€0.1m | €0.2m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.1m | €5.1m | €5.0m | €4.5m | €3.4m | €2.7m | €2.6m | ▼ 2.5% |
| Fixed assets21/28 | €3.6m | €3.3m | €3.0m | €2.8m | €0.4m | €0.3m | €0.7m | ▲ 95.5% |
| Tangible fixed assets22/27 | €3.6m | €3.3m | €3.0m | €2.8m | €0.4m | €0.3m | €0.7m | ▲ 95.5% |
| Land and buildings22 | - | - | - | €1.9m | €0.4m | €0.3m | €0.7m | ▲ 95.9% |
| Plant, machinery and equipment23 | - | - | - | €0.6m | €87 | €0.002m | €0.002m | ▼ 18.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0 | - | €0.001m | - |
| Financial fixed assets28 | €0.004m | €0.005m | €0.004m | €0.004m | €0 | - | - | - |
| Current assets29/58 | €1.5m | €1.8m | €2.0m | €1.7m | €3.1m | €2.3m | €1.9m | ▼ 16.8% |
| Stocks and contracts in progress3 | €0.6m | €0.5m | €0.7m | €0.6m | €0 | - | - | - |
| Stocks30/36 | - | - | - | €0.6m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.08m | €0.08m | €0.1m | €0.3m | €0.02m | €0.03m | ▲ 2.4% |
| Trade receivables40 | - | - | - | €0.08m | €0.04m | €0.02m | €0.02m | ▲ 30.3% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.2m | €0.006m | €330 | ▼ 94.0% |
| Current investments50/53 | €0.6m | €0.6m | €0.7m | €0.5m | €0.5m | €2.2m | €1.6m | ▼ 28.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.5m | €0.4m | €2.2m | €0.08m | €0.3m | ▲ 284% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.002m | €0.005m | ▲ 141% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.1m | €5.1m | €5.0m | €4.5m | €3.4m | €2.7m | €2.6m | ▼ 2.5% |
| Equity10/15 | €1.7m | €1.9m | €1.9m | €1.9m | €2.0m | €1.8m | €2.0m | ▲ 13.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.6m | €1.8m | €1.9m | €1.8m | €1.9m | €1.7m | €1.9m | ▲ 13.5% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €1.8m | €1.9m | €1.6m | €1.9m | ▲ 14.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3.4m | €3.2m | €3.1m | €2.6m | €1.4m | €0.9m | €0.6m | ▼ 32.7% |
| Amounts payable after more than one year17 | €1.9m | €1.7m | €1.4m | €1.2m | €0.8m | €0.7m | €0.5m | ▼ 29.3% |
| Financial debts170/4 | - | - | - | €1.2m | €0.8m | €0.7m | €0.5m | ▼ 29.3% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.7m | €1.3m | €0.6m | €0.2m | €0.1m | ▼ 42.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 2.6% |
| Trade debts44 | €1.1m | €1.2m | €1.1m | €0.9m | €0.2m | €0.004m | €0.008m | ▲ 80.9% |
| Suppliers440/4 | - | - | - | €0.9m | €0.2m | €0.004m | €0.008m | ▲ 80.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.03m | €0 | - | - |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.02m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.3m | €0.1m | €0.003m | ▼ 97.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | €97 | ▼ 93.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.2m | €0.3m | -€0.03m | €0.4m | -€0.1m | €0.2m | - |
| + Depreciation and write-downs630 | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.02m | €0.04m | ▲ 105% |
| Operating cash flow (approximation) | €0.2m | €0.5m | €0.6m | €0.3m | €0.6m | -€0.1m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.08m | -€0.03m | -€0.05m | €2.2m | -€0.002m | -€0.4m | ▼ 16,828% |
| Change in cash | - | €0.2m | -€0.07m | -€0.08m | €1.9m | -€2.2m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-05-2026 | 2026-00103286 | |
| 31-03-2024 | abbreviated format | 30-09-2024 | 2024-00481988 | |
| 31-03-2023 | abbreviated format | 16-05-2023 | 2023-00088153 | |
| 31-03-2022 | abbreviated format | 26-09-2022 | 2022-20437050 | |
| 31-03-2021 | abbreviated format | 04-11-2021 | 2021-76500245 | |
| 31-03-2020 | abbreviated format | 30-11-2020 | 2020-73800175 | |
| 31-03-2019 | abbreviated format | 29-10-2019 | 2019-72200298 | |
| 31-03-2018 | abbreviated format | 08-11-2018 | 2018-71800487 | |
| 31-03-2017 | abbreviated format | 27-10-2017 | 2017-68200068 | |
| 31-03-2016 | abbreviated format | 10-10-2016 | 2016-65400502 |