ACTIVE

Merlin Holdco

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Financial year 2025 · Closed on 31/12/2025

Net result-1,6 M €-124,7 %over 1 year
Revenue1,6 M €+40,1 %over 1 year
Equity121,1 M €-8,5 %over 1 year

Identity

Source · BCE/KBO

Merlin Holdco is a Private limited company incorporated in 2021. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0770.801.194
Incorporation
06/07/2021
Legal form
Private limited company
Registered office
Pauline Van Pottelsberghelaan 10
9051 Gent · FlandreSee on map
Contributed capital
101 090 560,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskPositive EBITDAHigh revenue

Financials

Source · NBB, 5 filings

Trend over 4 financial years

2025202420232022
Income statement
Revenue1,6 M €1,1 M €1,4 M €2 M €
EBITDA103,9 k €-64,5 k €393,1 k €-837,7 k €
Operating result103,9 k €-64,5 k €393,1 k €-839 k €
Net result-1,6 M €6,4 M €13,1 M €12,1 M €
Balance sheet
Equity121,1 M €132,4 M €125,4 M €112,4 M €
Total assets158,6 M €173 M €169,3 M €160,6 M €
Cash108,6 k €651,1 k €4,4 M €4,7 M €
Debts37,4 M €40,5 M €43,7 M €48,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

Heider Ridha

Director · since 14 décembre 2023

Active
Alinvest SRL BVBA

Director · since 15 juillet 2021

Represented by Alain Lahy

Active
Filiep Balcaen

Director · since 05 juillet 2021

Active
Jan Vergote

Director · since 05 juillet 2021

Active
Louis Balcaen

Director · since 05 juillet 2021

Active

Ended mandates

K Partners Ltd

Director · since 28 janvier 2022 · until 25 janvier 2024

Represented by Edward Koopman

Ended
K Partners Ltd

Director · since 28 janvier 2022 · until 06 mai 2024

Represented by Edward Koopman

Ended

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Full financial information

Source · NBB
2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202305/07/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months18 months
Filing date02/06/202613/04/202623/05/202425/05/2023
General meeting04/05/202605/05/202506/05/202402/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/05/202602/06/2026DutchPDF
Full modelCorrection31/12/202405/05/202513/04/2026DutchPDF
Full model31/12/202405/05/202522/05/2025DutchPDF
Full model31/12/202306/05/202423/05/2024DutchPDF
Full model31/12/202202/05/202325/05/2023DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

Heider Ridha

Director · since 14 décembre 2023

Active
Alinvest SRL BVBA

Director · since 15 juillet 2021

Represented by Alain Lahy

Active
Filiep Balcaen

Director · since 05 juillet 2021

Active
Jan Vergote

Director · since 05 juillet 2021

Active
Louis Balcaen

Director · since 05 juillet 2021

Active

Ended mandates

K Partners Ltd

Director · since 28 janvier 2022 · until 25 janvier 2024

Represented by Edward Koopman

Ended
K Partners Ltd

Director · since 28 janvier 2022 · until 06 mai 2024

Represented by Edward Koopman

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares21/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates22/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares09/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates26/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-1,6 M €↓
  2. 03/10/2025
    augmentation_capital
  3. 03/10/2025
    reduction_capital
  4. 05/05/2025
    reconductionPwC Bedrijfsrevisoren BV — commissaris
  5. 05/05/2025
    nominationPatrick Mortroux — vaste vertegenwoordiger
  6. 2024
    Annual accounts 20246,4 M €↓
  7. 26/12/2024
    augmentation_capital
  8. 20/12/2024
    augmentation_capital
  9. 2023
    Annual accounts 202313,1 M €↑
  10. 14/12/2023
    nominationHeider Ridha — bestuurder
  11. 01/09/2023
    nominationJan Vergote — bestuurder
  12. 2022
    Annual accounts 202212,1 M €
  13. 06/07/2021
    IncorporationPrivate limited company