Skip to content

MOERMAN

Active Public limited companyfounded 1978active for 47 yearsSchutterijstraat 25, 8760 TieltKBO/BCE: BE 0418.959.232 subsidiary of MECREA#2 company by total assets in West Flanders, Other manufacturing sector
MOERMAN
Follow ReportCompare

Overview

Lifetime

20 annual accounts with figures on one time axis, 47 filings since 1979
peak €12.0m (2023)
€11.2m▼ 0.5%
lowest -€3.3m (2013)
€247,018▲ 51.0%
peak €5.8m (2021)
€5.5m▲ 0.5%
€6.9m▼ 5.8%
peak 38.1 FTE (2006)
31.2 FTE▲ 3.3%
Board4 names since 2018
3 directorsAGRIMAT and 2 others
Owners4 names in the annual accounts
consolidatesMECREA
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €163,600 to €247,018Cash from €98,260 to €32,932

Key points

from the 2025 annual accounts

Equity

€5.5m ▲ 0.5%

MOERMAN has made a profit without a break since 2015.

Result

€247,018 ▲ 51.0%
€164,0002024€247,0002025

The result rose in 2025 from €163,600 to €247,018.

Filings

47 annual accounts since 1979
AprilJune31 JulyOctober1980199520102025

Five of the last ten came late. The 2019 accounts came latest: 63 days after the end of the period.

Checked score

83
Excellent
Financially stronger than 49% of small companies in other manufacturing (NACE 32)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 112 companies (NACE 32, small).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▼ -0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.4%▼ -0.3 percentage points vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Strong

68+1equity 43.1% of total assets
39-1short-term debt 28.0% · cash 0.3%
72+7return on assets 1.9%

Score breakdown

raises risk
Liquidity: current ratio 1.29, cash €32,932, halved
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1978
Legal form: public limited company
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, small). It does better than 51% of them on solvency, 41% on liquidity, 61% on profitability and 42% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as MOERMAN has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MOERMAN itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for MOERMAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €450,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.29 (1.27 in 2024), below the usual 1.5. Short-term debt is 28% and cash 0.3% of total assets. 56.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 1.29, cash €32,932, halved
NBB · annual accounts
lowers risk · Founded in 1978
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Legal form: public limited company
KBO
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
6 days early
2023
13 days late
2022
11 days early
2021
31 days late
2020
31 days late
2019
63 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

A
AGRIMAT
Managing director, DEPAEPE Lieselore
M
MECREA
Managing director, VANDE VYVERE Guy
BS
BRAUN Serge
Director, since 28-12-2022
AB
AUDITAS BEDRIJFSREVISOREN BV
Auditor, Wim Bossuyt
  • MECREA 60.02%score 53equity -€458,822 (2025) · 2025 annual accounts of MECREA
  • AGRIMAT 39.98%equity €3.6m (2025) · 2025 annual accounts of AGRIMAT

Shares in 1 company, MOERMAN UK Ltd

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0418959232
1 director resigning, 3 reappointments Capital from €3,087,391.96 to €4,035,192.12 · Capital from €4,035,192.12 to €1,000,000 · Changes of role: MECREA (managing director) and AGRIMAT (managing director) · General meeting of 28-12-2022 · Gazette deed
Environmental permit granted Bouwen of herbouwen · Provincie West-Vlaanderen
Environmental permit refused Bouwen of herbouwen · Provincie West-Vlaanderen
All 62 events

Comparable companies

same main activity, similar in size and age
Company
MOERMAN Tielt €11.2m 4.7% 43.1% 31.2
P.D.C. BRUSH Roeselare €12.8m 1.5% 18.8% 39.6
DUX INTERNATIONAL Izegem - - 26.1% 18.4
KOTI-NABO Hamont-Achel - - 37.0% 23.5
Etablissements Sintobin frères Ledegem €11.4m 13.8% 90.2% 9.9
Orkla House Care Benelux Wommelgem €24.0m 14.3% 8.9% 13.6
Decof Izegem - - 41.7% 10.1
-10%0%10%20%€5,000€50,000€500,000€5m€50m€500mMOERMANEBIT margin

Grey: the largest companies of the sector (other manufacturing (NACE 32)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as MOERMAN: other manufacturing (NACE 32910). They are comparable in size and age: total assets between €1.9m and €12m, founded between 1939 and 2005.

Official details

Source: KBO
Status
Active since 14-12-1978Normal situation
Activity
Other manufacturingNACE 32910and 2 others
Joint committee
209White-collar workers in metal manufacturing · annual accounts 2025
Establishment unit
2.015.633.8688760 Tielt, since 01-01-1979
Financial year end
31 December
Peppol
Reachable since 23-01-2026
Company details

Annual accounts 2025

€11.2m▼ 0.5%
€247,018▲ 51.0%
€5.5m▲ 0.5%
€12.8m▼ 3.1%
Employeeson 31-12-2025
33▲ 3.1%
Filing
Filed on 31-08-2026
Financials

Insights on MOERMAN

MOERMAN has existed since 1978. Turnover grew from €8.8m in 2006 to €11.2m in 2025.

