ACTIVE

SETH MERTENS

Financial year 2025 · Closed on 30/09/2025

Net result8,9 k €+241,9 %over 1 year

Gross margin37 k €+873,8 %over 1 year

Equity74,7 k €+13,6 %over 1 year

Identity

Source · BCE/KBO

SETH MERTENS is a Private limited company incorporated in 1980. Its main activity is: Wholesale of electrical household appliances. Its registered office is in Mortsel.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0420.632.976
Incorporation: 18/07/1980
Legal form: Private limited company
Registered office: Floralaan 83
2640 Mortsel · FlandreSee on map
Contributed capital: 18 750,00 €
Latest accounts: 30/09/2025

Activities (NACE)

46432Wholesale of electrical household appliances· main 46433Wholesale of electrical household appliances 51473Air transport 47742Retail sale of medical and orthopaedic goods in specialised stores 47782Other retail sale of new goods in specialised stores 52485Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	37 k €	+874%	3,8 k €	-85.7%	26,6 k €	-28.0%	37 k €	-38.2%	59,8 k €
EBITDA	34,7 k €	+1157%	2,8 k €	-89.3%	25,9 k €	-23.3%	33,8 k €	-42.8%	59,1 k €
Operating result	13,7 k €	+434%	-4,1 k €	-138%	10,6 k €	+62.3%	6,6 k €	-84.8%	43,1 k €
Net result	8,9 k €	+242%	-6,3 k €	-220%	5,3 k €	+162%	2 k €	-94.1%	33,9 k €
Balance sheet
Equity	74,7 k €	+13.6%	65,7 k €	-8.7%	72 k €	+7.9%	66,8 k €	+3.1%	64,8 k €
Total assets	115 k €	+0.5%	114,5 k €	-4.9%	120,3 k €	-2.5%	123,4 k €	-9.1%	135,7 k €
Cash	11,4 k €	+399%	2,3 k €	-82.2%	12,8 k €	-27.4%	17,6 k €	-1.4%	17,8 k €
Debts	40 k €	-15.8%	47,4 k €	-1.0%	47,9 k €	-15.3%	56,6 k €	-20.2%	70,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Seth Mertens	Directorsince 05/12/2023

Ended mandates

Director	Mandates in this company	Period
Seth Mertens gcv0847.380.320Represented by Seth Mertens	Director01/01/2013 → 05/12/2023Manager01/01/2013 → 2018 accounts
W. Dhr VANBAEDEN	Manager2012 accounts

Other companies at this address

Floralaan 83 2640 Mortsel

Company	CBE no.
CLARIJS KEN● Active	0651.769.427
JOYCE COLFS & CO● Active	0703.889.012
Seekost● Active	0846.925.905

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	23/04/2025	26/04/2024	27/04/2023	25/04/2022	08/04/2021
General meeting	31/03/2026	25/03/2025	26/03/2024	28/03/2023	29/03/2022	30/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	29/04/2026	Dutch	PDF
Micro model	30/09/2024	25/03/2025	23/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/03/2024	26/04/2024	Dutch	PDF
Abridged model	30/09/2022	28/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	29/03/2022	25/04/2022	Dutch	PDF
Abridged model	30/09/2020	30/03/2021	08/04/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	24/04/2020	Dutch	PDF
Abridged model	30/09/2018	26/03/2019	23/04/2019	Dutch	PDF
Abridged model	30/09/2017	27/03/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	28/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	29/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	31/03/2015	09/04/2015	Dutch	PDF
Abridged model	30/09/2013	25/03/2014	25/03/2014	Dutch	PDF
Abridged model	30/09/2012	26/03/2013	15/04/2013	Dutch	PDF
Abridged model	30/09/2011	27/03/2012	03/04/2012	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	26/01/2011	Dutch	PDF
Abridged model	30/06/2009	30/11/2009	23/12/2009	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	24/12/2008	Dutch	PDF
Abridged model	30/06/2007	31/12/2007	31/01/2008	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Seth Mertens	Directorsince 05/12/2023

Ended mandates

Director	Mandates in this company	Period
Seth Mertens gcv0847.380.320Represented by Seth Mertens	Director01/01/2013 → 05/12/2023Manager01/01/2013 → 2018 accounts
W. Dhr VANBAEDEN	Manager2012 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other11/07/2011
bvba statutenwijziging
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Seth Mertens

Seth Mertens gcv

W. Dhr VANBAEDEN

19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

SETH MERTENSOptiek Wim VANBAEDEN

Floralaan 83, 2640 Mortsel

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Floralaan 83, 2640 MortselCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00098316

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SETH MERTENSCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00098316
Optiek Wim VANBAEDEN	accounts 2021 → 2022	Accounts 2022 · 2023-00071634

Events

2025
Annual accounts 20258,9 k €↑
2024
Annual accounts 2024-6,3 k €↓
2023
Annual accounts 20235,3 k €↑
2023
Name changeSETH MERTENS
2022
Annual accounts 20222 k €↓
2021
Annual accounts 202133,9 k €↑
2020
Annual accounts 20205,7 k €↑
2019
Annual accounts 20192,8 k €↑
2018
Annual accounts 20181,2 k €↑
2017
Annual accounts 2017-160 €↑
2016
Annual accounts 2016-4,3 k €↓
2015
Annual accounts 2015-3,8 k €↑
2014
Annual accounts 2014-16,7 k €↓
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 20123,4 k €↓
2011
Annual accounts 201110,5 k €↓
2010
Annual accounts 201017,2 k €↑
2009
Annual accounts 20092,5 k €↑
2008
Annual accounts 2008-2,3 k €↓
2007
Annual accounts 20075,4 k €
18/07/1980
IncorporationPrivate limited company

SETH MERTENS

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

Registered offices

Company names

Events