Debts
€18,048 82% of the balance sheet
Financial debts 11%Suppliers 80%Taxes and wages 10%
MERKATECH
Lifetime
1 annual account with figurespeak €113,966 (2025)
€113,966
peak €1,356 (2025)
€1,356
peak €3,856 (2025)
€3,856
€18,048
Board4 names since 2024
1 directorMehmet Karatasli
Documentsfilings and deeds
21-07-202610 days before the deadline
2025micro format
New director 21-08First year with figures
Key points
from the 2025 annual accountsBoard
1 joined · 1 left
Board changed. Latest change 01-06-2026 · 2 in office.
Position in the sector
€3,856
Less equity than 88% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
Checked score
47
Fair
Financially stronger than 19% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.9%lowest value
02-2026: 1.9%● unchanged vs 01-2026lowest value
03-2026: 2.0%▲ +0.1 percentage points vs 02-2026
04-2026: 2.3%▲ +0.3 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 2.7%● unchanged vs 06-2026
08-2026: 3.7%▲ +1.0 percentage point vs 07-2026
09-2026: 3.6%▼ -0.1 percentage points vs 08-2026
10-2026: 3.8%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 3.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Liquidity: current ratio 0.82
Sector: Specialised construction activities (NACE 43)
Equity €3,856 (17.6% of total assets)
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 43, micro). It does better than 20% of them on solvency, 6% on liquidity and 30% on profitability.
The bankruptcy probability was computed on 10-11-2026 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, 2,390 companies had the same profile as MERKATECH has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MERKATECH itself is higher: 3.8% within 12 months. It rests on far more data about MERKATECH than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,390 companies, not a prediction for MERKATECH. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 20%
← 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 21-07-2026, 10 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
10 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
New director
Shagawan Mahmood appointed, Zahir Saryas Tahir resigned · Director discharge: Zahir Saryas Tahir (director (not named in the articles)) · General meeting of 01-06-2026 · Gazette deed
New director
Mehmet Karatasli appointed, Erdal Karatasli resigned · Director discharge: Erdal Karatasli (director (not named in the articles)) · General meeting of 31-03-2025 · Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founder: KARATASLI Erdal · Appointment: KARATASLI Erdal (director) · published on 27-12-2024 · Gazette deed
First establishment
De Horst 15, Genk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MERKATECH Genk | €21,905 | €5,593 | 17.6% | - |
| KB-AQUA Woluwe-Saint-Lambert | €19,371 | €6,287 | 23.1% | - |
| ABC RENO Kraainem | €15,555 | €5,854 | 30.1% | - |
| BATI PRO PLUS Oupeye | €24,093 | €7,154 | 61.9% | - |
| FA TOITURES Liège | €19,233 | €5,298 | 20.9% | - |
| TEAM RENOVATION & DESIGN Molenbeek-Saint-Jean | €27,986 | €5,828 | 22.1% | - |
| LUXOR CONCEPT Berchem-Sainte-Agathe | €25,730 | €9,893 | 22.3% | - |
These companies have the same main activity as MERKATECH: insulation installation (NACE 43230). They are comparable in size and age: total assets between €15,600 and €28,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 23-12-2024Normal situation
- Activity
- Insulation installationNACE 43230and 1 other
- Establishment unit
- 2.367.781.8763600 Genk, since 23-12-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €21,905
- ≈ 0 FTEestimated
- Filing
- Filed on 21-07-2026, 10 days before the end of the filing period
Insights on MERKATECH
The computed 12-month bankruptcy probability of MERKATECH is 3.8% (moderate). The 2025 annual accounts show equity of €3,856 and a net result of €1,356.
Its solvency ranks better than 20% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MERKATECH
- What is the company number of MERKATECH?
- The company number of MERKATECH is 1017.835.252. The VAT number is the same number with BE in front: BE 1017.835.252.
- Where is MERKATECH based?
- The registered office is at De Horst 15, 3600 Genk.Company details
- What does MERKATECH do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of MERKATECH?
- MERKATECH is a private limited company (BV).
- When was MERKATECH founded?
- MERKATECH was founded on 23-12-2024.
- Is MERKATECH still active?
- Yes, MERKATECH is an active enterprise in the KBO register.
- What is the turnover of MERKATECH?
- The turnover of MERKATECH was €113,966 in financial year 2025, according to the filed annual accounts.Financials
- Is MERKATECH profitable?
- In financial year 2025, MERKATECH made a profit of €1,356.
- Where can I find the annual accounts of MERKATECH?
- MERKATECH filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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