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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mérula Wijnen from Brugge, company number BE0743596159, closed financial year 2025 with a result of € -189,981 after tax. For that financial year Mérula Wijnen recorded a gross margin of € 172,000 and equity of € -124,735. Compared with financial year 2024, the result moved from € -229,123 to € -189,981. 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 September 30, 2026.
€ -124,735
▼ € 89,981 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -189,981
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 71,991
▲ 107% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -590,575.
People and assets in 2025
2.6
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 139,027
▲ 72% vs 2024
€ 53,500 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.
€ 216,800
▼ 13% vs 2024
Of which on lease € 89,058.
Debts at end 2025
€ 870,201
▼ 3% vs 2024
€ 24,049 is repaid this year. At this pace the long-term loan is gone in ≈ 36 years.
€ 418,994
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,862
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 91,827 | € 102,745 | € 87,376 | € 172,000 | ▲ 97% |
| Profit after taxes | € 23,967 | € -153,758 | € -229,123 | € -189,981 | ▲ € 39,142 |
| Equity | € 348,127 | € 194,369 | € -34,754 | € -124,735 | ▼ € 89,981 |
| Total debts | € 993,190 | € 1,958,792 | € 2,612,941 | € 2,920,080 | ▲ 12% |
| Cash | € 84,995 | € 22,118 | € 34,790 | € 71,991 | ▲ 107% |
| Retained profit | € -17,714 | € -171,471 | € -400,594 | € -590,575 | ▼ € 189,981 |
| Bank debt | € 0 | € 645,566 | € 893,138 | € 870,201 | ▼ 3% |
| Balance sheet total | € 1,341,316 | € 2,153,161 | € 2,578,187 | € 2,795,345 | ▲ 8% |
| Employees (FTE) | - | 2.8 | 1.1 | 2.6 | ▲ 1.5 |
Key figures of Mérula Wijnen, 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 Mérula Wijnen?
What happened at Mérula Wijnen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 189,981. filed late Source: NBB ↗
- Fidemas became a director. NBB
- New establishment in Brugge. KBO
- Marino Moenaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 23,967 profit in 2022 to € 189,981 loss in 2025.
Best year ever: 2022, with € 23,967 profit.
On average € 66,200 of value added per employee in 2025.
Management
The stake of Tjaka comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Mérula WijnenBehind Mérula Wijnen are Fidemas and Marino Moenaert. The shares are held by Tjaka (75%).
Establishments
Establishment units
Physical locations of this company
Blauwezaalhoek 4
8310 Brugge
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
- 0743.596.159
- VAT number
- BE 0743.596.159
- Registered office
- Blauwezaalhoek 4, 8310 Brugge
- Names & denominations
- Mérula Wijnen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2020
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
Teelt van druiven
Ondersteunende activiteiten in verband met de teelt van gewassen
Vervaardiging van andere niet-gedistilleerde gegiste dranken
Vervaardiging van cider en andere gefermenteerde vruchtendranken
Detailhandel in wijnen en geestrijke dranken
Behandeling van gewassen na de oogst en van zaden voor vermeerdering
Vervaardiging van wijn uit druiven
Groothandel in wijnen en geestrijke dranken