ACTIVE

MERCO

Financial year 2025 · closed on 31/12/2025
Net result
20,2 k €
+40830.5% YoY
Gross margin
30,1 k €
+1767.7% YoY
Equity
12,9 k €
+278.4% YoY

What does MERCO do?

MERCO is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0460.096.536
Incorporation
26/02/1997
Legal form
Private limited company
Registered office
Avenue Louise 500
1050 Ixelles · BruxellesSee on map
Contributed capital
18 592,00 €
Latest accounts
31/12/2025
Contacts
2 public details availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin30,1 k €1,6 k €2,9 k €-8,3 k €-13,7 k €-7,9 k €8,5 k €-5,4 k €-376 €11,9 k €1,6 k €8,9 k €752 €3,7 k €7,9 k €-2,4 k €-5,8 k €11,3 k €15,8 k €7 k €
EBITDA29,7 k €1,1 k €2,4 k €-8,9 k €-14,3 k €-8,5 k €7,8 k €-6 k €-1,1 k €11,4 k €940 €8,4 k €-422 €399 €6,9 k €-3,3 k €-6,8 k €10,4 k €14,9 k €5,6 k €
Operating result29,1 k €468,2 €1,4 k €-9,8 k €-15,3 k €-9,3 k €7,1 k €-8,7 k €-4,1 k €8,4 k €-2,3 k €6,1 k €-5,6 k €-5 k €4,8 k €-5,2 k €-7,8 k €8,6 k €13,8 k €5,2 k €
Net result20,2 k €49,2 €1,1 k €-10,1 k €-1,7 k €-9,7 k €6 k €-9,2 k €-4,5 k €4,7 k €-3,1 k €4,8 k €-7,7 k €-5,7 k €4,7 k €-5,5 k €-8,7 k €4 k €7 k €1,3 k €
Balance sheet
Equity12,9 k €-7,2 k €-7,3 k €-8,4 k €1,8 k €3,4 k €13,2 k €7,2 k €16,4 k €20,9 k €16,2 k €19,2 k €14,5 k €22,2 k €16,8 k €12,1 k €17,6 k €26,2 k €22,2 k €15,2 k €
Total assets50,3 k €14 k €14,1 k €10,6 k €57,5 k €26 k €30,9 k €29,1 k €26,1 k €41,9 k €35,1 k €37 k €33,1 k €43,4 k €27,6 k €26 k €23,1 k €36,7 k €27,8 k €28,7 k €
Cash23,1 k €9,3 k €10,5 k €4,8 k €8,8 k €668 €4,9 k €1,4 k €3,6 k €10 k €4,8 k €6,6 k €9,8 k €2,6 k €2,2 k €2,1 k €2,5 k €5,2 k €4,1 k €2,4 k €
Debts37,4 k €21,2 k €21,4 k €19 k €55,7 k €22,6 k €17,7 k €21,9 k €9,8 k €21 k €18,9 k €17,7 k €18,6 k €21,2 k €10,8 k €13,9 k €5,6 k €10,5 k €5,6 k €13,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Aquila

Mandate · 0700.188.758

Represented by Bernard Liégeois

Active
NOALIA

Mandate · 1027.610.872

Represented by Younes Harakat

Active

Ended mandates

Bernard LIEGEOIS

Mandate

Ended
Bernard Liégeois

Manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/06/202601/08/202530/08/202415/08/202321/08/202226/07/2021
General meeting26/05/202619/05/202520/05/202415/05/202330/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/05/202626/06/2026FrenchPDF
Micro model31/12/202419/05/202501/08/2025FrenchPDF
Micro model31/12/202320/05/202430/08/2024FrenchPDF
Micro model31/12/202215/05/202315/08/2023FrenchPDF
Micro model31/12/202130/05/202221/08/2022FrenchPDF
Micro model31/12/202031/05/202126/07/2021FrenchPDF
Micro model31/12/201929/09/202028/10/2020FrenchPDF
Micro model31/12/201827/05/201929/08/2019FrenchPDF
Micro model31/12/201728/05/201831/08/2018FrenchPDF
Micro model31/12/201629/05/201724/08/2017FrenchPDF
Abridged model31/12/201530/05/201614/07/2016FrenchPDF
Abridged model31/12/201425/05/201527/08/2015FrenchPDF
Abridged model31/12/201326/05/201420/08/2014FrenchPDF
Abridged model31/12/201227/05/201327/08/2013FrenchPDF
Abridged model31/12/201128/05/201223/07/2012FrenchPDF
Abridged model31/12/201023/05/201122/06/2011FrenchPDF
Abridged model31/12/200931/05/201005/07/2010FrenchPDF
Abridged model31/12/200825/05/200926/06/2009FrenchPDF
Abridged model31/12/200726/05/200830/06/2008FrenchPDF
Abridged model31/12/200628/05/200723/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Aquila

Mandate · 0700.188.758

Represented by Bernard Liégeois

Active
NOALIA

Mandate · 1027.610.872

Represented by Younes Harakat

Active

Ended mandates

Bernard LIEGEOIS

Mandate

Ended
Bernard Liégeois

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/02/2026
    Nominations - Démission
    PDF
  • Mandates18/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/09/2019
    SIEGE SOCIAL
    PDF
  • Other16/05/2017
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares13/07/2005
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202520,2 k €
  2. 2024
    Annual accounts 202449,2 €
  3. 2023
    Annual accounts 20231,1 k €
  4. 2022
    Annual accounts 2022-10,1 k €
  5. 2021
    Annual accounts 2021-1,7 k €
  6. 2020
    Annual accounts 2020-9,7 k €
  7. 2019
    Annual accounts 20196 k €
  8. 2018
    Annual accounts 2018-9,2 k €
  9. 2017
    Annual accounts 2017-4,5 k €
  10. 2016
    Annual accounts 20164,7 k €
  11. 2015
    Annual accounts 2015-3,1 k €
  12. 2014
    Annual accounts 20144,8 k €
  13. 2013
    Annual accounts 2013-7,7 k €
  14. 2012
    Annual accounts 2012-5,7 k €
  15. 2011
    Annual accounts 20114,7 k €
  16. 2010
    Annual accounts 2010-5,5 k €
  17. 2009
    Annual accounts 2009-8,7 k €
  18. 2008
    Annual accounts 20084 k €
  19. 2007
    Annual accounts 20077 k €
  20. 2006
    Annual accounts 20061,3 k €
  21. 26/02/1997
    IncorporationPrivate limited company