Equity
-€137,994
Debts exceed assets in financial year 2025.
MERISIERS JV
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €64,940 (2025)
€64,940▲ €95,130
Resultlowest -€100,588 (2025)
-€100,588▼ €59,183
Equitypeak -€37,406 (2024)
-€137,994▼ €100,588
Debts
€821,869▲ 37.6%
Staffpeak 8.9 FTE (2025)
8.9 FTE
Board4 names since 2023
2 directorsSandra Piliego and 1 other
Documentsfilings and deeds
01-04-2026121 days before the deadline
2025financial year
Gross margin from -€30,191 to €64,940Loss of €100,588Resignation: Géry VAN CAUWELAERT (director) 03-04Equity from -€37,406 to -€137,994Debts from €597,282 to €821,869Investments €498,357
Key points
from the 2025 annual accountsResult
-€100,588 ▼ 143%
The result fell in 2025 from -€41,406 to -€100,588.
Debts
€821,869 120% of the balance sheet
Financial debts 16%Suppliers 8%Taxes and wages 1%Other 75%
€234,820 of the debts are secured on the company's own assets. In 2024 that was €300,000.
Investments
€496,797 13.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.05 was 0.96 in 2024
Short-term debts rose from €392,993 to €693,478.
Position in the sector
-20.2%
Lower solvency than 93% of companies in real estate. Sector median 38.2% · 5,797 companies.
Checked score
52
Fair
Financially stronger than 7% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.9%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%▲ +0.1 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.8 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 1.7%▲ +1.4 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 1.7%● unchanged vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026highest value
10-2026: 1.7%● unchanged vs 09-2026highest value
11-2026: 1.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €100,588, the second in a row (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €683,875
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 10% of them on solvency, 6% on liquidity, 9% on profitability and 2% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as MERISIERS JV has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MERISIERS JV itself is lower: 1.7% within 12 months. It rests on far more data about MERISIERS JV than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for MERISIERS JV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.05 (0.96 in 2024), below 1. Short-term debt is 101.4% and cash 1.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€137,994
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 01-04-2026, 121 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
121 days early
2024
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 78 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN CAUWELAERT Géry Alain 100 sharesdeed of 12-07-2023
- DEMILECAMPS Pascal Jean Claude 100 sharesdeed of 12-07-2023
Recent changes
Resignation: Sandra Piliego (director)
Appointment: Pascal Demilecamps (director) · Director discharge: Sandra Piliego · General meeting of 31-03-2026 · Gazette deed
Registered office moved from Watermael-Boitsfort to Ixelles
New registered office: Rue des Merisiers 1, 1050 Ixelles · Previous registered office: Chaussée de La Hulpe 185, 1170 Watermael-Boitsfort · Board meeting of 11-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803767932
Resignation: Géry VAN CAUWELAERT (director)
Appointment: Claire VAN HOOP (director) · Director discharge: Géry VAN CAUWELAERT · General meeting of 27-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| MERISIERS JV Ixelles | €0.7m | €64,940 | -20.2% | 8.9 |
| Atmos Spiere-Helkijn | €0.9m | €100,389 | -58.3% | 9.5 |
| AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2 Brussels | €1.3m | €518,568 | -54.6% | 9.1 |
| FINESTONE PROJECTS Zedelgem | €0.6m | €425,984 | 14.9% | 6.9 |
| TODAY FOR TOMORROW Antwerp | €0.9m | €271,165 | 9.5% | 7.9 |
| Y Ixelles | €0.8m | €76,396 | 14.1% | - |
| BlackWall Ixelles | €0.7m | €136,461 | 0.7% | - |
These companies have the same main activity as MERISIERS JV: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €613,000 and €1.3m, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 10-07-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Joint committee
- 333Tourist attractions · annual accounts 2025
- Establishment unit
- 2.349.113.3361170 Watermael-Boitsfort, since 10-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- Turnover
- ≈ €160,000estimated
- Total assets
- €683,875▲ 22.1%
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 01-04-2026, 121 days before the end of the filing period
Insights on MERISIERS JV
Solvency fell in 2025 from -6.7% to -20.2% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MERISIERS JV
- What is the company number of MERISIERS JV?
- The company number of MERISIERS JV is 0803.767.932. The VAT number is the same number with BE in front: BE 0803.767.932.
- Where is MERISIERS JV based?
- The registered office is at Kriekenbomenstraat 1, 1050 Ixelles.Company details
- What does MERISIERS JV do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MERISIERS JV?
- MERISIERS JV is a private limited company (BV).
- When was MERISIERS JV founded?
- MERISIERS JV was founded on 10-07-2023.
- Is MERISIERS JV still active?
- Yes, MERISIERS JV is an active enterprise in the KBO register.
- How many employees does MERISIERS JV have?
- MERISIERS JV had an average of 8.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MERISIERS JV fall under?
- In its 2025 annual accounts, MERISIERS JV states joint committee 333 (Tourist attractions).
- What is the turnover of MERISIERS JV?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €64,940 and 48 comparable companies (NACE 681). It probably lies between €88,000 and €330,000.
- Is MERISIERS JV profitable?
- In financial year 2025, MERISIERS JV made a loss of €100,588.
- Where can I find the annual accounts of MERISIERS JV?
- MERISIERS JV filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MERISIERS JV due?
- MERISIERS JV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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