MECREA holds 60.02% of the shares. In January 2023, the Official Gazette published the appointment of AGRIMAT as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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
In the rankings #2 company by total assets in West Flanders, Other manufacturing sector#3 company by equity in West Flanders, Other manufacturing sector#6 employer in West Flanders, Other manufacturing sector

Money flows

of every €100 of turnover, €2.21 remains as profit in 2025

Balance sheet

balance sheet total €12.8m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with 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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 12.8m13.3m13.7m12.1m12.7m12.1m12.6m13.1m13.0m12.1m12.7m12.1m13.0m10.4m9.0m8.3m7.9m8.5m6.0m6.2m
21/28 8.2m8.8m8.5m5.9m7.9m8.2m8.6m8.8m8.9m8.6m8.1m8.7m8.7m6.6m3.6m3.6m3.2m3.4m2.0m2.3m
21 257,973250,451252,839297,024423,931486,446550,389545,781237,663162,131171,419185,678141,254177,305324,287447,584585,494698,86861,10080,800
22/27 7.9m8.5m8.2m5.6m7.5m7.7m8.0m8.2m8.7m8.4m7.9m7.4m7.5m2.3m2.6m2.5m2.0m2.0m1.9m2.2m
22 6.3m6.4m6.3m3.7m5.8m5.9m6.1m6.1m6.0m6.0m6.1m6.2m6.4m1.1m1.2m1.3m1.3m1.4m1.5m1.6m
23 1.5m1.9m1.7m1.8m1.6m1.7m1.9m2.0m2.2m2.3m1.1m1.2m1.1m1.2m1.4m1.2m596,240568,723357,422532,593
24 149,108211,586207,47995,22290,95477,95275,08374,36871,09135,71940,36447,0167,3935,89521,61038,35727,02340,76151,23667,079
27 --------310,580-548,280---------
28 3,4563,1944,1754,7193,2652,9782,6293,6715,5915,45813,9581.1m1.0m4.1m641,988640,877632,865633,4433,6333,601
280/1 --022221,0031,0031,0031,0031.1m1.0m4.1m630,000630,000630,000630,000--
280 --011111,0011,0011,0011,0011,0011,0022.7m630,000630,000630,000630,000--
281 --0111122221.1m1.0m1.4m------
284/8 3,4563,1944,1754,7173,2632,9762,6272,6684,5884,45512,95519,1377,71012,30311,98810,8772,8653,4433,6333,601
285/8 3,4563,1944,1754,7173,2632,9762,6272,6684,5884,45512,95519,1377,71012,30311,98810,8772,8653,4433,6333,601
29/58 4.6m4.5m5.2m6.2m4.8m3.9m4.0m4.3m4.1m3.5m4.7m3.4m4.3m3.8m5.5m4.7m4.7m5.1m4.0m3.9m
3 2.4m2.6m2.6m3.1m2.5m2.1m2.1m1.9m1.8m1.6m1.8m1.6m2.0m2.2m1.9m2.0m1.9m2.5m1.7m1.7m
30/36 2.4m2.6m2.6m3.1m2.5m2.1m2.1m1.9m1.8m1.6m1.8m1.6m2.0m2.2m1.9m2.0m1.9m2.5m1.7m1.7m
30/31 1.1m1.1m1.2m1.3m990,856799,666774,599727,710729,069724,185845,3471.6m1.6m1.8m1.9m2.0m1.9m2.5m1.7m1.7m
32 359,658372,631432,301560,527369,780281,864263,447250,794254,210196,504243,766---------
33 577,488585,341527,174652,839652,230584,195619,375595,305512,701353,291299,663---------
34 361,518521,018467,522610,920487,756451,087401,184370,209335,927346,609382,907---------
36 ------------373,289326,893------
40/41 2.2m1.8m2.4m2.8m2.1m1.5m1.6m2.1m2.0m1.8m2.7m1.6m2.1m1.5m3.4m2.6m2.5m2.4m2.1m1.9m
40 2.1m1.7m2.3m2.7m2.0m1.4m1.5m1.8m1.6m1.5m1.6m1.6m1.9m1.4m1.5m1.2m1.5m1.7m1.3m1.1m
41 63,35179,65588,426112,57679,558101,328169,558364,150337,862270,0331.2m82,108111,423100,8051.8m1.3m1.0m744,131774,358802,327
54/58 32,93298,260268,479334,529207,416314,549293,658264,961307,436121,238153,835156,272217,14089,038192,804144,232292,408182,403183,529119,473
490/1 3,5129523,30532--2,31918,61912,897-2,3753,93912,6839,6748,85611,971-2,11131,369157,731
Balance sheet: equity and liabilities
10/49 12.8m13.3m13.7m12.1m12.7m12.1m12.6m13.1m13.0m12.1m12.7m12.1m13.0m10.4m9.0m8.3m7.9m8.5m6.0m6.2m
10/15 5.5m5.5m5.4m5.2m5.8m5.3m5.3m4.9m4.7m4.7m4.4m4.1m5.1m3.0m2.5m2.5m2.5m2.7m2.2m1.9m
10/11 1.0m1.0m1.0m1.0m3.1m3.1m3.1m3.1m3.1m3.1m3.1m1.9m1.9m1.9m1.0m992,318992,318992,318992,318992,318
10 1.0m1.0m1.0m1.0m3.1m---------------
100 1.0m1.0m1.0m1.0m3.1m3.1m3.1m3.1m3.1m3.1m3.1m1.9m1.9m1.9m1.0m992,318992,318992,318992,318992,318
12 626,774626,774626,774626,774-------5.4m5.4m-------
13 2.8m2.8m2.9m2.8m1.4m1.4m1.4m1.0m1.0m1.0m989,813971,120971,120971,120993,5851.0m1.1m1.2m961,310950,503
130/1 165,104165,104165,104165,104165,104136,286--------------
130 165,104165,104165,104165,104165,104136,286134,776129,963118,614118,032104,62385,93085,93085,93085,93084,40183,64883,64868,43857,631
132 1.2m1.2m1.3m1.5m385,823394,091402,050-------22,46569,171116,848195,400--
133 1.4m1.4m1.4m1.2m885,190885,190885,190885,190885,190885,190885,190885,190885,190885,190885,190892,872892,872892,872892,872892,872
14 1.2m1.1m949,888729,3271.3m820,305816,621816,621620,992609,930355,170-4.2m-3.2m169,469505,381476,324462,025495,419206,4251,089
16 396,317414,043433,061494,880128,566131,322133,976---75,000---12,08336,13360,683132,429--
160/5 ----------75,000------31,298--
162 ----------75,000------11,298--
