MERRET
ActiveSummary
MERRET has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €622,258 and a net result of €86,320. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73=
Solvency48▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.87 in 2023; short-term debt: 76.9% and cash: 14.4% of total assets), and 76.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €622,258
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
29 d early
2022
28 d early
2021
33 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€622,258▲ 16.1%
2023 · €535,938
Total assets
€2.7m▲ 4.4%
2023 · €2.6m
Net result
€86,320▲ 7.2%
2023 · €80,556
Working capital
-€144,284▲ 47.2%
2023 · -€273,478
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€505,990▼ 1,065%-€137,934▲ 72.7%€182,530€83,485▼ 54.3%€66,993▼ 19.8%
Net result-€506,564below the sector's middle half▼ 1,028%-€139,038below the sector's middle half▲ 72.6%€181,259above the sector's middle half€80,556within the sector's middle half▼ 55.6%€86,320within the sector's middle half▲ 7.2%
Equity€413,160within the sector's middle half▼ 55.1%€274,122within the sector's middle half▼ 33.7%€455,381within the sector's middle half▲ 66.1%€535,938within the sector's middle half▲ 17.7%€622,258within the sector's middle half▲ 16.1%
Total assets€1.7mwithin the sector's middle half▲ 1.3%€1.8mwithin the sector's middle half▲ 3.2%€2.5mwithin the sector's middle half▲ 44.1%€2.6mwithin the sector's middle half▲ 2.1%€2.7mwithin the sector's middle half▲ 4.4%
Debt€1.3m▲ 69.6%€1.5m▲ 15.0%€2.1m▲ 40.1%€2.0m▼ 1.4%€2.1m▲ 1.3%
Working capital-€394,516-€549,208▼ 39.2%-€395,587▲ 28.0%-€273,478▲ 30.9%-€144,284▲ 47.2%
Solvency24.3%within the sector's middle half▼ 30.5pp15.6%within the sector's middle half▼ 8.7pp18.0%within the sector's middle half▲ 2.4pp20.8%within the sector's middle half▲ 2.8pp23.1%within the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.7m
Fixed assets
€766,610 ▼ 5.5%
Current assets
€1.9m ▲ 8.9%
Equity and liabilities €2.7m
Equity
€622,258 ▲ 16.1%
Debt
€2.1m ▲ 1.3%
Debt's share of the balance-sheet total falls from 79.2% to 76.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123,830▼
2023 · €139,437
Cash flow
€143,157▲
2023 · €136,508
Current ratio
0.93▲
2023 · 0.87
Debt to equity
3.33▼
2023 · 3.82
ROE
13.9%▼
2023 · 15.0%
ROA
3.2%▲
2023 · 3.1%
Interest coverage
199.69▼
2023 · 225.71
Debt ≤ 1 year
€2.1m▲
2023 · €2.0m
Income taxes
€564▼
2023 · €3,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,872 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,990 | €56,609 | €53,864 | €55,951 | €56,837 | ▲ 1.6% |
| Other operating charges640/8 | - | €7,723 | €8,008 | €7,613 | €6,202 | ▼ 18.5% |
| Non-recurring operating charges66A | - | - | - | €244 | - | - |
| Gross operating margin9900 | -€451,272 | -€73,601 | €244,402 | €147,293 | €130,032 | ▼ 11.7% |
| Operating profit (loss)9901 | -€505,990 | -€137,934 | €182,530 | €83,485 | €66,993 | ▼ 19.8% |
| Financial income75/76B | - | - | - | €1,020 | €20,510 | ▲ 1,911% |
| Recurring financial income75 | €352 | - | - | €1,020 | €20,510 | ▲ 1,911% |
| Financial charges65/66B | - | €742 | €720 | €618 | €620 | ▲ 0.4% |
| Recurring financial charges65 | €563 | €742 | €720 | €618 | €620 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | -€506,201 | -€138,676 | €181,810 | €83,888 | €86,883 | ▲ 3.6% |
| Income taxes67/77 | €363 | €363 | €551 | €3,331 | €564 | ▼ 83.1% |
| Profit (loss) for the period9904 | -€506,564 | -€139,038 | €181,259 | €80,556 | €86,320 | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | -€506,564 | -€139,038 | €181,259 | €80,556 | €86,320 | ▲ 7.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €2.5m | €2.6m | €2.7m | ▲ 4.4% |
| Fixed assets21/28 | €809,520 | €825,245 | €851,107 | €811,035 | €766,610 | ▼ 5.5% |
| Tangible fixed assets22/27 | €809,520 | €825,245 | €851,107 | €811,035 | €766,610 | ▼ 5.5% |
