ACTIVE

NERM

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

14,7 k €

+119.0% YoY

Gross margin

20,4 k €

+259.4% YoY

Equity

-108,6 k €

+11.9% YoY

What does NERM do?

NERM is a Public limited company incorporated in 1979. Its main activity is: Construction of buildings. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.156.202

Incorporation

22/02/1979

Legal form

Public limited company

Registered office

Rue du Congrès 35
1000 Bruxelles · BruxellesSee on map

Contributed capital

648 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 74142Specialised design activities 41002Construction of buildings 41003Construction of buildings 41202Construction of residential and non-residential buildings+10

Contacts

4 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	20,4 k €	+259%	5,7 k €	-92.1%	72,1 k €	+3853%	1,8 k €	-84.1%	11,5 k €	+48.7%	7,7 k €	+117%	-44,9 k €	-432%	-8,4 k €	-244%	5,8 k €	-10.0%	6,5 k €	+91.1%	3,4 k €	+195%	-3,6 k €	+21.8%	-4,6 k €	+63.6%	-12,6 k €	+2.9%	-13 k €	-77.2%	-7,3 k €
EBITDA	18 k €	+693%	2,3 k €	-96.9%	72,1 k €	+5330%	1,3 k €	-85.7%	9,3 k €	+124%	4,2 k €	+109%	-45,5 k €	-334%	-10,5 k €	-443%	3,1 k €	-33.5%	4,6 k €	+223%	1,4 k €	+124%	-5,8 k €	+8.4%	-6,3 k €	+55.8%	-14,3 k €	+2.5%	-14,7 k €	-52.3%	-9,7 k €
Operating result	18 k €	+125%	-72,7 k €	-2413%	-2,9 k €	+96.3%	-77,9 k €	-15.0%	-67,7 k €	+7.9%	-73,5 k €	+40.3%	-123,2 k €	-37.9%	-89,3 k €	-263%	-24,6 k €	-7.4%	-22,9 k €	+13.2%	-26,4 k €	+22.0%	-33,9 k €	+7.6%	-36,7 k €	+24.9%	-48,9 k €	+0.4%	-49,1 k €	-12.1%	-43,8 k €
Net result	14,7 k €	+119%	-77,3 k €	-273%	-20,7 k €	+75.9%	-86 k €	-14.1%	-75,4 k €	+8.1%	-82 k €	+36.1%	-128,4 k €	-24.0%	-103,6 k €	-175%	-37,7 k €	+1.3%	-38,2 k €	+11.1%	-43 k €	+4.4%	-45 k €	+22.5%	-58 k €	+18.6%	-71,3 k €	-5.0%	-67,9 k €	+8.3%	-74 k €
Balance sheet
Equity	-108,6 k €	+11.9%	-123,3 k €	-168%	-46 k €	-82.0%	-25,3 k €	-117%	146,3 k €	-34.0%	221,7 k €	-27.0%	303,7 k €	-29.7%	432,1 k €	+168%	-634,5 k €	-6.3%	-596,8 k €	-6.8%	-558,6 k €	-8.3%	-515,6 k €	-9.6%	-470,6 k €	-14.1%	-412,6 k €	-20.9%	-341,4 k €	-24.8%	-273,5 k €
Total assets	17,5 k €	-41.5%	30 k €	-60.6%	76,1 k €	-49.6%	151,1 k €	-51.0%	308,6 k €	-24.8%	410,4 k €	-15.0%	482,9 k €	-21.9%	618,2 k €	+1571%	37 k €	-40.2%	61,9 k €	-37.4%	98,8 k €	-27.1%	135,6 k €	-22.2%	174,2 k €	-12.4%	198,9 k €	-23.4%	259,5 k €	-5.5%	274,5 k €
Cash	6,1 k €	+4393%	136,1 €	+11.8%	121,7 €		–		22,6 €	-98.5%	1,5 k €	-78.9%	7 k €	-35.1%	10,9 k €	+2180%	476 €	+6.5%	446,9 €		–		13 €		–		–		223 €	-87.3%	1,8 k €
Debts	126,1 k €	-17.7%	153,3 k €	+26.2%	121,5 k €	-30.9%	175,7 k €	+8.6%	161,8 k €	-14.0%	188,2 k €	+5.0%	179,2 k €	-3.7%	186,1 k €	-72.2%	670,2 k €	+1.9%	657,4 k €	+0.6%	653,5 k €	+0.6%	649,8 k €	+0.8%	644,6 k €	+6.1%	607,4 k €	+1.8%	597 k €	+9.3%	546,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 11 ended

