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Mericulus

Active Risk: not assessed
Private limited companyfounded 2022active for 3 yearsBroekkantstraat (BAA) 314, 9200 Dendermonde, BelgiumKBO/BCE: BE 0793.434.759
Summary

Mericulus 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 €275,100 and a net result of €118,998. Equity is growing by about 68% per year across the filed financial years. Its solvency ranks better than 23% of 9,736 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €290,000turnover 2025, estimated
Equity
€275,100
Profit
€118,998
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 133 days early
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

1 signal.
neutral
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 filings
Deviation from the deadline
2025
133 days early
2024
3 days early
2023
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 55 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (3 of the last 3 filed years within 106 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2023 to 2025net €118,998 ▲29.4%
  3. Equity above €200,000equity €275,100 ▲76.2%

Financials · financial year 2025, micro format

Equity
€275,100▲ 76.2%
2024 · €156,102
Net result
€118,998▲ 29.4%
2024 · €91,969
Total assets
€1.5m▼ 0.6%
2024 · €1.5m
Solvency
18.3%▲ 8.0pp
2024 · 10.3%
Trend over the years

2023 to 2025, 3 financial years

The operating result has risen two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.2m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€0.08m-€0.1m▲ 71.6%€0.2m▲ 31.8%
Net result€0.06mwithin the sector's middle half-€0.09mabove the sector's middle half▲ 48.0%€0.1mabove the sector's middle half▲ 29.4%
Equity€0.06mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 143%€0.3mwithin the sector's middle half▲ 76.2%
Total assets€0.09mbelow the sector's middle half-€1.5mabove the sector's middle half▲ 18×€1.5mabove the sector's middle half▼ 0.6%
Debt€0.02m-€1.4m▲ 63×€1.2m▼ 9.4%
Working capital€0.06mwithin the sector's middle half--€0.5mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 4.9%
Solvency74.9%within the sector's middle half-10.3%below the sector's middle half▼ 64.6pp18.3%below the sector's middle half▲ 8.0pp
Current ratio3.84within the sector's middle half-0.15below the sector's middle half▼ 3.700.12below the sector's middle half▼ 0.02
Return on assets (ROA)72.6%above the sector's middle half-6.1%within the sector's middle half▼ 66.5pp7.9%within the sector's middle half▲ 1.8pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €1.4m ▲ 0.2%
Current assets €68,937 ▼ 14.2%
Equity and liabilities €1.5m
Equity €275,100 ▲ 76.2%
Debt €1.2m ▼ 9.4%
Debt's share of the balance-sheet total falls from 89.7% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
43.3%▼
2024 · 58.9%
Debt ≤ 1 year
€553,661▲
2024 · €542,569
Debt > 1 year
€675,900▼
2024 · €814,624
Income taxes
€41,602▲
2024 · €36,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.5m▼
Formation expenses20€0.001m€453▼
Fixed assets21/28€1.4m€1.4m▲
Tangible fixed assets22/27€0.002m€0.005m▲
Plant, machinery and equipment23€0.001m€0.005m▲
Furniture and vehicles24€0.001m€0.001m▼
Financial fixed assets28€1.4m€1.4m=
Current assets29/58€0.08m€0.07m▼
Amounts receivable within one year40/41€0.03m€0.05m▲
Trade receivables40€0.03m€0.05m▲
Other amounts receivable41€8€11▲
Cash at bank and in hand54/58€0.05m€0.02m▼
Deferred charges and accrued income490/1-€0.002m
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m▼
Equity10/15€0.2m€0.3m▲
Contributions10/11€0.002m€0.002m=
Profit (loss) carried forward14€0.2m€0.3m▲
Amounts payable17/49€1.4m€1.2m▼
Amounts payable after more than one year17€0.8m€0.7m▼
Financial debts170/4€0.8m€0.7m▼
Amounts payable within one year42/48€0.5m€0.6m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Financial debts43-€0.01m
Credit institutions430/8-€0.01m
Trade debts44€0.007m€0.006m▼
Suppliers440/4€0.007m€0.006m▼
Taxes, remuneration and social security45€0.03m€0.03m▼
Taxes450/3€0.03m€0.03m▼
Other amounts payable47/48€0.4m€0.4m=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.001m€0.002m▲
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.1m€0.2m▲
Operating profit (loss)9901€0.1m€0.2m▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.04m€0.04m▲
Profit (loss) for the period9904€0.09m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.09m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.06m€0.2m▲