| Land and buildings22 | - | €821,190 | €797,008 | €769,596 | €736,839 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €808 | €2,991 | €2,261 | €2,745 | ▲ 21.4% |
| Furniture and vehicles24 | - | €3,247 | €51,108 | €39,178 | €27,027 | ▼ 31.0% |
| Current assets29/58 | €891,266 | €929,768 | €1.7m | €1.8m | €1.9m | ▲ 8.9% |
| Amounts receivable within one year40/41 | €397,504 | €433,410 | €1.2m | €951,359 | €937,765 | ▼ 1.4% |
| Trade receivables40 | - | €14,910 | €22,415 | €22,859 | €28,510 | ▲ 24.7% |
| Other amounts receivable41 | - | €418,500 | €1.2m | €928,500 | €909,255 | ▼ 2.1% |
| Current investments50/53 | - | - | - | €600,000 | €600,000 | = |
| Cash at bank and in hand54/58 | €493,600 | €496,272 | €455,289 | €217,539 | €389,022 | ▲ 78.8% |
| Deferred charges and accrued income490/1 | - | €85 | €106 | €1,332 | €642 | ▼ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €2.5m | €2.6m | €2.7m | ▲ 4.4% |
| Equity10/15 | €413,160 | €274,122 | €455,381 | €535,938 | €622,258 | ▲ 16.1% |
| Contributions10/11 | €433,814 | €433,814 | €433,814 | €433,814 | €433,814 | = |
| Capital10 | - | €433,814 | €433,814 | €433,814 | €433,814 | = |
| Issued capital100 | - | €433,814 | €433,814 | €433,814 | €433,814 | = |
| Reserves13 | €43,381 | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Non-distributable reserves130/1 | - | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Legal reserve130 | - | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Profit (loss) carried forward14 | -€64,035 | -€203,073 | -€21,814 | €58,743 | €145,063 | ▲ 147% |
| Amounts payable17/49 | €1.3m | €1.5m | €2.1m | €2.0m | €2.1m | ▲ 1.3% |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €2.1m | €2.0m | €2.1m | ▲ 1.4% |
| Trade debts44 | €6,612 | €1,886 | €4,364 | €3,560 | €3,191 | ▼ 10.4% |
| Suppliers440/4 | - | €1,886 | €4,364 | €3,560 | €3,191 | ▼ 10.4% |
| Taxes, remuneration and social security45 | - | €9,201 | €10,966 | €10,427 | €9,855 | ▼ 5.5% |
| Taxes450/3 | - | €9,201 | €10,966 | €10,427 | €9,855 | ▼ 5.5% |
| Other amounts payable47/48 | - | €1.5m | €2.1m | €2.0m | €2.1m | ▲ 1.4% |
| Accrued charges and deferred income492/3 | - | €1,915 | €139 | €1,618 | €68 | ▼ 95.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€506,564 | -€139,038 | €181,259 | €80,556 | €86,320 | ▲ 7.2% |
| + Depreciation and write-downs630 | €48,990 | €56,609 | €53,864 | €55,951 | €56,837 | ▲ 1.6% |
| Operating cash flow (approximation) | -€457,574 | -€82,429 | €235,123 | €136,508 | €143,157 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€72,334 | -€79,726 | -€15,879 | -€12,413 | ▲ 21.8% |
| Change in cash | - | €2,672 | -€40,983 | -€237,749 | €171,483 | ▲ 172% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €535,938 ▲17.7%
2 profitable years in a row build equity to €535,938.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €181,259
Net result €181,259 after 4 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€506,564
Net result drops to -€506,564, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Meerhout · 1 establishment unit since 1990
Ground area
3,625 m²
Building footprint
224 m²
Volume, LiDAR
1,226 m³
Parcel 13021A0710/00C002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
STOETERIJ DE HAGEL
since 19902.050.274.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021A0710/00C002 | Flanders | 3,625 m² | 1 · 224 m² | 7.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300DUD0RIFY37Q568
Similar companies · same sector, comparable size
JUMA
BE 0474.745.417
Izegem · Eq €622,034
JOHAN TAVERNIERS
BE 0887.909.690
Ath · Eq €621,168
Loca projects
BE 0431.289.615
Lokeren · Eq €606,061
KEROS
BE 0440.613.788
Zonnebeke · Eq €639,968
WAMA
BE 0434.107.761
Assesse · Eq €656,189
Of 800 companies in sector 01450 we hold annual accounts for 114. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
01450Raising of sheep and goats
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441732654
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.