ACTIVE

Mestdagh-V

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Financial year 2025 · closed on 31/12/2025

Net result

299,1 k €

+12.3% YoY

Gross margin

568,4 k €

+10.8% YoY

Equity

282,7 k €

-8.4% YoY

Workforce

3,0 ETP

0.0% YoY

What does Mestdagh-V do?

Mestdagh-V is a Private limited company incorporated in 2005. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Torhout. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.223.575

Incorporation

22/07/2005

Legal form

Private limited company

Registered office

Aartrijkestraat 39
8820 Torhout · FlandreSee on map

Contributed capital

60 247,99 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 67201Agents et courtiers d'assurances 66191Other activities auxiliary to financial services, except insurance and pension funding 66191Other activities auxiliary to financial services, except insurance and pension funding

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	568,4 k €	+10.8%	513,1 k €	+9.2%	469,8 k €	+4.8%	448,4 k €	+2.1%	439,2 k €	+13.8%	386 k €	+8.7%	355 k €	-24.2%	468,6 k €	-26.5%	637,8 k €	+51.8%	420,1 k €	+16.5%	360,7 k €	-1.0%	364,3 k €	-12.5%	416,2 k €	+30.7%	318,5 k €	-5.3%	336,4 k €	+14.2%	294,5 k €	-1.5%	299 k €	-21.8%	382,5 k €	-16.3%	457,1 k €
EBITDA	386,8 k €	+12.6%	343,6 k €	+12.4%	305,8 k €	+2.4%	298,5 k €	-11.8%	338,2 k €	+12.3%	301,1 k €	+31.3%	229,3 k €	-24.0%	301,7 k €	-36.8%	477,2 k €	+92.8%	247,6 k €	+11.2%	222,5 k €	-7.4%	240,4 k €	-18.2%	294 k €	+40.5%	209,3 k €	-10.3%	233,4 k €	+16.3%	200,6 k €	-24.1%	264,2 k €	-24.5%	349,7 k €	-14.0%	406,5 k €
Operating result	343,9 k €	+12.4%	305,8 k €	+15.3%	265,3 k €	+3.0%	257,7 k €	-12.7%	295,3 k €	+21.3%	243,3 k €	+65.8%	146,8 k €	-36.5%	231,3 k €	-42.5%	401,9 k €	+171%	148,2 k €	-19.0%	183,1 k €	-15.2%	215,8 k €	-19.3%	267,5 k €	+150%	107,1 k €	-11.8%	121,4 k €	+28.7%	94,4 k €	-41.4%	161,1 k €	-27.8%	223,2 k €	+46.1%	152,8 k €
Net result	299,1 k €	+12.3%	266,4 k €	+18.0%	225,7 k €	+4.2%	216,6 k €	-13.3%	250 k €	+26.7%	197,2 k €	+97.2%	100 k €	-45.6%	183,7 k €	-44.9%	333,4 k €	+228%	101,5 k €	-9.7%	112,4 k €	-20.4%	141,3 k €	-17.5%	171,2 k €	+200%	57,1 k €	-32.0%	84 k €	+30.8%	64,2 k €	-34.5%	98 k €	-21.6%	125 k €	+37.5%	90,9 k €
Balance sheet
Equity	282,7 k €	-8.4%	308,6 k €	+60.5%	192,3 k €	-23.8%	252,3 k €	-44.6%	455,7 k €	+82.8%	249,2 k €	+0.9%	247 k €	-20.2%	309,7 k €	-56.1%	706 k €	+5.0%	672,6 k €	+17.8%	571,1 k €	+21.1%	471,6 k €	+89.5%	248,9 k €	+220%	77,7 k €	-82.3%	439,4 k €	+22.8%	357,8 k €	+20.9%	296 k €	+53.1%	193,4 k €	+183%	68,3 k €
Total assets	546,7 k €	-1.5%	554,7 k €	+49.7%	370,7 k €	-50.6%	749,7 k €	+16.2%	645 k €	-0.1%	646 k €	+35.8%	475,7 k €	-51.8%	986,6 k €	-9.3%	1,1 M €	+43.8%	756,1 k €	-12.1%	860 k €	+41.1%	609,5 k €	+35.2%	450,7 k €	-22.5%	581,7 k €	+3.5%	562 k €	+6.5%	527,6 k €	-13.6%	610,6 k €	+40.1%	435,9 k €	-22.0%	559,2 k €
Cash	346,4 k €	+6.7%	324,7 k €	+56.8%	207,1 k €	-61.8%	542,1 k €	+29.2%	419,6 k €	+10.2%	380,7 k €	+163%	145 k €	-78.1%	662,3 k €	-7.8%	718,2 k €	+24853%	2,9 k €	+312%	699 €	+88.6%	370,6 €	-87.1%	2,9 k €		–		1,5 k €	-47.4%	2,8 k €	-57.5%	6,6 k €	-69.9%	21,9 k €	-72.4%	79,5 k €
Debts	263,9 k €	+7.2%	246,1 k €	+37.9%	178,4 k €	-64.1%	497,4 k €	+163%	189,4 k €	-52.3%	396,7 k €	+74.3%	227,6 k €	-66.3%	676 k €	+77.3%	381,3 k €	+357%	83,4 k €	-71.1%	288,2 k €	+113%	135,2 k €	-31.9%	198,6 k €	-60.6%	503,6 k €	+316%	121,1 k €	-20.2%	151,7 k €	-29.3%	214,6 k €	-11.5%	242,6 k €	-46.7%	455,3 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-3.2%	3,1 ETP	+47.6%	2,1 ETP	+5.0%	2,0 ETP	-37.5%	3,2 ETP	+3.2%	3,1 ETP	0.0%	3,1 ETP	-6.1%	3,3 ETP	+32.0%	2,5 ETP	+19.0%	2,1 ETP	-4.5%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Dries Mestdagh

