ACTIVE

MERLIER BART

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Financial year 2025 · closed on 30/09/2025

Net result

4 k €

-92.1% YoY

Gross margin

167,9 k €

-31.4% YoY

Equity

679 k €

+0.6% YoY

What does MERLIER BART do?

MERLIER BART is a Private limited company incorporated in 2006. Its registered office is in Anzegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.772.191

Incorporation

20/01/2006

Legal form

Private limited company

Registered office

Schellebellestraat 4
8570 Anzegem · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	167,9 k €	-31.4%	244,6 k €	+28.3%	190,7 k €	-54.8%	422,3 k €	-34.0%	639,7 k €	+61.1%	397 k €	+37.7%	288,3 k €	-11.4%	325,5 k €	+89.4%	171,9 k €	-3.9%	178,9 k €	-7.4%	193,2 k €	+53.8%	125,6 k €	+60.5%	78,3 k €	+7.7%	72,7 k €	+148%	29,3 k €	-0.7%	29,6 k €	-50.4%	59,6 k €	-2.3%	61 k €	+4.3%	58,5 k €
EBITDA	99,4 k €	-42.4%	172,6 k €	+23.2%	140,1 k €	-46.1%	259,9 k €	-36.3%	408,3 k €	+34.0%	304,6 k €	+34.8%	226 k €	-19.4%	280,3 k €	+114%	130,8 k €	-17.7%	158,8 k €	-17.0%	191,3 k €	+54.8%	123,6 k €	+58.8%	77,8 k €	+32.8%	58,6 k €	+101%	29,2 k €	-0.1%	29,2 k €	-50.9%	59,5 k €	-2.3%	60,9 k €	+4.3%	58,4 k €
Operating result	-4,7 k €	-106%	73,5 k €	+104%	36,1 k €	-76.2%	151,6 k €	-26.1%	205,1 k €	+40.6%	145,8 k €	+448%	26,6 k €	-82.8%	154,7 k €	+4726%	3,2 k €	-89.0%	29,2 k €	-64.2%	81,6 k €	+528%	13 k €	+722%	-2,1 k €	-116%	12,8 k €	+264%	-7,8 k €	+45.4%	-14,3 k €	-163%	22,7 k €	-39.6%	37,6 k €	+4.4%	36,1 k €
Net result	4 k €	-92.1%	50,7 k €	+121%	22,9 k €	-78.4%	106 k €	+7.6%	98,5 k €	+2.9%	95,8 k €	+628%	13,2 k €	-85.7%	92 k €	+1643%	-6 k €	-140%	14,8 k €	-71.6%	51,9 k €	+495%	8,7 k €	+2809%	300 €	-97.2%	10,7 k €	+1241%	-942 €	+94.5%	-17 k €	-184%	20,3 k €	-38.3%	32,9 k €	+9.2%	30,1 k €
Balance sheet
Equity	679 k €	+0.6%	675 k €	+8.1%	624,3 k €	+3.8%	601,4 k €	+21.4%	495,4 k €	+24.8%	396,9 k €	+31.8%	301,1 k €	+4.6%	287,9 k €	+47.0%	195,9 k €	-3.0%	201,9 k €	+7.9%	187,1 k €	+38.4%	135,2 k €	+6.9%	126,5 k €	+0.2%	126,2 k €	+9.3%	115,4 k €	-0.8%	116,4 k €	-12.8%	133,4 k €	+18.0%	113,1 k €	+41.1%	80,1 k €
Total assets	1,7 M €	-8.2%	1,8 M €	-0.9%	1,8 M €	+4.5%	1,8 M €	+22.5%	1,4 M €	+3.4%	1,4 M €	+12.6%	1,2 M €	+27.9%	959,5 k €	+28.4%	747,5 k €	-1.0%	754,9 k €	-8.7%	826,9 k €	+15.9%	713,5 k €	+16.8%	610,9 k €	+67.5%	364,8 k €	+21.4%	300,5 k €	-12.5%	343,4 k €	+29.6%	264,9 k €	+68.4%	157,3 k €	+54.5%	101,8 k €
Cash	183,8 k €	-23.6%	240,6 k €	+27.8%	188,2 k €	-12.0%	213,8 k €		–		230,8 k €	+1.4%	227,6 k €	-35.3%	351,7 k €	+54.0%	228,4 k €	+57.1%	145,3 k €	-33.1%	217,3 k €	+678%	27,9 k €	+8.0%	25,8 k €	-50.9%	52,6 k €	+99.1%	26,4 k €	-8.2%	28,8 k €	-63.1%	77,9 k €	-25.6%	104,8 k €	+130%	45,5 k €
Debts	965 k €	-13.6%	1,1 M €	-7.2%	1,2 M €	+4.7%	1,1 M €	+169%	426,7 k €	-56.7%	984,9 k €	+6.3%	926,3 k €	+37.9%	671,6 k €	+21.8%	551,6 k €	-0.3%	553,1 k €	-13.6%	639,8 k €	+10.6%	578,2 k €	+19.4%	484,4 k €	+103%	238,6 k €	+28.9%	185,1 k €	-18.5%	227 k €	+72.6%	131,5 k €	+198%	44,2 k €	+104%	21,7 k €
Other
Workforce	–		2,7 ETP	0.0%	2,7 ETP	0.0%	2,7 ETP	-10.0%	3,0 ETP	+42.9%	2,1 ETP		–		–		–		0,6 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Bart Merlier

