MERITO
ActiveSummary
MERITO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €34,652. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-47
Solvency26▼-51
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 1.51 in 2024; short-term debt: 8.5% and cash: 1.1% of total assets), and 99.5% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.5%
Return on assets
1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8765 sector peers (2025).
NBB · sector comparisonPosition among 8765 sector peers
Solvency
better than 10%
← 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 16-03-2026, 137 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
137 d early
2024
29 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
34 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 7 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 (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 30 August (4 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 2025, abbreviated schema
Equity
€18,600▼ 92.3%
2024 · €240,458
Total assets
€3.4m▲ 641%
2024 · €460,977
Net result
€34,652▼ 26.1%
2024 · €46,914
Working capital
-€206,397
2024 · €25,610
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€79,009▲ 3.6%€79,593▲ 0.7%€72,581▼ 8.8%€76,120▲ 4.9%€118,625▲ 55.8%
Net result€45,752within the sector's middle half▲ 19.2%€50,138within the sector's middle half▲ 9.6%€44,441within the sector's middle half▼ 11.4%€46,914within the sector's middle half▲ 5.6%€34,652within the sector's middle half▼ 26.1%
Equity€138,965within the sector's middle half▲ 49.1%€171,103within the sector's middle half▲ 23.1%€193,544within the sector's middle half▲ 13.1%€240,458within the sector's middle half▲ 24.2%€18,600below the sector's middle half▼ 92.3%
Total assets€451,037within the sector's middle half▼ 3.8%€446,701within the sector's middle half▼ 1.0%€444,552within the sector's middle half▼ 0.5%€460,977within the sector's middle half▲ 3.7%€3.4mabove the sector's middle half▲ 641%
Debt€176,760▼ 28.9%€131,483▼ 25.6%€97,515▼ 25.8%€65,251▼ 33.1%€3.2m▲ 4,864%
Working capital€11,388within the sector's middle half▼ 76.9%€16,844within the sector's middle half▲ 47.9%€13,519within the sector's middle half▼ 19.7%€25,610within the sector's middle half▲ 89.4%-€206,397below the sector's middle half
Solvency30.8%within the sector's middle half▲ 10.9pp38.3%within the sector's middle half▲ 7.5pp43.5%within the sector's middle half▲ 5.2pp52.2%within the sector's middle half▲ 8.6pp0.5%below the sector's middle half▼ 51.6pp
Current ratio1.19within the sector's middle half▼ 1.081.36within the sector's middle half▲ 0.161.28within the sector's middle half▼ 0.071.51within the sector's middle half▲ 0.220.29below the sector's middle half▼ 1.22
Return on assets (ROA)10.1%within the sector's middle half▲ 2.0pp11.2%within the sector's middle half▲ 1.1pp10.0%within the sector's middle half▼ 1.2pp10.2%within the sector's middle half▲ 0.2pp1.0%within the sector's middle half▼ 9.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€3.3m ▲ 766%
Current assets
€82,783 ▲ 8.8%
Equity and liabilities €3.4m
Equity
€18,600 ▼ 92.3%
Provisions
€157,039 ▲ 1.1%
Debt
€3.2m ▲ 4,864%
Debt's share of the balance-sheet total rises from 14.2% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€122,407▲
2024 · €79,044
Cash flow
€38,434▼
2024 · €49,838
ROE
186.3%▲
2024 · 19.5%
Interest coverage
1.73▼
2024 · 6.73
Debt ≤ 1 year
€289,180▲
2024 · €50,501
Debt > 1 year
€3.0m▲
2024 · €14,749
Income taxes
€13,374▼
2024 · €17,802
Staff costs
€3,358▲
2024 · €3,307
A ratio outside any meaningful range has been withheld (balance sheet total €3.4m, equity €18,600).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,307 | €3,358 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €354 | €645 | €1,398 | €2,925 | €3,782 | ▲ 29.3% |
| Other operating charges640/8 | €410 | €62 | €809 | €387 | €680 | ▲ 75.5% |
| Non-recurring operating charges66A | €8 | €8 | €9 | €10 | €11 | ▲ 9.3% |
| Gross operating margin9900 | €79,780 | €80,307 | €74,797 | €82,749 | €126,455 | ▲ 52.8% |
| Operating profit (loss)9901 | €79,009 | €79,593 | €72,581 | €76,120 | €118,625 | ▲ 55.8% |
| Financial income75/76B | - | - | - | €337 | - | - |
| Recurring financial income75 | - | - | - | €337 | - | - |
| Financial charges65/66B | €17,469 | €11,511 | €11,612 | €11,741 | €70,599 | ▲ 501% |
| Recurring financial charges65 | €17,469 | €11,511 | €11,612 | €11,741 | €70,599 | ▲ 501% |
| Profit (loss) for the period before taxes9903 | €61,541 | €68,081 | €60,970 | €64,716 | €48,026 | ▼ 25.8% |
| Income taxes67/77 | €15,789 | €17,944 | €16,529 | €17,802 | €13,374 | ▼ 24.9% |
