MERELHOF
ActiveMERELHOF has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.88M and a net result of €2.29M. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+56
Solvency100▲+30
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390k at 30 days acceptable
Liquidity ample (current ratio 8.79 against 0.97 in 2024), and 11.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
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
88.1%
Return on assets
52%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d early
2023
33 d early
2022
19 d early
2021
39 d early
2020
31 d late
2019
16 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
13-09-2026 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
€2.29M▲ 1,540%
2024 · €140k
2018: €854k
2019: €913k
2020: €49k
2021: €-133k
2022: €402k
2023: €505k
2024: €140k
2018 → 2025
Working capital
€3.84M
2024 · €-51k
2018: €-636k
2019: €-408k
2020: €-372k
2021: €-467k
2022: €71k
2023: €707k
2024: €-51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€543k-€945k▲ 74.0%€1.45M▲ 53.4%€1.59M▲ 9.6%€3.88M▲ 144%
Operating result€-80k-€458k€597k▲ 30.3%€240k▼ 59.7%€3.03M▲ 1,161%
Net result€-133k-€402k€505k▲ 25.6%€140k▼ 72.3%€2.29M▲ 1,540%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,161% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.41M
Fixed assets
€72k▼ 95.8%
Current assets
€4.34M▲ 168%
Equity and liabilities €4.41M
Equity
€3.88M▲ 144%
Debt
€526k▼ 69.7%
The debt ratio falls from 52.2% to 11.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.07M▲
2024 · €560k
Cash flow
€2.33M▲
2024 · €460k
Solvency
88.1%▲
2024 · 47.8%
Current ratio
8.79▲
2024 · 0.97
Quick ratio
8.79▲
2024 · 0.91
Debt / equity
0.14▼
2024 · 1.09
ROE
59.1%▲
2024 · 8.8%
ROA
52.0%▲
2024 · 4.2%
Interest coverage
536.61▲
2024 · 8.18
Debt
€526k▼
2024 · €1.74M
Debt ≤ 1 year
€494k▼
2024 · €1.67M
Income taxes
€766k▲
2024 · €48k
Staff costs
€62k▼
2024 · €87k
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€3.33M€4.41M▲
Fixed assets21/28€1.71M€72k▼
Tangible fixed assets22/27€1.70M€72k▼
Land and buildings22€1.49M€10k▼
Plant, machinery and equipment23€119k€0▼
Furniture and vehicles24€93k€62k▼
Financial fixed assets28€2k€0▼
Current assets29/58€1.62M€4.34M▲
Stocks and contracts in progress3€93k€2k▼
Stocks30/36€93k€2k▼
Amounts receivable within one year40/41€1.19M€847k▼
Trade receivables40€53k€32k▼
Other amounts receivable41€1.13M€815k▼
Current investments50/53-€3.00M
Cash at bank and in hand54/58€332k€489k▲
Deferred charges and accrued income490/1€10k€0▼
Equity and liabilities
Total equity and liabilities10/49€3.33M€4.41M▲
Equity10/15€1.59M€3.88M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.53M€3.82M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€196€0▼
Distributable reserves133€1.52M€3.82M▲
Amounts payable17/49€1.74M€526k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.67M€494k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€1€0▼
Credit institutions430/8€1€0▼
Trade debts44€20k€12k▼
Suppliers440/4€20k€12k▼
Bills of exchange payable441€0-
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€1.65M€478k▼
Accrued charges and deferred income492/3€66k€32k▼
Income statement
Code20242025
Non-recurring operating income76A€0€243k▲
Remuneration, social security and pensions62€87k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€320k€36k▼
Other operating charges640/8€447k€893k▲
Non-recurring operating charges66A-€1.60M
Gross operating margin9900€1.09M€5.62M▲
Operating profit (loss)9901€240k€3.03M▲
Financial income75/76B€16k€34k▲
Recurring financial income75€16k€34k▲
Financial charges65/66B€68k€6k▼
Recurring financial charges65€68k€6k▼
Profit (loss) for the period before taxes9903€188k€3.06M▲
Income taxes67/77€48k€766k▲
Profit (loss) for the period9904€140k€2.29M▲
Profit (loss) for the period to be appropriated9905€140k€2.29M▲
Appropriation of the result
Profit (loss) to be appropriated9906€140k€2.29M▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€140k€2.29M▲
To other reserves6921€140k€2.29M▲
Social balance
Average headcount (FTE)90872.00.0▼
The notes to these accounts (20 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.29M ▲1540%
Operating result €3.03M, net result €2.29M, both a record.
31-12
Financial
Liquidity times 9current ratio 8.79
Current ratio from 0.97 to 8.79; short-term debt falls from €1.67M to €494k.
31-12
Financial
Equity above €2MEq €3.88M ▲144%
4 profitable years in a row build equity to €3.88M.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.45M ▲53.4%
2 profitable years in a row build equity to €1.45M.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €402k
Net result €402k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-133k ▼369%
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €627k ▲164%
2 profitable years in a row build equity to €627k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Rijkevorsel · 1 establishment unit since 1994
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.
Gansheideweg 42310 RijkevorselGround area
3,129 m²
Building footprint
389 m²
Volume, LiDAR
2,285 m³
Parcel 13502E0598/00K002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MERELHOF NV
since 19942.066.249.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502E0598/00K002 | Flanders | 3,128 m² | 1 · 389 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,521,058 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,521,058 EUR | 0 EUR |
Schemes
Schadevergoeding van de overheid
Similar companies · same sector, comparable size
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DAVAKO
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HENS PIGLAND
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Of 902 companies in sector 01461 we hold annual accounts for 295. 160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-03-1994
Fiscal year end31-12
Activities, NACEBEL
01461Pig breeding farms
51230
01462Crop and animal production, hunting and related service activities
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.