MERK
ActiveMERK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €346k and a net result of €3k. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-39
Solvency26▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.36 in 2023), and 88.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
22 d late
2021
24 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€346k▲ 0.9%
2023 · €343k
2018: €65k
2019: €66k
2020: €98k
2021: €403k
2022: €313k
2023: €343k
2018 → 2024
Total assets
€2.92M▼ 1.1%
2023 · €2.95M
2018: €558k
2019: €671k
2020: €1.85M
2021: €1.23M
2022: €4.66M
2023: €2.95M
2018 → 2024
Net result
€3k▼ 89.6%
2023 · €29k
2018: €50k
2019: €75k
2020: €32k
2021: €305k
2022: €31k
2023: €29k
2018 → 2024
Working capital
€721k▼ 7.9%
2023 · €782k
2018: €208k
2019: €247k
2020: €804k
2021: €425k
2022: €818k
2023: €782k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€403k▲ 311%€313k▼ 22.2%€343k▲ 9.4%€346k▲ 0.9%
Operating result€68k-€494k▲ 627%€146k▼ 70.4%€122k▼ 16.5%€26k▼ 78.9%
Net result€32k-€305k▲ 866%€31k▼ 89.8%€29k▼ 5.7%€3k▼ 89.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 79% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.92M
Fixed assets
€17k▼ 24.4%
Current assets
€2.90M▼ 0.9%
Equity and liabilities €2.92M
Equity
€346k▲ 0.9%
Debt
€2.58M▼ 1.3%
The debt ratio falls from 88.4% to 88.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€31k▼
2023 · €128k
Cash flow
€8k▼
2023 · €35k
Solvency
11.8%▲
2023 · 11.6%
Current ratio
1.33▼
2023 · 1.36
Quick ratio
0.60▲
2023 · 0.48
Debt / equity
7.45▼
2023 · 7.62
ROE
0.9%▼
2023 · 8.6%
ROA
0.1%▼
2023 · 1.0%
Interest coverage
1.59▼
2023 · 1.63
Debt
€2.58M▼
2023 · €2.61M
Debt ≤ 1 year
€2.18M▲
2023 · €2.15M
Debt > 1 year
€336k▼
2023 · €336k
Income taxes
€4k▼
2023 · €15k
Staff costs
€49k▲
2023 · €37k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.95M€2.92M▼
Fixed assets21/28€22k€17k▼
Intangible fixed assets21€11k€8k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€835▼
Financial fixed assets28€6k€6k▼
Current assets29/58€2.93M€2.90M▼
Stocks and contracts in progress3€1.90M€1.60M▼
Stocks30/36€1.90M€1.60M▼
Amounts receivable within one year40/41€580k€610k▲
Trade receivables40€573k€582k▲
Other amounts receivable41€7k€28k▲
Cash at bank and in hand54/58€341k€221k▼
Deferred charges and accrued income490/1€108k€471k▲
Equity and liabilities
Total equity and liabilities10/49€2.95M€2.92M▼
Equity10/15€343k€346k▲
Contributions10/11€19k€19k=
Reserves13€324k€327k▲
Distributable reserves133€324k€327k▲
Amounts payable17/49€2.61M€2.58M▼
Amounts payable after more than one year17€336k€336k▼
Financial debts170/4€336k€336k▼
Amounts payable within one year42/48€2.15M€2.18M▲
Financial debts43€818k€944k▲
Credit institutions430/8€818k€944k▲
Trade debts44€544k€240k▼
Suppliers440/4€544k€240k▼
Advances received on contracts in progress46€130k€130k=
Taxes, remuneration and social security45€56k€84k▲
Taxes450/3€54k€80k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€601k€786k▲
Accrued charges and deferred income492/3€125k€56k▼
Income statement
Code20232024
Remuneration, social security and pensions62€37k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€9k€2k▼
Gross operating margin9900€174k€82k▼
Operating profit (loss)9901€122k€26k▼
Financial income75/76B€521€302▼
Recurring financial income75€521€302▼
Financial charges65/66B€78k€20k▼
Recurring financial charges65€78k€20k▼
Profit (loss) for the period before taxes9903€44k€7k▼
Income taxes67/77€15k€4k▼
Profit (loss) for the period9904€29k€3k▼
Profit (loss) for the period to be appropriated9905€29k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€3k▼
Transfer from equity791/2€2k-
Transfer to equity691/2€31k€3k▼
To other reserves6921€31k€3k▼
Social balance
Average headcount (FTE)90870.91.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼89.6%
Net result drops to €3k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €305k ▲866%
Operating result €494k, net result €305k, both a record.
31-12
Financial
Equity above €200kEq €403k ▲311%
4 profitable years in a row build equity to €403k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Knokke-Heist · 1 establishment unit since 2017
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.
Sylvain Dupuisstraat 188300 Knokke-HeistGround area
183 m²
Building footprint
182 m²
Volume, LiDAR
2,262 m³
Parcel 31013A0474/00A000, Flanders · tallest building 23.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MERK
since 20172.269.700.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0474/00A000 | Flanders | 183 m² | 1 · 182 m² | 23.5 m · 5 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.
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AGROTEC
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ESTATE MANAGEMENT FOR YOU
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 3,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2017
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
71111Activities of building architects
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.