ACTIVE

Meyvaert

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Financial year 2025 · closed on 31/12/2025

Net result

395,8 k €

-84.4% YoY

Revenue

22 M €

+199.7% YoY

Equity

5,5 M €

+7.7% YoY

Workforce

41,1 ETP

+10.5% YoY

What does Meyvaert do?

Meyvaert is a Public limited company incorporated in 1968. Its main activity is: Shaping and processing of flat glass. Its registered office is in Gent. It employs on average 41,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.098.274

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Zeilschipstraat 9
9000 Gent · FlandreSee on map

Contributed capital

1 690 000,00 €

Latest accounts

31/12/2025

Average workforce

41,1 ETP

Activities (NACE)

23120Shaping and processing of flat glass· main 23120Shaping and processing of flat glass 26120Manufacture of loaded electronic boards 43320Joinery installation

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	22 M €	+200%	7,3 M €	-60.5%	18,6 M €	-19.6%	23,1 M €	-4.4%	24,2 M €	+65.8%	14,6 M €	-5.2%	15,4 M €	-25.0%	20,5 M €	-43.8%	36,4 M €	+238%	10,8 M €	-33.4%	16,2 M €	+40.6%	11,5 M €	-32.2%	17 M €	-17.8%	20,7 M €	+27.2%	16,2 M €	-15.6%	19,2 M €	-24.6%	25,5 M €	+64.3%	15,5 M €	+0.9%	15,4 M €
EBITDA	1 M €	-66.9%	3 M €	+97.6%	1,5 M €	-16.9%	1,8 M €	+5.9%	1,7 M €	+105%	849,6 k €	-7.8%	921,8 k €	+12.3%	820,5 k €	+76.7%	464,3 k €	+65.3%	280,8 k €	+244%	81,6 k €	-17.4%	98,7 k €	+107%	-1,5 M €	-1225%	129,8 k €	-54.8%	287,5 k €	-48.4%	557,4 k €	+311%	135,7 k €	+866%	-17,7 k €	-105%	382 k €
Operating result	805,8 k €	-71.7%	2,8 M €	+214%	905,1 k €	-59.6%	2,2 M €	+72.9%	1,3 M €	+169%	482,4 k €	-29.5%	684,8 k €	+54.4%	443,6 k €	-17.7%	539,1 k €	+395%	108,9 k €	-57.1%	253,6 k €	+132%	-796,5 k €	+52.3%	-1,7 M €	-5532%	-29,6 k €	-119%	154,2 k €	-45.3%	282,1 k €	+1873%	-15,9 k €	+86.1%	-114,6 k €	-161%	186,9 k €
Net result	395,8 k €	-84.4%	2,5 M €	+120%	1,2 M €	-54.3%	2,5 M €	+80.4%	1,4 M €	+176%	507,7 k €	-38.2%	822 k €	+216%	260 k €	+268%	70,7 k €	+61.3%	43,8 k €	-18.7%	53,9 k €	+105%	-1,1 M €	+42.4%	-2 M €	-1333%	-136,4 k €	-545%	30,7 k €	+449%	-8,8 k €	+92.6%	-118,4 k €	-196%	123,8 k €	+43.1%	86,5 k €
Balance sheet
Equity	5,5 M €	+7.7%	5,1 M €	+44.9%	3,5 M €	-1.3%	3,6 M €	-4.7%	3,8 M €	+1.3%	3,7 M €	+15.9%	3,2 M €	+264%	880,7 k €	+41.9%	620,7 k €	+265%	170 k €	+34.7%	126,2 k €	+74.6%	72,3 k €	-63.6%	198,7 k €	-90.8%	2,2 M €	-6.0%	2,3 M €	-5.9%	2,4 M €	-0.4%	2,4 M €	-4.6%	2,6 M €	+1.7%	2,5 M €
Total assets	13,2 M €	-7.8%	14,3 M €	+23.9%	11,5 M €	-18.5%	14,1 M €	+16.5%	12,1 M €	-16.1%	14,5 M €	+4.9%	13,8 M €	+26.4%	10,9 M €	-13.4%	12,6 M €	+1.5%	12,4 M €	+31.6%	9,4 M €	+39.9%	6,7 M €	-54.0%	14,7 M €	+23.3%	11,9 M €	-8.9%	13 M €	+18.6%	11 M €	-15.6%	13 M €	+2.0%	12,8 M €	+32.5%	9,6 M €
Cash	88,4 k €	-76.8%	381,1 k €	+1931%	18,8 k €	-75.3%	76 k €	-51.9%	157,9 k €	-41.7%	270,8 k €	+473%	47,2 k €	+163%	18 k €	-50.2%	36,1 k €	-39.6%	59,8 k €	-92.5%	798,8 k €	+16.6%	685,1 k €	+12.6%	608,6 k €	-61.2%	1,6 M €	-29.8%	2,2 M €	+292%	570,8 k €	-65.3%	1,6 M €	+18.5%	1,4 M €	+20.5%	1,2 M €
Debts	7,6 M €	-15.8%	9 M €	+14.1%	7,9 M €	-22.6%	10,2 M €	+25.3%	8,2 M €	-23.4%	10,7 M €	+3.1%	10,3 M €	+7.6%	9,6 M €	-15.5%	11,4 M €	-5.6%	12 M €	+33.4%	9 M €	+36.6%	6,6 M €	-53.0%	14 M €	+49.5%	9,4 M €	-8.1%	10,2 M €	+23.8%	8,3 M €	-18.9%	10,2 M €	+2.5%	9,9 M €	+42.6%	7 M €
Other
Workforce	41,1 ETP	+10.5%	37,2 ETP	+14.1%	32,6 ETP	+1.9%	32,0 ETP	-35.1%	49,3 ETP	-15.3%	58,2 ETP	+3.2%	56,4 ETP	-2.1%	57,6 ETP	-5.0%	60,6 ETP	-6.3%	64,7 ETP	+11.0%	58,3 ETP	+17.3%	49,7 ETP	-2.0%	50,7 ETP	-2.9%	52,2 ETP	+7.6%	48,5 ETP	-15.4%	57,3 ETP	-11.4%	64,7 ETP	-0.2%	64,8 ETP	-4.4%	67,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 33 ended

