ACTIVE

MERDE

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Financial year 2025 · closed on 31/12/2025

Net result

42,7 k €

-22.0% YoY

Gross margin

40,9 k €

-3.3% YoY

Equity

406,7 k €

+4.6% YoY

What does MERDE do?

MERDE is a Private limited company incorporated in 2009. Its main activity is: Hairdressing and other beauty treatment. Its registered office is in Deinze.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.086.205

Incorporation

14/01/2009

Legal form

Private limited company

Registered office

Kortrijkstraat 20
9800 Deinze · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

96021Hairdressing and other beauty treatment· main 96210Other personal service activities 47750Retail sale of cosmetic and toilet articles in specialised stores 47750Retail sale of cosmetic and toilet articles in specialised stores 64200Activities of holding companies 64210Activities of holding companies+2

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	40,9 k €	-3.3%	42,3 k €	+223%	13,1 k €	-71.5%	46,0 k €	+63.9%	28,1 k €	-25.7%	37,8 k €	-51.3%	77,5 k €	-8.6%	84,8 k €	+34.9%	62,8 k €	+32.4%	47,5 k €	+13.0%	42,0 k €	+85.6%	22,6 k €	+31.6%	17,2 k €	+18.0%	14,6 k €	-29.6%	20,7 k €	+207%	6,7 k €	+11.5%	6,1 k €
EBITDA	40,4 k €	-3.3%	41,8 k €	+232%	12,6 k €	-72.3%	45,5 k €	+65.0%	27,6 k €	-26.0%	37,3 k €	-51.6%	77,0 k €	-8.6%	84,3 k €	+35.2%	62,4 k €	+32.7%	47,0 k €	-7.1%	50,6 k €	+151%	20,2 k €	+18.7%	17,0 k €	+17.5%	14,4 k €	+25.4%	11,5 k €	+73.7%	6,6 k €	+9.6%	6,1 k €
Operating result	40,3 k €	-3.6%	41,8 k €	+250%	11,9 k €	-73.6%	45,2 k €	+67.8%	27,0 k €	-26.5%	36,7 k €	-52.0%	76,4 k €	-9.1%	84,0 k €	+35.0%	62,3 k €	+35.0%	46,1 k €	-7.2%	49,7 k €	+157%	19,4 k €	+23.3%	15,7 k €	+19.2%	13,2 k €	+14.3%	11,5 k €	+73.7%	6,6 k €	+9.6%	6,1 k €
Net result	42,7 k €	-22.0%	54,8 k €	-3.4%	56,7 k €	+96.6%	28,9 k €	+110%	13,8 k €	-35.5%	21,3 k €	-68.4%	67,6 k €	-12.0%	76,7 k €	+64.2%	46,7 k €	+83.1%	25,5 k €	-1.3%	25,8 k €	+138%	10,8 k €	+6.6%	10,2 k €	-16.3%	12,2 k €	+115%	5,7 k €	-14.3%	6,6 k €	+44.0%	4,6 k €
Balance sheet
Equity	406,7 k €	+4.6%	389,0 k €	+16.1%	335,0 k €	+20.0%	279,1 k €	+2.5%	272,2 k €	+3.7%	262,6 k €	+6.8%	245,7 k €	+29.6%	189,7 k €	+53.3%	123,8 k €	+54.6%	80,0 k €	+37.9%	58,0 k €	+60.3%	36,2 k €	+19.3%	30,4 k €	+15.9%	26,2 k €	+86.6%	14,0 k €	-19.2%	17,4 k €	+61.2%	10,8 k €
Total assets	442,3 k €	-0.4%	444,0 k €	-0.9%	447,9 k €	+1.1%	443,0 k €	-0.1%	443,2 k €	+0.8%	439,9 k €	-1.4%	446,2 k €	+0.3%	444,8 k €	+0.1%	444,2 k €	+88.3%	235,8 k €	+0.7%	234,3 k €	+9.9%	213,2 k €	+194%	72,5 k €	-3.8%	75,4 k €	-4.6%	79,1 k €	+6.2%	74,5 k €	+330%	17,3 k €
Cash	513,1 €	-89.6%	4,9 k €	+1837%	254,6 €	-89.8%	2,5 k €	+1598%	147,4 €	-51.0%	300,6 €	-95.1%	6,2 k €	+2.4%	6,0 k €	+31.0%	4,6 k €	+1506%	285,7 €	+24.0%	230,4 €	-96.7%	6,9 k €	+114%	3,2 k €	+20.6%	2,7 k €	-69.4%	8,7 k €	+96.5%	4,4 k €		–
Debts	35,6 k €	-35.1%	54,9 k €	-51.3%	112,8 k €	-31.0%	163,6 k €	-4.3%	170,9 k €	-3.5%	177,2 k €	-11.6%	200,5 k €	-21.4%	255,1 k €	-20.4%	320,5 k €	+106%	155,8 k €	-11.6%	176,2 k €	+4.9%	168,0 k €	+408%	33,1 k €	-17.6%	40,1 k €	-28.3%	56,0 k €	-2.0%	57,1 k €	+780%	6,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Meriem Moussaoui

Director · since 21 février 2011

Active

Ended mandates

Meriem Moussaoui

Manager · since 21 février 2011

Ended

Blouwe Filip

Manager

Ended

Meriem Moussaoui

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
KREDE● Active	0871.937.552

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	27/06/2025	20/06/2024	30/06/2023	13/06/2022	17/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	09/11/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	01/06/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	10/06/2014	09/09/2014	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	01/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Meriem Moussaoui

Director · since 21 février 2011

Active

Ended mandates

Meriem Moussaoui

Manager · since 21 février 2011

Ended

Blouwe Filip

Manager

Ended

Meriem Moussaoui

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other23/01/2009
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

2025
Annual accounts 202542,7 k €↓
2024
Annual accounts 202454,8 k €↓
2023
Annual accounts 202356,7 k €↑
2022
Annual accounts 202228,9 k €↑
2021
Annual accounts 202113,8 k €↓
2020
Annual accounts 202021,3 k €↓
2019
Annual accounts 201967,6 k €↓
2018
Annual accounts 201876,7 k €↑
2017
Annual accounts 201746,7 k €↑
2016
Annual accounts 201625,5 k €↓
2015
Annual accounts 201525,8 k €↑
2014
Annual accounts 201410,8 k €↑
2013
Annual accounts 201310,2 k €↓
2012
Annual accounts 201212,2 k €↑
2011
Annual accounts 20115,7 k €↓
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 20094,6 k €
14/01/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MERDE

Overview

What does MERDE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline