MERNO IMMO
0400.038.886 · rovalta.com · 22/09/2026
ACTIVE
MERNO IMMO
Financial year 2025 · closed on 31/12/2025
Net result
492,5 k €
-22.9% YoY
Gross margin
961,7 k €
-11.0% YoY
Equity
18,7 M €
+0.1% YoY
Overview
What does MERNO IMMO do?
MERNO IMMO is a Public limited company incorporated in 1951. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0400.038.886
Incorporation
29/10/1951
Legal form
Public limited company
Registered office
Posthofbrug 16
2600 Antwerpen · FlandreSee on map
2600 Antwerpen · FlandreSee on map
Contributed capital
17 142 835,10 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate66199Other activities auxiliary to financial services, except insurance and pension funding66199Other activities auxiliary to financial services, except insurance and pension funding68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 961,7 k € | -11.0% | 1,1 M € | +12.2% | 963,1 k € | +774% | 110,2 k € | +4.1% | 105,8 k € | +44.5% | 73,2 k € | -99.2% | 9,5 M € | +630% | 1,3 M € | -26.0% | 1,8 M € | – | – | – | – | – | – | – | – | – | – | – | |||||||||||
| EBITDA | 904,8 k € | -6.2% | 964,3 k € | +9.8% | 877,8 k € | +884% | 89,2 k € | +3.8% | 85,9 k € | +399% | -28,7 k € | -100% | 9,2 M € | +1106% | 763,5 k € | -44.3% | 1,4 M € | +0.6% | 1,4 M € | +33.4% | 1 M € | -15.9% | 1,2 M € | +17.9% | 1 M € | +1507% | 64,1 k € | +128% | -231,9 k € | -1631% | -13,4 k € | +96.3% | -359,9 k € | -1490% | -22,6 k € | +90.6% | -241,1 k € | -28.6% | -187,5 k € |
| Operating result | 558,8 k € | -9.6% | 618,2 k € | +16.1% | 532,3 k € | +204% | -513,6 k € | -6070% | 8,6 k € | +108% | -110,4 k € | -101% | 9,1 M € | +4569% | 195,4 k € | -75.7% | 802,8 k € | +0.5% | 798,6 k € | +89.8% | 420,8 k € | -36.1% | 658,2 k € | +38.2% | 476,1 k € | +150% | -960,9 k € | -219% | -301,6 k € | -50.2% | -200,7 k € | +61.6% | -523,3 k € | -153% | -207,2 k € | +53.4% | -444,4 k € | -10.6% | -402 k € |
| Net result | 492,5 k € | -22.9% | 638,9 k € | -17.5% | 774,1 k € | +243% | -540,6 k € | -1889% | 30,2 k € | +114% | -214,4 k € | -103% | 6,7 M € | +2107% | 301,7 k € | -56.4% | 691,7 k € | -1.4% | 701,2 k € | +123% | 313,7 k € | -40.9% | 530,9 k € | -25.8% | 716 k € | +174% | -964,2 k € | +6.7% | -1 M € | -279% | 578,4 k € | +25.4% | 461,2 k € | +173% | 168,7 k € | -51.2% | 345,6 k € | +195% | -362,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 18,7 M € | +0.1% | 18,7 M € | +0.2% | 18,7 M € | -22.7% | 24,1 M € | -0.6% | 24,3 M € | +0.1% | 24,2 M € | -0.9% | 24,5 M € | +33.7% | 18,3 M € | -3.4% | 18,9 M € | +3.8% | 18,2 M € | +0.1% | 18,2 M € | +1.8% | 17,9 M € | +3.1% | 17,4 M € | +4.3% | 16,7 M € | -5.5% | 17,6 M € | -5.5% | 18,7 M € | +3.2% | 18,1 M € | +2.6% | 17,6 M € | +1.0% | 17,4 M € | +2.0% | 17,1 M € |
| Total assets | 19,3 M € | -0.9% | 19,4 M € | -22.5% | 25,1 M € | -14.0% | 29,2 M € | +8.6% | 26,9 M € | +0.1% | 26,8 M € | -13.7% | 31,1 M € | +32.5% | 23,5 M € | -1.2% | 23,8 M € | -3.4% | 24,6 M € | -0.4% | 24,7 M € | -1.8% | 25,1 M € | -8.5% | 27,5 M € | +1.8% | 27 M € | +52.0% | 17,8 M € | -5.4% | 18,8 M € | +2.7% | 18,3 M € | -0.8% | 18,4 M € | +0.4% | 18,4 M € | +1.9% | 18 M € |
| Cash | 279,3 k € | -93.9% | 4,6 M € | -53.5% | 9,9 M € | -27.5% | 13,7 M € | -43.9% | 24,3 M € | +0.4% | 24,2 M € | -14.7% | 28,4 M € | +1488% | 1,8 M € | +15.9% | 1,5 M € | -12.3% | 1,8 M € | +29.1% | 1,4 M € | +9.7% | 1,2 M € | -59.9% | 3,1 M € | +133% | 1,3 M € | +170% | 492 k € | +38.3% | 355,8 k € | +28.8% | 276,2 k € | -26.3% | 374,6 k € | -43.5% | 662,5 k € | +11.4% | 594,7 k € |
| Debts | 498,9 k € | -33.4% | 749,1 k € | -88.4% | 6,4 M € | +124% | 2,9 M € | +8902% | 31,9 k € | +15.4% | 27,7 k € | -99.3% | 4,1 M € | -21.4% | 5,2 M € | +7.2% | 4,8 M € | -23.9% | 6,3 M € | -1.9% | 6,5 M € | -10.5% | 7,2 M € | -28.5% | 10,1 M € | -1.5% | 10,3 M € | +17952% | 56,8 k € | +43.8% | 39,5 k € | -13.3% | 45,6 k € | -62.2% | 120,7 k € | +303% | 30 k € | -81.1% | 158,8 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4,0 ETP | -7.0% | 4,3 ETP | -4.4% | 4,5 ETP | +7.1% | 4,2 ETP | -4.5% | 4,4 ETP | -36.2% | 6,9 ETP | ||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 24 ended
Active mandates
Christophe Hamal
ActiveNoël Pauwels
ActiveWim Kinnet
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BALOISE BELGIUM● Active | 0400.048.883 |
B'Cover by Baloise● Active | 0437.008.754 |
Boerhaave● Active | 0667.976.345 |
COBEL FLANDERS● Active | 0471.783.452 |
CREATIVE EATERY● Active | 0476.897.827 |
J. Haenecour & Co● Active | 0404.474.360 |
Mercator Immo● Active | 0894.664.751 |
NOORD STER● Active | 0808.252.597 |
Pacific Real Estate● Active | 0452.651.785 |
POSTSITE AALST A● Active | 0844.402.717 |
POSTSITE AALST B● Active | 0844.403.608 |
POSTSITE AALST PARKING● Active | 0844.404.103 |
Singel Office Antwerpen● Active | 0467.195.055 |
SOUVERAIN 25● Active | 0736.430.730 |
VAC DE MEANDER● Active | 0628.888.216 |
VAN VAEK ZENITH IMMO● Active | 0472.406.232 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 09/06/2026 | 10/06/2025 | 11/06/2024 | 26/04/2023 | 14/12/2022 | 30/04/2021 |
| General meeting | 03/06/2026 | 04/06/2025 | 05/06/2024 | 04/04/2023 | 05/04/2022 | 06/04/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 03/06/2026 | 09/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 04/06/2025 | 10/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 05/06/2024 | 11/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 04/04/2023 | 26/04/2023 | Dutch | |
| Abridged modelCorrection | 31/12/2021 | 05/04/2022 | 14/12/2022 | Dutch | |
| Abridged model | 31/12/2021 | 05/04/2022 | 03/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 06/04/2021 | 30/04/2021 | Dutch | |
| Abridged model | 31/12/2019 | 07/04/2020 | 28/04/2020 | Dutch | |
| Abridged model | 31/12/2018 | 02/04/2019 | 29/04/2019 | Dutch | |
| Abridged model | 31/12/2017 | 03/04/2018 | 04/04/2018 | Dutch | |
| Full model | 31/12/2016 | 04/04/2017 | 18/04/2017 | Dutch | |
| Full model | 31/12/2015 | 05/04/2016 | 11/04/2016 | Dutch | |
| Full model | 31/12/2014 | 07/04/2015 | 27/04/2015 | Dutch | |
| Full model | 31/12/2013 | 01/04/2014 | 24/04/2014 | Dutch | |
| Full model | 31/12/2012 | 02/04/2013 | 16/04/2013 | Dutch | |
| Full model | 31/12/2011 | 28/06/2012 | 05/07/2012 | Dutch | |
| Full model | 31/12/2010 | 05/04/2011 | 27/04/2011 | Dutch | |
| Full model | 31/12/2009 | 06/04/2010 | 22/04/2010 | Dutch | |
| Full model | 31/12/2008 | 07/04/2009 | 27/04/2009 | Dutch | |
| Full model | 31/12/2007 | 01/04/2008 | 06/05/2008 | Dutch | |
| Full modelCorrection | 31/12/2006 | 03/04/2007 | 27/08/2007 | Dutch | |
| Full model | 31/12/2006 | 03/04/2007 | 17/04/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 24 ended
Active mandates
Christophe Hamal
ActiveNoël Pauwels
ActiveWim Kinnet
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates01/08/2025ONTSLAGEN - BENOEMINGEN
- Other05/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
- Capital / shares29/06/2023KAPITAAL - AANDELEN
- Capital / shares29/06/2023KAPITAAL - AANDELEN
- Mandates19/05/2023ONTSLAGEN - BENOEMINGEN
- Mandates23/12/2022ONTSLAGEN - BENOEMINGEN
- Mandates28/04/2022ONTSLAGEN - BENOEMINGEN
- Mandates07/09/2021ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025492,5 k €↓
- 2024Annual accounts 2024638,9 k €↓
- 2023Annual accounts 2023774,1 k €↑
- 2022Annual accounts 2022-540,6 k €↓
- 2021Annual accounts 202130,2 k €↑
- 2020Annual accounts 2020-214,4 k €↓
- 2019Annual accounts 20196,7 M €↑
- 2018Annual accounts 2018301,7 k €↓
- 2017Annual accounts 2017691,7 k €↓
- 2016Annual accounts 2016701,2 k €↑
- 2015Annual accounts 2015313,7 k €↓
- 2014Annual accounts 2014530,9 k €↓
- 2013Annual accounts 2013716 k €↑
- 2012Annual accounts 2012-964,2 k €↑
- 2011Annual accounts 2011-1 M €↓
- 2010Annual accounts 2010578,4 k €↑
- 2009Annual accounts 2009461,2 k €↑
- 2008Annual accounts 2008168,7 k €↓
- 2007Annual accounts 2007345,6 k €↑
- 2006Annual accounts 2006-362,4 k €
- 29/10/1951IncorporationPublic limited company