ACTIVE

MERELS HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

-25,8 k €

-126.0% YoY

Gross margin

-53,8 k €

-167.2% YoY

Equity

1,5 M €

-1.7% YoY

What does MERELS HOLDING do?

MERELS HOLDING is a Public limited company incorporated in 2001. Its registered office is in Hoogstraten.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.536.353

Incorporation

31/12/2001

Legal form

Public limited company

Registered office

Elsterdijk 11
2321 Hoogstraten · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-53,8 k €	-167%	-20,1 k €	-68.0%	-12 k €	+79.5%	-58,5 k €	-461%	16,2 k €	+2657%	-633,1 €	-102%	36,7 k €	+268%	-21,8 k €		–		–		–		-22,6 k €	+34.9%	-34,6 k €	+6.8%	-37,2 k €	-12.1%	-33,2 k €	-109%	-15,8 k €	-1659%	-900,9 €
EBITDA	-60,7 k €	-96.4%	-30,9 k €	+17.5%	-37,4 k €	+59.5%	-92,4 k €	-475%	-16,1 k €	+54.6%	-35,4 k €	-1157%	3,3 k €	+106%	-53 k €	-0.2%	-52,9 k €	-13.4%	-46,7 k €	+13.6%	-54 k €	-127%	-23,8 k €	+33.4%	-35,8 k €	+6.2%	-38,2 k €	-11.6%	-34,2 k €	-104%	-16,8 k €	-836%	-1,8 k €
Operating result	-96,2 k €	-44.9%	-66,4 k €	+9.8%	-73,7 k €	+54.0%	-160,2 k €	-88.9%	-84,8 k €	+24.3%	-112 k €	+26.6%	-152,5 k €	+28.1%	-212 k €	-1.9%	-208 k €	-4.7%	-198,7 k €	-10.8%	-179,3 k €	-652%	-23,8 k €	+33.4%	-35,8 k €	+6.2%	-38,2 k €	-11.6%	-34,2 k €	-104%	-16,8 k €	-836%	-1,8 k €
Net result	-25,8 k €	-126%	99 k €	-39.7%	164,1 k €	+71.8%	95,5 k €	-63.0%	258,5 k €	-61.7%	673,9 k €	+19.9%	562,2 k €	-56.2%	1,3 M €	+71.7%	747,6 k €	-61.6%	1,9 M €	+15.3%	1,7 M €	+7977%	-21,4 k €	-103%	671,1 k €	+1.4%	661,8 k €	+42.1%	465,8 k €	-68.4%	1,5 M €	-25.0%	2 M €
Balance sheet
Equity	1,5 M €	-1.7%	1,5 M €	-48.0%	2,9 M €	+6.0%	2,7 M €	+3.6%	2,6 M €	-71.5%	9,2 M €	+7.9%	8,5 M €	+7.1%	7,9 M €	+19.3%	6,7 M €	+12.6%	5,9 M €	-15.1%	7 M €	+31.9%	5,3 M €	-0.4%	5,3 M €	+1.4%	5,2 M €	-6.1%	5,6 M €	+9.1%	5,1 M €	-0.5%	5,1 M €
Total assets	1,6 M €	-55.2%	3,6 M €	+14.2%	3,1 M €	+3.4%	3 M €	+1.2%	3 M €	-68.1%	9,3 M €	+8.6%	8,6 M €	+7.2%	8 M €	+19.2%	6,7 M €	+8.3%	6,2 M €	-15.1%	7,3 M €	+33.2%	5,5 M €	+0.4%	5,5 M €	+2.0%	5,4 M €	-4.5%	5,6 M €	+8.4%	5,2 M €	+0.3%	5,2 M €
Cash	45 k €	-58.1%	107,4 k €	+41.3%	76 k €	-82.0%	422,6 k €	+119%	193,3 k €	-97.3%	7,2 M €	+7.0%	6,7 M €	+11.4%	6 M €	+29.1%	4,6 M €	+12.1%	4,1 M €	-13.8%	4,8 M €	+1472%	305,6 k €	+0.2%	305,1 k €	+52.6%	200 k €	+820544%	24,4 €	-99.8%	16,1 k €	+1597%	947,2 €
Debts	125,1 k €	-93.9%	2,1 M €	+756%	241,4 k €	-20.3%	302,9 k €	-16.7%	363,6 k €	+127%	160,3 k €	+66.1%	96,5 k €	+15.4%	83,6 k €	+11.6%	74,9 k €	-75.6%	307,6 k €	-13.7%	356,4 k €	+60.6%	221,9 k €	+23.8%	179,3 k €	+25.6%	142,8 k €	+155%	56 k €	-35.2%	86,5 k €	+93.9%	44,6 k €
Other
Workforce	–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+33.3%	0,6 ETP	-14.3%	0,7 ETP	0.0%	0,7 ETP	-50.0%	1,4 ETP	+7.7%	1,3 ETP	0.0%	1,3 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Johannes Stokman

Director · since 14 mai 2024 · until 14 mai 2030

Active

Wouter Stokman

Director · since 14 mai 2023 · until 14 mai 2029

Active

Ended mandates

Johannes Stokman

Director · since 14 mai 2018 · until 14 mai 2022

Ended

Johannes Stokman

Director · since 14 mai 2018 · until 14 mai 2024

Ended

Woutertje Jonker

Director · since 14 mai 2018 · until 14 mai 2022

Ended

Woutertje Jonker

Director · since 14 mai 2018 · until 14 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Hogelie 1● Active	0779.273.947
Hogelie 2● Active	0778.961.171
Maatschap Hogelie● Active	0559.943.782
PASTOW● Active	0730.706.344

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	14/08/2025	20/08/2024	27/07/2023	10/08/2022	12/08/2021
General meeting	15/06/2026	15/07/2025	30/06/2024	14/05/2023	22/07/2022	14/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	15/07/2025	14/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	20/08/2024	Dutch	PDF
Abridged model	31/12/2022	14/05/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/07/2022	10/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/05/2021	12/08/2021	Dutch	PDF
Abridged model	31/12/2019	14/05/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	03/09/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	14/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	14/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2014	14/05/2015	27/05/2015	Dutch	PDF
Full model	31/12/2013	14/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	20/05/2010	Dutch	PDF
Abridged model	31/12/2008	14/05/2009	14/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 9 ended

Active mandates

Johannes Stokman

Director · since 14 mai 2024 · until 14 mai 2030

Active

Wouter Stokman

Director · since 14 mai 2023 · until 14 mai 2029

Active

Ended mandates

Johannes Stokman

Director · since 14 mai 2018 · until 14 mai 2022

Ended

Johannes Stokman

Director · since 14 mai 2018 · until 14 mai 2024

Ended

Woutertje Jonker

Director · since 14 mai 2018 · until 14 mai 2022

Ended

Woutertje Jonker

Director · since 14 mai 2018 · until 14 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/08/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/06/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/06/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-25,8 k €↓
2024
Annual accounts 202499 k €↓
2023
Annual accounts 2023164,1 k €↑
2022
Annual accounts 202295,5 k €↓
2021
Annual accounts 2021258,5 k €↓
2018
Annual accounts 2018673,9 k €↑
2017
Annual accounts 2017562,2 k €↓
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 2015747,6 k €↓
2014
Annual accounts 20141,9 M €↑
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 2012-21,4 k €↓
2011
Annual accounts 2011671,1 k €↑
2010
Annual accounts 2010661,8 k €↑
2009
Annual accounts 2009465,8 k €↓
2008
Annual accounts 20081,5 M €↓
2007
Annual accounts 20072 M €
31/12/2001
IncorporationPublic 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

MERELS HOLDING

Overview

What does MERELS HOLDING do?

Trend over 17 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