ACTIVE

MUNO

Financial year 2025 · closed on 31/03/2025
Net result
437,5 k €
-16.7% YoY
Revenue
1,5 M €
+217.1% YoY
Equity
9,5 M €
+4.6% YoY
Workforce
32,6 ETP
+1530.0% YoY

What does MUNO do?

MUNO is a Private limited company incorporated in 1996. Its main activity is: Activities of holding companies. Its registered office is in Zottegem. It employs on average 32,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0458.271.253
Incorporation
21/06/1996
Legal form
Private limited company
Registered office
Ballingsweg 16
9620 Zottegem · FlandreSee on map
Contributed capital
8 488 592,00 €
Latest accounts
31/03/2025
Average workforce
32,6 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityPositive cashflowHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022201820172016201520142013201220112010200920082007
Income statement
Revenue1,5 M €472,4 k €284 k €241 k €4,4 k €4,4 k €4 k €4 k €4 k €4 k €7,3 k €41,1 k €52,2 k €4 k €4 k €4 k €
EBITDA-19,4 k €39,1 k €144,4 k €17,4 k €41,7 €-98,8 €-456,2 €-149,8 €39,7 €161,2 €1,7 k €428,9 €1,3 k €1,1 k €1,3 k €1 k €
Operating result-58,5 k €29,4 k €141,9 k €17,4 k €41,7 €-98,8 €-456,2 €-149,8 €39,7 €161,2 €1,7 k €428,9 €1,3 k €1,1 k €1,3 k €1 k €
Net result437,5 k €525,4 k €95,6 k €-75,3 k €967,6 €970,9 €201,5 €282,4 €7,6 k €484,5 €1,2 k €-20,8 €730 €5,7 k €814,1 €749,9 €
Balance sheet
Equity9,5 M €9 M €8,5 M €8,4 M €40,8 k €39,8 k €38,9 k €38,7 k €38,4 k €30,7 k €30,3 k €29 k €29 k €28,3 k €22,6 k €21,7 k €
Total assets20,1 M €11,3 M €11,8 M €12 M €40,9 k €39,8 k €38,9 k €38,7 k €40,5 k €35,7 k €40,7 k €51,3 k €49,1 k €29,3 k €23,4 k €23 k €
Cash69,1 k €17 k €6,6 k €18,1 k €2 k €1,6 k €4,9 k €3,7 k €10,3 k €24,5 k €28,4 k €35,3 k €28,5 k €1,8 k €1,3 k €124,8 €
Debts10,6 M €2,2 M €3,3 M €3,5 M €76,2 €2,2 k €5 k €10,4 k €22,3 k €20,1 k €952 €500 €995,8 €
Other
Workforce32,6 ETP2,0 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2024 · 2 active · 6 ended

Active mandates

Geert Mertens

Director · since 12 mars 2021

Active
Marie-Christine Forrez

Director · since 12 mars 2021

Active

Ended mandates

Egon Braem

Director · since 27 décembre 2019

Ended
Geert Mertens

Director · since 21 juin 1996

Ended
Geert Mertens

Director

Ended
Geert MERTENS

Manager

Ended
Annual accounts

Full financial information

202520242023202220202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/04/202201/10/202001/10/201901/10/2018
Closing of the financial year31/03/202531/03/202431/03/202331/03/202230/09/202030/09/2019
Length of the financial year12 months12 months12 months18 months12 months12 months
Filing date31/10/202511/10/202426/09/202317/10/202208/04/202116/04/2020
General meeting30/10/202521/09/202416/09/202317/09/202215/03/202108/04/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202530/10/202531/10/2025DutchPDF
Full model31/03/202421/09/202411/10/2024DutchPDF
Full model31/03/202316/09/202326/09/2023DutchPDF
Full model31/03/202217/09/202217/10/2022DutchPDF
Full model30/09/202015/03/202108/04/2021DutchPDF
Full model30/09/201908/04/202016/04/2020DutchPDF
Full model30/09/201811/02/201912/03/2019DutchPDF
Full model30/09/201715/02/201826/03/2018DutchPDF
Full model30/09/201621/01/201728/02/2017DutchPDF
Full model30/09/201516/01/201612/02/2016DutchPDF
Full model30/09/201417/01/201527/01/2015DutchPDF
Full model30/09/201318/01/201417/02/2014DutchPDF
Full model30/09/201219/01/201318/02/2013DutchPDF
Full model30/09/201131/03/201225/04/2012DutchPDF
Full model30/09/201015/01/201114/02/2011DutchPDF
Full model30/09/200916/01/201008/03/2010DutchPDF
Full model30/09/200821/03/200930/04/2009DutchPDF
Full model30/09/200728/03/200825/04/2008DutchPDF
Full model30/09/200617/02/200719/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/03/2024 · 2 active · 6 ended

Active mandates

Geert Mertens

Director · since 12 mars 2021

Active
Marie-Christine Forrez

Director · since 12 mars 2021

Active

Ended mandates

Egon Braem

Director · since 27 décembre 2019

Ended
Geert Mertens

Director · since 21 juin 1996

Ended
Geert Mertens

Director

Ended
Geert MERTENS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring19/01/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring17/11/2025
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring05/09/2025
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates19/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/10/2021
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates08/04/2021
    MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates06/01/2021
    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 2025437,5 k €
  2. 2025
    Name changeMUNO
  3. 2024
    Annual accounts 2024525,4 k €
  4. 2023
    Annual accounts 202395,6 k €
  5. 2022
    Annual accounts 2022-75,3 k €
  6. 2018
    Annual accounts 2018967,6 €
  7. 2017
    Annual accounts 2017970,9 €
  8. 2016
    Annual accounts 2016201,5 €
  9. 2015
    Annual accounts 2015282,4 €
  10. 2014
    Annual accounts 20147,6 k €
  11. 2013
    Annual accounts 2013484,5 €
  12. 2012
    Annual accounts 20121,2 k €
  13. 2011
    Annual accounts 2011-20,8 €
  14. 2010
    Annual accounts 2010730 €
  15. 2009
    Annual accounts 20095,7 k €
  16. 2008
    Annual accounts 2008814,1 €
  17. 2007
    Annual accounts 2007749,9 €
  18. 2007
    Name changeNorisc
  19. 21/06/1996
    IncorporationPrivate limited company