MERYTHERM
ActiveMERYTHERM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €964k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 72% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-1
Solvency79▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.95 in 2024; short-term debt: 8.9% and cash: 0.7% of total assets), and 46.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
53.9%
Return on assets
0.2%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
27 d early
2022
57 d late
2021
30 d late
2020
24 d early
2019
44 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 92.7%
2024 · €54k
2018: €9k
2019: €25k
2020: €6k
2021: €108k
2022: €-3k
2023: €-21k
2024: €54k
2018 → 2025
Working capital
€52k▼ 62.0%
2024 · €137k
2018: €248k
2019: €269k
2020: €235k
2021: €438k
2022: €232k
2023: €114k
2024: €137k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€927k-€960k▲ 3.6%€928k▼ 3.4%€971k▲ 4.6%€964k▼ 0.7%
Operating result€130k-€-3k€-21k▼ 553%€6k€-604
Net result€108k-€-3k€-21k▼ 645%€54k€4k▼ 92.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €604 after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€1.58M▼ 2.5%
Current assets
€210k▼ 25.2%
Equity and liabilities €1.79M
Equity
€964k▼ 0.7%
Provisions
€162k▼ 16.8%
Debt
€661k▼ 9.9%
The debt ratio falls from 38.6% to 37.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€83k▼
2024 · €84k
Cash flow
€87k▼
2024 · €132k
Solvency
53.9%▲
2024 · 51.1%
Current ratio
1.33▼
2024 · 1.95
Quick ratio
1.33▼
2024 · 1.95
Debt / equity
0.69▼
2024 · 0.76
ROE
0.4%▼
2024 · 5.6%
ROA
0.2%▼
2024 · 2.8%
Interest coverage
4.22▲
2024 · 3.86
Debt
€661k▼
2024 · €733k
Debt ≤ 1 year
€158k▲
2024 · €144k
Debt > 1 year
€503k▼
2024 · €589k
Income taxes
€9▼
2024 · €68
Staff costs
€132
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€1.90M€1.79M▼
Fixed assets21/28€1.62M€1.58M▼
Tangible fixed assets22/27€1.17M€1.13M▼
Land and buildings22€35k€50k▲
Plant, machinery and equipment23€1.13M€1.08M▼
Furniture and vehicles24€0-
Financial fixed assets28€447k€447k=
Current assets29/58€281k€210k▼
Amounts receivable within one year40/41€101k€116k▲
Trade receivables40€23k€37k▲
Other amounts receivable41€78k€79k▲
Current investments50/53€144k€83k▼
Cash at bank and in hand54/58€36k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.79M▼
Equity10/15€971k€964k▼
Contributions10/11€174k€174k=
Capital10€174k€174k=
Issued capital100€174k€174k=
Reserves13€410k€381k▼
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Tax-exempt reserves132€395k€367k▼
Profit (loss) carried forward14€242k€274k▲
Investment grants15€145k€134k▼
Provisions and deferred taxes16€194k€162k▼
Provisions for liabilities and charges160/5€20k€0▼
Environmental obligations163€20k€0▼
Deferred taxes168€174k€162k▼
Amounts payable17/49€733k€661k▼
Amounts payable after more than one year17€589k€503k▼
Financial debts170/4€578k€492k▼
Other amounts payable178/9€10k€10k▼
Amounts payable within one year42/48€144k€158k▲
Current portion of amounts payable after more than one year42€84k€86k▲
Trade debts44€46k€43k▼
Suppliers440/4€46k€43k▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€13k€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€132
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€83k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-20k
Other operating charges640/8€3k€39k▲
Gross operating margin9900€87k€102k▲
Operating profit (loss)9901€6k€-604▼
Financial income75/76B€73k€12k▼
Recurring financial income75€73k€12k▼
Financial charges65/66B€22k€20k▼
Recurring financial charges65€22k€20k▼
Profit (loss) for the period before taxes9903€58k€-9k▼
Transfer from deferred taxes780€11k€13k▲
Transfer to deferred taxes680€15k€0▼
Income taxes67/77€68€9▼
Profit (loss) for the period9904€54k€4k▼
Transfer from tax-exempt reserves789€24k€28k▲
Transfer to tax-exempt reserves689€46k€0▼
Profit (loss) for the period to be appropriated9905€32k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€242k€274k▲
Profit (loss) brought forward from the previous period14P€209k€242k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €54k
Net result €54k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 57 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €108k ▲1704%
Operating result €130k, net result €108k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Esneux · 1 establishment unit since 1995
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.
Allée des Artisans 264130 EsneuxGround area
7,460 m²
Building footprint
644 m²
Volume, LiDAR
4,048 m³
Parcel 62101C0009/00E004, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Allée des Artisans sn, 4130 Esneux
since 19952.073.115.870
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101C0009/00E004 | Wallonia | 7,460 m² | 1 · 644 m² | 12.8 m · 2 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.
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Of 815 companies in sector 35110 we hold annual accounts for 631. 436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-09-1995
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 30 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.