| Profit (loss) for the period9904 | €45,752 | €50,138 | €44,441 | €46,914 | €34,652 | ▼ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €45,752 | €50,138 | €44,441 | €46,914 | €34,652 | ▼ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €451,037 | €446,701 | €444,552 | €460,977 | €3.4m | ▲ 641% |
| Fixed assets21/28 | €380,678 | €382,424 | €383,224 | €384,866 | €3.3m | ▲ 766% |
| Tangible fixed assets22/27 | €678 | €2,424 | €3,224 | €4,866 | €8,836 | ▲ 81.6% |
| Furniture and vehicles24 | €678 | €2,424 | €3,224 | €4,866 | €6,928 | ▲ 42.4% |
| Other tangible fixed assets26 | - | - | - | - | €1,908 | - |
| Financial fixed assets28 | €380,000 | €380,000 | €380,000 | €380,000 | €3.3m | ▲ 775% |
| Current assets29/58 | €70,360 | €64,278 | €61,328 | €76,112 | €82,783 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €26,030 | €42,041 | €38,834 | €43,659 | €44,676 | ▲ 2.3% |
| Trade receivables40 | €26,030 | €42,041 | €28,834 | €32,670 | €22,385 | ▼ 31.5% |
| Other amounts receivable41 | - | - | €10,000 | €10,989 | €22,291 | ▲ 103% |
| Cash at bank and in hand54/58 | €44,330 | €22,236 | €22,493 | €32,452 | €38,107 | ▲ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €451,037 | €446,701 | €444,552 | €460,977 | €3.4m | ▲ 641% |
| Equity10/15 | €138,965 | €171,103 | €193,544 | €240,458 | €18,600 | ▼ 92.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €120,365 | €152,503 | €174,944 | €221,858 | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €118,505 | €150,643 | €174,944 | €221,858 | - | - |
| Provisions and deferred taxes16 | €135,313 | €144,116 | €153,493 | €155,269 | €157,039 | ▲ 1.1% |
| Provisions for liabilities and charges160/5 | €135,313 | €144,116 | €153,493 | €155,269 | €157,039 | ▲ 1.1% |
| Environmental obligations163 | - | - | €153,493 | - | €157,039 | - |
| Other liabilities and charges164/5 | €135,313 | €144,116 | - | €155,269 | - | - |
| Amounts payable17/49 | €176,760 | €131,483 | €97,515 | €65,251 | €3.2m | ▲ 4,864% |
| Amounts payable after more than one year17 | €117,788 | €84,049 | €49,706 | €14,749 | €3.0m | ▲ 19,901% |
| Financial debts170/4 | €117,788 | €84,049 | €49,706 | €14,749 | €3.0m | ▲ 19,901% |
| Amounts payable within one year42/48 | €58,972 | €47,434 | €47,809 | €50,501 | €289,180 | ▲ 473% |
| Current portion of amounts payable after more than one year42 | €33,146 | €33,739 | €34,343 | €34,957 | €14,749 | ▼ 57.8% |
| Trade debts44 | €2,942 | €2,040 | €2,114 | €2,123 | €1,691 | ▼ 20.3% |
| Suppliers440/4 | €2,942 | €2,040 | €2,114 | €2,123 | €1,691 | ▼ 20.3% |
| Taxes, remuneration and social security45 | €22,219 | €11,199 | €11,353 | €13,421 | €16,230 | ▲ 20.9% |
| Taxes450/3 | €22,219 | €11,199 | €11,353 | €13,421 | €16,230 | ▲ 20.9% |
| Other amounts payable47/48 | €664 | €455 | - | - | €256,510 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,752 | €50,138 | €44,441 | €46,914 | €34,652 | ▼ 26.1% |
| + Depreciation and write-downs630 | €354 | €645 | €1,398 | €2,925 | €3,782 | ▲ 29.3% |
| Operating cash flow (approximation) | €46,105 | €50,782 | €45,840 | €49,838 | €38,434 | ▼ 22.9% |
| Investment in fixed assets (approximation) | - | -€2,390 | -€2,199 | -€4,566 | -€3.0m | ▼ 64,527% |
| Change in cash | - | -€22,093 | €257 | €9,959 | €5,655 | ▼ 43.2% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €34,652 ▼26.1%
Net result drops to €34,652, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €240,458 ▲24.2%
6 profitable years in a row build equity to €240,458.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €50,138 ▲9.6%
Net result €50,138, the highest in the series.
31-12
Financial
Equity above €150,000Eq €171,103 ▲23.1%
4 profitable years in a row build equity to €171,103.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €138,965 ▲49.1%
3 profitable years in a row build equity to €138,965.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Tessenderlo-Ham · 1 establishment unit since 2018
Ground area
1,529 m²
Building footprint
158 m²
Volume, LiDAR
834 m³
Parcel 71057A0298/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MERITO
since 20182.278.867.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71057A0298/00D000 | Flanders | 1,529 m² | 1 · 157 m² | 7.5 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.
Structure & network
Owners and holdings
1 holding · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
EUROPEAN VENTILATION TECHNICS 100%3 subsidiaries
PRIME AIR 99%2 subsidiaries
- AIR - SUPPORT 99%
- STOKJES 99%
According to the 2025 annual accounts of MERITO 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 29,823 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
Founded22-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701668009
Also
9925:BE0701668009
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.