MERTAM
ActiveSummary
MERTAM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.18M and a net result of €-156k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-39
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 5.39 against 76.74 in 2023; short-term debt: 18.5% and cash: 8.3% of total assets), and 24.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.9%
Return on assets
-10%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
39 d early
2021
45 d early
2020
44 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.18M▼ 26.8%
2023 · €1.62M
2018: €1.62M
2019: €1.56M
2020: €1.45M
2021: €1.45M
2022: €1.53M
2023: €1.62M
2018 → 2024
Total assets
€1.56M▼ 6.4%
2023 · €1.66M
2018: €1.85M
2019: €1.56M
2020: €1.48M
2021: €1.49M
2022: €1.63M
2023: €1.66M
2018 → 2024
Net result
€-156k
2023 · €87k
2018: €277k
2019: €-61k
2020: €-110k
2021: €4k
2022: €78k
2023: €87k
2018 → 2024
Working capital
€1.27M▼ 22.7%
2023 · €1.64M
2018: €-228k
2019: €1.56M
2020: €1.48M
2022: €1.53M
2023: €1.64M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.45M-€1.45M▲ 0.3%€1.53M▲ 5.4%€1.62M▲ 5.7%€1.18M▼ 26.8%
Operating result€3k-€-23k€-2k▲ 90.1%€9k€8k▼ 16.3%
Net result€-110k-€4k€78k▲ 1,890%€87k▲ 11.5%€-156k
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 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.56M
Equity
€1.18M ▼ 26.8%
Debt
€375k ▲ 691%
Debt's share of the balance-sheet total rises from 2.9% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.39▼
2023 · 76.74
Debt to equity
0.32▲
2023 · 0.03
ROE
-13.2%▼
2023 · 5.4%
ROA
-10.0%▼
2023 · 5.2%
Debt ≤ 1 year
€289k▲
2023 · €22k
Income taxes
€7k▼
2023 · €14k
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 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.66M€1.56M▼
Current assets29/58€1.66M€1.56M▼
Amounts receivable within one year40/41€1.31M€1.06M▼
Other amounts receivable41€1.31M€1.06M▼
Current investments50/53€308k€374k▲
Cash at bank and in hand54/58€49k€129k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.56M▼
Equity10/15€1.62M€1.18M▼
Contributions10/11€20k€20k=
Reserves13€1.60M€1.16M▼
Distributable reserves133€1.60M€1.16M▼
Amounts payable17/49€47k€375k▲
Amounts payable within one year42/48€22k€289k▲
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€21k▲
Other amounts payable47/48-€263k
Accrued charges and deferred income492/3€26k€86k▲
Income statement
Code20232024
Other operating charges640/8€1k€2k▲
Gross operating margin9900€10k€9k▼
Operating profit (loss)9901€9k€8k▼
Financial income75/76B€97k€8k▼
Recurring financial income75€97k€8k▼
Financial charges65/66B€5k€166k▲
Recurring financial charges65€5k€6k▲
Non-recurring financial charges66B-€160k
Profit (loss) for the period before taxes9903€101k€-150k▼
Income taxes67/77€14k€7k▼
Profit (loss) for the period9904€87k€-156k▼
Profit (loss) for the period to be appropriated9905€87k€-156k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€-156k▼
Transfer from equity791/2-€433k
Transfer to equity691/2€87k-
To other reserves6921€87k-
Profit to be distributed694/7-€277k
Return on contributions (dividend)694-€277k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-156k ▼279%
Net result drops to €-156k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 76.74
Current ratio from 16.29 to 76.74; short-term debt falls from €100k to €22k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 964233current ratio 28765.75
Current ratio from 0.03 to 28765.75; short-term debt falls from €235k to €54.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Erpe-Mere · 1 establishment unit since 2016
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.
Oudenaardsesteenweg 3129420 Erpe-MereGround area
2,855 m²
Parcel 41006A0369/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Mertam
since 20162.257.029.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41006A0369/00E000 | Flanders | 2,855 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
Legal Entity Identifier
894500BV49JWVMW8L485
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,109 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
Founded21-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.