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MERTES ENERGIE

Active
Private limited companyfounded 2012active for 14 yearsMalmedyer Strasse 55, 4750 Bütgenbach, BelgiumKBO/BCE: BE 0844.745.482
Summary

The computed 12-month bankruptcy probability of MERTES ENERGIE is 6.1% (elevated). The 2025 annual accounts show negative equity (-€147,174) and a net result of -€1.1m. Equity has been growing by about 29% per year since 2019. Its solvency ranks better than 7% of 6,172 sector peers (NACE 46, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 20-03-2012 Normal situation
Activity
Wholesale of construction materials, general range NACE 46831and 6 others
Establishment units
2.209.380.876 4750 Bütgenbach, since 22-05-2012
2.321.258.005 4960 Malmedy, since 09-09-2021
Financial year end
31 March
Peppol
Reachable since 18-12-2025

Financial position

33 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.1%
Annual accounts to 31-03-2025
Gross margin
€581,589
▼ 60.2%
Turnover
≈ €3.0m
estimated
Loss
€1.1m
▲ 48×
Equity
-€147,174
Total assets
€4.2m
▼ 15.9%
Employees on 31-03-2025
19
▼ 13.6%
  • Negative equity on 31-03-2025
  • 2026 accounts not filed, 3 days past the deadline
Net result -4,725%: merger
Score breakdownraises riskNegative equity -€147,174Liquidity: current ratio 0.71, cash €7,896, halvedLoss of €1.1m, the second in a row (financial year 2025)Size: 18.3 FTE, total assets €4.2mShow the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 6% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 21-24
equity -3.5% of total assets
Liquidity 21-16
short-term debt 56.1% · cash 0.2%
Profitability 0-41
return on assets -27.1%
Bankruptcy probability within 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,372 companies, NACE 46, small)
Last 24 months 12-2024: 0.8%lowest value 01-2025: 0.8%● unchanged vs 12-2024lowest value 02-2025: 0.8%● unchanged vs 01-2025lowest value 03-2025: 0.8%● unchanged vs 02-2025lowest value 04-2025: 0.8%● unchanged vs 03-2025lowest value 05-2025: 0.8%● unchanged vs 04-2025lowest value 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▲ +0.1 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.4%▲ +0.4 percentage points vs 09-2025 11-2025: 5.2%▲ +3.8 percentage points vs 10-2025 12-2025: 5.2%● unchanged vs 11-2025 01-2026: 5.2%● unchanged vs 12-2025 02-2026: 5.2%● unchanged vs 01-2026 03-2026: 5.2%● unchanged vs 02-2026 04-2026: 5.2%● unchanged vs 03-2026 05-2026: 5.3%▲ +0.1 percentage points vs 04-2026 06-2026: 5.3%● unchanged vs 05-2026 07-2026: 5.3%● unchanged vs 06-2026 08-2026: 5.4%▲ +0.1 percentage points vs 07-2026 09-2026: 5.5%▲ +0.1 percentage points vs 08-2026 10-2026: 5.7%▲ +0.2 percentage points vs 09-2026 11-2026: 6.1%▲ +0.4 percentage points vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.71 (1.32 in 2024), below 1. Short-term debt is 56.1% and cash 0.2% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 4% of them on solvency, 19% on liquidity, 1% on profitability and 2% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · Negative equity -€147,174
NBB · annual accounts
raises risk · Liquidity: current ratio 0.71, cash €7,896, halved
NBB · annual accounts
raises risk · Loss of €1.1m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Size: 18.3 FTE, total assets €4.2m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€147,174
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
1 day early
2024
3 days early
2023
3 days early
2022
3 days early
2021
3 days late
2020
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 6 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€147,174 View
  • Caution: Lower net result than 95% of companies in wholesale tradesector median €110,982 · 6,106 companies -€1.1m View
  • Result fell in 2025merger with MB WANSART ▼ 4,725% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.1m View

Recent changes

  1. · Gazette deed Merger: MERTES ENERGIE takes over Chauffage Wansart
  2. · Gazette deed Merger: MERTES ENERGIE takes over MB WANSART
  3. · Gazette deed Merger proposal: MERTES ENERGIE takes over M.B. WANSART
All 20 events

Comparable companies

These companies have the same main activity as MERTES ENERGIE: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €2.6m and €4.7m, founded between 2008 and 2015.

CompanyTotal assetsGross margin
MERTES ENERGIE Bütgenbach€4.2m€0.6m
MAQUINAY SOLUTIONS Seraing€4.7m€0.8m
TOOLS & FIXINGS Hasselt€3.4m€1.0m
MATERIAUX DE LA GAUME Arlon€2.6m€1.1m
WALMAT BEAURAING Chimay€4.1m€0.8m
BENT Eeklo€2.6m€0.7m
HEVADEX Lokeren€2.9m€1.2m
Full comparison

Key facts about MERTES ENERGIE

What is the company number of MERTES ENERGIE?
The company number of MERTES ENERGIE is 0844.745.482. The VAT number is the same number with BE in front: BE 0844.745.482.
Where is MERTES ENERGIE based?
The registered office is at Malmedyer Strasse 55, 4750 Bütgenbach.Company details
What does MERTES ENERGIE do?
According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
What is the legal form of MERTES ENERGIE?
The legal form of MERTES ENERGIE is Private limited company (BV).
When was MERTES ENERGIE founded?
MERTES ENERGIE was founded on 20-03-2012.
Is MERTES ENERGIE still active?
Yes, MERTES ENERGIE is an active enterprise in the KBO register.
How many employees does MERTES ENERGIE have?
MERTES ENERGIE had an average of 18.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MERTES ENERGIE?
The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €581,589 and 138 comparable companies (NACE 46). It probably lies between €1.9m and €5.0m.
Is MERTES ENERGIE profitable?
In financial year 2025, MERTES ENERGIE made a loss of €1.1m.
Where can I find the annual accounts of MERTES ENERGIE?
MERTES ENERGIE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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