ACTIVE

The Merode

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Financial year 2025 · closed on 30/06/2025
Net result
23,7 k €
-98.1% YoY
Gross margin
1,6 M €
-41.6% YoY
Equity
40,6 k €
+140.7% YoY
Workforce
17,0 ETP
+20.6% YoY

What does The Merode do?

The Merode is a Public limited company incorporated in 2004. Its registered office is in Bruxelles. It employs on average 17,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0870.366.647
Incorporation
03/12/2004
Legal form
Public limited company
Registered office
Place Poelaert 6
1000 Bruxelles · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
30/06/2025
Average workforce
17,0 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202020192017201420132012200920072006
Income statement
Gross margin1,6 M €2,8 M €-725,2 k €6 k €-235,5 k €3,4 M €––––––152,3 k €
EBITDA545,4 k €1,8 M €-1,2 M €-453,5 k €-360,7 k €3,3 M €299,4 k €-104,6 k €-68,4 k €-184,7 k €-173,6 k €-245,6 k €28,9 k €
Operating result153,8 k €1,4 M €-1,4 M €-609,1 k €-368 k €3,2 M €287,7 k €-451,3 k €-405,3 k €-515 k €-280,7 k €-245,6 k €28,9 k €
Net result23,7 k €1,2 M €-1,5 M €-716,4 k €-405,4 k €3 M €235,5 k €-1,1 M €-762,8 k €-1,2 M €-485,4 k €-259,2 k €7,2 k €
Balance sheet
Equity40,6 k €16,9 k €-1,2 M €316,7 k €2,1 M €2,5 M €92,2 k €2,7 M €-7 M €-6,2 M €-731,8 k €-117 k €142,2 k €
Total assets4,4 M €3,9 M €4,3 M €4,9 M €4,1 M €5,4 M €3 M €5,8 M €6,5 M €6,7 M €10,9 M €2,2 M €1,9 M €
Cash11,3 k €7,2 k €1,3 M €2,1 M €3,4 M €4,9 M €2,8 M €18,6 k €96,5 k €36,1 k €978 k €19,1 k €–
Debts4,3 M €3,8 M €5,5 M €4,6 M €2 M €2,9 M €2,8 M €3,2 M €11,1 M €10,9 M €11,5 M €2,2 M €1,7 M €
Other
Workforce17,0 ETP14,1 ETP9,1 ETP10,3 ETP2,0 ETP1,9 ETP1,9 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 30/06/2025 · 1 active · 33 ended

Active mandates

Bruno Pani

Managing director · since 28 juin 2023 · until 31 octobre 2028

Active

Ended mandates

Bernard Stas

Director · since 09 octobre 2020 · until 17 mai 2024

Ended
Bernard Stas

Director · since 09 octobre 2020 · until 22 octobre 2026

Ended
Bernard Stas

Director · since 09 octobre 2020

Ended
Jean-Philippe Maes

Director · since 09 octobre 2020 · until 22 octobre 2026

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/02/202623/12/202425/01/202431/01/202328/02/202218/01/2021
General meeting23/10/202528/11/202426/10/202327/10/202228/10/202126/10/2020
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202523/10/202504/02/2026FrenchPDF
Abridged model30/06/202428/11/202423/12/2024FrenchPDF
Abridged model30/06/202326/10/202325/01/2024FrenchPDF
Abridged model30/06/202227/10/202231/01/2023FrenchPDF
Abridged model30/06/202128/10/202128/02/2022FrenchPDF
Abridged model30/06/202026/10/202018/01/2021FrenchPDF
Abridged model30/06/201924/10/201911/08/2020FrenchPDF
Full model31/12/201726/04/201809/07/2018FrenchPDF
Full model31/12/201619/05/201730/05/2017FrenchPDF
Full model31/12/201516/05/201606/07/2016FrenchPDF
Full model31/12/201418/05/201511/06/2015FrenchPDF
Full model31/12/201327/06/201415/07/2014FrenchPDF
Full model31/12/201225/04/201306/06/2013FrenchPDF
Full model31/12/201118/05/201209/07/2012FrenchPDF
Full model31/12/201004/10/201111/10/2011FrenchPDF
Full model31/12/200916/07/201027/08/2010FrenchPDF
Full model31/12/200816/11/200908/07/2010FrenchPDF
Full modelCorrection31/12/200715/02/200804/02/2010FrenchPDF
Full model31/12/200715/05/200830/06/2008FrenchPDF
Abridged model31/12/200626/04/200710/07/2007FrenchPDF
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 30/06/2025 · 1 active · 33 ended

Active mandates

Bruno Pani

Managing director · since 28 juin 2023 · until 31 octobre 2028

Active

Ended mandates

Bernard Stas

Director · since 09 octobre 2020 · until 17 mai 2024

Ended
Bernard Stas

Director · since 09 octobre 2020 · until 22 octobre 2026

Ended
Bernard Stas

Director · since 09 octobre 2020

Ended
Jean-Philippe Maes

Director · since 09 octobre 2020 · until 22 octobre 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other20/05/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates26/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other12/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET
    PDF
  • Mandates12/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2023
    DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/10/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other09/01/2019
    OBJET - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    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 202523,7 k €↓
  2. 2024
    Annual accounts 20241,2 M €↑
  3. 2023
    Annual accounts 2023-1,5 M €↓
  4. 2023
    Name changeThe Merode
  5. 2022
    Annual accounts 2022-716,4 k €↓
  6. 2022
    Name changeWild Gallery
  7. 2020
    Annual accounts 2020-405,4 k €↓
  8. 2019
    Annual accounts 20193 M €↑
  9. 2017
    Annual accounts 2017235,5 k €↑
  10. 2014
    Annual accounts 2014-1,1 M €↓
  11. 2013
    Annual accounts 2013-762,8 k €↑
  12. 2012
    Annual accounts 2012-1,2 M €↓
  13. 2009
    Annual accounts 2009-485,4 k €↓
  14. 2007
    Annual accounts 2007-259,2 k €↓
  15. 2006
    Annual accounts 20067,2 k €
  16. 03/12/2004
    IncorporationPublic limited company