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 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MERCKX ATH from Ath, company number BE0888859104, closed financial year 2025 with a result of € 83,498 after tax. For that financial year MERCKX ATH recorded a gross margin of € 873,014 and equity of € 350,870. Compared with financial year 2024, the result moved from € 139,874 to € 83,498. 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 June 15, 2026.
€ 350,870
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,498
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 496,549
▲ 124% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
60 % of the profit went to the shareholders, mostly to ETABLISSEMENTS MERCKX (100 % of the shares). That is where the money ends up.
People and assets in 2025
9
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 517,260
▲ 10% vs 2024
€ 57,500 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.
€ 271,428
▲ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 591,153
▲ 13% vs 2024
€ 67,111 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.6 million
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 89,443
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 596,344 | € 721,397 | € 908,948 | € 873,014 | ▼ 4% |
| Profit after taxes | € 132,000 | € 136,261 | € 139,874 | € 83,498 | ▼ 40% |
| Equity | € 251,237 | € 302,498 | € 317,372 | € 350,870 | ▲ 11% |
| Total debts | € 2,116,803 | € 1,668,200 | € 2,046,506 | € 2,503,541 | ▲ 22% |
| Cash | € 590,849 | € 218,894 | € 221,729 | € 496,549 | ▲ 124% |
| Land & buildings | € 198,526 | € 165,972 | € 133,419 | € 101,616 | ▼ 24% |
| Retained profit | € 101,237 | € 152,498 | € 167,372 | € 200,870 | ▲ 20% |
| Dividend | € 100,000 | € 85,000 | € 125,000 | € 50,000 | ▼ 60% |
| Bank debt | € 361,126 | € 344,836 | € 521,853 | € 591,153 | ▲ 13% |
| Balance sheet total | € 2,368,040 | € 1,970,697 | € 2,363,878 | € 2,854,411 | ▲ 21% |
| Employees (FTE) | 6.5 | 7.5 | 8.2 | 9 | ▲ 0.8 |
Key figures of MERCKX ATH, 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 MERCKX ATH?
What happened at MERCKX ATH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,498 (▼ 40% vs 2024). Source: NBB ↗
- New establishment in Ath. KBO
- Start of the company according to the CBE. KBO
In short
From € 132,000 profit in 2022 to € 83,498 profit in 2025.
Paid € 226,014 in corporate taxes since 2022.
Best year ever: 2024, with € 139,874 profit.
On average € 97,000 of value added per employee in 2025.
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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 ETABLISSEMENTS MERCKX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MERCKX ATHBehind MERCKX ATH are Etablissements Merckx and Bruno Merckx. The shares are held by ETABLISSEMENTS MERCKX (99.6%).
Directors
According to the 2025 annual accounts
Bruno Merckx
Director
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Prés du Roy 5
7800 Ath
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.859.104
- VAT number
- BE 0888.859.104
- Registered office
- Rue des Prés du Roy 5, 7800 Ath
- Names & denominations
- MERCKX ATH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2007
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)