Equity
€84,865 ▲ 18.5%
MERLIEN has made a profit in every financial year since 2023.
MERLIEN
Lifetime
3 annual accounts with figures on one time axispeak €72,300 (2023)
€23,567▼ 29.2%
peak €47,435 (2023)
€13,247▼ 37.5%
peak €84,865 (2025)
€84,865▲ 18.5%
€56,853▲ 653%
Board1 name since 2022
1 directorHAUWELAERT Rudy,Arie,Augustin
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Gross margin from €33,272 to €23,567Result from €21,184 to €13,247Equity from €71,618 to €84,865Debts from €7,554 to €56,853
Key points
from the 2025 annual accountsTurnover
≈ €280,000 estimated
The micro format states no turnover.
Investments
€4,469 2.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.44 was 10.48 in 2024
Short-term debts rose from €7,554 to €56,853.
Filings
3 annual accounts 1 late
The 2025 accounts came 13 days late. The other two were filed on time.
Starting capital
€3,000 100 shares
Checked score
85
Excellent
Financially stronger than 69% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▼ -0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.1 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.2%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.2 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2022
lowers risk
Liquidity: current ratio 2.44, cash €82,842
Equity €84,865 (59.9% 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 41, micro). It does better than 69% of them on solvency, 84% on liquidity, 62% on profitability and 63% on growth.
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 very low class on 30-06-2025, 0.1% 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, 39,278 companies had the same profile as MERLIEN has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MERLIEN itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 39,278 companies, not a prediction for MERLIEN. 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.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.44 (10.48 in 2024), above the usual 1.5. Short-term debt is 40.1% and cash 58.5% of total assets. 40.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
13 days late
2024
34 days early
2023
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 21 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (3 of the last 3 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Hauwelaert Rudy 100 sharesdeed of 17-01-2022
- HAUWELAERT Rudy,Arie,Augustin founderdeed of 17-01-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780403602
Incorporation
Founding capital of €3,000, 100 shares · Founder: HAUWELAERT Rudy, Arie, Augustin (comparant) · Appointment: HAUWELAERT Rudy, Arie, Augustin (director) · published on 17-01-2022 · Gazette deed
First establishment
Sint-Godardusstraat 4, Asse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MERLIEN Asse | - | - | 59.9% | - |
| M&G WINDOWS Asse | €344,228 | 2.0% | 37.1% | - |
| MELIMATT RENOV Grimbergen | - | - | 49.7% | - |
| BARTELLO CONTRACTORS Zaventem | - | - | 79.6% | - |
| UKR TEK Merchtem | €399,011 | 3.0% | 37.1% | - |
| T&B Construct Dilbeek | - | - | 3.6% | - |
| SCR CONSTRUCT Wezembeek-Oppem | €317,876 | 5.7% | 18.0% | - |
These companies have the same main activity as MERLIEN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €131,000 and €166,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 13-01-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.328.295.7501730 Asse, since 13-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Insights on MERLIEN
MERLIEN files the micro format. That format states no turnover. The gross margin fell from €72,300 in 2023 to €23,567 in 2025.
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 MERLIEN
- What is the company number of MERLIEN?
- The company number of MERLIEN is 0780.403.602. The VAT number is the same number with BE in front: BE 0780.403.602.
- Where is MERLIEN based?
- The registered office is at Sint-Godardusstraat 4, 1730 Asse.Company details
- What does MERLIEN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MERLIEN?
- MERLIEN is a private limited company (BV).
- When was MERLIEN founded?
- MERLIEN was founded on 13-01-2022.
- Is MERLIEN still active?
- Yes, MERLIEN is an active enterprise in the KBO register.
- What is the turnover of MERLIEN?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €23,567 and 263 comparable companies (NACE 41001). It probably lies between €150,000 and €510,000. It is a rough estimate.Financials
- Is MERLIEN profitable?
- In financial year 2025, MERLIEN made a profit of €13,247.
- Where can I find the annual accounts of MERLIEN?
- MERLIEN filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MERLIEN due?
- MERLIEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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