Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MERRION from Elsene, company number BE0471277864, closed financial year 2025 with a result of € -904,350 after tax. For that financial year MERRION recorded a gross margin of € 203,973 and equity of € 5.6 million. Compared with financial year 2024, the result moved from € -352,144 to € -904,350. The company made a loss. 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 September 2, 2026.
€ 5.6 million
▲ € 4.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -904,350
▼ 157 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.9 million
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
Debts at end 2025
€ 3.7 million
▼ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 219,787
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,968
▲ 66% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 720,155 | € 896,254 | € 956,438 | € 203,973 | ▼ 79% |
| Profit after taxes | € -497,508 | € -422,877 | € -352,144 | € -904,350 | ▼ € 552,206 |
| Equity | € 1,964,381 | € 1,541,503 | € 1,189,359 | € 5,615,010 | ▲ € 4.4 million |
| Total debts | € 9,791,342 | € 9,474,176 | € 9,340,213 | € 4,232,611 | ▼ 55% |
| Cash | € 3,768,517 | € 3,432,099 | € 3,486,056 | € 1,870,236 | ▼ 46% |
| Land & buildings | € 7,532,609 | € 7,164,733 | € 6,792,470 | € 7,713,314 | ▲ 14% |
| Retained profit | € -1,945,719 | € -2,368,597 | € -2,720,741 | € -3,625,090 | ▼ € 904,350 |
| Bank debt | € 9,010,000 | € 9,010,000 | € 9,010,000 | € 3,680,000 | ▼ 59% |
| Balance sheet total | € 11,755,722 | € 11,015,680 | € 10,529,573 | € 9,847,621 | ▼ 6% |
Key figures of MERRION, 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 MERRION?
What happened at MERRION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan Wangermann stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 904,350. filed late Source: NBB ↗
- Valentin Audrit became a director. NBB
- Moahmed Oubial became a director. NBB
- Jan Wangermann became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 497,508 loss in 2022 to € 904,350 loss in 2025.
Paid € 144 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MERRION are Valentin Audrit and Moahmed Oubial. The shares are held by PATRIZIA Real Assets Kapitalverwaltungsgesellschaft mbH (100%) and LB INVEST GMBH (0%).
Directors
According to the 2025 annual accounts
Valentin Audrit
Director
Also active at: Swiss Life BelCo, Immo Pan 2, Forest 1, Forest 3, Forest 2, IPE Froissart, SA Rue de la Loi, RENAISSANCE OFFICE +1 more
since 2025
Moahmed Oubial
Director
since 2025
Jan Wangermann
Director
since 2023 · until 2029
Shareholders
PATRIZIA Real Assets Kapitalverwaltungsgesellschaft mbH
100%
LB INVEST GMBH
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 235
1050 Elsene
Troonstraat 108
1050 Elsene
Active since 14 March 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
All companies at this address →SPE III Runway
€ 4.2 million revenue · 2025
Belgische Parkeerfederatie
van Cutsem & Partners
€ 212,108 gross margin · 2025
BEYENS & PARTNERS
€ 173,577 gross margin · 2025
HERMAN LEMAIRE, AVOCAT
€ 185,229 gross margin · 2024
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.277.864
- VAT number
- BE 0471.277.864
- Registered office
- Louizalaan 235, 1050 Elsene
- Names & denominations
- MERRION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Diensten in verband met vervoer te land