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 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
The Merchant's Counsellors Ltd from Sint-Truiden, company number BE0415551859, closed financial year 2025 with a result of € -367,514 after tax. For that financial year The Merchant's Counsellors Ltd recorded a gross margin of € -174,892 and equity of € 972,344. Compared with financial year 2024, the result moved from € 198,964 to € -367,514. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 972,344
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -367,514
▼ still € 198,964 profit in 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ € 1.7 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 910,344.
People and assets in 2025
€ 55,570
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 749,661
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,147
▲ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 612,996 | € 185,983 | € 384,173 | € -174,892 | ▼ € 559,065 |
| Profit after taxes | € 882,463 | € 134,824 | € 198,964 | € -367,514 | ▼ € 566,478 |
| Equity | € 1,106,070 | € 1,140,894 | € 1,339,858 | € 972,344 | ▼ 27% |
| Total debts | € 3,549,243 | € 7,832,770 | € 6,814,553 | € 7,740,192 | ▲ 14% |
| Cash | € 454,888 | - | € 534,520 | € 2,238,913 | ▲ € 1.7 million |
| Retained profit | € 1,044,070 | € 1,078,894 | € 1,277,858 | € 910,344 | ▼ 29% |
| Dividend | € 0 | € 100,000 | € 0 | € 0 | |
| Bank debt | € 914,000 | € 678,000 | € 1,654,000 | € 1,814,000 | ▲ 10% |
| Balance sheet total | € 4,655,313 | € 8,973,664 | € 8,154,410 | € 8,712,536 | ▲ 7% |
Key figures of The Merchant's Counsellors Ltd, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to The Merchant's Counsellors Ltd?
What happened at The Merchant's Counsellors Ltd in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Vanmarcke stepped down as director. NBB
- Eugénie-Marie Vanmarcke stepped down as director. NBB
- Emilie-Marie Vanmarcke stepped down as director. NBB
- Gecok stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 367,514 (▼ € 566,478 vs 2024). Source: NBB ↗
- Philip Vanmarcke became a director. NBB
- Eugénie-Marie Vanmarcke became a director. NBB
- Emilie-Marie Vanmarcke became a director. NBB
In short
From € 882,463 profit in 2022 to € 367,514 loss in 2025.
Paid € 263,836 in corporate taxes since 2022.
Best year ever: 2022, with € 882,463 profit.
Paid out € 100,000 in dividends to the owners in total.
A new publication or filing at The Merchant's Counsellors Ltd? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 15% of Zestred itself.
Directors
According to the 2025 annual accounts
Philip Vanmarcke
Managing director
Also active at: DV WOONIDEE, Discodan, MEUBELWEELDE 2000, NIMOINVEST, LEDERWAREN BAEYENS, POLYSOC, Active Belgian Land Investment, ZWIJNAARDE +9 more
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Managing director · represented by Marie-Sibylle KOLL
Also active at: MEUBELWEELDE 2000, NIMOINVEST, BOUWPROMOTIE PLUS, IMMO DGL, Zest Real Estate Development, CAP FIELD, Building Solar Invest, NEW MZ AALST +2 more
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Gorsem-Dorp 2
3803 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.551.859
- VAT number
- BE 0415.551.859
- Registered office
- Gorsem-Dorp 2, 3803 Sint-Truiden
- Names & denominations
- The Merchant's Counsellors Ltd · T.M.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 1975
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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