164/5 -----------------20,000--
168 396,317414,043433,061494,880128,566131,322133,976-------12,08336,13360,683101,131--
17/49 6.9m7.3m7.9m6.5m6.8m6.7m7.1m8.2m8.3m7.3m8.2m8.1m7.9m7.4m6.5m5.7m5.3m5.7m3.8m4.3m
17 3.3m3.8m3.9m1.4m1.5m1.7m1.9m2.5m2.7m2.5m2.6m4.8m4.7m4.8m4.4m4.4m3.8m3.9m2.4m2.7m
170/4 3.3m3.8m3.9m1.4m1.5m1.7m1.9m2.5m2.7m2.5m2.6m4.8m4.7m4.8m4.4m4.4m3.8m3.9m2.4m2.7m
170 1.0m1.0m1.0m1.0m1.4m1.4m1.4m1.8m1.8m-----------
172 -------------------8,741
173 2.3m2.8m2.9m360,000133,846349,231456,923672,308887,692653,077768,4624.8m4.7m4.8m4.4m4.4m3.8m3.9m2.4m2.7m
174 ---------1.8m1.8m---------
42/48 3.6m3.5m3.8m5.0m5.2m4.9m5.2m5.5m5.5m4.9m5.6m3.3m3.2m2.6m2.2m1.3m1.5m1.8m1.5m1.6m
42 480,952480,952514,405153,846215,385215,385215,385215,385215,385115,385115,385115,38555,385115,38580,00080,00080,00080,00088,98189,309
43 1.6m1.5m1.7m2.9m3.4m3.9m3.9m3.9m3.8m3.2m3.3m--9,164------
430/8 1.6m1.5m1.7m2.9m3.4m3.9m3.9m3.9m3.8m3.2m3.3m--9,164------
44 1.1m1.2m1.2m1.3m1.2m557,997768,0961.0m989,2401.3m1.8m1.5m1.5m1.5m1.2m869,1671.2m1.4m1.1m1.2m
440/4 1.1m1.2m1.2m1.3m1.2m557,997768,0961.0m989,2401.3m1.8m1.5m1.5m1.5m1.2m869,1671.2m1.4m1.1m1.2m
45 270,806283,434261,589332,094387,530227,122203,245241,575244,907222,703206,010203,462177,722170,060188,751213,352227,617302,599242,821267,442
450/3 50,04669,91370,306151,174152,38737,54131,59934,13539,38736,64629,93931,95627,64528,33829,45235,28159,01070,02531,92833,257
454/9 220,760213,522191,283180,919235,142189,581171,646207,440205,520186,057176,071171,506150,078141,722159,299178,070168,607232,574210,894234,186
47/48 220,000100,000150,000300,00060,00025,00089,00080,158214,841143,960205,0111.5m1.4m804,689727,371100,086---60,000
492/3 6,43210,74788,58488,2156,10935,15437,108193,939150,7927,9458,0077,7146,3507,7379,32318,73810,37646,80415,04616,245
Income statement
70/76A 11.5m11.4m11.9m13.7m11.3m8.9m10.6m9.8m10.1m8.8m8.5m8.0m8.4m7.3m8.4m8.7m8.8m11.0m8.9m8.9m
70 11.2m11.2m12.0m11.9m10.9m8.7m9.2m9.4m9.5m8.4m8.3m7.8m8.4m7.2m8.3m8.6m8.6m9.9m8.8m8.8m
71 -20,826-1,504-253,891191,356155,952-16,76436,72379,188217,1156,366140,591---------
74 279,686204,748189,044189,169202,166---------------
76A 10,00003,7451.5m1,10049,725920,13513,799152,941329,5663.9m2.7m-----353,782--
60/66A 10.9m11.0m11.3m11.4m10.4m8.7m9.8m9.5m9.9m8.4m8.4m7.9m8.3m7.6m8.3m8.8m8.7m10.5m8.5m8.3m
60 5.3m5.4m5.6m6.2m5.3m4.2m4.5m4.5m4.8m3.9m4.3m3.8m4.4m3.7m4.4m4.3m4.5m4.8m4.2m3.9m
600/8 5.1m5.3m5.4m6.6m5.5m4.2m4.5m4.6m4.8m3.7m4.5m3.8m4.2m3.7m4.3m4.4m3.9m5.8m4.2m4.3m
609 153,28339,955226,084-393,844-227,859-74,970-77,863-32,9235,797157,460-192,26723,470200,10235,80273,047-65,412604,853-975,624-12,724-396,137
61 2.9m3.0m3.4m3.0m2.8m2.4m2.6m2.8m3.0m2.4m2.3m2.3m2.2m2.0m2.1m2.4m2.3m3.5m2.5m2.5m
62 1.7m1.7m1.5m1.3m1.4m1.2m1.3m1.4m1.4m1.3m1.1m1.2m1.1m1.1m1.3m1.4m1.3m1.5m1.3m1.3m
630 943,632863,917754,459716,830753,056818,369822,013779,445731,432593,379528,493504,196467,680622,470576,483562,075592,105509,513411,879510,083
631/4 --09,565--25,274---1,147--3734,368--177,28719,380334
635/8 -----------------31,29831,298--
640/8 78,71270,029109,45880,69658,85554,239104,55356,36764,78178,87280,14973,26691,01961,90668,99959,38558,02954,85445,38545,217
66A 082,230075,000--479,720--181,8873.7m3.7m3.4m-5,576-12,500---
9901 529,654454,580665,0622.3m869,423165,017730,378323,940169,824399,996158,00897,966149,727-240,52232,821-91,63825,271425,792398,681650,520
75/76B 65,73549,42654,612139,77369,28275,87799,17287,26165,78746,226156,27393,74866,75770,401135,573211,77759,790190,51570,560168,402
75 65,73549,42654,612139,77369,28275,87799,17287,26165,78746,226156,27393,74866,75770,401135,573211,77759,790190,51570,560168,402
751 2,3273,3882,835980732,7214,1933,5343,1502,55516,9162,1402,1502,3772,4642,5373,26912,37515,978100,033
752/9 63,40846,03851,777138,79369,20973,15694,97983,72762,63743,672139,35791,60864,60768,025133,109209,24056,521178,14054,58268,368
65/66B 294,355306,354308,312156,840162,739206,073165,626183,271223,296177,845184,170179,174183,140199,906194,745177,313224,957248,733175,849318,487
65 294,355306,354308,312156,840162,739206,073164,625183,271223,296177,573184,170179,174183,140199,906194,745177,313224,957248,733175,849318,487
650 225,422252,543220,16596,31097,697108,106121,262130,298140,780133,370128,324142,610116,563114,945137,90891,992120,795207,149155,365131,907
651 -------------------170,174
652/9 68,93353,81188,14860,53065,04297,96743,36352,97482,51744,20455,84736,56466,57684,96256,83785,321104,16241,58420,48416,406
66B ------1,001--272----------
