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 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
De Meander from Merchtem, company number BE0438383481, closed financial year 2025 with a result of € 131,808 after tax. For that financial year De Meander recorded a gross margin of € 203,249 and equity of € 84,634. Compared with financial year 2024, the result moved from € 108,634 to € 131,808. 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 August 31, 2026.
€ 84,634
▲ € 131,808 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 131,808
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 269,912
▲ € 225,231 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 22,634.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 306,205
▼ 21% vs 2024
€ 82,711 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 35,765
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,690 | € 112,148 | € 174,225 | € 203,249 | ▲ 17% |
| Profit after taxes | € 9,428 | € 41,928 | € 108,634 | € 131,808 | ▲ 21% |
| Equity | € -197,735 | € -155,807 | € -47,173 | € 84,634 | ▲ € 131,808 |
| Total debts | € 2,404,666 | € 2,329,459 | € 1,954,220 | € 1,871,500 | ▼ 4% |
| Cash | € 11,661 | € 26,935 | € 44,681 | € 269,912 | ▲ € 225,231 |
| Land & buildings | € 1,873,812 | € 1,818,100 | € 1,528,218 | € 1,422,308 | ▼ 7% |
| Retained profit | € -259,735 | € -217,807 | € -109,173 | € 22,634 | ▲ € 131,808 |
| Bank debt | € 877,734 | € 770,537 | € 388,549 | € 306,205 | ▼ 21% |
| Balance sheet total | € 2,206,931 | € 2,173,652 | € 1,907,047 | € 1,956,135 | ▲ 3% |
Key figures of De Meander, 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 De Meander?
What happened at De Meander in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 131,808 (▲ 21% vs 2024). filed late Source: NBB ↗
- Elisabeth Borgmans became a director. NBB
- Ann Bertine Verrezen became a director. NBB
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,428 profit in 2022 to € 131,808 profit in 2025.
Best year ever: 2025, with € 131,808 profit.
Management
Behind De Meander are Ann Bertine Verrezen and Elisabeth Borgmans. It owns 99.3% of Groep A itself.
Directors
According to the 2025 annual accounts
Ann Bertine Verrezen
Director
since 2016
since 2023
Establishments
Establishment units
Physical locations of this company
Nieuwstraat 14
1785 Merchtem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0438.383.481
- VAT number
- BE 0438.383.481
- Registered office
- Nieuwstraat 14, 1785 Merchtem
- Names & denominations
- De Meander
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 1989
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen