ACTIVE

Merlux

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Financial year 2025 · closed on 31/12/2025

Net result

263,3 k €

+39.8% YoY

Gross margin

691,7 k €

+35.4% YoY

Equity

1,2 M €

+29.2% YoY

What does Merlux do?

Merlux is a Private limited company incorporated in 2013. Its main activity is: Building completion and finishing. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.587.019

Incorporation

29/11/2013

Legal form

Private limited company

Registered office

Berchemweg 57
9700 Oudenaarde · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43350Building completion and finishing· main 43390Other building completion and finishing 55204Holiday and other short-stay accommodation 55204Holiday and other short-stay accommodation

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	691,7 k €	+35.4%	510,8 k €	-2.4%	523,2 k €	+74.1%	300,6 k €	-30.5%	432,2 k €	+50.7%	286,8 k €	+214%	91,4 k €	+88.9%	48,4 k €	-63.2%	131,4 k €	+5004%	-2,7 k €	+83.8%	-16,5 k €	+73.8%	-63 k €
EBITDA	636,9 k €	+26.6%	503,2 k €	+2.7%	489,9 k €	+65.8%	295,4 k €	-30.1%	422,5 k €	+48.3%	284,9 k €	+284%	74,1 k €	+58.1%	46,9 k €	-63.7%	129,2 k €	+4130%	-3,2 k €	+84.9%	-21,3 k €	+67.1%	-64,6 k €
Operating result	454,8 k €	+36.7%	332,8 k €	-14.9%	391,2 k €	+51.3%	258,6 k €	-30.8%	373,8 k €	+41.9%	263,4 k €	+396%	53,1 k €	+267%	14,5 k €	-86.6%	108,3 k €	+1274%	-9,2 k €	+66.2%	-27,3 k €	+63.5%	-74,7 k €
Net result	263,3 k €	+39.8%	188,3 k €	-28.9%	264,8 k €	+28.5%	206 k €	-26.4%	279,9 k €	+41.4%	197,9 k €	+571%	29,5 k €	+174%	10,8 k €	-90.3%	110,6 k €	+1216%	-9,9 k €	+77.2%	-43,5 k €	+42.0%	-75 k €
Balance sheet
Equity	1,2 M €	+29.2%	902 k €	+10.8%	813,7 k €	+25.4%	648,9 k €	+29.6%	500,9 k €	+118%	230 k €	+461%	41 k €	+257%	11,5 k €	+1446%	743,6 €	+101%	-109,8 k €	-9.9%	-99,9 k €	-77.1%	-56,4 k €
Total assets	3 M €	+4.0%	2,9 M €	-1.0%	2,9 M €	+99.7%	1,5 M €	+76.9%	834,2 k €	+87.7%	444,4 k €	+105%	216,5 k €	+41.3%	153,2 k €	-8.8%	168,1 k €	+287%	43,4 k €	-30.4%	62,4 k €	-15.5%	73,9 k €
Cash	332,6 k €	+95.3%	170,3 k €	-36.2%	266,8 k €	-20.3%	334,6 k €	-28.7%	469,4 k €	+57.4%	298,1 k €	+152%	118,2 k €	+366%	25,4 k €	+451%	4,6 k €	+178%	1,7 k €	-92.0%	20,7 k €	+177%	7,5 k €
Debts	1,9 M €	-6.4%	2 M €	-5.8%	2,1 M €	+181%	753,5 k €	+180%	268,8 k €	+40.3%	191,5 k €	+9.1%	175,5 k €	+23.9%	141,7 k €	-15.3%	167,3 k €	+9.2%	153,3 k €	-5.6%	162,4 k €	+24.6%	130,3 k €

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 · 3 ended

Active mandates

Philippe De Wilde

Director · since 24 février 2023

Active

Sonia Pottevijn

Director · since 24 février 2023

Active

Ended mandates

Philippe De Wilde

Manager · since 29 novembre 2013

Ended

Philippe De Wilde

Director

Ended

Philippe De Wilde

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Fort Nexus● Active	1041.762.578
PoolGroup● Active	0684.646.388

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	21/08/2026	30/07/2025	26/02/2025	31/08/2023	02/09/2022	28/10/2021
General meeting	30/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	21/08/2026	Dutch	PDF
Abridged model	31/12/2024	24/05/2025	30/07/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	25/05/2024	26/02/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	02/09/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/08/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/03/2018	09/04/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	28/08/2015	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 · 3 ended

Active mandates

Philippe De Wilde

Director · since 24 février 2023

Active

Sonia Pottevijn

Director · since 24 février 2023

Active

Ended mandates

Philippe De Wilde

Manager · since 29 novembre 2013

Ended

Philippe De Wilde

Director

Ended

Philippe De Wilde

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/07/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/08/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other03/12/2013
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

2025
Annual accounts 2025263,3 k €↑
2024
Annual accounts 2024188,3 k €↓
2023
Annual accounts 2023264,8 k €↑
2022
Annual accounts 2022206 k €↓
2021
Annual accounts 2021279,9 k €↑
2020
Annual accounts 2020197,9 k €↑
2019
Annual accounts 201929,5 k €↑
2018
Annual accounts 201810,8 k €↓
2017
Annual accounts 2017110,6 k €↑
2016
Annual accounts 2016-9,9 k €↑
2015
Annual accounts 2015-43,5 k €↑
2014
Annual accounts 2014-75 k €
29/11/2013
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

Merlux

Overview

What does Merlux do?

Trend over 12 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