9903 301,035197,653411,3612.3m775,96734,821663,924227,93012,315268,377374,072-999,392-3.3m-370,026-31,927-57,174-152,395721,356293,392500,434
780 17,72619,0175,2302,6712,756---------------
680 --0368,985----------------
67/77 71,74353,07061,721159,496210,62715,24034,085952671208209-2141274348,243--120,62077,249131,939
670/3 71,74355,22085,766170,294210,62721,04034,085952671208209-1274348,243--120,62077,249131,939
77 02,15124,04510,798-5,800-----214--------
9904 247,018163,600354,8711.8m568,09622,234495,864226,97811,644268,169373,863-999,178-3.3m-358,377-16,120-32,624-111,947499,604216,143368,495
789 53,17857,05015,6918,0158,2697,9591,500------22,46546,70647,67678,55237,131--
689 --01.1m--403,550----------232,531--
9905 300,196220,650370,561669,276576,36530,19393,813226,97811,644268,169373,863-999,178-3.3m-335,91230,58715,052-33,394304,204216,143368,495
Appropriation of the result
9906 1.4m1.2m1.1m1.0m1.4m846,814910,434847,970621,574623,339-3.8m-4.2m-3.2m169,469506,911477,077462,025510,629217,23279,513
14P 1.1m949,888729,327360,051820,305---------------
791/2 ----------4.2m---------
791 ----------4.2m---------
691/2 ---028,8181,5104,81311,34958213,40818,693---1,529753-15,21010,80718,425
6920 ---028,8181,5104,81311,34958213,40818,693---1,529753-15,21010,80718,425
694/7 220,000100,000150,000300,00060,00025,00089,00020,000-----------60,000
694 -----25,00040,000-------------
695 220,000100,000150,000300,00060,000-49,00020,000-----------60,000
Social balance sheet
9087 31.230.229.327.63229.428.233.830.12927.328.125.326.930.232.234383838.1
Men (FTE)1003 16.716.315.414.51815.214.618.515.712.512.212.610.811------
Women (FTE)1003 14.313.913.913.11414.213.615.314.416.515.115.514.515.9------
Agency workers1501 0.41.342.51.51.21.11.26.33.9654.50.92.32.51.652.65.2
Hours worked1013 43,62742,53340,82240,57445,71438,96441,69348,41743,49442,60841,26040,62338,31140,21047,30651,73852,17759,02458,84658,719
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 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 PDF
31-12-2024 full format 25-07-2025 2025-00306513 PDF
31-12-2023 full format 13-08-2024 2024-00341510 PDF
31-12-2022 full format 20-07-2023 2023-00260807 PDF
31-12-2021 full format 31-08-2022 2022-20368385 PDF
31-12-2020 full format 31-08-2021 2021-64300424 PDF
31-12-2019 full format 02-10-2020 2020-59000130 PDF
31-12-2018 full format 19-07-2019 2019-35500311 PDF
31-12-2017 full format 27-07-2018 2018-39800146 PDF
31-12-2016 full format 24-07-2017 2017-35700216 PDF
31-12-2015 full format 26-08-2016 2016-48500589 PDF
31-12-2014 full format 14-07-2015 2015-30700012 PDF
31-12-2013 full format 01-07-2014 2014-25700543 PDF
31-12-2012 full format 11-07-2013 2013-30000243 PDF
31-12-2011 full format 19-07-2012 2012-32500278 PDF
31-12-2010 full format 16-07-2011 2011-30400227 PDF
31-12-2009 full format 06-07-2010 2010-26500428 PDF
31-12-2008 full format 06-07-2009 2009-35200022 PDF
31-12-2007 full format 27-06-2008 2008-29300126 PDF
31-12-2006 full format 04-07-2007 2007-33800184 PDF
31-12-2005 full format 26-06-2006 2006-30502405 PDF
31-12-2004 full format 24-06-2005 2005-31601087 PDF
31-12-2003 full format 01-07-2004 2004-38004005 PDF
31-12-2002 full format 01-08-2003 2003-59302144 PDF
31-12-2001 full format 25-10-2002 2002-68204353 PDF
31-12-2000 full format 29-08-2001 2001-52704707 PDF
31-12-1999 full format 29-05-2000 2000-16003785 PDF
31-12-1998 full format 19-08-1999 1999-41704967 PDF
31-12-1997 full format 29-06-1998 1998-25004708 PDF
31-12-1996 full format 02-06-1997 1997-11004905 PDF
31-12-1995 abbreviated format 31-05-1996 1996-11401677 PDF
31-12-1994 abbreviated format 06-06-1995 1995-12003846 PDF
31-12-1993 abbreviated format 27-05-1994 1994-09903625 PDF
31-12-1992 abbreviated format 27-05-1993 1993-08705342 PDF
31-12-1991 abbreviated format 21-05-1992 1992-06601956 PDF
31-12-1990 abbreviated format 06-05-1991 1991-04903987 PDF
31-12-1989 abbreviated format 07-05-1990 1990-04002604 PDF
31-12-1988 abbreviated format 02-05-1989 1989-03402282 PDF
31-12-1987 abbreviated format 28-04-1988 1988-03004494 PDF
31-12-1986 abbreviated format 04-05-1987 1987-05400872 PDF
31-12-1985 abbreviated format 05-05-1986 1986-06201018 PDF
31-12-1984 full format 13-05-1985 1985-04201071 PDF
31-12-1983 unclassified schema 26-04-1984 1984-02100740 PDF
31-12-1982 unclassified schema 28-04-1983 1983-02002476 PDF
31-12-1981 unclassified schema 29-04-1982 1982-02002143 PDF
31-12-1980 unclassified schema 30-04-1981 1981-01902319 PDF
31-12-1979 unclassified schema 02-05-1980 1980-02100392 PDF

