ACTIVE

MERCATOR

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Financial year 2025 · closed on 31/12/2025

Net result

911,2 k €

+3.7% YoY

Gross margin

126,2 k €

+43.2% YoY

Equity

7,9 M €

+13.0% YoY

Workforce

2,0 ETP

0.0% YoY

What does MERCATOR do?

MERCATOR is a Private limited company incorporated in 1997. Its registered office is in Büllingen. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.675.962

Incorporation

16/05/1997

Legal form

Private limited company

Registered office

Lanzerath 108
4760 Büllingen · WallonieSee on map

Contributed capital

1 271 859,20 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	126,2 k €	+43.2%	88,2 k €	-29.3%	124,8 k €	+9.3%	114,2 k €		–		–		–		–		124,6 k €	+3.0%	120,9 k €	-20.1%	151,4 k €	+759%	17,6 k €	-85.8%	124,5 k €	+5.7%	117,8 k €	-7.3%	127,1 k €	-9.0%	139,6 k €	-53.6%	301 k €	+108%	144,9 k €	-2.7%	149 k €	+110%	70,9 k €
EBITDA	36,2 k €	+250%	-24,2 k €	-212%	21,6 k €	-51.6%	44,5 k €	-48.8%	87 k €	+60.0%	54,4 k €	-55.2%	121,3 k €	+2.5%	118,4 k €	+31.0%	90,4 k €	+17.8%	76,8 k €	-32.6%	113,9 k €	+618%	-22 k €	-118%	123,1 k €	+5.8%	116,4 k €	-5.0%	122,6 k €	-10.9%	137,5 k €	-53.2%	294 k €	+106%	142,7 k €	-3.4%	147,7 k €	+115%	68,8 k €
Operating result	-247,1 k €	+5.5%	-261,6 k €	-10.7%	-236,2 k €	-93.8%	-121,9 k €	-614%	23,7 k €	+669%	-4,2 k €	-107%	59,8 k €	+28.2%	46,7 k €	+2841%	-1,7 k €	-121%	8,3 k €	-84.9%	54,6 k €	+191%	-59,8 k €	-156%	106,4 k €	+3.2%	103,2 k €	-6.7%	110,5 k €	-14.9%	129,9 k €	-54.5%	285,3 k €	+109%	136,4 k €	-2.8%	140,4 k €	+128%	61,5 k €
Net result	911,2 k €	+3.7%	878,6 k €	+623%	-168,1 k €	+70.1%	-561,8 k €	-189%	628,6 k €	+2151%	27,9 k €	-66.1%	82,3 k €	+6.4%	77,3 k €	+101%	38,4 k €	-17.8%	46,8 k €	-53.0%	99,5 k €	-10.9%	111,6 k €	+125%	49,6 k €	-98.8%	4,2 M €	+5708%	72,2 k €	+10.0%	65,6 k €	-60.9%	168 k €	+131%	72,7 k €	+2.5%	70,9 k €	+229%	21,6 k €
Balance sheet
Equity	7,9 M €	+13.0%	7 M €	+9.8%	6,4 M €	-2.6%	6,6 M €	+11.7%	5,9 M €	+12.0%	5,3 M €	+0.5%	5,2 M €	+1.6%	5,1 M €	+1.5%	5,1 M €	+0.8%	5 M €	+0.9%	5 M €	+2.0%	4,9 M €	+2.3%	4,8 M €	+1.0%	4,7 M €	+792%	529,1 k €	+15.8%	456,9 k €	+16.8%	391,3 k €	+75.2%	223,3 k €	+48.3%	150,6 k €	+89.1%	79,6 k €
Total assets	10 M €	+9.5%	9,1 M €	+10.7%	8,3 M €	+0.6%	8,2 M €	+11.4%	7,4 M €	+3.0%	7,2 M €	+2.9%	7 M €	+1.3%	6,9 M €	+10.6%	6,2 M €	+0.3%	6,2 M €	+0.1%	6,2 M €	+25.1%	4,9 M €	+0.8%	4,9 M €	-3.7%	5,1 M €	+379%	1,1 M €	+10.1%	965,9 k €	+4.5%	924,1 k €	+3.9%	889,3 k €	+1.8%	873,2 k €	+0.9%	865,2 k €
Cash	1,1 M €	+438%	196,3 k €	-5.2%	207,1 k €	-73.1%	769,8 k €	+107%	372,5 k €	+423%	71,3 k €	-28.9%	100,3 k €	-24.2%	132,3 k €	-56.2%	301,8 k €	-54.0%	655,4 k €	-54.6%	1,4 M €	+3.4%	1,4 M €	-38.8%	2,3 M €	-41.5%	3,9 M €	+117480%	3,3 k €	-56.3%	7,6 k €	-59.9%	18,9 k €	+8992%	207,9 €	+421%	39,9 €	-98.6%	2,9 k €
Debts	2,1 M €	-1.8%	2,1 M €	+13.4%	1,8 M €	+12.9%	1,6 M €	+10.1%	1,5 M €	-21.4%	1,9 M €	+9.5%	1,7 M €	+0.3%	1,7 M €	+50.6%	1,1 M €	-1.9%	1,2 M €	-3.6%	1,2 M €	+1732%	65,9 k €	-52.3%	138,2 k €	-63.3%	377 k €	-29.4%	533,9 k €	+4.9%	509 k €	-4.5%	532,8 k €	-20.0%	666 k €	-7.8%	722,6 k €	-8.0%	785,6 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+25.0%	1,6 ETP	+100%	0,8 ETP	+300%	0,2 ETP	-87.5%	1,6 ETP		–		0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–

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 · 3 active · 3 ended

Active mandates

Ariane GABRIEL

Director · since 01 juin 2021

Active

Norbert HAAS

Director · since 01 juin 2021

Active

Thomas HAAS

Manager

Active

Ended mandates

Thomas HAAS

Managing director · since 01 juin 2021

Ended

MERCATOR

Manager · 0460.675.962

Ended

Thomas HAAS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BHG AG● Active	0878.951.840
Partum AG● Active	0692.856.053

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	23/07/2026	26/06/2025	26/07/2024	31/08/2023	29/08/2022	30/08/2021
General meeting	29/06/2026	30/05/2025	28/06/2024	31/03/2023	31/03/2022	31/03/2021
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	29/06/2026	23/07/2026	German	PDF
Abridged model	31/12/2024	30/05/2025	26/06/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	26/07/2024	German	PDF
Abridged model	31/12/2022	31/03/2023	31/08/2023	German	PDF
Full model	31/12/2021	31/03/2022	29/08/2022	German	PDF
Full model	31/12/2020	31/03/2021	30/08/2021	German	PDF
Full model	31/12/2019	31/03/2020	27/10/2020	German	PDF
Full model	31/12/2018	31/03/2019	29/08/2019	German	PDF
Abridged model	31/12/2017	31/03/2018	31/08/2018	German	PDF
Abridged model	31/12/2016	31/03/2017	31/08/2017	German	PDF
Abridged model	31/12/2015	31/03/2016	31/08/2016	German	PDF
Abridged model	31/12/2014	31/03/2015	26/08/2015	German	PDF
Abridged model	31/12/2013	31/03/2014	29/08/2014	German	PDF
Abridged model	31/12/2012	31/03/2013	31/08/2013	German	PDF
Abridged model	31/12/2011	31/03/2012	30/08/2012	German	PDF
Abridged model	31/12/2010	31/03/2011	30/08/2011	German	PDF
Abridged model	31/12/2009	31/03/2010	26/08/2010	German	PDF
Abridged model	31/12/2008	31/03/2009	24/08/2009	German	PDF
Abridged model	31/12/2007	31/03/2008	25/08/2008	German	PDF
Abridged model	31/12/2006	30/06/2007	23/08/2007	German	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 · 3 active · 3 ended

Active mandates

Ariane GABRIEL

Director · since 01 juin 2021

Active

Norbert HAAS

Director · since 01 juin 2021

Active

Thomas HAAS

Manager

Active

Ended mandates

Thomas HAAS

Managing director · since 01 juin 2021

Ended

MERCATOR

Manager · 0460.675.962

Ended

Thomas HAAS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/12/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Other09/11/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - GEGENSTAND
PDF
Mandates05/07/2021
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - AENDERUNG RECHTSFORM - VERSCHIEDENES - KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG
PDF
Registered office19/04/2018
GESELLSCHAFTSNAME - GESELLSCHAFTSSITZ - KAPITAL - AKTIEN
PDF
Registered office04/03/2014
GESELLSCHAFTSSITZ
PDF
Mandates24/04/2006
ENTLASSUNG - ERNENNUNG
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 2025911,2 k €↑
2024
Annual accounts 2024878,6 k €↑
2023
Annual accounts 2023-168,1 k €↑
2022
Annual accounts 2022-561,8 k €↓
2021
Annual accounts 2021628,6 k €↑
2020
Annual accounts 202027,9 k €↓
2019
Annual accounts 201982,3 k €↑
2018
Annual accounts 201877,3 k €↑
2017
Annual accounts 201738,4 k €↓
2017
Name changeMERCATOR
2016
Annual accounts 201646,8 k €↓
2015
Annual accounts 201599,5 k €↓
2014
Annual accounts 2014111,6 k €↑
2013
Annual accounts 201349,6 k €↓
2012
Annual accounts 20124,2 M €↑
2011
Annual accounts 201172,2 k €↑
2010
Annual accounts 201065,6 k €↓
2009
Annual accounts 2009168 k €↑
2008
Annual accounts 200872,7 k €↑
2007
Annual accounts 200770,9 k €↑
2006
Annual accounts 200621,6 k €
2006
Name changeTHOMAS HAAS
16/05/1997
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

MERCATOR

Overview

What does MERCATOR do?

Trend over 20 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