ACTIVE

MERODIS

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Financial year 2025 · closed on 31/12/2025

Net result

158,4 k €

-59.3% YoY

Gross margin

827,9 k €

+19.4% YoY

Equity

998 k €

+11.0% YoY

Workforce

5,8 ETP

-18.3% YoY

What does MERODIS do?

MERODIS is a Private limited company incorporated in 2008. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.534.187

Incorporation

31/01/2008

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Joint committees (1)

2000

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	827,9 k €	+19.4%	693,5 k €	-45.2%	1,3 M €	+119%	577,8 k €	-32.3%	853,4 k €	+16341%	5,2 k €	-98.8%	418,4 k €	+28.7%	325,1 k €	-17.1%	392 k €	-26.3%	531,6 k €	+55.2%	342,5 k €	+30.5%	262,5 k €	-67.8%	816,2 k €	+94.2%	420,4 k €	+8.1%	388,9 k €	+7.1%	363,2 k €	+291%	92,9 k €	+401%	18,6 k €
EBITDA	258,5 k €	+1273%	18,8 k €	-97.2%	684,6 k €	+415%	132,8 k €	-73.6%	503,1 k €	+385%	-176,8 k €	-172%	244 k €	+75.8%	138,8 k €	-55.3%	310,2 k €	-32.7%	461,1 k €	+82.2%	253,1 k €	+87.8%	134,8 k €	-82.1%	752,3 k €	+136%	318,8 k €	-2.9%	328,3 k €	+2.3%	321 k €	+397%	64,6 k €	+326%	15,2 k €
Operating result	233,1 k €	-64.2%	651 k €	+578%	96 k €	-2.0%	97,9 k €	-79.6%	480,1 k €	+342%	-198,8 k €	-190%	221,3 k €	+90.2%	116,4 k €	-61.7%	304 k €	-33.4%	456,3 k €	+84.3%	247,6 k €	+91.2%	129,5 k €	-82.7%	747,6 k €	+146%	303,8 k €	-3.2%	314 k €	+2.1%	307,6 k €	+486%	52,5 k €	+908%	5,2 k €
Net result	158,4 k €	-59.3%	389 k €	+615%	54,4 k €	-48.6%	105,8 k €	-71.0%	364,9 k €	+201%	-360,7 k €	-316%	166,6 k €	+277%	44,2 k €	-75.0%	176,5 k €	-47.0%	333,3 k €	+151%	132,8 k €	+91.0%	69,5 k €	-86.0%	495,1 k €	+143%	203,5 k €	+0.6%	202,2 k €	+1.8%	198,6 k €	+530%	31,5 k €	+7045%	441 €
Balance sheet
Equity	998 k €	+11.0%	898,8 k €	+0.4%	895,2 k €	+1.5%	882 k €	+8.8%	810,9 k €	+70.1%	476,6 k €	-43.1%	837,3 k €	+20.1%	697 k €	+8.8%	640,5 k €	+38.0%	464 k €	-20.1%	580,7 k €	-2.9%	598 k €	+13.2%	528,4 k €	+86.5%	283,4 k €	+13.4%	249,9 k €	+424%	47,7 k €	+25.1%	38,2 k €	+474%	6,6 k €
Total assets	1,5 M €	-75.5%	6 M €	+404%	1,2 M €	-3.0%	1,2 M €	+15.3%	1,1 M €	+77.1%	598,9 k €	-48.9%	1,2 M €	+35.9%	862,3 k €	-34.0%	1,3 M €	+76.2%	741,3 k €	-27.3%	1 M €	+23.0%	829,3 k €	-11.5%	936,6 k €	+63.0%	574,7 k €	+47.8%	388,8 k €	-7.5%	420,2 k €	+108%	201,6 k €	+221%	62,9 k €
Cash	592 k €	+36.4%	434 k €	+146%	176,1 k €	-26.4%	239,3 k €	-29.0%	337,1 k €	+53.6%	219,5 k €	-47.7%	419,8 k €	+27.6%	329 k €	-26.7%	448,7 k €	+97.7%	227 k €	-59.0%	553,5 k €	+83.7%	301,3 k €	-30.2%	431,5 k €	+22.9%	351 k €	+75.4%	200,1 k €	-14.0%	232,8 k €	+278%	61,6 k €	+434%	11,5 k €
Debts	440 k €	-91.3%	5,1 M €	+1640%	291,2 k €	-13.9%	338,3 k €	+35.4%	249,8 k €	+104%	122,2 k €	-63.5%	334,7 k €	+103%	165,2 k €	-75.2%	665,5 k €	+140%	277,3 k €	-36.9%	439,3 k €	+90.0%	231,3 k €	-43.3%	408,2 k €	+40.1%	291,3 k €	+110%	138,8 k €	-62.7%	372,5 k €	+128%	163,4 k €	+191%	56,2 k €
Other
Workforce	5,8 ETP	-18.3%	7,1 ETP		–		5,0 ETP	+2.0%	4,9 ETP	+113%	2,3 ETP		–		2,1 ETP	0.0%	2,1 ETP	+23.5%	1,7 ETP	-15.0%	2,0 ETP	-25.9%	2,7 ETP	+170%	1,0 ETP	-47.4%	1,9 ETP	+35.7%	1,4 ETP	+75.0%	0,8 ETP	+33.3%	0,6 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 · 21 ended

