MERULA
Annual accounts 2026
micro format, filed on 26-08-2026, 186 days before the deadline€117,554
▼ 60.3%
€117,158
▼ 57.2%
€87,841
▼ 57.7%
€117,749
▲ €133,962
93.0%
▲ 80.7 percentage points
14.24
▲ 13.32
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €200,000 and €450,000.
Balance sheet
balance sheet total €126,639 on 31-07-2026What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
126,639 | 243,442 | 266,650 | 253,919 | 194,490 | 439,289 | 303,195 | 169,937 | 80,946 | |
21/28 |
0 | 46,120 | 68,162 | 89,020 | 16,736 | 33,472 | 50,208 | 64,361 | - | |
22/27 |
0 | 46,120 | 68,162 | 89,020 | 16,736 | 33,472 | 50,208 | 64,361 | - | |
24 |
0 | 46,120 | 68,162 | 89,020 | 16,736 | 33,472 | 50,208 | 64,361 | - | |
29/58 |
126,639 | 197,322 | 198,488 | 164,899 | 177,754 | 405,817 | 252,987 | 105,576 | 80,946 | |
40/41 |
2,278 | 0 | 14,671 | 0 | 1,211 | 1,668 | 0 | 1,500 | 50,000 | |
40 |
1,778 | 0 | 1,568 | - | 0 | 168 | - | - | - | |
41 |
500 | 0 | 13,103 | 0 | 1,211 | 1,500 | 0 | 1,500 | 50,000 | |
54/58 |
124,361 | 196,542 | 183,037 | 153,173 | 174,804 | 402,487 | 251,995 | 103,504 | 30,946 | |
490/1 |
0 | 779 | 779 | 11,726 | 1,739 | 1,662 | 992 | 573 | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
126,639 | 243,442 | 266,650 | 253,919 | 194,490 | 439,289 | 303,195 | 169,937 | 80,946 | |
10/15 |
117,749 | 29,907 | 22,000 | 59,523 | 50,630 | 433,456 | 294,293 | 162,973 | 39,115 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 0 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 0 | 20,000 | 20,000 | |
11 |
- | - | - | - | - | - | 20,000 | - | - | |
1100/10 |
- | - | - | - | - | - | 20,000 | - | - | |
13 |
97,749 | 9,907 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
130/1 |
- | - | - | 0 | 2,000 | 2,000 | 2,000 | - | - | |
130 |
- | - | - | - | - | - | 0 | 2,000 | 2,000 | |
1311 |
- | - | - | 0 | 2,000 | 2,000 | - | - | - | |
1319 |
- | - | - | - | - | - | 2,000 | - | - | |
133 |
97,749 | 9,907 | 2,000 | 2,000 | - | - | - | - | - | |
14 |
0 | 0 | 0 | 37,523 | 28,630 | 411,456 | 272,293 | 140,973 | 17,115 | |
17/49 |
8,890 | 213,535 | 244,650 | 194,396 | 143,860 | 5,834 | 8,902 | 6,965 | 41,830 | |
42/48 |
8,890 | 213,535 | 242,650 | 194,396 | 143,860 | 5,834 | 8,902 | 6,965 | 41,830 | |
44 |
3,335 | 1,452 | 1,473 | 1,452 | 5,470 | 0 | 1,238 | 1,391 | 710 | |
440/4 |
3,335 | 1,452 | 1,473 | 1,452 | 5,470 | 0 | 1,238 | 1,391 | 710 | |
45 |
4,155 | 29,017 | 39,992 | 35,160 | 27,831 | 5,774 | 7,604 | 5,514 | 11,120 | |
450/3 |
4,155 | 29,017 | 39,992 | 35,160 | 27,831 | 5,774 | 7,604 | 5,514 | 11,120 | |
47/48 |
1,400 | 183,065 | 201,185 | 157,784 | 110,560 | 60 | 60 | 60 | 30,000 | |
492/3 |
- | 0 | 2,000 | - | - | - | - | - | - | |
| Income statement | ||||||||||
76A |
- | - | 0 | 30,531 | - | - | - | - | - | |
9900 |
117,554 | 296,438 | 268,085 | 269,357 | 213,435 | 200,484 | 195,947 | 189,034 | 55,713 | |
630 |
0 | 22,042 | 21,901 | 20,717 | 16,736 | 16,736 | 16,736 | 16,090 | - | |
640/8 |
396 | 625 | 384 | 789 | 1,708 | 735 | 1,027 | 5,114 | 348 | |
9901 |
117,158 | 273,771 | 245,799 | 247,852 | 194,991 | 183,012 | 178,184 | 167,829 | 55,365 | |
