MOERMAN
0418.959.232 · rovalta.com · 21/09/2026
ACTIVE
MOERMAN
Financial year 2025 · closed on 31/12/2025
Net result
247,0 k €
+51.0% YoY
Revenue
11,2 M €
-0.5% YoY
Equity
5,5 M €
+0.5% YoY
Workforce
31,2 ETP
+3.3% YoY
Overview
What does MOERMAN do?
MOERMAN is a Public limited company incorporated in 1978. Its registered office is in Tielt. It employs on average 31,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0418.959.232
Incorporation
14/12/1978
Legal form
Public limited company
Registered office
Schutterijstraat 25
8760 Tielt · FlandreSee on map
8760 Tielt · FlandreSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Average workforce
31,2 ETP
Joint committees (3)
- 111
- 11122
- 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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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 | |||||||||||||||||||||||||||||||||||||||
| Revenue | 11,2 M € | -0.5% | 11,2 M € | -6.2% | 12,0 M € | +0.9% | 11,9 M € | +9.1% | 10,9 M € | +25.7% | 8,7 M € | -5.7% | 9,2 M € | -2.6% | 9,4 M € | -0.2% | 9,5 M € | +12.7% | 8,4 M € | +1.3% | 8,3 M € | +5.8% | 7,8 M € | -6.2% | 8,4 M € | +15.4% | 7,2 M € | -12.4% | 8,3 M € | -3.6% | 8,6 M € | -0.2% | 8,6 M € | -13.4% | 9,9 M € | +13.1% | 8,8 M € | -0.5% | 8,8 M € |
| EBITDA | 1,5 M € | +11.7% | 1,3 M € | -7.1% | 1,4 M € | -49.5% | 2,8 M € | +73.3% | 1,6 M € | +65.0% | 983,4 k € | -37.7% | 1,6 M € | +43.0% | 1,1 M € | +22.4% | 901,3 k € | -9.3% | 993,4 k € | +44.5% | 687,6 k € | +14.2% | 602,2 k € | -2.5% | 617,4 k € | +61.5% | 382,3 k € | -37.7% | 613,7 k € | +30.4% | 470,4 k € | -23.8% | 617,4 k € | -44.5% | 1,1 M € | +34.1% | 829,9 k € | -28.5% | 1,2 M € |
| Operating result | 529,7 k € | +16.5% | 454,6 k € | -31.6% | 665,1 k € | -68.1% | 2,1 M € | +140% | 869,4 k € | +427% | 165,0 k € | -77.4% | 730,4 k € | +125% | 323,9 k € | +90.7% | 169,8 k € | -57.5% | 400,0 k € | +153% | 158,0 k € | +61.3% | 98,0 k € | -34.6% | 149,7 k € | +162% | -240,5 k € | -833% | 32,8 k € | +136% | -91,6 k € | -463% | 25,3 k € | -94.1% | 425,8 k € | +6.8% | 398,7 k € | -38.7% | 650,5 k € |
| Net result | 247,0 k € | +51.0% | 163,6 k € | -53.9% | 354,9 k € | -77.8% | 1,6 M € | +181% | 568,1 k € | +2455% | 22,2 k € | -95.5% | 495,9 k € | +118% | 227,0 k € | +1849% | 11,6 k € | -95.7% | 268,2 k € | -28.3% | 373,9 k € | +137% | -999,2 k € | +70.1% | -3,3 M € | -831% | -358,4 k € | -2123% | -16,1 k € | +50.6% | -32,6 k € | +70.9% | -111,9 k € | -122% | 499,6 k € | +131% | 216,1 k € | -41.3% | 368,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 5,5 M € | +0.5% | 5,5 M € | +1.2% | 5,4 M € | +3.9% | 5,2 M € | -10.1% | 5,8 M € | +9.5% | 5,3 M € | -0.1% | 5,3 M € | +8.3% | 4,9 M € | +4.4% | 4,7 M € | +0.2% | 4,7 M € | +6.1% | 4,4 M € | +9.2% | 4,1 M € | -19.8% | 5,1 M € | +66.3% | 3,0 M € | +21.7% | 2,5 M € | -0.6% | 2,5 M € | -1.3% | 2,5 M € | -4.2% | 2,7 M € | +23.1% | 2,2 M € | +11.1% | 1,9 M € |
| Total assets | 12,8 M € | -3.1% | 13,3 M € | -3.5% | 13,7 M € | +13.1% | 12,1 M € | -4.5% | 12,7 M € | +5.0% | 12,1 M € | -3.7% | 12,6 M € | -4.1% | 13,1 M € | +0.8% | 13,0 M € | +8.0% | 12,1 M € | -5.2% | 12,7 M € | +4.8% | 12,1 M € | -6.6% | 13,0 M € | +24.9% | 10,4 M € | +15.1% | 9,0 M € | +9.2% | 8,3 M € | +5.1% | 7,9 M € | -6.9% | 8,5 M € | +40.9% | 6,0 M € | -3.2% | 6,2 M € |
| Cash | 32,9 k € | -66.5% | 98,3 k € | -63.4% | 268,5 k € | -19.7% | 334,5 k € | +61.3% | 207,4 k € | -34.1% | 314,5 k € | +7.1% | 293,7 k € | +10.8% | 265,0 k € | -13.8% | 307,4 k € | +154% | 121,2 k € | -21.2% | 153,8 k € | -1.6% | 156,3 k € | -28.0% | 217,1 k € | +144% | 89,0 k € | -53.8% | 192,8 k € | +33.7% | 144,2 k € | -50.7% | 292,4 k € | +60.3% | 182,4 k € | -0.6% | 183,5 k € | +53.6% | 119,5 k € |
