ACTIVE

MORTSELA

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Financial year 2025 · closed on 31/12/2025

Net result

132 k €

+10.1% YoY

Gross margin

289 k €

+3.8% YoY

Equity

520,2 k €

-18.5% YoY

What does MORTSELA do?

MORTSELA is a Private company with limited liability incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0543.551.475

Incorporation

20/12/2013

Legal form

Private company with limited liability

Registered office

Kasteelstraat 24
9860 Oosterzele · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 63920Other information service activities 63990Other information service activities n.e.c.

Signals

ProfitablePositive 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	289 k €	+3.8%	278,3 k €	+23.1%	226,1 k €	+10.4%	204,8 k €	+26.6%	161,7 k €	-5.3%	170,7 k €	+4.1%	164,1 k €	+11.6%	147,1 k €	+17.0%	125,7 k €	-8.4%	137,2 k €	+1.2%	135,6 k €	-1.8%	138,1 k €
EBITDA	287 k €	+3.8%	276,4 k €	+23.3%	224,2 k €	+10.2%	203,5 k €	+26.8%	160,4 k €	-5.3%	169,4 k €	+4.1%	162,8 k €	+11.7%	145,8 k €	+17.6%	123,9 k €	-9.0%	136,2 k €	+0.6%	135,4 k €	-1.0%	136,8 k €
Operating result	230,2 k €	+2.2%	225,3 k €	+30.2%	173 k €	+13.0%	153,2 k €	+42.7%	107,4 k €	-8.1%	116,9 k €	+5.4%	110,9 k €	+17.7%	94,2 k €	+29.7%	72,6 k €	-18.6%	89,2 k €	-2.2%	91,3 k €	+16.7%	78,2 k €
Net result	132 k €	+10.1%	119,9 k €	+40.6%	85,3 k €	-18.5%	104,6 k €	+87.1%	55,9 k €	-7.6%	60,5 k €	+29.4%	46,7 k €	+15.9%	40,3 k €	+164%	15,3 k €	-47.9%	29,3 k €	-8.4%	32 k €	+13.7%	28,2 k €
Balance sheet
Equity	520,2 k €	-18.5%	638,2 k €	+23.1%	518,3 k €	+19.7%	433 k €	+31.9%	328,4 k €	+20.5%	272,4 k €	+28.6%	211,9 k €	+28.3%	165,2 k €	+32.3%	124,9 k €	+14.0%	109,6 k €	+36.6%	80,2 k €	+66.5%	48,2 k €
Total assets	1,9 M €	-1.0%	1,9 M €	+3.5%	1,9 M €	+1.7%	1,8 M €	+0.5%	1,8 M €	-2.7%	1,9 M €	-1.0%	1,9 M €	-1.7%	1,9 M €	-3.4%	2 M €	-3.0%	2,1 M €	+5.6%	2 M €	+16.6%	1,7 M €
Cash	213 k €	-21.5%	271,4 k €	+105%	132,6 k €	+35.9%	97,5 k €	+50.1%	65 k €	+12.6%	57,7 k €	+61.4%	35,8 k €	+6.8%	33,5 k €	-35.5%	52 k €	-38.5%	84,5 k €	+287%	21,8 k €	-64.6%	61,7 k €
Debts	1,4 M €	+7.7%	1,3 M €	-4.0%	1,4 M €	-3.9%	1,4 M €	-6.3%	1,5 M €	-6.6%	1,6 M €	-4.7%	1,7 M €	-4.5%	1,8 M €	-5.8%	1,9 M €	-3.9%	2 M €	+4.3%	1,9 M €	+15.2%	1,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Heidrun Van Beversluys

Director · since 20 décembre 2013

Active

Philip Ceulemans

Manager · since 20 décembre 2013

Active

Ended mandates

Heidrun VAN BEVERSLUYS

Director · since 23 décembre 2013

Ended

HEIDRUN VAN BEVERSLUYS

Manager · since 23 décembre 2013

Ended

PHILIP CEULEMANS

Director · since 23 décembre 2013

Ended

PHILIP CEULEMANS

Manager · since 23 décembre 2013

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	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	07/07/2026	18/06/2025	27/08/2024	28/07/2023	25/07/2022	22/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	07/07/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	27/08/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	02/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/07/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 ended

Active mandates

Heidrun Van Beversluys

Director · since 20 décembre 2013

Active

Philip Ceulemans

Manager · since 20 décembre 2013

Active

Ended mandates

Heidrun VAN BEVERSLUYS

Director · since 23 décembre 2013

Ended

HEIDRUN VAN BEVERSLUYS

Manager · since 23 décembre 2013

Ended

PHILIP CEULEMANS

Director · since 23 décembre 2013

Ended

PHILIP CEULEMANS

Manager · since 23 décembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office06/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other03/01/2014
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 2025132 k €↑
2024
Annual accounts 2024119,9 k €↑
2023
Annual accounts 202385,3 k €↓
2022
Annual accounts 2022104,6 k €↑
2021
Annual accounts 202155,9 k €↓
2020
Annual accounts 202060,5 k €↑
2019
Annual accounts 201946,7 k €↑
2018
Annual accounts 201840,3 k €↑
2017
Annual accounts 201715,3 k €↓
2016
Annual accounts 201629,3 k €↓
2015
Annual accounts 201532 k €↑
2014
Annual accounts 201428,2 k €
20/12/2013
IncorporationPrivate company with limited liability

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

MORTSELA

Overview

What does MORTSELA do?

Trend over 12 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