Park Merlo
ActivePark Merlo has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €654k and a net result of €43k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 18.62 against 9.73 in 2024), and 5.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
94.4%
Return on assets
6.2%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
31 d late
2019
31 d late
2018
31 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€654k▲ 7.1%
2024 · €611k
2018: €470k
2019: €473k
2021: €480k
2022: €506k
2023: €570k
2024: €611k
2018 → 2025
Total assets
€693k▼ 2.1%
2024 · €707k
2018: €496k
2019: €509k
2021: €515k
2022: €579k
2023: €630k
2024: €707k
2018 → 2025
Net result
€43k▲ 5.4%
2024 · €41k
2018: €26k
2019: €4k
2021: €4k
2022: €26k
2023: €65k
2024: €41k
2018 → 2025
Working capital
€654k▲ 12.1%
2024 · €584k
2018: €355k
2019: €356k
2021: €401k
2022: €470k
2023: €518k
2024: €584k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€480k-€506k▲ 5.4%€570k▲ 12.8%€611k▲ 7.2%€654k▲ 7.1%
Operating result€7k-€36k▲ 419%€80k▲ 123%€50k▼ 37.4%€61k▲ 21.4%
Net result€4k-€26k▲ 581%€65k▲ 151%€41k▼ 36.6%€43k▲ 5.4%
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 recovers in 2025; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693k
Fixed assets
€1k▼ 97.9%
Current assets
€691k▲ 6.2%
Equity and liabilities €693k
Equity
€654k▲ 7.1%
Debt
€38k▼ 60.1%
The debt ratio falls from 13.6% to 5.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€61k▼
2024 · €66k
Cash flow
€44k▼
2024 · €57k
Solvency
94.4%▲
2024 · 86.4%
Current ratio
18.62▲
2024 · 9.73
Quick ratio
18.62▲
2024 · 9.73
Debt / equity
0.06▼
2024 · 0.16
ROE
6.6%▼
2024 · 6.7%
ROA
6.2%▲
2024 · 5.8%
Interest coverage
16.89▼
2024 · 22.42
Debt
€38k▼
2024 · €96k
Debt ≤ 1 year
€37k▼
2024 · €67k
Income taxes
€22k▲
2024 · €19k
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€707k€693k▼
Fixed assets21/28€57k€1k▼
Tangible fixed assets22/27€57k€1k▼
Land and buildings22€29k-
Plant, machinery and equipment23€26k-
Furniture and vehicles24€2k€1k▼
Current assets29/58€651k€691k▲
Amounts receivable within one year40/41€12k€5k▼
Trade receivables40€492€102▼
Other amounts receivable41€11k€5k▼
Current investments50/53€513k€579k▲
Cash at bank and in hand54/58€121k€107k▼
Deferred charges and accrued income490/1€5k€412▼
Equity and liabilities
Total equity and liabilities10/49€707k€693k▼
Equity10/15€611k€654k▲
Contributions10/11€357k€357k=
Capital10€357k€357k=
Issued capital100€357k€357k=
Reserves13€254k€297k▲
Non-distributable reserves130/1€36k€36k=
Legal reserve130€36k€36k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€203k€246k▲
Amounts payable17/49€96k€38k▼
Amounts payable within one year42/48€67k€37k▼
Trade debts44€55k€18k▼
Suppliers440/4€55k€18k▼
Taxes, remuneration and social security45€12k€20k▲
Taxes450/3€12k€20k▲
Other amounts payable47/48€256€120▼
Accrued charges and deferred income492/3€29k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€606▼
Other operating charges640/8€17k€4k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€83k€79k▼
Operating profit (loss)9901€50k€61k▲
Financial income75/76B€12k€7k▼
Recurring financial income75€12k€7k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€60k€65k▲
Income taxes67/77€19k€22k▲
Profit (loss) for the period9904€41k€43k▲
Profit (loss) for the period to be appropriated9905€41k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€43k▲
Transfer to equity691/2€41k€43k▲
To other reserves6921€41k€43k▲
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €65k ▲151%
Operating result €80k, net result €65k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €506k ▲5.4%
4 profitable years in a row build equity to €506k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼0%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 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, Brugge · 1 establishment unit since 1992
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.
Jagersstraat 158200 BruggeGround area
1,278 m²
Building footprint
185 m²
Volume, LiDAR
919 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PARK MERLO
since 19922.055.674.280
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0424/00A002 | Flanders | 1,117 m² | 1 · 185 m² | 8.2 m · 2 fl. |
| 35302C0402/00L003 | Flanders | 161 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
J-Club
BE 0456.800.714
De Panne · Eq €653k
Le Moulin de Jeannot
BE 0688.624.477
Wavre · Eq €662k
GEFORA
BE 0426.292.234
Anhée · Eq €664k
Bierwood Properties
BE 1010.616.769
Mont-Saint-Guibert · Eq €664k
GAUME D'OR
BE 0713.868.134
Arlon · Eq €671k
Of 2,996 companies in sector 55203 we hold annual accounts for 687. 389 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1991
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
55232
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.