Merrick
ActiveSummary
Merrick has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+4
Solvency62▲+12
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.74 in 2024; short-term debt: 24.7% and cash: 22.3% of total assets), and 62.6% of the assets are financed with debt.
Credit check for your own amount and term
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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
37.4%
Return on assets
10.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €101k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
3 d early
2023
9 d late
2022
16 d late
2021
26 d early
2020
57 d early
2019
57 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€101k▲ 36.3%
2024 · €74k
2018: €87k
2019: €104k▲ +18.7% vs 2018highest in 8 years
2020: €57k▼ -44.6% vs 2019
2021: €32k▼ -45.2% vs 2020
2022: €747▼ -97.6% vs 2021lowest in 8 years
2023: €55k▲ +7274% vs 2022
2024: €74k▲ +34.1% vs 2023
2025: €101k▲ +36.3% vs 2024
2018 → 2025
Total assets
€269k▼ 7.7%
2024 · €292k
2018: €320k
2019: €331k▲ +3.2% vs 2018highest in 8 years
2020: €318k▼ -3.9% vs 2019
2021: €266k▼ -16.4% vs 2020
2022: €218k▼ -18.0% vs 2021lowest in 8 years
2023: €265k▲ +21.6% vs 2022
2024: €292k▲ +10.2% vs 2023
2025: €269k▼ -7.7% vs 2024
2018 → 2025
Net result
€28k▲ 39.4%
2024 · €20k
2018: €-25k
2019: €16k▲ +166% vs 2018
2020: €-46k▼ -383% vs 2019lowest in 8 years
2021: €-26k▲ +44.0% vs 2020
2022: €-31k▼ -18.3% vs 2021
2023: €54k▲ +277% vs 2022highest in 8 years
2024: €20k▼ -62.4% vs 2023
2025: €28k▲ +39.4% vs 2024
2018 → 2025
Working capital
€18k
2024 · €-26k
2018: €57k
2019: €74k▲ +30.5% vs 2018highest in 8 years
2020: €31k▼ -58.2% vs 2019
2021: €-1k▼ -105% vs 2020
2022: €-40k▼ -2618% vs 2021lowest in 8 years
2023: €-103▲ +99.7% vs 2022
2024: €-26k▼ -25057% vs 2023
2025: €18k▲ +169% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€747▼ 97.6%€55k▲ 7,274%€74k▲ 34.1%€101k▲ 36.3%
2021: €32k
2022: €747▼ -97.6% vs 2021lowest in 5 years
2023: €55k▲ +7274% vs 2022
2024: €74k▲ +34.1% vs 2023
2025: €101k▲ +36.3% vs 2024highest in 5 years
Operating result€-21k-€-25k▼ 18.6%€60k€27k▼ 55.7%€54k▲ 103%
2021: €-21k
2022: €-25k▼ -18.6% vs 2021lowest in 5 years
2023: €60k▲ +335% vs 2022highest in 5 years
2024: €27k▼ -55.7% vs 2023
2025: €54k▲ +103% vs 2024
Net result€-26k-€-31k▼ 18.3%€54k€20k▼ 62.4%€28k▲ 39.4%
2021: €-26k
2022: €-31k▼ -18.3% vs 2021lowest in 5 years
2023: €54k▲ +277% vs 2022highest in 5 years
2024: €20k▼ -62.4% vs 2023
2025: €28k▲ +39.4% 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 recovers in 2025; 2025 is 103% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€185k ▼ 14.9%
Current assets
€84k ▲ 13.2%
Equity and liabilities €269k
Equity
€101k ▲ 36.3%
Debt
€169k ▼ 22.6%
Debt's share of the balance-sheet total falls from 74.7% to 62.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2024 · €53k
Cash flow
€61k▲
2024 · €47k
Current ratio
1.27▲
2024 · 0.74
Quick ratio
1.21▲
2024 · 0.70
Debt to equity
1.67▼
2024 · 2.95
ROE
28.3%▲
2024 · 27.7%
ROA
10.6%▲
2024 · 7.0%
Interest coverage
8.64▼
2024 · 9.93
Debt ≤ 1 year
€66k▼
2024 · €100k
Debt > 1 year
€102k▼
2024 · €118k
Income taxes
€15k▲
2024 · €2k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€292k€269k▼
Fixed assets21/28€217k€185k▼
Tangible fixed assets22/27€217k€185k▼
Land and buildings22€157k€139k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€57k€44k▼
Current assets29/58€75k€84k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€15k€18k▲
Trade receivables40€7k€9k▲
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€55k€60k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€292k€269k▼
Equity10/15€74k€101k▲
Contributions10/11€19k€19k=
Reserves13€94k€94k=
Distributable reserves133€94k€94k=
Profit (loss) carried forward14€-38k€-12k▲
Amounts payable17/49€218k€169k▼
Amounts payable after more than one year17€118k€102k▼
Financial debts170/4€118k€102k▼
Amounts payable within one year42/48€100k€66k▼
Current portion of amounts payable after more than one year42€20k€17k▼
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€447€4k▲
Taxes450/3€447€4k▲
Other amounts payable47/48€77k€40k▼
Income statement
Code20242025
Non-recurring operating income76A€25k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€32k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€58k€90k▲
Operating profit (loss)9901€27k€54k▲
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€5k€10k▲
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€23k€44k▲
Income taxes67/77€2k€15k▲
Profit (loss) for the period9904€20k€28k▲
Profit (loss) for the period to be appropriated9905€20k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-10k▲
Profit (loss) brought forward from the previous period14P€-57k€-38k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (5 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 | - | - | - | €25k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €28k | €27k | €26k | €32k | ▲ 23.2% |
