ACTIVE

Merco Services

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Financial year 2025 · closed on 31/12/2025
Net result
550,9 k €
+518.1% YoY
Revenue
765,4 k €
-47.9% YoY
Equity
15,7 M €
-1.9% YoY
Workforce
4,0 ETP
0.0% YoY

What does Merco Services do?

Merco Services is a Public limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Merelbeke-Melle. It employs on average 4,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0716.660.051
Incorporation
19/12/2018
Legal form
Public limited company
Registered office
Nijverheidsweg 14
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
4,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy
Joint committees (1)
  • 200
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 5 financial years

20252024202320222021
Income statement
Revenue765,4 k €1,5 M €1,5 M €1 M €1 M €
EBITDA135,4 k €124,3 k €8,9 M €186,6 k €192,9 k €
Operating result129,4 k €120,9 k €8,9 M €186,6 k €192,9 k €
Net result550,9 k €89,1 k €11,9 M €634,8 k €867,5 k €
Balance sheet
Equity15,7 M €16 M €18,9 M €7 M €6,4 M €
Total assets16,2 M €16,1 M €19,1 M €7,1 M €8 M €
Cash245 k €94,5 k €353 k €52,8 k €950,2 k €
Debts497,9 k €100,3 k €185,7 k €18,1 k €1,5 M €
Other
Workforce4,0 ETP4,0 ETP1,0 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 · 4 active · 12 ended

Active mandates

Donaat Wambacq

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Ludwig Borgonjon

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Michiel Rabaeys

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Patriek Van Parys

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active

Ended mandates

CommV Vaacker

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.834.759

Represented by Daniël VAN ACKER

Ended
Johan Rabaeys

Managing director · since 19 décembre 2018 · until 31 mai 2024 · 0715.843.568

Represented by Johan RABAEYS

Ended
MILC

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.836.640

Represented by Ludwig BORGONJON

Ended
RAMICON

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.837.432

Represented by Michiel RABAEYS

Ended
At this address

Other companies at this address

CompanyCBE no.
Merco Machines● Active
0442.753.827
Merco Solutions● Active
1010.153.446
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date08/07/202609/07/202508/07/202413/07/202306/07/202201/07/2021
General meeting07/07/202604/07/202504/07/202430/06/202322/06/202221/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202507/07/202608/07/2026DutchPDF
Full model31/12/202404/07/202509/07/2025DutchPDF
Full model31/12/202304/07/202408/07/2024DutchPDF
Full model31/12/202230/06/202313/07/2023DutchPDF
Full model31/12/202122/06/202206/07/2022DutchPDF
Full model31/12/202021/06/202101/07/2021DutchPDF
Full model31/12/201930/03/202028/04/2020DutchPDF
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 · 4 active · 12 ended

Active mandates

Donaat Wambacq

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Ludwig Borgonjon

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Michiel Rabaeys

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active
Patriek Van Parys

Managing director · since 01 juillet 2024 · until 31 mai 2030

Active

Ended mandates

CommV Vaacker

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.834.759

Represented by Daniël VAN ACKER

Ended
Johan Rabaeys

Managing director · since 19 décembre 2018 · until 31 mai 2024 · 0715.843.568

Represented by Johan RABAEYS

Ended
MILC

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.836.640

Represented by Ludwig BORGONJON

Ended
RAMICON

Director · since 19 décembre 2018 · until 31 mai 2024 · 0715.837.432

Represented by Michiel RABAEYS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/01/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares28/01/2019
    KAPITAAL - AANDELEN
    PDF
  • Other21/12/2018
    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 2025550,9 k €↑
  2. 2024
    Annual accounts 202489,1 k €↓
  3. 2023
    Annual accounts 202311,9 M €↑
  4. 2022
    Annual accounts 2022634,8 k €↓
  5. 2021
    Annual accounts 2021867,5 k €
  6. 19/12/2018
    IncorporationPublic limited company