ACTIVE

Mundero

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Financial year 2025 · closed on 31/12/2025
Net result
899,4 k €
-0.7% YoY
Gross margin
2,1 M €
+20.9% YoY
Equity
1,9 M €
+20.0% YoY
Workforce
12,6 ETP
+26.0% YoY

What does Mundero do?

Mundero is a Private limited company incorporated in 2013. Its main activity is: Travel agency activities. Its registered office is in Gent. It employs on average 12,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0503.889.264
Incorporation
06/02/2013
Legal form
Private limited company
Registered office
Muinkkaai 42
9000 Gent · FlandreSee on map
Contributed capital
22 880,00 €
Latest accounts
31/12/2025
Average workforce
12,6 ETP
Activities (NACE)
79110Travel agency activities· main79110Travel agency activities79120Tour operator activities79120Tour operator activities79110Travel agency activities79110Travel agency activities
Joint committees (1)
  • 20000
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin2,1 M €1,7 M €1,1 M €577,3 k €227,7 k €98,1 k €208,5 k €68,7 k €44,5 k €19,8 k €39,2 k €21,4 k €
EBITDA1,3 M €1,2 M €767,2 k €437,6 k €198,1 k €71,1 k €161 k €49,8 k €43,2 k €16,3 k €38,4 k €20,9 k €
Operating result1,2 M €1,1 M €754,1 k €426,6 k €190 k €67,4 k €155 k €42,8 k €41,4 k €14,6 k €35,3 k €20 k €
Net result899,4 k €905,9 k €539,1 k €297 k €153,6 k €53,1 k €103,5 k €26,9 k €24 k €8,6 k €34,8 k €19,5 k €
Balance sheet
Equity1,9 M €1,6 M €736,4 k €424,2 k €297,1 k €232,7 k €179,6 k €76,1 k €49,2 k €31,2 k €30,1 k €25,3 k €
Total assets4,2 M €3,5 M €2,3 M €1,7 M €857,4 k €762 k €647,1 k €175,1 k €129 k €81,2 k €98,3 k €82,7 k €
Cash1,1 M €979,6 k €495,5 k €1,1 M €606,9 k €628,6 k €557,2 k €147,4 k €79,5 k €54,9 k €77,9 k €80,2 k €
Debts2,2 M €1,8 M €1,5 M €1,3 M €560,3 k €529,3 k €467,6 k €97,6 k €79,8 k €48,8 k €67,4 k €57,4 k €
Other
Workforce12,6 ETP10,0 ETP6,4 ETP–1,7 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Maarten ROBBRECHT

Director · since 06 février 2013

Active

Ended mandates

Maarten ROBBRECHT

Manager · since 06 février 2013

Ended
MAARTEN ROBBRECHT

Administrator - manager

Ended
SANDER HEERWEGH

Administrator - manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202617/10/202530/08/202401/09/202325/08/202227/08/2021
General meeting27/06/202627/09/202529/06/202424/06/202325/06/202227/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/06/202617/07/2026DutchPDF
Abridged model31/12/202427/09/202517/10/2025DutchPDF
Abridged model31/12/202329/06/202430/08/2024DutchPDF
Micro model31/12/202224/06/202301/09/2023DutchPDF
Abridged model31/12/202125/06/202225/08/2022DutchPDF
Micro model31/12/202027/03/202127/08/2021DutchPDF
Micro model31/12/201926/09/202009/10/2020DutchPDF
Micro model30/09/201830/03/201929/04/2019DutchPDF
Micro model30/09/201731/03/201827/04/2018DutchPDF
Abridged model30/09/201625/03/201713/04/2017DutchPDF
Abridged model30/09/201526/03/201601/04/2016DutchPDF
Abridged model30/09/201428/03/201530/03/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 ended

Active mandates

Maarten ROBBRECHT

Director · since 06 février 2013

Active

Ended mandates

Maarten ROBBRECHT

Manager · since 06 février 2013

Ended
MAARTEN ROBBRECHT

Administrator - manager

Ended
SANDER HEERWEGH

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office25/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other02/10/2019
    BENAMING - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office15/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/10/2016
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Capital / shares14/02/2014
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other08/02/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025899,4 k €↓
  2. 2024
    Annual accounts 2024905,9 k €↑
  3. 2023
    Annual accounts 2023539,1 k €↑
  4. 2022
    Annual accounts 2022297 k €↑
  5. 2021
    Annual accounts 2021153,6 k €↑
  6. 2020
    Annual accounts 202053,1 k €↓
  7. 2019
    Annual accounts 2019103,5 k €↑
  8. 2018
    Annual accounts 201826,9 k €↑
  9. 2017
    Annual accounts 201724 k €↑
  10. 2016
    Annual accounts 20168,6 k €↓
  11. 2015
    Annual accounts 201534,8 k €↑
  12. 2014
    Annual accounts 201419,5 k €
  13. 06/02/2013
    IncorporationPrivate limited company