MERVANCO
ActiveSummary
MERVANCO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 52% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+16
Solvency78▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.23 in 2024; short-term debt: 28.6% and cash: 25.3% of total assets), and 47% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
61 d late
2023
27 d late
2022
28 d early
2021
48 d early
2020
38 d early
2019
13 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€107k▲ 5.0%
2024 · €102k
2018: €78k
2019: €77k
2020: €119k
2021: €123k
2022: €118k
2023: €112k
2024: €102k
2018 → 2025
Total assets
€202k▲ 0.7%
2024 · €201k
2018: €116k
2019: €105k
2020: €135k
2021: €291k
2022: €270k
2023: €242k
2024: €201k
2018 → 2025
Net result
€5k
2024 · €-10k
2018: €15k
2019: €-1k
2020: €42k
2021: €4k
2022: €-4k
2023: €-6k
2024: €-10k
2018 → 2025
Working capital
€47k▼ 8.8%
2024 · €51k
2018: €65k
2019: €59k
2020: €105k
2021: €90k
2022: €75k
2023: €68k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€118k▼ 3.5%€112k▼ 5.0%€102k▼ 9.2%€107k▲ 5.0%
Operating result€-3k-€-5k▼ 47.1%€-8k▼ 61.9%€-9k▼ 11.0%€7k
Net result€4k-€-4k€-6k▼ 35.7%€-10k▼ 75.2%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €9k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€98k ▼ 9.3%
Current assets
€104k ▲ 12.5%
Equity and liabilities €202k
Equity
€107k ▲ 5.0%
Debt
€95k ▼ 3.7%
Debt's share of the balance-sheet total falls from 49.1% to 47.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €8k
Cash flow
€23k▲
2024 · €7k
Current ratio
1.81▼
2024 · 2.23
Quick ratio
1.32▼
2024 · 1.39
Debt to equity
0.89▼
2024 · 0.96
ROE
4.8%▲
2024 · -10.1%
ROA
2.5%▲
2024 · -5.1%
Interest coverage
18.10▲
2024 · 5.19
Debt ≤ 1 year
€58k▲
2024 · €42k
Debt > 1 year
€37k▼
2024 · €57k
Income taxes
€482
Staff costs
€13k▲
2024 · €11k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€202k▲
Fixed assets21/28€108k€98k▼
Tangible fixed assets22/27€108k€98k▼
Land and buildings22€4k€4k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€3k€9k▲
Leasing and similar rights25€93k€79k▼
Current assets29/58€93k€104k▲
Stocks and contracts in progress3€35k€28k▼
Contracts in progress37€35k€28k▼
Amounts receivable within one year40/41€13k€13k▲
Trade receivables40€12k€12k▼
Other amounts receivable41€298€876▲
Cash at bank and in hand54/58€42k€51k▲
Deferred charges and accrued income490/1€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€201k€202k▲
Equity10/15€102k€107k▲
Contributions10/11€19k€19k=
Reserves13€77k€82k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€75k€80k▲
Profit (loss) carried forward14€7k€7k=
Amounts payable17/49€99k€95k▼
Amounts payable after more than one year17€57k€37k▼
Financial debts170/4€57k€37k▼
Amounts payable within one year42/48€42k€58k▲
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€17k€23k▲
Suppliers440/4€17k€23k▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€1k€7k▲
Other amounts payable47/48€134-
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€11k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€124
Gross operating margin9900€24k€41k▲
Operating profit (loss)9901€-9k€7k▲
Financial income75/76B€379€182▼
Recurring financial income75€379€182▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-10k€6k▲
Income taxes67/77-€482
Profit (loss) for the period9904€-10k€5k▲
Profit (loss) for the period to be appropriated9905€-10k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€12k▲
Profit (loss) brought forward from the previous period14P€2k€7k▲
Transfer from equity791/2€15k-
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (6 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.49
Current ratio from 3.24 to 7.49; short-term debt falls from €26k to €16k.
31-12
Financial
Equity above €100kEq €119k ▲55.3%
Equity rises from €77k to €119k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
Show earlier events
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Halen · 1 establishment unit since 1987
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.
Staatsbaan 583545 HalenGround area
147 m²
Parcel 71020A0091/00D005, Flanders. Linked by address, not a title deed.
1 establishment unit
MERVANCO
since 19872.030.587.310
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020A0091/00D005 | Flanders | 147 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHalen2.030.587.310
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Of 4,571 companies in sector 82300 we hold annual accounts for 1,671. 1,312 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
Founded11-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.