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MERIC

Active
Private limited companyfounded 198937 yrs activeBurgemeester Etienne Demunterl. 5, 1090 Jette, BelgiumKBO/BCE: BE 0437.858.493
Summary

MERIC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150,424 and a net result of €5,370. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability46▼-34
Solvency82▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.47 in 2023; short-term debt: 23.2% and cash: 21% of total assets), and 43% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
31 d late
2022
31 d late
2021
41 d early
2020
13 d late
2019
48 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MERIC was incorporated on 30 June 1989.1 Total assets rose from EUR 231,300 in 2018 to EUR 264,046 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,370▼ 79.7%
2023 · €26,443
Working capital
€66,058▼ 17.0%
2023 · €79,574
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€30,563▲ 29.3%€17,001▼ 44.4%-€88,864€19,182€6,896▼ 64.0%
Net result€75,189above the sector's middle half▲ 253%€19,083within the sector's middle half▼ 74.6%-€77,717below the sector's middle half€26,443within the sector's middle half€5,370below the sector's middle half▼ 79.7%
Equity€253,278above the sector's middle half▲ 27.9%€245,361within the sector's middle half▼ 3.1%€155,444within the sector's middle half▼ 36.6%€166,054within the sector's middle half▲ 6.8%€150,424within the sector's middle half▼ 9.4%
Total assets€288,398within the sector's middle half▲ 30.7%€302,040within the sector's middle half▲ 4.7%€309,462within the sector's middle half▲ 2.5%€286,690within the sector's middle half▼ 7.4%€264,046within the sector's middle half▼ 7.9%
Debt€35,120▲ 55.9%€56,678▲ 61.4%€154,018▲ 172%€120,636▼ 21.7%€113,622▼ 5.8%
Working capital€100,623▲ 139%€84,189▼ 16.3%€74,869▼ 11.1%€79,574▲ 6.3%€66,058▼ 17.0%
Solvency87.8%above the sector's middle half▼ 2.0pp81.2%above the sector's middle half▼ 6.6pp50.2%within the sector's middle half▼ 31.0pp57.9%within the sector's middle half▲ 7.7pp57.0%within the sector's middle half▼ 1.0pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2020: €30,563€30,563Net result 2020: €75,189€75,189Operating result 2021: €17,001€17,001Net result 2021: €19,083€19,083Operating result 2022: -€88,864-€88,864Net result 2022: -€77,717-€77,717Operating result 2023: €19,182€19,182Net result 2023: €26,443€26,443Operating result 2024: €6,896€6,896Net result 2024: €5,370€5,37020202021202220232024-€100,000-€50,000€0€50,000Operating result 2022: -€88,864-€88,900Net result 2022: -€77,717-€77,700Operating result 2023: €19,182€19,200Net result 2023: €26,443€26,400Operating result 2024: €6,896€6,900Net result 2024: €5,370€5,370202220232024
The operating result falls in 2024; 2024 is 64% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264,046
Fixed assets €136,854 ▼ 10.6%
Current assets €127,192 ▼ 4.8%
Equity and liabilities €264,046
Equity €150,424 ▼ 9.4%
Debt €113,622 ▼ 5.8%
Debt's share of the balance-sheet total rises from 42.1% to 43.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16,317▼
2023 · €27,370
Cash flow
€14,790▼
2023 · €34,631
Current ratio
2.08▼
2023 · 2.47
Debt to equity
0.76▲
2023 · 0.73
ROE
3.6%▼
2023 · 15.9%
ROA
2.0%▼
2023 · 9.2%
Interest coverage
2.91▼
2023 · 8.31
Debt ≤ 1 year
€61,134▲
2023 · €54,087
Debt > 1 year
€52,488▼
2023 · €66,549
Income taxes
€827▼
2023 · €2,878
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€286,690€264,046▼
Fixed assets21/28€153,029€136,854▼
Tangible fixed assets22/27€18,599€14,924▼
Plant, machinery and equipment23€4,866€3,055▼
Furniture and vehicles24€7,733€5,868▼
Other tangible fixed assets26€6,000€6,000=
Financial fixed assets28€134,430€121,930▼
Current assets29/58€133,661€127,192▼
Amounts receivable within one year40/41€64,619€42,928▼
Trade receivables40€24,000€22,990▼
Other amounts receivable41€40,619€19,938▼
Current investments50/53€2,890€2,890=
Cash at bank and in hand54/58€39,977€55,362▲
Deferred charges and accrued income490/1€26,174€26,013▼
Equity and liabilities
Total equity and liabilities10/49€286,690€264,046▼
Equity10/15€166,054€150,424▼
Contributions10/11€18,600€18,600=
Reserves13€144,769€129,139▼
Distributable reserves133€144,769€129,139▼
Profit (loss) carried forward14€2,685€2,685=
Amounts payable17/49€120,636€113,622▼
Amounts payable after more than one year17€66,549€52,488▼
Financial debts170/4€66,549€52,488▼
Amounts payable within one year42/48€54,087€61,134▲
Current portion of amounts payable after more than one year42€14,093€14,061▼
Financial debts43€325-
Credit institutions430/8€325-
Trade debts44€2,932€9,693▲
Suppliers440/4€2,932€9,693▲
Taxes, remuneration and social security45€9,913€8,649▼
Taxes450/3€9,913€8,649▼
Other amounts payable47/48€26,824€28,731▲
Income statement Code20232024
Non-recurring operating income76A€7,692-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,188€9,421▲
Other operating charges640/8€1,688€3,813▲
Gross operating margin9900€29,058€20,130▼
Operating profit (loss)9901€19,182€6,896▼
Financial income75/76B€13,432€16,664▲
Recurring financial income75€13,432€16,664▲
Financial charges65/66B€3,293€17,363▲
Recurring financial charges65€3,293€5,604▲
Non-recurring financial charges66B-€11,759
Profit (loss) for the period before taxes9903€29,321€6,197▼
Income taxes67/77€2,878€827▼
Profit (loss) for the period9904€26,443€5,370▼
Profit (loss) for the period to be appropriated9905€26,443€5,370▼
Appropriation of the result
Profit (loss) to be appropriated9906€29,918€8,054▼
Profit (loss) brought forward from the previous period14P€3,475€2,685▼
Transfer from equity791/2€15,000€21,000▲
Transfer to equity691/2€26,400€5,370▼
To other reserves6921€26,400€5,370▼
Profit to be distributed694/7€15,833€21,000▲
Return on contributions (dividend)694€15,833€21,000▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A---€7,692--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,264€7,264€8,802€8,188€9,421▲ 15.1%
Other operating charges640/8-€3,206€1,476€1,688€3,813▲ 126%
Gross operating margin9900€35,470€27,472-€78,586€29,058€20,130▼ 30.7%
Operating profit (loss)9901€30,563€17,001-€88,864€19,182€6,896▼ 64.0%
Financial income75/76B-€13,515€14,149€13,432€16,664▲ 24.1%
Recurring financial income75€63,494€13,515€14,149€13,432€16,664▲ 24.1%
Financial charges65/66B-€683€2,334€3,293€17,363▲ 427%
Recurring financial charges65€530€683€2,334€3,293€5,604▲ 70.2%
Non-recurring financial charges66B----€11,759-
Profit (loss) for the period before taxes9903€93,526€29,833-€77,049€29,321€6,197▼ 78.9%
Income taxes67/77€18,337€10,749€668€2,878€827▼ 71.3%
Profit (loss) for the period9904€75,189€19,083-€77,717€26,443€5,370▼ 79.7%
Profit (loss) for the period to be appropriated9905€75,189€19,083-€77,717€26,443€5,370▼ 79.7%
Line20202021202220232024Change
Assets
Total assets20/58€288,398€302,040€309,462€286,690€264,046▼ 7.9%
Fixed assets21/28€152,655€166,665€161,217€153,029€136,854▼ 10.6%
Tangible fixed assets22/27€18,225€32,235€26,787€18,599€14,924▼ 19.8%
Plant, machinery and equipment23-€8,488€6,677€4,866€3,055▼ 37.2%
Furniture and vehicles24-€17,747€14,110€7,733€5,868▼ 24.1%
Other tangible fixed assets26-€6,000€6,000€6,000€6,000=
Financial fixed assets28€134,430€134,430€134,430€134,430€121,930▼ 9.3%
