MERIC-TEC
ActiveSummary
MERIC-TEC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €125,083 and a net result of €67,885. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 62% of 9973 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+51
Solvency78▲+21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.88 against 1.19 in 2023; short-term debt: 26.2% and cash: 36.2% of total assets), and 46.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
24 d early
2023
29 d early
2022
28 d early
2021
37 d early
2020
9 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€125,083▲ 179%
2023 · €44,797
Total assets
€235,196▲ 68.6%
2023 · €139,493
Net result
€67,885
2023 · -€31,976
Working capital
€116,007▲ 560%
2023 · €17,575
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€23,050▲ 11.8%€28,755▲ 24.8%€74,131▲ 158%€8,970▼ 87.9%€173,503▲ 1,834%
Net result€16,575within the sector's middle half▲ 12.4%€21,194within the sector's middle half▲ 27.9%€64,917above the sector's middle half▲ 206%-€31,976below the sector's middle half€67,885above the sector's middle half
Equity€49,485within the sector's middle half▲ 50.4%€70,680within the sector's middle half▲ 42.8%€135,597above the sector's middle half▲ 91.8%€44,797within the sector's middle half▼ 67.0%€125,083above the sector's middle half▲ 179%
Total assets€74,006within the sector's middle half▲ 6.9%€95,713within the sector's middle half▲ 29.3%€171,304within the sector's middle half▲ 79.0%€139,493within the sector's middle half▼ 18.6%€235,196within the sector's middle half▲ 68.6%
Debt€24,521▼ 32.5%€25,033▲ 2.1%€35,707▲ 42.6%€94,696▲ 165%€110,114▲ 16.3%
Working capital€41,135within the sector's middle half▲ 225%€70,680within the sector's middle half▲ 71.8%€135,597above the sector's middle half▲ 91.8%€17,575within the sector's middle half▼ 87.0%€116,007above the sector's middle half▲ 560%
Solvency66.9%above the sector's middle half▲ 19.3pp73.8%above the sector's middle half▲ 7.0pp79.2%above the sector's middle half▲ 5.3pp32.1%within the sector's middle half▼ 47.0pp53.2%within the sector's middle half▲ 21.1pp
Current ratio2.68within the sector's middle half▲ 1.333.82above the sector's middle half▲ 1.154.80above the sector's middle half▲ 0.971.19within the sector's middle half▼ 3.612.88within the sector's middle half▲ 1.70
Return on assets (ROA)22.4%above the sector's middle half▲ 1.1pp22.1%above the sector's middle half▼ 0.3pp37.9%above the sector's middle half▲ 15.8pp-22.9%below the sector's middle half▼ 60.8pp28.9%above the sector's middle half▲ 51.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,834% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235,196
Fixed assets
€57,520 ▲ 111%
Current assets
€177,677 ▲ 58.3%
Equity and liabilities €235,196
Equity
€125,083 ▲ 179%
Debt
€110,114 ▲ 16.3%
Debt's share of the balance-sheet total falls from 67.9% to 46.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€184,498▲
2023 · €9,748
Cash flow
€78,880▲
2023 · -€31,199
Debt to equity
0.88▼
2023 · 2.11
ROE
54.3%▲
2023 · -71.4%
Interest coverage
33.75▲
2023 · 5.90
Debt ≤ 1 year
€61,669▼
2023 · €94,696
Income taxes
€100,152▲
2023 · €42,848
Staff costs
€253▲
2023 · €119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €557 | €66 | €119 | €253 | ▲ 112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,890 | €8,350 | - | €778 | €10,994 | ▲ 1,314% |
| Other operating charges640/8 | - | €1,297 | €1,284 | €1,026 | €1,450 | ▲ 41.4% |
| Gross operating margin9900 | €36,718 | €38,959 | €75,480 | €10,893 | €186,201 | ▲ 1,609% |
| Operating profit (loss)9901 | €23,050 | €28,755 | €74,131 | €8,970 | €173,503 | ▲ 1,834% |
| Financial income75/76B | - | €1 | €15,038 | €3,553 | - | - |
| Recurring financial income75 | €3 | €1 | €15,038 | €3,553 | - | - |
| Financial charges65/66B | - | €1,324 | €458 | €1,651 | €5,466 | ▲ 231% |
| Recurring financial charges65 | €52 | €1,324 | €458 | €1,651 | €5,466 | ▲ 231% |
| Profit (loss) for the period before taxes9903 | €23,000 | €27,432 | €88,711 | €10,872 | €168,037 | ▲ 1,446% |
| Income taxes67/77 | €6,425 | €6,237 | €23,794 | €42,848 | €100,152 | ▲ 134% |
