ACTIVE

Moerman

Financial year 2025 · closed on 31/12/2025
Net result
-1,9 k €
-9499.7% YoY
Gross margin
286,1 k €
+3.7% YoY
Equity
215,7 k €
-0.9% YoY
Workforce
3,0 ETP
0.0% YoY

What does Moerman do?

Moerman is a Public limited company incorporated in 1992. Its registered office is in Gavere. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0447.079.037
Incorporation
27/03/1992
Legal form
Public limited company
Registered office
Populierenhof 82
9890 Gavere · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Joint committees (2)
  • 124
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Gross margin286,1 k €275,8 k €338,2 k €211,3 k €238,4 k €351,1 k €352,2 k €356,7 k €396,9 k €372,1 k €370,6 k €533,2 k €473,1 k €571,9 k €405,7 k €542,3 k €702,3 k €413,4 k €375,5 k €
EBITDA66,6 k €57,3 k €127,7 k €16,1 k €51,3 k €62,3 k €70,9 k €54,7 k €62,2 k €66,8 k €94,9 k €222,8 k €136,8 k €197,7 k €130,6 k €286,1 k €418,6 k €205,9 k €148,9 k €
Operating result22,6 k €24,7 k €104,2 k €-20,7 k €12,2 k €8,5 k €18,0 k €20,5 k €21,2 k €22,5 k €53,6 k €174,4 k €99,0 k €136,6 k €78,6 k €234,5 k €364,4 k €164,6 k €119,8 k €
Net result-1,9 k €20,3 €56,1 k €-38,2 k €-2,0 k €-6,3 k €2,9 k €4,0 k €2,0 k €4,6 €34,7 k €125,8 k €62,8 k €75,3 k €37,1 k €146,9 k €251,2 k €104,9 k €76,8 k €
Balance sheet
Equity215,7 k €217,6 k €217,6 k €161,5 k €199,7 k €562,7 k €569,0 k €566,1 k €562,1 k €560,1 k €560,1 k €525,4 k €558,7 k €495,8 k €420,5 k €624,4 k €617,5 k €466,3 k €365,4 k €
Total assets554,8 k €628,2 k €610,4 k €434,2 k €521,2 k €892,9 k €958,8 k €857,2 k €857,5 k €951,4 k €1,0 M €1,1 M €850,2 k €1,1 M €1,0 M €998,1 k €1,0 M €616,7 k €539,9 k €
Cash210,1 k €203,2 k €210,0 k €94,8 k €153,0 k €405,5 k €505,2 k €494,7 k €443,6 k €491,8 k €586,0 k €515,1 k €109,0 k €308,8 k €626,0 k €573,4 k €551,4 k €155,9 k €204,4 k €
Debts237,1 k €325,6 k €307,7 k €188,7 k €223,0 k €247,4 k €307,5 k €209,3 k €214,2 k €310,7 k €449,4 k €581,7 k €291,5 k €622,1 k €592,2 k €373,7 k €393,7 k €150,4 k €174,6 k €
Other
Workforce3,0 ETP3,0 ETP3,0 ETP3,0 ETP3,1 ETP5,0 ETP5,1 ETP5,8 ETP7,2 ETP6,1 ETP5,5 ETP6,2 ETP6,6 ETP6,7 ETP6,5 ETP5,5 ETP6,0 ETP4,0 ETP5,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

ELSIE VANAELST

Director · since 23 décembre 2021

Active
RONNY MOERMAN

Managing director · since 23 décembre 2021

Active
SYLTHIRON

Managing director · since 23 décembre 2021 · 0870.829.673

Represented by Moerman Ronny

Active

Ended mandates

Ronny Moerman

Managing director · since 23 décembre 2016 · until 23 décembre 2022

Ended
SYLTHIRON

Managing director · since 23 décembre 2016 · until 23 décembre 2022 · 0870.829.673

