Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2026; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
MERLY from Erpe-Mere, company number BE0400160731, closed financial year 2026 with a result of € -2,189 after tax. For that financial year MERLY recorded a gross margin of € 187,467 and equity of € 2 million. Compared with financial year 2025, the result moved from € 16,021 to € -2,189. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 6, 2026.
€ 2 million
▼ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,189
▼ still € 16,021 profit in 2025
Profit after tax over the fiscal year.
€ 93,409
▼ 41% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.9 million.
People and assets in 2026
€ 989
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 18
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 201,813 | € 974,663 | € 188,735 | € 187,467 | ▼ 1% |
| Profit after taxes | € 37,502 | € 509,826 | € 16,021 | € -2,189 | ▼ € 18,210 |
| Equity | € 1,839,651 | € 2,200,044 | € 2,063,309 | € 2,002,867 | ▼ 3% |
| Total debts | € 323,385 | € 279,401 | € 217,180 | € 158,511 | ▼ 27% |
| Cash | € 68,199 | € 164,696 | € 158,473 | € 93,409 | ▼ 41% |
| Land & buildings | € 2,040,187 | € 1,320,255 | € 1,241,321 | € 1,163,946 | ▼ 6% |
| Retained profit | € 1,767,973 | € 2,128,366 | € 1,991,631 | € 1,931,189 | ▼ 3% |
| Dividend | € 0 | € 149,434 | € 152,756 | € 58,252 | ▼ 62% |
| Bank debt | € 260,656 | € 3,067 | € 0 | € 0 | |
| Balance sheet total | € 2,352,577 | € 2,624,153 | € 2,410,810 | € 2,277,312 | ▼ 6% |
Key figures of MERLY, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 November 2027.
What happened to MERLY?
What happened at MERLY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2,189 (▼ € 18,210 vs 2025). Source: NBB ↗
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,502 profit in 2023 to € 2,189 loss in 2026.
Paid € 414,315 in corporate taxes since 2023.
Best year ever: 2024, with € 509,826 profit.
Paid out € 360,443 in dividends to the owners in total.
Management
Behind MERLY are Ann-Sophie Baeten, Marie-Ann Baeten and Anne Marie Pennewaert.
Directors
According to the 2026 annual accounts
Ann-Sophie Baeten
Director
Marie-Ann Baeten
Director
Anne Marie Pennewaert
Managing director
Establishments
Establishment units
Physical locations of this company
Oudenaardsesteenweg 251
9420 Erpe-Mere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.160.731
- VAT number
- BE 0400.160.731
- Registered office
- Oudenaardsesteenweg 251, 9420 Erpe-Mere
- Names & denominations
- MERLY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1948
- Peppol
- Not registered