MERELEC – ELEKTRICITEITSWERKEN
0421.714.626 · rovalta.com · 22/09/2026
ACTIVE
MERELEC – ELEKTRICITEITSWERKEN
Financial year 2025 · closed on 31/12/2025
Net result
-19,9 k €
-238.5% YoY
Gross margin
-21,8 k €
-213.1% YoY
Equity
203 k €
-14.2% YoY
Workforce
0,0 ETP
Overview
What does MERELEC – ELEKTRICITEITSWERKEN do?
MERELEC – ELEKTRICITEITSWERKEN is a Private limited company incorporated in 1981. Its main activity is: Electrical installation. Its registered office is in Ninove.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0421.714.626
Incorporation
29/06/1981
Legal form
Private limited company
Registered office
Geraardsbergsesteenweg(Voo) 631
9400 Ninove · FlandreSee on map
9400 Ninove · FlandreSee on map
Contributed capital
44 700,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Joint committees (3)
- 14901
- 200
- 218
Signals
Solid equityLow riskGood liquidity
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -21,8 k € | -213% | 19,3 k € | -40.5% | 32,4 k € | +1070% | -3,3 k € | -103% | 108,1 k € | -5.7% | 114,7 k € | +47.7% | 77,6 k € | -31.7% | 113,7 k € | -9.1% | 125,1 k € | +1.0% | 123,8 k € | +0.8% | 122,9 k € | +81.0% | 67,9 k € | -7.8% | 73,6 k € | -19.2% | 91,1 k € | -31.0% | 132 k € | -6.0% | 140,3 k € | -41.2% | 238,8 k € | -14.9% | 280,5 k € | -11.5% | 316,8 k € |
| EBITDA | -23,5 k € | -236% | 17,3 k € | -46.1% | 32,2 k € | +403% | -10,6 k € | -230% | 8,2 k € | -73.6% | 31,1 k € | +266% | -18,8 k € | -222% | 15,4 k € | -41.9% | 26,6 k € | -10.2% | 29,6 k € | +15.0% | 25,7 k € | +408% | -8,3 k € | +49.9% | -16,7 k € | -4402% | -370 € | -103% | 14,2 k € | -52.4% | 29,9 k € | -41.6% | 51,1 k € | +166% | 19,3 k € | -73.3% | 72 k € |
| Operating result | -24,8 k € | -253% | 16,2 k € | -46.7% | 30,4 k € | +336% | -12,9 k € | -322% | 5,8 k € | -49.8% | 11,5 k € | +126% | -45,1 k € | -323% | -10,7 k € | -1043% | 1,1 k € | -68.4% | 3,6 k € | -84.3% | 22,8 k € | +270% | -13,4 k € | +42.8% | -23,5 k € | -124% | -10,5 k € | -1022% | 1,1 k € | -93.7% | 18,1 k € | -53.3% | 38,7 k € | +397% | 7,8 k € | -87.0% | 59,8 k € |
| Net result | -19,9 k € | -238% | 14,4 k € | -41.8% | 24,7 k € | +289% | -13,1 k € | -353% | 5,2 k € | -39.2% | 8,5 k € | +119% | -45,4 k € | -283% | -11,8 k € | -466% | -2,1 k € | -374% | 763,4 € | -96.3% | 20,5 k € | +165% | 7,7 k € | +131% | -24,6 k € | -128% | -10,8 k € | -4395% | 252 € | -96.9% | 8 k € | -61.8% | 20,9 k € | +1161% | 1,7 k € | -95.2% | 34,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 203 k € | -14.2% | 236,6 k € | +6.5% | 222,2 k € | +12.5% | 197,5 k € | -6.2% | 210,6 k € | +2.5% | 205,4 k € | +4.3% | 196,9 k € | -18.7% | 242,2 k € | -4.7% | 254,1 k € | -0.8% | 256,2 k € | +0.3% | 255,4 k € | +8.7% | 234,9 k € | +3.4% | 227,2 k € | -9.8% | 251,8 k € | -4.1% | 262,7 k € | +0.1% | 262,4 k € | +3.1% | 254,4 k € | +9.0% | 233,5 k € | +0.7% | 231,8 k € |
| Total assets | 245,8 k € | -12.1% | 279,7 k € | +0.4% | 278,6 k € | +1.0% | 275,8 k € | +1.5% | 271,7 k € | -5.4% | 287,2 k € | -3.6% | 297,9 k € | -13.1% | 342,7 k € | -7.2% | 369,5 k € | -7.2% | 398,3 k € | +17.1% | 340 k € | +7.7% | 315,6 k € | +6.3% | 296,8 k € | -14.7% | 347,8 k € | +0.9% | 344,6 k € | +4.7% | 329 k € | -6.4% | 351,7 k € | -5.8% | 373,2 k € | -1.9% | 380,6 k € |
| Cash | 17,7 k € | -51.7% | 36,7 k € | +150% | 14,7 k € | -88.8% | 130,6 k € | +42.4% | 91,7 k € | -20.7% | 115,6 k € | -6.8% | 124,1 k € | -2.8% | 127,7 k € | -8.1% | 138,9 k € | +138% | 58,4 k € | -52.8% | 123,7 k € | +85.8% | 66,6 k € | +107% | 32,2 k € | -26.3% | 43,7 k € | -80.7% | 226,8 k € | +0.3% | 226,2 k € | +80.5% | 125,3 k € | -4.3% | 131 k € | -1.4% | 132,8 k € |
