ACTIVE

MERTENS-MATHY

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Financial year 2025 · Closed on 31/12/2025

Net result97,3 k €-71,3 %over 1 year

Gross margin764,9 k €-28,3 %over 1 year

Equity551,1 k €+21,4 %over 1 year

Workforce14,5 ETP+72,6 %over 1 year

Identity

Source · BCE/KBO

MERTENS-MATHY is a Private limited company incorporated in 1983. Its registered office is in Theux. It employs on average 14,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.231.181
Incorporation: 25/06/1983
Legal form: Private limited company
Registered office: Chemin des Boeufs 12
4910 Theux · WallonieSee on map
Contributed capital: 18 592,01 €
Latest accounts: 31/12/2025
Average workforce: 14,5 ETP

Joint committees (1)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	764,9 k €	-28.3%	1,1 M €	-11.3%	1,2 M €	+30.2%	924,4 k €	+135%	392,8 k €
EBITDA	160,6 k €	-66.4%	478,2 k €	-19.4%	593,3 k €	+19.1%	498,1 k €	+195%	168,9 k €
Operating result	128,8 k €	-71.4%	450,6 k €	-20.9%	569,7 k €	+20.5%	472,6 k €	+243%	137,6 k €
Net result	97,3 k €	-71.3%	338,6 k €	-20.6%	426,7 k €	+14.7%	372 k €	+168%	138,8 k €
Balance sheet
Equity	551,1 k €	+21.4%	453,8 k €	+0.1%	453,2 k €	+6.3%	426,5 k €	+30.2%	327,5 k €
Total assets	3,1 M €	+81.8%	1,7 M €	-29.2%	2,4 M €	+9.0%	2,2 M €	+98.2%	1,1 M €
Cash	1,6 M €	+137%	675,3 k €	+62.8%	414,8 k €	+25.4%	330,9 k €	-46.1%	613,4 k €
Debts	2,6 M €	+104%	1,3 M €	-35.2%	1,9 M €	+9.8%	1,8 M €	+125%	783,5 k €
Other
Workforce	14,5 ETP	+72.6%	8,4 ETP	-73.9%	32,2 ETP	+51.9%	21,2 ETP	+71.0%	12,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

MSC Holding

Director · since 01 mars 2019 · 0716.767.246

Represented by Stéphanie MERTENS

Active

PROSAIS

Director · since 03 juin 2016 · 0450.571.433

Represented by Stéphanie MATHY

Active

Ended mandates

MSC Holding

Manager · since 01 mars 2019 · 0716.767.246

Represented by Stéphanie MERTENS

Ended

Céline MERTENS

Manager · since 01 février 2017 · until 01 mars 2019

Ended

Céline MERTENS

Manager · since 01 février 2017

Ended

G.M.F.

Manager · since 01 janvier 2017 · until 01 mars 2019 · 0450.419.005

Represented by Stéphanie MERTENS

Ended

Other companies at this address

Chemin des Boeufs 12 4910 Theux

Company	CBE no.
IMMO CANOCA● Active	0450.572.720
J.P.M.J.● Active	0445.100.534
PRIVATE BANKING CONSULT● Active	0825.558.288
PROSAIS● Active	0450.571.433
PZO IMMO● Active	1024.884.677

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/06/2026	27/08/2025	17/07/2024	07/07/2023	24/06/2022	16/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	07/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	16/06/2021	French	PDF
Micro model	31/12/2019	14/08/2020	01/09/2020	French	PDF
Micro model	31/12/2018	07/06/2019	18/06/2019	French	PDF
Micro model	31/12/2017	01/06/2018	25/06/2018	French	PDF
Micro model	31/12/2016	02/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	10/06/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	11/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	05/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	17/08/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	04/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

MSC Holding

Director · since 01 mars 2019 · 0716.767.246

Represented by Stéphanie MERTENS

Active

PROSAIS

Director · since 03 juin 2016 · 0450.571.433

Represented by Stéphanie MATHY

Active

Ended mandates

MSC Holding

Manager · since 01 mars 2019 · 0716.767.246

Represented by Stéphanie MERTENS

Ended

Céline MERTENS

Manager · since 01 février 2017 · until 01 mars 2019

Ended

Céline MERTENS

Manager · since 01 février 2017

Ended

G.M.F.

Manager · since 01 janvier 2017 · until 01 mars 2019 · 0450.419.005

Represented by Stéphanie MERTENS

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares01/09/2026
AUGMENTATION DES APPORTS PAR TRANSFERT D’UNE UNIVERSALITE
PDF
Restructuring26/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates26/04/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/01/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202597,3 k €↓
2024
Annual accounts 2024338,6 k €↓
2023
Annual accounts 2023426,7 k €↑
2022
Annual accounts 2022372 k €↑
2021
Annual accounts 2021138,8 k €↑
2020
Annual accounts 2020-90,7 k €↓
2019
Annual accounts 2019299,8 k €↑
2018
Annual accounts 201833,6 k €↓
2017
Annual accounts 201767 k €↑
2016
Annual accounts 201619,7 k €↓
2015
Annual accounts 201547,5 k €↑
2014
Annual accounts 2014-10,6 k €↓
2013
Annual accounts 2013-2,3 k €↑
2012
Annual accounts 2012-2,8 k €↓
2011
Annual accounts 2011-2,6 k €↑
2010
Annual accounts 2010-9,3 k €↓
2009
Annual accounts 20091,5 €↓
2008
Annual accounts 200814,7 k €↑
2007
Annual accounts 200710,9 k €↑
2006
Annual accounts 2006-9,8 k €
25/06/1983
IncorporationPrivate limited company

MERTENS-MATHY

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