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 3 of the last 4 fiscal years.
Financials
Financial year 2025
MERTENS from Baelen, company number BE0450136715, closed financial year 2025 with a result of € 12,548 after tax. For that financial year MERTENS recorded a gross margin of € 13,618 and equity of € -8,994. Compared with financial year 2024, the result moved from € 4,979 to € 12,548. 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 July 2, 2026.
€ -8,994
▲ € 12,548 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,548
▲ 152% vs 2024
Profit after tax over the fiscal year.
€ 43,953
▼ 11% 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 € -39,980.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,061
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 88,715
▼ 6% vs 2024
€ 3,715 is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 816
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 918
▲ € 768 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,917 | € -30,659 | € 21,361 | € 13,618 | ▼ 36% |
| Profit after taxes | € 1,858 | € -37,499 | € 4,979 | € 12,548 | ▲ 152% |
| Equity | € 10,978 | € -26,521 | € -21,542 | € -8,994 | ▲ € 12,548 |
| Total debts | € 126,774 | € 119,568 | € 97,573 | € 90,527 | ▼ 7% |
| Cash | € 58,875 | € 31,393 | € 49,447 | € 43,953 | ▼ 11% |
| Retained profit | € -20,009 | € -57,508 | € -52,529 | € -39,980 | ▲ € 12,548 |
| Bank debt | € 104,991 | € 99,644 | € 94,219 | € 88,715 | ▼ 6% |
| Balance sheet total | € 137,752 | € 93,047 | € 76,030 | € 81,534 | ▲ 7% |
Key figures of MERTENS, 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 MERTENS?
What happened at MERTENS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,548 (▲ 152% vs 2024). Source: NBB ↗
- Roger MERTENS became a director. NBB
- New establishment in Baelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,858 profit in 2022 to € 12,548 profit in 2025.
Paid € 620 in corporate taxes since 2022.
Best year ever: 2025, with € 12,548 profit.
Management
Behind MERTENS is Roger MERTENS.
Directors
According to the 2025 annual accounts
Roger MERTENS
Managing director
since 2024
Establishments
Establishment units
Physical locations of this company
Rue de l'Invasion(MCH) 74
4837 Baelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.136.715
- VAT number
- BE 0450.136.715
- Registered office
- Rue de l'Invasion(MCH) 74, 4837 Baelen
- Names & denominations
- MERTENS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 1993
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in verlichtingsartikelen
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Sanitaire werkzaamheden
Overig loodgieterswerk
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