ACTIVE

MERLUNO

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Financial year 2025 · closed on 31/12/2025

Net result

16,6 k €

+3275.6% YoY

Gross margin

59,2 k €

+35.1% YoY

Equity

63,9 k €

+35.1% YoY

Workforce

0,0 ETP

What does MERLUNO do?

MERLUNO is a Private limited company incorporated in 2006. Its main activity is: Specialised design activities. Its registered office is in Kontich.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.418.403

Incorporation

10/07/2006

Legal form

Private limited company

Registered office

Prins Boudewijnlaan 24
2550 Kontich · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

74142Specialised design activities· main 85592Other education n.e.c.85592Other education n.e.c.70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	59,2 k €	+35.1%	43,8 k €	+4.4%	42 k €	-45.0%	76,3 k €	-86.9%	582,8 k €	-12.8%	668,3 k €	-41.1%	1,1 M €	-10.8%	1,3 M €	+23.6%	1 M €	-26.0%	1,4 M €	-5.1%	1,5 M €	+0.5%	1,5 M €	+20.8%	1,2 M €	+78.0%	678 k €	+0.3%	675,7 k €	+13.7%	594,1 k €	+15.7%	513,6 k €	+42.4%	360,6 k €	+61.7%	223,1 k €	+388%	45,7 k €
EBITDA	53,4 k €	+41.4%	37,8 k €	+7.3%	35,2 k €	+56.4%	22,5 k €	+139%	9,4 k €	-90.7%	101,1 k €	+93.1%	52,4 k €	-72.0%	187,4 k €	+8214%	-2,3 k €	-101%	188,4 k €	+52.6%	123,5 k €	-26.4%	167,7 k €	+56.1%	107,4 k €	+87.7%	57,2 k €	+33.5%	42,9 k €	-58.1%	102,4 k €	+154%	40,2 k €	+8.3%	37,2 k €	+103%	18,3 k €	+312%	4,4 k €
Operating result	27,8 k €	+246%	8 k €	-51.0%	16,4 k €	+62.2%	10,1 k €	+160%	-16,9 k €	-124%	71,4 k €	+4964%	-1,5 k €	-101%	149,1 k €	+452%	-42,3 k €	-132%	134 k €	+191%	46,1 k €	-65.5%	133,4 k €	+49.6%	89,2 k €	+118%	40,9 k €	+54.2%	26,5 k €	-69.2%	86 k €	+387%	17,7 k €	-30.3%	25,3 k €	+125%	11,3 k €	+299%	2,8 k €
Net result	16,6 k €	+3276%	491,5 €	-92.6%	6,6 k €	+188%	2,3 k €	+108%	-28 k €	-173%	38,7 k €	+258%	-24,5 k €	-128%	87,3 k €	+238%	-63,4 k €	-641%	11,7 k €	+126%	-44,5 k €	-249%	29,9 k €	-38.0%	48,2 k €	+44984%	107 €	+101%	-7,5 k €	-1236%	656 €	+93.5%	339 €	-97.7%	15 k €	+1033%	1,3 k €	+104%	649 €
Balance sheet
Equity	63,9 k €	+35.1%	47,3 k €	+1.1%	46,8 k €	+16.6%	40,2 k €	+6.1%	37,9 k €	-42.6%	65,9 k €	+142%	27,2 k €	-73.2%	101,8 k €	+422%	19,5 k €	-76.5%	82,9 k €	+16.5%	71,2 k €	-38.5%	115,6 k €	-5.3%	122,1 k €	+65.3%	73,9 k €	+106%	35,8 k €	+47.6%	24,2 k €	-31.4%	35,4 k €	+52.3%	23,2 k €	+184%	8,2 k €	+19.4%	6,8 k €
Total assets	374,9 k €	-5.4%	396,2 k €	+8.2%	366,2 k €	-1.0%	369,9 k €	-12.6%	423,3 k €	-3.0%	436,6 k €	-22.3%	562,2 k €	+5.2%	534,2 k €	-24.0%	702,9 k €	-1.1%	710,5 k €	-41.6%	1,2 M €	+6.5%	1,1 M €	+26.3%	905,4 k €	+15.4%	784,5 k €	+65.9%	472,8 k €	-1.6%	480,7 k €	+22.8%	391,4 k €	+34.4%	291,2 k €	+112%	137,3 k €	+130%	59,6 k €
Cash	53,2 k €	+116%	24,6 k €	-4.5%	25,8 k €	+213%	8,2 k €	-89.9%	81,4 k €	+80.4%	45,1 k €	+209%	14,6 k €	-65.1%	41,9 k €	-69.4%	137,1 k €	+956%	13 k €	-80.9%	67,9 k €	-51.0%	138,5 k €	+1165%	10,9 k €	+606%	1,6 k €	-99.1%	165,5 k €	+4982%	3,3 k €	+173%	1,2 k €	+2073%	55 €	-99.7%	20,6 k €	+25.1%	16,4 k €
Debts	253,4 k €	-19.5%	314,8 k €	+12.9%	278,9 k €	+57.5%	177,1 k €	-30.4%	254,4 k €	-27.7%	351,9 k €	-25.2%	470,6 k €	+24.1%	379,2 k €	-39.7%	628,7 k €	+12.1%	560,7 k €	-48.0%	1,1 M €	+8.5%	994,2 k €	+27.4%	780,2 k €	+10.3%	707,2 k €	+61.8%	437 k €	-4.3%	456,4 k €	+30.4%	350 k €	+30.6%	267,9 k €	+108%	128,9 k €	+145%	52,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP	-100%	4,8 ETP	-42.2%	8,3 ETP	-23.9%	10,9 ETP	-31.0%	15,8 ETP	-3.1%	16,3 ETP	+0.6%	16,2 ETP	-17.3%	19,6 ETP	-14.4%	22,9 ETP	-9.8%	25,4 ETP	+13.4%	22,4 ETP	+56.6%	14,3 ETP	-7.1%	15,4 ETP	+20.3%	12,8 ETP	+4.1%	12,3 ETP	+43.0%	8,6 ETP	+48.3%	5,8 ETP	+262%	1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

