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Mercatorfonds

Active
Public limited companyfounded 1968active for 58 yearsZuidstraat 2, 1000 Brussel, Belgium12 active companies are registered at this addressKBO/BCE: BE 0404.784.463
Summary

The computed 12-month bankruptcy probability of Mercatorfonds is 3.2% (moderate). The annual accounts of Mercatorfonds for financial year 2025 show a net loss of 160% of the equity at the start of that year. The 2025 annual accounts show equity of €388,255 and a net result of -€298,220. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 27% of 5,017 sector peers (NACE 47, financial year 2025). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
MercatorfondsActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Retail trade
NACE 47610Book publishing NACE 58110
1 site
Size
€894,304turnover 2025
Staff
2.6 FTE
Equity
€388,255
Loss
-€298,220
Equity +108%: capital increase
Financial health
49 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.2%
Structure
Largest shareholder
FONDS D'INVESTISSEMENT DANS LES ENTREPRISES CULTURELLES "St'art" · 11.11%
2025 accounts filed 28 days late1 of 9 deeds summarised
Why 49raises riskLoss of €298,220 (financial year 2025)Liquidity: current ratio 1.87, cash €3,878Equity €388,255 (16.2% of total assets)Sector: Retail trade (NACE 47)Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 32% of its sector peers (NACE 47, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 41+9
equity 16.2% of total assets
Liquidity 23-16
short-term debt 53.3% · cash 0.2%
Profitability 2-35
return on assets -12.4%
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,246 companies, NACE 47, micro)
Last 24 months 11-2024: 1.3%lowest value 12-2024: 1.3%● unchanged vs 11-2024lowest value 01-2025: 1.3%● unchanged vs 12-2024lowest value 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.4 percentage points vs 06-2025 08-2025: 2.4%▲ +0.7 percentage points vs 07-2025 09-2025: 3.0%▲ +0.6 percentage points vs 08-2025 10-2025: 1.7%▼ -1.3 percentage points vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 2.9%▲ +1.1 percentage points vs 07-2026 09-2026: 3.2%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 3.2%● unchanged vs 09-2026highest value
Credit of up to €19,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.87, compared with 1.71 in 2024, above the usual 1.5; short-term debt: 53.3% and cash: 0.2% of total assets), but 83.8% 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 47, micro): better than 32% on solvency, 21% on liquidity, 14% on profitability and 62% 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 risk
raises risk · Loss of €298,220 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.87, cash €3,878
NBB · annual accounts
raises risk · Equity €388,255 (16.2% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €388,255
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 days late
2024
41 days late
2023
30 days late
2022
on the day
2021
2 days early
2020
20 days late
2019
46 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 23 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Weakest financial yearnet -€298,220
  3. Equity above €200,000equity €388,255 ▲108%

Key points

  • Caution: From profit to loss in 2025after €19,964 in 2024 -€298,220 View
  • Caution: Among the weakest 6% on net resultsector median €40,073 · 5,016 companies -€298,220 View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Turnover
€894,304
Loss
-€298,220
Solvency
16.2%
Turnover▼ 7.8%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Largest shareholder
FONDS D'INVESTISSEMENT DANS LES… · 11.11%
  • AD HOC CommunicationDirector
  • FONDS D'INVESTISSEMENT DANS LES ENTREPRISES CULTURELLES "St'art"Director
  • STEYAERT BernardManaging director
Go to Board & ownership

Timeline

Events
54
Since
1978
Next accounts
by 31-07-2027
  1. 30-12-2025Reappointments: STEYAERT Bernard, AD HOC Communication and…
  2. 10-09-2025Annual accounts filed
  3. 31-12-2024Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail tradeNACE 47610
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
36
Annual meeting
Second Wednesday of May at 17:00
Purpose
“Toutes opérations ayant trait à l’impression,l’édition,l’illustration,l’achat et la vente…” (deed in Dutch)
Go to Articles of association

Key facts about Mercatorfonds

What is the company number of Mercatorfonds?
0404.784.463. In Belgium the VAT number is the company number with BE in front: BE 0404.784.463.
Where is Mercatorfonds based?
The registered office is at Zuidstraat 2, 1000 Brussel.Company details
What does Mercatorfonds do?
According to the KBO register, the main activity is retail trade (NACE 47610).
What is the legal form of Mercatorfonds?
Public limited company (NV).
When was Mercatorfonds founded?
On 01-01-1968.
Is Mercatorfonds still active?
Yes, Mercatorfonds is an active enterprise in the KBO register.
How many employees does Mercatorfonds have?
On average 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Mercatorfonds?
€894,304 in financial year 2025, according to the filed annual accounts.
Is Mercatorfonds profitable?
In financial year 2025, Mercatorfonds made a loss of €298,220.
Where can I find the annual accounts of Mercatorfonds?
Mercatorfonds filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Mercatorfonds due?
By 31-07-2027, for financial year 2026.Timeline

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