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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MERITO from Tessenderlo-Ham, company number BE0701668009, closed financial year 2025 with a result of € 34,652 after tax. For that financial year MERITO recorded a gross margin of € 126,455 and equity of € 18,600. Compared with financial year 2024, the result moved from € 46,914 to € 34,652. The company is profitable. The buffer shrank hard: equity is 92 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 16, 2026.
€ 18,600
▼ 92% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,652
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 38,107
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 256,510 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 3,358
▲ 2% 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.
€ 6,928
▲ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
▲ € 2.9 million vs 2024
€ 14,749 is repaid this year. At this pace the long-term loan is gone in ≈ 201 years.
€ 1,691
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,230
▲ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 80,307 | € 74,797 | € 82,749 | € 126,455 | ▲ 53% |
| Profit after taxes | € 50,138 | € 44,441 | € 46,914 | € 34,652 | ▼ 26% |
| Equity | € 171,103 | € 193,544 | € 240,458 | € 18,600 | ▼ 92% |
| Total debts | € 131,483 | € 97,515 | € 65,251 | € 3,239,180 | ▲ € 3.2 million |
| Cash | € 22,236 | € 22,493 | € 32,452 | € 38,107 | ▲ 17% |
| Retained profit | € 152,503 | € 174,944 | € 221,858 | € 0 | ▼ 100% |
| Dividend | € 18,000 | € 22,000 | € 0 | € 256,510 | |
| Bank debt | € 117,788 | € 84,049 | € 49,706 | € 2,964,749 | ▲ € 2.9 million |
| Balance sheet total | € 446,701 | € 444,552 | € 460,977 | € 3,414,819 | ▲ € 3 million |
Key figures of MERITO, 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 MERITO?
What happened at MERITO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,652 (▼ 26% vs 2024). Source: NBB ↗
- New establishment in Tessenderlo-Ham. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,138 profit in 2022 to € 34,652 profit in 2025.
Paid € 65,649 in corporate taxes since 2022.
Best year ever: 2022, with € 50,138 profit.
Paid out € 296,510 in dividends to the owners in total.
Management
Behind MERITO is JEROEN MICHIELS. It owns 100% of EUROPEAN VENTILATION TECHNICS itself.
Directors
According to the 2025 annual accounts
JEROEN MICHIELS
Director
Also active at: STOKJES, EUROPEAN VENTILATION TECHNICS, AIR - SUPPORT, PRIME AIR
Establishments
Establishment units
Physical locations of this company
Windmolen 2
3980 Tessenderlo-Ham
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
- 0701.668.009
- VAT number
- BE 0701.668.009
- Registered office
- Windmolen 2, 3980 Tessenderlo-Ham
- Names & denominations
- MERITO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2018
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
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