Summary
The computed 12-month bankruptcy probability of MERSAL is 3.9% (moderate). The 2025 annual accounts show equity of €3,204. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 452 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency100=
Growth55=
Track record86
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 3 filingsDeviation from the deadline
2025
13 d late
2024
31 d late
2023
442 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 162 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,204=
2024 · €3,204
Total assets
€3,565=
2024 · €3,565
Net result
€704
Working capital
€3,204=
2024 · €3,204
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related 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
Line202320242025
Operating result€704-
Net result€704within the sector's middle half-
Equity€3,204below the sector's middle half-€3,204below the sector's middle half=€3,204below the sector's middle half=
Total assets€3,565below the sector's middle half-€3,565below the sector's middle half=€3,565below the sector's middle half=
Debt€361-€361=€361=
Working capital€3,204-€3,204=€3,204=
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
2023 is the only fiscal year with figures: the operating result is €704.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3,565
Equity
€3,204 =
Debt
€361 =
Debt's share of the balance-sheet total stays at 10.1%.
Key figures and ratios
Debt ≤ 1 year
€361=
2024 · €361
Ratios withheld: a balance sheet total of €3,565 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €704 | - | - | - |
| Operating profit (loss)9901 | €704 | - | - | - |
| Profit (loss) for the period before taxes9903 | €704 | - | - | - |
| Profit (loss) for the period9904 | €704 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €704 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3,565 | €3,565 | €3,565 | = |
| Current assets29/58 | €3,565 | €3,565 | €3,565 | = |
| Amounts receivable within one year40/41 | €3,565 | €3,565 | €3,565 | = |
| Trade receivables40 | €1,065 | €1,065 | - | - |
| Other amounts receivable41 | €2,500 | €2,500 | €3,565 | ▲ 42.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3,565 | €3,565 | €3,565 | = |
| Equity10/15 | €3,204 | €3,204 | €3,204 | = |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €704 | €704 | €704 | = |
| Amounts payable17/49 | €361 | €361 | €361 | = |
| Amounts payable within one year42/48 | €361 | €361 | €361 | = |
| Taxes, remuneration and social security45 | €361 | €361 | €361 | = |
| Taxes450/3 | €361 | €361 | €361 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €704 | - | - | - |
| Operating cash flow (approximation) | €704 | - | - | - |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 442 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-03
KBO administration
Address struck
event 16-02-2024
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
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, Antwerpen · 1 establishment unit since 2023
Ground area
48 m²
Building footprint
48 m²
Volume, LiDAR
570 m³
Parcel 11805E0716/00S000, Flanders · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MERSAL
since 20232.340.207.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0716/00S000 | Flanders | 48 m² | 1 · 48 m² | 16.1 m · 5 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.
Similar companies · same sector, comparable size
LES VOYAGES D'AURORE
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ADVANCED STUDIES RESEARCH CENTER
BE 0802.337.973
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KINGS TRAVEL
BE 0872.133.730
Dendermonde · Eq €2,937
MERAJ
BE 0773.671.604
Anderlecht · Eq €2,816
NASSIM SOUSS
BE 0556.655.878
Anderlecht · Eq €3,898
Of 1,439 companies in sector 79110 we hold annual accounts for 882. 149 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
Founded28-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795490070
Also
9925:BE0795490070
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.