ACTIVE

MERCER (BELGIUM)

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Financial year 2025 · Closed on 31/12/2025

Net result4,1 M €+50,6 %over 1 year

Revenue16,6 M €-7,7 %over 1 year

Equity1,5 M €-22,6 %over 1 year

Workforce44,3 ETP-5,5 %over 1 year

Identity

Source · BCE/KBO

MERCER (BELGIUM) is a Public limited company incorporated in 1975. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Auderghem. It employs on average 44,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0414.908.194
Incorporation: 09/06/1975
Legal form: Public limited company
Registered office: Avenue Herrmann-Debroux 2
1160 Auderghem · BruxellesSee on map
Contributed capital: 608 842,93 €
Latest accounts: 31/12/2025
Average workforce: 44,3 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	16,6 M €	-7.7%	18 M €	+6.0%	17 M €	-6.4%	18,1 M €	+5.8%	17,1 M €
EBITDA	5 M €	+23.3%	4 M €	+0.9%	4 M €	-30.9%	5,8 M €	+3.9%	5,6 M €
Operating result	5,1 M €	+33.0%	3,9 M €	-1.9%	3,9 M €	-30.8%	5,7 M €	+3.8%	5,5 M €
Net result	4,1 M €	+50.6%	2,7 M €	-11.9%	3,1 M €	-24.6%	4,1 M €	+4.6%	3,9 M €
Balance sheet
Equity	1,5 M €	-22.6%	1,9 M €	-37.0%	3 M €	-37.6%	4,9 M €	+499%	815 k €
Total assets	14 M €	+20.7%	11,6 M €	-24.9%	15,4 M €	-12.3%	17,6 M €	+4.5%	16,8 M €
Cash	–		–		–		–		10,9 M €
Debts	11 M €	+37.0%	8,1 M €	-27.1%	11,1 M €	-1.7%	11,3 M €	-24.0%	14,8 M €
Other
Workforce	44,3 ETP	-5.5%	46,9 ETP	+0.4%	46,7 ETP	+3.5%	45,1 ETP	-3.0%	46,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 35 ended

Active mandates

Kristof DE BREMME

Director · since 16 septembre 2024 · until 09 juin 2031

Active

Jean-François TONDREAU

Director · since 05 juillet 2022 · until 12 juin 2028

Active

Ended mandates

Jean-François TONDREAU

Director · since 05 juillet 2022 · until 05 juillet 2028

Ended

Edo VELLENGA

Director · since 12 janvier 2022 · until 14 juin 2027

Ended

Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises

Registered auditor · since 03 décembre 2020 · until 10 juin 2024 · 0429.053.863

Represented by Yves DEHOGNE

Ended

Rebecca TIELEMANS

Director · since 03 décembre 2020 · until 16 septembre 2024

Ended

Other companies at this address

Avenue Herrmann-Debroux 2 1160 Auderghem

Company	CBE no.
Leexi● Active	0782.527.110
MARSH● Active	0403.276.906
MARSH EUROPE● Active	0456.421.226
Marsh Re (Belgium)● Active	0421.850.327
Oliver Wyman● Active	0645.633.285

Full financial information

Source · NBB

	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	29/07/2026	07/07/2025	19/07/2024	31/07/2023	23/03/2023	26/01/2022
General meeting	10/07/2026	30/06/2025	12/07/2024	28/07/2023	24/02/2023	24/01/2022
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/07/2026	29/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	12/07/2024	19/07/2024	French	PDF
Full model	31/12/2022	28/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	24/02/2023	23/03/2023	Dutch	PDF
Full model	31/12/2020	24/01/2022	26/01/2022	Dutch	PDF
Full model	31/12/2019	02/12/2020	03/12/2020	Dutch	PDF
Full model	31/12/2018	25/11/2019	09/12/2019	Dutch	PDF
Full model	31/12/2017	26/09/2018	17/10/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	04/07/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	19/07/2013	22/07/2013	Dutch	PDF
Full model	31/12/2011	10/09/2012	18/09/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	14/06/2010	16/06/2010	Dutch	PDF
Full model	31/12/2008	17/07/2009	24/07/2009	Dutch	PDF
Full model	31/12/2007	30/12/2008	26/01/2009	Dutch	PDF
Full model	31/12/2006	11/06/2007	18/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 35 ended

Active mandates

Kristof DE BREMME

Director · since 16 septembre 2024 · until 09 juin 2031

Active

Jean-François TONDREAU

Director · since 05 juillet 2022 · until 12 juin 2028

Active

Ended mandates

Jean-François TONDREAU

Director · since 05 juillet 2022 · until 05 juillet 2028

Ended

Edo VELLENGA

Director · since 12 janvier 2022 · until 14 juin 2027

Ended

Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises

Registered auditor · since 03 décembre 2020 · until 10 juin 2024 · 0429.053.863

Represented by Yves DEHOGNE

Ended

Rebecca TIELEMANS

Director · since 03 décembre 2020 · until 16 septembre 2024

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
DEMISSIONS, NOMINATIONS
PDF
Other20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates31/03/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20254,1 M €↑
2024
Annual accounts 20242,7 M €↓
2023
Annual accounts 20233,1 M €↓
2022
Annual accounts 20224,1 M €↑
2021
Annual accounts 20213,9 M €↑
2018
Annual accounts 20182,9 M €↓
2017
Annual accounts 20173 M €↑
2016
Annual accounts 20162,6 M €↑
2015
Annual accounts 20152,1 M €↑
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 2012-592 k €↓
2011
Annual accounts 2011905,2 k €↑
2010
Annual accounts 2010387,3 k €↓
2009
Annual accounts 2009815 k €↑
2008
Annual accounts 200831,8 k €↓
2007
Annual accounts 2007690,6 k €↓
2007
Name changeMercer (Belgium)
2006
Annual accounts 20061,4 M €
2006
Name changeMERCER HUMAN RESOURCE CONSULTING
09/06/1975
IncorporationPublic limited company

MERCER (BELGIUM)

Overview

Identity

Financials

Valuation

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

Timeline