Mericulus
ActiveMericulus is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €275k and a net result of €119k. Equity is growing by ~67.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 7962 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7962 sector peers (2025).
NBB · sector comparisonPosition among 7962 sector peers
Solvency
better than 23%
← weakest
strongest →
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 20-03-2026, 133 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
133 d early
2024
3 d early
2023
28 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, micro schema
Equity
€275k▲ 76.2%
2024 · €156k
2023: €64k
2024: €156k
2023 → 2025
Net result
€119k▲ 29.4%
2024 · €92k
2023: €62k
2024: €92k
2023 → 2025
Total assets
€1.50M▼ 0.6%
2024 · €1.51M
2023: €86k
2024: €1.51M
2023 → 2025
Solvency
18.3%▲ 8.0pp
2024 · 10.3%
2023: 74.9%
2024: 10.3%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€64k-€156k▲ 143%€275k▲ 76.2%
Operating result€81k-€139k▲ 71.6%€183k▲ 31.8%
Net result€62k-€92k▲ 48.0%€119k▲ 29.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 32% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.50M
Fixed assets
€1.44M▲ 0.2%
Current assets
€69k▼ 14.2%
Equity and liabilities €1.50M
Equity
€275k▲ 76.2%
Debt
€1.23M▼ 9.4%
The debt ratio falls from 89.7% to 81.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
18.3%▲
2024 · 10.3%
ROE
43.3%▼
2024 · 58.9%
ROA
7.9%▲
2024 · 6.1%
Debt
€1.23M▼
2024 · €1.36M
Debt ≤ 1 year
€554k▲
2024 · €543k
Debt > 1 year
€676k▼
2024 · €815k
Income taxes
€42k▲
2024 · €36k
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€1.51M€1.50M▼
Formation expenses20€697€453▼
Fixed assets21/28€1.43M€1.44M▲
Tangible fixed assets22/27€2k€5k▲
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€865€651▼
Financial fixed assets28€1.43M€1.43M=
Current assets29/58€80k€69k▼
Amounts receivable within one year40/41€34k€49k▲
Trade receivables40€34k€49k▲
Other amounts receivable41€8€11▲
Cash at bank and in hand54/58€46k€18k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.50M▼
Equity10/15€156k€275k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€154k€273k▲
Amounts payable17/49€1.36M€1.23M▼
Amounts payable after more than one year17€815k€676k▼
Financial debts170/4€815k€676k▼
Amounts payable within one year42/48€543k€554k▲
Current portion of amounts payable after more than one year42€136k€139k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€30k€28k▼
Taxes450/3€30k€28k▼
Other amounts payable47/48€370k€370k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€609€635▲
Gross operating margin9900€141k€185k▲
Operating profit (loss)9901€139k€183k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€11k€22k▲
Recurring financial charges65€11k€22k▲
Profit (loss) for the period before taxes9903€128k€161k▲
Income taxes67/77€36k€42k▲
Profit (loss) for the period9904€92k€119k▲
Profit (loss) for the period to be appropriated9905€92k€119k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€273k▲
Profit (loss) brought forward from the previous period14P€62k€154k▲
The notes to these accounts (10 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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €119k ▲29.4%
Operating result €183k, net result €119k, both a record.
31-12
Financial
Equity above €200kEq €275k ▲76.2%
3 profitable years in a row build equity to €275k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €156k ▲143%
2 profitable years in a row build equity to €156k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Dendermonde · 1 establishment unit since 2022
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.
Broekkantstraat (BAA) 3149200 DendermondeGround area
899 m²
Building footprint
135 m²
Volume, LiDAR
743 m³
Parcel 42002B0105/00E003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mericulus
since 20222.337.790.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0105/00E003 | Flanders | 899 m² | 1 · 135 m² | 8.5 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
2023 · 1 entry · 261 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 261 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 13,667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2022
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
46130Agents in the wholesale of timber and building materials
47120Other non-specialised retail sale
47910Retail trade
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.