Mertim International
ActiveSummary
Mertim International has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €278k and a net result of €52k. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-6
Solvency56▼-7
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.53 in 2023; short-term debt: 62.3% and cash: 2.1% of total assets), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
14 d late
2022
28 d early
2021
127 d late
2020
241 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.72M▲ 27.4%
2021 · €1.35M
2020: €269k
2021: €1.35M
2020 → 2022
EBIT margin
7.5%▲ 0.4pp
2021 · 7.1%
2020: -2.4%
2021: 7.1%
2020 → 2022
Net result
€52k▼ 16.6%
2023 · €62k
2020: €-7k
2021: €61k
2022: €92k
2023: €62k
2020 → 2024
Working capital
€261k▲ 41.9%
2023 · €184k
2020: €-3k
2021: €57k
2022: €114k
2023: €184k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€269k-€1.35M▲ 402%€1.72M▲ 27.4%
Equity€13k-€74k▲ 474%€165k▲ 124%€227k▲ 37.4%€278k▲ 22.7%
Operating result€-7k-€96k€129k▲ 34.2%€116k▼ 9.5%€93k▼ 20.4%
Net result€-7k-€61k€92k▲ 50.7%€62k▼ 32.5%€52k▼ 16.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €887k
Fixed assets
€73k ▲ 18.9%
Current assets
€814k ▲ 52.2%
Equity and liabilities €887k
Equity
€278k ▲ 22.7%
Debt
€609k ▲ 64.8%
Debt's share of the balance-sheet total rises from 61.9% to 68.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113k▼
2023 · €135k
Cash flow
€72k▼
2023 · €81k
Current ratio
1.47▼
2023 · 1.53
Quick ratio
0.66▼
2023 · 1.02
Debt to equity
2.19▲
2023 · 1.63
ROE
18.5%▼
2023 · 27.2%
ROA
5.8%▼
2023 · 10.4%
Interest coverage
5.69▲
2023 · 5.67
Debt ≤ 1 year
€553k▲
2023 · €351k
Debt > 1 year
€56k▲
2023 · €19k
Income taxes
€19k▼
2023 · €25k
Staff costs
€152k▲
2023 · €142k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€596k€887k▲
Fixed assets21/28€61k€73k▲
Tangible fixed assets22/27€61k€73k▲
Land and buildings22€14k€9k▼
Furniture and vehicles24€48k€64k▲
Current assets29/58€535k€814k▲
Stocks and contracts in progress3€178k€449k▲
Stocks30/36€178k€449k▲
Amounts receivable within one year40/41€340k€345k▲
Trade receivables40€340k€272k▼
Other amounts receivable41-€73k
Cash at bank and in hand54/58€16k€19k▲
Deferred charges and accrued income490/1€830€2k▲
Equity and liabilities
Total equity and liabilities10/49€596k€887k▲
Equity10/15€227k€278k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€200k€258k▲
Distributable reserves133€200k€258k▲
Profit (loss) carried forward14€7k€393▼
Amounts payable17/49€369k€609k▲
Amounts payable after more than one year17€19k€56k▲
Financial debts170/4€19k€56k▲
Amounts payable within one year42/48€351k€553k▲
Financial debts43€59k€185k▲
Credit institutions430/8€59k€185k▲
Trade debts44€62k€86k▲
Suppliers440/4€62k€86k▲
Advances received on contracts in progress46€123k€206k▲
Taxes, remuneration and social security45€106k€69k▼
Taxes450/3€94k€34k▼
Remuneration and social security454/9€13k€35k▲
Other amounts payable47/48€139€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€142k€152k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€279k€268k▼
Operating profit (loss)9901€116k€93k▼
Financial income75/76B€84€340▲
Recurring financial income75€84€340▲
Financial charges65/66B€30k€22k▼
Recurring financial charges65€24k€20k▼
Non-recurring financial charges66B€6k€2k▼
Profit (loss) for the period before taxes9903€87k€71k▼
Income taxes67/77€25k€19k▼
Profit (loss) for the period9904€62k€52k▼
Profit (loss) for the period to be appropriated9905€62k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€58k▼
Profit (loss) brought forward from the previous period14P€45k€7k▼
Transfer to equity691/2€100k€58k▼
To other reserves6921€100k€58k▼
Social balance
Average headcount (FTE)90874.04.0=
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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Equity above €200kEq €227k ▲37.4%
3 profitable years in a row build equity to €227k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €92k ▲50.7%
Operating result €129k, net result €92k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲124%
2 profitable years in a row build equity to €165k.
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 127 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 241 days late
2021
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
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, Antwerpen · 1 establishment unit since 2020
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.
Pierre Van den Eedenstraat 712660 AntwerpenGround area
4,029 m²
Building footprint
2,637 m²
Volume, LiDAR
13,603 m³
Parcel 11382A0334/00Z006, Flanders · tallest building 24.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mertim International
since 20202.304.122.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0334/00Z006 | Flanders | 4,029 m² | 1 · 2,637 m² | 24.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.304.122.261
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 699 companies in sector 46392 we hold annual accounts for 486. 347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:marcus@anfisk.com
Phone:0474403760