Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MEREL from Ronse, company number BE0882025948, closed financial year 2025 with a result of € 33,942 after tax. For that financial year MEREL recorded a gross margin of € 34,651 and equity of € -37,748. Compared with financial year 2024, the result moved from € 27,500 to € 33,942. Profitable, and profit is growing. 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 November 25, 2025.
€ -37,748
▲ € 33,942 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 33,942
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 4,368
▲ 12% 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 € -50,148.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,500
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,202
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,876 | € 27,767 | € 28,520 | € 34,651 | ▲ 21% |
| Profit after taxes | € 14,320 | € 26,793 | € 27,500 | € 33,942 | ▲ 23% |
| Equity | € -125,984 | € -99,191 | € -71,690 | € -37,748 | ▲ € 33,942 |
| Total debts | € 131,415 | € 104,806 | € 75,676 | € 45,606 | ▼ 40% |
| Cash | € 2,401 | € 2,584 | € 3,906 | € 4,368 | ▲ 12% |
| Retained profit | € -138,384 | € -111,591 | € -84,090 | € -50,148 | ▲ € 33,942 |
| Balance sheet total | € 5,431 | € 5,615 | € 3,986 | € 7,858 | ▲ 97% |
Key figures of MEREL, 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 MEREL?
What happened at MEREL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 33,942 (▲ 23% vs 2024). Source: NBB ↗
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
- Lode Nachtegael became a director. NBB
In short
From € 14,320 profit in 2022 to € 33,942 profit in 2025.
Best year ever: 2025, with € 33,942 profit.
A new publication or filing at MEREL? 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
Behind MEREL is Lode Nachtegael. Lode Nachtegael is also behind MERMAT.
Directors
According to the 2025 annual accounts
since 2006
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 14
9600 Ronse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.025.948
- VAT number
- BE 0882.025.948
- Registered office
- Nijverheidsstraat 14, 9600 Ronse
- Names & denominations
- MEREL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2006
- Peppol
- Active · Active since 6 Mar 2025
- Activities · NACE
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