ACTIVE

MERVI

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Financial year 2025 · closed on 31/12/2025

Net result

112,8 k €

+16.8% YoY

Gross margin

272,5 k €

+16.0% YoY

Equity

2,1 M €

+5.6% YoY

Workforce

1,3 ETP

-13.3% YoY

What does MERVI do?

MERVI is a Public limited company incorporated in 1984. Its registered office is in Antwerpen. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.442.385

Incorporation

15/11/1984

Legal form

Public limited company

Registered office

Bredabaan 65
2170 Antwerpen · FlandreSee on map

Contributed capital

124 000,00 €

Latest accounts

31/12/2025

Average workforce

1,3 ETP

Joint committees (3)

140
14003
207

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	272,5 k €	+16.0%	234,8 k €	-19.9%	293,3 k €	+6.2%	276,3 k €	+7.9%	256 k €	+21.6%	210,6 k €	-31.0%	305,2 k €	+22.7%	248,6 k €	-19.2%	307,8 k €	+0.1%	307,6 k €	-13.3%	354,9 k €	-6.5%	379,7 k €	-33.9%	574 k €	+67.4%	343 k €	-13.6%	396,8 k €	-6.3%	423,4 k €	+4.0%	407,1 k €	-11.5%	460 k €	+4.8%	438,8 k €	-4.5%	459,3 k €
EBITDA	185,5 k €	+33.4%	139 k €	-8.6%	152,1 k €	-5.8%	161,5 k €	+10.8%	145,8 k €	+76.8%	82,5 k €	-50.1%	165,3 k €	+80.3%	91,7 k €	-25.8%	123,5 k €	+17.1%	105,4 k €	-50.1%	211,3 k €	+77.8%	118,8 k €	-63.4%	324,8 k €	+171%	119,9 k €	-27.1%	164,3 k €	-13.9%	190,9 k €	+2.5%	186,3 k €	-10.8%	208,9 k €	+20.9%	172,7 k €	-46.2%	320,8 k €
Operating result	113,2 k €	+50.2%	75,4 k €	-28.3%	105,1 k €	-16.2%	125,5 k €	+33.3%	94,2 k €	+155%	36,9 k €	-70.2%	123,9 k €	+279%	32,7 k €	-30.8%	47,3 k €	+15.8%	40,8 k €	-75.0%	163,6 k €	+151%	65,2 k €	-73.3%	244,4 k €	+2720%	8,7 k €	-80.9%	45,3 k €	+1.8%	44,5 k €	-15.0%	52,4 k €	+4.9%	49,9 k €	+118%	22,9 k €	-86.6%	170,8 k €
Net result	112,8 k €	+16.8%	96,6 k €	-15.5%	114,2 k €	-6.9%	122,7 k €	+15.3%	106,4 k €	+80.3%	59 k €	-48.2%	114 k €	+133%	49 k €	-11.9%	55,6 k €	-9.0%	61,1 k €	-53.4%	131,1 k €	-21.3%	166,7 k €	-26.6%	227,1 k €	+446%	41,6 k €	-35.8%	64,7 k €	-4.1%	67,5 k €	-18.0%	82,3 k €	+23.2%	66,8 k €	+5.3%	63,5 k €	-71.3%	221 k €
Balance sheet
Equity	2,1 M €	+5.6%	2 M €	+5.0%	1,9 M €	+6.3%	1,8 M €	+7.3%	1,7 M €	+6.8%	1,6 M €	+3.9%	1,5 M €	+8.1%	1,4 M €	+3.6%	1,4 M €	+4.3%	1,3 M €	+5.0%	1,2 M €	+11.9%	1,1 M €	+17.8%	936 k €	-33.6%	1,4 M €	+3.0%	1,4 M €	+5.0%	1,3 M €	+5.5%	1,2 M €	+7.1%	1,2 M €	+6.2%	1,1 M €	+6.2%	1 M €
Total assets	2,6 M €	-11.8%	2,9 M €	-10.1%	3,3 M €	+3.6%	3,1 M €	+10.4%	2,8 M €	+19.8%	2,4 M €	-17.7%	2,9 M €	-8.5%	3,1 M €	+12.9%	2,8 M €	-5.2%	2,9 M €	+22.0%	2,4 M €	-3.3%	2,5 M €	+3.3%	2,4 M €	+6.3%	2,3 M €	-4.6%	2,4 M €	+0.3%	2,4 M €	+17.4%	2 M €	+3.6%	1,9 M €	+22.8%	1,6 M €	-7.3%	1,7 M €
Cash	1,1 M €	+8.1%	1 M €	-35.9%	1,6 M €	+48.0%	1,1 M €	+16.5%	920,1 k €	-1.1%	930 k €	-42.2%	1,6 M €	-10.6%	1,8 M €	+29.2%	1,4 M €	+14.6%	1,2 M €	+66.8%	728,3 k €	-5.1%	767,2 k €	-14.5%	896,8 k €	+2.5%	874,7 k €	-7.8%	948,2 k €	+27.2%	745,6 k €	+80.3%	413,5 k €	+25.3%	330 k €	+428%	62,5 k €	-73.6%	237 k €
Debts	452,3 k €	-50.4%	911,5 k €	-31.6%	1,3 M €	-0.4%	1,3 M €	+15.0%	1,2 M €	+45.6%	798,9 k €	-41.5%	1,4 M €	-20.8%	1,7 M €	+22.5%	1,4 M €	-12.1%	1,6 M €	+66.5%	961,8 k €	-23.4%	1,3 M €	-9.4%	1,4 M €	+65.1%	838,9 k €	-14.1%	976,3 k €	-5.7%	1 M €	+40.4%	737,6 k €	+0.1%	736,5 k €	+71.2%	430,2 k €	-31.5%	628,2 k €
Other
Workforce	1,3 ETP	-13.3%	1,5 ETP	-31.8%	2,2 ETP	-8.3%	2,4 ETP	0.0%	2,4 ETP	-20.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	-21.6%	3,7 ETP	+27.6%	2,9 ETP	0.0%	2,9 ETP	-6.5%	3,1 ETP	-20.5%	3,9 ETP	-15.2%	4,6 ETP	+7.0%	4,3 ETP	+4.9%	4,1 ETP	-16.3%	4,9 ETP	-12.5%	5,6 ETP	+9.8%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

Christiane Spoelders

Director

Active

Ludovicus Peeters

Director

Active

Mark Peeters

Managing director

Active

Ended mandates

Dirk Peeters

Director

Ended

Koen Peeters

Director

Ended

Ludovicus Peeters

Managing director

Ended

Mark Peeters

Director

Ended

At this address

Other companies at this address

Company	CBE no.
NEBEKO● Active	0441.563.596

Annual accounts

Full financial information

	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	10/07/2026	09/07/2025	03/06/2024	07/07/2023	28/06/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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
Abridged model	31/12/2025	01/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	03/06/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	31/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	05/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

Christiane Spoelders

Director

Active

Ludovicus Peeters

Director

Active

Mark Peeters

Managing director

Active

Ended mandates

Dirk Peeters

Director

Ended

Koen Peeters

Director

Ended

Ludovicus Peeters

Managing director

Ended

Mark Peeters

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/08/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2007
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 2025112,8 k €↑
2024
Annual accounts 202496,6 k €↓
2023
Annual accounts 2023114,2 k €↓
2022
Annual accounts 2022122,7 k €↑
2021
Annual accounts 2021106,4 k €↑
2020
Annual accounts 202059 k €↓
2019
Annual accounts 2019114 k €↑
2018
Annual accounts 201849 k €↓
2017
Annual accounts 201755,6 k €↓
2016
Annual accounts 201661,1 k €↓
2015
Annual accounts 2015131,1 k €↓
2014
Annual accounts 2014166,7 k €↓
2013
Annual accounts 2013227,1 k €↑
2012
Annual accounts 201241,6 k €↓
2011
Annual accounts 201164,7 k €↓
2010
Annual accounts 201067,5 k €↓
2009
Annual accounts 200982,3 k €↑
2008
Annual accounts 200866,8 k €↑
2007
Annual accounts 200763,5 k €↓
2006
Annual accounts 2006221 k €
15/11/1984
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

MERVI

Overview

What does MERVI 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