ACTIVE

Merford Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result14,2 k €-20,5 %over 1 year

Gross margin639,8 k €-3,5 %over 1 year

Equity173,1 k €+8,9 %over 1 year

Workforce5,5 ETP-1,8 %over 1 year

Identity

Source · BCE/KBO

Merford Belgium is a Private company with limited liability incorporated in 2011. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Wommelgem. It employs on average 5,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0839.487.092
Incorporation: 21/09/2011
Legal form: Private company with limited liability
Registered office: Nijverheidsstraat 70
2160 Wommelgem · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 5,5 ETP

Activities (NACE)

43240Electrical, plumbing and other construction installation activities· main 43299Other construction installation 46739Wholesale of wood, construction materials and sanitary equipment 46839Wholesale trade, except of motor vehicles and motorcycles 43230Electrical, plumbing and other construction installation activities 43291Other construction installation+4

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	639,8 k €	-3.5%	662,8 k €	+11.1%	596,4 k €	+72.2%	346,3 k €	+7.3%	322,7 k €
EBITDA	72 k €	-5.9%	76,5 k €	+40.4%	54,5 k €	+95.8%	27,8 k €	+71.4%	16,2 k €
Operating result	27,2 k €	-14.2%	31,7 k €	+35.7%	23,4 k €	-16.0%	27,8 k €	+74.1%	16 k €
Net result	14,2 k €	-20.5%	17,8 k €	+22.0%	14,6 k €	-24.1%	19,3 k €	+66.0%	11,6 k €
Balance sheet
Equity	173,1 k €	+8.9%	159 k €	+12.6%	141,1 k €	+11.6%	126,5 k €	+18.0%	107,2 k €
Total assets	725,4 k €	-5.4%	766,5 k €	-11.4%	865,3 k €	+366%	185,8 k €	-1.3%	188,1 k €
Cash	393,6 k €	+61.4%	243,9 k €	-34.6%	372,7 k €	+175%	135,6 k €	+434%	25,4 k €
Debts	552,2 k €	-9.0%	606,9 k €	+15.8%	524,2 k €	+785%	59,2 k €	-26.8%	80,9 k €
Other
Workforce	5,5 ETP	-1.8%	5,6 ETP	-5.1%	5,9 ETP	+63.9%	3,6 ETP	+9.1%	3,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Maria Aarts

Director · since 01 avril 2026

Active

Robert Ter Horst

Director · since 01 mars 2019

Active

Ended mandates

Robert John Ter Horst

Director · since 01 mars 2019

Ended

Adriana Vertooren

Director · since 16 septembre 2011

Ended

Adriana Vertooren

Manager · since 16 septembre 2011

Ended

Robert Ter Horst

Director · since 16 septembre 2011

Ended

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Nijverheidsstraat 70 2160 Wommelgem

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AH Commerce● Bankrupt	1012.690.886
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Full financial information

Source · NBB

	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	28/08/2026	16/07/2025	08/07/2024	23/08/2023	26/08/2022	24/08/2021
General meeting	27/08/2026	03/06/2025	30/06/2024	06/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	16/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	29/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	24/12/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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

2 active · 4 ended

Active mandates

Maria Aarts

Director · since 01 avril 2026

Active

Robert Ter Horst

Director · since 01 mars 2019

Active

Ended mandates

Robert John Ter Horst

Director · since 01 mars 2019

Ended

Adriana Vertooren

Director · since 16 septembre 2011

Ended

Adriana Vertooren

Manager · since 16 septembre 2011

Ended

Robert Ter Horst

Director · since 16 septembre 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/09/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other23/09/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202514,2 k €↓
2024
Annual accounts 202417,8 k €↑
2023
Annual accounts 202314,6 k €↓
2022
Annual accounts 202219,3 k €↑
2021
Annual accounts 202111,6 k €↓
2020
Annual accounts 202017,2 k €↓
2019
Annual accounts 201919,4 k €↓
2018
Annual accounts 201827,3 k €↑
2017
Annual accounts 201723,7 k €↓
2016
Annual accounts 201626,7 k €↑
2014
Annual accounts 2014-96,7 k €↓
2013
Annual accounts 201390,8 k €↑
2012
Annual accounts 2012-72,9 k €
21/09/2011
IncorporationPrivate company with limited liability

Merford Belgium

Overview

Identity

Financials

Valuation

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

Timeline