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Moerman

Active Public limited companyfounded 1992active for 34 yearsPopulierenhof 82, 9890 GavereKBO/BCE: BE 0447.079.037 #9 oldest company in Gavere, Construction sector
Moerman
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Overview

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €702,310 (2008)
€286,069▲ 3.7%
lowest -€38,210 (2022)
-€1,910▼ €1,930
peak €644,422 (2013)
€215,694▼ 0.9%
€254,212▼ 22.0%
peak 7.2 FTE (2016)
3 FTEunchanged
Board3 names since 2021
3 directorsMOERMAN RONNY and 2 others
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Loss of €1,910Debts from €325,985 to €254,212

Key points

from the 2025 annual accounts

Equity

€215,694 from €644,422 in 2013

Equity fell by 67% in 12 years.

Staff

3 FTE from 7.2 in 2016

Between 2016 and 2025, 58% of the full-time equivalents disappeared.

Filings

34 annual accounts since 1992
AprilJune31 JulyOctober200020102020

Four of the last ten came late. The 2016 accounts came latest: 30 days after the end of the period.

Checked score

93
Excellent
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

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

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

Financial strength
Strong

64+4equity 38.9% of total assets
84+10short-term debt 30.8% · cash 37.9%
46+3return on assets -0.3%

Score breakdown

raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.51, cash €210,069
Founded in 1992
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 43, micro). It does better than 42% of them on solvency, 82% on liquidity, 22% on profitability and 33% 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, 12,322 companies had the same profile as Moerman has now. Each dot stands for 31 companies, two years later.

90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Moerman itself: 0.1% 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 12,322 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 €20,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.51 (2.04 in 2024), above the usual 1.5. Short-term debt is 30.8% and cash 37.9% of total assets. However, 61.1% 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 riskneutral
lowers risk · Liquidity: current ratio 2.51, cash €210,069
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
45 days early
2023
27 days early
2022
21 days late
2021
25 days early
2020
23 days early
2019
21 days early
← 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 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 5 July (4 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
10-11-2026 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

MR
MOERMAN RONNY
Managing director
SB
SYLTHIRON BV
Managing director, MOERMAN RONNY
VE
VANAELST ELSIE
Director, since 23-12-2021
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0447079037
2 directors appointed, 3 reappointments Reappointments: MOERMAN RONNY, VANAELST ELSIE and SYLTHIRON BV · Permanent representative: MOERMAN RONNY · Appointments: MOERMAN RONNY (managing director) and SYLTHIRON BV (managing director) · General meeting of 14-08-2024 · Gazette deed
Capital decrease of €360,000 to €62,000 Capital from €422,000 to €62,000 · General meeting of 13-07-2021 · Gazette deed
First establishment Populierenhof 82, Gavere
All 43 events

Comparable companies

same main activity, similar in size and age
Company
Moerman Gavere €554,752 €286,069 38.9% 3
ROSEN Charles Waimes €644,319 €247,007 79.5% 4.1
CLAIRE TONDELEIR Antwerp €465,933 €332,866 65.4% 4.6
VANLERBERGHE Menen €705,719 €271,644 34.0% 2
VLOERBEKLEDING SLOSSE Torhout €785,024 €258,607 60.2% 2
STANDAERT Gavere €740,281 €457,553 74.9% 3.5
DURMILINE Oudenaarde €679,057 €364,909 60.5% 2.7

These companies have the same main activity as Moerman: floor and wall tiling (NACE 43331). They are comparable in size and age: total assets between €466,000 and €785,000, founded between 1991 and 2002.

Official details

Source: KBO
Status
Active since 27-03-1992Normal situation
Activity
Floor and wall tilingNACE 43331
Establishment unit
2.057.666.9389890 Gavere, since 26-05-1992
Financial year end
31 December
Peppol
Reachable since 30-01-2025
Company details

Annual accounts 2025

€286,069▲ 3.7%
≈ €830,000estimated
€1,910
€215,694▼ 0.9%
€554,752▼ 11.7%
Employeeson 31-12-2025
3=
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Insights on Moerman

Moerman has existed since 1992. The gross margin fell from €375,452 in 2006 to €286,069 in 2025 and staff from 5 to 3 full-time equivalents.

In September 2024, the Official Gazette published the appointment of MOERMAN RONNY as managing director.

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

Financials

Annual accounts 2025

full format, filed on 03-07-2026, 28 days before the deadline
€286,069
▲ 3.7%
€22,574
▼ 8.7%
-€1,910
▼ €1,930
€258,390
▲ 9.0%
38.9%
▲ 4.2 percentage points
2.51
▲ 0.48

The turnover shown is an estimate from the gross margin.

Turnover ≈ €830,000. Estimated: probably between €620,000 and €1.1m.

In the rankings #9 oldest company in Gavere, Construction sector

Balance sheet

balance sheet total €554,752 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

38.9%

Higher than 45% of 2,463 companies in 2025.

2.51

Higher than 72% of 2,436 companies in 2025.

-0.3%

Higher than 21% of 2,454 companies in 2025.

Moerman Middle half of the sector 80% of the sector Full accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter

Staff

€72,494

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 554,752628,206610,406434,219521,215822,101892,855958,766857,178857,499951,4151.0m1.1m850,1601.1m1.0m998,0721.0m620,673539,911
21/28 125,764162,462167,38341,48768,73994,125123,262142,48131,26165,538106,56274,84597,58834,16763,72486,973107,837135,96346,51134,596
21 ----------------18,00024,000--
22/27 123,844160,541165,46339,56766,81992,205121,342140,56129,34163,618104,64272,97595,71827,19762,40485,65388,517110,64245,19133,276
22 7,65511,67215,69019,71523,90128,93126,399-------------
23 8,0446,0192,6004,6836,2824,1053,4681,5597113,3607,5768,8524,4212,2783,8904,4576,4038,9287,2155,374
24 108,145142,850147,17415,16836,63659,16991,474139,00128,63060,25895,75461,17086,37724,78958,22280,71072,90487,36017,62324,262
26 ----------1,3122,9524,920130292486-5391,9323,640
28 1,9201,9201,9201,9201,9201,9201,9201,9201,9201,9201,9201,8701,8706,9701,3201,3201,3201,3201,3201,320
29/58 428,988465,745443,023392,732452,476727,976769,593816,285825,917791,961844,853934,7281.0m815,9931.1m925,693890,235875,257574,162505,315
29 ----------------20,00020,000--
291 ----------------20,00020,000--
3 44,91460,10636,475106,22496,43185,28876,92049,20326,00050,00014,600---------
37 44,91460,10636,475106,22496,43185,28876,92049,20326,00050,00014,600---------
40/41 43,09371,80170,42062,75676,433106,481120,751136,907169,918153,407193,447203,686349,443143,967192,358173,916171,095178,811113,655171,548
40 21,90856,15746,48253,76567,73695,685110,430125,033154,700146,688145,861121,311142,51582,78897,634168,205128,010123,88171,373141,557
41 21,18515,64423,9388,9918,69710,79610,32011,87515,2186,71947,58682,375206,92861,17994,7245,71043,08454,92942,28229,991
50/53 125,000125,000125,000125,000125,000125,000125,000125,000135,000145,000145,000145,000145,000563,000553,000125,000125,000125,000303,210126,947
54/58 210,069203,234209,95994,816152,961391,314405,521505,175494,699443,554491,806586,042515,083109,026308,802626,010573,372551,446155,923204,434
490/1 5,9125,6031,1693,9361,65119,89341,400-299------768768-1,3742,387
Balance sheet: equity and liabilities
10/49 554,752628,206610,406434,219521,215822,101892,855958,766857,178857,499951,4151.0m1.1m850,1601.1m1.0m998,0721.0m620,673539,911
10/15 215,694217,604217,584161,508199,718561,724562,732568,986566,120562,105560,099560,095644,422558,651495,809420,463624,352617,499458,823365,356
10/11 62,00062,00062,00062,00062,000422,000422,000422,000422,000422,000422,000422,000422,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,000422,000422,000422,000422,000422,000422,000422,000422,00062,00062,00062,00062,00062,00062,00062,000
13 155,604155,604155,584137,718137,718127,950137,950137,950137,950137,950137,950137,950221,950495,950432,950357,950549,950549,950396,450302,450
130/1 42,20042,20042,20042,20042,20042,200--------------
130 42,20042,20042,20042,20042,20042,20042,20042,20042,20042,20042,20042,20042,2006,2006,2006,2006,2006,2006,2006,200