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

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€651€1,314€1,714▲ 30.5%
Other operating charges640/8€303€609€635▲ 4.3%
Gross operating margin9900€81,759€140,601€185,160▲ 31.7%
Operating profit (loss)9901€80,806€138,678€182,811▲ 31.8%
Financial income75/76B€1€0€0-
Recurring financial income75€1€0€0-
Financial charges65/66B€973€10,609€22,211▲ 109%
Recurring financial charges65€973€10,609€22,211▲ 109%
Profit (loss) for the period before taxes9903€79,833€128,069€160,600▲ 25.4%
Income taxes67/77€17,700€36,100€41,602▲ 15.2%
Profit (loss) for the period9904€62,133€91,969€118,998▲ 29.4%
Profit (loss) for the period to be appropriated9905€62,133€91,969€118,998▲ 29.4%
Line202320242025Change
Assets
Total assets20/58€0.09m€1.5m€1.5m▼ 0.6%
Formation expenses20€0.001m€0.001m€453▼ 35.0%
Fixed assets21/28€0.002m€1.4m€1.4m▲ 0.2%
Tangible fixed assets22/27€0.002m€0.002m€0.005m▲ 138%
Plant, machinery and equipment23€0.002m€0.001m€0.005m▲ 241%
Furniture and vehicles24-€0.001m€0.001m▼ 24.8%
Financial fixed assets28-€1.4m€1.4m=
Current assets29/58€0.08m€0.08m€0.07m▼ 14.2%
Amounts receivable within one year40/41€0.04m€0.03m€0.05m▲ 42.4%
Trade receivables40€0.04m€0.03m€0.05m▲ 42.4%
Other amounts receivable41€0€8€11▲ 46.9%
Cash at bank and in hand54/58€0.05m€0.05m€0.02m▼ 60.7%
Deferred charges and accrued income490/1--€0.002m-
Equity and liabilities
Total equity and liabilities10/49€0.09m€1.5m€1.5m▼ 0.6%
Equity10/15€0.06m€0.2m€0.3m▲ 76.2%
Contributions10/11€0.002m€0.002m€0.002m=
Profit (loss) carried forward14€0.06m€0.2m€0.3m▲ 77.2%
Amounts payable17/49€0.02m€1.4m€1.2m▼ 9.4%
Amounts payable after more than one year17-€0.8m€0.7m▼ 17.0%
Financial debts170/4-€0.8m€0.7m▼ 17.0%
Amounts payable within one year42/48€0.02m€0.5m€0.6m▲ 2.0%
Current portion of amounts payable after more than one year42-€0.1m€0.1m▲ 2.4%
Financial debts43--€0.01m-
Credit institutions430/8--€0.01m-
Trade debts44€0.003m€0.007m€0.006m▼ 5.3%
Suppliers440/4€0.003m€0.007m€0.006m▼ 5.3%
Taxes, remuneration and social security45€0.02m€0.03m€0.03m▼ 6.5%
Taxes450/3€0.02m€0.03m€0.03m▼ 6.5%
Other amounts payable47/48-€0.4m€0.4m=
Line202320242025Change
Profit (loss) for the period9904€0.06m€0.09m€0.1m▲ 29.4%
+ Depreciation and write-downs630€0.001m€0.001m€0.002m▲ 30.5%
Operating cash flow (approximation)€0.06m€0.09m€0.1m▲ 29.4%
Investment in fixed assets (approximation)--€1.4m-€0.005m▲ 99.7%
Change in cash-€0.001m-€0.03m-

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

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 20-03-2026 2026-00059686
31-12-2024 micro format 28-07-2025 2025-00317494
31-12-2023 micro format 03-07-2024 2024-00214474

