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MERT

Open bankruptcy
Private limited company (pre-2019)founded 2013KBO/BCE: BE 0542.703.815
Summary

A bankruptcy procedure is open for MERT according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €539,505 and a net result of €69,817.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ghent division
Declared bankrupt
4 April 2023
Supervising judge
Henk Vanthuyne
Official Gazette
12-04-2023 (pdf) ↗search the document for 2023/114139

Deadlines

Provisional date payments stopped
4 October 2022Moved back by judgment of 20 June 2023. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 27 April 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 4 May 2023art. XX.104 and XX.155 CEL
First verification report
passed on 9 May 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 4 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 31-03-2022, 30 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
3 d late
2019
2 d early
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 publications
Publications
Address struck

History

MERT was incorporated on 29 November 2013.1 Total assets rose from EUR 1.5 million in 2018 to EUR 3.8 million in 2021 and headcount from 40.4 to 59.2 full-time equivalents.2 On 4 April 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 12-04-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, abbreviated schema

Equity
€539,505▲ 14.9%
2020 · €469,688
Total assets
€3.8m▲ 24.6%
2020 · €3.1m
Net result
€69,817▼ 31.2%
2020 · €101,434
Working capital
-€338,139▲ 54.9%
2020 · -€750,368
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Line2018201920202021
Operating result€133,195-€142,181▲ 6.7%€218,628▲ 53.8%€176,207▼ 19.4%
Net result€38,971-€57,085▲ 46.5%€101,434above the sector's middle half▲ 77.7%€69,817within the sector's middle half▼ 31.2%
Equity€210,120-€368,254▲ 75.3%€469,688within the sector's middle half▲ 27.5%€539,505within the sector's middle half▲ 14.9%
Total assets€1.5m-€2.5m▲ 67.2%€3.1mabove the sector's middle half▲ 24.0%€3.8mabove the sector's middle half▲ 24.6%
Debt€1.3m-€2.1m▲ 65.9%€2.6m▲ 23.4%€3.3m▲ 26.3%
Working capital-€535,396--€658,297▼ 23.0%-€750,368below the sector's middle half▼ 14.0%-€338,139below the sector's middle half▲ 54.9%
Solvency14.1%-14.8%▲ 0.7pp15.3%within the sector's middle half▲ 0.4pp14.1%below the sector's middle half▼ 1.2pp
Current ratio0.49-0.54▲ 0.040.59below the sector's middle half▲ 0.050.87within the sector's middle half▲ 0.28
Return on assets (ROA)2.6%-2.3%▼ 0.3pp3.3%within the sector's middle half▲ 1.0pp1.8%within the sector's middle half▼ 1.5pp
Staff (FTE)40.4-46.4▲ 14.9%52.2above the sector's middle half▲ 12.5%59.2above the sector's middle half▲ 13.4%
above within below the middle half (P25 to P75) of NACE 77, Rental and leasing 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
€0€100,000€200,000Operating result 2018: €133,195€133,195Net result 2018: €38,971€38,971Operating result 2019: €142,181€142,181Net result 2019: €57,085€57,085Operating result 2020: €218,628€218,628Net result 2020: €101,434€101,434Operating result 2021: €176,207€176,207Net result 2021: €69,817€69,8172018201920202021€0€100,000€200,000Operating result 2019: €142,181€142,000Net result 2019: €57,085€57,100Operating result 2020: €218,628€219,000Net result 2020: €101,434€101,000Operating result 2021: €176,207€176,000Net result 2021: €69,817€69,800201920202021
The operating result falls in 2021; 2021 is 19% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3.8m
Fixed assets €1.6m ▼ 18.9%
Current assets €2.2m ▲ 106%
Equity and liabilities €3.8m
Equity €539,505 ▲ 14.9%
Debt €3.3m ▲ 26.3%
Debt's share of the balance-sheet total rises from 84.7% to 85.9%. Equity and debt are higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€677,668▼
2020 · €762,117
Cash flow
€571,277▼
2020 · €644,922
Debt to equity
1.39▼
2020 · 1.67
ROE
12.9%▼
2020 · 21.6%
Debt ≤ 1 year
€2.5m▲
2020 · €1.8m
Debt > 1 year
€748,975▼
2020 · €785,747
Income taxes
€45,327▼
2020 · €45,469
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 25 lines
Balance sheet Code20202021
Assets
Total assets20/58€3.1m€3.8m▲
Fixed assets21/28€2.0m€1.6m▼
Intangible fixed assets21€13,289€33,796▲
Tangible fixed assets22/27€2.0m€1.6m▼
Financial fixed assets28€34,500€34,500=
Current assets29/58€1.1m€2.2m▲
Amounts receivable within one year40/41€1.0m€2.0m▲
Cash at bank and in hand54/58€39,929€86,010▲
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.8m▲
Equity10/15€469,688€539,505▲
Reserves13€50,211€50,211=
Profit (loss) carried forward14€299,827€369,644▲
Amounts payable17/49€2.6m€3.3m▲
Amounts payable after more than one year17€785,747€748,975▼
Amounts payable within one year42/48€1.8m€2.5m▲
Trade debts44€384,987€637,231▲
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€543,489€501,460▼
Gross operating margin9900€2.2m€2.7m▲
Operating profit (loss)9901€218,628€176,207▼
Recurring financial income75€0€136▲
Recurring financial charges65€71,726€61,199▼
Profit (loss) for the period before taxes9903€146,902€115,144▼
Income taxes67/77€45,469€45,327▼
Profit (loss) for the period9904€101,434€69,817▼
Profit (loss) for the period to be appropriated9905€101,434€69,817▼
Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€229,213€359,604€543,489€501,460▼ 7.7%
Gross operating margin9900€1.5m€1.9m€2.2m€2.7m▲ 20.1%
Operating profit (loss)9901€133,195€142,181€218,628€176,207▼ 19.4%
Recurring financial income75€0€156€0€136▲ 136,280%
Recurring financial charges65€33,930€83,751€71,726€61,199▼ 14.7%
Profit (loss) for the period before taxes9903€99,265€58,586€146,902€115,144▼ 21.6%
Income taxes67/77€60,294€1,501€45,469€45,327▼ 0.3%
Profit (loss) for the period9904€38,971€57,085€101,434€69,817▼ 31.2%
Profit (loss) for the period to be appropriated9905€38,971€57,085€101,434€69,817▼ 31.2%
Line2018201920202021Change
Assets
Total assets20/58€1.5m€2.5m€3.1m€3.8m▲ 24.6%
Fixed assets21/28€961,174€1.7m€2.0m€1.6m▼ 18.9%
Intangible fixed assets21€6,125€5,913€13,289€33,796▲ 154%
Tangible fixed assets22/27€943,510€1.7m€2.0m€1.6m▼ 20.4%
Financial fixed assets28€11,540€31,500€34,500€34,500=
Current assets29/58€523,798€758,175€1.1m€2.2m▲ 106%
Amounts receivable within one year40/41€460,603€745,187€1.0m€2.0m▲ 97.9%
Cash at bank and in hand54/58€63,195€12,988€39,929€86,010▲ 115%
Equity and liabilities
Total equity and liabilities10/49€1.5m€2.5m€3.1m€3.8m▲ 24.6%
Equity10/15€210,120€368,254€469,688€539,505▲ 14.9%
Contributions10/11€18,600€119,650---
Reserves13€1,860€4,756€50,211€50,211=
Profit (loss) carried forward14€189,660€243,848€299,827€369,644▲ 23.3%
Amounts payable17/49€1.3m€2.1m€2.6m€3.3m▲ 26.3%
Amounts payable after more than one year17€215,659€698,285€785,747€748,975▼ 4.7%
Amounts payable within one year42/48€1.1m€1.4m€1.8m€2.5m▲ 39.7%
Trade debts44€450,553€475,911€384,987€637,231▲ 65.5%
Line2018201920202021Change
Profit (loss) for the period9904€38,971€57,085€101,434€69,817▼ 31.2%
+ Depreciation and write-downs630€229,213€359,604€543,489€501,460▼ 7.7%
Operating cash flow (approximation)€268,183€416,688€644,922€571,277▼ 11.4%
Investment in fixed assets (approximation)--€1.1m-€824,455-€122,276▲ 85.2%
Change in cash--€50,207€26,941€46,081▲ 71.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
10-08
KBO administration Address struck
2023
26-06
Bankruptcy Date of cessation of payments moved back
Ondernemingsrechtbank Gent, afdeling Gent · event 20-06-2023
12-04
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-04-2023
2022
31-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial Equity above €500,000Eq €539,505 ▲14.9%
4 profitable years in a row build equity to €539,505.
03-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
30-09
Financial Highest result since 2018net €101,434 ▲77.7%
Operating result €218,628, net result €101,434, both a record.
28-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 37 days late
2016
22-04
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial 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, Merelbeke-Melle · 2 establishment units since 2013
seat establishment All 2 establishment units on the map
Ground area
2.0 ha
Building footprint
1.1 ha
Volume, LiDAR
133,591 m³
2 parcels, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MERT
Freight transport by road
since 20132.224.557.814
Mert
Havendoklaan 19, 1800 VilvoordeFreight transport by road
since 20232.340.946.827
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23643E0178/00V002 Flanders 1.9 ha 1 · 1.1 ha 13.8 m · 4 fl.
44402A0187/00T003 Flanders 743 m² 1 · 173 m² 11.4 m · 2 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.

Insolvency mandates

3 mandates
Role Name Tenure
Curator PATRICIA VANDENBERGE
BURGEMEESTER EDMOND RONSESTRAAT 4, 9820 05 MELSEN
04-04-2023 → present
Curator VERA DE DIJCKER
ROOSBLOEMSTRAAT 4, 9860 OOSTERZELE-
04-04-2023 → present
Curator NICOLAS CLAERHOUT
KONING ALBERTSTRAAT 25/1, 9900 EEKLO
04-04-2023 → present

Recognitions · licences · registrations

Food safety, FASFC

1 site
Merelbeke-Melle2.224.557.814
3 permissions
Vervoer andere dan levensmiddelen · since 29-10-2020
Vervoer kamer t° levensmiddelen · since 29-10-2020
Vervoer van diervoeders · since 29-10-2020

Similar companies · same sector, comparable size

Of 361 companies in sector 77120 we hold annual accounts for 234. 161 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 (pre-2019)
Founded29-11-2013
Fiscal year end30-09
Activities, NACEBEL 2025
77120Rental and leasing activities
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
49420Removal services
52250Logistics services
53100Postal and courier activities
53200Other postal and courier activities
77110Renting and leasing of cars and light motor vehicles
Contact
Website www.mert-ligistics.beVilvoorde
E-mail humeyra@mert-logistics.beVilvoorde
Phone +32489897421Vilvoorde
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.