ACTIVE

MERLIER IMMO

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Financial year 2025 · closed on 30/09/2025

Net result

175,1 k €

+21.1% YoY

Gross margin

1,6 M €

+19.2% YoY

Equity

950,9 k €

-2.6% YoY

Workforce

14,8 ETP

+22.3% YoY

What does MERLIER IMMO do?

MERLIER IMMO is a Private limited company incorporated in 2000. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Zwevegem. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.586.761

Incorporation

21/12/2000

Legal form

Private limited company

Registered office

Esserstraat(Z) 18
8550 Zwevegem · FlandreSee on map

Contributed capital

6 205,32 €

Latest accounts

30/09/2025

Average workforce

14,8 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68110Buying and selling of own real estate 70200Management consultancy activities

Joint committees (4)

111
11100
209
20900

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,6 M €	+19.2%	1,3 M €	+1.6%	1,3 M €	+9.8%	1,2 M €	-6.6%	1,3 M €	+11.2%	1,1 M €	-8.4%	1,2 M €	+3.6%	1,2 M €	+9.9%	1,1 M €	-5.9%	1,1 M €	+34.3%	856 k €	+8.6%	788,4 k €	+3.0%	765,5 k €	+1.2%	756,7 k €	+22.8%	616,3 k €	+20.1%	513 k €	+8.6%	472,4 k €	+132%	203,2 k €	-15.3%	239,9 k €
EBITDA	606,7 k €	+35.7%	447 k €	+10.1%	405,9 k €	+23.0%	330,1 k €	-11.1%	371,5 k €	+28.5%	289 k €	-1.4%	293,1 k €	-27.2%	402,7 k €	-5.2%	424,6 k €	-29.6%	602,7 k €	+56.4%	385,4 k €	+35.5%	284,4 k €	-25.1%	379,5 k €	-6.6%	406,2 k €	+21.9%	333,1 k €	+34.5%	247,6 k €	-8.6%	270,9 k €	+182%	96,1 k €	-38.0%	155 k €
Operating result	301,4 k €	+29.0%	233,6 k €	+5.8%	220,9 k €	+36.0%	162,4 k €	-19.9%	202,7 k €	+532%	32,1 k €	-70.6%	108,9 k €	-62.0%	286,3 k €	-7.1%	308,2 k €	-39.2%	507,2 k €	+71.5%	295,7 k €	+93.8%	152,6 k €	-36.5%	240,2 k €	+6.0%	226,6 k €	+173%	83,1 k €	-23.9%	109,2 k €	-34.9%	167,7 k €	+2506%	-7 k €	-110%	73,1 k €
Net result	175,1 k €	+21.1%	144,6 k €	+27.9%	113,1 k €	+26.5%	89,4 k €	-20.8%	112,8 k €	+456%	-31,7 k €	-176%	41,6 k €	-67.1%	126,5 k €	-18.6%	155,3 k €	-41.4%	265 k €	+41.7%	187 k €	+4121%	4,4 k €	-96.2%	117,3 k €	+1.7%	115,3 k €	+7242%	1,6 k €	-94.2%	27,2 k €	-70.2%	91,3 k €	+208%	-84,5 k €	-2230%	4 k €
Balance sheet
Equity	950,9 k €	-2.6%	976,6 k €	+17.4%	832 k €	+15.6%	719,7 k €	+14.0%	631,1 k €	+21.6%	519,1 k €	-5.8%	550,8 k €	+8.2%	509,2 k €	+6.6%	477,8 k €	+11.8%	427,5 k €	+36.8%	312,4 k €	+32.7%	235,4 k €	+1.9%	231 k €	+103%	113,7 k €	+94.8%	58,4 k €	+2.8%	56,8 k €	+46.8%	38,7 k €	+189%	-43,6 k €	-207%	40,8 k €
Total assets	3,3 M €	-1.5%	3,4 M €	+18.3%	2,9 M €	-2.0%	2,9 M €	+1.9%	2,9 M €	-6.2%	3 M €	+47.5%	2,1 M €	+10.2%	1,9 M €	+8.7%	1,7 M €	+9.7%	1,6 M €	+8.9%	1,4 M €	-4.4%	1,5 M €	+4.4%	1,4 M €	+5.4%	1,4 M €	-0.1%	1,4 M €	+13.7%	1,2 M €	+10.7%	1,1 M €	+6.3%	1 M €	+12.3%	911,7 k €
Cash	102,8 k €	-37.4%	164,4 k €	-31.9%	241,4 k €	+167%	90,5 k €	+9.5%	82,7 k €	-41.4%	141 k €	+216%	44,7 k €	-48.1%	86,1 k €	+112%	40,7 k €	-67.3%	124,5 k €	+151%	49,6 k €	+544%	7,7 k €	+607%	1,1 k €	-92.1%	13,8 k €	-29.5%	19,6 k €	-3.6%	20,4 k €	+29.2%	15,8 k €	+1180%	1,2 k €	-95.9%	30 k €
Debts	2,4 M €	-0.6%	2,4 M €	+18.7%	2 M €	-8.3%	2,2 M €	-1.4%	2,2 M €	-12.0%	2,5 M €	+67.3%	1,5 M €	+11.2%	1,4 M €	+9.1%	1,2 M €	+8.9%	1,1 M €	+1.2%	1,1 M €	-11.1%	1,3 M €	+4.9%	1,2 M €	-3.5%	1,3 M €	-4.4%	1,3 M €	+14.2%	1,1 M €	+9.3%	1 M €	-1.7%	1,1 M €	+23.2%	866,2 k €
Other
Workforce	14,8 ETP	+22.3%	12,1 ETP	-5.5%	12,8 ETP	-3.8%	13,3 ETP	-7.6%	14,4 ETP	-9.4%	15,9 ETP	+3.9%	15,3 ETP	+17.7%	13,0 ETP	+8.3%	12,0 ETP	+10.1%	10,9 ETP	+14.7%	9,5 ETP	-5.0%	10,0 ETP	+14.9%	8,7 ETP	+8.7%	8,0 ETP	+17.6%	6,8 ETP	+15.3%	5,9 ETP	+37.2%	4,3 ETP	+53.6%	2,8 ETP	+12.0%	2,5 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 30/09/2025 · 1 active · 6 ended

Active mandates

Steven Merlier

Director

Active

Ended mandates

Merlier Steven

Director · since 01 octobre 2003

Ended

Steven Merlier

Manager · since 01 octobre 2003

Ended

John Merlier

Director · since 19 décembre 2000 · until 07 avril 2023

Ended

JOHN MERLIER

Director · since 19 décembre 2000

Ended

At this address

Other companies at this address

Company	CBE no.
MERLIER MACHINES● Active	0734.581.295
MERLIER SLIJPERIJ● Active	1037.583.957
SharpZ● Active	1039.088.744

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/03/2026	30/04/2025	22/05/2024	23/05/2023	05/07/2022	28/05/2021
General meeting	27/02/2026	29/04/2025	30/04/2024	02/05/2023	14/06/2022	28/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	30/09/2025	27/02/2026	25/03/2026	Dutch	PDF
Abridged model	30/09/2025	09/02/2026	17/02/2026	Dutch	PDF
Abridged model	30/09/2024	29/04/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	30/04/2024	22/05/2024	Dutch	PDF
Abridged model	30/09/2022	02/05/2023	23/05/2023	Dutch	PDF
Abridged model	30/09/2021	14/06/2022	05/07/2022	Dutch	PDF
Abridged model	30/09/2020	28/05/2021	28/05/2021	Dutch	PDF
Abridged model	30/09/2019	28/04/2020	12/05/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	13/03/2019	Dutch	PDF
Abridged model	30/09/2017	02/03/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	23/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	17/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	17/03/2014	Dutch	PDF
Abridged model	30/09/2012	07/03/2013	14/03/2013	Dutch	PDF
Abridged model	30/09/2011	08/03/2012	27/03/2012	Dutch	PDF
Abridged model	30/09/2010	01/03/2011	07/03/2011	Dutch	PDF
Abridged model	30/09/2009	02/03/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	03/03/2009	13/03/2009	Dutch	PDF
Abridged model	30/09/2007	04/03/2008	12/03/2008	Dutch	PDF
Abridged model	30/09/2006	06/03/2007	12/03/2007	Dutch	PDF

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 30/09/2025 · 1 active · 6 ended

Active mandates

Steven Merlier

Director

Active

Ended mandates

Merlier Steven

Director · since 01 octobre 2003

Ended

Steven Merlier

Manager · since 01 octobre 2003

Ended

John Merlier

Director · since 19 décembre 2000 · until 07 avril 2023

Ended

JOHN MERLIER

Director · since 19 décembre 2000

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring12/05/2026
BENAMING - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/04/2023
WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/01/2008
MAATSCHAPPELIJKE ZETEL
PDF
Registered office26/01/2005
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2003
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/10/2003
MAATSCHAPPELIJKE ZETEL
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 2025175,1 k €↑
2024
Annual accounts 2024144,6 k €↑
2023
Annual accounts 2023113,1 k €↑
2022
Annual accounts 202289,4 k €↓
2022
Name changeMerlier Slijperij
2021
Annual accounts 2021112,8 k €↑
2021
Name changeSLIJPERIJ JOHN MERLIER
2020
Annual accounts 2020-31,7 k €↓
2019
Annual accounts 201941,6 k €↓
2018
Annual accounts 2018126,5 k €↓
2017
Annual accounts 2017155,3 k €↓
2016
Annual accounts 2016265 k €↑
2015
Annual accounts 2015187 k €↑
2014
Annual accounts 20144,4 k €↓
2013
Annual accounts 2013117,3 k €↑
2012
Annual accounts 2012115,3 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 201027,2 k €↓
2009
Annual accounts 200991,3 k €↑
2008
Annual accounts 2008-84,5 k €↓
2007
Annual accounts 20074 k €
21/12/2000
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

MERLIER IMMO

Overview

What does MERLIER IMMO 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