MERKO
Dissolved and wound up on 23-04-2026Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 03-06-2026 PDF all 33 filings
Equity
€1.5m▲ 0.1%
2025 · €1.5m
Total assets
€1.5m▼ 7.1%
2025 · €1.6m
Net result
€2,171
2025 · -€96,991
Working capital
€1.5m▼ 5.1%
2024 · €1.6m
Multi-year overview
2018 to 2026, 9 financial yearsOperating result
-€7,774
▲ 93.6%
2026
20182026
Net result
€2,171
2026
20182026
Equity
€1.5m
▲ 0.1%
2026
20182026
Total assets
€1.5m
▼ 7.1%
2026
20182026
Debt
no figure
2026
20182026
Working capital
no figure
2026
20182026
Staff (FTE)
no figure
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result€0.8m-€0.1m▼ 80.7%€0.1m▼ 6.6%€0.2m▲ 22.7%€0.1m▼ 43.1%€0.1m▲ 23.8%€0.04m▼ 70.2%-€0.1m-€0.008m▲ 93.6%
Net result€0.5m-€2.5m▲ 368%€0.3m▼ 88.3%€0.1m▼ 53.5%€0.07m▼ 49.3%€0.1m▲ 87.4%€0.06m▼ 49.7%-€0.1m€0.002m
Equity€0.6m-€3.1m▲ 397%€3.4m▲ 9.3%€3.6m▲ 4.0%€1.4m▼ 60.9%€1.5m▲ 9.3%€1.6m▲ 4.3%€1.5m▼ 6.1%€1.5m▲ 0.1%
Total assets€1.2m-€3.7m▲ 201%€3.6m▼ 2.4%€3.7m▲ 1.2%€4.0m▲ 7.7%€2.1m▼ 47.4%€2.6m▲ 24.8%€1.6m▼ 38.5%€1.5m▼ 7.1%
Debt€0.6m-€0.6m▼ 0.9%€0.2m▼ 63.1%€0.1m▼ 42.1%€2.6m▲ 20×€0.6m▼ 78.0%€1.0m▲ 79.9%€0.1m▼ 88.7%
Working capital€0.6m-€3.1m▲ 412%€3.4m▲ 9.6%€3.6m▲ 5.9%€1.4m▼ 60.5%€1.5m▲ 7.7%€1.6m▲ 4.3%€1.5m▼ 5.1%
Staff (FTE)2.8-2.1▼ 25.0%3.4▲ 61.9%4▲ 17.6%
The operating result for 2026 is a loss of €7,774, smaller than the loss of €122,210 in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Key figures and ratios
Solvency
100.0%▲
2025 · 92.8%
ROE
0.1%▲
2025 · -6.5%
ROA
0.1%▲
2025 · -6.0%
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2019 | 31-12-2020 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 4 | 4 |
| full-time | 2 | 4 | 4 |
| in full-time equivalents | 2 | 4 | 4 |
| Average over the year, in full-time equivalents | 2.1 | 3.4 | 4 |
| On a permanent contract | 2 | 4 | 4 |
| Joined | - | 1 | - |
| Left | - | 0 | - |
Source: social balance sheet in the 2019 to 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0.01m | - | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0.2m | €0.4m | €0.1m | €273 | €60 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.008m | €0.02m | €0.008m | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €426 | -€0.09m | - |
| Other operating charges640/8 | - | €0.005m | €0.001m | €0.002m | €0.002m | €0.001m | €0.001m | €0.005m | - | - |
| Non-recurring operating charges66A | - | - | - | €0.008m | - | - | - | - | - | - |
| Gross operating margin9900 | €1.1m | €0.4m | €0.6m | €0.3m | €0.1m | €0.1m | €0.04m | -€0.1m | -€0.1m | ▲ 14.4% |
| Operating profit (loss)9901 | €0.8m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.04m | -€0.1m | -€0.008m | ▲ 93.6% |
| Financial income75/76B | - | €2.4m | €0.2m | €0.02m | €0.002m | €0.06m | €0.05m | €0.03m | €0.01m | ▼ 61.3% |
| Recurring financial income75 | €0.03m | €0.03m | €0.2m | €0.02m | €0.002m | €0.06m | €0.05m | €0.03m | €0.01m | ▼ 61.3% |
| Non-recurring financial income76B | - | €2.4m | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | €0.003m | €0.01m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | €310 | ▼ 75.6% |
| Recurring financial charges65 | €0.003m | €0.003m | €0.01m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | €310 | ▼ 75.6% |
| Profit (loss) for the period before taxes9903 | €0.8m | €2.6m | €0.3m | €0.2m | €0.09m | €0.2m | €0.09m | -€0.1m | €0.002m | - |
| Income taxes67/77 | €0.2m | €0.06m | €0.04m | €0.05m | €0.03m | €0.04m | €0.02m | - | - | - |
