MERLUZA
ActiveThe file of MERLUZA contains 2 judicial reorganisations, as published in the Belgian State Gazette. For MERLUZA, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2023 annual accounts show negative equity (€-78k) and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 6605 sector peers (fiscal year 2023).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability71▲+71
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-122.2%
Return on assets
17.6%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-04-2024, 97 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
97 d early
2022
78 d late
2021
48 d late
2020
68 d late
2019
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€1.23M
EBIT margin
1.7%
Net result
€11k
2022 · €-154k
2018: €11k
2019: €18k
2020: €22k
2021: €14k
2022: €-154k
2018 → 2023
Working capital
€-88k▲ 13.8%
2022 · €-102k
2018: €-8k
2019: €12k
2020: €38k
2021: €52k
2022: €-102k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.23M
Equity€29k-€51k▲ 74.5%€65k▲ 28.0%€-89k€-78k▲ 12.6%
Operating result€18k-€22k▲ 18.5%€21k▼ 2.6%€-149k€26k
Net result€18k-€22k▲ 18.4%€14k▼ 34.5%€-154k€11k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €26k after a loss of €149k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €63k
Fixed assets
€10k▼ 21.7%
Current assets
€53k▲ 75.1%
Key figures and ratios
EBITDA
€33k
Cash flow
€18k
Solvency
-122.2%▲
2022 · -204.2%
Current ratio
0.38▲
2022 · 0.23
Quick ratio
0.20▲
2022 · 0.04
Debt / equity
-1.82▼
2022 · -1.49
ROA
17.6%▲
2022 · -353.1%
Interest coverage
3.65
Debt
€141k▲
2022 · €132k
Debt ≤ 1 year
€141k▲
2022 · €132k
Income taxes
€6k
Staff costs
€56k▲
2022 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€43k€63k▲
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€13k€10k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€4k€1k▼
Other tangible fixed assets26€4k€1k▼
Current assets29/58€30k€53k▲
Stocks and contracts in progress3€25k€25k=
Stocks30/36€25k€25k=
Cash at bank and in hand54/58€6k€28k▲
Equity and liabilities
Total equity and liabilities10/49€43k€63k▲
Equity10/15€-89k€-78k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-107k€-96k▲
Amounts payable17/49€132k€141k▲
Amounts payable within one year42/48€132k€141k▲
Financial debts43€27k€30k▲
Credit institutions430/8€27k€30k▲
Trade debts44€43k€42k▼
Suppliers440/4€43k€42k▼
Taxes, remuneration and social security45€55k€16k▼
Taxes450/3€6k€7k▲
Remuneration and social security454/9€48k€9k▼
Other amounts payable47/48€7k€53k▲
Income statement
Code20222023
Remuneration, social security and pensions62€29k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€7k
Other operating charges640/8€8k€4k▼
Gross operating margin9900€-112k€93k▲
Operating profit (loss)9901€-149k€26k▲
Financial income75/76B€262€61▼
Recurring financial income75€262€61▼
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€-154k€17k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-154k€11k▲
Profit (loss) for the period to be appropriated9905€-154k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-107k€-96k▲
Profit (loss) brought forward from the previous period14P€46k€-107k▼
Social balance
Average headcount (FTE)9087-2.0
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-08
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20240033 · event 12-08-2024
03-05
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 17-04-2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 78 days late
2022
31-12
Financial
Weakest financial yearnet €-154k ▼1185%
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 48 days late
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲18.4%
Net result €22k, the highest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albertstraat 351020 BrusselGround area
108 m²
Building footprint
108 m²
Volume, LiDAR
466 m³
Parcel 21818B0551/00F003, Brussels · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MERLUZA
since 20162.257.957.486
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818B0551/00F003 | Brussels | 108 m² | 1 · 107 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.257.957.486
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Of 466 companies in sector 47230 we hold annual accounts for 269. 213 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-2016
Fiscal year end31-12
Activities, NACEBEL
47230Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.