ACTIVE

TH. MEURER

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

-52.6% YoY

Revenue

41,2 M €

-1.1% YoY

Equity

25,2 M €

+4.0% YoY

Workforce

42,7 ETP

-3.0% YoY

What does TH. MEURER do?

TH. MEURER is a Public limited company incorporated in 1968. Its registered office is in Sankt Vith. It employs on average 42,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.843.842

Incorporation

01/03/1968

Legal form

Public limited company

Registered office

Aachener Strasse 26
4780 Sankt Vith · WallonieSee on map

Contributed capital

1 013 500,00 €

Latest accounts

31/12/2025

Average workforce

42,7 ETP

Joint committees (5)

100
149
14904
200
218

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		2011		2010		2009		2008		2007		2006
Income statement
Revenue	41,2 M €	-1.1%	41,6 M €	-5.3%	43,9 M €	-3.3%	45,4 M €	+11.1%	40,9 M €	+21.1%	33,8 M €	+2.8%	32,9 M €	+3.8%	31,7 M €	+6.4%	29,8 M €	+4.5%	28,5 M €	+6.0%	26,9 M €	-7.0%	28,9 M €	+1.4%	28,5 M €	-0.8%	28,7 M €	+6.7%	26,9 M €	+4.0%	25,9 M €	+2.4%	25,3 M €	+11.3%	22,7 M €	+9.5%	20,7 M €
EBITDA	2 M €	-40.6%	3,3 M €	-10.5%	3,7 M €	-20.1%	4,7 M €	+40.9%	3,3 M €	+28.9%	2,6 M €	+16.8%	2,2 M €	+6.8%	2,1 M €	+31.2%	1,6 M €	+2.2%	1,5 M €	-14.6%	1,8 M €	+25.7%	1,4 M €	-12.0%	1,6 M €	-31.0%	2,3 M €	+7.8%	2,2 M €	+16.0%	1,9 M €	+17.2%	1,6 M €	+32.4%	1,2 M €	+69.5%	713,7 k €
Operating result	1,1 M €	-57.5%	2,5 M €	-21.8%	3,2 M €	-23.6%	4,2 M €	+51.3%	2,8 M €	+52.2%	1,8 M €	+16.0%	1,6 M €	-1.2%	1,6 M €	+37.8%	1,1 M €	-1.2%	1,2 M €	-3.6%	1,2 M €	+45.3%	828,2 k €	-24.5%	1,1 M €	-44.3%	2 M €	+10.8%	1,8 M €	+19.3%	1,5 M €	+24.2%	1,2 M €	+23.0%	975,9 k €	+94.7%	501,3 k €
Net result	1,4 M €	-52.6%	2,9 M €	-15.7%	3,4 M €	-17.0%	4,1 M €	+43.4%	2,9 M €	+35.8%	2,1 M €	+30.7%	1,6 M €	+3.5%	1,6 M €	+32.0%	1,2 M €	+0.5%	1,2 M €	-1.1%	1,2 M €	+21.7%	977,2 k €	-12.4%	1,1 M €	-41.2%	1,9 M €	+13.6%	1,7 M €	+8.3%	1,5 M €	+20.6%	1,3 M €	+27.1%	1 M €	+67.7%	599,5 k €
Balance sheet
Equity	25,2 M €	+4.0%	24,3 M €	+6.2%	22,9 M €	+7.8%	21,2 M €	+10.2%	19,2 M €	+10.7%	17,4 M €	+9.9%	15,8 M €	+7.6%	14,7 M €	+7.8%	13,6 M €	+6.9%	12,8 M €	+7.3%	11,9 M €	+7.1%	11,1 M €	+6.5%	10,4 M €	+19.9%	8,7 M €	+19.7%	7,3 M €	+32.7%	5,5 M €	+23.4%	4,4 M €	+24.6%	3,6 M €	+27.3%	2,8 M €
Total assets	26,3 M €	-0.6%	26,5 M €	+3.3%	25,6 M €	+6.8%	24 M €	+11.9%	21,5 M €	+11.7%	19,2 M €	+9.0%	17,6 M €	+5.5%	16,7 M €	+4.0%	16,1 M €	+8.4%	14,8 M €	+5.5%	14 M €	+4.5%	13,4 M €	+4.7%	12,8 M €	+4.3%	12,3 M €	+18.8%	10,4 M €	+19.1%	8,7 M €	+24.0%	7 M €	+17.3%	6 M €	+8.9%	5,5 M €
Cash	10,1 M €	+0.8%	10 M €	+21.8%	8,2 M €	-9.5%	9,1 M €	+24.0%	7,3 M €	+23.8%	5,9 M €	+31.0%	4,5 M €	+12.1%	4 M €	+12.8%	3,6 M €	+11.6%	3,2 M €	-30.4%	4,6 M €	+7.8%	4,3 M €	+24.9%	3,4 M €	+32.9%	2,6 M €	+21.4%	2,1 M €	+80.3%	1,2 M €	+466%	207,9 k €	+21.0%	171,8 k €	+261%	47,6 k €
Debts	1,1 M €	-51.0%	2,2 M €	-19.6%	2,8 M €	-0.8%	2,8 M €	+26.4%	2,2 M €	+21.3%	1,8 M €	+1.8%	1,8 M €	-9.7%	2 M €	-16.9%	2,4 M €	+17.3%	2,1 M €	-4.9%	2,2 M €	-7.7%	2,3 M €	-2.7%	2,4 M €	-33.2%	3,6 M €	+16.9%	3,1 M €	-4.1%	3,2 M €	+25.2%	2,6 M €	+6.5%	2,4 M €	-10.2%	2,7 M €
Other
Workforce	42,7 ETP	-3.0%	44,0 ETP	-3.1%	45,4 ETP	-1.5%	46,1 ETP	-2.3%	47,2 ETP	+1.5%	46,5 ETP	+5.2%	44,2 ETP	-0.2%	44,3 ETP	-2.0%	45,2 ETP	-1.1%	45,7 ETP	+0.9%	45,3 ETP	+0.4%	45,1 ETP	0.0%	45,1 ETP	-2.8%	46,4 ETP	-2.1%	47,4 ETP	+1.3%	46,8 ETP	+2.0%	45,9 ETP	-6.3%	49,0 ETP	-5.4%	51,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

