NORMAL SITUATION

MERULA

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Company — Normal situation.

Strike-off: 12 septembre 2026

Financial year 2026 · Closed on 31/07/2026

Net result87,8 k €-57,7 %over 1 year
Gross margin117,6 k €-60,3 %over 1 year
Equity117,7 k €+293,7 %over 1 year

Identity

Source · BCE/KBO

MERULA is a Private limited company incorporated in 2018.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0694.908.592
Incorporation
19/04/2018
Legal form
Private limited company
Contributed capital
20 000,00 €
Latest accounts
31/07/2026
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 9 filings

Trend over 6 financial years

20262025202420232022
Income statement
Gross margin117,6 k €296,4 k €268,1 k €269,4 k €213,4 k €
EBITDA117,2 k €295,8 k €267,7 k €268,6 k €211,7 k €
Operating result117,2 k €273,8 k €245,8 k €247,9 k €195 k €
Net result87,8 k €207,9 k €188,5 k €193,9 k €147,2 k €
Balance sheet
Equity117,7 k €29,9 k €22 k €59,5 k €50,6 k €
Total assets126,6 k €243,4 k €266,6 k €253,9 k €194,5 k €
Cash124,4 k €196,5 k €183 k €153,2 k €174,8 k €
Debts8,9 k €213,5 k €242,6 k €194,4 k €143,9 k €
Other
Workforce––0,0 ETP––

Board of directors

Source · NBB, accounts to 31/07/2026

1 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Eric Demaerel
Directorsince 19/04/2018Chairman of the board of directors19/04/2018 → 2023 accountsendedManager19/04/2018 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Manuel Demaerel
Director23/12/2019 → 2020 accounts

Full financial information

Source · NBB
202620252024202320222021
Type of accountMicro modelMicro modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/08/202501/08/202401/08/202301/08/202201/08/202101/08/2020
Closing of the financial year31/07/202631/07/202531/07/202431/07/202331/07/202231/07/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/08/202617/12/202511/03/202522/01/202431/01/202328/01/2022
General meeting21/08/202611/12/202518/01/202520/01/202421/01/202315/01/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/07/202621/08/202626/08/2026DutchPDF
Micro model31/07/202511/12/202517/12/2025DutchPDF
Abridged model31/07/202418/01/202511/03/2025DutchPDF
Micro model31/07/202320/01/202422/01/2024DutchPDF
Micro model31/07/202221/01/202331/01/2023DutchPDF
Micro model31/07/202115/01/202228/01/2022DutchPDF
Micro model31/07/202016/01/202101/02/2021DutchPDF
Micro model31/07/201918/01/202022/01/2020DutchPDF
Micro model31/07/201819/01/201917/03/2019DutchPDF

Indicative valuation

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.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/07/2026

1 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Eric Demaerel
Directorsince 19/04/2018Chairman of the board of directors19/04/2018 → 2023 accountsendedManager19/04/2018 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Manuel Demaerel
Director23/12/2019 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution15/09/2026
    STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, ENZ,
    PDF
  • Mandates30/05/2023
    WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN
    PDF
  • Registered office30/07/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other23/04/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings6 filings
Mandates
Eric Demaerel
Manuel Demaerel
201820192020202120222023202420252026
Merula
Hoogboomsteenweg 60, 2950 Kapellen
DirectorChairman of the board of directorsManager
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Hoogboomsteenweg 60, 2950 Kapellen
CBE until 12/09/2026
CBE
Hoogboomsteenweg 60, 2950 Kapellen
accounts 2022 → 2026
Accounts 2026 · 2026-00429191

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MERULA
CBE until 12/09/2026
CBE
Merula
accounts 2022 → 2026
Accounts 2026 · 2026-00429191

Events

  1. 2026
    Annual accounts 202687,8 k €↓
  2. 2025
    Annual accounts 2025207,9 k €↑
  3. 2024
    Annual accounts 2024188,5 k €↓
  4. 2023
    Annual accounts 2023193,9 k €↑
  5. 2022
    Annual accounts 2022147,2 k €↑
  6. 2018
    Annual accounts 201849,1 k €
  7. 19/04/2018
    IncorporationPrivate limited company