ACTIVE

MOERS

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Financial year 2025 · closed on 31/12/2025

Net result

72,2 k €

+1009.6% YoY

Gross margin

708,1 k €

+41.1% YoY

Equity

1,1 M €

+5.3% YoY

Workforce

4,4 ETP

+51.7% YoY

What does MOERS do?

MOERS is a Private limited company incorporated in 1991. Its registered office is in Hasselt. It employs on average 4,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.484.889

Incorporation

01/03/1991

Legal form

Private limited company

Registered office

Industrieweg 15
3720 Hasselt · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,4 ETP

Joint committees (6)

112
14003
200
218
2260
22600

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	708,1 k €	+41.1%	501,7 k €	-17.1%	605,4 k €	+33.4%	453,7 k €	-17.3%	548,6 k €	-9.7%	607,9 k €	+26.1%	482,1 k €	+145%	196,5 k €	+9.2%	180 k €	+80.1%	99,9 k €	+115%	46,6 k €	-33.1%	69,7 k €	+13.9%	61,1 k €	-57.6%	144,2 k €	-11.0%	162,1 k €	-28.6%	226,9 k €	-32.9%	338,3 k €	+12.2%	301,6 k €	+11.8%	269,9 k €
EBITDA	273,8 k €	+49.0%	183,7 k €	-44.4%	330,3 k €	+106%	160 k €	-27.7%	221,2 k €	-2.5%	226,8 k €	-19.6%	282 k €	+47.1%	191,6 k €	+9.0%	175,8 k €	+94.1%	90,6 k €	+154%	35,6 k €	-40.9%	60,3 k €	+183%	21,3 k €	-64.1%	59,3 k €	-5.3%	62,6 k €	-30.5%	90 k €	-35.2%	138,9 k €	-10.9%	155,9 k €	-14.9%	183,2 k €
Operating result	107,7 k €	+575%	15,9 k €	-86.9%	121,8 k €	+766%	14,1 k €	-80.2%	71,1 k €	+1608%	-4,7 k €	-104%	120,9 k €	+94.5%	62,2 k €	+79.7%	34,6 k €	-2.9%	35,6 k €	+7728%	-467,2 €	-101%	33,8 k €	+245%	-23,3 k €	-3935%	-578,7 €	+95.1%	-11,7 k €	+18.2%	-14,3 k €	-143%	33,2 k €	-50.8%	67,5 k €	-8.9%	74,1 k €
Net result	72,2 k €	+1010%	6,5 k €	-94.2%	111,8 k €	+789%	12,6 k €	-80.8%	65,3 k €	+641%	-12,1 k €	-104%	329,8 k €	+573%	49 k €	+62.2%	30,2 k €	-36.2%	47,3 k €	+1338%	3,3 k €	-90.2%	33,5 k €	+248%	-22,6 k €	-176%	29,6 k €	+362%	-11,3 k €	+31.5%	-16,5 k €	-176%	21,7 k €	-63.6%	59,8 k €	-18.6%	73,4 k €
Balance sheet
Equity	1,1 M €	+5.3%	1,1 M €	+0.6%	1,1 M €	+11.7%	951,2 k €	+1.3%	938,6 k €	+8.0%	869,3 k €	-1.4%	881,4 k €	+59.8%	551,6 k €	+9.7%	502,6 k €	+6.4%	472,4 k €	+11.1%	425,1 k €	+0.8%	421,8 k €	+8.6%	388,3 k €	-5.5%	410,9 k €	+7.8%	381,3 k €	-2.9%	392,6 k €	-4.0%	409,1 k €	+5.6%	387,3 k €	+18.3%	327,5 k €
Total assets	1,5 M €	+3.8%	1,4 M €	-5.3%	1,5 M €	-24.0%	2 M €	+53.9%	1,3 M €	+0.3%	1,3 M €	+9.7%	1,2 M €	+66.9%	694 k €	+3.1%	672,9 k €	+29.2%	520,9 k €	+14.9%	453,6 k €	-5.8%	481,4 k €	+11.5%	431,8 k €	-10.0%	479,7 k €	+3.1%	465,1 k €	-1.5%	472,3 k €	-12.1%	537,6 k €	+3.6%	518,9 k €	+23.3%	421 k €
Cash	451,9 k €	-16.8%	543 k €	+22.0%	445,2 k €	-32.7%	661,9 k €	+25.1%	528,9 k €	+75.1%	302,1 k €	-9.0%	331,9 k €	+99.0%	166,8 k €	-26.3%	226,2 k €	+83.9%	123 k €	+9.0%	112,8 k €	-31.1%	163,7 k €	+8.3%	151,1 k €	+0.6%	150,2 k €	+15.6%	130 k €	+277%	34,5 k €	-51.3%	70,8 k €	+34.4%	52,7 k €	-59.7%	130,5 k €
Debts	307,6 k €	-8.9%	337,6 k €	-20.2%	422,8 k €	-58.1%	1 M €	+206%	329,9 k €	-17.9%	401,6 k €	+45.1%	276,8 k €	+94.3%	142,5 k €	-16.3%	170,3 k €	+251%	48,6 k €	+70.5%	28,5 k €	-52.3%	59,7 k €	+37.3%	43,5 k €	-36.6%	68,6 k €	-18.1%	83,8 k €	+5.2%	79,6 k €	-38.0%	128,5 k €	-2.4%	131,6 k €	+40.9%	93,4 k €
Other
Workforce	4,4 ETP	+51.7%	2,9 ETP	0.0%	2,9 ETP	-17.1%	3,5 ETP	0.0%	3,5 ETP	-41.7%	6,0 ETP	+107%	2,9 ETP		–		–		–		–		–		0,7 ETP	-58.8%	1,7 ETP	-19.0%	2,1 ETP	-30.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+25.0%	2,4 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 · 16 ended

