Financials
- Fiscal year
- 2025
- Total assets
- €2.2m
- Profit
- €653,030
- Solvency
- 34.9%
Total assets▲ 66.9%
Net result
20242025
Merlinco
ActiveSummary
Merlinco has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €767,495 and a net result of €653,030. Its solvency ranks better than 52% of 1045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activities of notaries
NACE 69102
1 site
Size
€2.2mtotal assets 2025
- Equity
- €767,495
- Profit
- €653,030
Structure
Accounts 169 d early0 of 1 deed read
Why 97+ Sector Legal and accounting activities (NACE 69)+ Size: total assets €2.2m+ Figures for FY 2025 (filed 18-02-2026)+ Liquidity: current ratio 2.03, cash €427,999Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 77% of its sector peers (NACE 69, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
60+26
equity 34.9% of total assets
Liquidity
66+8
short-term debt 23.3% · cash 19.5%
Profitability
100+21
return on assets 29.7%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 0.3%
04-2025: 0.3%● 0.0% vs 03-2025
05-2025: 0.3%▲ +2.1% vs 04-2025
06-2025: 0.3%▲ +0.9% vs 05-2025highest value
07-2025: < 0.1%▼ -85.7% vs 06-2025
08-2025: < 0.1%● 0.0% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%▲ +2.1% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%● 0.0% vs 12-2025
02-2026: < 0.1%▲ +2.0% vs 01-2026
03-2026: < 0.1%▼ -52.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%● 0.0% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Sector Legal and accounting activities (NACE 69) lowers the probability
- Size: total assets €2.2m lowers the probability for this profile
- Figures for FY 2025 (filed 18-02-2026) lowers the probability
- Liquidity: current ratio 2.03, cash €427,999 lowers the probability
Credit up to €70,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.03 against 0.6 in 2024; short-term debt: 23.3% and cash: 19.5% of total assets), but 65.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, small). Better than this share of them on solvency 39%, liquidity 74%, profitability 94%, growth against the median 100%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 12-02-2026, 169 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
169 d early
2024
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 113 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Liquidity triplescurrent ratio 2.03
- Equity above €500,000Eq €767,495 ▲566%
Key points
By topic
Timeline
- Events
- 4
- Since
- 2025
- Next accounts
- by 31-07-2027
- 12-02-2026Annual accounts filed
- 31-12-2025Liquidity triples
- 31-12-2025Equity above €500,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Activities of notariesNACE 69102
- Founded
- 28-02-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.