| Debts | 42,8 k € | -0.7% | 43,1 k € | -23.5% | 56,4 k € | -28.0% | 78,3 k € | +28.1% | 61,1 k € | -25.3% | 81,8 k € | -17.2% | 98,8 k € | -1.6% | 100,5 k € | -13.0% | 115,4 k € | -18.8% | 142,2 k € | +78.1% | 79,8 k € | -1.0% | 80,7 k € | +19.7% | 67,4 k € | -29.8% | 96 k € | +17.1% | 82 k € | +23.0% | 66,6 k € | -31.2% | 96,8 k € | -29.2% | 136,8 k € | -5.7% | 145,1 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | – | – | – | – | – | – | – | – | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | -50.0% | 2,0 ETP | 0.0% | 2,0 ETP | -47.4% | 3,8 ETP | -39.7% | 6,3 ETP | 0.0% | 6,3 ETP | |||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
ALBERT DE MEERLEER KURT
ActiveEnded mandates
ALBERT DE MEERLEER KURT
EndedFrida Bogaert
EndedFrida Bogaert
EndedKURT ALBERT DE MEERLEER
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 17/06/2026 | 24/07/2025 | 31/07/2024 | 12/07/2023 | 31/08/2022 | 11/08/2021 |
| General meeting | 15/06/2026 | 30/06/2025 | 17/06/2024 | 21/06/2023 | 20/06/2022 | 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
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 15/06/2026 | 17/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 24/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 17/06/2024 | 31/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 21/06/2023 | 12/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 20/06/2022 | 31/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 11/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 30/06/2020 | 29/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 17/06/2019 | 18/06/2019 | Dutch | |
| Micro model | 31/12/2017 | 18/06/2018 | 09/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 19/06/2017 | 20/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 20/06/2016 | 21/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 15/06/2015 | 19/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 16/06/2014 | 17/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 17/06/2013 | 04/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 18/06/2012 | 12/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 26/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 21/06/2010 | 23/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 30/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 16/06/2008 | 23/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 01/06/2007 | 08/06/2007 | Dutch |
Valuation
Estimate
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.
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
ALBERT DE MEERLEER KURT
ActiveEnded mandates
ALBERT DE MEERLEER KURT
EndedFrida Bogaert
EndedFrida Bogaert
EndedKURT ALBERT DE MEERLEER
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
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 2025-19,9 k €↓
- 2024Annual accounts 202414,4 k €↓
- 2023Annual accounts 202324,7 k €↑
- 2022Annual accounts 2022-13,1 k €↓
- 2021Annual accounts 20215,2 k €↓
- 2021Name changeMerelec BV
- 2020Annual accounts 20208,5 k €↑
- 2019Annual accounts 2019-45,4 k €↓
- 2018Annual accounts 2018-11,8 k €↓
- 2017Annual accounts 2017-2,1 k €↓
- 2016Annual accounts 2016763,4 €↓
- 2015Annual accounts 201520,5 k €↑
- 2014Annual accounts 20147,7 k €↑
- 2013Annual accounts 2013-24,6 k €↓
- 2012Annual accounts 2012-10,8 k €↓
- 2011Annual accounts 2011252 €↓
- 2010Annual accounts 20108 k €↓
- 2009Annual accounts 200920,9 k €↑
- 2008Annual accounts 20081,7 k €↓
- 2007Annual accounts 200734,6 k €
- 2007Name changeMerelec - Electriciteitswerken
- 29/06/1981IncorporationPrivate limited company