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 45 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
The Merode from Brussel, company number BE0870366647, closed financial year 2025 with a result of € 23,724 after tax. For that financial year The Merode recorded a gross margin of € 1.6 million and equity of € 40,581. Compared with financial year 2024, the result moved from € 1.2 million to € 23,724. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 4, 2026.
€ 40,581
▲ 141% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,724
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 11,303
▲ 57% 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 € -20,919.
People and assets in 2025
17
▲ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 8% vs 2024
€ 62,200 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.
€ 379,601
▲ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▲ 12% vs 2024
€ 98,916 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 1.7 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 155,891
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,034 | € -725,174 | € 2,759,699 | € 1,612,849 | ▼ 42% |
| Profit after taxes | € -716,429 | € -1,541,744 | € 1,241,906 | € 23,724 | ▼ 98% |
| Equity | € 316,695 | € -1,225,049 | € 16,857 | € 40,581 | ▲ 141% |
| Total debts | € 4,615,673 | € 5,542,457 | € 3,856,938 | € 4,381,496 | ▲ 14% |
| Cash | € 2,091,631 | € 1,349,375 | € 7,182 | € 11,303 | ▲ 57% |
| Retained profit | € 255,195 | € -1,286,549 | € -44,643 | € -20,919 | ▲ € 23,724 |
| Bank debt | € 2,291,936 | € 4,284,311 | € 2,205,455 | € 2,467,211 | ▲ 12% |
| Balance sheet total | € 4,932,368 | € 4,317,408 | € 3,873,795 | € 4,422,077 | ▲ 14% |
| Employees (FTE) | 10.3 | 9.1 | 14.1 | 17 | ▲ 2.9 |
Key figures of The Merode, 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 The Merode?
What happened at The Merode in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bruno Pani stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 23,724 (▼ 98% vs 2024). filed late Source: NBB ↗
- Bruno Pani became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 716,429 loss in 2022 to € 23,724 profit in 2025.
Paid € 64,830 in corporate taxes since 2022.
Best year ever: 2024, with € 1.2 million profit.
On average € 94,900 of value added per employee in 2025.
A new publication or filing at The Merode? 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 PROFIRST INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The MerodeThe shares are held by PROFIRST INTERNATIONAL (27%). It owns 100% of CIAO BRUSSELS itself.
Directors
According to the 2025 annual accounts
Bruno Pani
Managing director
Also active at: A.D. Value, PROFIRST INTERNATIONAL, RENIPONT IMMO, DOCKS DOME, CIAO BRUSSELS, AD VALUE IMMO, OKEN, Respace
since 2023 · until 2028
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Poelaertplein 6
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
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€ 1.3 million gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
INFOMANIAK-AS, CH
DNS
OVH DNS
Domain
Domain
themerode.com
Registered
2021-09-17
Registrar
OVH, SAS
Expires
2034-09-17
Website info
Features
Security
Details
- Company number
- 0870.366.647
- VAT number
- BE 0870.366.647
- Registered office
- Poelaertplein 6, 1000 Brussel
- Names & denominations
- The Merode
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2004
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- themerode.com
- Activities · NACE
Organisatie van congressen en beurzen
Promotie en organisatie van scheppende en uitvoerende kunstevenementen
Promotie en organisatie van uitvoerende kunstevenementen
Overige recreatie- en ontspanningsactiviteiten, neg
Exploitatie van schouwburgen, concertzalen en dergelijke