MERCKAERT
ActiveSummary
MERCKAERT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €37k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 21% of 993 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+7
Solvency45▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.78 in 2023; short-term debt: 73.2% and cash: 13.7% of total assets), and 79.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 993 sector peers (2024).
NBB · sector comparisonPosition among 993 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
44 d late
2022
31 d early
2021
8 d late
2020
25 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€133k▲ 37.9%
2023 · €97k
2018: €132k
2019: €131k
2020: €130k
2021: €-52k
2023: €97k
2018 → 2024
Total assets
€657k▲ 7.4%
2023 · €612k
2018: €869k
2019: €860k
2020: €446k
2021: €281k
2023: €612k
2018 → 2024
Net result
€37k
2023 · €-107
2018: €14k
2019: €-992
2020: €-1k
2021: €-182k
2023: €-107
2018 → 2024
Working capital
€-104k▼ 9.8%
2023 · €-95k
2018: €123k
2019: €125k
2020: €127k
2021: €-95k
2023: €-95k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€131k-€130k▼ 0.9%€-52k€97k€133k▲ 37.9%
Operating result€13k-€21k▲ 63.4%€-156k€7k€67k▲ 902%
Net result€-992-€-1k▼ 15.1%€-182k▼ 15,813%€-107▲ 99.9%€37k
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 rises in 2024; 2024 is 902% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €657k
Fixed assets
€280k ▲ 4.0%
Current assets
€377k ▲ 10.1%
Equity and liabilities €657k
Equity
€133k ▲ 37.9%
Provisions
€0 ▼ 100%
Debt
€524k ▲ 7.4%
Debt's share of the balance-sheet total stays at 79.7%.
Key figures and ratios
EBITDA
€125k▲
2023 · €59k
Cash flow
€95k▲
2023 · €53k
Current ratio
0.78▲
2023 · 0.78
Quick ratio
0.71▼
2023 · 0.72
Debt to equity
3.93▼
2023 · 5.04
ROE
27.5%▲
2023 · -0.1%
ROA
5.6%▲
2023 · 0.0%
Interest coverage
10.99▲
2023 · 7.06
Debt ≤ 1 year
€481k▲
2023 · €437k
Debt > 1 year
€7k▼
2023 · €33k
Income taxes
€48k▲
2023 · €13k
Staff costs
€516k▼
2023 · €599k
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 · 2024 against 2023 · 65 lines
Balance sheet
Code20232024
Assets
Total assets20/58€612k€657k▲
Fixed assets21/28€269k€280k▲
Intangible fixed assets21€171k€141k▼
Tangible fixed assets22/27€98k€139k▲
Land and buildings22€33k€30k▼
Plant, machinery and equipment23€50k€64k▲
Furniture and vehicles24€15k€26k▲
Other tangible fixed assets26-€18k
Financial fixed assets28€0-
Current assets29/58€343k€377k▲
Amounts receivable after more than one year29€75k€75k=
Other amounts receivable291€75k€75k=
Stocks and contracts in progress3€27k€37k▲
Stocks30/36€27k€37k▲
Amounts receivable within one year40/41€161k€146k▼
Trade receivables40€154k€141k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€43k€90k▲
Deferred charges and accrued income490/1€37k€29k▼
Equity and liabilities
Total equity and liabilities10/49€612k€657k▲
Equity10/15€97k€133k▲
Contributions10/11€25k€25k=
Reserves13€160k€109k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€65k€0▼
Distributable reserves133€95k€109k▲
Profit (loss) carried forward14€-88k€0▲
Provisions and deferred taxes16€27k€0▼
Deferred taxes168€27k€0▼
Amounts payable17/49€488k€524k▲
Amounts payable after more than one year17€33k€7k▼
Financial debts170/4€33k€7k▼
Amounts payable within one year42/48€437k€481k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43€3k€0▼
Credit institutions430/8€3k€0▼
Trade debts44€232k€292k▲
Suppliers440/4€232k€292k▲
Taxes, remuneration and social security45€152k€145k▼
Taxes450/3€40k€61k▲
Remuneration and social security454/9€112k€84k▼
Other amounts payable47/48€26k€18k▼
Accrued charges and deferred income492/3€18k€36k▲
Income statement
Code20232024
Non-recurring operating income76A€413€0▼
Remuneration, social security and pensions62€599k€516k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€59k▲
Other operating charges640/8€12k€7k▼
Gross operating margin9900€670k€649k▼
Operating profit (loss)9901€7k€67k▲
Financial income75/76B€14k€2k▼
Recurring financial income75€14k€2k▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€12k€57k▲
Transfer from deferred taxes780€268€27k▲
Income taxes67/77€13k€48k▲
Profit (loss) for the period9904€-107€37k▲
Transfer from tax-exempt reserves789€804€65k▲
Profit (loss) for the period to be appropriated9905€697€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€13k▲
Profit (loss) brought forward from the previous period14P€-89k€-88k▲
Transfer to equity691/2€0€13k▲
To other reserves6921€0€13k▲
Social balance
Average headcount (FTE)9087-13.0
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €37k
Net result €37k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €133k ▲37.9%
Equity rises from €97k to €133k.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet €-182k
Net result drops to €-182k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Pajottegem · 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.
Scheibeekstraat(HN) 261540 PajottegemGround area
5,949 m²
Building footprint
2,320 m²
Parcel 23032A0001/00H002, Flanders. Linked by address, not a title deed.
1 establishment unit
Scheibeekstraat(HN) 26, 1540 Pajottegem
since 19922.056.648.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032A0001/00H002 | Flanders | 5,949 m² | 1 · 2,320 m² | - |
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.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsKoetswerk duaal (so)
Spuiter carrosserie (vwo)
Spuiter carrosserie duaal (so)
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SAATCI SERVICE
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 2,359 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
Founded11-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.