Active mandates

Kathleen Valcke

Director

Active

PATRICK VYVEY

Director

Active

Ended mandates

Elodie Vyvey

Director · since 10 mars 2021 · until 12 mars 2025

Ended

Kathleen Valcke

Director · since 10 mars 2021 · until 12 mars 2025

Ended

Elodie Vyvey

Director · since 27 janvier 2016 · until 09 mars 2021

Ended

Elodie Vyvey

Director · since 27 janvier 2016 · until 10 mars 2021

Ended

At this address

Other companies at this address

Company	CBE no.
168 Million België● Active	0745.460.341
ABU INTERNATIONAL● Active	0686.921.336
ACTUA-TV● Active	0859.875.603
ADRIAN MANAGEMENT● Active	0758.476.454
AI TOGETHER● Active	0772.557.191
Ai Tory Global● Active	1029.065.080
AJR Advisory Brussels● Active	0713.441.235
Ambris Europe● Active	0747.663.627
ANGLE AGENCY● Bankrupt	0736.761.619
Arcoa● Active	0787.802.029
Arkhimedes Innovation● Active	1024.326.334
ASSOCIATION OF ELECTRONIC TOLL AND INTEROPERABLE SERVICES● Active	0842.030.769
association of european refrigeration component manufacturers● Active	0448.126.835
BATI BELGIUM GROUP● Active	0804.166.523
Beck Industries International● Active	0871.159.473
BELGIAN CO-OPERATIVE TRADERS● Bankrupt	0880.551.548
BELGIAN-VIETNAMESE ALLIANCE/LIÊN MINH BI-VIÊT● Active	0835.029.151
BELGISCHE VERENIGING VAN INCASSO-ONDERNEMINGEN - ASSOCIATION BELGE DES SOCIETES DE RECOUVREMENT DE CREANCES● Active	0451.264.388
Belglas● Active	0533.973.716
BENCH SYSTEM● Active	0500.851.778

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2019	01/10/2018
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	28/04/2025	01/05/2024	20/07/2023	25/03/2021	06/05/2020
General meeting	11/03/2026	12/03/2025	13/03/2024	08/03/2023	10/03/2021	10/03/2020
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 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	11/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	12/03/2025	28/04/2025	Dutch	PDF
Abridged model	30/09/2023	13/03/2024	01/05/2024	Dutch	PDF
Abridged model	30/09/2022	08/03/2023	20/07/2023	Dutch	PDF
Micro model	30/09/2020	10/03/2021	25/03/2021	Dutch	PDF
Abridged model	30/09/2019	10/03/2020	06/05/2020	Dutch	PDF
Abridged model	30/09/2018	13/03/2019	08/04/2019	Dutch	PDF
Abridged model	30/09/2017	14/03/2018	14/05/2018	Dutch	PDF
Abridged model	30/09/2014	11/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	30/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	13/03/2013	06/01/2014	Dutch	PDF
Abridged model	30/09/2011	14/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	09/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	10/03/2010	04/05/2010	Dutch	PDF
Abridged model	30/09/2008	11/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	12/03/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	15/12/2006	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 2 active · 11 ended

Active mandates

Kathleen Valcke

Director

Active

PATRICK VYVEY

Director

Active

Ended mandates

Elodie Vyvey

Director · since 10 mars 2021 · until 12 mars 2025

Ended

Kathleen Valcke

Director · since 10 mars 2021 · until 12 mars 2025

Ended

Elodie Vyvey

Director · since 27 janvier 2016 · until 09 mars 2021

Ended

Elodie Vyvey

Director · since 27 janvier 2016 · until 10 mars 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/09/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2016
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/12/2015
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2003
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 202514,7 k €↑
2024
Annual accounts 2024-77,3 k €↓
2023
Annual accounts 2023-20,7 k €↑
2022
Annual accounts 2022-86 k €↓
2020
Annual accounts 2020-75,4 k €↑
2019
Annual accounts 2019-82 k €↑
2018
Annual accounts 2018-128,4 k €↓
2017
Annual accounts 2017-103,6 k €↓
2014
Annual accounts 2014-37,7 k €↑
2013
Annual accounts 2013-38,2 k €↑
2012
Annual accounts 2012-43 k €↑
2011
Annual accounts 2011-45 k €↑
2010
Annual accounts 2010-58 k €↑
2009
Annual accounts 2009-71,3 k €↓
2008
Annual accounts 2008-67,9 k €↑
2007
Annual accounts 2007-74 k €
22/02/1979
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

NERM

Overview

What does NERM do?

Trend over 16 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