MERYTHERM

Active

Public limited companyfounded 1995active for 31 yearsAllée des Artisans 26, 4130 Esneux, BelgiumKBO/BCE: BE 0455.892.179

From the official registers: KBO 30 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MERYTHERM has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €963,513 and a net result of €3,930. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 71% of 350 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

MERYTHERMActiveChecked score 94/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 08-09-1995 Normal situation
Legal form: Public limited company
Registered office: Allée des Artisans 26, 4130 Esneux
Activity: Production of electricity from non-renewable sources NACE 35110
Establishment unit: 2.073.115.870 4130 Esneux, since 21-09-1995
Financial year end: 31 December
Peppol: Reachable since 24-10-2025

Company details

Who decides

Board

LA COMPAGNIE DU POIRIERDirector · since 20-11-2023 · permanent representative Tania Duchesne
N2D2Director · since 20-11-2023

Shareholders

N2D2100%annual accounts 30-06-2025

Holdings: Shares in 1 company EQUAPRO

Board & ownership

How it is doing

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Gross margin: €101,618; ▲ 16.6%
Turnover: ≈ €260,000; estimated
Profit: €3,930; ▼ 92.7%
Equity: €963,513; ▼ 0.7%
Total assets: €1.8m; ▼ 5.9%

2025 accounts 14 days early

Filed on 17-07-2026at the National Bank

Financials

Why 94raises riskLiquidity: current ratio 1.33, cash €11,778, halvedlowers riskSize: total assets €1.8mFounded in 1995Figures for financial year 2025 (filed 17-07-2026)Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 50% of its sector peers (NACE 35, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 79+3

equity 53.9% of total assets

Liquidity 51-1

short-term debt 8.9% · cash 0.7%

Profitability 54-1

return on assets 0.2%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (543 companies, NACE 35, micro)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.3%▼ -0.1 percentage points vs 05-2025 07-2025: 0.5%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.4 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €90,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.33, compared with 1.95 in 2024, below the usual 1.5; short-term debt: 8.9% and cash: 0.7% of total assets), and 46.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro): better than 61% on solvency, 43% on liquidity, 47% on profitability and 49% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €1.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1995

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 1.33, cash €11,778, halved

NBB · annual accounts

Figures for financial year 2025 (filed 17-07-2026)

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 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

15 days early

2023

27 days early

2022

57 days late

2021

30 days late

2020

24 days early

2019

44 days 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 5 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 filed years within 44 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Result fell in 2025from €53,957 to €3,930 ▼ 92.7% View

Documents

Key facts about MERYTHERM

What is the company number of MERYTHERM?: 0455.892.179. In Belgium the VAT number is the company number with BE in front: BE 0455.892.179.
Where is MERYTHERM based?: The registered office is at Allée des Artisans 26, 4130 Esneux.Company details
What does MERYTHERM do?: According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
What is the legal form of MERYTHERM?: Public limited company (NV).
When was MERYTHERM founded?: On 08-09-1995.
Is MERYTHERM still active?: Yes, MERYTHERM is an active enterprise in the KBO register.
What is the turnover of MERYTHERM?: ≈ €260,000 in financial year 2025. Estimated from the gross margin of €101,618: probably between €160,000 and €480,000, based on 1,644 comparable companies of the same size. A rough estimate.Financials
Is MERYTHERM profitable?: In financial year 2025, MERYTHERM made a profit of €3,930.
Where can I find the annual accounts of MERYTHERM?: MERYTHERM filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MERYTHERM due?: By 31-07-2027, for financial year 2026.Timeline