Active mandates

Finstratum DMC

Director · since 01 octobre 2017 · 0845.838.515

Represented by MARCKX Dirk

Active

VIGILANT FINANCIAL ADVISORY

Director · since 01 octobre 2017 · 0870.215.308

Represented by GOOSSENS Arnaud

Active

Ended mandates

KURUMBA

Director · since 01 octobre 2017 · 0676.845.115

Represented by Steven MEULDERMANS

Ended

Ptarick MICHIELSEN

Manager · since 05 février 2008

Ended

Thierry HAZEVOETS

Manager · since 05 février 2008

Ended

CENTOYA

Director · 0809.882.494

Represented by RODOLPHE BLONDIAU

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro 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	29/04/2026	03/07/2025	28/06/2024	05/07/2023	06/10/2022	10/11/2021
General meeting	27/04/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/04/2026	29/04/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	03/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	05/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	24/06/2022	06/10/2022	French	PDF
Abridged model	31/12/2021	24/06/2022	02/09/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	10/11/2021	French	PDF
Micro model	31/12/2019	26/06/2020	05/10/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	14/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	19/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	29/06/2009	French	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 · 21 ended

Active mandates

Finstratum DMC

Director · since 01 octobre 2017 · 0845.838.515

Represented by MARCKX Dirk

Active

VIGILANT FINANCIAL ADVISORY

Director · since 01 octobre 2017 · 0870.215.308

Represented by GOOSSENS Arnaud

Active

Ended mandates

KURUMBA

Director · since 01 octobre 2017 · 0676.845.115

Represented by Steven MEULDERMANS

Ended

Ptarick MICHIELSEN

Manager · since 05 février 2008

Ended

Thierry HAZEVOETS

Manager · since 05 février 2008

Ended

CENTOYA

Director · 0809.882.494

Represented by RODOLPHE BLONDIAU

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
DENOMINATION, STATUTS (TRADUCTION, COORDINATION,
PDF
Mandates18/09/2026
DENOMINATION, STATUTS (TRADUCTION, COORDINATION,
PDF
Mandates02/09/2026
Nomination - démission
PDF
Capital / shares18/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates15/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - CAPITAL, ACTIONS - 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

2025
Annual accounts 2025158,4 k €↓
2024
Annual accounts 2024389 k €↑
2023
Annual accounts 202354,4 k €↓
2022
Annual accounts 2022105,8 k €↓
2021
Annual accounts 2021364,9 k €↑
2020
Annual accounts 2020-360,7 k €↓
2019
Annual accounts 2019166,6 k €↑
2018
Annual accounts 201844,2 k €↓
2017
Annual accounts 2017176,5 k €↓
2016
Annual accounts 2016333,3 k €↑
2015
Annual accounts 2015132,8 k €↑
2014
Annual accounts 201469,5 k €↓
2013
Annual accounts 2013495,1 k €↑
2012
Annual accounts 2012203,5 k €↑
2011
Annual accounts 2011202,2 k €↑
2010
Annual accounts 2010198,6 k €↑
2009
Annual accounts 200931,5 k €↑
2008
Annual accounts 2008441 €
31/01/2008
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

MERODIS

Overview

What does MERODIS do?

Trend over 18 financial years

Indicative valuation

Board of directors

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