Subsidies and aid

Flemish government 2022 to 2025, 10 entries, €35,728 awarded, €35,479 paid

Subsidies voor internationaal ondernemen
€15,490
Call groene stroom (discontinued)
€11,896
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€8,342
Year Entries AwardedPaid
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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
1.5m1.3m1.4m3.0m1.6m983,3861.6m1.1m901,256993,375686,501602,162617,407381,948609,304470,437617,376935,305810,5601.2m
1.2m1.0m1.1m2.5m1.3m840,6031.3m1.0m743,076861,547902,356-494,982-2.9m264,093560,363529,451480,1581.0m628,022878,578
388,9371.1m3.3m718,597414,333471,686721,548651,1991.1m1.1m937,024489,003259,7382.2m567,619941,561401,6211.9m115,836284,491
-65,328-170,219-66,050127,113-107,13320,89128,697-42,475186,198-32,597-2,437-60,867128,101-103,76648,572-148,176110,005-1,12664,056-
1.0m949,9951.4m1.2m-389,484-988,830-1.2m-1.2m-1.4m-1.4m-966,563119,4601.1m1.2m3.3m3.4m3.2m3.3m2.5m2.3m
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%
1.291.271.371.240.930.800.770.790.750.720.831.041.351.482.543.723.162.872.752.46
0.620.540.690.620.450.360.370.430.420.380.510.550.720.631.662.171.881.461.581.40
1.251.331.441.251.161.251.341.671.761.561.851.991.572.422.612.272.072.131.782.19
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%
6.545.226.4531.4416.619.1012.808.476.407.455.354.225.303.324.425.115.114.525.228.80
70 days57 days69 days82 days68 days57 days59 days68 days62 days65 days69 days73 days85 days71 days68 days53 days62 days61 days55 days46 days
47 days51 days51 days51 days52 days31 days39 days52 days47 days73 days100 days91 days84 days93 days66 days47 days63 days61 days61 days66 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

