ACTIVE

MERTENS KURT

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Financial year 2025 · closed on 31/12/2025

Net result

39,4 k €

+135.0% YoY

Gross margin

82,8 k €

+63.8% YoY

Equity

217,3 k €

+22.2% YoY

What does MERTENS KURT do?

MERTENS KURT is a Private limited company incorporated in 2001. Its main activity is: Construction of buildings. Its registered office is in Denderleeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.190.321

Incorporation

29/11/2001

Legal form

Private limited company

Registered office

Rabatten 5
9472 Denderleeuw · FlandreSee on map

Contributed capital

40 380,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	82,8 k €	+63.8%	50,6 k €	-35.4%	78,3 k €	-26.4%	106,3 k €	-17.8%	129,3 k €	-6.3%	137,9 k €	-27.7%	190,8 k €	+34.5%	141,9 k €	+4.6%	135,6 k €	+30.0%	104,3 k €	-9.0%	114,6 k €	-6.2%	122,2 k €	+8.6%	112,5 k €	-2.9%	115,8 k €	-6.5%	123,8 k €	-8.4%	135,2 k €	+31.3%	102,9 k €	-6.3%	109,8 k €	-6.7%	117,7 k €	-26.0%	158,9 k €
EBITDA	75,7 k €	+54.6%	48,9 k €	-35.1%	75,3 k €	+112%	35,5 k €	+7.5%	33 k €	-13.0%	37,9 k €	-35.6%	58,9 k €	+118%	27 k €	+20.6%	22,4 k €	+61.8%	13,8 k €	-23.7%	18,1 k €	-25.6%	24,4 k €	+2.3%	23,8 k €	-6.6%	25,5 k €	+134%	10,9 k €	-46.1%	20,2 k €	+33.6%	15,1 k €	+136%	6,4 k €	-75.6%	26,2 k €	-56.5%	60,2 k €
Operating result	63,3 k €	+167%	23,7 k €	-64.2%	66,2 k €	+193%	22,6 k €	+5.1%	21,5 k €	-19.7%	26,8 k €	-43.0%	47 k €	+155%	18,4 k €	+56.7%	11,7 k €	+158%	4,6 k €	-2.8%	4,7 k €	-33.0%	7 k €	+51.3%	4,6 k €	-37.5%	7,4 k €	+56.8%	4,7 k €	-9.0%	5,2 k €	+191%	-5,7 k €	+21.4%	-7,3 k €	-183%	8,8 k €	-78.6%	41,3 k €
Net result	39,4 k €	+135%	16,8 k €	-62.4%	44,5 k €	+263%	12,3 k €	+34.9%	9,1 k €	-45.4%	16,7 k €	-31.3%	24,3 k €	+144%	10 k €	+161%	3,8 k €	+88.0%	2 k €	+5.3%	1,9 k €	+5414%	35 €	-98.3%	2 k €	+22.3%	1,7 k €	-2.4%	1,7 k €	+31.6%	1,3 k €	+113%	-9,9 k €	+7.7%	-10,8 k €	-464%	3 k €	-39.3%	4,9 k €
Balance sheet
Equity	217,3 k €	+22.2%	177,8 k €	+10.4%	161,1 k €	+27.3%	126,5 k €	+10.8%	114,2 k €	+8.7%	105,1 k €	+18.8%	88,4 k €	+37.8%	64,2 k €	+18.4%	54,2 k €	+7.6%	50,4 k €	+4.2%	48,4 k €	+4.2%	46,4 k €	+0.1%	46,4 k €	-0.8%	46,8 k €	+3.7%	45,1 k €	-38.5%	73,4 k €	+1.8%	72,1 k €	-12.1%	82,1 k €	-25.7%	110,4 k €	+2.7%	107,5 k €
Total assets	311,7 k €	+32.2%	235,8 k €	-8.9%	258,7 k €	+33.4%	194 k €	+12.3%	172,7 k €	+3.1%	167,5 k €	+8.0%	155,1 k €	-3.8%	161,3 k €	+35.4%	119,1 k €	-16.2%	142,1 k €	+5.0%	135,4 k €	-24.7%	179,9 k €	+11.4%	161,5 k €	+0.6%	160,6 k €	+4.2%	154,1 k €	-4.0%	160,5 k €	-16.7%	192,8 k €	+28.5%	150 k €	-25.9%	202,4 k €	-30.6%	291,6 k €
Cash	82,3 k €	-3.9%	85,6 k €	+83.6%	46,6 k €	-11.9%	52,9 k €	+77.7%	29,8 k €	-25.5%	39,9 k €	-23.8%	52,4 k €	-22.6%	67,7 k €	+89.0%	35,8 k €	+3.9%	34,5 k €	+117%	15,9 k €	-57.9%	37,7 k €	+25.7%	30 k €	+129%	13,1 k €	-62.2%	34,6 k €	+38.9%	24,9 k €	-43.2%	43,9 k €	-13.9%	51 k €	-15.3%	60,2 k €	+24.9%	48,2 k €
Debts	94,4 k €	+63.0%	57,9 k €	-40.7%	97,6 k €	+44.6%	67,5 k €	+15.4%	58,5 k €	-6.3%	62,4 k €	-6.5%	66,7 k €	-31.3%	97,1 k €	+49.7%	64,9 k €	-29.3%	91,7 k €	+5.4%	87 k €	-34.8%	133,4 k €	+15.9%	115,1 k €	+1.2%	113,8 k €	+4.4%	108,9 k €	+25.0%	87,1 k €	-27.8%	120,6 k €	+77.5%	68 k €	-26.1%	92 k €	-50.0%	184,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,4 ETP	+9.1%	2,2 ETP	-38.9%	3,6 ETP	+28.6%	2,8 ETP	+7.7%	2,6 ETP	-16.1%	3,1 ETP	+40.9%	2,2 ETP	-24.1%	2,9 ETP	+11.5%	2,6 ETP	-3.7%	2,7 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 · 2 active · 3 ended

Active mandates

Erica Breynaert

Director

Active

Kurt Mertens

Director

Active

Ended mandates

Erica Breynaert

Director · since 03 novembre 2005

Ended

Kurt Mertens

Director · since 27 novembre 2001

Ended

Kurt Mertens

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	21/08/2026	11/07/2025	15/07/2024	12/07/2023	20/07/2022	23/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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
Micro model	31/12/2025	30/06/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	15/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	23/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	26/08/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	23/07/2007	Dutch	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 · 2 active · 3 ended

Active mandates

Erica Breynaert

Director

Active

Kurt Mertens

Director

Active

Ended mandates

Erica Breynaert

Director · since 03 novembre 2005

Ended

Kurt Mertens

Director · since 27 novembre 2001

Ended

Kurt Mertens

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/10/2011
KAPITAAL - AANDELEN
PDF
Capital / shares17/07/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/02/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/11/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/09/2005
KAPITAAL - AANDELEN
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 202539,4 k €↑
2024
Annual accounts 202416,8 k €↓
2023
Annual accounts 202344,5 k €↑
2022
Annual accounts 202212,3 k €↑
2021
Annual accounts 20219,1 k €↓
2020
Annual accounts 202016,7 k €↓
2019
Annual accounts 201924,3 k €↑
2018
Annual accounts 201810 k €↑
2017
Annual accounts 20173,8 k €↑
2016
Annual accounts 20162 k €↑
2015
Annual accounts 20151,9 k €↑
2014
Annual accounts 201435 €↓
2013
Annual accounts 20132 k €↑
2012
Annual accounts 20121,7 k €↓
2011
Annual accounts 20111,7 k €↑
2010
Annual accounts 20101,3 k €↑
2009
Annual accounts 2009-9,9 k €↑
2008
Annual accounts 2008-10,8 k €↓
2007
Annual accounts 20073 k €↓
2006
Annual accounts 20064,9 k €
29/11/2001
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

MERTENS KURT

Overview

What does MERTENS KURT do?

Trend over 20 financial years

Indicative valuation

Board of directors

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