ACTIVE

MERKATOR

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Financial year 2025 · closed on 31/12/2025
Net result
-46 k €
-173.2% YoY
Revenue
13,3 M €
+25.5% YoY
Equity
2,9 M €
-1.6% YoY
Workforce
56,4 ETP
+14.4% YoY

What does MERKATOR do?

MERKATOR is a Public limited company incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Asse. It employs on average 56,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.944.576
Incorporation
05/10/2011
Legal form
Public limited company
Registered office
Vliegwezenlaan 48
1731 Asse · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
56,4 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Joint committees (2)
  • 200
  • 218
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Revenue13,3 M €10,6 M €9,7 M €8,5 M €7,2 M €6,4 M €5 M €4,4 M €3,3 M €2,8 M €2,1 M €1,7 M €1,3 M €–
EBITDA1,6 M €1,4 M €844,6 k €1,5 M €1,4 M €1,3 M €1,1 M €1,2 M €686,9 k €447,9 k €491 k €299,3 k €222,4 k €10,9 k €
Operating result730,1 k €583,2 k €90,1 k €953,3 k €891,6 k €940,2 k €803,3 k €1 M €533,9 k €311,8 k €362,5 k €185,9 k €178,4 k €-13,9 k €
Net result-46 k €62,7 k €-160,3 k €589,5 k €593,4 k €640 k €598,1 k €660,1 k €290,7 k €141,3 k €188,4 k €86,8 k €92,1 k €-30 k €
Balance sheet
Equity2,9 M €3 M €2,9 M €3,1 M €2,6 M €2,2 M €1,7 M €1,2 M €645,8 k €405,1 k €303,8 k €160,5 k €103,6 k €31,5 k €
Total assets28,3 M €15,2 M €14,5 M €10,4 M €5,2 M €4,4 M €4,2 M €3,6 M €2,3 M €1,9 M €1,7 M €1,5 M €699,6 k €345 k €
Cash1,2 M €1 M €308,3 k €221,7 k €547,5 k €1 M €233,4 k €194,9 k €406,5 k €169,7 k €233 k €162,6 k €128,9 k €121,2 k €
Debts24,7 M €11,4 M €11,3 M €7,2 M €2,5 M €2,1 M €2,3 M €2 M €1,7 M €1,5 M €1,4 M €1,3 M €596 k €312,2 k €
Other
Workforce56,4 ETP49,3 ETP49,0 ETP48,0 ETP42,6 ETP37,0 ETP32,8 ETP28,6 ETP22,0 ETP17,8 ETP14,5 ETP10,6 ETP7,5 ETP4,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

DAVE DIONNE

Director · since 25 septembre 2013

Active
OLIVIER DAMANET

Director · since 25 septembre 2013

Active
5GEE

Director · 0800.446.869

Represented by Geert De Coensel

Active

Ended mandates

5GEE

Managing director · since 25 mai 2023 · 0800.446.869

Represented by Geert De Coensel

Ended
DAVE DIONNE

Director · since 02 mai 2018

Ended
OLIVIER DAMANET

Director · since 02 mai 2018

Ended
GEERT DE COENSEL

Managing director · since 02 mai 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
Merkator Group● Active
1003.329.594
Merkator Partners● Active
1008.241.457
Spatial Intelligence Genuine & Generic IT Solutions● Active
0899.980.054
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/07/202609/07/202518/06/202406/06/202313/06/202231/05/2021
General meeting30/06/202627/06/202504/06/202425/05/202317/05/202204/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202628/07/2026DutchPDF
Full model31/12/202427/06/202509/07/2025DutchPDF
Full model31/12/202304/06/202418/06/2024DutchPDF
Full model31/12/202225/05/202306/06/2023DutchPDF
Abridged model31/12/202117/05/202213/06/2022DutchPDF
Abridged model31/12/202004/05/202131/05/2021DutchPDF
Abridged model31/12/201920/05/202017/06/2020DutchPDF
Abridged model31/12/201814/05/201907/06/2019DutchPDF
Abridged model31/12/201702/05/201815/05/2018DutchPDF
Abridged model31/12/201602/05/201715/05/2017DutchPDF
Abridged model31/12/201503/05/201619/05/2016DutchPDF
Abridged model31/12/201405/05/201519/05/2015DutchPDF
Abridged model31/12/201310/04/201422/04/2014DutchPDF
Abridged model31/12/201206/05/201308/05/2013DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

DAVE DIONNE

Director · since 25 septembre 2013

Active
OLIVIER DAMANET

Director · since 25 septembre 2013

Active
5GEE

Director · 0800.446.869

Represented by Geert De Coensel

Active

Ended mandates

5GEE

Managing director · since 25 mai 2023 · 0800.446.869

Represented by Geert De Coensel

Ended
DAVE DIONNE

Director · since 02 mai 2018

Ended
OLIVIER DAMANET

Director · since 02 mai 2018

Ended
GEERT DE COENSEL

Managing director · since 02 mai 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Restructuring25/08/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates29/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/05/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office31/10/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/07/2014
    ONTSLAGEN - BENOEMINGEN
    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 2025-46 k €↓
  2. 2024
    Annual accounts 202462,7 k €↑
  3. 2023
    Annual accounts 2023-160,3 k €↓
  4. 2022
    Annual accounts 2022589,5 k €↓
  5. 2021
    Annual accounts 2021593,4 k €↓
  6. 2020
    Annual accounts 2020640 k €↑
  7. 2019
    Annual accounts 2019598,1 k €↓
  8. 2018
    Annual accounts 2018660,1 k €↑
  9. 2017
    Annual accounts 2017290,7 k €↑
  10. 2016
    Annual accounts 2016141,3 k €↓
  11. 2015
    Annual accounts 2015188,4 k €↑
  12. 2014
    Annual accounts 201486,8 k €↓
  13. 2013
    Annual accounts 201392,1 k €↑
  14. 2012
    Annual accounts 2012-30 k €
  15. 05/10/2011
    IncorporationPublic limited company