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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Merco Services from Merelbeke-Melle, company number BE0716660051, closed financial year 2025 with a result of € 550,948 after tax. For that financial year Merco Services recorded revenue of € 765,380 and equity of € 15.7 million. Compared with financial year 2024, the result moved from € 89,134 to € 550,948. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 15.7 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 550,948
▲ € 461,814 vs 2024
Profit after tax over the fiscal year.
€ 245,013
▲ 159% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 850,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 378,402
▼ 1% vs 2024
€ 94,600 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.
€ 45,149
▲ 165% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,474
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 88,391
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,048,722 | € 1,526,841 | € 1,468,261 | € 765,380 | ▼ 48% |
| Profit after taxes | € 634,844 | € 11,865,541 | € 89,134 | € 550,948 | ▲ € 461,814 |
| Equity | € 7,042,562 | € 18,908,103 | € 15,997,237 | € 15,698,186 | ▼ 2% |
| Total debts | € 18,072 | € 185,653 | € 100,280 | € 497,866 | ▲ € 397,586 |
| Cash | € 52,771 | € 352,980 | € 94,522 | € 245,013 | ▲ 159% |
| Retained profit | € 6,542,562 | € 18,408,103 | € 15,497,237 | € 15,198,186 | ▼ 2% |
| Dividend | € 0 | € 0 | € 3,000,000 | € 850,000 | ▼ 72% |
| Bank debt | € 6,142 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 7,060,635 | € 19,093,756 | € 16,097,517 | € 16,196,051 | ▲ 1% |
| Employees (FTE) | - | 1 | 4 | 4 |
Key figures of Merco Services, 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 Merco Services?
What happened at Merco Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ludwig Borgonjon stepped down as director. NBB
- Donaat Wambacq stepped down as director. NBB
- Michiel Rabaeys stepped down as director. NBB
- Patriek Van Parys stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 550,948 (▲ € 461,814 vs 2024). Source: NBB ↗
- Ludwig Borgonjon became a director. NBB
- Donaat Wambacq became a director. NBB
- Michiel Rabaeys became a director. NBB
In short
From € 634,844 profit in 2022 to € 550,948 profit in 2025.
Paid € 149,212 in corporate taxes since 2022.
Best year ever: 2023, with € 11.9 million profit.
Paid out € 3.9 million in dividends to the owners in total.
A new publication or filing at Merco Services? 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
The stake of Merco Solutions comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Merco ServicesThe shares are held by Merco Solutions (100%). It owns 100% of Merco Machines itself.
Directors
According to the 2025 annual accounts
Ludwig Borgonjon
Managing director
Also active at: Merco Machines, Merco Factory Automation AFGEKORT MFA, Merco Solutions
since 2024 · until 2030
Donaat Wambacq
Managing director
Also active at: Merco Machines, Merco Factory Automation AFGEKORT MFA, Merco Solutions
since 2024 · until 2030
Michiel Rabaeys
Managing director
Also active at: Merco Machines, Merco Factory Automation AFGEKORT MFA, Merco Solutions
since 2024 · until 2030
Patriek Van Parys
Managing director
Also active at: Merco Machines, Merco Factory Automation AFGEKORT MFA, Merco Solutions
since 2024 · until 2030
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Nijverheidsweg 14
9820 Merelbeke-Melle
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
- 0716.660.051
- VAT number
- BE 0716.660.051
- Registered office
- Nijverheidsweg 14, 9820 Merelbeke-Melle
- Names & denominations
- Merco Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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