BORDES MERELBEKE
ActiveSummary
BORDES MERELBEKE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €127k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 39% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency53▲+17
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.98 in 2024; short-term debt: 72.1% and cash: 59.1% of total assets), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
27.9%
Return on assets
63.8%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
1 d early
2022
13 d early
2021
29 d late
2020
31 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▲ 84.5%
2024 · €30k
2018: €56k
2019: €69k
2020: €32k
2021: €44k
2022: €65k
2023: €80k
2024: €30k
2018 → 2025
Total assets
€199k▼ 27.8%
2024 · €275k
2018: €252k
2019: €192k
2020: €250k
2021: €195k
2022: €203k
2023: €185k
2024: €275k
2018 → 2025
Net result
€127k▼ 2.3%
2024 · €130k
2018: €109k
2019: €63k
2020: €64k
2021: €61k
2022: €99k
2023: €74k
2024: €130k
2018 → 2025
Working capital
€23k
2024 · €-5k
2018: €41k
2019: €59k
2020: €25k
2021: €39k
2022: €50k
2023: €60k
2024: €-5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€65k▲ 47.8%€80k▲ 22.8%€30k▼ 62.4%€56k▲ 84.5%
Operating result€66k-€108k▲ 62.7%€83k▼ 23.0%€140k▲ 69.1%€138k▼ 1.4%
Net result€61k-€99k▲ 63.2%€74k▼ 25.0%€130k▲ 75.2%€127k▼ 2.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€33k ▼ 7.5%
Current assets
€166k ▼ 30.8%
Equity and liabilities €199k
Equity
€56k ▲ 84.5%
Debt
€143k ▼ 41.6%
Debt's share of the balance-sheet total falls from 89.1% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147k▼
2024 · €148k
Cash flow
€136k▼
2024 · €137k
Current ratio
1.16▲
2024 · 0.98
Debt to equity
2.58▼
2024 · 8.15
ROE
228.5%▼
2024 · 431.5%
ROA
63.8%▲
2024 · 47.2%
Interest coverage
1126.61▲
2024 · 420.34
Debt ≤ 1 year
€143k▼
2024 · €245k
Income taxes
€11k▼
2024 · €12k
Staff costs
€84k▲
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€275k€199k▼
Fixed assets21/28€36k€33k▼
Tangible fixed assets22/27€36k€33k▼
Plant, machinery and equipment23€125€0▼
Furniture and vehicles24€14k€13k▼
Other tangible fixed assets26€21k€20k▼
Current assets29/58€240k€166k▼
Amounts receivable within one year40/41€140k€45k▼
Trade receivables40€139k€43k▼
Other amounts receivable41€835€2k▲
Current investments50/53€50k€0▼
Cash at bank and in hand54/58€48k€118k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€275k€199k▼
Equity10/15€30k€56k▲
Contributions10/11€19k€19k=
Reserves13€12k€37k▲
Distributable reserves133€12k€37k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€245k€143k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€245k€143k▼
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43€3k€660▼
Credit institutions430/8€3k€660▼
Trade debts44€38k€35k▼
Suppliers440/4€38k€35k▼
Taxes, remuneration and social security45€23k€6k▼
Taxes450/3€19k€1k▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€180k€102k▼
Accrued charges and deferred income492/3€182€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€46k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€7k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€201k€233k▲
Operating profit (loss)9901€140k€138k▼
Financial income75/76B€2k€160▼
Recurring financial income75€2k€160▼
Financial charges65/66B€352€131▼
Recurring financial charges65€352€131▼
Profit (loss) for the period before taxes9903€142k€138k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€130k€127k▼
Profit (loss) for the period to be appropriated9905€130k€127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€127k▼
Transfer from equity791/2€50k€0▼
Transfer to equity691/2€0€25k▲
To other reserves6921€0€25k▲
Profit to be distributed694/7€180k€102k▼
Return on contributions (dividend)694€76k€0▼
Directors or managers695€104k€102k▼
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €130k ▲75.2%
Operating result €140k, net result €130k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €61k ▼5.3%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 1 establishment unit since 2017
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.
Zwijnaardsesteenweg 109820 Merelbeke-MelleGround area
274 m²
Building footprint
65 m²
Volume, LiDAR
514 m³
Parcel 44412B0158/00Y006, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BORDES MERELBEKE
since 20172.260.434.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0158/00Y006 | Flanders | 274 m² | 1 · 65 m² | 10.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 227 EUR | 227 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
68310Real estate agency activities
63920Other information service activities
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.