NOAXX

Director · since 16 mars 2022 · 0780.359.258

Represented by Magali Silber

Active

OPEN C

Director · since 16 mars 2022 · 0842.651.470

Represented by Tom Dekkers

Active

WILLOW

Director · since 16 mars 2022 · 0780.362.921

Represented by Nathalie Van Oost

Active

Ended mandates

OPEN C

Director · since 16 juin 2022 · 0842.651.470

Represented by Tom DEKKERS

Ended

NOAXX

Bestuurder · since 16 mars 2022 · 0780.359.258

Represented by Magali SILBER

Ended

NOAXX

Director · since 16 mars 2022 · 0780.359.258

Represented by Magali SILBER

Ended

OPEN C

Bestuurder · since 16 mars 2022 · 0842.651.470

Represented by Tom DEKKERS

Ended

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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	17/06/2026	26/06/2025	25/07/2024	06/07/2023	31/08/2022	31/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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	16/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/08/2018	07/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	30/08/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	17/10/2013	Dutch	PDF
Abridged model	31/12/2011	28/08/2012	01/10/2012	Dutch	PDF
Abridged model	31/12/2010	07/10/2011	14/10/2011	Dutch	PDF
Abridged model	31/12/2009	31/07/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/08/2009	23/09/2009	Dutch	PDF
Abridged model	31/12/2007	23/07/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 18 ended

Active mandates

NOAXX

Director · since 16 mars 2022 · 0780.359.258

Represented by Magali Silber

Active

OPEN C

Director · since 16 mars 2022 · 0842.651.470

Represented by Tom Dekkers

Active

WILLOW

Director · since 16 mars 2022 · 0780.362.921

Represented by Nathalie Van Oost

Active

Ended mandates

OPEN C

Director · since 16 juin 2022 · 0842.651.470

Represented by Tom DEKKERS

Ended

NOAXX

Bestuurder · since 16 mars 2022 · 0780.359.258

Represented by Magali SILBER

Ended

NOAXX

Director · since 16 mars 2022 · 0780.359.258

Represented by Magali SILBER

Ended

OPEN C

Bestuurder · since 16 mars 2022 · 0842.651.470

Represented by Tom DEKKERS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/09/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2019
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/03/2019
KAPITAAL - AANDELEN
PDF
Mandates13/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other29/03/2018
DOEL
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 202516,6 k €↑
2024
Annual accounts 2024491,5 €↓
2023
Annual accounts 20236,6 k €↑
2022
Annual accounts 20222,3 k €↑
2021
Annual accounts 2021-28 k €↓
2020
Annual accounts 202038,7 k €↑
2019
Annual accounts 2019-24,5 k €↓
2018
Annual accounts 201887,3 k €↑
2018
Name changeMerluno
2017
Annual accounts 2017-63,4 k €↓
2016
Annual accounts 201611,7 k €↑
2015
Annual accounts 2015-44,5 k €↓
2014
Annual accounts 201429,9 k €↓
2013
Annual accounts 201348,2 k €↑
2012
Annual accounts 2012107 €↑
2011
Annual accounts 2011-7,5 k €↓
2010
Annual accounts 2010656 €↑
2009
Annual accounts 2009339 €↓
2008
Annual accounts 200815 k €↑
2007
Annual accounts 20071,3 k €↑
2006
Annual accounts 2006649 €
10/07/2006
IncorporationPrivate limited company
2006
Name changeVELOCITAS

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

MERLUNO

Overview

What does MERLUNO do?

Trend over 20 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