Represented by Ronny Moerman

Ended
Christiana De Villers

Director · since 23 décembre 2004 · until 23 décembre 2010

Ended
Ronny Moerman

Managing director · since 23 décembre 2004 · until 23 décembre 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202616/06/202504/07/202421/08/202306/07/202208/07/2021
General meeting22/05/202623/05/202524/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/05/202603/07/2026DutchPDF
Abridged model31/12/202423/05/202516/06/2025DutchPDF
Abridged model31/12/202324/05/202404/07/2024DutchPDF
Abridged model31/12/202226/05/202321/08/2023DutchPDF
Abridged model31/12/202127/05/202206/07/2022DutchPDF
Abridged model31/12/202028/05/202108/07/2021DutchPDF
Abridged model31/12/201922/05/202010/07/2020DutchPDF
Abridged model31/12/201824/05/201912/08/2019DutchPDF
Abridged model31/12/201725/05/201817/08/2018DutchPDF
Abridged model31/12/201626/05/201730/08/2017DutchPDF
Abridged model31/12/201527/05/201631/08/2016DutchPDF
Abridged model31/12/201428/05/201527/08/2015DutchPDF
Abridged modelCorrection31/12/201329/05/201420/08/2015DutchPDF
Abridged model31/12/201329/05/201429/08/2014DutchPDF
Abridged model31/12/201230/05/201311/07/2013DutchPDF
Abridged model31/12/201131/05/201222/08/2012DutchPDF
Abridged model31/12/201026/05/201113/07/2011DutchPDF
Abridged model31/12/200927/05/201025/08/2010DutchPDF
Abridged model31/12/200828/05/200926/03/2010DutchPDF
Abridged modelCorrection31/12/200711/08/200826/08/2008DutchPDF
Abridged model31/12/200722/05/200816/06/2008DutchPDF
Abridged model31/12/200624/05/200718/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 14 ended

Active mandates

ELSIE VANAELST

Director · since 23 décembre 2021

Active
RONNY MOERMAN

Managing director · since 23 décembre 2021

Active
SYLTHIRON

Managing director · since 23 décembre 2021 · 0870.829.673

Represented by Moerman Ronny

Active

Ended mandates

Ronny Moerman

Managing director · since 23 décembre 2016 · until 23 décembre 2022

Ended
SYLTHIRON

Managing director · since 23 décembre 2016 · until 23 décembre 2022 · 0870.829.673

Represented by Ronny Moerman

Ended
Christiana De Villers

Director · since 23 décembre 2004 · until 23 décembre 2010

Ended
Ronny Moerman

Managing director · since 23 décembre 2004 · until 23 décembre 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/07/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates10/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares05/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates06/05/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/09/2008
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates10/06/2005
    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

Timeline

  1. 2025
    Annual accounts 2025-1,9 k €
  2. 2024
    Annual accounts 202420,3 €
  3. 2023
    Annual accounts 202356,1 k €
  4. 2022
    Annual accounts 2022-38,2 k €
  5. 2021
    Annual accounts 2021-2,0 k €
  6. 2019
    Annual accounts 2019-6,3 k €
  7. 2018
    Annual accounts 20182,9 k €
  8. 2017
    Annual accounts 20174,0 k €
  9. 2016
    Annual accounts 20162,0 k €
  10. 2015
    Annual accounts 20154,6 €
  11. 2014
    Annual accounts 201434,7 k €
  12. 2013
    Annual accounts 2013125,8 k €
  13. 2012
    Annual accounts 201262,8 k €
  14. 2011
    Annual accounts 201175,3 k €
  15. 2010
    Annual accounts 201037,1 k €
  16. 2009
    Annual accounts 2009146,9 k €
  17. 2008
    Annual accounts 2008251,2 k €
  18. 2007
    Annual accounts 2007104,9 k €
  19. 2006
    Annual accounts 200676,8 k €
  20. 27/03/1992
    IncorporationPublic limited company