Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MERYMMO from Liège, company number BE0638824578, closed financial year 2025 with a result of € 26,421 after tax. For that financial year MERYMMO recorded a gross margin of € 82,674 and equity of € 180,477. Compared with financial year 2024, the result moved from € 61,654 to € 26,421. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 180,477
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,421
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 78,583
▼ 42% 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 € 105,477.
People and assets in 2025
€ 12,191
▲ € 11,930 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.
Debts at end 2025
€ 190,096
▼ 11% vs 2024
€ 30,111 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,560
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,765
▲ 175% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 74,207 | € 40,917 | € 105,691 | € 82,674 | ▼ 22% |
| Profit after taxes | € -15,063 | € 1,166 | € 61,654 | € 26,421 | ▼ 57% |
| Equity | € 91,236 | € 92,402 | € 154,056 | € 180,477 | ▲ 17% |
| Total debts | € 460,765 | € 429,571 | € 2,224,063 | € 2,189,024 | ▼ 2% |
| Cash | € 8,331 | € 4,330 | € 134,433 | € 78,583 | ▼ 42% |
| Land & buildings | € 308,865 | € 289,355 | € 269,846 | € 303,965 | ▲ 13% |
| Retained profit | € 16,236 | € 17,402 | € 79,056 | € 105,477 | ▲ 33% |
| Bank debt | € 253,979 | € 230,269 | € 212,628 | € 190,096 | ▼ 11% |
| Balance sheet total | € 552,002 | € 521,974 | € 2,390,688 | € 2,382,070 | |
| Employees (FTE) | 60,836.7 | 2,864.9 | - | - |
Key figures of MERYMMO, 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 MERYMMO?
What happened at MERYMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CEDIP SA stepped down as director. NBB
- N2D2 SA stepped down as director. NBB
- La Compagnie du Poirier SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 26,421 (▼ 57% vs 2024). Source: NBB ↗
- CEDIP SA became a director. NBB
- N2D2 SA became a director. NBB
- La Compagnie du Poirier SA became a director. NBB
- New establishment in Liège. KBO
In short
From € 15,063 loss in 2022 to € 26,421 profit in 2025.
Paid € 6,534 in corporate taxes since 2022.
Best year ever: 2024, with € 61,654 profit.
On average € 0 of value added per employee in 2023.
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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
The stake of LA COMPAGNIE DU POIRIER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MERYMMOThe shares are held by LA COMPAGNIE DU POIRIER (0%). It owns 70% of N2D2 itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Managing director · represented by Duchesne Niels
Also active at: MERYTHERM, VAL NOTRE DAME HYDRO, HyDro B
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
70%
Establishments
Establishment units
Physical locations of this company
Rue Bois-l'Evêque 71
4000 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0638.824.578
- VAT number
- BE 0638.824.578
- Registered office
- Rue Bois-l'Evêque 71, 4000 Liège
- Names & denominations
- MERYMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 2015
- Peppol
- Active · Active since 24 Oct 2025
- Contact
- [email protected] +32474521296
- Activities · NACE
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