ACTIVE

MUHTEREM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

478,6 k €

+19.9% YoY

Gross margin

1,5 M €

+2.8% YoY

Equity

934,8 k €

-11.5% YoY

Workforce

18,2 ETP

+5.8% YoY

What does MUHTEREM do?

MUHTEREM is a Private limited company incorporated in 2012. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Eghezée. It employs on average 18,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0501.566.808

Incorporation

27/11/2012

Legal form

Private limited company

Registered office

Chaussée de Namur,Leuze 285
5310 Eghezée · WallonieSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Average workforce

18,2 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating

Joint committees (4)

119
201
202
20201

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	1,5 M €	+2.8%	1,4 M €	-0.1%	1,5 M €	+35.8%	1,1 M €	+43.0%	747 k €	-24.6%	990,1 k €	-9.9%	1,1 M €	-19.8%	1,4 M €	+7.3%	1,3 M €	+22.7%	1 M €	+37.4%	756,6 k €	+9.9%	688,4 k €	+19.4%	576,6 k €
EBITDA	842,4 k €	+1.5%	829,6 k €	-3.0%	855,1 k €	+62.0%	527,9 k €	+135%	224,3 k €	-45.4%	410,5 k €	+7.5%	381,7 k €	+60.3%	238,1 k €	-33.1%	356,2 k €	-2.7%	365,9 k €	+49.6%	244,6 k €	+71.8%	142,4 k €	-53.9%	309 k €
Operating result	605,7 k €	+2.6%	590,6 k €	-4.7%	619,4 k €	+146%	251,5 k €	+343%	56,8 k €	-74.6%	224,1 k €	+15.5%	194 k €	+333%	44,8 k €	-72.9%	165,3 k €	-4.3%	172,8 k €	+22.1%	141,6 k €	+199%	47,3 k €	-79.0%	225 k €
Net result	478,6 k €	+19.9%	399,3 k €	-5.9%	424,3 k €	+174%	154,7 k €	+380%	32,2 k €	-78.8%	151,8 k €	+22.5%	124 k €	+752%	14,6 k €	-83.1%	86,2 k €	-7.1%	92,8 k €	+21.6%	76,3 k €	+657%	10,1 k €	-92.8%	139,8 k €
Balance sheet
Equity	934,8 k €	-11.5%	1,1 M €	-27.5%	1,5 M €	+41.1%	1 M €	+17.6%	877,8 k €	+3.8%	845,6 k €	+21.9%	693,7 k €	+21.8%	569,7 k €	+2.6%	555,2 k €	+18.4%	468,9 k €	+24.7%	376,2 k €	+25.4%	299,9 k €	+3.5%	289,8 k €
Total assets	4,2 M €	+0.4%	4,2 M €	-3.3%	4,3 M €	+3.0%	4,2 M €	+8.8%	3,9 M €	+46.7%	2,6 M €	-5.7%	2,8 M €	+1.1%	2,8 M €	+20.1%	2,3 M €	+7.4%	2,1 M €	+25.9%	1,7 M €	-15.4%	2 M €	+3.8%	1,9 M €
Cash	572,2 k €	+179%	205,1 k €	-48.9%	401,6 k €	+44.3%	278,3 k €	-18.7%	342,3 k €	-40.3%	573,2 k €	+171%	211,3 k €	-27.5%	291,4 k €	-34.2%	442,7 k €	+40.3%	315,5 k €	+50.5%	209,6 k €	-51.6%	432,8 k €	-33.3%	648,9 k €
Debts	3,3 M €	+4.4%	3,1 M €	+9.0%	2,9 M €	-9.3%	3,2 M €	+6.3%	3 M €	+66.9%	1,8 M €	-14.8%	2,1 M €	-4.2%	2,2 M €	+25.7%	1,7 M €	+5.1%	1,7 M €	+25.4%	1,3 M €	-22.6%	1,7 M €	+3.9%	1,6 M €
Other
Workforce	18,2 ETP	+5.8%	17,2 ETP	-0.6%	17,3 ETP	+3.6%	16,7 ETP	+0.6%	16,6 ETP	-4.6%	17,4 ETP	-22.0%	22,3 ETP		–		–		–		14,0 ETP	+7.7%	13,0 ETP	+18.2%	11,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

IMOTURK

Director · since 28 mai 2021 · 0812.071.132

Represented by Nancy DECAMP

Active

Ended mandates

IMOTURK

Director · since 28 mai 2021 · 0812.071.132

Represented by NANCY DECAMP

Ended

NANCY DECAMP

Director · until 28 mai 2021

Ended

NANCY DECAMP

Director

Ended

Nancy Decamp - Turk

Manager

Ended

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	01/01/2025	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	14/08/2026	22/08/2025	27/08/2024	24/08/2023	31/08/2022	23/08/2021
General meeting	31/07/2026	30/06/2025	28/06/2024	26/05/2023	27/05/2022	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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	14/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	22/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	27/08/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	24/08/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	20/10/2020	28/10/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	03/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	11/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 4 ended

Active mandates

IMOTURK

Director · since 28 mai 2021 · 0812.071.132

Represented by Nancy DECAMP

Active

Ended mandates

IMOTURK

Director · since 28 mai 2021 · 0812.071.132

Represented by NANCY DECAMP

Ended

NANCY DECAMP

Director · until 28 mai 2021

Ended

NANCY DECAMP

Director

Ended

Nancy Decamp - Turk

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other12/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates21/09/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office11/02/2016
SIEGE SOCIAL
PDF
Other06/12/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025478,6 k €↑
2024
Annual accounts 2024399,3 k €↓
2023
Annual accounts 2023424,3 k €↑
2022
Annual accounts 2022154,7 k €↑
2021
Annual accounts 202132,2 k €↓
2020
Annual accounts 2020151,8 k €↑
2019
Annual accounts 2019124 k €↑
2018
Annual accounts 201814,6 k €↓
2017
Annual accounts 201786,2 k €↓
2016
Annual accounts 201692,8 k €↑
2015
Annual accounts 201576,3 k €↑
2014
Annual accounts 201410,1 k €↓
2013
Annual accounts 2013139,8 k €
27/11/2012
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

MUHTEREM

Overview

What does MUHTEREM do?

Trend over 13 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