ACTIVE

MERVAR

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Financial year 2025 · closed on 31/12/2025
Net result
802,6 k €
-20.8% YoY
Gross margin
1,3 M €
-17.1% YoY
Equity
1,7 M €
-29.2% YoY
Workforce
1,9 ETP
+5.6% YoY

What does MERVAR do?

MERVAR is a Private limited company incorporated in 2021. Its main activity is: Veterinary activities. Its registered office is in Merksplas. It employs on average 1,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0771.968.956
Incorporation
03/08/2021
Legal form
Private limited company
Registered office
Heiseneinde 64
2330 Merksplas · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Activities (NACE)
75000Veterinary activities· main75000Veterinary activities
Joint committees (2)
  • 336
  • 3360
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
Gross margin1,3 M €1,5 M €1,6 M €1,2 M €1,2 M €
EBITDA1,2 M €1,4 M €1,4 M €1,1 M €1,1 M €
Operating result1,1 M €1,3 M €1,4 M €999,3 k €1,1 M €
Net result802,6 k €1 M €1 M €732 k €781,2 k €
Balance sheet
Equity1,7 M €2,4 M €1,9 M €1,4 M €786,2 k €
Total assets2,1 M €2,9 M €3,5 M €2,9 M €2,6 M €
Cash339,7 k €1 M €229,2 k €730,9 k €442,1 k €
Debts380,2 k €550,2 k €1,6 M €1,5 M €1,8 M €
Other
Workforce1,9 ETP1,8 ETP2,4 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 · 1 active · 1 ended

Active mandates

DIERENARTSPRAKTIJK DE LETTER PAUL

Director · since 07 juin 2021 · 0841.581.797

Represented by Paul de Letter

Active

Ended mandates

DIERENARTSPRAKTIJK DE LETTER PAUL

Director · since 07 juin 2021 · 0841.581.797

Represented by Paul de Letter

Ended
At this address

Other companies at this address

CompanyCBE no.
DIERENARTSPRAKTIJK DE LETTER PAUL● Active
0841.581.797
IMMO VEPA● Active
0785.578.452
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202203/08/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months5 months
Filing date05/06/202624/02/202501/07/202428/07/202302/05/2022
General meeting01/06/202621/02/202503/06/202405/06/202330/04/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202605/06/2026DutchPDF
Abridged model31/12/202421/02/202524/02/2025DutchPDF
Abridged model31/12/202303/06/202401/07/2024DutchPDF
Abridged model31/12/202205/06/202328/07/2023DutchPDF
Abridged model31/12/202130/04/202202/05/2022DutchPDF
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 · 1 active · 1 ended

Active mandates

DIERENARTSPRAKTIJK DE LETTER PAUL

Director · since 07 juin 2021 · 0841.581.797

Represented by Paul de Letter

Active

Ended mandates

DIERENARTSPRAKTIJK DE LETTER PAUL

Director · since 07 juin 2021 · 0841.581.797

Represented by Paul de Letter

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other06/08/2021
    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 2025802,6 k €↓
  2. 2024
    Annual accounts 20241 M €↑
  3. 2023
    Annual accounts 20231 M €↑
  4. 2022
    Annual accounts 2022732 k €↓
  5. 2021
    Annual accounts 2021781,2 k €
  6. 03/08/2021
    IncorporationPrivate limited company