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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 232 days after the legal deadline.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Mercom Health from Oudergem, company number BE0438293708, closed financial year 2024 with a result of € -951,847 after tax. For that financial year Mercom Health recorded revenue of € 696,870 and equity of € -2.3 million. Compared with financial year 2023, the result moved from € -908,447 to € -951,847. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 20, 2026.
€ -2.3 million
▼ € 1.3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -951,847
▼ 5 % more loss than in 2023
Profit after tax over the fiscal year.
€ 146
▼ 85% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.3 million.
People and assets in 2024
9.1
▼ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 579,122
▲ 4% vs 2023
€ 63,600 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
€ 85,710
▼ 81% vs 2023
Loans from banks and other lenders, long and short.
€ 875,391
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 438 days on average.
€ 353,956
▲ 123% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,204,783 | € 1,132,529 | € 1,277,177 | € 696,870 | ▼ 45% |
| Profit after taxes | € 4,155 | € 45,121 | € -908,447 | € -951,847 | ▼ € 43,400 |
| Equity | € -137,837 | € -92,716 | € -1,001,163 | € -2,323,221 | ▼ € 1.3 million |
| Total debts | € 1,923,491 | € 2,137,311 | € 2,454,085 | € 2,561,589 | ▲ 4% |
| Cash | € 5,916 | € 38,022 | € 953 | € 146 | ▼ 85% |
| Retained profit | € -529,664 | € -484,543 | € -1,392,990 | € -2,344,837 | ▼ € 951,847 |
| Bank debt | € 428,708 | € 409,066 | € 442,199 | € 85,710 | ▼ 81% |
| Balance sheet total | € 1,893,654 | € 2,152,595 | € 1,560,922 | € 272,501 | ▼ 83% |
| Employees (FTE) | 7.5 | 8 | 9.4 | 9.1 | ▼ 0.3 |
Key figures of Mercom Health, 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 Mercom Health?
What happened at Mercom Health in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Mercom Health is active according to the CBE. Legal situation: Opening faillissement.
- PATRICK DE BELLEFROID stepped down as director. NBB
- VIVACTIS GROUP SA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 951,847. filed late Source: NBB ↗
- PATRICK DE BELLEFROID became a director. NBB
- VIVACTIS GROUP SA became a director. NBB
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,155 profit in 2021 to € 951,847 loss in 2024.
Paid € 25,926 in corporate taxes since 2021.
Best year ever: 2022, with € 45,121 profit.
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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
The stake of VIVACTIS GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Mercom HealthThe shares are held by VIVACTIS GROUP (49%). It owns 100% of DME, 100% of SPIN HEALTHCARE, 99.7% of MEDISQUARE and 73.8% of VIVIO SA itself.
Directors
According to the 2024 annual accounts
PATRICK DE BELLEFROID
Director
Also active at: VIVACTIS GROUP, VIVIO, CHROMA IMPACT INVESTMENT, MEDISQUARE
since 2026 · until 2032
Director · represented by ALAIN MAHAUX
Also active at: NEW WAY, REFLEXION MEDICAL NETWORK, TEXYS CONSULTING, VIVIO, O.COM, SPIN HEALTH CARE
since 2021 · until 2027
Shareholders
49%
Participations
Establishments
Establishment units
Physical locations of this company
Gustave Demeylaan 57
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →BANCO
€ 137,727 gross margin · 2024
VIVACTIS AGENCY, EDITION & CONGRESS same network
€ 382,125 revenue · 2024
REFLEXION MEDICAL NETWORK same network
€ 2.5 million gross margin · 2024
VIVACTIS GROUP same network
€ 861,653 revenue · 2025
CEKA BELGIUM
€ 101,063 gross margin · 2024
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.293.708
- VAT number
- BE 0438.293.708
- Registered office
- Gustave Demeylaan 57, 1160 Oudergem
- Names & denominations
- Mercom Health
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 14 September 1989
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Prepress-activiteiten
Prepress- en premediadiensten
Opsporings- en particuliere beveiligingsdiensten
Bewakingsbedrijven en beveiligingsdiensten
Particuliere beveiliging