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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MEERSCHMAN from Aalst, company number BE0422208237, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year MEERSCHMAN recorded revenue of € 77.2 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 1.9 million to € 1.8 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 6.3 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 3.8 million
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
57 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
77.4
▲ 11.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▲ 14% vs 2024
€ 69,100 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.
€ 692,867
▼ 30% vs 2024
Of which on lease € 335,683.
Debts at end 2025
€ 1.7 million
▼ 56% vs 2024
€ 738,990 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8.8 million
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 801,492
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 69,560,271 | € 88,603,651 | € 78,817,488 | € 77,189,215 | ▼ 2% |
| Profit after taxes | € 1,797,878 | € 3,055,445 | € 1,914,531 | € 1,763,497 | ▼ 8% |
| Equity | € 3,108,146 | € 4,663,591 | € 5,578,122 | € 6,341,620 | ▲ 14% |
| Total debts | € 22,504,708 | € 27,305,267 | € 19,708,778 | € 15,641,417 | ▼ 21% |
| Cash | € 3,684,225 | € 3,852,409 | € 3,249,017 | € 3,774,284 | ▲ 16% |
| Land & buildings | € 1,378,371 | € 1,228,858 | € 1,093,594 | € 1,401,523 | ▲ 28% |
| Retained profit | € 2,801,997 | € 4,357,443 | € 5,271,974 | € 6,035,471 | ▲ 14% |
| Dividend | € 1,000,000 | € 1,500,000 | € 1,000,000 | € 1,000,000 | |
| Bank debt | € 4,036,891 | € 2,413,101 | € 3,770,032 | € 1,655,292 | ▼ 56% |
| Balance sheet total | € 25,612,854 | € 31,968,858 | € 25,286,900 | € 21,983,037 | ▼ 13% |
| Employees (FTE) | 64.3 | 63.9 | 65.5 | 77.4 | ▲ 11.9 |
Key figures of MEERSCHMAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MEERSCHMAN?
What happened at MEERSCHMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.8 million (▼ 8% vs 2024). Source: NBB ↗
- New establishment in Aalst. KBO
- New establishment in Aalst. KBO
- New establishment in Zottegem. KBO
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.8 million profit in 2022 to € 1.8 million profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.1 million profit.
Paid out € 4.5 million in dividends to the owners in total.
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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
Behind MEERSCHMAN are DANIEL MEERSCHMAN, LIEVEN MEERSCHMAN and PATRICK MEERSCHMAN. DANIEL MEERSCHMAN is also behind DPL Invest BVBA. PATRICK MEERSCHMAN is also behind DPL Invest BVBA.
Directors
According to the 2025 annual accounts
LIEVEN MEERSCHMAN
Director
Establishments
Establishment units
Physical locations of this company
Churchillsteenweg 24
9320 Aalst
Elisabethlaan 201
9400 Ninove
Active since 24 December 1981
Ter Kameren 2
9620 Zottegem
Active since 2 August 1999
Moorselbaan 370
9300 Aalst
Active since 1 April 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.208.237
- VAT number
- BE 0422.208.237
- Registered office
- Churchillsteenweg 24, 9320 Aalst
- Names & denominations
- MEERSCHMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1981
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)