75/76B |
- | - | 0 | 1 | - | - | - | - | - | |
75 |
- | - | 0 | 1 | - | - | - | - | - | |
65/66B |
162 | 141 | 246 | 128 | 126 | 293 | 115 | 86 | 250 | |
65 |
162 | 141 | 246 | 128 | 126 | 293 | 115 | 86 | 250 | |
9903 |
116,996 | 273,630 | 245,553 | 247,724 | 194,866 | 182,720 | 178,069 | 167,743 | 55,115 | |
67/77 |
29,155 | 65,723 | 57,068 | 53,831 | 47,692 | 43,557 | 46,748 | 43,886 | 6,000 | |
9904 |
87,841 | 207,907 | 188,485 | 193,893 | 147,174 | 139,162 | 131,321 | 123,857 | 49,115 | |
9905 |
87,841 | 207,907 | 188,485 | 193,893 | 147,174 | 139,162 | 131,321 | 123,857 | 49,115 | |
| Appropriation of the result | ||||||||||
9906 |
87,841 | 207,907 | 226,008 | 222,523 | 558,630 | 411,456 | 272,293 | 140,973 | 49,115 | |
14P |
- | 0 | 37,523 | 28,630 | 411,456 | - | - | - | - | |
691/2 |
87,841 | 7,907 | - | - | - | - | - | - | 2,000 | |
6920 |
- | - | - | - | - | - | - | - | 2,000 | |
6921 |
87,841 | 7,907 | - | - | - | - | - | - | - | |
694/7 |
0 | 200,000 | 226,008 | 185,000 | 530,000 | - | - | - | 30,000 | |
694 |
0 | 200,000 | 226,008 | 185,000 | 530,000 | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | 30,000 | |
| Social balance sheet | ||||||||||
9087 |
- | - | 0 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2026 | micro format | 26-08-2026 | 2026-00429191 | |
| 31-07-2025 | micro format | 17-12-2025 | 2025-00583920 | |
| 31-07-2024 | abbreviated format | 11-03-2025 | 2025-00047012 | |
| 31-07-2023 | micro format | 22-01-2024 | 2024-00004488 | |
| 31-07-2022 | micro format | 31-01-2023 | 2023-00014168 | |
| 31-07-2021 | micro format | 28-01-2022 | 2022-02700126 | |
| 31-07-2020 | micro format | 01-02-2021 | 2021-03800182 | |
| 31-07-2019 | micro format | 22-01-2020 | 2020-01800502 | |
| 31-07-2018 | micro format | 17-03-2019 | 2019-07200570 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| 117,158 | 295,813 | 267,700 | 268,569 | 211,727 | 199,748 | 194,920 | 183,920 | - | ||
| 87,841 | 229,949 | 210,386 | 214,610 | 163,910 | 155,898 | 148,057 | 139,947 | - | ||
| -46,120 | 0 | 1,043 | 108,470 | 0 | 0 | 2,583 | 80,451 | - | ||
| -72,181 | 13,505 | 29,864 | -21,631 | -227,684 | 150,493 | 148,491 | 72,558 | - | ||
| 117,749 | -16,213 | -44,162 | -29,497 | 33,894 | 399,984 | 244,085 | 98,612 | 39,115 | ||
| 93.0% | 12.3% | 8.3% | 23.4% | 26.0% | 98.7% | 97.1% | 95.9% | 48.3% | ||
| 14.24 | 0.92 | 0.82 | 0.85 | 1.24 | 69.56 | 28.42 | 15.16 | 1.94 | ||
| 0.08 | 7.14 | 11.12 | 3.27 | 2.84 | 0.01 | 0.03 | 0.04 | 1.07 | ||
| 74.6% | 695.2% | 856.8% | 325.7% | 290.7% | 32.1% | 44.6% | 76.0% | 125.6% | ||
| 69.4% | 85.4% | 70.7% | 76.4% | 75.7% | 31.7% | 43.3% | 72.9% | 60.7% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-07-2026 | 31-07-2025 | 31-07-2024 | 31-07-2023 | 31-07-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,043 | €108,470 | - |
| €0 | €22,042 | €21,901 | €20,717 | €16,736 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on MERULA
The operating result for 2026 is 57% lower than in 2025 and the lowest since 2018.
Debt's share of the balance-sheet total falls from 87.7% to 7.0%. Equity is higher and debt is lower.