MEUREGA

Managing director · since 11 février 2022 · until 24 juin 2027 · 0769.426.170

Represented by Gabrielle MEURER

Active

MEVERWA

Chairman of the board of directors · since 02 mai 2016 · until 24 juin 2027 · 0443.810.632

Represented by Curt MEURER

Active

Ended mandates

MEUREGA

Director · since 11 février 2022 · until 24 juin 2027 · 0769.426.170

Represented by Gabrielle MEURER

Ended

Curt MEURER

Managing director · since 02 mai 2016 · until 11 février 2022

Ended

Curt MEURER

Managing director · since 02 mai 2016 · until 02 mai 2022

Ended

Erich MEURER

Chairman of the board of directors · since 02 mai 2016 · until 02 mai 2022

Ended

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	30/06/2026	08/07/2025	03/07/2024	13/07/2023	07/07/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/05/2021
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	26/06/2026	30/06/2026	German	PDF
Full model	31/12/2024	27/06/2025	08/07/2025	German	PDF
Full model	31/12/2023	28/06/2024	03/07/2024	German	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	German	PDF
Full model	31/12/2021	24/06/2022	07/07/2022	German	PDF
Full model	31/12/2020	25/05/2021	28/06/2021	German	PDF
Full model	31/12/2019	04/05/2020	07/09/2020	German	PDF
Full model	31/12/2018	06/05/2019	08/07/2019	German	PDF
Full model	31/12/2017	07/05/2018	18/06/2018	German	PDF
Full model	31/12/2016	02/05/2017	08/08/2017	German	PDF
Full model	31/12/2015	02/05/2016	27/07/2016	German	PDF
Full model	31/12/2014	04/05/2015	12/06/2015	German	PDF
Full model	31/12/2013	28/08/2014	29/08/2014	German	PDF
Full model	31/12/2012	06/05/2013	28/08/2013	German	PDF
Full model	31/12/2011	07/05/2012	28/08/2012	German	PDF
Full model	31/12/2010	02/05/2011	27/07/2011	German	PDF
Full model	31/12/2009	03/05/2010	30/07/2010	German	PDF
Full model	31/12/2008	04/05/2009	19/08/2009	German	PDF
Full model	31/12/2007	05/05/2008	04/08/2008	German	PDF
Full model	31/12/2006	07/05/2007	10/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 26 ended

Active mandates

MEUREGA

Managing director · since 11 février 2022 · until 24 juin 2027 · 0769.426.170

Represented by Gabrielle MEURER

Active

MEVERWA

Chairman of the board of directors · since 02 mai 2016 · until 24 juin 2027 · 0443.810.632

Represented by Curt MEURER

Active

Ended mandates

MEUREGA

Director · since 11 février 2022 · until 24 juin 2027 · 0769.426.170

Represented by Gabrielle MEURER

Ended

Curt MEURER

Managing director · since 02 mai 2016 · until 11 février 2022

Ended

Curt MEURER

Managing director · since 02 mai 2016 · until 02 mai 2022

Ended

Erich MEURER

Chairman of the board of directors · since 02 mai 2016 · until 02 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other10/09/2026
Verlängerung des Mandats des Kommissars
PDF
Mandates05/10/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates23/02/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - GESELLSCHAFTSNAME - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG
PDF
Mandates30/06/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates09/11/2017
ENTLASSUNG - ERNENNUNG
PDF
Mandates02/12/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates03/07/2014
ENTLASSUNG - ERNENNUNG
PDF
Mandates25/09/2013
ENTLASSUNG - ERNENNUNG
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 20251,4 M €↓
2024
Annual accounts 20242,9 M €↓
2023
Annual accounts 20233,4 M €↓
2022
Annual accounts 20224,1 M €↑
2021
Annual accounts 20212,9 M €↑
2021
Name changeTH. MEURER
2020
Annual accounts 20202,1 M €↑
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 20161,2 M €↓
2015
Annual accounts 20151,2 M €↑
2014
Annual accounts 2014977,2 k €↓
2013
Annual accounts 20131,1 M €↓
2011
Annual accounts 20111,9 M €↑
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 20091,5 M €↑
2008
Annual accounts 20081,3 M €↑
2007
Annual accounts 20071 M €↑
2006
Annual accounts 2006599,5 k €
2006
Name changeTH. MEURER A.G.
01/03/1968
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

TH. MEURER

Overview

What does TH. MEURER do?

Trend over 19 financial years

Indicative valuation

Board of directors

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