| Profit (loss) for the period9904 | €0.5m | €2.5m | €0.3m | €0.1m | €0.07m | €0.1m | €0.06m | -€0.1m | €0.002m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | - | €0.02m | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €2.5m | €0.3m | €0.1m | €0.07m | €0.1m | €0.06m | -€0.1m | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €1.2m | €3.7m | €3.6m | €3.7m | €4.0m | €2.1m | €2.6m | €1.6m | €1.5m | ▼ 7.1% |
| Fixed assets21/28 | €0.05m | €0.06m | €0.06m | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.05m | €0.06m | - | - | - | - | - | - | - |
| Furniture and vehicles24 | - | €0.05m | €0.06m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.03m | €0.01m | - | - | - | - | - | - | - | - |
| Current assets29/58 | €1.2m | €3.7m | €3.6m | €3.7m | €4.0m | €2.1m | €2.6m | €1.6m | €1.5m | ▼ 7.1% |
| Amounts receivable within one year40/41 | €1.1m | €3.5m | €3.0m | €3.0m | €4.0m | €2.1m | €2.6m | €1.6m | €1.5m | ▼ 7.1% |
| Trade receivables40 | - | €0.5m | €0.1m | €0.04m | €0.06m | €0.04m | €0.009m | €0.2m | - | - |
| Other amounts receivable41 | - | €2.9m | €2.9m | €2.9m | €3.9m | €2.1m | €2.6m | €1.4m | €1.5m | ▲ 4.6% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.5m | €0.7m | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €0.02m | €0.02m | €0.003m | €0.01m | - | - | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €1.2m | €3.7m | €3.6m | €3.7m | €4.0m | €2.1m | €2.6m | €1.6m | €1.5m | ▼ 7.1% |
| Equity10/15 | €0.6m | €3.1m | €3.4m | €3.6m | €1.4m | €1.5m | €1.6m | €1.5m | €1.5m | ▲ 0.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.01m | ▼ 60.6% |
| Non-distributable reserves130/1 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | - | - |
| Distributable reserves133 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.5m | €3.0m | €3.3m | €3.5m | €1.3m | €1.4m | €1.5m | €1.4m | €1.4m | ▲ 1.5% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.2m | €0.1m | €2.6m | €0.6m | €1.0m | €0.1m | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.2m | €0.1m | €2.6m | €0.6m | €1.0m | €0.1m | - | - |
| Trade debts44 | €0.2m | €0.5m | €0.06m | €0.04m | €0.3m | €0.6m | €1.0m | €0.1m | - | - |
| Suppliers440/4 | - | €0.5m | €0.06m | €0.04m | €0.3m | €0.6m | €1.0m | €0.1m | - | - |
| Taxes, remuneration and social security45 | - | €0.1m | €0.1m | €0.07m | €0.04m | €0.02m | €0.009m | €0.004m | - | - |
| Taxes450/3 | - | €0.06m | €0.07m | €0.07m | €0.04m | €0.02m | €0.009m | €0.004m | - | - |
| Remuneration and social security454/9 | - | €0.05m | €0.07m | - | €0.003m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €2.2m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €0.01m | €0.02m | €0.02m | €0.02m | - | €300 | €0.02m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €2.5m | €0.3m | €0.1m | €0.07m | €0.1m | €0.06m | -€0.1m | €0.002m | - |
| + Depreciation and write-downs630 | €0.01m | €0.008m | €0.02m | €0.008m | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.5m | €2.5m | €0.3m | €0.1m | €0.07m | €0.1m | €0.06m | -€0.1m | €0.002m | - |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.01m | - | - | - | - | - | - | - |
| Change in cash | - | €0.1m | €0.3m | €0.2m | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 23-04-2026 | abbreviated format | 03-06-2026 | 2026-00144928 | |
| 31-12-2025 | abbreviated format | 04-03-2026 | 2026-00048569 | |
| 31-12-2024 | abbreviated format | 11-08-2025 | 2025-00371755 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00425380 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00262699 | |
| 31-12-2021 | abbreviated format | 16-08-2022 | 2022-20289909 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-60000464 | |
| 31-12-2019 | abbreviated format | 27-10-2020 | 2020-63500541 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-57300328 | |
| 31-12-2017 | abbreviated format | 11-10-2018 | 2018-69200300 |