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Merlein

Active Risk: not assessed
Private limited companyfounded 20251 yr activeDillestraat 19, 9950 Lievegem, BelgiumKBO/BCE: BE 1025.243.874
Summary

Merlein is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €29,862 and a net result of -€30,138. Its solvency ranks better than 15% of 1495 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1495 sector peers (2025).
NBB · sector comparison
Position among 1495 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 27-07-2026, 4 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
4 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 July 2025, Merlein was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€29,862
Net result
-€30,138
Total assets
€459,233
Solvency
6.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €459,233
Fixed assets €416,607
Current assets €42,626
Equity and liabilities €459,233
Equity €29,862
Debt €429,372
Debt finances 93.5% of the balance-sheet total.
Key figures and ratios
2025 value
ROE
-100.9%
ROA
-6.6%
Debt ≤ 1 year
€97,901
Debt > 1 year
€329,906
Income taxes
€124
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€459,233
Fixed assets21/28€416,607
Tangible fixed assets22/27€1,143
Plant, machinery and equipment23€1,143
Financial fixed assets28€415,464
Current assets29/58€42,626
Amounts receivable within one year40/41€313
Trade receivables40€313
Cash at bank and in hand54/58€38,262
Deferred charges and accrued income490/1€4,051
Equity and liabilities
Total equity and liabilities10/49€459,233
Equity10/15€29,862
Contributions10/11€60,000
Profit (loss) carried forward14-€30,138
Amounts payable17/49€429,372
Amounts payable after more than one year17€329,906
Financial debts170/4€329,906
Amounts payable within one year42/48€97,901
Current portion of amounts payable after more than one year42€35,094
Trade debts44€46,491
Suppliers440/4€46,491
Taxes, remuneration and social security45€124
Taxes450/3€124
Other amounts payable47/48€16,192
Accrued charges and deferred income492/3€1,564
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,077
Other operating charges640/8€400
Gross operating margin9900-€24,887
Operating profit (loss)9901-€27,363
Financial charges65/66B€2,651
Recurring financial charges65€2,651
Profit (loss) for the period before taxes9903-€30,014
Income taxes67/77€124
Profit (loss) for the period9904-€30,138
Profit (loss) for the period to be appropriated9905-€30,138
Appropriation of the result
Profit (loss) to be appropriated9906-€30,138

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,077
Other operating charges640/8€400
Gross operating margin9900-€24,887
Operating profit (loss)9901-€27,363
Financial charges65/66B€2,651
Recurring financial charges65€2,651
Profit (loss) for the period before taxes9903-€30,014
Income taxes67/77€124
Profit (loss) for the period9904-€30,138
Profit (loss) for the period to be appropriated9905-€30,138
Line2025
Assets
Total assets20/58€459,233
Fixed assets21/28€416,607
Tangible fixed assets22/27€1,143
Plant, machinery and equipment23€1,143
Financial fixed assets28€415,464
Current assets29/58€42,626
Amounts receivable within one year40/41€313
Trade receivables40€313
Cash at bank and in hand54/58€38,262
Deferred charges and accrued income490/1€4,051
Equity and liabilities
Total equity and liabilities10/49€459,233
Equity10/15€29,862
Contributions10/11€60,000
Profit (loss) carried forward14-€30,138
Amounts payable17/49€429,372
Amounts payable after more than one year17€329,906
Financial debts170/4€329,906
Amounts payable within one year42/48€97,901
Current portion of amounts payable after more than one year42€35,094
Trade debts44€46,491
Suppliers440/4€46,491
Taxes, remuneration and social security45€124
Taxes450/3€124
Other amounts payable47/48€16,192
Accrued charges and deferred income492/3€1,564
Line2025
Profit (loss) for the period9904-€30,138
+ Depreciation and write-downs630€2,077
Operating cash flow (approximation)-€28,062

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Lievegem · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
328 m²
Building footprint
62 m²
Parcel 44072E1253/00X003, Flanders · tallest building 0.3 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Merlein
Dillestraat 19, 9950 LievegemInsurance agents and brokers
since 20252.375.920.968
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44072E1253/00X003 Flanders 328 m² 1 · 62 m² 0.3 m
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

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of Merlein 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.

Similar companies · same sector, comparable size

Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 1,870 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
Founded07-07-2025
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025243874
Also 9925:BE1025243874
Registered 08-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.