Director

Active

MESTDAGH - HARDEMAN

Director · 0436.499.307

Represented by Ilse Hardeman

Active

Ended mandates

MESTDAGH - HARDEMAN

Manager · since 08 août 2026 · 0436.499.307

Represented by Dries Mestdagh

Ended

MESTDAGH - HARDEMAN

Manager · since 08 août 2006 · 0436.499.307

Represented by Dries Mestdagh

Ended

Dries Mestdagh

Manager · since 01 août 2005

Ended

Dries Mestdagh

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP MH● Active	0660.897.919
Mestdagh-B● Active	0707.604.706
MESTDAGH - HARDEMAN● Active	0436.499.307

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	17/07/2026	18/07/2025	29/06/2024	27/06/2023	27/06/2022	22/07/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	18/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	29/06/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	16/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	15/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 11 ended

Active mandates

Dries Mestdagh

Director

Active

MESTDAGH - HARDEMAN

Director · 0436.499.307

Represented by Ilse Hardeman

Active

Ended mandates

MESTDAGH - HARDEMAN

Manager · since 08 août 2026 · 0436.499.307

Represented by Dries Mestdagh

Ended

MESTDAGH - HARDEMAN

Manager · since 08 août 2006 · 0436.499.307

Represented by Dries Mestdagh

Ended

Dries Mestdagh

Manager · since 01 août 2005

Ended

Dries Mestdagh

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/10/2018
BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN
PDF
Restructuring10/07/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/08/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares12/12/2013
KAPITAAL - AANDELEN
PDF
Capital / shares22/08/2006
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025299,1 k €↑
2024
Annual accounts 2024266,4 k €↑
2023
Annual accounts 2023225,7 k €↑
2022
Annual accounts 2022216,6 k €↓
2021
Annual accounts 2021250 k €↑
2019
Annual accounts 2019197,2 k €↑
2018
Annual accounts 2018100 k €↓
2018
Name changeMestdagh-V
2017
Annual accounts 2017183,7 k €↓
2016
Annual accounts 2016333,4 k €↑
2015
Annual accounts 2015101,5 k €↓
2014
Annual accounts 2014112,4 k €↓
2013
Annual accounts 2013141,3 k €↓
2012
Annual accounts 2012171,2 k €↑
2011
Annual accounts 201157,1 k €↓
2010
Annual accounts 201084 k €↑
2009
Annual accounts 200964,2 k €↓
2008
Annual accounts 200898 k €↓
2007
Annual accounts 2007125 k €↑
2006
Annual accounts 200690,9 k €
2006
Name changeMESTDAGH B & V
22/07/2005
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

Mestdagh-V

Overview

What does Mestdagh-V do?

Trend over 19 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