ACTIVE

MEUL

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Financial year 2025 · closed on 31/12/2025
Net result
112,4 k €
-24.6% YoY
Gross margin
788,1 k €
+6.7% YoY
Equity
1,1 M €
+11.7% YoY
Workforce
4,8 ETP
0.0% YoY

What does MEUL do?

MEUL is a Private limited company incorporated in 2014. Its registered office is in Sint-Niklaas. It employs on average 4,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0553.457.551
Incorporation
27/05/2014
Legal form
Private limited company
Registered office
Leestraat 12
9112 Sint-Niklaas · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
4,8 ETP
Joint committees (1)
  • 14003
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 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin788,1 k €738,5 k €738,1 k €528,2 k €510,8 k €510,3 k €534,6 k €490,5 k €481,8 k €477,8 k €557 k €
EBITDA374 k €392,3 k €365,1 k €260,1 k €264,5 k €263,8 k €255,8 k €213,6 k €241,6 k €252,2 k €314,2 k €
Operating result172,1 k €207,7 k €231,5 k €157,7 k €171,8 k €183,9 k €138,2 k €58,5 k €76,9 k €94,2 k €38,8 k €
Net result112,4 k €149,2 k €160,3 k €107,4 k €123,7 k €137,9 k €93,4 k €43,6 k €46,4 k €57,4 k €23,1 k €
Balance sheet
Equity1,1 M €961 k €811,8 k €651,5 k €544,1 k €420,4 k €282,5 k €189,1 k €145,5 k €99 k €41,7 k €
Total assets1,5 M €1,5 M €1,3 M €978 k €999,2 k €871,3 k €521,3 k €476,5 k €406,3 k €465,4 k €425,7 k €
Cash539,1 k €565,5 k €203,3 k €237,1 k €307,6 k €170,5 k €218,8 k €154,2 k €164,4 k €145,9 k €119,7 k €
Debts428,7 k €509,1 k €499,1 k €326,5 k €455 k €429,6 k €238,8 k €287,4 k €260,8 k €366,4 k €384 k €
Other
Workforce4,8 ETP4,8 ETP4,0 ETP4,0 ETP4,0 ETP5,0 ETP5,5 ETP5,4 ETP4,0 ETP4,0 ETP3,3 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 · 8 ended

Active mandates

Koen Meul

Director

Active
Maaike DE CROOCK

Director

Active

Ended mandates

Maaike De Croock

Director · since 01 juillet 2016

Ended
Maaike De Croock

Manager · since 01 juillet 2016

Ended
Gerrit Meul

Director · since 01 juillet 2014

Ended
Gerrit Meul

Manager · since 01 juillet 2014

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date29/07/202628/07/202510/07/202403/03/202328/04/202228/04/2021
General meeting30/06/202630/06/202530/06/202424/02/202331/03/202231/03/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202629/07/2026DutchPDF
Abridged model31/12/202430/06/202528/07/2025DutchPDF
Abridged model31/12/202330/06/202410/07/2024DutchPDF
Abridged model30/09/202224/02/202303/03/2023DutchPDF
Abridged model30/09/202131/03/202228/04/2022DutchPDF
Abridged model30/09/202031/03/202128/04/2021DutchPDF
Abridged model30/09/201928/02/202023/03/2020DutchPDF
Abridged model30/09/201822/02/201904/03/2019DutchPDF
Abridged model30/09/201701/03/201830/03/2018DutchPDF
Abridged model30/09/201621/12/201606/01/2017DutchPDF
Abridged model30/09/201526/02/201618/03/2016DutchPDF
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 · 8 ended

Active mandates

Koen Meul

Director

Active
Maaike DE CROOCK

Director

Active

Ended mandates

Maaike De Croock

Director · since 01 juillet 2016

Ended
Maaike De Croock

Manager · since 01 juillet 2016

Ended
Gerrit Meul

Director · since 01 juillet 2014

Ended
Gerrit Meul

Manager · since 01 juillet 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other12/05/2017
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/07/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/12/2014
    DIVERSEN
    PDF
  • Other30/05/2014
    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

Timeline

  1. 2025
    Annual accounts 2025112,4 k €↓
  2. 2024
    Annual accounts 2024149,2 k €↓
  3. 2023
    Annual accounts 2023160,3 k €↑
  4. 2023
    Name changeMEUL
  5. 2022
    Annual accounts 2022107,4 k €↓
  6. 2021
    Annual accounts 2021123,7 k €↓
  7. 2021
    Name changeMEUL TRANSPORT
  8. 2020
    Annual accounts 2020137,9 k €↑
  9. 2019
    Annual accounts 201993,4 k €↑
  10. 2018
    Annual accounts 201843,6 k €↓
  11. 2017
    Annual accounts 201746,4 k €↓
  12. 2016
    Annual accounts 201657,4 k €↑
  13. 2015
    Annual accounts 201523,1 k €
  14. 27/05/2014
    IncorporationPrivate limited company