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Park Merlo

Active
Public limited companyfounded 1991active for 34 yearsJagersstraat 15, 8200 Brugge, BelgiumKBO/BCE: BE 0446.110.522
Summary

Park Merlo has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €654,148 and a net result of €43,117. Equity has been growing by about 5.4% per year since 2018. Its solvency ranks better than 95% of 886 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 20-12-1991 Normal situation
Activity
Holiday cottages, homes and apartments NACE 55203
Establishment unit
2.055.674.280 8200 Brugge, since 15-07-1992
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
and 1 other

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€78,714
▼ 5.1%
Turnover
≈ €220,000
estimated
Profit
€43,117
▲ 5.4%
Equity
€654,148
▲ 7.1%
Total assets
€692,629
▼ 2.1%
  • 2025 accounts filed 27 days after the deadline
Filed on 27-08-2026
Score breakdownlowers riskFounded in 1991Liquidity: current ratio 18.62, cash €106,506Equity €654,148 (94.4% of total assets)Size: total assets €692,629Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of micro companies in accommodation (NACE 55)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 94.4% of total assets
Liquidity 69-2
short-term debt 5.4% · cash 15.4%
Profitability 77+1
return on assets 6.2%
Bankruptcy probability within 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 0.6% (2,521 companies, NACE 55, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.2 percentage points 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%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 18.62 (9.73 in 2024), above the usual 1.5. Short-term debt is 5.4% and cash 15.4% of total assets. 5.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 55, micro). It does better than 93% of them on solvency, 84% on liquidity, 74% on profitability and 62% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 18.62, cash €106,506
NBB · annual accounts
lowers risk · Equity €654,148 (94.4% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €692,629
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
30 days late
2023
30 days late
2022
31 days late
2021
31 days late
2019
31 days late
2018
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in accommodationsector median 26.4% · 886 companies 94.4% View
  • Positive: 7 profitable years in a rowprofit 2025: €43,117 7 years View

Recent changes

  1. · Gazette deed Resignations: Metsu Frank, Metsu Peter and 2 othersAppointments: Metsu Frank, Metsu Peter and 2 others · Permanent representative: Metsu Frank
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as Park Merlo: holiday cottages, homes and apartments (NACE 55203). They are comparable in size and age: total assets between €571,000 and €751,000, founded between 1986 and 2001.

CompanyTotal assetsGross margin
Park Merlo Brugge€692,629€78,714
WALLEBOOM Lo-Reninge€661,593€65,627
Gite La Commanderie des Ardennes Antwerpen€615,137€75,864
IGEFA Malmedy€751,078€93,952
TORENHUIS Veurne€700,850€72,100
BUREAU D & W Oostkamp€571,456€92,100
FESTINA LENTE A MALVOISIN Wielsbeke€751,351€66,617
Full comparison

Key facts about Park Merlo

What is the company number of Park Merlo?
The company number of Park Merlo is 0446.110.522. The VAT number is the same number with BE in front: BE 0446.110.522.
Where is Park Merlo based?
The registered office is at Jagersstraat 15, 8200 Brugge.Company details
What does Park Merlo do?
According to the KBO register, the main activity is holiday cottages, homes and apartments (NACE 55203).
What is the legal form of Park Merlo?
The legal form of Park Merlo is Public limited company (NV).
When was Park Merlo founded?
Park Merlo was founded on 20-12-1991.
Is Park Merlo still active?
Yes, Park Merlo is an active enterprise in the KBO register.
What is the turnover of Park Merlo?
The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €78,714 and 1,290 comparable companies of the same size. It probably lies between €130,000 and €420,000. It is a rough estimate.Financials
Is Park Merlo profitable?
In financial year 2025, Park Merlo made a profit of €43,117.
Where can I find the annual accounts of Park Merlo?
Park Merlo filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Park Merlo due?
Park Merlo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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