Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Merkator Group from Asse, company number BE1003329594, closed financial year 2025 with a result of € -195,582 after tax. For that financial year Merkator Group recorded revenue of € 1 million and equity of € 20.7 million. Compared with financial year 2024, the result moved from € -480,988 to € -195,582. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 20.7 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -195,582
▲ 59 % less loss than in 2024
Profit after tax over the fiscal year.
€ 28,231
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -676,569.
Debts at end 2025
€ 3.5 million
Loans from banks and other lenders, long and short.
€ 230,826
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 21,294
▼ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 1,042,206 | € 1,049,346 | ▲ 1% |
| Profit after taxes | € -480,988 | € -195,582 | ▲ € 285,406 |
| Equity | € 16,179,015 | € 20,683,433 | ▲ 28% |
| Total debts | € 3,799,671 | € 3,815,323 | |
| Cash | € 87,778 | € 28,231 | ▼ 68% |
| Retained profit | € -480,988 | € -676,569 | ▼ € 195,582 |
| Bank debt | € 3,510,912 | € 3,518,010 | |
| Balance sheet total | € 19,978,686 | € 24,498,756 | ▲ 23% |
Key figures of Merkator Group, fiscal years 2024 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 Merkator Group?
What happened at Merkator Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 195,582. Source: NBB ↗
- 5GEE BV became a director. NBB
- Sofindev Management NV became a director. NBB
- Carlo Daelemans became a director. NBB
- New establishment in Asse. KBO
- Sofindev VI CommV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 480,988 loss in 2024 to € 195,582 loss in 2025.
Pays suppliers within 77 days on average.
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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 Sofindev VI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Merkator GroupBehind Merkator Group are Sofindev VI CommV, 5GEE BV, Sofindev Management NV and Carlo Daelemans. The shares are held by Sofindev VI (64.2%). It owns 100% of MERKATOR itself.
Directors
According to the 2025 annual accounts
Director · represented by Jan Camerlynck
Also active at: Studeco, Expertum Group, FIRE CONCEPT, Polysto Group, ALTEBRA WAREGEM, Coffee Service Group, Shipex Group, Optima Forma BidCo +2 more
since 2023
Director · represented by Geert De Coensel
Also active at: G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT, MERKATOR, GIM WALLONIE, Spatial Intelligence Genuine & Generic IT Solutions
since 2023
Director · represented by Jean-Roger De Bandt
Also active at: Studeco, ALTEBRA, W.V.T. Industries, SOFINDEV IV, Sofindev IV Investments Privak, Claes Food Projects, Info Invest, ILUVIA +20 more
since 2023
Carlo Daelemans
Director
Also active at: MABO LIFTING, Studeco, ALTEBRA, MEDIAGENIX, MEDIAGENIX GROUP, ILUVIA, Mabo International, BLANCHIMONT +2 more
since 2023
Shareholders
64.2%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Vliegwezenlaan 48
1731 Asse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 1003.329.594
- VAT number
- BE 1003.329.594
- Registered office
- Vliegwezenlaan 48, 1731 Asse
- Names & denominations
- Merkator Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2023
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige kredietverstrekking n.e.g.
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Overige zakelijke dienstverlening, neg
Diverse administratieve activiteiten ten behoeve van kantoren
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