Mervielde

Active

Public limited companyfounded 198046 yrs activeMonumentstraat 13, 9940 Evergem, BelgiumKBO/BCE: BE 0421.064.033

Summary

Mervielde has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.8m and a net result of €2.5m. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 67% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch Report Compare

MervieldeActiveChecked score 91/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410NACE 60242

#1 employer in Evergem, Transport and storage sector2 sites

Size

€39.6mturnover 2025

Staff: 165.5 FTE
Equity: €9.8m
Profit: €2.5m

Financial health

91 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.2%

Structure

Parent: TRAMER · 100%

Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 45 d early1 of 17 deeds read

Why 91- Liquidity: current ratio 1.24, cash €1.2m- Sector Land transport and transport via pipelines (NACE 49)+ Founded in 1980+ Equity €9.8m (56.0% of total assets)Show the evidence

Checked score

Score 2025

91 / 100

Excellent

Probability in this band: under 0.55%

Better than 67% of its sector peers (NACE 49, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 81+1

equity 56.0% of total assets

Liquidity 38=

short-term debt 42.8% · cash 6.6%

Profitability 83-9

return on assets 14.1%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (273 companies)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -5.4% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -1.9% vs 03-2025lowest value 05-2025: 0.1%▲ +5.8% vs 04-2025 06-2025: 0.1%▼ -1.8% vs 05-2025 07-2025: 0.1%▲ +33.3% vs 06-2025 08-2025: 0.1%▲ +94.4% vs 07-2025 09-2025: 0.1%▼ -15.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.2% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.8% vs 03-2026 05-2026: 0.1%▲ +5.4% vs 04-2026 06-2026: 0.1%▲ +2.5% vs 05-2026 07-2026: 0.2%▲ +53.7% vs 06-2026highest value 08-2026: 0.2%● 0.0% vs 07-2026highest value 09-2026: 0.2%● 0.0% vs 08-2026highest value 10-2026: 0.2%● 0.0% vs 09-2026highest value

Founded in 1980 lowers the probability for this profile
Liquidity: current ratio 1.24, cash €1.2m raises the probability
Sector Land transport and transport via pipelines (NACE 49) raises the probability
Equity €9.8m (56.0% of total assets) lowers the probability

Credit up to €850,000 at 30 days acceptable

Liquidity tight (current ratio 1.24 against 1.17 in 2024; short-term debt: 42.8% and cash: 6.6% of total assets), and 44% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, medium-sized). Better than this share of them on solvency 83%, liquidity 53%, profitability 85%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Founded in 1980

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Liquidity: current ratio 1.24, cash €1.2m

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Equity €9.8m (56.0% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

45 d early

2024

20 d late

2023

29 d late

2022

25 d late

2021

45 d early

2020

37 d early

2019

36 d early

← 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 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 20 August (5 of the last 5 filed years within 65 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

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

14-09-26 Appointment: Ernst en Young Bedrijfsrevisoren (director)Permanent representatives: Marleen Defoer and…
16-06-26 Annual accounts filedfiscal year 2025 · full…
20-08-25 Annual accounts filedfiscal year 2024 · full…

Key points

Positive: Employer in Evergem, Transport and storage sectorin the Checked rankings #1 View
Positive: 5 years of growth in a rowturnover 2025: €39.6m 5 years View
Controlled by TRAMERknown shareholders 100% 100% View
Caution: Result fell in 2025from €3.5m to €2.5m ▼ 28.9% View
Active since 1980founded 30-09-1980 46 years View
Flemish supportawarded 2022 - 2025 €184,736 View