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 6 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
GLM Mertens from Heist-op-den-Berg, company number BE0553688470, closed financial year 2026 with a result of € 1,547 after tax. For that financial year GLM Mertens recorded a gross margin of € 44,550 and equity of € 42,876. Compared with financial year 2025, the result moved from € 923 to € 1,547. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.
€ 42,876
▲ 4% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,547
▲ 68% vs 2025
Profit after tax over the fiscal year.
€ 4,808
▼ 36% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 22,876.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 92,711
▲ 6% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 62,252
▲ 44% vs 2025
€ 31,763 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,172
▼ 46% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 192
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 48,922 | € 41,749 | € 37,967 | € 44,550 | ▲ 17% |
| Profit after taxes | € 14,538 | € 674 | € 923 | € 1,547 | ▲ 68% |
| Equity | € 39,732 | € 40,406 | € 41,328 | € 42,876 | ▲ 4% |
| Total debts | € 188,237 | € 204,815 | € 192,610 | € 214,017 | ▲ 11% |
| Cash | € 13,456 | € 17,427 | € 7,547 | € 4,808 | ▼ 36% |
| Retained profit | € 19,732 | € 20,406 | € 21,328 | € 22,876 | ▲ 7% |
| Bank debt | € 91,302 | € 68,646 | € 43,259 | € 62,252 | ▲ 44% |
| Balance sheet total | € 227,969 | € 245,221 | € 233,938 | € 256,892 | ▲ 10% |
Key figures of GLM Mertens, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to GLM Mertens?
What happened at GLM Mertens in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1,547 (▲ 68% vs 2025). Source: NBB ↗
- New establishment in Heist-op-den-Berg. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,538 profit in 2023 to € 1,547 profit in 2026.
Best year ever: 2023, with € 14,538 profit.
Management
Behind GLM Mertens is Pieter Mertens.
Directors
According to the 2026 annual accounts
Pieter Mertens
Director
Establishments
Establishment units
Physical locations of this company
Bareelweg 5
2223 Heist-op-den-Berg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0553.688.470
- VAT number
- BE 0553.688.470
- Registered office
- Bareelweg 5, 2223 Heist-op-den-Berg
- Names & denominations
- GLM Mertens
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 2014
- Peppol
- Active · Active since 26 Jul 2024
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