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MERTY

Active
Private limited companyfounded 199828 yrs activeOnderstraat 21, 3730 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0463.327.428
Summary

MERTY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,288 and a net result of -€1,254. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-32
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
100%
Return on assets
-23.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filings
Deviation from the deadline
2025
28 d late
2024
19 d late
2023
30 d late
2022
31 d late
2021
3 d late
2020
6 d late
2019
6 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MERTY was incorporated on 8 May 1998.1 Total assets fell from EUR 8,162 in 2018 to EUR 5,288 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€5,288▼ 19.2%
2024 · €6,543
Total assets
€5,288▼ 24.2%
2024 · €6,978
Net result
-€1,254▼ 734%
2024 · -€150
Working capital
€6,543
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Operating result-€194-€158▲ 18.2%-€1,118▼ 606%-€150▲ 86.5%-€1,203▼ 700%
Net result-€227within the sector's middle half-€198within the sector's middle half▲ 13.0%-€1,196below the sector's middle half▼ 505%-€150within the sector's middle half▲ 87.4%-€1,254below the sector's middle half▼ 734%
Equity€8,087below the sector's middle half▼ 2.7%€7,889below the sector's middle half▼ 2.4%€6,693below the sector's middle half▼ 15.2%€6,543below the sector's middle half▼ 2.2%€5,288below the sector's middle half▼ 19.2%
Total assets€8,087below the sector's middle half▼ 2.7%€7,889below the sector's middle half▼ 2.4%€6,693below the sector's middle half▼ 15.2%€6,978below the sector's middle half▲ 4.3%€5,288below the sector's middle half▼ 24.2%
Debt€435
Working capital€6,543
Solvency100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=93.8%above the sector's middle half▼ 6.2pp100.0%above the sector's middle half▲ 6.2pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,500-€1,000-€500€0Operating result 2021: -€194-€194Net result 2021: -€227-€227Operating result 2022: -€158-€158Net result 2022: -€198-€198Operating result 2023: -€1,118-€1,118Net result 2023: -€1,196-€1,196Operating result 2024: -€150-€150Net result 2024: -€150-€150Operating result 2025: -€1,203-€1,203Net result 2025: -€1,254-€1,25420212022202320242025-€1,500-€1,000-€500€0Operating result 2023: -€1,118-€1,120Net result 2023: -€1,196-€1,200Operating result 2024: -€150-€150Net result 2024: -€150-€150Operating result 2025: -€1,203-€1,200Net result 2025: -€1,254-€1,250202320242025
The operating result stays negative: a loss of €1,203 in 2025 against €150 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
ROE
-23.7%▼
2024 · -2.3%
ROA
-23.7%▼
2024 · -2.2%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
14% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,827 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines
Balance sheet Code20242025
Assets
Total assets20/58€6,978€5,288▼
Current assets29/58€6,978€5,288▼
Amounts receivable within one year40/41€6,975€5,285▼
Other amounts receivable41€6,975€5,285▼
Cash at bank and in hand54/58€3€3▲
Equity and liabilities
Total equity and liabilities10/49€6,978€5,288▼
Equity10/15€6,543€5,288▼
Contributions10/11€20,451€20,451=
Profit (loss) carried forward14-€13,908-€15,163▼
Amounts payable17/49€435-
Amounts payable within one year42/48€435-
Trade debts44€435-
Suppliers440/4€435-
Income statement Code20242025
Non-recurring operating income76A€411€329▼
Other operating charges640/8€62€62=
Gross operating margin9900-€88-€1,141▼
Operating profit (loss)9901-€150-€1,203▼
Financial charges65/66B-€51
Recurring financial charges65-€51
Profit (loss) for the period before taxes9903-€150-€1,254▼
Profit (loss) for the period9904-€150-€1,254▼
Profit (loss) for the period to be appropriated9905-€150-€1,254▼
Appropriation of the result
Profit (loss) to be appropriated9906-€13,908-€15,163▼
Profit (loss) brought forward from the previous period14P-€13,758-€13,908▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€511€546€382€411€329▼ 19.9%
Other operating charges640/8€62€62€62€62€62=
Gross operating margin9900-€132-€96-€1,056-€88-€1,141▼ 1,191%
Operating profit (loss)9901-€194-€158-€1,118-€150-€1,203▼ 700%
Financial charges65/66B€33€39€78-€51-
Recurring financial charges65€33€39€78-€51-
Profit (loss) for the period before taxes9903-€227-€198-€1,196-€150-€1,254▼ 734%
Profit (loss) for the period9904-€227-€198-€1,196-€150-€1,254▼ 734%
Profit (loss) for the period to be appropriated9905-€227-€198-€1,196-€150-€1,254▼ 734%
Line20212022202320242025Change
Assets
Total assets20/58€8,087€7,889€6,693€6,978€5,288▼ 24.2%
Current assets29/58€8,087€7,889€6,693€6,978€5,288▼ 24.2%
Amounts receivable within one year40/41€8,070€7,882€6,689€6,975€5,285▼ 24.2%
Other amounts receivable41€8,070€7,882€6,689€6,975€5,285▼ 24.2%
Cash at bank and in hand54/58€17€7€4€3€3▲ 3.2%
Equity and liabilities
Total equity and liabilities10/49€8,087€7,889€6,693€6,978€5,288▼ 24.2%
Equity10/15€8,087€7,889€6,693€6,543€5,288▼ 19.2%
Contributions10/11€18,592€18,592€20,451€20,451€20,451=
Reserves13€1,859€1,859----
Non-distributable reserves130/1€1,859€1,859----
Reserves not available under the articles1311€1,859€1,859----
Profit (loss) carried forward14-€12,364-€12,562-€13,758-€13,908-€15,163▼ 9.0%
Amounts payable17/49---€435--
Amounts payable within one year42/48---€435--
Trade debts44---€435--
Suppliers440/4---€435--
Line20212022202320242025Change
Profit (loss) for the period9904-€227-€198-€1,196-€150-€1,254▼ 734%
Operating cash flow (approximation)-€227-€198-€1,196-€150-€1,254▼ 734%
Change in cash--€9-€4-€1€0▲ 113%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial Weakest financial yearnet -€1,254
Net result drops to -€1,254, the lowest in the series.
19-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
03-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
06-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
06-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Bilzen-Hoeselt · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
2,183 m²
Building footprint
516 m²
Volume, LiDAR
3,908 m³
Parcel 73099A0170/00S000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Onderstraat 21, 3730 Bilzen-Hoeselt
NACE 7412401
since 19982.086.817.220
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73099A0170/00S000 Flanders 2,182 m² 1 · 516 m² 10.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 11,218 companies in sector 82100 we hold annual accounts for 3,509. 1,376 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
Founded08-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0463327428
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

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