MERKTRA
ActiveSummary
MERKTRA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €661,948 and a net result of €307,153. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 51% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+5
Solvency66▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.22 in 2024; short-term debt: 58.8% and cash: 0.1% of total assets), but 58.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
41.2%
Return on assets
19.1%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 23-02-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
4 d early
2023
44 d early
2022
19 d early
2021
4 d early
2020
26 d early
2019
17 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close29-09-2026 today28-02-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 oldest company in Lier, Transport and storage sector#10 company by equity in Lier, Transport and storage sector
Equity
€661,948▲ 63.5%
2024 · €404,795
Total assets
€1.6m▼ 22.6%
2024 · €2.1m
Net result
€307,153▼ 1.5%
2024 · €311,846
Working capital
€519,623▲ 44.6%
2024 · €359,284
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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€243,526▲ 52.8%€454,972▲ 86.8%€332,376▼ 26.9%€354,750▲ 6.7%€362,022▲ 2.0%
Net result€239,934above the sector's middle half▲ 54.9%€448,854above the sector's middle half▲ 87.1%€267,694above the sector's middle half▼ 40.4%€311,846above the sector's middle half▲ 16.5%€307,153above the sector's middle half▼ 1.5%
Equity€236,400within the sector's middle half=€110,254below the sector's middle half▼ 53.4%€317,948within the sector's middle half▲ 188%€404,795within the sector's middle half▲ 27.3%€661,948within the sector's middle half▲ 63.5%
Total assets€690,075within the sector's middle half▲ 1.6%€685,715within the sector's middle half▼ 0.6%€697,664within the sector's middle half▲ 1.7%€2.1mwithin the sector's middle half▲ 197%€1.6mwithin the sector's middle half▼ 22.6%
Debt€453,675▲ 2.5%€575,461▲ 26.8%€379,716▼ 34.0%€1.7m▲ 340%€943,727▼ 43.5%
Working capital€115,624within the sector's middle half▲ 80.6%-€48,809below the sector's middle half€213,535within the sector's middle half€359,284within the sector's middle half▲ 68.3%€519,623above the sector's middle half▲ 44.6%
Solvency34.3%within the sector's middle half▼ 0.6pp16.1%below the sector's middle half▼ 18.2pp45.6%within the sector's middle half▲ 29.5pp19.5%below the sector's middle half▼ 26.1pp41.2%within the sector's middle half▲ 21.7pp
Current ratio1.26within the sector's middle half▲ 0.080.92below the sector's middle half▼ 0.351.56within the sector's middle half▲ 0.651.22within the sector's middle half▼ 0.351.55within the sector's middle half▲ 0.34
Return on assets (ROA)34.8%above the sector's middle half▲ 12.0pp65.5%above the sector's middle half▲ 30.7pp38.4%above the sector's middle half▼ 27.1pp15.0%above the sector's middle half▼ 23.3pp19.1%above the sector's middle half▲ 4.1pp
Staff (FTE)4below the sector's middle half▲ 2.6%4.8within the sector's middle half▲ 20.0%8.7within the sector's middle half▲ 81.3%36.9above the sector's middle half▲ 324%36.3above the sector's middle half▼ 1.6%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated 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 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€142,325 ▲ 213%
Current assets
€1.5m ▼ 27.9%
Equity and liabilities €1.6m
Equity
€661,948 ▲ 63.5%
Debt
€943,727 ▼ 43.5%
Debt's share of the balance-sheet total falls from 80.5% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€393,158▼
2024 · €413,653
Cash flow
€338,289▼
2024 · €370,749
Debt to equity
1.43▼
2024 · 4.13
ROE
46.4%▼
2024 · 77.0%
Interest coverage
9.55▼
2024 · 20.71
Debt ≤ 1 year
€943,727▼
2024 · €1.7m
Income taxes
€76,838▲
2024 · €35,127
Staff costs
€2.7m▼
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,500 | - | - | €40,000 | - |
| Remuneration, social security and pensions62 | - | €283,228 | €745,965 | €2.9m | €2.7m | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,680 | €56,412 | €54,372 | €58,903 | €31,136 | ▼ 47.1% |
| Other operating charges640/8 | - | €5,193 | €3,999 | €14,214 | €6,042 | ▼ 57.5% |
| Gross operating margin9900 | €624,012 | €799,805 | €1.1m | €3.3m | €3.1m | ▼ 7.6% |
| Operating profit (loss)9901 | €243,526 | €454,972 | €332,376 | €354,750 | €362,022 | ▲ 2.0% |
| Financial income75/76B | - | €448 | €7,129 | €12,201 | €63,134 | ▲ 417% |
| Recurring financial income75 | €60 | €448 | €7,129 | €12,201 | €63,134 | ▲ 417% |
| Financial charges65/66B | - | €1,919 | €1,697 | €19,978 | €41,165 | ▲ 106% |
| Recurring financial charges65 | €2,868 | €1,919 | €1,697 | €19,978 | €41,165 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €240,718 | €453,502 | €337,807 | €346,973 | €383,991 | ▲ 10.7% |
| Income taxes67/77 | €785 | €4,648 | €70,113 | €35,127 | €76,838 | ▲ 119% |