Active mandates

HAERENS GROUP

Director · since 29 novembre 2023 · until 11 juin 2030 · 0475.889.423

Represented by Steven De Tollenaere

Active

Ended mandates

Carole Machelart

Managing director · since 13 juillet 2020 · until 29 novembre 2023

Ended

Carole Machelart

Managing director · since 13 juillet 2020 · until 09 juin 2026

Ended

Carole Machelart

Managing director · since 30 juin 2020 · until 09 juin 2026

Ended

HAERENS GLASS

Managing director · since 28 juin 2019 · until 30 juin 2020 · 0443.722.837

Represented by Carole Machelart

Ended

At this address

Other companies at this address

Company	CBE no.
CHARLES HAERENS● Active	0400.089.465
Eribel Project● Active	0822.092.816
ERIBEL SOLID● Active	0765.664.055
HAERENS GLASS● Active	0443.722.837
HAERENS GROUP● Active	0475.889.423
Immo Rijkevorsel● Active	1021.147.704
Immo Wondelgemse Meersen● Active	0728.597.385
NOORDLEASE● Active	0884.693.349

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	24/06/2025	12/07/2024	14/06/2023	21/06/2022	10/06/2021
General meeting	25/06/2026	23/06/2025	11/07/2024	13/06/2023	14/06/2022	08/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	23/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	11/07/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	13/06/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	14/06/2022	21/06/2022	Dutch	PDF
Full model	31/12/2020	08/06/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	23/06/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	05/07/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	15/06/2017	Dutch	PDF
Full model	31/12/2015	12/05/2016	12/05/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	01/09/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	15/06/2009	28/09/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	08/07/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

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 · 1 active · 33 ended

Active mandates

HAERENS GROUP

Director · since 29 novembre 2023 · until 11 juin 2030 · 0475.889.423

Represented by Steven De Tollenaere

Active

Ended mandates

Carole Machelart

Managing director · since 13 juillet 2020 · until 29 novembre 2023

Ended

Carole Machelart

Managing director · since 13 juillet 2020 · until 09 juin 2026

Ended

Carole Machelart

Managing director · since 30 juin 2020 · until 09 juin 2026

Ended

HAERENS GLASS

Managing director · since 28 juin 2019 · until 30 juin 2020 · 0443.722.837

Represented by Carole Machelart

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Benoeming commissaris
PDF
Mandates02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other06/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates05/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/01/2020
KAPITAAL - AANDELEN
PDF
Mandates11/09/2019
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025395,8 k €↓
2024
Annual accounts 20242,5 M €↑
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20211,4 M €↑
2021
Name changeMeyvaert
2020
Annual accounts 2020507,7 k €↓
2019
Annual accounts 2019822 k €↑
2018
Annual accounts 2018260 k €↑
2017
Annual accounts 201770,7 k €↑
2016
Annual accounts 201643,8 k €↓
2015
Annual accounts 201553,9 k €↑
2014
Annual accounts 2014-1,1 M €↑
2013
Annual accounts 2013-2 M €↓
2012
Annual accounts 2012-136,4 k €↓
2011
Annual accounts 201130,7 k €↑
2010
Annual accounts 2010-8,8 k €↑
2009
Annual accounts 2009-118,4 k €↓
2008
Annual accounts 2008123,8 k €↑
2007
Annual accounts 200786,5 k €
2007
Name changeMEYVAERT GLASS ENGINEERING
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Meyvaert

Overview

What does Meyvaert do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline