MERODE
ActiveMERODE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €20k. Equity is growing by ~7.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
66
/ 100
Healthy▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+18
Solvency65▼-26
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.61 against 1.72 in 2024), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
52.9%
Return on assets
4.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
22 d late
2022
24 d late
2021
25 d late
2020
30 d late
2019
21 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▲ 43.6%
2024 · €14k
2018: €40k
2019: €35k
2020: €41k
2021: €40k
2022: €37k
2023: €27k
2024: €14k
2018 → 2025
Working capital
€-38k
2024 · €52k
2018: €-57k
2019: €-963
2020: €45k
2021: €104k
2022: €139k
2023: €152k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€289k-€326k▲ 12.8%€322k▼ 1.2%€296k▼ 8.1%€240k▼ 18.9%
Operating result€60k-€56k▼ 6.0%€46k▼ 17.5%€28k▼ 38.9%€38k▲ 33.3%
Net result€40k-€37k▼ 7.6%€27k▼ 26.5%€14k▼ 49.7%€20k▲ 43.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €454k
Fixed assets
€394k▲ 1.1%
Current assets
€59k▼ 52.3%
Equity and liabilities €454k
Equity
€240k▼ 18.9%
Provisions
€496=
Debt
€213k▼ 2.3%
The debt ratio rises from 42.4% to 47.0%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€79k▲
2024 · €64k
Cash flow
€61k▲
2024 · €50k
Solvency
52.9%▼
2024 · 57.5%
Current ratio
0.61▼
2024 · 1.72
Quick ratio
0.61▼
2024 · 1.72
Debt / equity
0.89▲
2024 · 0.74
ROE
8.2%▲
2024 · 4.6%
ROA
4.3%▲
2024 · 2.7%
Interest coverage
8.13▼
2024 · 9.47
Debt
€213k▼
2024 · €218k
Debt ≤ 1 year
€98k▲
2024 · €73k
Debt > 1 year
€112k▼
2024 · €132k
Income taxes
€9k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€515k€454k▼
Fixed assets21/28€390k€394k▲
Tangible fixed assets22/27€390k€394k▲
Land and buildings22€361k€253k▼
Plant, machinery and equipment23€10k€9k▼
Other tangible fixed assets26€19k€133k▲
Current assets29/58€125k€59k▼
Amounts receivable within one year40/41€114k€54k▼
Trade receivables40€83k€27k▼
Other amounts receivable41€31k€27k▼
Cash at bank and in hand54/58€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€515k€454k▼
Equity10/15€296k€240k▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€221k€165k▼
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€194k€138k▼
Provisions and deferred taxes16€496€496=
Provisions for liabilities and charges160/5€496€496=
Pensions and similar obligations160€496€496=
Amounts payable17/49€218k€213k▼
Amounts payable after more than one year17€132k€112k▼
Financial debts170/4€132k€112k▼
Amounts payable within one year42/48€73k€98k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€6k€0▼
Suppliers440/4€6k€0▼
Other amounts payable47/48€42k€72k▲
Accrued charges and deferred income492/3€13k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€42k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€70k€86k▲
Operating profit (loss)9901€28k€38k▲
Financial income75/76B€0€444▲
Recurring financial income75€0€444▲
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€22k€28k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€14k€20k▲
Profit (loss) for the period to be appropriated9905€14k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€20k▲
Transfer from equity791/2€40k€75k▲
Transfer to equity691/2€14k€20k▲
To other reserves6921€14k€20k▲
Profit to be distributed694/7€40k€75k▲
Return on contributions (dividend)694€40k€75k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €14k ▼49.7%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲17.2%
Net result €41k, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Equity above €200kEq €208k ▲20%
2 profitable years in a row build equity to €208k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-01-2026
Rogiers Guido: Resigned as Director
08-01-2026
Rogiers Harald: Resigned as Director
08-01-2026
Rondags Evaline: Resigned as Director
Location & real-estate footprint
Registered office, Lanaken · 1 establishment unit since 1994
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.
Koning Albertlaan 2443620 LanakenGround area
1,765 m²
Building footprint
756 m²
Volume, LiDAR
5,114 m³
Parcel 73322A0293/00B000, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MERODE
since 19942.067.570.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73322A0293/00B000 | Flanders | 1,765 m² | 1 · 756 m² | 15.1 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-06-1994
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.