ACTIVE

MEERSCHMAN

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Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

-7.9% YoY

Revenue

77,2 M €

-2.1% YoY

Equity

6,3 M €

+13.7% YoY

Workforce

77,4 ETP

+18.2% YoY

What does MEERSCHMAN do?

MEERSCHMAN is a Public limited company incorporated in 1981. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Aalst. It employs on average 77,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.208.237

Incorporation

24/12/1981

Legal form

Public limited company

Registered office

Churchillsteenweg 24
9320 Aalst · FlandreSee on map

Contributed capital

306 148,50 €

Latest accounts

31/12/2025

Average workforce

77,4 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 50200Sea and coastal freight water transport 45201Maintenance and repair of motor vehicles 95311Repair of computers and personal and household goods

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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	77,2 M €	-2.1%	78,8 M €	-11.0%	88,6 M €	+27.4%	69,6 M €	+30.2%	53,4 M €	+78.6%	29,9 M €	+14.2%	26,2 M €	+7.9%	24,3 M €	+0.7%	24,1 M €		–		–		–		–		–		–		–		–		–		–		14,7 M €
EBITDA	3,3 M €	-6.0%	3,5 M €	-28.1%	4,9 M €	+58.2%	3,1 M €	+38.6%	2,2 M €	+66.9%	1,3 M €	+61.3%	822,5 k €	-29.0%	1,2 M €	-12.5%	1,3 M €	-2.5%	1,4 M €	+31.9%	1 M €	+48.6%	692,7 k €	+7.4%	644,9 k €	+28.6%	501,4 k €	+95.4%	256,6 k €	-39.6%	425 k €	-9.4%	469,1 k €	+46.3%	320,5 k €	-57.0%	745 k €	+59.3%	467,7 k €
Operating result	2,5 M €	-10.6%	2,8 M €	-30.0%	4,1 M €	+61.8%	2,5 M €	+45.1%	1,7 M €	+74.3%	990,4 k €	+106%	480,7 k €	-40.2%	803,5 k €	-16.5%	961,9 k €	-2.7%	988,4 k €	+53.7%	643 k €	+106%	312,4 k €	+24.8%	250,3 k €	+44.0%	173,8 k €	+17.9%	147,4 k €	-53.9%	319,5 k €	-11.4%	360,4 k €	+87.9%	191,8 k €	-69.0%	619,7 k €	+102%	307,3 k €
Net result	1,8 M €	-7.9%	1,9 M €	-37.3%	3,1 M €	+69.9%	1,8 M €	+223%	555,8 k €	-15.4%	657 k €	+478%	113,6 k €	-75.1%	456 k €	-32.6%	676,8 k €	-3.5%	701,6 k €	+92.1%	365,2 k €	+664%	47,8 k €	+2322%	2 k €	+120%	-9,7 k €	-113%	76,7 k €	-70.7%	261,5 k €	-8.9%	287 k €	+223%	88,7 k €	-84.7%	580,2 k €	+115%	270 k €
Balance sheet
Equity	6,3 M €	+13.7%	5,6 M €	+19.6%	4,7 M €	+50.0%	3,1 M €	+34.5%	2,3 M €	-18.5%	2,8 M €	+14.4%	2,5 M €	+4.8%	2,4 M €	+10.1%	2,1 M €	+3.7%	2,1 M €	+5.2%	2 M €	+3.4%	1,9 M €	+2.6%	1,9 M €	+0.1%	1,9 M €	-0.5%	1,9 M €	+2.6%	1,8 M €	+3.8%	1,8 M €	+5.5%	1,7 M €	+5.7%	1,6 M €	+6.4%	1,5 M €
Total assets	22 M €	-13.1%	25,3 M €	-20.9%	32 M €	+24.8%	25,6 M €	+21.3%	21,1 M €	+26.1%	16,7 M €	-2.8%	17,2 M €	+10.6%	15,6 M €	-2.2%	15,9 M €	+47.4%	10,8 M €	-4.6%	11,3 M €	-2.0%	11,5 M €	+8.5%	10,6 M €	+3.1%	10,3 M €	+57.2%	6,6 M €	+39.9%	4,7 M €	-3.7%	4,9 M €	+4.5%	4,7 M €	+3.9%	4,5 M €	+14.9%	3,9 M €
Cash	3,8 M €	+16.2%	3,2 M €	-15.7%	3,9 M €	+4.6%	3,7 M €	+3.0%	3,6 M €	+61.5%	2,2 M €	+15.8%	1,9 M €	+62.0%	1,2 M €	-45.5%	2,2 M €	-11.6%	2,5 M €	+33.5%	1,8 M €	+202%	607,6 k €	-13.9%	705,6 k €	+5.9%	666,4 k €	-20.6%	839,8 k €	+20.5%	696,9 k €	+162%	266,4 k €	+0.5%	265,2 k €	-18.2%	324,3 k €	-4.3%	338,7 k €
Debts	15,6 M €	-20.6%	19,7 M €	-27.8%	27,3 M €	+21.3%	22,5 M €	+19.7%	18,8 M €	+35.2%	13,9 M €	-5.7%	14,7 M €	+11.7%	13,2 M €	-3.4%	13,7 M €	+58.5%	8,6 M €	-6.2%	9,2 M €	-4.7%	9,6 M €	+9.8%	8,8 M €	+3.7%	8,5 M €	+80.0%	4,7 M €	+63.7%	2,9 M €	-8.1%	3,1 M €	+3.9%	3 M €	+3.0%	2,9 M €	+20.3%	2,4 M €
Other
Workforce	77,4 ETP	+18.2%	65,5 ETP	+2.5%	63,9 ETP	-0.6%	64,3 ETP	+15.6%	55,6 ETP	+64.5%	33,8 ETP	+1.2%	33,4 ETP	+9.9%	30,4 ETP	-0.3%	30,5 ETP	+9.7%	27,8 ETP	+2.6%	27,1 ETP	-2.2%	27,7 ETP	0.0%	27,7 ETP	+2.6%	27,0 ETP	+8.0%	25,0 ETP	+13.6%	22,0 ETP	+4.8%	21,0 ETP	+1.4%	20,7 ETP	+2.0%	20,3 ETP	0.0%	20,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

DANIEL MEERSCHMAN

Director

Active

LIEVEN MEERSCHMAN

Director

Active

PATRICK MEERSCHMAN

Director

Active

Ended mandates

DANIEL MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

LIEVEN MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

PATRICK MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

DANIEL MEERSCHMAN

Director · since 05 juin 2008 · until 04 juin 2014

Ended

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	23/06/2026	26/06/2025	31/07/2024	11/07/2023	27/06/2022	29/06/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	28/08/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	17/08/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	07/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	05/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	10/07/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 12 ended

Active mandates

DANIEL MEERSCHMAN

Director

Active

LIEVEN MEERSCHMAN

Director

Active

PATRICK MEERSCHMAN

Director

Active

Ended mandates

DANIEL MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

LIEVEN MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

PATRICK MEERSCHMAN

Director · since 05 juin 2014 · until 04 juin 2020

Ended

DANIEL MEERSCHMAN

Director · since 05 juin 2008 · until 04 juin 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring28/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/05/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/03/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates14/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/12/2002
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 20251,8 M €↓
2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20233,1 M €↑
2022
Annual accounts 20221,8 M €↑
2021
Annual accounts 2021555,8 k €↓
2020
Annual accounts 2020657 k €↑
2019
Annual accounts 2019113,6 k €↓
2018
Annual accounts 2018456 k €↓
2017
Annual accounts 2017676,8 k €↓
2016
Annual accounts 2016701,6 k €↑
2015
Annual accounts 2015365,2 k €↑
2014
Annual accounts 201447,8 k €↑
2013
Annual accounts 20132 k €↑
2012
Annual accounts 2012-9,7 k €↓
2011
Annual accounts 201176,7 k €↓
2010
Annual accounts 2010261,5 k €↓
2009
Annual accounts 2009287 k €↑
2008
Annual accounts 200888,7 k €↓
2007
Annual accounts 2007580,2 k €↑
2006
Annual accounts 2006270 k €
24/12/1981
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

MEERSCHMAN

Overview

What does MEERSCHMAN do?

Trend over 20 financial years

Indicative valuation

Board of directors

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