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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 3 of the last 4 fiscal years.
Financials
Financial year 2025
MEROUT from Tessenderlo-Ham, company number BE0447129319, closed financial year 2025 with a result of € 32,366 after tax. For that financial year MEROUT recorded a gross margin of € 208,672 and equity of € -7,511. Compared with financial year 2024, the result moved from € -20,681 to € 32,366. Profitable, and profit is growing. 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 August 28, 2026.
€ -7,511
▲ € 32,366 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,366
▲ still € 20,681 loss in 2024
Profit after tax over the fiscal year.
€ 120,936
▲ 74% 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 € -69,511.
People and assets in 2025
€ 101,599
▼ 18% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 27,133
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 437,320
▼ 15% vs 2024
€ 12,152 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 36,167
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,115
▼ 59% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 170,750 | € 191,875 | € 230,272 | € 208,672 | ▼ 9% |
| Profit after taxes | € -80,604 | € -70,122 | € -20,681 | € 32,366 | ▲ € 53,047 |
| Equity | € 50,926 | € -19,196 | € -39,877 | € -7,511 | ▲ € 32,366 |
| Total debts | € 1,141,069 | € 1,057,415 | € 976,842 | € 890,354 | ▼ 9% |
| Cash | € 104,464 | € 68,848 | € 69,553 | € 120,936 | ▲ 74% |
| Land & buildings | € 149,407 | € 89,476 | € 30,127 | € 5,241 | ▼ 83% |
| Retained profit | € -11,074 | € -81,196 | € -101,877 | € -69,511 | ▲ € 32,366 |
| Bank debt | € 671,533 | € 642,814 | € 513,046 | € 437,320 | ▼ 15% |
| Balance sheet total | € 1,191,994 | € 1,038,219 | € 936,965 | € 882,844 | ▼ 6% |
| Employees (FTE) | 3.3 | - | - | - |
Key figures of MEROUT, 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 MEROUT?
What happened at MEROUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,366. filed late Source: NBB ↗
- Maria Vanhoof became a director. NBB
- Luc Splets became a director. NBB
- Johan Splets became a director. NBB
- New establishment in Tessenderlo-Ham. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,604 loss in 2022 to € 32,366 profit in 2025.
Paid € 820 in corporate taxes since 2022.
Best year ever: 2025, with € 32,366 profit.
On average € 51,700 of value added per employee in 2022.
Management
Behind MEROUT are Luc Splets, Maria Vanhoof and Johan Splets.
Directors
According to the 2025 annual accounts
Luc Splets
Managing director
since 2004
Maria Vanhoof
Director
since 2009
Johan Splets
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Transportstraat 3A
3980 Tessenderlo-Ham
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.129.319
- VAT number
- BE 0447.129.319
- Registered office
- Transportstraat 3A, 3980 Tessenderlo-Ham
- Names & denominations
- MEROUT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1992
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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