Current assets29/58€135,743€135,375€148,245€133,661€127,192▼ 4.8%
Amounts receivable within one year40/41€80,580€73,116€59,127€64,619€42,928▼ 33.6%
Trade receivables40-€16,698€17,663€24,000€22,990▼ 4.2%
Other amounts receivable41-€56,418€41,465€40,619€19,938▼ 50.9%
Current investments50/53€2,890€2,890€2,890€2,890€2,890=
Cash at bank and in hand54/58€48,288€54,151€58,310€39,977€55,362▲ 38.5%
Deferred charges and accrued income490/1-€5,217€27,917€26,174€26,013▼ 0.6%
Equity and liabilities
Total equity and liabilities10/49€288,398€302,040€309,462€286,690€264,046▼ 7.9%
Equity10/15€253,278€245,361€155,444€166,054€150,424▼ 9.4%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€152,687€144,769€133,369€144,769€129,139▼ 10.8%
Non-distributable reserves130/1-€3,099€3,099---
Reserves not available under the articles1311-€3,099€3,099---
Distributable reserves133-€141,671€130,271€144,769€129,139▼ 10.8%
Profit (loss) carried forward14€81,991€81,992€3,475€2,685€2,685=
Amounts payable17/49€35,120€56,678€154,018€120,636€113,622▼ 5.8%
Amounts payable after more than one year17-€5,493€80,642€66,549€52,488▼ 21.1%
Financial debts170/4-€5,493€80,642€66,549€52,488▼ 21.1%
Amounts payable within one year42/48€35,120€51,185€73,376€54,087€61,134▲ 13.0%
Current portion of amounts payable after more than one year42-€4,993€18,350€14,093€14,061▼ 0.2%
Financial debts43--€1,305€325--
Credit institutions430/8--€1,305€325--
Trade debts44€2,919€4,058€4,507€2,932€9,693▲ 231%
Suppliers440/4-€4,058€4,507€2,932€9,693▲ 231%
Taxes, remuneration and social security45-€15,873€7,530€9,913€8,649▼ 12.7%
Taxes450/3-€15,873€7,530€9,913€8,649▼ 12.7%
Other amounts payable47/48-€26,261€41,684€26,824€28,731▲ 7.1%
Line20202021202220232024Change
Profit (loss) for the period9904€75,189€19,083-€77,717€26,443€5,370▼ 79.7%
+ Depreciation and write-downs630€3,264€7,264€8,802€8,188€9,421▲ 15.1%
Operating cash flow (approximation)€78,453€26,347-€68,915€34,631€14,790▼ 57.3%
Investment in fixed assets (approximation)--€21,273-€3,354€0€6,755-
Change in cash-€5,863€4,159-€18,333€15,385▲ 184%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Back to profitnet €26,443
Net result €26,443 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Weakest financial yearnet -€77,717
Net result drops to -€77,717, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial Highest result since 2018net €75,189 ▲253%
Operating result €30,563, net result €75,189, both a record.
31-12
Financial Equity above €200,000Eq €253,278 ▲27.9%
3 profitable years in a row build equity to €253,278.
17-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
10-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
09-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Jette · 2 establishment units since 1989
establishment 1 of 2 establishment units on the map
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.

Burgemeester Etienne Demunterl. 51090 Jette
Ground area
1,184 m²
Building footprint
103 m²
Volume, LiDAR
707 m³
Parcel 23088A0108/00B002, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MERIC
Berkendallaan 65, 1800 VilvoordeNACE 74121
since 19892.045.258.955
MERIC
Burgemeester Etienne Demunterl. 5, 1090 JetteLegal and accounting activities
since 20162.261.981.206
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23088A0108/00B002 Flanders 1,184 m² 1 · 103 m² 11.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of MERIC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,508 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID 0208:0437858493
Also 9925:BE0437858493
Registered 14-01-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.