ACTIVE

MORTI

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Financial year 2025 · closed on 31/12/2025

Net result

4,7 M €

+4.1% YoY

Revenue

85,8 M €

+17.9% YoY

Equity

50 M €

+9.6% YoY

Workforce

158,6 ETP

-0.8% YoY

What does MORTI do?

MORTI is a Public limited company incorporated in 1980. Its main activity is: Construction of buildings. Its registered office is in Gent. It employs on average 158,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.961.390

Incorporation

08/11/1980

Legal form

Public limited company

Registered office

Booiebos 21
9031 Gent · FlandreSee on map

Contributed capital

421 418,99 €

Latest accounts

31/12/2025

Average workforce

158,6 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

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	85,8 M €	+17.9%	72,8 M €	+2.8%	70,8 M €	-8.5%	77,4 M €	+21.3%	63,8 M €	+1.2%	63,1 M €	+0.7%	62,6 M €	-0.0%	62,7 M €	+6.8%	58,7 M €	+8.4%	54,1 M €	+3.4%	52,3 M €	+1.2%	51,7 M €	+5.3%	49,1 M €	-0.2%	49,2 M €	-4.3%	51,4 M €	+18.7%	43,3 M €	-0.4%	43,5 M €	+0.8%	43,1 M €	+23.2%	35 M €	+12.0%	31,3 M €
EBITDA	7,9 M €	+11.9%	7,1 M €	-8.1%	7,7 M €	+6.2%	7,3 M €	+23.3%	5,9 M €	-28.6%	8,2 M €	+8.3%	7,6 M €	+11.9%	6,8 M €	+15.9%	5,9 M €	+0.1%	5,9 M €	+2.1%	5,7 M €	+2.0%	5,6 M €	+22.0%	4,6 M €	+9.5%	4,2 M €	+14.9%	3,7 M €	+4.9%	3,5 M €	+10.0%	3,2 M €	+39.7%	2,3 M €	+22.1%	1,9 M €	+28.9%	1,4 M €
Operating result	6 M €	+7.2%	5,6 M €	+3.7%	5,4 M €	+4.5%	5,1 M €	+34.9%	3,8 M €	-40.6%	6,4 M €	+11.7%	5,7 M €	+16.5%	4,9 M €	+22.6%	4 M €	-3.0%	4,1 M €	+1.5%	4,1 M €	+4.0%	3,9 M €	+31.4%	3 M €	+12.1%	2,7 M €	+21.9%	2,2 M €	+10.1%	2 M €	+21.4%	1,6 M €	+44.5%	1,1 M €	+14.1%	989 k €	+43.8%	687,6 k €
Net result	4,7 M €	+4.1%	4,5 M €	+4.9%	4,3 M €	+20.5%	3,6 M €	+25.5%	2,8 M €	-40.3%	4,8 M €	+23.8%	3,9 M €	+19.5%	3,2 M €	+17.1%	2,8 M €	-4.4%	2,9 M €	+4.7%	2,7 M €	+3.1%	2,7 M €	+25.6%	2,1 M €	+12.3%	1,9 M €	+17.3%	1,6 M €	+16.3%	1,4 M €	+33.3%	1 M €	+38.5%	750,8 k €	+11.6%	672,8 k €	+85.0%	363,6 k €
Balance sheet
Equity	50 M €	+9.6%	45,6 M €	+6.2%	42,9 M €	+10.4%	38,9 M €	+9.3%	35,6 M €	+8.0%	32,9 M €	+16.1%	28,4 M €	+9.9%	25,8 M €	+13.3%	22,8 M €	+12.6%	20,2 M €	+15.2%	17,6 M €	+17.0%	15 M €	+12.1%	13,4 M €	+18.8%	11,3 M €	-0.5%	11,3 M €	+16.6%	9,7 M €	+16.6%	8,3 M €	+14.3%	7,3 M €	+11.4%	6,5 M €	+11.5%	5,9 M €
Total assets	69,3 M €	+11.1%	62,3 M €	+3.0%	60,5 M €	+0.6%	60,1 M €	+16.8%	51,5 M €	+7.0%	48,1 M €	-0.1%	48,2 M €	+20.1%	40,1 M €	+15.2%	34,8 M €	+7.5%	32,4 M €	+8.9%	29,7 M €	-3.3%	30,7 M €	+8.2%	28,4 M €	-0.7%	28,6 M €	+1.4%	28,2 M €	-2.4%	28,9 M €	+25.9%	23 M €	+9.1%	21,1 M €	+16.9%	18 M €	+12.5%	16 M €
Cash	7,5 M €	+13.4%	6,6 M €	-39.0%	10,9 M €	-28.0%	15,1 M €	+23.7%	12,2 M €	+330%	2,8 M €	-62.2%	7,5 M €	+43.7%	5,2 M €	+40.1%	3,7 M €	+51.6%	2,5 M €	+39.2%	1,8 M €	+37.8%	1,3 M €	+52.9%	841,7 k €	+18.4%	711,1 k €	+10.5%	643,3 k €	-12.3%	733,9 k €	+359%	160 k €	-25.2%	213,7 k €	-81.0%	1,1 M €	+37.7%	818,2 k €
Debts	19,3 M €	+15.4%	16,7 M €	-5.0%	17,6 M €	-17.2%	21,2 M €	+33.8%	15,9 M €	+4.8%	15,1 M €	-23.5%	19,8 M €	+41.8%	14 M €	+16.3%	12 M €	-0.9%	12,1 M €	+0.8%	12 M €	-22.7%	15,6 M €	+4.5%	14,9 M €	-13.4%	17,2 M €	+2.4%	16,8 M €	-12.5%	19,2 M €	+32.6%	14,5 M €	+5.5%	13,7 M €	+21.2%	11,3 M €	+15.5%	9,8 M €
Other
Workforce	158,6 ETP	-0.8%	159,8 ETP	-1.2%	161,7 ETP	-4.9%	170,1 ETP	-4.7%	178,5 ETP	-1.3%	180,8 ETP	-3.2%	186,8 ETP	-1.5%	189,7 ETP	-1.0%	191,6 ETP	+2.0%	187,9 ETP	+2.7%	182,9 ETP	+1.2%	180,7 ETP	+2.8%	175,8 ETP	+0.5%	174,9 ETP	+4.0%	168,2 ETP	+3.0%	163,3 ETP	+2.2%	159,8 ETP	-1.8%	162,7 ETP	+3.4%	157,4 ETP	+0.3%	156,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

