ACTIVE

MOERMAN

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Financial year 2025 · closed on 31/07/2025

Net result

851,6 k €

-33.2% YoY

Gross margin

3,2 M €

-8.6% YoY

Equity

8,3 M €

+11.4% YoY

Workforce

24,7 ETP

-3.9% YoY

What does MOERMAN do?

MOERMAN is a Private limited company incorporated in 2009. Its main activity is: Processing and preserving of poultry meat. Its registered office is in Kluisbergen. It employs on average 24,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.400.932

Incorporation

19/06/2009

Legal form

Private limited company

Registered office

Avelgemstraat 4 D
9690 Kluisbergen · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

31/07/2025

Average workforce

24,7 ETP

Activities (NACE)

10120Processing and preserving of poultry meat· main 10120Processing and preserving of poultry meat 46322Wholesale of meat and meat products 46322Wholesale of meat and meat products 10120Processing and preserving of poultry meat 10120Processing and preserving of poultry meat+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	3,2 M €	-8.6%	3,5 M €	-0.5%	3,5 M €	+55.8%	2,2 M €	-14.5%	2,6 M €	+5.2%	2,5 M €	+39.3%	1,8 M €	-5.0%	1,9 M €	+22.7%	1,5 M €	+63.8%	930,1 k €	-3.3%	961,9 k €	+1.4%	949,0 k €	+3.9%	913,7 k €	+9.8%	832,0 k €	+82.5%	455,9 k €
EBITDA	1,5 M €	-26.2%	2,1 M €	+0.1%	2,1 M €	+73.9%	1,2 M €	-29.2%	1,7 M €	-4.2%	1,8 M €	+74.9%	1,0 M €	-13.6%	1,2 M €	+32.2%	876,9 k €	+174%	320,0 k €	+8.9%	293,7 k €	+1.6%	289,0 k €	+7.2%	269,5 k €	+37.3%	196,3 k €	+722%	23,9 k €
Operating result	1,2 M €	-31.7%	1,7 M €	-1.6%	1,7 M €	+89.3%	921,2 k €	-35.5%	1,4 M €	+12.2%	1,3 M €	+69.9%	749,0 k €	-21.5%	954,4 k €	+45.5%	655,7 k €	+787%	73,9 k €	+28.2%	57,7 k €	-41.2%	98,1 k €	+2.1%	96,0 k €	+127%	42,3 k €	+490%	7,2 k €
Net result	851,6 k €	-33.2%	1,3 M €	+1.2%	1,3 M €	+97.9%	635,8 k €	-33.2%	952,2 k €	+11.6%	853,4 k €	+90.8%	447,2 k €	-22.8%	579,4 k €	+47.5%	392,7 k €	+3029%	12,6 k €	+726%	1,5 k €	-92.3%	19,8 k €	-13.2%	22,8 k €	+329%	5,3 k €	+168%	-7,8 k €
Balance sheet
Equity	8,3 M €	+11.4%	7,5 M €	+20.5%	6,2 M €	+25.4%	5,0 M €	+48.1%	3,3 M €	+39.7%	2,4 M €	+55.3%	1,5 M €	+40.8%	1,1 M €	+110%	523,2 k €	+301%	130,4 k €	+10.6%	117,9 k €	+1.3%	116,4 k €	+20.5%	96,6 k €	+30.9%	73,8 k €	+74.7%	42,2 k €
Total assets	10,1 M €	+4.0%	9,7 M €	+18.6%	8,2 M €	+14.9%	7,1 M €	+27.2%	5,6 M €	+17.5%	4,8 M €	-0.1%	4,8 M €	+12.8%	4,2 M €	+8.0%	3,9 M €	+13.0%	3,5 M €	-6.7%	3,7 M €	+8.1%	3,4 M €	+1.2%	3,4 M €	+5.8%	3,2 M €	+70.9%	1,9 M €
Cash	1,1 M €	+15.6%	947,6 k €	-52.9%	2,0 M €	+30.3%	1,5 M €	+5.5%	1,5 M €	+325%	344,0 k €	-67.1%	1,0 M €	+2.9%	1,0 M €	+84.1%	551,2 k €	+906%	54,8 k €	-65.5%	158,7 k €	+550%	24,4 k €	-77.5%	108,6 k €	+25.7%	86,4 k €	+210%	27,9 k €
Debts	1,7 M €	-20.5%	2,2 M €	+12.8%	1,9 M €	-8.5%	2,1 M €	-4.1%	2,2 M €	-4.8%	2,3 M €	-27.4%	3,2 M €	+4.3%	3,1 M €	-5.1%	3,2 M €	-3.0%	3,3 M €	-2.1%	3,4 M €	+2.6%	3,3 M €	+4.4%	3,2 M €	+1.4%	3,1 M €	+73.5%	1,8 M €
Other
Workforce	24,7 ETP	-3.9%	25,7 ETP	-4.5%	26,9 ETP	+18.0%	22,8 ETP	+15.7%	19,7 ETP	-2.5%	20,2 ETP	+1.0%	20,0 ETP	-0.5%	20,1 ETP	+2.6%	19,6 ETP	-4.4%	20,5 ETP	+6.2%	19,3 ETP	+6.6%	18,1 ETP	-1.1%	18,3 ETP	+7.0%	17,1 ETP	+15.5%	14,8 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 31/07/2025 · 2 active · 4 ended