Active mandates

CARLO MOERS

Director · since 03 novembre 2025

Active

PTSM

Director · since 03 novembre 2025 · 0716.765.167

Represented by MOERS PIETER

Active

JEANNINE JACOBS

Director · since 07 juillet 2010

Active

Ended mandates

PTSM

Director · since 27 décembre 2018 · 0716.765.167

Represented by MOERS CARLO

Ended

PTSM

Director · since 27 décembre 2018 · 0716.765.167

Represented by MOERS CARLO

Ended

PIETER MOERS

Director · since 07 juillet 2010

Ended

Jeannine Jacobs

Director · since 01 juillet 2010

Ended

At this address

Other companies at this address

Company	CBE no.
PTSM● Active	0716.765.167

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	31/07/2026	20/08/2025	26/07/2024	26/07/2023	27/07/2022	29/07/2021
General meeting	30/06/2026	13/08/2025	24/06/2024	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	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	13/08/2025	20/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	27/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	21/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	21/08/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	24/07/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	27/08/2007	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 · 16 ended

Active mandates

CARLO MOERS

Director · since 03 novembre 2025

Active

PTSM

Director · since 03 novembre 2025 · 0716.765.167

Represented by MOERS PIETER

Active

JEANNINE JACOBS

Director · since 07 juillet 2010

Active

Ended mandates

PTSM

Director · since 27 décembre 2018 · 0716.765.167

Represented by MOERS CARLO

Ended

PTSM

Director · since 27 décembre 2018 · 0716.765.167

Represented by MOERS CARLO

Ended

PIETER MOERS

Director · since 07 juillet 2010

Ended

Jeannine Jacobs

Director · since 01 juillet 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other23/10/2019
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates19/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/10/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office13/04/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/12/2003
KAPITAAL - AANDELEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
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 202572,2 k €↑
2024
Annual accounts 20246,5 k €↓
2023
Annual accounts 2023111,8 k €↑
2022
Annual accounts 202212,6 k €↓
2021
Annual accounts 202165,3 k €↑
2019
Annual accounts 2019-12,1 k €↓
2018
Annual accounts 2018329,8 k €↑
2017
Annual accounts 201749 k €↑
2016
Annual accounts 201630,2 k €↓
2015
Annual accounts 201547,3 k €↑
2014
Annual accounts 20143,3 k €↓
2013
Annual accounts 201333,5 k €↑
2012
Annual accounts 2012-22,6 k €↓
2011
Annual accounts 201129,6 k €↑
2010
Annual accounts 2010-11,3 k €↑
2009
Annual accounts 2009-16,5 k €↓
2008
Annual accounts 200821,7 k €↓
2007
Annual accounts 200759,8 k €↓
2006
Annual accounts 200673,4 k €
01/03/1991
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

MOERS

Overview

What does MOERS do?

Trend over 19 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