as filed

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

All years (2019 to 2020)
By geographic market20192020
EU€2,654,039€3,156,475
Non-EU€4,419,764€3,064,708
BE€2,122,152€2,451,131
Total€9,195,956€8,672,313

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date3332332835
full-time2525242431
part-time87944
in full-time equivalents31.230.530.827.234.2
3130.229.327.632
On a permanent contract3231302530
Joined22535
Left03080
Agency workers, average number0.41.342.51.5
Training hours721,0081,3001,0801,001

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
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
Item20252024202320222021
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
Item20252024202320222021
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.

Board & ownership

Board

3 directors, 2 in day-to-day management, 1 auditor, last change in 2023
AGRIMAT NV
Director (not named in the articles) and managing director, permanent representative DEPAEPE Lieselore
director (not named in the articles) since 28-12-2022 managing director appointed by deed of 09-01-2023 term until 27-06-2028
earlier director, until 09-01-2023
also on the board of 8 other companies
listed in the 2025 annual accounts, filed on 31-08-2026
BRAUN Serge
Director (not named in the articles)
since 28-12-2022 term until 27-06-2028
earlier director, until 09-01-2023
listed in the 2025 annual accounts, filed on 31-08-2026
MECREA BV
Director (not named in the articles) and managing director, permanent representative VANDE VYVERE Guy
director (not named in the articles) since 28-12-2022 managing director appointed by deed of 09-01-2023 term until 27-06-2028
earlier director, until 09-01-2023
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 31-08-2026
AUDITAS BEDRIJFSREVISOREN BV
Statutory auditor, permanent representative Wim Bossuyt
appointed by deed of 13-12-2018
AGRIMAT, MECREA
Permanent representatives 2
DEPAEPE Lieselore
Permanent representative, for AGRIMAT
in office according to the deed of 17-11-2020
VANDE VYVERE Guy
Permanent representative, for MECREA
in office according to the deed of 17-11-2020

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
AGRIMAT
Director (not named in the articles), Managing director
BRAUN Serge
Director (not named in the articles)
MECREA
Director (not named in the articles), Managing director
AUDITAS BEDRIJFSREVISOREN BV
Statutory auditor
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • AGRIMAT
    • Director, from before 08-09-2020 to 09-01-2023
    • Director (not named in the articles), since before 09-01-2023
    • Managing director, appointed by deed of 09-01-2023, still in office
  • BRAUN Serge
    • Director, from before 08-09-2020 to 09-01-2023
    • Director (not named in the articles), since before 09-01-2023
  • MECREA
    • Director, from before 08-09-2020 to 09-01-2023
    • Director (not named in the articles), since before 09-01-2023
    • Managing director, appointed by deed of 09-01-2023, still in office
  • AUDITAS BEDRIJFSREVISOREN BV
    • Statutory auditor, appointed by deed of 13-12-2018, still in office

See the board, name and registered office on a given date →

Control

Parent
MECREA
Equity -€458,822
Profit €34,717 in 2025 (loss €126,011 in 2024)
Checked score 53
60.02%
This company
MOERMAN
Equity €5.5m
Profit €247,018 in 2025

and 1 other shareholder

Capital

Capital
€1,000,000
Shares
3,244
Contribution per share
€308
Equity per share
€1,707 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
MECREA
60%60.02%
consolidates
AGRIMAT
39.98%
39.98% until 2024
MABEMO
40%
40% until 2014
Vybros Real Estate
60%
60% until 2011
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 09-01-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Tuesday of June at 15:00

Shareholders

2 owners

Owners 2

Capital transactions

Capital over time
  1. 09-01-2023 Capital increase of €947,800.16 · to €4,035,192.12 · no new shares · “inbreng van overgedragen winsten”
  2. 09-01-2023 Capital reduction of €3,035,192.12 · to €1,000,000 · “onttrekking gedeelte herwaarderingsmeerwaarde uit kapitaal”

Network & group

Holdings

own 2022 accounts
This companyMOERMAN1 holding, 1 country 2022 accounts

Europe 1 Equity Result

  • GB MOERMAN UK Ltd GBP 21,847 result -GBP 1,646

Source: list of holdings in its own 2022 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2021, in their own currency.

Parent

MECREA
0842.068.381 · 60.02% of the shares · equity -€458,822 · profit €34,717 (2025)
Checked score 53

At the same address

Schutterijstraat 25, 8760 Tielt · 1 other company
VISION FUSED PRODUCTS
registered office since 20-12-1999 · founded in 1999
 2 FTE (2025)
0468.503.466

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • MOERMAN UK LtdGBsubsidiary
    Equity GBP 21,847Result -GBP 1,646
    Sourceown accounts 2022
    100%
Holdings through the years 2012 to 2022
Holdings through the years
Name20122013201420152016201720182019202020212022
MOERMAN UK LtdGB 100%
Moerman Asia Ltd NVHK 100%
Ardia (Jiaxing) Household Products LtdCN 100%

Source: list of holdings in its own accounts

Connections & network

15 connected companies
Depth
AQ IMMO, Shared corporate director AIAQ IMMOCLIMATE DESIGNERS FOR NET ZERO, Shared corporate director CDCLIMATEDESIGNERS FOR…DEMOTRA, Shared corporate director DDEMOTRAHABLOVA, Shared corporate director HHABLOVAIMMO BRUSH, Shared corporate director IBIMMO BRUSHLOUISE 475, Shared corporate director L4LOUISE 475MAVLYVA, Shared corporate director MMAVLYVAP.D.C. BRUSH, Shared corporate director PBP.D.C. BRUSHVCP GP, Shared corporate director VGVCP GPVISION FUSED PRODUCTS, Shared corporate director VFVISION FUSEDPRODUCTSVybros, Shared corporate director VVybrosVybros Real Estate, Shared corporate director VRVybros RealEstateVYMBROMO, Shared corporate director VVYMBROMOVYREGA, Shared corporate director VVYREGAMOERMAN MOERMAN0418.959.232
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
P.D.C. BRUSH
via MECREA and AGRIMAT · Director · deed of 21-12-2023
Founded in 2005 · 40 FTE (2024) · group AGRIMAT · accounts filed late
→
VCP GP
via AGRIMAT · Director · deed of 20-10-2023
Founded in 2023 · total assets €811,145 (2025) · negative equity
→
IMMO BRUSH
via MECREA and AGRIMAT · Director · deed of 18-03-2022
Founded in 2010 · total assets €463,819 (2025) · negative equity · group AGRIMAT
→
Vybros
via MECREA · Director · deed of 18-08-2022
Founded in 2017 · total assets €112.3m (2025)
→
Show 11 more companies with a shared director
Vybros Real Estate
via AGRIMAT · Director · deed of 10-01-2024
Founded in 1968 · total assets €48.9m (2025) · group Vybros
→
CLIMATE DESIGNERS FOR NET ZERO
via AGRIMAT · Class A director · deed of 11-09-2026
Founded in 2025 · total assets €10.6m (2025) · group Vybros Capital Partners
→
LOUISE 475
via MECREA · Director · deed of 16-11-2018
Founded in 2005 · total assets €7.9m (2025) · group Vybros
→
HABLOVA
via AGRIMAT · Director (not named in the articles) · deed of 17-02-2022
Founded in 2022 · total assets €5.3m (2025)
→
VYMBROMO
via MECREA · Director (not named in the articles) · deed of 14-08-2019
Founded in 2019 · total assets €3.4m (2025)
→
MAVLYVA
via AGRIMAT · Director (not named in the articles) · deed of 08-07-2024
Founded in 2024 · total assets €2.5m (2025)
→
VYREGA
via AGRIMAT · Director · deed of 20-05-2020
Founded in 2020 · total assets €1.7m (2025) · group Vybros
→
AQ IMMO
via AGRIMAT · Managing director · deed of 24-10-2023
Founded in 2023 · total assets €835,001 (2025) · group AGRIMAT
→
VISION FUSED PRODUCTS
via MECREA and AGRIMAT · Director · deed of 27-07-2026
Founded in 1999 · 2 FTE (2025)
→
WARO
via MECREA · Manager · deed of 29-11-2018
Founded in 1995 · total assets €64,624 (2025)
→
DEMOTRA
via AGRIMAT · Managing director · deed of 15-03-2022
No longer active · founded in 1986 · total assets €1.1m (2025)
→

Timeline

Timeline

62 events since 1978

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 31 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0418959232
2025
Annual accounts 2024 filed PDFfull format · 6 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 13 days late
2023
Annual accounts 2022 filed PDFfull format · 11 days before the deadline
1 director resigning, 3 reappointmentsCapital from €3,087,391.96 to €4,035,192.12 · Capital from €4,035,192.12 to €1,000,000 · Changes of role: MECREA (managing director) and AGRIMAT (managing director) · General meeting of 28-12-202219 points ▸
  • General meeting, 28-12-2022
  • Capital increase, €947,800.16
  • Amendment of the articles, article 5, mentioned twice in the deed
  • Capital, €4,035,192.12, 3,244 shares
  • Capital decrease, €3,035,192.12
  • Purpose change, “omschrijving verder in uittreksel” (deed in Dutch)
  • Capital, €1,000,000
  • Power of attorney, Hélène DUSSELIER
  • Director resignation, BRAUN Serge
  • Director resignation, MECREA
  • Director resignation, AGRIMAT
  • Director reappointment, BRAUN Serge (director (not named in the articles))
  • Director reappointment, MECREA (director (not named in the articles))
  • Director reappointment, AGRIMAT (director (not named in the articles))
  • Permanent representative, VANDE VYVERE Guy
  • Permanent representative, DEPAEPE Lieselore
  • Registered office clause, Schutterijstraat 25, 8760 Meulebeke
  • Director appointment, MECREA (managing director)
  • Director appointment, AGRIMAT (managing director)
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