| Other operating charges640/8 | €3k | €3k | €4k | €5k | €4k | ▼ 27.5% |
| Gross operating margin9900 | €10k | €5k | €91k | €58k | €90k | ▲ 55.3% |
| Operating profit (loss)9901 | €-21k | €-25k | €60k | €27k | €54k | ▲ 103% |
| Financial income75/76B | €511 | €36 | €45 | €2k | €1 | ▼ 99.9% |
| Recurring financial income75 | €511 | €36 | €45 | €2k | €1 | ▼ 99.9% |
| Financial charges65/66B | €5k | €5k | €5k | €5k | €10k | ▲ 87.5% |
| Recurring financial charges65 | €5k | €5k | €5k | €5k | €10k | ▲ 87.5% |
| Profit (loss) for the period before taxes9903 | €-26k | €-30k | €55k | €23k | €44k | ▲ 92.8% |
| Income taxes67/77 | €248 | €311 | €337 | €2k | €15k | ▲ 565% |
| Profit (loss) for the period9904 | €-26k | €-31k | €54k | €20k | €28k | ▲ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-31k | €54k | €20k | €28k | ▲ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266k | €218k | €265k | €292k | €269k | ▼ 7.7% |
| Fixed assets21/28 | €214k | €197k | €192k | €217k | €185k | ▼ 14.9% |
| Tangible fixed assets22/27 | €214k | €197k | €192k | €217k | €185k | ▼ 14.9% |
| Land and buildings22 | €179k | €173k | €171k | €157k | €139k | ▼ 11.4% |
| Plant, machinery and equipment23 | - | €2k | €3k | €3k | €2k | ▼ 35.0% |
| Furniture and vehicles24 | €34k | €22k | €19k | €57k | €44k | ▼ 23.3% |
| Current assets29/58 | €52k | €20k | €72k | €75k | €84k | ▲ 13.2% |
| Stocks and contracts in progress3 | - | €4k | €4k | €4k | €4k | = |
| Stocks30/36 | - | €4k | €4k | €4k | €4k | = |
| Amounts receivable within one year40/41 | €15k | €5k | €20k | €15k | €18k | ▲ 24.9% |
| Trade receivables40 | €3k | €3k | €20k | €7k | €9k | ▲ 23.9% |
| Other amounts receivable41 | €12k | €2k | €34 | €8k | €10k | ▲ 25.8% |
| Cash at bank and in hand54/58 | €18k | €7k | €46k | €55k | €60k | ▲ 9.6% |
| Deferred charges and accrued income490/1 | €18k | €4k | €3k | €1k | €2k | ▲ 81.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266k | €218k | €265k | €292k | €269k | ▼ 7.7% |
| Equity10/15 | €32k | €747 | €55k | €74k | €101k | ▲ 36.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €94k | €94k | €94k | €94k | €94k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €92k | €92k | €94k | €94k | €94k | = |
| Profit (loss) carried forward14 | €-81k | €-112k | €-57k | €-38k | €-12k | ▲ 69.8% |
| Amounts payable17/49 | €234k | €217k | €210k | €218k | €169k | ▼ 22.6% |
| Amounts payable after more than one year17 | €181k | €157k | €137k | €118k | €102k | ▼ 13.1% |
| Financial debts170/4 | €181k | €157k | €137k | €118k | €102k | ▼ 13.1% |
| Amounts payable within one year42/48 | €53k | €60k | €73k | €100k | €66k | ▼ 33.8% |
| Current portion of amounts payable after more than one year42 | €49k | €49k | €26k | €20k | €17k | ▼ 17.8% |
| Trade debts44 | €77 | €4k | €1k | €3k | €6k | ▲ 84.2% |
| Suppliers440/4 | €77 | €4k | €1k | €3k | €6k | ▲ 84.2% |
| Advances received on contracts in progress46 | €3k | €3k | €1k | €0 | - | - |
| Taxes, remuneration and social security45 | €1k | €5k | €2k | €447 | €4k | ▲ 763% |
| Taxes450/3 | €1k | €5k | €2k | €447 | €4k | ▲ 763% |
| Other amounts payable47/48 | €113 | €0 | €41k | €77k | €40k | ▼ 47.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-26k | €-31k | €54k | €20k | €28k | ▲ 39.4% |
| + Depreciation and write-downs630 | €28k | €28k | €27k | €26k | €32k | ▲ 23.2% |
| Operating cash flow (approximation) | €2k | €-3k | €82k | €47k | €61k | ▲ 30.3% |
| Investment in fixed assets (approximation) | - | €-11k | €-22k | €-51k | €0 | ▲ 100.0% |
| Change in cash | - | €-11k | €39k | €9k | €5k | ▼ 39.8% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €100kEq €101k ▲36.3%
3 profitable years in a row build equity to €101k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €54k
Net result €54k after 3 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €100kEq €104k ▲18.7%
Equity rises from €87k to €104k.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2006
Ground area
1,069 m²
Building footprint
457 m²
Volume, LiDAR
2,119 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Potaardeberg 43, 9820 Merelbeke-Melle
since 20062.157.894.761
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0334/00L000 | Flanders | 790 m² | 1 · 177 m² | 11.7 m · 2 fl. |
| 44062B0075/00G004 | Flanders | 280 m² | 1 · 280 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 298 EUR awarded · 298 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 298 EUR | 298 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,203 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
Founded20-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
62900Other information technology and computer services
77222Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.