MERMAT
MERMAT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €3k. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 42% of 12499 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
| Equity | €48k |
| Net result | €3k |
| Staff (FTE) | 23.9 |
| Better than sector | 42% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.4% | 30.5% | |
| Net result | €3k | €5k | |
| Equity | €48k | €30k | |
| Gross operating margin | €308k | €62k | |
| Staff costs | €255k | €56k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €40k | €17k | €1k | €63k |
| Net profit | €3k | €-11k | €-21k | €41k |
| Cash flow | €25k | €10k | €-3k | €50k |
| Staff costs | €255k | €232k | €207k | €159k |
| Income taxes | €7k | €155 | €-1k | €10k |
| Dividends | - | - | - | - |
| Total assets | €223k | €168k | €204k | €165k |
| Equity | €48k | €45k | €56k | €77k |
| Debt | €176k | €123k | €148k | €88k |
| of which ≤ 1y | €121k | €91k | €104k | €63k |
| of which > 1y | €51k | €26k | €36k | €16k |
| Working capital | €5k | €3k | €-21k | €46k |
| Employees (FTE) | 23.9 | 23.9 | 23.8 | 20.3 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.04 | 1.03 | 0.80 | 1.73 |
| Quick ratio | 0.91 | 0.85 | 0.64 | 1.49 |
| Working capital ratio | 2.3% | 1.9% | -10.2% | 27.7% |
| Solvency | 21.4% | 26.9% | 27.3% | 46.6% |
| Debt / equity | 3.68 | 2.72 | 2.66 | 1.15 |
| Long-term debt ratio | 1.07 | 0.57 | 0.65 | 0.20 |
| Interest coverage | 4.70 | 2.38 | 0.26 | 14.74 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.2% | -6.4% | -10.5% | 24.9% |
| ROE | 5.6% | -23.6% | -38.4% | 53.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €223k | €168k | €204k | €165k |
| Fixed assets | 21/28 | €97k | €73k | €120k | €56k |
| Tangible fixed assets | 22/27 | €89k | €65k | €112k | €50k |
| Financial fixed assets | 28 | €9k | €9k | €9k | €6k |
| Current assets | 29/58 | €126k | €94k | €83k | €109k |
| Stocks & contracts in progress | 3 | €16k | €17k | €17k | €15k |
| Amounts receivable within one year | 40/41 | €36k | €30k | €23k | €20k |
| Cash & bank | 54/58 | €66k | €41k | €38k | €69k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €223k | €168k | €204k | €165k |
| Equity | 10/15 | €48k | €45k | €56k | €77k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €58k | €58k | €58k | €58k |
| Accumulated profits (losses) | 14 | €-29k | €-32k | €-21k | - |
| Amounts payable | 17/49 | €176k | €123k | €148k | €88k |
| Amounts payable after one year | 17 | €51k | €26k | €36k | €16k |
| Amounts payable within one year | 42/48 | €121k | €91k | €104k | €63k |
| Trade debts payable within one year | 44 | €45k | €28k | €28k | €16k |
| Income statement | |||||
| Gross operating margin | 9900 | €308k | €270k | €222k | €230k |
| Operating result | 9901 | €18k | €-4k | €-17k | €54k |
| Financial income | 75 | €117 | €460 | €455 | €2k |
| Financial charges | 65 | €9k | €7k | €6k | €4k |
| Result before taxes | 9903 | €10k | €-10k | €-23k | €51k |
| Income taxes | 67/77 | €7k | €155 | €-1k | €10k |
| Net result for the period | 9904 | €3k | €-11k | €-21k | €41k |
| Result to be appropriated | 9905 | €3k | €-11k | €-21k | €41k |
Former directors (1)
-
Benoît WygaertsDirectorState Gazette act 24076954 (21-05-2024)Former- → 26-04-2024
| NACE primary | Cafés and bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 22-07-2008 |
| Status | Active |
| Postal code | 9600 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45423E0757/00K000 | Flanders | 556 m² | 1 · 358 m² | - |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-05-2024 Mandate of Benoît Wygaerts as director expired
- Benoît Wygaerts, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Beno\u00EEt Wygaerts",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2024-04-26",
"evidence_quote": "De algemene vergadering neemt kennis van het ontslag van Beno\u00EEt Wygaerts als niet-statutaire bestuurder, en dit met ingang op 26/04/2024.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-05-21",
"filing_date": "2024-05-08",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-04-26",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0899.403.596",
"name_full": "MERMAT",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Pieter De Backer",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"de notulen van de bijzondere algemene vergadering dd. 26/04/2024"
],
"corrected_publication_numac": null
}| Legal nameNL | MERMAT |