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.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Merchandise.game International from Olen, company number BE0676592222, closed financial year 2025 with a result of € -33,964 after tax. For that financial year Merchandise.game International recorded a gross margin of € -29,842 and equity of € -77,550. Compared with financial year 2024, the result moved from € 14,754 to € -33,964. The company made a loss. 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 April 30, 2026.
€ -77,550
▼ € 33,964 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,964
▼ still € 14,754 profit in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83,750.
Debts at end 2025
€ 138,439
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 49,821
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,929 | € -53,303 | € 30,861 | € -29,842 | ▼ € 60,703 |
| Profit after taxes | € -6,017 | € -59,823 | € 14,754 | € -33,964 | ▼ € 48,717 |
| Equity | € 1,483 | € -58,340 | € -43,586 | € -77,550 | ▼ € 33,964 |
| Total debts | € 267,197 | € 334,525 | € 186,492 | € 220,555 | ▲ 18% |
| Cash | € 1,661 | € 4,756 | € 2 | € 0 | ▼ 100% |
| Retained profit | € -4,717 | € -64,540 | € -49,786 | € -83,750 | ▼ € 33,964 |
| Bank debt | € 129,406 | € 129,406 | € 134,763 | € 138,439 | ▲ 3% |
| Balance sheet total | € 268,680 | € 276,185 | € 142,906 | € 143,005 |
Key figures of Merchandise.game International, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Merchandise.game International?
What happened at Merchandise.game International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,964 (▼ € 48,717 vs 2024). Source: NBB ↗
- New establishment in Olen. KBO
- Bren Van Caesbroeck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,017 loss in 2022 to € 33,964 loss in 2025.
Best year ever: 2024, with € 14,754 profit.
A new publication or filing at Merchandise.game International? We notify you, reason included.
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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 Merchandise.game International are Dynamic eSports COMMV, Gamevibes BV, Gary Peeters and Bren Van Caesbroeck. Dynamic eSports COMMV is also behind GAMEGEAR, n11s, INSIGHTFUL CONSULTING and UNLOCKED. Gamevibes BV is also behind ES-DISTRIBUTION, GAMEGEAR, INSIGHTFUL CONSULTING, UNLOCKED and Unlocked Group. Gary Peeters is also behind GAMEGEAR, INSIGHTFUL CONSULTING, GP Creative and UNLOCKED.
Directors
According to the 2025 annual accounts
Director · represented by De Geyter Birger
Also active at: GAMEGEAR, n11s, INSIGHTFUL CONSULTING, UNLOCKED
Director · represented by Leunens Steven
Also active at: ES-DISTRIBUTION, GAMEGEAR, INSIGHTFUL CONSULTING, UNLOCKED, Unlocked Group
Bren Van Caesbroeck
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Industrielaan 24
2250 Olen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0676.592.222
- VAT number
- BE 0676.592.222
- Registered office
- Industrielaan 24, 2250 Olen
- Names & denominations
- Merchandise.game International
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2017
- Peppol
- Not registered
- Activities · NACE
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