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 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STAL MERGAERT from De Panne, company number BE0443751244, closed financial year 2025 with a result of € 6,808 after tax. For that financial year STAL MERGAERT recorded a gross margin of € 43,656 and equity of € 62,742. Compared with financial year 2024, the result moved from € 5,028 to € 6,808. Profitable, and profit is growing. 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 August 26, 2026.
€ 62,742
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,808
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 10,889
▼ 24% 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 € 50,339.
People and assets in 2025
€ 3,181
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,890
▲ 47% vs 2024
€ 14,431 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,976
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,153
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,154 | € 56,982 | € 42,873 | € 43,656 | ▲ 2% |
| Profit after taxes | € 75 | € 10,635 | € 5,028 | € 6,808 | ▲ 35% |
| Equity | € 40,270 | € 50,905 | € 55,934 | € 62,742 | ▲ 12% |
| Total debts | € 171,232 | € 125,963 | € 107,453 | € 104,536 | ▼ 3% |
| Cash | € 7,962 | € 17,632 | € 14,338 | € 10,889 | ▼ 24% |
| Land & buildings | € 98,770 | € 91,344 | € 76,681 | € 84,376 | ▲ 10% |
| Retained profit | € 27,867 | € 38,503 | € 43,531 | € 50,339 | ▲ 16% |
| Dividend | € 45,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 63,550 | € 34,757 | € 24,487 | € 35,890 | ▲ 47% |
| Balance sheet total | € 211,503 | € 176,869 | € 163,387 | € 167,278 | ▲ 2% |
Key figures of STAL MERGAERT, 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 STAL MERGAERT?
What happened at STAL MERGAERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,808 (▲ 35% vs 2024). filed late Source: NBB ↗
- Maxine Mergaert became a director. NBB
- Josephine Mergaert became a director. NBB
- New establishment in De Panne. KBO
- Stefaan Mergaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 75 profit in 2022 to € 6,808 profit in 2025.
Paid € 6,340 in corporate taxes since 2022.
Best year ever: 2023, with € 10,635 profit.
Paid out € 45,000 in dividends to the owners in total.
Management
Behind STAL MERGAERT are Josephine Mergaert, Stefaan Mergaert and Maxine Mergaert. The same people are also behind DE DRIE VIJVERS.
Directors
According to the 2025 annual accounts
since 2013
since 1991
since 2014
Establishments
Establishment units
Physical locations of this company
Smekaertstraat 37
8660 De Panne
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
XENIUS, BE
Website info
Features
Security
Details
- Company number
- 0443.751.244
- VAT number
- BE 0443.751.244
- Registered office
- Smekaertstraat 37, 8660 De Panne
- Names & denominations
- STAL MERGAERT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1991
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- dedrievijvers.be
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