Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.7 to 8.
Financials
Financial year 2025
MERODE EXPRESS from Brussel, company number BE0707643506, closed financial year 2025 with a result of € 54,736 after tax. For that financial year MERODE EXPRESS recorded a gross margin of € 431,685 and equity of € 69,128. Compared with financial year 2024, the result moved from € -5,187 to € 54,736. 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 January 30, 2026.
€ 69,128
▲ 173% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,736
▲ still € 5,187 loss in 2024
Profit after tax over the fiscal year.
€ 201,177
▼ 25% 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 € 33,028.
People and assets in 2025
8
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 323,881
▼ 1% vs 2024
€ 40,500 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.
Debts at end 2025
€ 21,353
▼ 63% vs 2024
Loans from banks and other lenders, long and short.
€ 201,448
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,334
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 299,866 | € 372,838 | € 371,974 | € 431,685 | ▲ 16% |
| Profit after taxes | € -12,793 | € -16,042 | € -5,187 | € 54,736 | ▲ € 59,922 |
| Equity | € 68,426 | € 41,449 | € 25,327 | € 69,128 | ▲ 173% |
| Total debts | € 393,725 | € 414,769 | € 457,167 | € 305,425 | ▼ 33% |
| Cash | € 197,988 | € 208,630 | € 266,948 | € 201,177 | ▼ 25% |
| Retained profit | € -480 | € -16,522 | € -21,708 | € 33,028 | ▲ € 54,736 |
| Bank debt | € 129,321 | € 93,673 | € 57,685 | € 21,353 | ▼ 63% |
| Balance sheet total | € 462,151 | € 456,218 | € 482,495 | € 374,553 | ▼ 22% |
| Employees (FTE) | 10 | 9.7 | 8.6 | 8 | ▼ 0.6 |
Key figures of MERODE EXPRESS, 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 January 2027.
What happened to MERODE EXPRESS?
What happened at MERODE EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 54,736. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Omar Kannoui became a director. NBB
- Ruben Da Costa Silva became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,793 loss in 2022 to € 54,736 profit in 2025.
Paid € 385 in corporate taxes since 2022.
Best year ever: 2025, with € 54,736 profit.
On average € 54,000 of value added per employee in 2025.
Management
Behind MERODE EXPRESS are Omar Kannoui and Ruben Da Costa Silva. Omar Kannoui is also behind DA COSTA-R MANAGEMENT. Ruben Da Costa Silva is also behind TWINS 2017.
Directors
According to the 2025 annual accounts
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Livingstonelaan 8-10
1000 Brussel
Tervurenlaan 0
1040 Etterbeek
Active since 2 October 2018
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
- 0707.643.506
- VAT number
- BE 0707.643.506
- Registered office
- Livingstonelaan 8-10, 1000 Brussel
- Names & denominations
- MERODE EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 2018
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)
Detailhandel in kranten en andere tijdschriften
Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels