ACTIVE

MEANDER

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Financial year 2025 · closed on 31/12/2025

Net result

9,2 k €

-38.7% YoY

Gross margin

27,1 k €

-23.1% YoY

Equity

58 k €

-35.3% YoY

What does MEANDER do?

MEANDER is a Private limited company incorporated in 1986. Its main activity is: Computer consultancy activities. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.340.905

Incorporation

04/09/1986

Legal form

Private limited company

Registered office

Holsbeeksesteenweg 348
3010 Leuven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 70200Management consultancy activities 70210Public relations and communication activities 70220Business and other management consultancy activities 73200Market research and public opinion polling+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

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	27,1 k €	-23.1%	35,2 k €	+11.3%	31,6 k €	+19.0%	26,6 k €	-18.2%	32,5 k €	-4.8%	34,1 k €	+12.0%	30,4 k €	-9.4%	33,6 k €	+16.5%	28,8 k €	+441%	5,3 k €	-7.5%	5,8 k €	-66.6%	17,3 k €	+553%	-3,8 k €	-144%	8,6 k €	+83.8%	4,7 k €	-72.2%	16,8 k €	+163%	6,4 k €	+44.9%	4,4 k €	+30.1%	3,4 k €
EBITDA	24,6 k €	-27.0%	33,7 k €	+14.8%	29,4 k €	+16.2%	25,3 k €	-5.1%	26,6 k €	-15.9%	31,7 k €	+12.3%	28,2 k €	-10.0%	31,3 k €	+18.2%	26,5 k €	+479%	4,6 k €	-12.6%	5,2 k €	-67.9%	16,3 k €	+482%	-4,3 k €	-153%	8 k €	+94.9%	4,1 k €	-74.3%	16 k €	+176%	5,8 k €	+52.1%	3,8 k €	+39.1%	2,7 k €
Operating result	18,5 k €	-31.4%	26,9 k €	+21.0%	22,2 k €	+14.1%	19,5 k €	-4.6%	20,4 k €	-17.5%	24,8 k €	+6.7%	23,2 k €	-19.6%	28,9 k €	+22.1%	23,6 k €	+3317%	691,9 €	-65.0%	2 k €	-86.1%	14,2 k €	+433%	-4,3 k €	-157%	7,4 k €	+1055%	643,4 €	-94.9%	12,5 k €	+434%	2,3 k €	+546%	363,7 €	+197%	-375,9 €
Net result	9,2 k €	-38.7%	15 k €	+5.5%	14,2 k €	+13.2%	12,6 k €	+6.2%	11,8 k €	-27.6%	16,4 k €	+17.3%	13,9 k €	-11.9%	15,8 k €	+19.1%	13,3 k €	+5370%	243 €	-74.4%	948,9 €	-92.9%	13,4 k €	+1147%	-1,3 k €	-122%	5,7 k €	+1526%	351,9 €	-96.3%	9,4 k €	+421%	1,8 k €	+1117%	-177,3 €	-158%	306 €
Balance sheet
Equity	58 k €	-35.3%	89,6 k €	+2.3%	87,6 k €	-3.1%	90,4 k €	-0.8%	91,1 k €	+13.8%	80 k €	+22.3%	65,4 k €	+25.2%	52,3 k €	+41.0%	37,1 k €	+55.9%	23,8 k €	+1.0%	23,5 k €	+4.2%	22,6 k €	+17.8%	19,2 k €	-51.1%	39,2 k €	+17.1%	33,5 k €	+1.1%	33,2 k €	+39.6%	23,8 k €	+8.2%	22 k €	-0.8%	22,1 k €
Total assets	81,2 k €	-29.1%	114,5 k €	-1.4%	116,1 k €	+1.7%	114,2 k €	+12.8%	101,2 k €	+8.9%	93 k €	+26.6%	73,5 k €	+12.3%	65,4 k €	+21.3%	53,9 k €	+64.4%	32,8 k €	+6.1%	30,9 k €	-26.0%	41,7 k €	+115%	19,4 k €	-70.9%	66,7 k €	+5.0%	63,6 k €	-1.9%	64,8 k €	+3.8%	62,4 k €	+14.4%	54,6 k €	+2.7%	53,1 k €
Cash	49,2 k €	-21.8%	62,9 k €	+12.1%	56,1 k €	+49.8%	37,4 k €	-50.1%	75 k €	+52.4%	49,2 k €	+34.4%	36,6 k €	+7.4%	34,1 k €	+41.0%	24,2 k €	+746%	2,9 k €	-87.0%	22 k €	-27.4%	30,4 k €	+57.3%	19,3 k €	-0.8%	19,5 k €	+128%	8,5 k €	-15.9%	10,1 k €	+43.9%	7,1 k €	-22.9%	9,2 k €	-23.0%	11,9 k €
Debts	22,9 k €	-7.0%	24,6 k €	-12.8%	28,2 k €	+20.2%	23,5 k €	+139%	9,8 k €	-21.6%	12,6 k €	+62.8%	7,7 k €	-39.6%	12,8 k €	-24.1%	16,8 k €	+87.0%	9 k €	+22.5%	7,4 k €	-61.6%	19,2 k €	+7748%	244 €	-99.1%	27,5 k €	-8.3%	30 k €	-5.1%	31,6 k €	-18.2%	38,6 k €	+18.5%	32,6 k €	+5.2%	31 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Ellen Vandevelde

