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 41 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
AD MERBRAINE from Braine-l'Alleud, company number BE0678975254, closed financial year 2026 with a result of € 765,545 after tax. For that financial year AD MERBRAINE recorded a gross margin of € 2.3 million and equity of € 711,136. Compared with financial year 2025, the result moved from € 676,953 to € 765,545. 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 May 8, 2026.
€ 711,136
▲ 4% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 765,545
▲ 13% vs 2025
Profit after tax over the fiscal year.
€ 579,899
▼ 37% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 735,000 paid out
96 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
23.5
▲ 2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 933,441
▲ 11% vs 2025
€ 39,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 109,048
▼ 16% vs 2025
Of which on lease € 100,282.
Debts at end 2026
€ 528,291
▼ 28% vs 2025
€ 183,931 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.6 million
▲ 28% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 144,716
▼ 2% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 1,796,736 | € 2,549,922 | € 2,134,687 | € 2,284,117 | ▲ 7% |
| Profit after taxes | € 455,706 | € 981,194 | € 676,953 | € 765,545 | ▲ 13% |
| Equity | € 662,444 | € 713,638 | € 680,591 | € 711,136 | ▲ 4% |
| Total debts | € 2,510,457 | € 3,005,536 | € 2,482,813 | € 2,785,683 | ▲ 12% |
| Cash | € 1,048,108 | € 1,193,495 | € 923,202 | € 579,899 | ▼ 37% |
| Land & buildings | - | € 515,898 | € 515,898 | € 515,898 | |
| Retained profit | € 112,444 | € 163,638 | € 130,591 | € 161,136 | ▲ 23% |
| Dividend | € 400,000 | € 930,000 | € 710,000 | € 735,000 | ▲ 4% |
| Bank debt | € 856,715 | € 995,387 | € 729,727 | € 528,291 | ▼ 28% |
| Balance sheet total | € 3,172,901 | € 3,719,174 | € 3,163,404 | € 3,496,819 | ▲ 11% |
| Employees (FTE) | 23.7 | 23.8 | 21.5 | 23.5 | ▲ 2 |
Key figures of AD MERBRAINE, 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 August 2027.
What happened to AD MERBRAINE?
What happened at AD MERBRAINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 765,545 (▲ 13% vs 2025). Source: NBB ↗
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 455,706 profit in 2023 to € 765,545 profit in 2026.
Paid € 996,461 in corporate taxes since 2023.
Best year ever: 2024, with € 981,194 profit.
On average € 97,200 of value added per employee in 2026.
Management
Behind AD MERBRAINE are Jean Guillaume Zurstrassen, Grégoire de Streel and Renaud Caeymaex. The same people are also behind AD REYERS. Jean Guillaume Zurstrassen is also behind Nowrizon.
Establishments
Establishment units
Physical locations of this company
Avenue Victor Hugo 3
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0678.975.254
- VAT number
- BE 0678.975.254
- Registered office
- Avenue Victor Hugo 3, 1420 Braine-l'Alleud
- Names & denominations
- AD MERBRAINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2017
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)