| Profit (loss) for the period9904 | €16,575 | €21,194 | €64,917 | -€31,976 | €67,885 | ▲ 312% |
| Profit (loss) for the period to be appropriated9905 | €16,575 | €21,194 | €64,917 | -€31,976 | €67,885 | ▲ 312% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,006 | €95,713 | €171,304 | €139,493 | €235,196 | ▲ 68.6% |
| Fixed assets21/28 | €8,350 | - | - | €27,222 | €57,520 | ▲ 111% |
| Tangible fixed assets22/27 | €8,350 | - | - | €27,222 | €57,520 | ▲ 111% |
| Furniture and vehicles24 | - | - | - | €27,222 | €57,520 | ▲ 111% |
| Current assets29/58 | €65,656 | €95,713 | €171,304 | €112,271 | €177,677 | ▲ 58.3% |
| Amounts receivable within one year40/41 | €7,651 | €62,891 | €99,828 | €39,157 | €92,633 | ▲ 137% |
| Trade receivables40 | - | €58,479 | €91,132 | €32,796 | €79,192 | ▲ 141% |
| Other amounts receivable41 | - | €4,412 | €8,696 | €6,361 | €13,441 | ▲ 111% |
| Cash at bank and in hand54/58 | €58,005 | €32,821 | €71,477 | €73,114 | €85,043 | ▲ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,006 | €95,713 | €171,304 | €139,493 | €235,196 | ▲ 68.6% |
| Equity10/15 | €49,485 | €70,680 | €135,597 | €44,797 | €125,083 | ▲ 179% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €41,425 | €62,620 | €127,537 | €36,737 | €104,623 | ▲ 185% |
| Amounts payable17/49 | €24,521 | €25,033 | €35,707 | €94,696 | €110,114 | ▲ 16.3% |
| Amounts payable within one year42/48 | €24,521 | €25,033 | €35,707 | €94,696 | €61,669 | ▼ 34.9% |
| Trade debts44 | €10,710 | €16,443 | €5,722 | €461 | €36,835 | ▲ 7,890% |
| Suppliers440/4 | - | €16,443 | €5,722 | €461 | €36,835 | ▲ 7,890% |
| Taxes, remuneration and social security45 | - | €8,589 | €29,985 | €44,235 | €24,835 | ▼ 43.9% |
| Taxes450/3 | - | €8,587 | €27,044 | €44,235 | €24,835 | ▼ 43.9% |
| Remuneration and social security454/9 | - | €2 | €2,942 | - | - | - |
| Other amounts payable47/48 | - | - | - | €50,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €48,445 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,575 | €21,194 | €64,917 | -€31,976 | €67,885 | ▲ 312% |
| + Depreciation and write-downs630 | €11,890 | €8,350 | - | €778 | €10,994 | ▲ 1,314% |
| Operating cash flow (approximation) | €28,464 | €29,545 | €64,917 | -€31,199 | €78,880 | ▲ 353% |
| Investment in fixed assets (approximation) | - | - | - | - | -€41,292 | - |
| Change in cash | - | -€25,184 | €38,655 | €1,637 | €11,929 | ▲ 629% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
08-06
State Gazette act
Resignation: Meric Ramazan (director)Power of attorney8 facts ▸
State Gazette act
Resignation: Meric Ramazan (director)
Power of attorney8 facts ▸
- General meeting, 12-03-2026
- Director resignation, Meric Ramazan (director)
- Power of attorney, Kelly Verpoorten
- Power of attorney, Sara Heemskerk
- Power of attorney, Sandy Van de Leur
- Power of attorney, Kristel Van Gysel
- Power of attorney, Héloïse Debrandt
- Power of attorney, Viktorija Coric
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €67,885
Net result €67,885 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.88
Current ratio from 1.19 to 2.88; short-term debt falls from €94,696 to €61,669.
31-12
Financial
Equity above €100,000Eq €125,083 ▲179%
Equity rises from €44,797 to €125,083.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€31,976
Net result drops to -€31,976, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €135,597 ▲91.8%
5 profitable years in a row build equity to €135,597.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2017
Ground area
912 m²
Building footprint
185 m²
Volume, LiDAR
865 m³
Parcel 71502B0491/00G000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Meric-Tec
since 20172.272.798.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0491/00G000 | Flanders | 912 m² | 1 · 185 m² | 6.6 m · 2 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Meric Ramazan |
|
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,058. 747 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
Founded23-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675950438
Also
9925:BE0675950438
Registered
12-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.