Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Mercatorfonds from Brussel, company number BE0404784463, closed financial year 2024 with a result of € 19,964 after tax. For that financial year Mercatorfonds recorded revenue of € 969,785 and equity of € 186,474. Compared with financial year 2023, the result moved from € 4,781 to € 19,964. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 10, 2025.
€ 186,474
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,964
▲ € 15,183 vs 2023
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -713,526.
People and assets in 2024
2.5
▲ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 178,916
▲ 12% vs 2023
€ 71,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 1.2 million
▼ 1% vs 2023
Loans from banks and other lenders, long and short.
€ 824,903
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,619
▲ 51% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 770,620 | € 995,334 | € 942,003 | € 969,785 | ▲ 3% |
| Gross margin | € 25,852 | € -1,816 | € 193,715 | € 245,820 | ▲ 27% |
| Profit after taxes | € -86,500 | € -116,013 | € 4,781 | € 19,964 | ▲ € 15,183 |
| Equity | € 277,743 | € 161,730 | € 166,511 | € 186,474 | ▲ 12% |
| Total debts | € 1,979,353 | € 1,941,259 | € 2,275,387 | € 2,356,728 | ▲ 4% |
| Land & buildings | - | - | - | € 2,413 | |
| Retained profit | € -622,257 | € -738,270 | € -733,489 | € -713,526 | ▲ € 19,964 |
| Bank debt | € 938,592 | € 1,078,132 | € 1,174,086 | € 1,165,092 | ▼ 1% |
| Balance sheet total | € 2,257,097 | € 2,102,989 | € 2,441,898 | € 2,543,203 | ▲ 4% |
| Employees (FTE) | 1.3 | 1.6 | 2.3 | 2.5 | ▲ 0.2 |
Key figures of Mercatorfonds, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Mercatorfonds?
What happened at Mercatorfonds in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 19,964 (▲ € 15,183 vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 86,500 loss in 2021 to € 19,964 profit in 2024.
Paid € 1,322 in corporate taxes since 2021.
Best year ever: 2024, with € 19,964 profit.
On average € 98,300 of value added per employee in 2024.
Establishments
Establishment units
Physical locations of this company
Zuidstraat 2
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →MARALEX
€ 6,346 gross margin · 2025
ARCADY
€ 77,001 gross margin · 2025
COSABEL
€ -6,806 gross margin · 2025
BRUSSELS - HABITAT & COMMERCE - BRUSSELS - WOONST & HANDEL
PULSAR ICT
€ 30,699 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0404.784.463
- VAT number
- BE 0404.784.463
- Registered office
- Zuidstraat 2, 1000 Brussel
- Names & denominations
- Mercatorfonds
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- mercatorfonds.be
- Activities · NACE
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