Similar companies · same sector, comparable size

Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,093. 13,919 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 · 1 entry · €261 paid
Schemes
1 entry · €261 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2022
DE VISSCHER Kim Willy Caroline
Director (not named in the articles) · since 14-11-2022
Current
VANSYNGHEL Tim Alfons Lina
Director (not named in the articles) · since 14-11-2022
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2022, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DE VISSCHER Kim Willy Caroline
  • Director (not named in the articles), from 14-11-2022 to date
VANSYNGHEL Tim Alfons Lina
  • Director (not named in the articles), from 14-11-2022 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

2 current directors
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1

History

Mericulus was incorporated on 9 November 2022 as a private limited company.1 The board currently has 2 members; 2 of them have served since 2022.2 Total assets rose from €85,577 in 2023 to €1.5m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-11-2022
  3. 3National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
20-03
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Highest result from 2023 to 2025net €118,998 ▲29.4%
Operating result €182,811, net result €118,998, both a record.
31-12
Financial Equity above €200,000equity €275,100 ▲76.2%
A profit in every financial year since 2023 builds equity to €275,100.
28-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial Equity above €150,000equity €156,102 ▲143%
A profit in every financial year since 2023 builds equity to €156,102.
03-07
NBB filing Annual accounts filed
financial year 2023 · micro format
2022
14-11
Gazette deed Incorporation
Appointments: VANSYNGHEL Tim Alfons Lina (director) and DE VISSCHER Kim Willy Caroline (director) · Founder · Founding capital11 facts ▸
  • Incorporation, “Mericulus” (deed in Dutch)
  • Founder, VANSYNGHEL Tim Alfons Lina
  • Founder, DE VISSCHER Kim Willy Caroline
  • Founding capital, €2,000 (2 times)
  • Other provision, 06-11-2022
  • Other provision, “beschikking en boeking inbreng, passiefpost I.A. Beschikbare inbrengen” (deed in Dutch)
  • Share issue, 100, “inbrengen” (deed in Dutch)
  • Registered office clause, “9200 Dendermonde, Broekkantstraat 314” (deed in Dutch)
  • Board rule, 2
  • Director appointment, VANSYNGHEL Tim Alfons Lina (director (not named in the articles))
  • Director appointment, DE VISSCHER Kim Willy Caroline (director (not named in the articles))
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded09-11-2022
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46130Agents in the wholesale of timber and building materials
47120Other non-specialised retail sale
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793434759
Also 9925:BE0793434759
Registered 22-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
899 m²
Building footprint
135 m²
Building volume
743 m³
Parcel 42002B0105/00E003, Flanders · tallest building 8.5 m. Linked by address, not a title deed.
1 establishment unit
Mericulus
Broekkantstraat (BAA) 314, 9200 DendermondeAgents in the wholesale of timber and building materials
since 2022unit no. 2.337.790.070
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
42002B0105/00E003 Flanders 899 m² 1 · 135 m² 8.5 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het uitvoeren van het beheer en management van vennootschappen en de deelnemingen van deze vennootschappen; Het waarnemen van het dagelijks…” (deed in Dutch)
21 activities (deed in Dutch)
  1. Het uitvoeren van het beheer en management van vennootschappen en de deelnemingen van deze vennootschappen.
  2. Het waarnemen van het dagelijks bestuur van deze vennootschappen.
  3. Het waarnemen van het financieel en operationeel management van deze vennootschappen.
  4. Hierbij wordt onder andere,maar niet uitsluitend,gedacht aan het opmaken van budgetten,budgetcontroles,business plannen,investeringsplannen,rendabiliteitsanalyses,haalbaarheidsstudies,marktanalyses,strategische plannen,en aanverwanten.
  5. Het verlenen van adviezen of ondersteuning aan vennootschappen of particulieren op financieel,administratief,commercieel,technisch of project-management vlak.Dit zowel op vlak van investeringen,desinvesteringen,het verwerven of vervreemden van participaties of activa,het financieren van vennootschappen en aantrekken van financiering,de uitbouw van een roerend vermogen,de uitbouw van een onroerend vermogen,het beheer van deze vermogens of activa in de meest ruime zin van het woord,het opmaken van budgetten,het controleren van budgetten,opmaak van haalbaarheidsstudies,advies bij de opstelling van bedrijfsstrategieën,het uitvoeren van het dagelijks financieel management in het bijzonder en alle andere operationele beheerszaken in het algemeen in de ruimste zin van het woord.
  6. Het zoeken,prospecteren,overleggen,onderhandelen met en van klanten,investeerders,partners,leveranciers en eender welke andere stakeholder voor deze vennootschappen.
  7. Alle mogelijke advies-en/of dienstenfuncties op vlak van personeelsmanagement,human resources en personeelsbeleid;-Consultancy,opleiding,technische expertise en bijstand op voornoemde gebieden;Het adviseren van bedrijven op vlak van personeelszaken,het ontwikkelen,implementeren en analyseren van strategieën,structuren,processen,praktijken en behoeften aangaande personeelsbeleid,rekrutering,verloning en aanvullende voordelen,training en opleiding;
  8. De selectie en rekrutering van personeel,compensation and benefits management,talentmanagement,change management enz.…;
  9. Het geven van seminaries,opleidingen en presentaties.Het schrijven,verzorgen,begeleiden en uitgeven van literaire werken en bijdragen,handboeken van diverse bijdragen in diverse vormen
  10. Tussenpersoon in de handel met alle verantwoordelijkheden die hierbij komen kijken voor om het even welk goed.
  11. Het verwerven van participaties in andere vennootschappen in eender welke vorm,voor zowel bestaande als op te richten vennootschappen.Het beheer van deze participaties zoals ook hierboven beschreven.
  12. Het toestaan van leningen aan derden en derde vennootschappen
  13. Beheer van eigen roerend en onroerend vermogen.Het aanleggen,beheren,uitbreiden van zowel een roerend als een onroerend vermogen.Alle daden stellen die hierbij betrekking hebben(bv.Onroerende vermogen:kopen,verkopen,bouwen,verbouwen,financieren,verhuren,onderhouden,beheren,verkavelen,renoveren van onroerende zaken en alle andere handelingen die in deze activiteit van toepassing zouden zijn).
  14. Voor een roerend vermogen:ook alle daden stellen voor het verwerven,beheren,uitbreiden van dit vermogen,wat in eender welk financieel product kan zijn(aandelen,obligaties,kasbons,fondsen,…)
  15. De import en export,groot-en kleinhandel,aan-en verkoop van alle mogelijke materialen,(kunststoffen,metaal,leder,karton en papier).
  16. De productie en transformatie van alle mogelijke toepassingen in kunststoffen,metaal,leder,karton en papier.
  17. Het inrichten en exploiteren van evenementen waaronder,festivals,markten,tentoonstellingen,proeverijen,wedstrijden.
  18. Het organiseren en verzorgen van bruiloften,banketten,cocktails,lunches,recepties enz,verhuur en operationele leasing zonder bedieningspersoneel van tenten voor tentoonstellingen,bedrijfsfeesten,concerten enz.
  19. Organisatie van congressen en beurzen
  20. Overige zakelijke dienstverlening nergens elders gespecifieerd
  21. Overige recreatie-en ontspanningsactiviteiten nergens elders gespecifieerd

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Mericulus
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, 9200 Dendermonde,Broekkantstraat 314” (deed in Dutch)

deed of 14-11-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”
Board ruleHow the board is made up, meets and takes decisions.
“1, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)

deed of 14-11-2022

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, 100” (deed in Dutch)

deed of 14-11-2022

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Saturday of June at 14:00

deed of 14-11-2022

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Na aanzuivering schulden, lasten, kosten of consignatie, netto actief naar verhouding aantal aandelen” (deed in Dutch)

deed of 14-11-2022

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Alleen of gezamenlijk zoals bestuursorgaan bepaalt, gedelegeerd bestuurder” (deed in Dutch)
Other provision: “Winstverdeling, algemene vergadering” (deed in Dutch)
3 more provisions in the deed, see the deed of 14-11-2022

deed of 14-11-2022