NORMAL SITUATION

MESTRABEL

Financial year 2025 · closed on 31/07/2025
Net result
-442,8 k €
-91.1% YoY
Gross margin
-5,2 k €
-100.3% YoY
Equity
89,2 k €
-83.2% YoY
Workforce
10,9 ETP
-54.8% YoY

Company — Normal situation.

What does MESTRABEL do?

MESTRABEL is a company registered in Belgium. It employs on average 10,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0880.178.889
Legal form
Public limited company
Contributed capital
100 000,00 €
Latest accounts
31/07/2025
Average workforce
10,9 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Healthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin-5,2 k €1,6 M €1,6 M €916,4 k €749,6 k €727,6 k €817,4 k €409,3 k €427,6 k €377,9 k €213,9 k €143,9 k €89,4 k €47,8 k €-2,9 k €-1,1 k €-6,5 k €-14,3 k €-29 k €
EBITDA-254,8 k €509 k €650,2 k €279,5 k €149,2 k €274,4 k €59,8 k €215,4 k €261 k €299,7 k €159,1 k €102,3 k €64,7 k €29,3 k €-3,3 k €-1,5 k €-6,8 k €-14,8 k €-29,7 k €
Operating result-383,5 k €-152,2 k €479,2 k €155,7 k €62,5 k €241,2 k €22,4 k €73,2 k €98,8 k €142,8 k €46,3 k €-9,8 k €60,7 k €28,8 k €-3,8 k €-2,3 k €-7,6 k €-15,6 k €-31,2 k €
Net result-442,8 k €-231,7 k €274,5 k €75,7 k €8 k €132 k €-25,9 k €52,9 k €66,2 k €86,3 k €40 k €-7,9 k €61,7 k €10,1 k €-26,3 k €-2,4 k €-7,7 k €-15,6 k €-32,8 k €
Balance sheet
Equity89,2 k €532 k €763,7 k €489,2 k €413,5 k €405,6 k €273,6 k €299,5 k €249,3 k €186,8 k €104,3 k €68,1 k €66,7 k €25,4 k €15,3 k €41,6 k €43,9 k €51,6 k €67,2 k €
Total assets2,8 M €2,9 M €3,5 M €1,9 M €1,7 M €1,3 M €1,2 M €859,7 k €995,9 k €743,1 k €597,1 k €683,1 k €187,6 k €156,1 k €15,3 k €75,6 k €76,3 k €78,1 k €77,9 k €
Cash25 k €21,5 k €89,7 k €20,2 k €83,1 k €213,6 k €257,4 k €9,6 k €242,8 k €155 k €7,6 k €8 k €25,3 k €40,2 k €0 €150,9 €18,1 €303,9 €271,4 €
Debts2,2 M €2 M €2,7 M €1,4 M €1,2 M €895,1 k €895,1 k €557,9 k €746,7 k €556,3 k €492,8 k €615 k €120,9 k €113,5 k €0 €34,1 k €32,4 k €26,5 k €10,7 k €
Other
Workforce10,9 ETP24,1 ETP12,1 ETP23,6 ETP24,3 ETP12,1 ETP7,4 ETP4,5 ETP4,5 ETP1,9 ETP1,1 ETP1,0 ETP1,0 ETP
Governance

Board of directors

Seen on filing of 31/07/2025 · 2 active · 15 ended

Active mandates

BULLIE

Managing director · 0795.338.830

Represented by Buess Sebastien

Active
POSTALIA BELGIUM

Managing director · 0463.006.734

Represented by Gallé Bo

Active

Ended mandates

BULLIE

Managing director · since 29 décembre 2023 · until 03 mai 2028 · 0795.338.830

Represented by Buess SEBASTIEN

Ended
POSTALIA BELGIUM

Managing director · since 29 décembre 2023 · until 03 mai 2028 · 0463.006.734

Represented by Gallé BO

Ended
Martin BILLIET

Director · since 01 septembre 2020 · until 02 mai 2024

Ended
SOPHIE PANIE

Director · since 15 octobre 2013 · until 02 mai 2019

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/07/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year7 months12 months12 months12 months12 months12 months
Filing date24/02/202630/09/202518/10/202419/07/202328/07/202216/09/2021
General meeting14/02/202626/09/202502/05/202407/06/202330/06/202205/05/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/07/202514/02/202624/02/2026FrenchPDF
Abridged model31/12/202426/09/202530/09/2025FrenchPDF
Abridged model31/12/202302/05/202418/10/2024DutchPDF
Abridged model31/12/202207/06/202319/07/2023FrenchPDF
Abridged model31/12/202130/06/202228/07/2022FrenchPDF
Abridged modelCorrection31/12/202005/05/202116/09/2021FrenchPDF
Abridged model31/12/202005/05/202119/08/2021FrenchPDF
Abridged modelCorrection31/12/201901/09/202025/11/2020FrenchPDF
Abridged model31/12/201901/09/202009/10/2020FrenchPDF
Abridged model31/12/201802/05/201922/07/2019FrenchPDF
Abridged model31/12/201702/05/201824/05/2018FrenchPDF
Abridged model31/12/201603/05/201723/08/2017FrenchPDF
Abridged model31/12/201504/05/201615/06/2016FrenchPDF
Abridged model31/12/201406/05/201522/07/2015FrenchPDF
Abridged model31/12/201307/05/201426/08/2014FrenchPDF
Abridged model31/12/201208/05/201328/06/2013FrenchPDF
Abridged model31/12/201107/05/201226/06/2012FrenchPDF
Abridged model31/12/201030/06/201101/08/2011DutchPDF
Abridged model31/12/200930/06/201014/07/2010DutchPDF
Abridged model31/12/200830/06/200930/07/2009FrenchPDF
Abridged model31/12/200712/05/200818/06/2008FrenchPDF
Estimate

Indicative valuation

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 31/07/2025 · 2 active · 15 ended

Active mandates

BULLIE

Managing director · 0795.338.830

Represented by Buess Sebastien

Active
POSTALIA BELGIUM

Managing director · 0463.006.734

Represented by Gallé Bo

Active

Ended mandates

BULLIE

Managing director · since 29 décembre 2023 · until 03 mai 2028 · 0795.338.830

Represented by Buess SEBASTIEN

Ended
POSTALIA BELGIUM

Managing director · since 29 décembre 2023 · until 03 mai 2028 · 0463.006.734

Represented by Gallé BO

Ended
Martin BILLIET

Director · since 01 septembre 2020 · until 02 mai 2024

Ended
SOPHIE PANIE

Director · since 15 octobre 2013 · until 02 mai 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring02/01/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS
    PDF
  • Restructuring06/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates08/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/06/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/11/2020
    DEMISSIONS, NOMINATIONS
    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 2025-442,8 k €
  2. 2024
    Annual accounts 2024-231,7 k €
  3. 2023
    Annual accounts 2023274,5 k €
  4. 2022
    Annual accounts 202275,7 k €
  5. 2021
    Annual accounts 20218 k €
  6. 2020
    Annual accounts 2020132 k €
  7. 2019
    Annual accounts 2019-25,9 k €
  8. 2018
    Annual accounts 201852,9 k €
  9. 2017
    Annual accounts 201766,2 k €
  10. 2016
    Annual accounts 201686,3 k €
  11. 2015
    Annual accounts 201540 k €
  12. 2014
    Annual accounts 2014-7,9 k €
  13. 2013
    Annual accounts 201361,7 k €
  14. 2012
    Annual accounts 201210,1 k €
  15. 2011
    Annual accounts 2011-26,3 k €
  16. 2010
    Annual accounts 2010-2,4 k €
  17. 2009
    Annual accounts 2009-7,7 k €
  18. 2008
    Annual accounts 2008-15,6 k €
  19. 2007
    Annual accounts 2007-32,8 k €