Director

Active

Joris D'Huys

Director

Active

Ended mandates

Ellen Vandevelde

Director · since 12 mai 2021

Ended

Ellen Vandevelde

Director · since 01 mai 2021

Ended

Ellen Vandevelde

Manager · since 01 mars 2018 · until 20 août 2018

Ended

Joris D'Huys

Manager · since 01 janvier 2013

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	31/03/2026	28/05/2025	27/06/2024	08/06/2023	08/06/2022	22/12/2020
General meeting	24/03/2026	30/04/2025	05/06/2024	07/06/2023	01/06/2022	02/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/03/2026	31/03/2026	Dutch	PDF
Micro model	31/12/2024	30/04/2025	28/05/2025	Dutch	PDF
Micro model	31/12/2023	05/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	07/06/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	01/06/2022	08/06/2022	Dutch	PDF
Micro model	30/06/2020	02/12/2020	22/12/2020	Dutch	PDF
Micro model	30/06/2019	04/12/2019	12/02/2020	Dutch	PDF
Micro model	30/06/2018	05/12/2018	14/02/2019	Dutch	PDF
Micro model	30/06/2017	27/09/2017	14/02/2018	Dutch	PDF
Abridged model	30/06/2016	28/09/2016	09/02/2017	Dutch	PDF
Abridged model	30/06/2015	30/09/2015	01/12/2015	Dutch	PDF
Abridged model	30/06/2014	15/10/2014	10/02/2015	Dutch	PDF
Abridged model	30/06/2013	16/10/2013	22/11/2013	Dutch	PDF
Abridged model	30/06/2012	26/09/2012	27/11/2012	Dutch	PDF
Abridged model	30/06/2011	28/09/2011	30/11/2011	Dutch	PDF
Abridged model	30/06/2010	29/09/2010	30/11/2010	Dutch	PDF
Abridged model	30/06/2009	30/09/2009	27/11/2009	Dutch	PDF
Abridged model	30/06/2008	24/09/2008	03/12/2008	Dutch	PDF
Abridged model	30/06/2007	26/09/2007	22/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

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 · 2 active · 9 ended

Active mandates

Ellen Vandevelde

Director

Active

Joris D'Huys

Director

Active

Ended mandates

Ellen Vandevelde

Director · since 12 mai 2021

Ended

Ellen Vandevelde

Director · since 01 mai 2021

Ended

Ellen Vandevelde

Manager · since 01 mars 2018 · until 20 août 2018

Ended

Joris D'Huys

Manager · since 01 janvier 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates11/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2018
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2013
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 20259,2 k €↓
2024
Annual accounts 202415 k €↑
2023
Annual accounts 202314,2 k €↑
2022
Annual accounts 202212,6 k €↑
2021
Annual accounts 202111,8 k €↓
2020
Annual accounts 202016,4 k €↑
2019
Annual accounts 201913,9 k €↓
2018
Annual accounts 201815,8 k €↑
2017
Annual accounts 201713,3 k €↑
2016
Annual accounts 2016243 €↓
2015
Annual accounts 2015948,9 €↓
2014
Annual accounts 201413,4 k €↑
2013
Annual accounts 2013-1,3 k €↓
2012
Annual accounts 20125,7 k €↑
2011
Annual accounts 2011351,9 €↓
2010
Annual accounts 20109,4 k €↑
2009
Annual accounts 20091,8 k €↑
2008
Annual accounts 2008-177,3 €↓
2007
Annual accounts 2007306 €
04/09/1986
IncorporationPrivate 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

MEANDER

Overview

What does MEANDER do?

Trend over 19 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