J.J.M

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0785.973.578

Represented by Jo De heer Mortier

Active

K.M.P.

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0785.973.875

Represented by Koen De heer Mortier

Active

K.V.N.

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0895.391.558

Represented by Kurt De heer Van Nevel

Active

MORTIER GROUP

Managing director · since 19 décembre 2023 · until 19 décembre 2029 · 0808.541.223

Represented by Julien De heer Mortier

Active

Ended mandates

J.J.M

Director · since 12 mai 2022 · until 03 juin 2024 · 0785.973.578

Represented by Jo De heer Mortier

Ended

K.M.P.

Director · since 12 mai 2022 · until 03 juin 2024 · 0785.973.875

Represented by Koen De heer Mortier

Ended

Jeanine Mevrouw Van Der Sijpt

Director · since 25 juin 2018 · until 14 mars 2022

Ended

Jeanine Mevrouw Van Der Sijpt

Director · since 25 juin 2018 · until 03 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
MORTIER GROUP● Active	0808.541.223
MORVAN● Active	0428.212.042
VITONA● Active	0452.225.777

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	02/07/2026	15/07/2025	05/07/2024	18/07/2023	14/07/2022	13/07/2021
General meeting	19/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	28/06/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	29/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2019	22/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	03/08/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	29/08/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	12/08/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	17/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	07/06/2010	07/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	08/06/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	18/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	04/06/2007	10/09/2007	Dutch	PDF
Full model	31/12/2006	04/06/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 4 active · 24 ended

Active mandates

J.J.M

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0785.973.578

Represented by Jo De heer Mortier

Active

K.M.P.

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0785.973.875

Represented by Koen De heer Mortier

Active

K.V.N.

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0895.391.558

Represented by Kurt De heer Van Nevel

Active

MORTIER GROUP

Managing director · since 19 décembre 2023 · until 19 décembre 2029 · 0808.541.223

Represented by Julien De heer Mortier

Active

Ended mandates

J.J.M

Director · since 12 mai 2022 · until 03 juin 2024 · 0785.973.578

Represented by Jo De heer Mortier

Ended

K.M.P.

Director · since 12 mai 2022 · until 03 juin 2024 · 0785.973.875

Represented by Koen De heer Mortier

Ended

Jeanine Mevrouw Van Der Sijpt

Director · since 25 juin 2018 · until 14 mars 2022

Ended

Jeanine Mevrouw Van Der Sijpt

Director · since 25 juin 2018 · until 03 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/07/2024
KAPITAAL - AANDELEN
PDF
Capital / shares21/05/2024
KAPITAAL - AANDELEN
PDF
Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2021
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 20254,7 M €↑
2024
Annual accounts 20244,5 M €↑
29/06/2024
reconductionVan Loon Kim — commissaris
19/04/2024
autre
2023
Annual accounts 20234,3 M €↑
2022
Annual accounts 20223,6 M €↑
12/05/2022
nominationMortier Jo — vaste vertegenwoordiger (voor J.J.M. bv)
12/05/2022
nominationMortier Koen — vaste vertegenwoordiger (voor K.M.P. bv)
12/05/2022
nominationMortier Julien — gedelegeerd bestuurder
2021
Annual accounts 20212,8 M €↓
2020
Annual accounts 20204,8 M €↑
2019
Annual accounts 20193,9 M €↑
2018
Annual accounts 20183,2 M €↑
2017
Annual accounts 20172,8 M €↓
2016
Annual accounts 20162,9 M €↑
2015
Annual accounts 20152,7 M €↑
2014
Annual accounts 20142,7 M €↑
2013
Annual accounts 20132,1 M €↑
2012
Annual accounts 20121,9 M €↑
2011
Annual accounts 20111,6 M €↑
2010
Annual accounts 20101,4 M €↑
2009
Annual accounts 20091 M €↑
2008
Annual accounts 2008750,8 k €↑
2007
Annual accounts 2007672,8 k €↑
2006
Annual accounts 2006363,6 k €
08/11/1980
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

MORTI

Overview

What does MORTI do?

Trend over 20 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