SUBMERGO
0437.250.759 · rovalta.com · 24/09/2026
NORMAL SITUATION
SUBMERGO
Financial year 2025 · closed on 31/12/2025
Net result
1,9 k €
-85.8% YoY
Gross margin
14,2 k €
-52.7% YoY
Equity
108,8 k €
+1.8% YoY
Company — Normal situation.
Strike-off: 13 août 2026
Overview
What does SUBMERGO do?
SUBMERGO is a Private limited company incorporated in 1989.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.250.759
Incorporation
17/04/1989
Legal form
Private limited company
Contributed capital
12 402,66 €
Latest accounts
31/12/2025
Joint committees (2)
- 124
- 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 14,2 k € | -52.7% | 30 k € | +472% | 5,2 k € | -17.2% | 6,3 k € | -23.3% | 8,2 k € | +27.8% | 6,4 k € | +2254% | -299,3 € | -107% | 4,5 k € | -55.6% | 10,1 k € | -22.1% | 13 k € | +239% | -9,3 k € | -110% | 91,4 k € | -1.3% | 92,5 k € | -63.6% | 254,4 k € | +11.0% | 229,2 k € | +6.2% | 215,8 k € | -15.5% | 255,5 k € | +13.3% | 225,6 k € |
| EBITDA | 6,6 k € | -67.5% | 20,4 k € | +842% | -2,8 k € | -215% | -873 € | -104% | -427,3 € | -151% | 839,1 € | +115% | -5,4 k € | -149% | -2,2 k € | -166% | 3,3 k € | -57.1% | 7,7 k € | +135% | -21,9 k € | -128% | 78,3 k € | -5.9% | 83,2 k € | +17.1% | 71,1 k € | +127% | 31,3 k € | -38.9% | 51,3 k € | -55.8% | 115,8 k € | +36.6% | 84,8 k € |
| Operating result | 1,9 k € | -87.9% | 16 k € | +344% | -6,6 k € | -40.8% | -4,7 k € | -10.6% | -4,2 k € | -43.0% | -2,9 k € | +69.4% | -9,6 k € | -41.2% | -6,8 k € | +11.8% | -7,7 k € | -7.2% | -7,2 k € | +80.6% | -37,1 k € | -177% | 47,9 k € | -4.8% | 50,3 k € | +47.9% | 34 k € | +302% | -16,8 k € | -174% | -6,1 k € | -114% | 45,1 k € | +105% | 22 k € |
| Net result | 1,9 k € | -85.8% | 13,2 k € | +186% | -15,2 k € | -294% | 7,8 k € | +27.6% | 6,1 k € | -52.2% | 12,9 k € | +329% | 3 k € | +51.9% | 2 k € | +435% | -589,4 € | -159% | 1 k € | -93.5% | 15,4 k € | -70.7% | 52,6 k € | -44.8% | 95,3 k € | +430% | 18 k € | +155% | -32,9 k € | -171% | -12,1 k € | -195% | 12,7 k € | +524% | -3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 108,8 k € | +1.8% | 106,9 k € | -54.1% | 233,2 k € | -6.1% | 248,4 k € | +3.3% | 240,6 k € | +2.6% | 234,5 k € | +5.8% | 221,6 k € | +1.4% | 218,6 k € | +0.9% | 216,6 k € | -0.3% | 217,2 k € | +0.5% | 216,2 k € | +7.7% | 200,8 k € | +35.5% | 148,2 k € | +180% | 53 k € | +51.3% | 35 k € | -48.5% | 67,9 k € | -15.2% | 80,1 k € | +18.9% | 67,3 k € |
| Total assets | 114,3 k € | -55.9% | 259,1 k € | -11.3% | 292,1 k € | -4.2% | 304,8 k € | +4.9% | 290,6 k € | +1.5% | 286,4 k € | -0.4% | 287,6 k € | -0.6% | 289,4 k € | +0.4% | 288,1 k € | -6.0% | 306,6 k € | -1.5% | 311,2 k € | +7.4% | 289,6 k € | +15.4% | 250,9 k € | +18.6% | 211,6 k € | -37.2% | 336,8 k € | +6.4% | 316,4 k € | -11.9% | 359,3 k € | +5.2% | 341,6 k € |
| Cash | 30,6 k € | +31.5% | 23,3 k € | +86228% | 27 € | -99.2% | 3,5 k € | +676% | 447,7 € | -35.3% | 692,3 € | +18.4% | 584,8 € | -11.0% | 657,1 € | +85.4% | 354,5 € | -18.1% | 432,7 € | -14.7% | 507 € | +41.2% | 359 € | 0.0% | 359 € | 0.0% | 359 € | +1.1% | 355 € | -45.8% | 655 € | +1.2% | 647 € | +1.4% | 638 € |
| Debts | 5,3 k € | -96.5% | 152,1 k € | +158% | 58,9 k € | +502% | 9,8 k € | -0.5% | 9,8 k € | +18.0% | 8,3 k € | -63.6% | 22,9 k € | -27.9% | 31,7 k € | -1.8% | 32,3 k € | -35.8% | 50,3 k € | -8.6% | 55,1 k € | -37.5% | 88,1 k € | -13.0% | 101,3 k € | -34.6% | 155,1 k € | -47.9% | 297,7 k € | +21.7% | 244,7 k € | -10.7% | 274 k € | +2.4% | 267,6 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | 5,0 ETP | -9.1% | 5,5 ETP | +7.8% | 5,1 ETP | +45.7% | 3,5 ETP | -12.5% | 4,0 ETP | |||||||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 22 ended
Active mandates
Active
Ended mandates
Dirk Van Mullem
EndedPhilip Van Mullem
EndedDirk Van Mullem
EndedPhilip Van Mullem
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged 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 | 22/06/2026 | 28/05/2025 | 15/07/2024 | 30/06/2023 | 17/10/2022 | 30/09/2021 |
| General meeting | 22/06/2026 | 08/05/2025 | 30/06/2024 | 30/06/2023 | 10/10/2022 | 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 | 22/06/2026 | 22/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 08/05/2025 | 28/05/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/06/2024 | 15/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 30/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 10/10/2022 | 17/10/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 30/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 31/08/2020 | 08/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 30/06/2019 | 30/09/2019 | Dutch | |
| Micro model | 31/12/2017 | 30/06/2018 | 24/09/2018 | Dutch | |
| Micro model | 31/12/2016 | 30/06/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 10/03/2016 | 21/03/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 28/09/2015 | Dutch | |
| Abridged model | 31/12/2013 | 08/05/2014 | 29/09/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/06/2013 | 22/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 15/05/2012 | 19/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 14/06/2011 | 10/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 29/06/2010 | 13/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/04/2009 | 02/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/06/2008 | 22/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 26/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
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 · 22 ended
Active mandates
Active
Ended mandates
Dirk Van Mullem
EndedPhilip Van Mullem
EndedDirk Van Mullem
EndedPhilip Van Mullem
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring21/08/2026MET FUSIE GELIJKGESTELDE VERRICHTING
- Restructuring08/01/2026RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates15/03/2024MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates20/07/2007ONTSLAGEN - BENOEMINGEN
- Capital / shares16/09/2005KAPITAAL - AANDELEN
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 20251,9 k €↓
- 2024Annual accounts 202413,2 k €↑
- 2023Annual accounts 2023-15,2 k €↓
- 2022Annual accounts 20227,8 k €↑
- 2021Annual accounts 20216,1 k €↓
- 2020Annual accounts 202012,9 k €↑
- 2019Annual accounts 20193 k €↑
- 2018Annual accounts 20182 k €↑
- 2017Annual accounts 2017-589,4 €↓
- 2016Annual accounts 20161 k €↓
- 2015Annual accounts 201515,4 k €↓
- 2014Annual accounts 201452,6 k €↓
- 2013Annual accounts 201395,3 k €↑
- 2012Annual accounts 201218 k €↑
- 2011Annual accounts 2011-32,9 k €↓
- 2010Annual accounts 2010-12,1 k €↓
- 2009Annual accounts 200912,7 k €↑
- 2008Annual accounts 2008-3 k €
- 17/04/1989IncorporationPrivate limited company