| Debts | 6,9 M € | -5.8% | 7,3 M € | -5.8% | 7,8 M € | +21.9% | 6,4 M € | -5.6% | 6,8 M € | +1.9% | 6,6 M € | -6.4% | 7,1 M € | -11.5% | 8,0 M € | -1.8% | 8,1 M € | +11.0% | 7,3 M € | -10.5% | 8,2 M € | +1.6% | 8,1 M € | +1.8% | 7,9 M € | +7.9% | 7,3 M € | +12.9% | 6,5 M € | +14.2% | 5,7 M € | +8.6% | 5,3 M € | -6.5% | 5,6 M € | +46.8% | 3,8 M € | -9.8% | 4,2 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 31,2 ETP | +3.3% | 30,2 ETP | +3.1% | 29,3 ETP | +6.2% | 27,6 ETP | -13.7% | 32,0 ETP | +8.8% | 29,4 ETP | +4.3% | 28,2 ETP | -16.6% | 33,8 ETP | +12.3% | 30,1 ETP | +3.8% | 29,0 ETP | +6.2% | 27,3 ETP | -2.8% | 28,1 ETP | +11.1% | 25,3 ETP | -5.9% | 26,9 ETP | -10.9% | 30,2 ETP | -6.2% | 32,2 ETP | -5.3% | 34,0 ETP | -10.5% | 38,0 ETP | 0.0% | 38,0 ETP | -0.3% | 38,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 34 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
VISION FUSED PRODUCTS● Active | 0468.503.466 |
Financials
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 | 31/08/2026 | 25/07/2025 | 13/08/2024 | 08/11/2023 | 31/08/2022 | 31/08/2021 |
| General meeting | 28/08/2026 | 27/06/2025 | 15/07/2024 | 27/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 28/08/2026 | 31/08/2026 | Dutch | |
| Full model | 31/12/2024 | 27/06/2025 | 25/07/2025 | Dutch | |
| Full model | 31/12/2023 | 15/07/2024 | 13/08/2024 | Dutch | |
| Full modelCorrection | 31/12/2022 | 27/06/2023 | 08/11/2023 | Dutch | |
| Full model | 31/12/2022 | 27/06/2023 | 20/07/2023 | Dutch | |
| Full model | 31/12/2021 | 30/06/2022 | 31/08/2022 | Dutch | |
| Full model | 31/12/2020 | 30/06/2021 | 31/08/2021 | Dutch | |
| Full model | 31/12/2019 | 08/09/2020 | 02/10/2020 | Dutch | |
| Full model | 31/12/2018 | 30/06/2019 | 19/07/2019 | Dutch | |
| Full model | 31/12/2017 | 24/04/2018 | 27/07/2018 | Dutch | |
| Full model | 31/12/2016 | 30/06/2017 | 24/07/2017 | Dutch | |
| Full model | 31/12/2015 | 18/07/2016 | 26/08/2016 | Dutch | |
| Full model | 31/12/2014 | 26/06/2015 | 14/07/2015 | Dutch | |
| Full model | 31/12/2013 | 27/06/2014 | 01/07/2014 | Dutch | |
| Full model | 31/12/2012 | 28/06/2013 | 11/07/2013 | Dutch | |
| Full model | 31/12/2011 | 04/07/2012 | 19/07/2012 | Dutch | |
| Full model | 31/12/2010 | 26/04/2011 | 16/07/2011 | Dutch | |
| Full model | 31/12/2009 | 21/06/2010 | 06/07/2010 | Dutch | |
| Full model | 31/12/2008 | 18/06/2009 | 06/07/2009 | Dutch | |
| Full model | 31/12/2007 | 19/06/2008 | 27/06/2008 | Dutch | |
| Full model | 31/12/2006 | 19/06/2007 | 04/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/01/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Mandates20/01/2022ONTSLAGEN - BENOEMINGEN
- Mandates17/11/2020ONTSLAGEN - BENOEMINGEN
- Mandates13/12/2018ONTSLAGEN - BENOEMINGEN
- Mandates04/01/2018ONTSLAGEN - BENOEMINGEN
- Mandates04/01/2016ONTSLAGEN - BENOEMINGEN
- Capital / shares24/04/2015KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates16/12/2014ONTSLAGEN - 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 2025247,0 k €↑
- 2024Annual accounts 2024163,6 k €↓
- 2023Annual accounts 2023354,9 k €↓
- 2022Annual accounts 20221,6 M €↑
- 2021Annual accounts 2021568,1 k €↑
- 2020Annual accounts 202022,2 k €↓
- 2019Annual accounts 2019495,9 k €↑
- 2018Annual accounts 2018227,0 k €↑
- 2017Annual accounts 201711,6 k €↓
- 2016Annual accounts 2016268,2 k €↓
- 2015Annual accounts 2015373,9 k €↑
- 2014Annual accounts 2014-999,2 k €↑
- 2013Annual accounts 2013-3,3 M €↓
- 2012Annual accounts 2012-358,4 k €↓
- 2011Annual accounts 2011-16,1 k €↑
- 2010Annual accounts 2010-32,6 k €↑
- 2009Annual accounts 2009-111,9 k €↓
- 2008Annual accounts 2008499,6 k €↑
- 2007Annual accounts 2007216,1 k €↓
- 2006Annual accounts 2006368,5 k €
- 14/12/1978IncorporationPublic limited company