MOERMAN
Annual accounts 2025
full format, filed on 31-08-2026, 31 days late€11.2m
▼ 0.5%
€529,654
▲ 16.5%
€1.5m
▲ 11.7%
€1.2m
▲ 15.9%
43.1%
▲ 1.6 percentage points
1.29
▲ 0.02
Money flows
of every €100 of turnover, €2.21 remains as profit in 2025Balance sheet
balance sheet total €12.8m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
43.1%
Higher than 41% of 144 companies in 2025.
1.29
Higher than 27% of 139 companies in 2025.
1.9%
Higher than 42% of 143 companies in 2025.
MOERMAN
Middle half of the sector
80% of the sector
Full accounts in other manufacturing (NACE 32)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half
Staff
Men and women46% women
16.7 men and 14.3 women in full-time equivalents in 2025.
€54,659
Men €52,927, women €57,447 per full-time equivalent. Jobs differ, so this is not a pay gap.
+2 people
people who joined
people who left
In 2025, 2 people joined and nobody left. Training hours in 2025: 72. Agency workers: 0.4 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
12.8m | 13.3m | 13.7m | 12.1m | 12.7m | 12.1m | 12.6m | 13.1m | 13.0m | 12.1m | 12.7m | 12.1m | 13.0m | 10.4m | 9.0m | 8.3m | 7.9m | 8.5m | 6.0m | 6.2m | |
21/28 |
8.2m | 8.8m | 8.5m | 5.9m | 7.9m | 8.2m | 8.6m | 8.8m | 8.9m | 8.6m | 8.1m | 8.7m | 8.7m | 6.6m | 3.6m | 3.6m | 3.2m | 3.4m | 2.0m | 2.3m | |
21 |
257,973 | 250,451 | 252,839 | 297,024 | 423,931 | 486,446 | 550,389 | 545,781 | 237,663 | 162,131 | 171,419 | 185,678 | 141,254 | 177,305 | 324,287 | 447,584 | 585,494 | 698,868 | 61,100 | 80,800 | |
22/27 |
7.9m | 8.5m | 8.2m | 5.6m | 7.5m | 7.7m | 8.0m | 8.2m | 8.7m | 8.4m | 7.9m | 7.4m | 7.5m | 2.3m | 2.6m | 2.5m | 2.0m | 2.0m | 1.9m | 2.2m | |
22 |
6.3m | 6.4m | 6.3m | 3.7m | 5.8m | 5.9m | 6.1m | 6.1m | 6.0m | 6.0m | 6.1m | 6.2m | 6.4m | 1.1m | 1.2m | 1.3m | 1.3m | 1.4m | 1.5m | 1.6m | |
23 |
1.5m | 1.9m | 1.7m | 1.8m | 1.6m | 1.7m | 1.9m | 2.0m | 2.2m | 2.3m | 1.1m | 1.2m | 1.1m | 1.2m | 1.4m | 1.2m | 596,240 | 568,723 | 357,422 | 532,593 | |
24 |
149,108 | 211,586 | 207,479 | 95,222 | 90,954 | 77,952 | 75,083 | 74,368 | 71,091 | 35,719 | 40,364 | 47,016 | 7,393 | 5,895 | 21,610 | 38,357 | 27,023 | 40,761 | 51,236 | 67,079 | |
27 |
- | - | - | - | - | - | - | - | 310,580 | - | 548,280 | - | - | - | - | - | - | - | - | - | |
28 |
3,456 | 3,194 | 4,175 | 4,719 | 3,265 | 2,978 | 2,629 | 3,671 | 5,591 | 5,458 | 13,958 | 1.1m | 1.0m | 4.1m | 641,988 | 640,877 | 632,865 | 633,443 | 3,633 | 3,601 | |
280/1 |
- | - | 0 | 2 | 2 | 2 | 2 | 1,003 | 1,003 | 1,003 | 1,003 | 1.1m | 1.0m | 4.1m | 630,000 | 630,000 | 630,000 | 630,000 | - | - | |
280 |
- | - | 0 | 1 | 1 | 1 | 1 | 1,001 | 1,001 | 1,001 | 1,001 | 1,001 | 1,002 | 2.7m | 630,000 | 630,000 | 630,000 | 630,000 | - | - | |
281 |
- | - | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1.1m | 1.0m | 1.4m | - | - | - | - | - | - | |
284/8 |
3,456 | 3,194 | 4,175 | 4,717 | 3,263 | 2,976 | 2,627 | 2,668 | 4,588 | 4,455 | 12,955 | 19,137 | 7,710 | 12,303 | 11,988 | 10,877 | 2,865 | 3,443 | 3,633 | 3,601 | |
285/8 |
3,456 | 3,194 | 4,175 | 4,717 | 3,263 | 2,976 | 2,627 | 2,668 | 4,588 | 4,455 | 12,955 | 19,137 | 7,710 | 12,303 | 11,988 | 10,877 | 2,865 | 3,443 | 3,633 | 3,601 | |
29/58 |
4.6m | 4.5m | 5.2m | 6.2m | 4.8m | 3.9m | 4.0m | 4.3m | 4.1m | 3.5m | 4.7m | 3.4m | 4.3m | 3.8m | 5.5m | 4.7m | 4.7m | 5.1m | 4.0m | 3.9m | |
3 |
2.4m | 2.6m | 2.6m | 3.1m | 2.5m | 2.1m | 2.1m | 1.9m | 1.8m | 1.6m | 1.8m | 1.6m | 2.0m | 2.2m | 1.9m | 2.0m | 1.9m | 2.5m | 1.7m | 1.7m | |
30/36 |
2.4m | 2.6m | 2.6m | 3.1m | 2.5m | 2.1m | 2.1m | 1.9m | 1.8m | 1.6m | 1.8m | 1.6m | 2.0m | 2.2m | 1.9m | 2.0m | 1.9m | 2.5m | 1.7m | 1.7m | |
30/31 |
1.1m | 1.1m | 1.2m | 1.3m | 990,856 | 799,666 | 774,599 | 727,710 | 729,069 | 724,185 | 845,347 | 1.6m | 1.6m | 1.8m | 1.9m | 2.0m | 1.9m | 2.5m | 1.7m | 1.7m | |
32 |
359,658 | 372,631 | 432,301 | 560,527 | 369,780 | 281,864 | 263,447 | 250,794 | 254,210 | 196,504 | 243,766 | - | - | - | - | - | - | - | - | - | |
33 |
577,488 | 585,341 | 527,174 | 652,839 | 652,230 | 584,195 | 619,375 | 595,305 | 512,701 | 353,291 | 299,663 | - | - | - | - | - | - | - | - | - | |
34 |
361,518 | 521,018 | 467,522 | 610,920 | 487,756 | 451,087 | 401,184 | 370,209 | 335,927 | 346,609 | 382,907 | - | - | - | - | - | - | - | - | - | |
36 |
- | - | - | - | - | - | - | - | - | - | - | - | 373,289 | 326,893 | - | - | - | - | - | - | |
40/41 |
2.2m | 1.8m | 2.4m | 2.8m | 2.1m | 1.5m | 1.6m | 2.1m | 2.0m | 1.8m | 2.7m | 1.6m | 2.1m | 1.5m | 3.4m | 2.6m | 2.5m | 2.4m | 2.1m | 1.9m | |
40 |
2.1m | 1.7m | 2.3m | 2.7m | 2.0m | 1.4m | 1.5m | 1.8m | 1.6m | 1.5m | 1.6m | 1.6m | 1.9m | 1.4m | 1.5m | 1.2m | 1.5m | 1.7m | 1.3m | 1.1m | |
41 |
63,351 | 79,655 | 88,426 | 112,576 | 79,558 | 101,328 | 169,558 | 364,150 | 337,862 | 270,033 | 1.2m | 82,108 | 111,423 | 100,805 | 1.8m | 1.3m | 1.0m | 744,131 | 774,358 | 802,327 | |
54/58 |
32,932 | 98,260 | 268,479 | 334,529 | 207,416 | 314,549 | 293,658 | 264,961 | 307,436 | 121,238 | 153,835 | 156,272 | 217,140 | 89,038 | 192,804 | 144,232 | 292,408 | 182,403 | 183,529 | 119,473 | |
490/1 |
3,512 | 952 | 3,305 | 32 | - | - | 2,319 | 18,619 | 12,897 | - | 2,375 | 3,939 | 12,683 | 9,674 | 8,856 | 11,971 | - | 2,111 | 31,369 | 157,731 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
12.8m | 13.3m | 13.7m | 12.1m | 12.7m | 12.1m | 12.6m | 13.1m | 13.0m | 12.1m | 12.7m | 12.1m | 13.0m | 10.4m | 9.0m | 8.3m | 7.9m | 8.5m | 6.0m | 6.2m | |
10/15 |
5.5m | 5.5m | 5.4m | 5.2m | 5.8m | 5.3m | 5.3m | 4.9m | 4.7m | 4.7m | 4.4m | 4.1m | 5.1m | 3.0m | 2.5m | 2.5m | 2.5m | 2.7m | 2.2m | 1.9m | |
10/11 |
1.0m | 1.0m | 1.0m | 1.0m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 1.9m | 1.9m | 1.9m | 1.0m | 992,318 | 992,318 | 992,318 | 992,318 | 992,318 | |
10 |
1.0m | 1.0m | 1.0m | 1.0m | 3.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
1.0m | 1.0m | 1.0m | 1.0m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 3.1m | 1.9m | 1.9m | 1.9m | 1.0m | 992,318 | 992,318 | 992,318 | 992,318 | 992,318 | |
12 |
626,774 | 626,774 | 626,774 | 626,774 | - | - | - | - | - | - | - | 5.4m | 5.4m | - | - | - | - | - | - | - | |
13 |
2.8m | 2.8m | 2.9m | 2.8m | 1.4m | 1.4m | 1.4m | 1.0m | 1.0m | 1.0m | 989,813 | 971,120 | 971,120 | 971,120 | 993,585 | 1.0m | 1.1m | 1.2m | 961,310 | 950,503 | |
130/1 |
165,104 | 165,104 | 165,104 | 165,104 | 165,104 | 136,286 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
165,104 | 165,104 | 165,104 | 165,104 | 165,104 | 136,286 | 134,776 | 129,963 | 118,614 | 118,032 | 104,623 | 85,930 | 85,930 | 85,930 | 85,930 | 84,401 | 83,648 | 83,648 | 68,438 | 57,631 | |
132 |
1.2m | 1.2m | 1.3m | 1.5m | 385,823 | 394,091 | 402,050 | - | - | - | - | - | - | - | 22,465 | 69,171 | 116,848 | 195,400 | - | - | |
133 |
1.4m | 1.4m | 1.4m | 1.2m | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 885,190 | 892,872 | 892,872 | 892,872 | 892,872 | 892,872 | |
14 |
1.2m | 1.1m | 949,888 | 729,327 | 1.3m | 820,305 | 816,621 | 816,621 | 620,992 | 609,930 | 355,170 | -4.2m | -3.2m | 169,469 | 505,381 | 476,324 | 462,025 | 495,419 | 206,425 | 1,089 | |
16 |
396,317 | 414,043 | 433,061 | 494,880 | 128,566 | 131,322 | 133,976 | - | - | - | 75,000 | - | - | - | 12,083 | 36,133 | 60,683 | 132,429 | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | 75,000 | - | - | - | - | - | - | 31,298 | - | - | |
162 |
- | - | - | - | - | - | - | - | - | - | 75,000 | - | - | - | - | - | - | 11,298 | - | - | |
164/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | - | - | |
168 |
396,317 | 414,043 | 433,061 | 494,880 | 128,566 | 131,322 | 133,976 | - | - | - | - | - | - | - | 12,083 | 36,133 | 60,683 | 101,131 | - | - | |
17/49 |
6.9m | 7.3m | 7.9m | 6.5m | 6.8m | 6.7m | 7.1m | 8.2m | 8.3m | 7.3m | 8.2m | 8.1m | 7.9m | 7.4m | 6.5m | 5.7m | 5.3m | 5.7m | 3.8m | 4.3m | |
17 |
3.3m | 3.8m | 3.9m | 1.4m | 1.5m | 1.7m | 1.9m | 2.5m | 2.7m | 2.5m | 2.6m | 4.8m | 4.7m | 4.8m | 4.4m | 4.4m | 3.8m | 3.9m | 2.4m | 2.7m | |
170/4 |
3.3m | 3.8m | 3.9m | 1.4m | 1.5m | 1.7m | 1.9m | 2.5m | 2.7m | 2.5m | 2.6m | 4.8m | 4.7m | 4.8m | 4.4m | 4.4m | 3.8m | 3.9m | 2.4m | 2.7m | |
170 |
1.0m | 1.0m | 1.0m | 1.0m | 1.4m | 1.4m | 1.4m | 1.8m | 1.8m | - | - | - | - | - | - | - | - | - | - | - | |
172 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,741 | |
173 |
2.3m | 2.8m | 2.9m | 360,000 | 133,846 | 349,231 | 456,923 | 672,308 | 887,692 | 653,077 | 768,462 | 4.8m | 4.7m | 4.8m | 4.4m | 4.4m | 3.8m | 3.9m | 2.4m | 2.7m | |
174 |
- | - | - | - | - | - | - | - | - | 1.8m | 1.8m | - | - | - | - | - | - | - | - | - | |
42/48 |
3.6m | 3.5m | 3.8m | 5.0m | 5.2m | 4.9m | 5.2m | 5.5m | 5.5m | 4.9m | 5.6m | 3.3m | 3.2m | 2.6m | 2.2m | 1.3m | 1.5m | 1.8m | 1.5m | 1.6m | |
42 |
480,952 | 480,952 | 514,405 | 153,846 | 215,385 | 215,385 | 215,385 | 215,385 | 215,385 | 115,385 | 115,385 | 115,385 | 55,385 | 115,385 | 80,000 | 80,000 | 80,000 | 80,000 | 88,981 | 89,309 | |
43 |
1.6m | 1.5m | 1.7m | 2.9m | 3.4m | 3.9m | 3.9m | 3.9m | 3.8m | 3.2m | 3.3m | - | - | 9,164 | - | - | - | - | - | - | |
430/8 |
1.6m | 1.5m | 1.7m | 2.9m | 3.4m | 3.9m | 3.9m | 3.9m | 3.8m | 3.2m | 3.3m | - | - | 9,164 | - | - | - | - | - | - | |
44 |
1.1m | 1.2m | 1.2m | 1.3m | 1.2m | 557,997 | 768,096 | 1.0m | 989,240 | 1.3m | 1.8m | 1.5m | 1.5m | 1.5m | 1.2m | 869,167 | 1.2m | 1.4m | 1.1m | 1.2m | |
440/4 |
1.1m | 1.2m | 1.2m | 1.3m | 1.2m | 557,997 | 768,096 | 1.0m | 989,240 | 1.3m | 1.8m | 1.5m | 1.5m | 1.5m | 1.2m | 869,167 | 1.2m | 1.4m | 1.1m | 1.2m | |
45 |
270,806 | 283,434 | 261,589 | 332,094 | 387,530 | 227,122 | 203,245 | 241,575 | 244,907 | 222,703 | 206,010 | 203,462 | 177,722 | 170,060 | 188,751 | 213,352 | 227,617 | 302,599 | 242,821 | 267,442 | |
450/3 |
50,046 | 69,913 | 70,306 | 151,174 | 152,387 | 37,541 | 31,599 | 34,135 | 39,387 | 36,646 | 29,939 | 31,956 | 27,645 | 28,338 | 29,452 | 35,281 | 59,010 | 70,025 | 31,928 | 33,257 | |
454/9 |
220,760 | 213,522 | 191,283 | 180,919 | 235,142 | 189,581 | 171,646 | 207,440 | 205,520 | 186,057 | 176,071 | 171,506 | 150,078 | 141,722 | 159,299 | 178,070 | 168,607 | 232,574 | 210,894 | 234,186 | |
47/48 |
220,000 | 100,000 | 150,000 | 300,000 | 60,000 | 25,000 | 89,000 | 80,158 | 214,841 | 143,960 | 205,011 | 1.5m | 1.4m | 804,689 | 727,371 | 100,086 | - | - | - | 60,000 | |
492/3 |
6,432 | 10,747 | 88,584 | 88,215 | 6,109 | 35,154 | 37,108 | 193,939 | 150,792 | 7,945 | 8,007 | 7,714 | 6,350 | 7,737 | 9,323 | 18,738 | 10,376 | 46,804 | 15,046 | 16,245 | |
| Income statement | |||||||||||||||||||||
70/76A |
11.5m | 11.4m | 11.9m | 13.7m | 11.3m | 8.9m | 10.6m | 9.8m | 10.1m | 8.8m | 8.5m | 8.0m | 8.4m | 7.3m | 8.4m | 8.7m | 8.8m | 11.0m | 8.9m | 8.9m | |
70 |
11.2m | 11.2m | 12.0m | 11.9m | 10.9m | 8.7m | 9.2m | 9.4m | 9.5m | 8.4m | 8.3m | 7.8m | 8.4m | 7.2m | 8.3m | 8.6m | 8.6m | 9.9m | 8.8m | 8.8m | |
71 |
-20,826 | -1,504 | -253,891 | 191,356 | 155,952 | -16,764 | 36,723 | 79,188 | 217,115 | 6,366 | 140,591 | - | - | - | - | - | - | - | - | - | |
74 |
279,686 | 204,748 | 189,044 | 189,169 | 202,166 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
10,000 | 0 | 3,745 | 1.5m | 1,100 | 49,725 | 920,135 | 13,799 | 152,941 | 329,566 | 3.9m | 2.7m | - | - | - | - | - | 353,782 | - | - | |
60/66A |
10.9m | 11.0m | 11.3m | 11.4m | 10.4m | 8.7m | 9.8m | 9.5m | 9.9m | 8.4m | 8.4m | 7.9m | 8.3m | 7.6m | 8.3m | 8.8m | 8.7m | 10.5m | 8.5m | 8.3m | |
60 |
5.3m | 5.4m | 5.6m | 6.2m | 5.3m | 4.2m | 4.5m | 4.5m | 4.8m | 3.9m | 4.3m | 3.8m | 4.4m | 3.7m | 4.4m | 4.3m | 4.5m | 4.8m | 4.2m | 3.9m | |
600/8 |
5.1m | 5.3m | 5.4m | 6.6m | 5.5m | 4.2m | 4.5m | 4.6m | 4.8m | 3.7m | 4.5m | 3.8m | 4.2m | 3.7m | 4.3m | 4.4m | 3.9m | 5.8m | 4.2m | 4.3m | |
609 |
153,283 | 39,955 | 226,084 | -393,844 | -227,859 | -74,970 | -77,863 | -32,923 | 5,797 | 157,460 | -192,267 | 23,470 | 200,102 | 35,802 | 73,047 | -65,412 | 604,853 | -975,624 | -12,724 | -396,137 | |
61 |
2.9m | 3.0m | 3.4m | 3.0m | 2.8m | 2.4m | 2.6m | 2.8m | 3.0m | 2.4m | 2.3m | 2.3m | 2.2m | 2.0m | 2.1m | 2.4m | 2.3m | 3.5m | 2.5m | 2.5m | |
62 |
1.7m | 1.7m | 1.5m | 1.3m | 1.4m | 1.2m | 1.3m | 1.4m | 1.4m | 1.3m | 1.1m | 1.2m | 1.1m | 1.1m | 1.3m | 1.4m | 1.3m | 1.5m | 1.3m | 1.3m | |
630 |
943,632 | 863,917 | 754,459 | 716,830 | 753,056 | 818,369 | 822,013 | 779,445 | 731,432 | 593,379 | 528,493 | 504,196 | 467,680 | 622,470 | 576,483 | 562,075 | 592,105 | 509,513 | 411,879 | 510,083 | |
631/4 |
- | - | 0 | 9,565 | - | - | 25,274 | - | - | - | 1,147 | - | - | 373 | 4,368 | - | - | 177,287 | 19,380 | 334 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -31,298 | 31,298 | - | - | |
640/8 |
78,712 | 70,029 | 109,458 | 80,696 | 58,855 | 54,239 | 104,553 | 56,367 | 64,781 | 78,872 | 80,149 | 73,266 | 91,019 | 61,906 | 68,999 | 59,385 | 58,029 | 54,854 | 45,385 | 45,217 | |
66A |
0 | 82,230 | 0 | 75,000 | - | - | 479,720 | - | - | 181,887 | 3.7m | 3.7m | 3.4m | - | 5,576 | - | 12,500 | - | - | - | |
9901 |
529,654 | 454,580 | 665,062 | 2.3m | 869,423 | 165,017 | 730,378 | 323,940 | 169,824 | 399,996 | 158,008 | 97,966 | 149,727 | -240,522 | 32,821 | -91,638 | 25,271 | 425,792 | 398,681 | 650,520 | |
75/76B |
65,735 | 49,426 | 54,612 | 139,773 | 69,282 | 75,877 | 99,172 | 87,261 | 65,787 | 46,226 | 156,273 | 93,748 | 66,757 | 70,401 | 135,573 | 211,777 | 59,790 | 190,515 | 70,560 | 168,402 | |
75 |
65,735 | 49,426 | 54,612 | 139,773 | 69,282 | 75,877 | 99,172 | 87,261 | 65,787 | 46,226 | 156,273 | 93,748 | 66,757 | 70,401 | 135,573 | 211,777 | 59,790 | 190,515 | 70,560 | 168,402 | |
751 |
2,327 | 3,388 | 2,835 | 980 | 73 | 2,721 | 4,193 | 3,534 | 3,150 | 2,555 | 16,916 | 2,140 | 2,150 | 2,377 | 2,464 | 2,537 | 3,269 | 12,375 | 15,978 | 100,033 | |
752/9 |
63,408 | 46,038 | 51,777 | 138,793 | 69,209 | 73,156 | 94,979 | 83,727 | 62,637 | 43,672 | 139,357 | 91,608 | 64,607 | 68,025 | 133,109 | 209,240 | 56,521 | 178,140 | 54,582 | 68,368 | |
65/66B |
294,355 | 306,354 | 308,312 | 156,840 | 162,739 | 206,073 | 165,626 | 183,271 | 223,296 | 177,845 | 184,170 | 179,174 | 183,140 | 199,906 | 194,745 | 177,313 | 224,957 | 248,733 | 175,849 | 318,487 | |
65 |
294,355 | 306,354 | 308,312 | 156,840 | 162,739 | 206,073 | 164,625 | 183,271 | 223,296 | 177,573 | 184,170 | 179,174 | 183,140 | 199,906 | 194,745 | 177,313 | 224,957 | 248,733 | 175,849 | 318,487 | |
650 |
225,422 | 252,543 | 220,165 | 96,310 | 97,697 | 108,106 | 121,262 | 130,298 | 140,780 | 133,370 | 128,324 | 142,610 | 116,563 | 114,945 | 137,908 | 91,992 | 120,795 | 207,149 | 155,365 | 131,907 | |
651 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 170,174 | |
652/9 |
68,933 | 53,811 | 88,148 | 60,530 | 65,042 | 97,967 | 43,363 | 52,974 | 82,517 | 44,204 | 55,847 | 36,564 | 66,576 | 84,962 | 56,837 | 85,321 | 104,162 | 41,584 | 20,484 | 16,406 | |
66B |
- | - | - | - | - | - | 1,001 | - | - | 272 | - | - | - | - | - | - | - | - | - | - | |
9903 |
301,035 | 197,653 | 411,361 | 2.3m | 775,967 | 34,821 | 663,924 | 227,930 | 12,315 | 268,377 | 374,072 | -999,392 | -3.3m | -370,026 | -31,927 | -57,174 | -152,395 | 721,356 | 293,392 | 500,434 | |
780 |
17,726 | 19,017 | 5,230 | 2,671 | 2,756 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
680 |
- | - | 0 | 368,985 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
71,743 | 53,070 | 61,721 | 159,496 | 210,627 | 15,240 | 34,085 | 952 | 671 | 208 | 209 | -214 | 127 | 434 | 8,243 | - | - | 120,620 | 77,249 | 131,939 | |
670/3 |
71,743 | 55,220 | 85,766 | 170,294 | 210,627 | 21,040 | 34,085 | 952 | 671 | 208 | 209 | - | 127 | 434 | 8,243 | - | - | 120,620 | 77,249 | 131,939 | |
77 |
0 | 2,151 | 24,045 | 10,798 | - | 5,800 | - | - | - | - | - | 214 | - | - | - | - | - | - | - | - | |
9904 |
247,018 | 163,600 | 354,871 | 1.8m | 568,096 | 22,234 | 495,864 | 226,978 | 11,644 | 268,169 | 373,863 | -999,178 | -3.3m | -358,377 | -16,120 | -32,624 | -111,947 | 499,604 | 216,143 | 368,495 | |
789 |
53,178 | 57,050 | 15,691 | 8,015 | 8,269 | 7,959 | 1,500 | - | - | - | - | - | - | 22,465 | 46,706 | 47,676 | 78,552 | 37,131 | - | - | |
689 |
- | - | 0 | 1.1m | - | - | 403,550 | - | - | - | - | - | - | - | - | - | - | 232,531 | - | - | |
9905 |
300,196 | 220,650 | 370,561 | 669,276 | 576,365 | 30,193 | 93,813 | 226,978 | 11,644 | 268,169 | 373,863 | -999,178 | -3.3m | -335,912 | 30,587 | 15,052 | -33,394 | 304,204 | 216,143 | 368,495 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
1.4m | 1.2m | 1.1m | 1.0m | 1.4m | 846,814 | 910,434 | 847,970 | 621,574 | 623,339 | -3.8m | -4.2m | -3.2m | 169,469 | 506,911 | 477,077 | 462,025 | 510,629 | 217,232 | 79,513 | |
14P |
1.1m | 949,888 | 729,327 | 360,051 | 820,305 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | 4.2m | - | - | - | - | - | - | - | - | - | |
791 |
- | - | - | - | - | - | - | - | - | - | 4.2m | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 28,818 | 1,510 | 4,813 | 11,349 | 582 | 13,408 | 18,693 | - | - | - | 1,529 | 753 | - | 15,210 | 10,807 | 18,425 | |
6920 |
- | - | - | 0 | 28,818 | 1,510 | 4,813 | 11,349 | 582 | 13,408 | 18,693 | - | - | - | 1,529 | 753 | - | 15,210 | 10,807 | 18,425 | |
694/7 |
220,000 | 100,000 | 150,000 | 300,000 | 60,000 | 25,000 | 89,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | 60,000 | |
694 |
- | - | - | - | - | 25,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
220,000 | 100,000 | 150,000 | 300,000 | 60,000 | - | 49,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | 60,000 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
31.2 | 30.2 | 29.3 | 27.6 | 32 | 29.4 | 28.2 | 33.8 | 30.1 | 29 | 27.3 | 28.1 | 25.3 | 26.9 | 30.2 | 32.2 | 34 | 38 | 38 | 38.1 | |
Men (FTE)1003 |
16.7 | 16.3 | 15.4 | 14.5 | 18 | 15.2 | 14.6 | 18.5 | 15.7 | 12.5 | 12.2 | 12.6 | 10.8 | 11 | - | - | - | - | - | - | |
Women (FTE)1003 |
14.3 | 13.9 | 13.9 | 13.1 | 14 | 14.2 | 13.6 | 15.3 | 14.4 | 16.5 | 15.1 | 15.5 | 14.5 | 15.9 | - | - | - | - | - | - | |
Agency workers1501 |
0.4 | 1.3 | 4 | 2.5 | 1.5 | 1.2 | 1.1 | 1.2 | 6.3 | 3.9 | 6 | 5 | 4.5 | 0.9 | 2.3 | 2.5 | 1.6 | 5 | 2.6 | 5.2 | |
Hours worked1013 |
43,627 | 42,533 | 40,822 | 40,574 | 45,714 | 38,964 | 41,693 | 48,417 | 43,494 | 42,608 | 41,260 | 40,623 | 38,311 | 40,210 | 47,306 | 51,738 | 52,177 | 59,024 | 58,846 | 58,719 | |
| Document | |||||||||||||||||||||
The accounts for 27 older financial years (1979-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 88 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00505388.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00505388 | |
| 31-12-2024 | full format | 25-07-2025 | 2025-00306513 | |
| 31-12-2023 | full format | 13-08-2024 | 2024-00341510 | |
| 31-12-2022 | full format | 20-07-2023 | 2023-00260807 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20368385 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-64300424 | |
| 31-12-2019 | full format | 02-10-2020 | 2020-59000130 | |
| 31-12-2018 | full format | 19-07-2019 | 2019-35500311 | |
| 31-12-2017 | full format | 27-07-2018 | 2018-39800146 | |
| 31-12-2016 | full format | 24-07-2017 | 2017-35700216 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-48500589 | |
| 31-12-2014 | full format | 14-07-2015 | 2015-30700012 | |
| 31-12-2013 | full format | 01-07-2014 | 2014-25700543 | |
| 31-12-2012 | full format | 11-07-2013 | 2013-30000243 | |
| 31-12-2011 | full format | 19-07-2012 | 2012-32500278 | |
| 31-12-2010 | full format | 16-07-2011 | 2011-30400227 | |
| 31-12-2009 | full format | 06-07-2010 | 2010-26500428 | |
| 31-12-2008 | full format | 06-07-2009 | 2009-35200022 | |
| 31-12-2007 | full format | 27-06-2008 | 2008-29300126 | |
| 31-12-2006 | full format | 04-07-2007 | 2007-33800184 | |
| 31-12-2005 | full format | 26-06-2006 | 2006-30502405 | |
| 31-12-2004 | full format | 24-06-2005 | 2005-31601087 | |
| 31-12-2003 | full format | 01-07-2004 | 2004-38004005 | |
| 31-12-2002 | full format | 01-08-2003 | 2003-59302144 | |
| 31-12-2001 | full format | 25-10-2002 | 2002-68204353 | |
| 31-12-2000 | full format | 29-08-2001 | 2001-52704707 | |
| 31-12-1999 | full format | 29-05-2000 | 2000-16003785 | |
| 31-12-1998 | full format | 19-08-1999 | 1999-41704967 | |
| 31-12-1997 | full format | 29-06-1998 | 1998-25004708 | |
| 31-12-1996 | full format | 02-06-1997 | 1997-11004905 | |
| 31-12-1995 | abbreviated format | 31-05-1996 | 1996-11401677 | |
| 31-12-1994 | abbreviated format | 06-06-1995 | 1995-12003846 | |
| 31-12-1993 | abbreviated format | 27-05-1994 | 1994-09903625 | |
| 31-12-1992 | abbreviated format | 27-05-1993 | 1993-08705342 | |
| 31-12-1991 | abbreviated format | 21-05-1992 | 1992-06601956 | |
| 31-12-1990 | abbreviated format | 06-05-1991 | 1991-04903987 | |
| 31-12-1989 | abbreviated format | 07-05-1990 | 1990-04002604 | |
| 31-12-1988 | abbreviated format | 02-05-1989 | 1989-03402282 | |
| 31-12-1987 | abbreviated format | 28-04-1988 | 1988-03004494 | |
| 31-12-1986 | abbreviated format | 04-05-1987 | 1987-05400872 | |
| 31-12-1985 | abbreviated format | 05-05-1986 | 1986-06201018 | |
| 31-12-1984 | full format | 13-05-1985 | 1985-04201071 | |
| 31-12-1983 | unclassified schema | 26-04-1984 | 1984-02100740 | |
| 31-12-1982 | unclassified schema | 28-04-1983 | 1983-02002476 | |
| 31-12-1981 | unclassified schema | 29-04-1982 | 1982-02002143 | |
| 31-12-1980 | unclassified schema | 30-04-1981 | 1981-01902319 | |
| 31-12-1979 | unclassified schema | 02-05-1980 | 1980-02100392 |
Subsidies and aid
Flemish government 2022 to 2025, 10 entries, €35,728 awarded, €35,479 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €3,679 | €8,440 |
| 2024 | 3 | €6,445 | €15,681 |
| 2023 | 2 | €7,303 | €5,165 |
| 2022 | 3 | €18,301 | €6,193 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.5m | 1.3m | 1.4m | 3.0m | 1.6m | 983,386 | 1.6m | 1.1m | 901,256 | 993,375 | 686,501 | 602,162 | 617,407 | 381,948 | 609,304 | 470,437 | 617,376 | 935,305 | 810,560 | 1.2m | ||
| 1.2m | 1.0m | 1.1m | 2.5m | 1.3m | 840,603 | 1.3m | 1.0m | 743,076 | 861,547 | 902,356 | -494,982 | -2.9m | 264,093 | 560,363 | 529,451 | 480,158 | 1.0m | 628,022 | 878,578 | ||
| 388,937 | 1.1m | 3.3m | 718,597 | 414,333 | 471,686 | 721,548 | 651,199 | 1.1m | 1.1m | 937,024 | 489,003 | 259,738 | 2.2m | 567,619 | 941,561 | 401,621 | 1.9m | 115,836 | 284,491 | ||
| -65,328 | -170,219 | -66,050 | 127,113 | -107,133 | 20,891 | 28,697 | -42,475 | 186,198 | -32,597 | -2,437 | -60,867 | 128,101 | -103,766 | 48,572 | -148,176 | 110,005 | -1,126 | 64,056 | - | ||
| 1.0m | 949,995 | 1.4m | 1.2m | -389,484 | -988,830 | -1.2m | -1.2m | -1.4m | -1.4m | -966,563 | 119,460 | 1.1m | 1.2m | 3.3m | 3.4m | 3.2m | 3.3m | 2.5m | 2.3m | ||
| 4.7% | 4.0% | 5.5% | 19.4% | 8.0% | 1.9% | 7.9% | 3.4% | 1.8% | 4.8% | 1.9% | 1.3% | 1.8% | -3.3% | 0.4% | -1.1% | 0.3% | 4.3% | 4.5% | 7.4% | ||
| 43.1% | 41.6% | 39.7% | 42.7% | 45.9% | 43.9% | 42.4% | 37.5% | 36.2% | 39.0% | 34.9% | 33.4% | 38.9% | 29.2% | 27.7% | 30.4% | 32.4% | 31.5% | 36.0% | 31.3% | ||
| 1.29 | 1.27 | 1.37 | 1.24 | 0.93 | 0.80 | 0.77 | 0.79 | 0.75 | 0.72 | 0.83 | 1.04 | 1.35 | 1.48 | 2.54 | 3.72 | 3.16 | 2.87 | 2.75 | 2.46 | ||
| 0.62 | 0.54 | 0.69 | 0.62 | 0.45 | 0.36 | 0.37 | 0.43 | 0.42 | 0.38 | 0.51 | 0.55 | 0.72 | 0.63 | 1.66 | 2.17 | 1.88 | 1.46 | 1.58 | 1.40 | ||
| 1.25 | 1.33 | 1.44 | 1.25 | 1.16 | 1.25 | 1.34 | 1.67 | 1.76 | 1.56 | 1.85 | 1.99 | 1.57 | 2.42 | 2.61 | 2.27 | 2.07 | 2.13 | 1.78 | 2.19 | ||
| 4.5% | 3.0% | 6.5% | 34.1% | 9.7% | 0.4% | 9.3% | 4.6% | 0.2% | 5.7% | 8.4% | -24.6% | -66.0% | -11.8% | -0.6% | -1.3% | -4.4% | 18.8% | 10.0% | 19.0% | ||
| 1.9% | 1.2% | 2.6% | 14.6% | 4.5% | 0.2% | 3.9% | 1.7% | 0.1% | 2.2% | 2.9% | -8.2% | -25.7% | -3.4% | -0.2% | -0.4% | -1.4% | 5.9% | 3.6% | 5.9% | ||
| 6.54 | 5.22 | 6.45 | 31.44 | 16.61 | 9.10 | 12.80 | 8.47 | 6.40 | 7.45 | 5.35 | 4.22 | 5.30 | 3.32 | 4.42 | 5.11 | 5.11 | 4.52 | 5.22 | 8.80 | ||
| 70 days | 57 days | 69 days | 82 days | 68 days | 57 days | 59 days | 68 days | 62 days | 65 days | 69 days | 73 days | 85 days | 71 days | 68 days | 53 days | 62 days | 61 days | 55 days | 46 days | ||
| 47 days | 51 days | 51 days | 51 days | 52 days | 31 days | 39 days | 52 days | 47 days | 73 days | 100 days | 91 days | 84 days | 93 days | 66 days | 47 days | 63 days | 61 days | 61 days | 66 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Revenue breakdown
By geographic market 2020
- EU €3,156,47536.4%
- Non-EU €3,064,70835.3%
- BE €2,451,13128.3%
Total €8,672,313
Source: 2020 accounts, page 23, filing 2021-64300424
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 33 | 32 | 33 | 28 | 35 |
| full-time | 25 | 25 | 24 | 24 | 31 |
| part-time | 8 | 7 | 9 | 4 | 4 |
| in full-time equivalents | 31.2 | 30.5 | 30.8 | 27.2 | 34.2 |
| 31 | 30.2 | 29.3 | 27.6 | 32 | |
| On a permanent contract | 32 | 31 | 30 | 25 | 30 |
| Joined | 2 | 2 | 5 | 3 | 5 |
| Left | 0 | 3 | 0 | 8 | 0 |
| Agency workers, average number | 0.4 | 1.3 | 4 | 2.5 | 1.5 |
| Training hours | 72 | 1,008 | 1,300 | 1,080 | 1,001 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €3.8m | €4.3m | €4.6m | €2.5m | - |
| €1.9m | €1.9m | €1.9m | - | - | |
| €880,000 | €880,000 | €880,000 | €880,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €284,623 | €1.0m | €3.2m | €658,718 | €292,952 |
| Intangible fixed assets | €104,314 | €99,721 | €110,715 | €59,879 | €121,381 |
| €943,632 | €863,917 | €754,459 | €716,830 | €753,056 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | €5,457 | €5,054 | €4,600 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on MOERMAN
The operating result for 2025 is 17% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 55.3% to 53.8%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Net result -80% on 2022. The 2022 profit included a one-off income of €1,476,791.
- 2022 Net result +211% on 2021. The 2022 profit included a one-off income of €1,476,791.