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 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MERGELHOF from Plombières, company number BE0442662468, closed financial year 2025 with a result of € 44,021 after tax. For that financial year MERGELHOF recorded revenue of € 1.2 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 51,573 to € 44,021. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 1.1 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,021
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 33,235
▼ 25% 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 € 472,027.
People and assets in 2025
8.3
Average over the fiscal year, from the social balance sheet.
€ 563,440
▲ 36% vs 2024
€ 67,900 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.
€ 5,250
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 121,662
▲ 128% vs 2024
€ 82,906 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 53,508
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,649
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 1,213,938 | |
| Gross margin | € 593,136 | € 601,712 | € 567,284 | € 725,392 | ▲ 28% |
| Profit after taxes | € 138,838 | € 60,848 | € 51,573 | € 44,021 | ▼ 15% |
| Equity | € 976,469 | € 1,037,317 | € 1,088,891 | € 1,132,911 | ▲ 4% |
| Total debts | € 539,226 | € 386,305 | € 320,280 | € 258,316 | ▼ 19% |
| Cash | € 70,827 | € 9,804 | € 44,370 | € 33,235 | ▼ 25% |
| Land & buildings | € 121,797 | € 110,815 | € 92,290 | € 140,547 | ▲ 52% |
| Retained profit | € 315,585 | € 376,433 | € 428,007 | € 472,027 | ▲ 10% |
| Bank debt | € 222,393 | € 119,664 | € 53,306 | € 121,662 | ▲ 128% |
| Balance sheet total | € 1,515,695 | € 1,423,623 | € 1,409,170 | € 1,391,227 | ▼ 1% |
| Employees (FTE) | 7.2 | 8.3 | 8.3 | 8.3 |
Key figures of MERGELHOF, 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 MERGELHOF?
What happened at MERGELHOF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,021 (▼ 15% vs 2024). Source: NBB ↗
- Victor NIX became a director. NBB
- Detlef FELSER became a director. NBB
- Stefan FELSER became a director. NBB
- New establishment in Plombières. KBO
- Start of the company according to the CBE. KBO
In short
From € 138,838 profit in 2022 to € 44,021 profit in 2025.
Paid € 88,894 in corporate taxes since 2022.
Best year ever: 2022, with € 138,838 profit.
On average € 87,400 of value added per employee in 2025.
Management
The stake of MERGELHOF MANAGEMENT SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MERGELHOFBehind MERGELHOF are Victor NIX, Detlef FELSER and Stefan FELSER. The shares are held by MERGELHOF MANAGEMENT SERVICES (45%). It owns 33% of UFD itself.
Directors
According to the 2025 annual accounts
since 2022
Detlef FELSER
Chairman of the board
Also active at: UNTERNEHMENSBERATUNG FUR DATENVERARBEITUNG, MERGELHOF MANAGEMENT SERVICES
since 2022
since 2022
Shareholders
Participations
33%
Establishments
Establishment units
Physical locations of this company
Rue de Terstraeten 254
4851 Plombières
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0442.662.468
- VAT number
- BE 0442.662.468
- Registered office
- Rue de Terstraeten 254, 4851 Plombières
- Names & denominations
- MERGELHOF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 1991
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Exploitatie van sportaccommodaties
Exploitatie van overige sportinstallaties en -accomodaties
Beheer en exploitatie van sportcentra
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Hotels en dergelijke accommodatie
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Cafés en bars
Cafés
+5