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The Merode

Active
Public limited companyfounded 2004active for 21 yearsPoelaertplein 6, 1000 Brussel, Belgium25 active companies are registered at this addressKBO/BCE: BE 0870.366.647
Summary

The Merode has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,581 and a net result of €23,724, of which €3.7m non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
The MerodeActiveChecked score 68/100
Risk analysis ReportCompare

Overview

Activity
Promotion and organisation of arts and performing arts events
NACE 90391Organisation of conventions and trade shows NACE 82300
Fastest staff growth in the Brussels-Capital Region, Creative and performing arts sector1 site
Size
€4.4mtotal assets 2025
Staff
17 FTE
Equity
€40,581
Profit
€23,724
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Largest shareholder
PROFIRST INTERNATIONAL · 27%
Holdings
1
2025 accounts filed 4 days late
Why 68raises riskLiquidity: current ratio 0.45, cash €11,303Equity €40,581 (0.9% of total assets)Size: 17 FTE, total assets €4.4mlowers riskSector: Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 36% of its sector peers (NACE 90, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 26+1
equity 0.9% of total assets
Liquidity 29-1
short-term debt 43.6% · cash 0.3%
Profitability 48-52
return on assets 0.5%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (227 companies, NACE 90, small)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 0.5%▼ -0.5 percentage points vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025lowest value 05-2025: 0.5%● unchanged vs 04-2025lowest value 06-2025: 0.5%● unchanged vs 05-2025lowest value 07-2025: 0.5%● unchanged vs 06-2025lowest value 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.2 percentage points vs 12-2025 02-2026: 1.1%▲ +0.3 percentage points vs 01-2026highest value 03-2026: 0.7%▼ -0.4 percentage points vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.8%▲ +0.1 percentage points vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.45, compared with 0.57 in 2024, below 1; short-term debt: 43.6% and cash: 0.3% of total assets), and 99.1% 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 90, small): better than 7% on solvency, 10% on liquidity, 30% on profitability and 96% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.45, cash €11,303
NBB · annual accounts
raises risk · Equity €40,581 (0.9% of total assets)
NBB · annual accounts
raises risk · Size: 17 FTE, total assets €4.4m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 298 sector peers (2025).
NBB · sector comparison
Position among 298 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
39 days early
2023
6 days early
2022
on the day
2021
28 days late
2020
13 days early
2019
193 days late
← 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 24 days after the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end27-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Bernard STAS (daily management delegate)Gazette deed
  2. Amendment of the articlesPower of attorney
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: Fastest staff growth in the Brussels-Capital Region, Creative and performing arts sectorin the Checked rankings No. 1 View
  • Result fell in 20252024 carried a one-off income of €3.9m ▼ 98.1% View
  • A director leftlatest change 31-07-2026 · 2 in office 1 left View

By topic

Financials

Financial year
2025
Total assets
€4.4m
Profit
€23,724
Solvency
0.9%
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
PROFIRST INTERNATIONAL · 27%
  • MAES Jean-PhilippeDirector
  • PANI BrunoManaging director
Go to Board & ownership

Network & group

Subsidiaries
1
Connected companies
7
Mergers and asset contributions
2

1 subsidiary

Go to Network & group

Timeline

Events
47
Since
2006
Next accounts
by 31-01-2027
  1. 23-12-2024Annual accounts filed
  2. 26-08-2024Resignation: Bernard Stas (director)
  3. 30-06-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Promotion and organisation of arts and performing arts…NACE 90391
Founded
03-12-2004
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
6
Financial year
From 1 January to 31 December
Annual meeting
First Wednesday of May at 17:00
Purpose
“La société a pour objet d'effectuer tant en Belgique qu'à l'étranger, pour compte propre…” (deed in French)
Go to Articles of association

Key facts about The Merode

What is the company number of The Merode?
0870.366.647. In Belgium the VAT number is the company number with BE in front: BE 0870.366.647.
Where is The Merode based?
The registered office is at Poelaertplein 6, 1000 Brussel.Company details
What does The Merode do?
According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
What is the legal form of The Merode?
Public limited company (NV).
When was The Merode founded?
On 03-12-2004.
Is The Merode still active?
Yes, The Merode is an active enterprise in the KBO register.
How many employees does The Merode have?
On average 17 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of The Merode?
€547,813 in financial year 2020, according to the filed annual accounts.
Is The Merode profitable?
In financial year 2025, The Merode made a profit of €23,724.
Where can I find the annual accounts of The Merode?
The Merode filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of The Merode due?
By 31-01-2027, for financial year 2026.Timeline

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