Active mandates

Bart Moerman

Director · since 20 septembre 2024

Active

E-INVEST

Director · since 20 septembre 2024 · 1008.858.594

Represented by Moerman Edouard

Active

Ended mandates

E-INVEST

Director · since 24 septembre 2024 · 1008.858.594

Represented by Moerman EDOUARD

Ended

BART MOERMAN

Manager · since 01 août 2009

Ended

bart moerman

Administrator - manager

Ended

BART MOERMAN

Manager

Ended

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	01/08/2024	01/08/2023	01/08/2022	01/08/2021	01/08/2020	01/08/2019
Closing of the financial year	31/07/2025	31/07/2024	31/07/2023	31/07/2022	31/07/2021	31/07/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	30/01/2025	06/02/2024	25/01/2023	28/01/2022	23/12/2020
General meeting	15/11/2025	20/12/2024	20/12/2023	20/12/2022	20/12/2021	21/12/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/07/2025	15/11/2025	27/02/2026	Dutch	PDF
Abridged model	31/07/2024	20/12/2024	30/01/2025	Dutch	PDF
Abridged model	31/07/2023	20/12/2023	06/02/2024	Dutch	PDF
Abridged model	31/07/2022	20/12/2022	25/01/2023	Dutch	PDF
Abridged model	31/07/2021	20/12/2021	28/01/2022	Dutch	PDF
Abridged model	31/07/2020	21/12/2020	23/12/2020	Dutch	PDF
Abridged model	31/07/2019	20/12/2019	07/01/2020	Dutch	PDF
Abridged model	31/07/2018	20/12/2018	27/12/2018	Dutch	PDF
Abridged model	31/07/2017	20/12/2017	02/01/2018	Dutch	PDF
Abridged model	31/07/2016	20/12/2016	21/12/2016	Dutch	PDF
Abridged model	31/07/2015	21/12/2015	27/01/2016	Dutch	PDF
Abridged model	31/07/2014	20/12/2014	24/12/2014	Dutch	PDF
Abridged model	31/07/2013	20/12/2013	02/01/2014	Dutch	PDF
Abridged model	31/07/2012	20/12/2012	24/01/2013	Dutch	PDF
Abridged model	31/07/2011	20/12/2011	29/12/2011	Dutch	PDF
Abridged model	31/07/2010	20/12/2010	21/01/2011	Dutch	PDF

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 31/07/2025 · 2 active · 4 ended

Active mandates

Bart Moerman

Director · since 20 septembre 2024

Active

E-INVEST

Director · since 20 septembre 2024 · 1008.858.594

Represented by Moerman Edouard

Active

Ended mandates

E-INVEST

Director · since 24 septembre 2024 · 1008.858.594

Represented by Moerman EDOUARD

Ended

BART MOERMAN

Manager · since 01 août 2009

Ended

bart moerman

Administrator - manager

Ended

BART MOERMAN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other05/08/2010
Neerlegging verslagen quasi-inbreng .
PDF
Other29/06/2009
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 2025851,6 k €↓
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 2022635,8 k €↓
2020
Annual accounts 2020952,2 k €↑
2019
Annual accounts 2019853,4 k €↑
2018
Annual accounts 2018447,2 k €↓
2017
Annual accounts 2017579,4 k €↑
2016
Annual accounts 2016392,7 k €↑
2015
Annual accounts 201512,6 k €↑
2014
Annual accounts 20141,5 k €↓
2013
Annual accounts 201319,8 k €↓
2012
Annual accounts 201222,8 k €↑
2011
Annual accounts 20115,3 k €↑
2010
Annual accounts 2010-7,8 k €
19/06/2009
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

MOERMAN

Overview

What does MOERMAN do?

Trend over 15 financial years

Indicative valuation

Board of directors

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