Merlink
ActiveSummary
Merlink has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €729. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+3
Solvency85▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 8.94 in 2024; short-term debt: 21.4% and cash: 41% of total assets), and 39.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
60.4%
Return on assets
0.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
25 d early
2023
36 d early
2022
29 d early
2021
4 d early
2020
5 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€82k▲ 0.9%
2024 · €81k
2019: €30klowest in 7 years
2020: €47k▲ +54.6% vs 2019
2021: €75k▲ +60.2% vs 2020
2022: €61k▼ -18.6% vs 2021
2023: €83k▲ +36.0% vs 2022highest in 7 years
2024: €81k▼ -2.7% vs 2023
2025: €82k▲ +0.9% vs 2024
2019 → 2025
Total assets
€135k▲ 54.4%
2024 · €88k
2019: €88k
2020: €98k▲ +11.1% vs 2019
2021: €119k▲ +22.1% vs 2020
2022: €78k▼ -35.0% vs 2021lowest in 7 years
2023: €112k▲ +44.6% vs 2022
2024: €88k▼ -22.0% vs 2023
2025: €135k▲ +54.4% vs 2024highest in 7 years
2019 → 2025
Net result
€729
2024 · €-2k
2019: €9k
2020: €17k▲ +94.5% vs 2019
2021: €28k▲ +70.3% vs 2020highest in 7 years
2022: €-14k▼ -149% vs 2021lowest in 7 years
2023: €22k▲ +258% vs 2022
2024: €-2k▼ -110% vs 2023
2025: €729▲ +132% vs 2024
2019 → 2025
Working capital
€41k▼ 22.2%
2024 · €53k
2019: €26klowest in 7 years
2020: €40k▲ +53.4% vs 2019
2021: €40k▲ +1.7% vs 2020
2022: €31k▼ -23.3% vs 2021
2023: €54k▲ +74.9% vs 2022highest in 7 years
2024: €53k▼ -2.0% vs 2023
2025: €41k▼ -22.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€61k▼ 18.6%€83k▲ 36.0%€81k▼ 2.7%€82k▲ 0.9%
2021: €75k
2022: €61k▼ -18.6% vs 2021lowest in 5 years
2023: €83k▲ +36.0% vs 2022highest in 5 years
2024: €81k▼ -2.7% vs 2023
2025: €82k▲ +0.9% vs 2024
Operating result€37k-€-14k€29k€-2k€3k
2021: €37khighest in 5 years
2022: €-14k▼ -139% vs 2021lowest in 5 years
2023: €29k▲ +302% vs 2022
2024: €-2k▼ -106% vs 2023
2025: €3k▲ +262% vs 2024
Net result€28k-€-14k€22k€-2k€729
2021: €28khighest in 5 years
2022: €-14k▼ -149% vs 2021lowest in 5 years
2023: €22k▲ +258% vs 2022
2024: €-2k▼ -110% vs 2023
2025: €729▲ +132% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€65k ▲ 134%
Current assets
€70k ▲ 17.5%
Equity and liabilities €135k
Equity
€82k ▲ 0.9%
Debt
€54k ▲ 700%
Debt's share of the balance-sheet total rises from 7.6% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €4k
Cash flow
€14k▲
2024 · €3k
Current ratio
2.43▼
2024 · 8.94
Debt to equity
0.66▲
2024 · 0.08
ROE
0.9%▲
2024 · -2.8%
ROA
0.5%▲
2024 · -2.6%
Interest coverage
10.78▼
2024 · 32.24
Debt ≤ 1 year
€29k▲
2024 · €7k
Debt > 1 year
€25k
Income taxes
€649▲
2024 · €386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€88k€135k▲
Fixed assets21/28€28k€65k▲
Tangible fixed assets22/27€28k€65k▲
Plant, machinery and equipment23€1k€381▼
Furniture and vehicles24€5k€39k▲
Other tangible fixed assets26€21k€26k▲
Current assets29/58€60k€70k▲
Amounts receivable within one year40/41€10k€15k▲
Trade receivables40€10k€15k▲
Cash at bank and in hand54/58€50k€55k▲
Equity and liabilities
Total equity and liabilities10/49€88k€135k▲
Equity10/15€81k€82k▲
Contributions10/11€19k€19k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€24k€25k▲
Amounts payable17/49€7k€54k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€7k€29k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€1k€7k▲
Taxes450/3€1k€7k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€13k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€5k€17k▲
Operating profit (loss)9901€-2k€3k▲
Financial charges65/66B€112€1k▲
Recurring financial charges65€112€1k▲
Profit (loss) for the period before taxes9903€-2k€1k▲
Income taxes67/77€386€649▲
Profit (loss) for the period9904€-2k€729▲
Profit (loss) for the period to be appropriated9905€-2k€729▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€25k▲
Profit (loss) brought forward from the previous period14P€26k€24k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €5k | €5k | €5k | €13k | ▲ 139% |
| Other operating charges640/8 | - | €1k | €2k | €1k | €1k | ▼ 1.5% |
| Gross operating margin9900 | €53k | €-8k | €35k | €5k | €17k | ▲ 246% |
| Operating profit (loss)9901 | €37k | €-14k | €29k | €-2k | €3k | ▲ 262% |
| Financial charges65/66B | - | €228 | €107 | €112 | €1k | ▲ 1,196% |
| Recurring financial charges65 | €572 | €228 | €107 | €112 | €1k | ▲ 1,196% |
| Profit (loss) for the period before taxes9903 | €36k | €-15k | €29k | €-2k | €1k | ▲ 174% |
| Income taxes67/77 | €8k | €-531 | €7k | €386 | €649 | ▲ 68.1% |
| Profit (loss) for the period9904 | €28k | €-14k | €22k | €-2k | €729 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €28k | €-14k | €22k | €-2k | €729 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €78k | €112k | €88k | €135k | ▲ 54.4% |
| Fixed assets21/28 | €35k | €30k | €29k | €28k | €65k | ▲ 134% |
| Tangible fixed assets22/27 | €35k | €30k | €29k | €28k | €65k | ▲ 134% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €381 | ▼ 63.9% |
| Furniture and vehicles24 | - | €2k | €3k | €5k | €39k | ▲ 619% |
| Other tangible fixed assets26 | - | €28k | €25k | €21k | €26k | ▲ 21.8% |
| Current assets29/58 | €85k | €48k | €83k | €60k | €70k | ▲ 17.5% |
| Amounts receivable within one year40/41 | €39k | €33k | €23k | €10k | €15k | ▲ 52.0% |
| Trade receivables40 | - | €33k | €22k | €10k | €15k | ▲ 52.0% |
| Other amounts receivable41 | - | - | €1k | - | - | - |
| Current investments50/53 | €996 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €44k | €14k | €60k | €50k | €55k | ▲ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €78k | €112k | €88k | €135k | ▲ 54.4% |
| Equity10/15 | €75k | €61k | €83k | €81k | €82k | ▲ 0.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €18k | €18k | €38k | €38k | €38k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €17k | €37k | €38k | €38k | = |
| Profit (loss) carried forward14 | €38k | €24k | €26k | €24k | €25k | ▲ 3.0% |
| Amounts payable17/49 | €44k | €16k | €29k | €7k | €54k | ▲ 700% |
| Amounts payable after more than one year17 | - | - | - | - | €25k | - |
| Financial debts170/4 | - | - | - | - | €25k | - |
| Amounts payable within one year42/48 | €44k | €16k | €29k | €7k | €29k | ▲ 333% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7k | - |
| Trade debts44 | €25k | €9k | €23k | €5k | €15k | ▲ 166% |
| Suppliers440/4 | - | €9k | €23k | €5k | €15k | ▲ 166% |
| Taxes, remuneration and social security45 | - | €7k | €6k | €1k | €7k | ▲ 498% |
| Taxes450/3 | - | €7k | €6k | €1k | €7k | ▲ 498% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €-14k | €22k | €-2k | €729 | ▲ 132% |
| + Depreciation and write-downs630 | €14k | €5k | €5k | €5k | €13k | ▲ 139% |
| Operating cash flow (approximation) | €43k | €-9k | €27k | €3k | €14k | ▲ 335% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-4k | €-50k | ▼ 1,090% |
| Change in cash | - | €-30k | €46k | €-10k | €5k | ▲ 152% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €729
Net result €729 after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 8.94
Current ratio from 2.86 to 8.94; short-term debt falls from €29k to €7k.
2023
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €28k ▲70.3%
Operating result €37k, net result €28k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ranst · 1 establishment unit since 2011
Ground area
1,146 m²
Building footprint
137 m²
Volume, LiDAR
659 m³
Parcel 11010C0067/00M002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Merlink
since 20112.200.941.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010C0067/00M002 | Flanders | 1,146 m² | 1 · 137 m² | 7.7 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,588 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
Founded30-03-2011
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.