Director · since 19 janvier 2006

Active

Ended mandates

Bart MERLIER

Director

Ended

Bart MERLIER

Manager

Ended

FREDDY HELLIN

Manager

Ended

KOEN MERLIER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
TILIBADI● Active	0758.517.828

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	21 months	12 months
Filing date	30/04/2026	22/04/2025	21/03/2024	22/03/2023	30/05/2022	30/10/2020
General meeting	20/03/2026	21/03/2025	15/03/2024	17/03/2023	25/05/2022	15/10/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	20/03/2026	30/04/2026	Dutch	PDF
Abridged modelCorrection	30/09/2024	21/03/2025	22/04/2025	Dutch	PDF
Abridged model	30/09/2024	21/03/2025	25/03/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	21/03/2024	Dutch	PDF
Abridged model	30/09/2022	17/03/2023	22/03/2023	Dutch	PDF
Abridged model	30/09/2021	25/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2019	15/10/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	01/09/2019	02/09/2019	Dutch	PDF
Micro model	31/12/2017	23/09/2018	02/10/2018	Dutch	PDF
Micro model	31/12/2016	26/09/2017	30/11/2017	Dutch	PDF
Abridged model	31/12/2015	17/09/2016	18/09/2016	Dutch	PDF
Abridged model	31/12/2014	23/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/08/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/08/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/08/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/08/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	29/08/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Bart Merlier

Director · since 19 janvier 2006

Active

Ended mandates

Bart MERLIER

Director

Ended

Bart MERLIER

Manager

Ended

FREDDY HELLIN

Manager

Ended

KOEN MERLIER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other28/04/2014
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates22/11/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other01/02/2006
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 20254 k €↓
2024
Annual accounts 202450,7 k €↑
2023
Annual accounts 202322,9 k €↓
2022
Annual accounts 2022106 k €↑
2021
Annual accounts 202198,5 k €↑
2019
Annual accounts 201995,8 k €↑
2018
Annual accounts 201813,2 k €↓
2017
Annual accounts 201792 k €↑
2016
Annual accounts 2016-6 k €↓
2015
Annual accounts 201514,8 k €↓
2014
Annual accounts 201451,9 k €↑
2013
Annual accounts 20138,7 k €↑
2012
Annual accounts 2012300 €↓
2011
Annual accounts 201110,7 k €↑
2010
Annual accounts 2010-942 €↑
2009
Annual accounts 2009-17 k €↓
2008
Annual accounts 200820,3 k €↓
2007
Annual accounts 200732,9 k €↑
2006
Annual accounts 200630,1 k €
20/01/2006
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

MERLIER BART

Overview

What does MERLIER BART 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