Merlijntje
ActiveMerlijntje has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378k and a net result of €97k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 456 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency54▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.11 in 2024; short-term debt: 70.7% and cash: 0.2% of total assets), and 71% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Sector 88
lower
← 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
29%
Return on assets
7.5%
Age of the figures
9 mo
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 · 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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €378k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
29 d late
2023
182 d late
2022
66 d late
2021
156 d late
2020
61 d late
2019
152 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€97k▲ 14.5%
2024 · €85k
2018: €10k
2019: €11k
2020: €-18k
2021: €-127k
2022: €11k
2023: €-134k
2024: €85k
2018 → 2025
Working capital
€190k▲ 114%
2024 · €88k
2018: €231k
2019: €266k
2020: €231k
2021: €112k
2022: €126k
2023: €3k
2024: €88k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€417k-€404k▼ 3.2%€245k▼ 39.3%€306k▲ 24.7%€378k▲ 23.9%
Operating result€-27k-€13k€-131k€86k€98k▲ 14.1%
Net result€-127k-€11k€-134k€85k€97k▲ 14.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€194k▼ 10.7%
Current assets
€1.11M▲ 21.7%
Equity and liabilities €1.31M
Equity
€378k▲ 23.9%
Debt
€928k▲ 12.4%
The debt ratio falls from 73.0% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€132k▲
2024 · €121k
Cash flow
€132k▲
2024 · €121k
Solvency
29.0%▲
2024 · 27.0%
Current ratio
1.21▲
2024 · 1.11
Quick ratio
1.21▲
2024 · 1.11
Debt / equity
2.45▼
2024 · 2.70
ROE
25.8%▼
2024 · 27.9%
ROA
7.5%▼
2024 · 7.5%
Interest coverage
198.73▲
2024 · 112.42
Debt
€928k▲
2024 · €826k
Debt ≤ 1 year
€923k▲
2024 · €826k
Staff costs
€986k▼
2024 · €1.08M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.31M▲
Fixed assets21/28€217k€194k▼
Tangible fixed assets22/27€217k€194k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€9k€15k▲
Other tangible fixed assets26€202k€175k▼
Current assets29/58€915k€1.11M▲
Amounts receivable within one year40/41€840k€987k▲
Trade receivables40€34k€26k▼
Other amounts receivable41€806k€961k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€73k€123k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.31M▲
Equity10/15€306k€378k▲
Profit (loss) carried forward14€158k€255k▲
Investment grants15€148k€123k▼
Amounts payable17/49€826k€928k▲
Amounts payable within one year42/48€826k€923k▲
Trade debts44€91k€27k▼
Suppliers440/4€91k€27k▼
Taxes, remuneration and social security45€163k€229k▲
Taxes450/3€8k€28k▲
Remuneration and social security454/9€155k€201k▲
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Non-recurring operating income76A€143k€0▼
Remuneration, social security and pensions62€1.08M€986k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€34k▼
Other operating charges640/8€407€5k▲
Gross operating margin9900€1.20M€1.12M▼
Operating profit (loss)9901€86k€98k▲
Financial income75/76B€293€83▼
Recurring financial income75€293€83▼
Financial charges65/66B€1k€666▼
Recurring financial charges65€1k€666▼
Profit (loss) for the period before taxes9903€85k€97k▲
Profit (loss) for the period9904€85k€97k▲
Profit (loss) for the period to be appropriated9905€85k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€255k▲
Profit (loss) brought forward from the previous period14P€73k€158k▲
Social balance
Average headcount (FTE)908716.615.5▼
The notes to these accounts (11 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 14 days late
2025
31-12
Financial
Highest result since 2018net €97k ▲14.5%
Operating result €98k, net result €97k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 182 days late
2024
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-134k ▼1287%
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 156 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 152 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 156 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 90 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brecht · 1 establishment unit since 2014
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.
de Lalainglaan 112960 BrechtGround area
2,586 m²
Building footprint
786 m²
Volume, LiDAR
3,224 m³
Parcel 11333C0712/00S002, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Merlijntje
since 20142.227.577.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333C0712/00S002 | Flanders | 2,586 m² | 1 · 786 m² | 8.0 m · 1 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 to 2025 · 9 entries · 3,143,160 EUR awarded · 3,143,160 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 868,031 EUR | 868,031 EUR |
| 2024 | 2 | 796,108 EUR | 796,108 EUR |
| 2023 | 3 | 759,258 EUR | 759,258 EUR |
| 2022 | 2 | 719,763 EUR | 719,763 EUR |
Schemes
Subsidies voorschoolse kinderopvang
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Inkomenstarief kinderopvang
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.227.577.482
Care and welfare
3 services · 1 liveMerlijntje
CIK Zorgregio Schilde
Merlijntje
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Of 1,590 companies in sector 88911 we hold annual accounts for 705. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded29-01-2014
Fiscal year end31-12
Activities, NACEBEL
88911Day nurseries and crèches
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.