| Profit (loss) for the period9904 | €239,934 | €448,854 | €267,694 | €311,846 | €307,153 | ▼ 1.5% |
| Transfer to tax-exempt reserves689 | - | €10,500 | €63,150 | €42,100 | €145,250 | ▲ 245% |
| Profit (loss) for the period to be appropriated9905 | €239,934 | €438,354 | €204,544 | €269,746 | €161,903 | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €690,075 | €685,715 | €697,664 | €2.1m | €1.6m | ▼ 22.6% |
| Fixed assets21/28 | €134,109 | €159,064 | €104,413 | €45,511 | €142,325 | ▲ 213% |
| Tangible fixed assets22/27 | €133,029 | €157,984 | €103,603 | €44,701 | €139,245 | ▲ 212% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | €157,984 | €103,603 | €44,701 | €139,245 | ▲ 212% |
| Financial fixed assets28 | €1,080 | €1,080 | €810 | €810 | €3,080 | ▲ 280% |
| Current assets29/58 | €555,966 | €526,651 | €593,251 | €2.0m | €1.5m | ▼ 27.9% |
| Amounts receivable within one year40/41 | €518,748 | €497,165 | €580,114 | €2.0m | €1.4m | ▼ 28.3% |
| Trade receivables40 | - | €147,212 | €549,379 | €330,116 | €792,675 | ▲ 140% |
| Other amounts receivable41 | - | €349,953 | €30,734 | €1.7m | €649,747 | ▼ 61.4% |
| Cash at bank and in hand54/58 | €4,500 | - | - | €1,443 | €1,007 | ▼ 30.2% |
| Deferred charges and accrued income490/1 | - | €29,486 | €13,137 | €16,708 | €19,921 | ▲ 19.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €690,075 | €685,715 | €697,664 | €2.1m | €1.6m | ▼ 22.6% |
| Equity10/15 | €236,400 | €110,254 | €317,948 | €404,795 | €661,948 | ▲ 63.5% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €159,620 | €20,120 | €83,270 | €125,370 | €270,620 | ▲ 116% |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Tax-exempt reserves132 | - | €10,500 | €73,650 | €115,750 | €261,000 | ▲ 125% |
| Distributable reserves133 | - | €3,423 | €3,423 | €3,423 | €3,423 | = |
| Profit (loss) carried forward14 | €14,806 | €28,160 | €172,705 | €217,451 | €329,354 | ▲ 51.5% |
| Amounts payable17/49 | €453,675 | €575,461 | €379,716 | €1.7m | €943,727 | ▼ 43.5% |
| Amounts payable after more than one year17 | €13,333 | - | - | - | - | - |
| Amounts payable within one year42/48 | €440,342 | €575,460 | €379,716 | €1.7m | €943,727 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | - | €13,333 | - | - | - | - |
| Trade debts44 | €94,998 | €109,341 | €75,325 | €115,708 | €460,637 | ▲ 298% |
| Suppliers440/4 | - | €109,341 | €75,325 | €115,708 | €460,637 | ▲ 298% |
| Taxes, remuneration and social security45 | - | €27,018 | €174,206 | €377,550 | €321,592 | ▼ 14.8% |
| Taxes450/3 | - | €15,778 | €57,085 | €130,004 | €93,770 | ▼ 27.9% |
| Remuneration and social security454/9 | - | €11,240 | €117,120 | €247,546 | €227,823 | ▼ 8.0% |
| Other amounts payable47/48 | - | €425,768 | €130,185 | €1.2m | €161,498 | ▼ 86.3% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €239,934 | €448,854 | €267,694 | €311,846 | €307,153 | ▼ 1.5% |
| + Depreciation and write-downs630 | €131,680 | €56,412 | €54,372 | €58,903 | €31,136 | ▼ 47.1% |
| Operating cash flow (approximation) | €371,613 | €505,266 | €322,066 | €370,749 | €338,289 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | -€81,367 | €279 | €0 | -€127,950 | - |
| Change in cash | - | - | - | - | -€436 | - |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
Financial
Equity above €500,000Eq €661,948 ▲63.5%
7 profitable years in a row build equity to €661,948.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €200,000Eq €317,948 ▲188%
5 profitable years in a row build equity to €317,948.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €448,854 ▲87.1%
Operating result €454,972, net result €448,854, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Lier · 1 establishment unit since 2003
Ground area
1.8 ha
Building footprint
2,066 m²
Volume, LiDAR
12,651 m³
Parcel 12392C0421/00D000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MERKTRA NV
since 20032.112.607.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392C0421/00D000 | Flanders | 1.8 ha | 1 · 2,066 m² | 7.2 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
Part of the group
MBMC
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- MBMC
- MERKTRA
Highest known parent: MBMC. The sources do not say who stands above it.
Owners 1
- MBMCparentSourceaccounts MBMC 31-07-202597.69%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,293 EUR awarded · 3,293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,624 EUR | 1,624 EUR |
| 2024 | 1 | 992 EUR | 992 EUR |
| 2023 | 1 | 237 EUR | 465 EUR |
| 2022 | 1 | 440 EUR | 212 EUR |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 4,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-06-1992
Fiscal year end31-07
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447768529
Registered
18-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.