Active BE 0542.703.815Private limited company (pre-2019)Open bankruptcy

MERT

Brusselsesteenweg 135 ·9090 Merelbeke-Melle, Belgium· 12 yrs active

Sector: Verhuur en lease van vrachtwagens (77120)

Conclusion Checked

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 €540k and a net result of €370k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€540k
Net result	€370k
Staff (FTE)	59.2
Better than sector	30%

Snowflake analysis 5 of 5 axes measured · computed by Checked

44 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 1

Profitability 100

Solvency 42

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

53 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

· 1 administrative flag (+3)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 1 events

Address struck

Health barometer FY 2021 · computed

1 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 31-03-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 77, Renting & leasing · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	14.1%	25.1%	better than 30% of 79 sector peers
Net result	€70k	€12k	better than 70% of 79 sector peers
Equity	€540k	€173k	better than 75% of 79 sector peers
Gross operating margin	€2.70M	€157k	better than 95% of 78 sector peers
Employees (FTE)	59.2	3.6	better than 92% of 31 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€678k

-11.1% 18-21

Net profit

€370k

+7.1% 18-21

Cash flow

€871k

-2.0% 18-21

Total assets

€3.83M

+24.6% 18-21

Equity

€540k

+14.9% 18-21

Working capital

€-338k

+54.9% 18-21

Employees (FTE)

59

+13.4% 18-21

Income taxes

€45k

-0.3% 18-21

Debt

€3.30M

+26.3% 18-21

Debt ≤ 1y

€2.55M

+39.7% 18-21

Debt > 1y

€749k

-4.7% 18-21

Current ratio

0.87

+47.4% 18-21

Quick ratio

0.87

+47.4% 18-21

Solvency

14.1%

-7.8% 18-21

Debt / equity

1.39

-17.0% 18-21

ROE

68.5%

-6.8% 18-21

ROA

9.6%

-14.1% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€678k
Net profit	€370k
Cash flow	€871k
Staff costs	-
Income taxes	€45k
Dividends	-
Total assets	€3.83M
Equity	€540k
Debt	€3.30M
of which ≤ 1y	€2.55M
of which > 1y	€749k
Working capital	€-338k
Employees (FTE)	59.2

Ratios (computed)

	2021
Current ratio	0.87
Quick ratio	0.87
Working capital ratio	-8.8%
Solvency	14.1%
Debt / equity	1.39
Long-term debt ratio	1.39
Interest coverage	-
Gross margin	-
Net margin	-
ROA	9.6%
ROE	68.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €1.63M · 42.4% Current assets €2.21M · 57.6%

Equity & liabilities

Equity €540k · 14.1% Debt €3.30M · 85.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.83M
Fixed assets	21/28	€1.63M
Intangible fixed assets	21	€34k
Tangible fixed assets	22/27	€1.56M
Financial fixed assets	28	€35k
Current assets	29/58	€2.21M
Amounts receivable within one year	40/41	€1.99M
Cash & bank	54/58	€86k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.83M
Equity	10/15	€540k
Reserves	13	€50k
Accumulated profits (losses)	14	€370k
Amounts payable	17/49	€3.30M
Amounts payable after one year	17	€749k
Amounts payable within one year	42/48	€2.55M
Trade debts payable within one year	44	€637k
Income statement
Gross operating margin	9900	€2.70M
Operating result	9901	€176k
Financial income	75	€136
Financial charges	65	€61k
Result before taxes	9903	€115k
Income taxes	67/77	€45k
Net result for the period	9904	€70k
Result to be appropriated	9905	€70k

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Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	PATRICIA VANDENBERGE BURGEMEESTER EDMOND RONSESTRAAT 4, 9820 05 MELSEN ↔ Also on 65 other cases	04-04-2023 → present	Belgian State Gazette
Curator	VERA DE DIJCKER ROOSBLOEMSTRAAT 4, 9860 OOSTERZELE-	04-04-2023 → present	Belgian State Gazette
Curator	NICOLAS CLAERHOUT KONING ALBERTSTRAAT 25/1, 9900 EEKLO	04-04-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Verhuur en lease van vrachtwagens(77120)
Legal form	Private limited company (pre-2019)(015)
Incorporation	29-11-2013
Status	Active
Postal code	9090
First BS signal	12-04-2023
Latest BS signal	12-04-2023

Establishment units 2 locations

MERT

Goederenvervoer over de weg

since 20132.224.557.814

Mert

Havendoklaan 19, 1800 VilvoordeGoederenvervoer over de weg

since 20232.340.946.827

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

10-08-2026

KBO administration Address struck

2023

12-04-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · MERT BV BRUSSELSE- STEENWEG 135, 9090 MELLE · event 04-04-2023

2022

31-03-2022