MERVEKO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.73M and a net result of €387k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 5498 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 9 filingsDeviation from the deadline
2025
6 d late
2024
20 d late
2023
29 d late
2022
25 d late
2021
29 d late
2020
37 d early
2019
18 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.73M▲ 8.9%
2024 · €4.35M
2018: €2.69M
2019: €2.85M
2020: €3.10M
2021: €3.45M
2022: €3.72M
2023: €3.97M
2024: €4.35M
2018 → 2025
Net result
€387k▲ 3.6%
2024 · €373k
2018: €156k
2019: €154k
2020: €247k
2021: €356k
2022: €268k
2023: €1.18M
2024: €373k
2018 → 2025
Total assets
€5.70M▲ 0.9%
2024 · €5.65M
2018: €2.70M
2019: €3.34M
2020: €5.43M
2021: €5.62M
2022: €5.71M
2023: €5.45M
2024: €5.65M
2018 → 2025
Solvency
83.0%▲ 6.1pp
2024 · 76.9%
2018: 99.7%
2019: 85.4%
2020: 57.0%
2021: 61.4%
2022: 65.2%
2023: 72.9%
2024: 76.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.45M-€3.72M▲ 7.8%€3.97M▲ 6.8%€4.35M▲ 9.4%€4.73M▲ 8.9%
Operating result€97k-€109k▲ 12.9%€120k▲ 9.7%€133k▲ 11.2%€144k▲ 8.0%
Net result€356k-€268k▼ 24.6%€1.18M▲ 341%€373k▼ 68.4%€387k▲ 3.6%
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 risen four years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.70M
Fixed assets
€5.17M=
Current assets
€538k▲ 10.3%
Equity and liabilities €5.70M
Equity
€4.73M▲ 8.9%
Debt
€971k▼ 25.7%
The debt ratio falls from 23.1% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
83.0%▲
2024 · 76.9%
ROE
8.2%▼
2024 · 8.6%
ROA
6.8%▲
2024 · 6.6%
Debt
€971k▼
2024 · €1.31M
Debt ≤ 1 year
€200k▼
2024 · €351k
Debt > 1 year
€735k▼
2024 · €915k
Income taxes
€26k▲
2024 · €22k
Staff costs
€11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.65M€5.70M▲
Fixed assets21/28€5.17M€5.17M=
Financial fixed assets28€5.17M€5.17M=
Current assets29/58€488k€538k▲
Amounts receivable within one year40/41€30k€24k▼
Trade receivables40€23k€24k▲
Other amounts receivable41€7k€0▼
Current investments50/53-€400k
Cash at bank and in hand54/58€458k€113k▼
Equity and liabilities
Total equity and liabilities10/49€5.65M€5.70M▲
Equity10/15€4.35M€4.73M▲
Contributions10/11€1.81M€1.81M=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€2.51M€2.90M▲
Amounts payable17/49€1.31M€971k▼
Amounts payable after more than one year17€915k€735k▼
Other amounts payable178/9€915k€735k▼
Amounts payable within one year42/48€351k€200k▼
Current portion of amounts payable after more than one year42€180k€180k=
Trade debts44-€125
Suppliers440/4-€125
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€21k€20k▼
Other amounts payable47/48€150k€0▼
Accrued charges and deferred income492/3€42k€35k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€11k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€134k€156k▲
Operating profit (loss)9901€133k€144k▲
Financial income75/76B€308k€308k▲
Recurring financial income75€308k€308k▲
Financial charges65/66B€46k€39k▼
Recurring financial charges65€46k€39k▼
Profit (loss) for the period before taxes9903€395k€413k▲
Income taxes67/77€22k€26k▲
Profit (loss) for the period9904€373k€387k▲
Profit (loss) for the period to be appropriated9905€373k€387k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.51M€2.90M▲
Profit (loss) brought forward from the previous period14P€2.14M€2.51M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €1.18M ▲341%
Net result €1.18M, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €154k ▼1.1%
Net result drops to €154k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Evergem · 1 establishment unit since 2016
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.
Koekoekstraat 229940 EvergemGround area
786 m²
Building footprint
168 m²
Parcel 43006C0390/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
MERVEKO
since 20162.260.179.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006C0390/00F000 | Flanders | 786 m² | 1 · 168 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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 8,310 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.