MERWO
ActiveMERWO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▼-75
Solvency84▲+25
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.08 in 2024; short-term debt: 41% and cash: 16.6% of total assets), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
59%
Return on assets
-13.8%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
56 d late
2023
421 d late
2022
787 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 19.0%
2024 · €14k
2022: €5k
2023: €1k
2024: €14k
2022 → 2025
Total assets
€20k▼ 53.7%
2024 · €43k
2022: €9k
2023: €24k
2024: €43k
2022 → 2025
Net result
€-3k
2024 · €13k
2022: €4k
2023: €-4k
2024: €13k
2022 → 2025
Working capital
€2k▼ 33.6%
2024 · €2k
2022: €5k
2023: €-13k
2024: €2k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€1k▼ 78.3%€14k▲ 1,124%€12k▼ 19.0%
Operating result€7k-€13k▲ 93.2%€21k▲ 67.5%€543▼ 97.4%
Net result€4k-€-4k€13k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€10k▼ 16.1%
Current assets
€10k▼ 68.4%
Equity and liabilities €20k
Equity
€12k▼ 19.0%
Debt
€8k▼ 71.3%
The debt ratio falls from 66.3% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €24k
Cash flow
€947▼
2024 · €16k
Solvency
59.0%▲
2024 · 33.7%
Current ratio
1.19▲
2024 · 1.08
Quick ratio
1.19▲
2024 · 1.08
Debt / equity
0.70▼
2024 · 1.97
ROE
-23.4%▼
2024 · 91.8%
ROA
-13.8%▼
2024 · 31.0%
Interest coverage
2.77▼
2024 · 8.56
Debt
€8k▼
2024 · €28k
Debt ≤ 1 year
€8k▼
2024 · €28k
Income taxes
€2k▼
2024 · €5k
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€43k€20k▼
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€12k€10k▼
Plant, machinery and equipment23€774€2k▲
Furniture and vehicles24€11k€8k▼
Current assets29/58€31k€10k▼
Amounts receivable within one year40/41€27k€6k▼
Other amounts receivable41€27k€6k▼
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€43k€20k▼
Equity10/15€14k€12k▼
Contributions10/11€1k€1k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14-€-3k
Amounts payable17/49€28k€8k▼
Amounts payable within one year42/48€28k€8k▼
Trade debts44€380€3k▲
Suppliers440/4€380€3k▲
Taxes, remuneration and social security45€28k€6k▼
Taxes450/3€28k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€290€2k▲
Gross operating margin9900€24k€6k▼
Operating profit (loss)9901€21k€543▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€18k€-989▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€13k€-3k▼
Profit (loss) for the period to be appropriated9905€13k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-3k▼
Transfer to equity691/2€13k-
To other reserves6921€13k-
The notes to these accounts (5 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 421 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 787 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.08
Current ratio from 0.43 to 1.08.
2023
31-12
Financial
Weakest financial yearnet €-4k ▼196%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
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, Edegem · 1 establishment unit since 2022
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.
Florent Geversstraat 372650 EdegemGround area
204 m²
Building footprint
79 m²
Volume, LiDAR
624 m³
Parcel 11472B0098/00L004, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MERWO
since 20222.328.274.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0098/00L004 | Flanders | 204 m² | 1 · 79 m² | 11.7 m · 3 fl. |
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
Legal Entity Identifier
894500H3A1VMWD2J6174
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 3,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2021
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ndraulans@hotmail.com
Phone:0487118564