2022
Highest result from 2006 to 2025 net €1.8m ▲211% The operating result of €2.3m and the net result of €1.8m are both a record.
Environmental permit granted OmgevingsloketBouwen of herbouwen · Provincie West-Vlaanderen
Annual accounts 2021 filed PDFfull format · 31 days late
Environmental permit refused OmgevingsloketBouwen of herbouwen · Provincie West-Vlaanderen
Reappointment: BV Auditas Bedrijfsrevisoren (statutory auditor)General meeting of 30-06-20212 points ▸
  • General meeting, 30-06-2021
  • Auditor reappointment, BV Auditas Bedrijfsrevisoren (statutory auditor)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFfull format · 31 days late
2020
3 directors reappointedSerge Braun, BV Mecrea and NV Agrimat · Permanent representatives: Guy Vande Vyvere and Lieselore Depaepе · General meeting of 08-09-20206 points ▸
  • General meeting, 08-09-2020
  • Director reappointment, Serge Braun
  • Director reappointment, BV Mecrea
  • Permanent representative, Guy Vande Vyvere
  • Director reappointment, NV Agrimat
  • Permanent representative, Lieselore Depaepе
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 63 days late
2019
Environmental permit granted OmgevingsloketNieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Provincie West-Vlaanderen
Annual accounts 2018 filed PDFfull format · 12 days before the deadline
2018
Reappointment: Auditas Bedrijfsrevisoren (statutory auditor)Permanent representative: Wim Bossuyt · General meeting of 24-04-20183 points ▸
  • General meeting, 24-04-2018
  • Auditor reappointment, Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Wim Bossuyt

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFfull format · 4 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 7 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 26 days late
2015
Back to profit net €373,863 The net result is €373,863, after 6 loss-making years.
Annual accounts 2014 filed PDFfull format · 17 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 30 days before the deadline
2013
Weakest financial year net -€3.3m The net result drops to -€3.3m, the lowest from 2006 to 2025. It recovers the following year.
Equity above €5m equity €5.1m ▲66.3% Equity rises from €3.0m to €5.1m.
Annual accounts 2012 filed PDFfull format · 20 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 12 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 15 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 25 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 25 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 34 days before the deadline
2007
Equity above €2m equity €2.2m ▲11.1% With a profit in every financial year since 2006, equity grows to €2.2m.
Annual accounts 2006 filed PDFfull format · 27 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1985
Annual accounts 1984 filed PDFfull format
1984
Annual accounts 1983 filed PDFunclassified schema
1983
Annual accounts 1982 filed PDFunclassified schema
1982
Annual accounts 1981 filed PDFunclassified schema
1981
Annual accounts 1980 filed PDFunclassified schema
1980
Annual accounts 1979 filed PDFunclassified schema
1979
First establishment MOERMAN NV, Schutterijstraat 25, Tielt
1978
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MOERMAN was incorporated on 14 December 1978.1 In 2023 the capital was increased by €947,800 to €4.0m.2 Turnover grew from €9.4m in 2018 to €11.2m in 2025 and headcount from 33.8 to 31.2 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 09-01-2023
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0418.959.232
VAT number
BE 0418.959.232
Peppol ID
0208:0418959232
Other Peppol ID
9925:BE0418959232
LEI code
549300OGB536YMYMH428 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
14-12-1978
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Tuesday of June at 15:00
deed of 09-01-2023 (in Dutch)
Peppol
Reachable since 23-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MOERMAN in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-01-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 09-01-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
32910 Other manufacturing main activity
68121 Development of residential building projects
Social security (RSZ) activities
32990 Other manufacturing not elsewhere classified main activity
Joint committees annual accounts 2025
JC 209 White-collar workers in metal manufacturing
Codes under NACEBEL 2008
VAT activities
32910 Other manufacturing main activity
41101 Real estate development
Social security (RSZ) activities
32990 Other manufacturing not elsewhere classified main activity
Codes under NACEBEL 2003
VAT activities
36620 main activity
Social security (RSZ) activities
36630 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
MOERMAN NV registered office Schutterijstraat 25, 8760 Tielt 16281 Manufacture of other wood products 01-01-1979 2.015.633.868

Buildings and parcels at the address

Ground area
1.8 ha
Buildings
350 m²
Volume, LiDAR
2,534 m³
Tallest building
7.8 m
Buildings to scale, each on its own parcel
350 m², 7.8 m 350 m², 7.8 m

Environmental permits

3 applications in Flanders since 2019 · 2 granted · 1 refused
22-09-2022 Granted Bouwen of herbouwen submitted 20-04-2022 · project 2022044662 Provincie West-Vlaanderen
27-01-2022 Refused Bouwen of herbouwen submitted 17-08-2021 · project 2021120005 Provincie West-Vlaanderen
05-12-2019 Granted Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 20-08-2019 · project 2019088915 Provincie West-Vlaanderen

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
37322B0622/00T0001.8 ha 1 · 350 m² 7.8 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0418.959.232

We would like to set cookies. That happens only with your consent. What we measure