MERGAN & C°
ActiveSummary
MERGAN & C° has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €460. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 87% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+14
Solvency100▲+12
Growth39▼-7
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.07 in 2024; short-term debt: 17.6% and cash: 8.6% of total assets), and 17.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
82.4%
Return on assets
0.4%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
on the day
2022
25 d early
2021
14 d early
2020
39 d early
2019
24 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, micro schema
Turnover
€128k▼ 38.1%
2024 · €207k
2018: €207k
2019: €170k
2020: €162k
2021: €245k
2022: €185k
2023: €233k
2024: €207k
2018 → 2025
EBIT margin
1.0%▲ 3.7pp
2024 · -2.7%
2018: 2.9%
2019: 5.4%
2020: 4.0%
2021: 6.1%
2022: -6.6%
2023: 1.5%
2024: -2.7%
2018 → 2025
Net result
€460
2024 · €-8k
2018: €5k
2019: €7k
2020: €5k
2021: €14k
2022: €-14k
2023: €2k
2024: €-8k
2018 → 2025
Working capital
€23k▲ 570%
2024 · €3k
2018: €-44k
2019: €-36k
2020: €-32k
2021: €-9k
2022: €-17k
2023: €-1k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€245k-€185k▼ 24.4%€233k▲ 25.6%€207k▼ 11.0%€128k▼ 38.1%
Equity€118k-€104k▼ 11.6%€107k▲ 2.4%€99k▼ 7.3%€99k▲ 0.5%
Operating result€15k-€-12k€4k€-6k€1k
Net result€14k-€-14k€2k€-8k€460
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121k
Fixed assets
€76k ▼ 25.5%
Current assets
€44k ▼ 17.6%
Equity and liabilities €121k
Equity
€99k ▲ 0.5%
Debt
€21k ▼ 63.0%
Debt's share of the balance-sheet total falls from 36.7% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €6k
Cash flow
€12k▲
2024 · €4k
Current ratio
2.08▲
2024 · 1.07
Quick ratio
1.19▲
2024 · 0.68
Debt to equity
0.21▼
2024 · 0.58
ROE
0.5%▲
2024 · -7.8%
ROA
0.4%▲
2024 · -5.0%
Interest coverage
16.27▲
2024 · 7.88
Debt ≤ 1 year
€21k▼
2024 · €50k
Income taxes
€196▼
2024 · €1k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€121k▼
Fixed assets21/28€103k€76k▼
Tangible fixed assets22/27€25k€14k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€15k€7k▼
Other tangible fixed assets26€7k€5k▼
Financial fixed assets28€78k€63k▼
Current assets29/58€53k€44k▼
Stocks and contracts in progress3€19k€19k▼
Stocks30/36€19k€18k▼
Contracts in progress37€500€900▲
Amounts receivable within one year40/41€34k€15k▼
Trade receivables40€28k€10k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€264€10k▲
Equity and liabilities
Total equity and liabilities10/49€156k€121k▼
Equity10/15€99k€99k▲
Contributions10/11€30k€30k=
Reserves13€24k€24k=
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Profit (loss) carried forward14€45k€46k▲
Amounts payable17/49€57k€21k▼
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€50k€21k▼
Financial debts43€11k€7k▼
Credit institutions430/8€11k€7k▼
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Other amounts payable47/48€21k€11k▼
Income statement
Code20242025
Turnover70€207k€128k▼
Goods, raw materials, services and sundry goods60/61€199k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€8k€14k▲
Operating profit (loss)9901€-6k€1k▲
Financial income75/76B€8€199▲
Recurring financial income75€8€149▲
Non-recurring financial income76B-€50
Financial charges65/66B€805€762▼
Recurring financial charges65€805€762▼
Profit (loss) for the period before taxes9903€-6k€656▲
Income taxes67/77€1k€196▼
Profit (loss) for the period9904€-8k€460▲
Profit (loss) for the period to be appropriated9905€-8k€460▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€46k▲
Profit (loss) brought forward from the previous period14P€53k€45k▼
The notes to these accounts (6 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €460
Net result €460 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k ▼198%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €14k ▲192%
Operating result €15k, net result €14k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €104k ▲4.8%
3 profitable years in a row build equity to €104k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Opwijk · 1 establishment unit since 1960
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.
Broekstraat 971745 OpwijkGround area
632 m²
Building footprint
117 m²
Volume, LiDAR
777 m³
Parcel 23060B0183/00X000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Broekstraat 97, 1745 Opwijk
since 19602.004.793.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0183/00X000 | Flanders | 632 m² | 1 · 117 m² | 9.1 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.
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,712 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 formPrivate limited company
Founded16-03-1960
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.