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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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEERT MERTENS FINANCE from Lede, company number BE0880713181, closed financial year 2025 with a result of € -1,243 after tax. For that financial year GEERT MERTENS FINANCE recorded a gross margin of € 90,490 and equity of € 90,932. Compared with financial year 2024, the result moved from € 3,442 to € -1,243. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 90,932
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,243
▼ still € 3,442 profit in 2024
Profit after tax over the fiscal year.
€ 62,852
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 78,532.
People and assets in 2025
€ 46,924
▲ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,942
▲ € 25,764 vs 2024
Of which on lease € 705.
Debts at end 2025
€ 226,388
▼ 3% vs 2024
€ 37,677 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,831
Supplier invoices still open on the last day of the fiscal year.
€ 8,646
▼ 36% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 99,964 | € 112,849 | € 92,767 | € 90,490 | ▼ 2% |
| Profit after taxes | € -9,559 | € 28,132 | € 3,442 | € -1,243 | ▼ € 4,684 |
| Equity | € 60,601 | € 88,733 | € 92,175 | € 90,932 | ▼ 1% |
| Total debts | € 486,670 | € 451,408 | € 413,134 | € 399,367 | ▼ 3% |
| Cash | € 84,679 | € 106,922 | € 85,343 | € 62,852 | ▼ 26% |
| Land & buildings | € 152,460 | € 147,263 | € 142,065 | € 136,868 | ▼ 4% |
| Retained profit | € 48,201 | € 76,333 | € 79,775 | € 78,532 | ▼ 2% |
| Bank debt | € 296,897 | € 265,137 | € 233,889 | € 226,388 | ▼ 3% |
| Balance sheet total | € 547,272 | € 540,141 | € 505,309 | € 490,299 | ▼ 3% |
Key figures of GEERT MERTENS FINANCE, 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 GEERT MERTENS FINANCE?
What happened at GEERT MERTENS FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,243 (▼ € 4,684 vs 2024). Source: NBB ↗
- New establishment in Lede. KBO
- Geert Mertens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,559 loss in 2022 to € 1,243 loss in 2025.
Paid € 34,491 in corporate taxes since 2022.
Best year ever: 2023, with € 28,132 profit.
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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
Behind GEERT MERTENS FINANCE is Geert Mertens.
Directors
According to the 2025 annual accounts
Geert Mertens
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Wichelse steenweg 120
9340 Lede
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0880.713.181
- VAT number
- BE 0880.713.181
- Registered office
- Wichelse steenweg 120, 9340 Lede
- Names & denominations
- GEERT MERTENS FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 2006
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars