Financials
Financial year 2025
MERT FUNDATIONS from Gent, company number BE0780827432, closed financial year 2025 with a result of € 96,214 after tax. For that financial year MERT FUNDATIONS recorded a gross margin of € 155,805 and equity of € 237,900. Compared with financial year 2024, the result moved from € 360 to € 96,214. 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 31, 2026.
€ 237,900
▲ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,214
▲ € 95,855 vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 232,900.
People and assets in 2025
€ 112,914
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 128,805
▲ 9% vs 2024
€ 33,809 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 483,295
▲ € 479,992 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,000
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 203,531 | € 42,386 | € 155,805 | ▲ 268% |
| Profit after taxes | € 156,325 | € 360 | € 96,214 | ▲ € 95,855 |
| Equity | € 141,325 | € 141,685 | € 237,900 | ▲ 68% |
| Total debts | € 359,562 | € 156,056 | € 676,784 | ▲ € 520,728 |
| Cash | € 7,505 | € 9,868 | - | |
| Retained profit | € 136,325 | € 136,685 | € 232,900 | ▲ 70% |
| Dividend | € 20,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 117,910 | € 128,805 | ▲ 9% |
| Balance sheet total | € 500,887 | € 297,741 | € 914,683 | ▲ 207% |
Key figures of MERT FUNDATIONS, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MERT FUNDATIONS?
What happened at MERT FUNDATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,214 (▲ € 95,855 vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Mert Cetinkaya became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 156,325 profit in 2023 to € 96,214 profit in 2025.
Paid € 60,039 in corporate taxes since 2023.
Best year ever: 2023, with € 156,325 profit.
Paid out € 20,000 in dividends to the owners in total.
Management
Behind MERT FUNDATIONS is Mert Cetinkaya.
Directors
According to the 2025 annual accounts
Mert Cetinkaya
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Botestraat 144
9032 Gent
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
- 0780.827.432
- VAT number
- BE 0780.827.432
- Registered office
- Botestraat 144, 9032 Gent
- Names & denominations
- MERT FUNDATIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2022
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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