MERTENS RALPH MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €235k and a net result of €217k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 21% of 5523 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 7 filingsDeviation from the deadline
2025
14 d late
2024
29 d late
2023
29 d late
2022
30 d late
2021
28 d late
2020
27 d late
2019
35 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€235k▼ 75.1%
2024 · €943k
2019: €220k
2020: €383k
2021: €538k
2022: €790k
2023: €835k
2024: €943k
2019 → 2025
Net result
€217k▼ 5.1%
2024 · €228k
2019: €201k
2020: €163k
2021: €155k
2022: €252k
2023: €162k
2024: €228k
2019 → 2025
Total assets
€1.24M▼ 8.2%
2024 · €1.35M
2019: €1.13M
2020: €1.19M
2021: €1.24M
2022: €1.40M
2023: €1.34M
2024: €1.35M
2019 → 2025
Solvency
19.1%▼ 51.0pp
2024 · 70.1%
2019: 19.5%
2020: 32.2%
2021: 43.2%
2022: 56.6%
2023: 62.3%
2024: 70.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€538k-€790k▲ 46.9%€835k▲ 5.7%€943k▲ 13.0%€235k▼ 75.1%
Operating result€208k-€210k▲ 0.6%€243k▲ 15.7%€310k▲ 28.0%€293k▼ 5.5%
Net result€155k-€252k▲ 62.8%€162k▼ 35.6%€228k▲ 40.6%€217k▼ 5.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€1.00M=
Current assets
€235k▼ 32.0%
Equity and liabilities €1.24M
Equity
€235k▼ 75.1%
Debt
€1,000k▲ 148%
The debt ratio rises from 29.9% to 80.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
19.1%▼
2024 · 70.1%
ROE
92.1%▲
2024 · 24.2%
ROA
17.5%▲
2024 · 17.0%
Debt
€1,000k▲
2024 · €403k
Debt ≤ 1 year
€806k▲
2024 · €106k
Debt > 1 year
€183k▼
2024 · €286k
Income taxes
€72k▼
2024 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.24M▼
Fixed assets21/28€1.00M€1.00M=
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€346k€235k▼
Amounts receivable within one year40/41€342k€216k▼
Other amounts receivable41€342k€216k▼
Cash at bank and in hand54/58€4k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.24M▼
Equity10/15€943k€235k▼
Contributions10/11€19k€19k=
Reserves13€925k€217k▼
Distributable reserves133€925k€217k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€403k€1,000k▲
Amounts payable after more than one year17€286k€183k▼
Financial debts170/4€286k€183k▼
Amounts payable within one year42/48€106k€806k▲
Current portion of amounts payable after more than one year42€102k€103k▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48-€699k
Accrued charges and deferred income492/3€11k€11k▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€312k€295k▼
Operating profit (loss)9901€310k€293k▼
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€304k€289k▼
Income taxes67/77€76k€72k▼
Profit (loss) for the period9904€228k€217k▼
Profit (loss) for the period to be appropriated9905€228k€217k▼
Appropriation of the result
Profit (loss) to be appropriated9906€228k€217k▼
Transfer from equity791/2€120k€925k▲
Transfer to equity691/2€228k€217k▼
To other reserves6921€228k€217k▼
Profit to be distributed694/7€120k€925k▲
Return on contributions (dividend)694€120k€925k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2019net €252k ▲62.8%
Net result €252k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
31-12
Financial
Weakest financial yearnet €155k ▼5.2%
Net result drops to €155k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €538k ▲40.5%
3 profitable years in a row build equity to €538k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Eupen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gospertstrasse 854700 Eupen1 establishment unit
MERTENS RALPH MANAGEMENT
since 20182.277.549.607
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,606 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.