Equity
€863,180 ▼ 4.7%
MERECK paid out €1,600 in dividends in a year with a loss of €40,603.
MERECK
Lifetime
18 annual accounts with figures on one time axis, 27 filings since 1999peak €360,621 (2023)
-€6,579▼ €60,066
lowest -€150,928 (2009)
-€40,603▼ €44,042
peak €905,383 (2024)
€863,180▼ 4.7%
€596,538▼ 1.9%
Board2 names since 1998
2 directorsCarine Spittael-Speeckaert and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €53,488 to -€6,579Loss of €40,603Dividend €1,600Cash from €6,244 to €12,220
Key points
from the 2025 annual accountsFilings
27 annual accounts since 1999
Two of the last ten came late. The 2022 accounts came latest: 30 days after the end of the period.
Position in the sector
-€40,603
Lower net result than 91% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
Turnover not published (abbreviated or micro format)
Checked score
91
Excellent
Financially stronger than 30% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.80, cash €12,220
lowers risk
Size: total assets €1.5m
Figures for financial year 2025 (filed on 31-07-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 54% of them on solvency, 18% on liquidity, 16% on profitability and 33% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as MERECK has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MERECK itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for MERECK. 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.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.8 (1.94 in 2024), above the usual 1.5. Short-term debt is 30.4% and cash 0.8% of total assets. 41.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 days late
2023
19 days early
2022
30 days late
2021
10 days early
2020
9 days early
2019
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- René Mergan 955 sharesdeed of 21-03-2022
- Carine Spittael- Speeckaert 125 sharesdeed of 21-03-2022
Shares in 1 company, MERGAN & ZONEN
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies · Aalst
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462195892
Merger: MERECK takes over MERGAN & ZONEN
Permanent representative: MERGAN René · “1. Alle mogelijke advies- en/of dienstenfuncties; 2. Consultancy, opleiding, technische expertise en bijstand…” (deed in Dutch) · The company holds all the shares of MERGAN & ZONEN · General meeting of 16-05-2022 · Gazette deed
New establishment in Aalst
Walburgaweg 25
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MERECK Aalst | €1.5m | -€6,579 | 58.9% | - |
| Cassel Maarkedal | €1.7m | -€801 | 72.8% | - |
| IMMONA CONSULT Nazareth-De Pinte | €1.8m | -€41,696 | 14.8% | 0 |
| DRAGON REAL ESTATE Meise | €1.5m | -€2,597 | 98.8% | - |
| OSSEVEN Oud-Turnhout | €1.5m | -€1,785 | 59.6% | - |
| 10Belgium Brasschaat | €1.5m | -€26,261 | 98.8% | - |
| SIPIM Uccle | €1.6m | -€13,125 | 80.2% | - |
These companies have the same main activity as MERECK: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.5m and €1.8m, founded between 1994 and 1998.
Official details
Source: KBO- Status
- Active since 22-12-1997Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment units
- 2.084.755.5739310 Aalst, since 30-12-1997
- 2.332.873.1609310 Aalst, since 16-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Annual accounts 2025
- €1.5m▼ 3.7%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MERECK
MERECK files the abbreviated format. That format states no turnover. The gross margin fell from €56,219 in 2008 to -€6,579 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MERECK
- What is the company number of MERECK?
- The company number of MERECK is 0462.195.892. The VAT number is the same number with BE in front: BE 0462.195.892.
- Where is MERECK based?
- The registered office is at Nedermolenstraat 74, 9310 Aalst.Company details
- What does MERECK do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MERECK?
- MERECK is a public limited company (NV).
- When was MERECK founded?
- MERECK was founded on 22-12-1997.
- Is MERECK still active?
- Yes, MERECK is an active enterprise in the KBO register.
- What is the turnover of MERECK?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is MERECK profitable?
- In financial year 2025, MERECK made a loss of €40,603.
- Where can I find the annual accounts of MERECK?
- MERECK filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MERECK due?
- MERECK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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