132 ----08,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75093,75093,75018,75056,250
133 113,404113,404113,38495,51895,51877,00077,00077,00077,00077,00077,00077,000161,000471,000408,000333,000450,000450,000371,500240,000
14 -1,910-0-38,210011,7742,7829,0366,1702,15514914547270185951312,4025,549373906
16 84,84684,61784,33884,01083,63783,22282,76882,27781,75281,19680,611---------
160/5 84,84684,61784,33884,01083,63783,22282,76882,27781,75281,19680,611---------
160 84,84684,61784,33884,01083,63783,22282,76882,27781,75281,196----------
17/49 254,212325,985308,485188,701237,860177,155247,355307,502209,306214,198310,705449,478462,692291,508622,075592,204373,720393,720161,850174,555
17 66,47496,931100,534019,25348,35877,033113,80624,57548,80883,95652,30582,62634,61364,94179,41664,20192,80041,02850,705
170/4 66,47496,931100,534019,25348,35877,033113,80624,57548,80883,95652,30582,62634,61364,94179,41664,20192,80041,02850,705
42/48 170,598228,677207,151188,701203,717128,797170,322193,696184,731165,390226,749397,057380,066256,896557,116512,788309,519300,920120,822123,850
42 30,54129,28422,53919,25329,10528,67536,77343,88724,31135,14738,72930,32186,16930,329121,42438,19528,59932,34025,47520,842
43 --------------1,986-----
439 --------------1,986-----
44 50,22689,00959,88241,11645,48043,21062,33564,98842,20125,03261,69768,94675,20249,19548,79363,18171,50154,6256,74031,087
440/4 50,22689,00959,88241,11645,48043,21062,33564,98842,20125,03261,69768,94675,20249,19548,79363,18171,50154,6256,74031,087
45 15,08831,02331,60730,99922,65515,69021,38822,76226,43219,57823,07317,11657,68116,72448,59723,40415,00510,74218,38032,023
450/3 3,65319,95020,62511,90612,4895,6085,4667,50113,7978,8209,7216,20646,2727,71318,22315,82514,6183,5633,2488,255
454/9 11,43511,07410,98219,09310,16610,08215,92215,26112,63510,75813,35110,91011,4099,01130,3747,5803877,17915,13223,768
47/48 74,74279,36193,12297,333106,47841,22349,82662,05991,78685,632103,250280,674161,013160,649336,316388,007194,414203,21370,22739,899
492/3 17,141377800014,890------116--18-----
Income statement
76A 041343,58703,0003,000-19,500826-4,5581,00022,6225,03525012,330-5,200-1,262
9900 286,069275,808338,177211,263238,368322,226351,075352,162356,659396,872372,146370,644533,208473,077571,904405,721542,316702,310401,838375,452
62 217,481216,349208,160192,363184,904268,430286,232274,342298,905331,431302,061272,291306,040328,518370,564270,342251,508273,597200,877222,093
630 44,07342,59313,49936,83139,12239,82153,86352,90534,27741,02444,35141,30848,41237,80747,95551,94851,58954,21141,31429,092
631/4 0-10,00010,000-----------13,099-----
640/8 1,9412,1362,3192,7842,1572,6612,5133,5623,0063,2483,2823,4394,3567,7903,6884,8174,71010,0966,6304,432
66A -00----3,361--75-236532-12,3271,8371,169-2,236
9901 22,57424,729104,199-20,71512,18511,3138,46717,99220,47121,16922,45353,606174,40098,962136,59778,614234,509364,407153,017119,835
75/76B 362328282881,6373,0341,0017,4462,6153,4395,05413,30417,55519,29810,6852,68610,74313,1903,8592,880
75 362328282881,6373,0341,0017,4462,6153,4395,05413,30417,55519,29810,6852,68610,74313,1903,8592,880
65/66B 20,22623,49630,95417,57412,90414,18815,72321,27413,87319,77121,95320,79533,40531,28330,93219,88117,4099,62716,11913,269
65 20,22623,49616,30015,59112,90414,18815,72321,27413,87319,77121,95320,79533,40531,28330,93219,88117,4099,62716,11913,269
66B -014,6541,983----------------
9903 2,7101,56273,528-38,201918159-6,2554,1649,2134,83710,03747,115180,93691,480116,60061,422226,006372,000140,758108,472
67/77 4,6201,54217,45292,9241,167-1,2975,1982,83210,03212,44255,16528,63841,25324,31179,153120,77343,29131,668
9904 -1,9102056,076-38,210-2,006-1,008-6,2552,8674,0152,005534,673125,77162,84275,34637,111146,853251,22797,46776,803
789 ---08,75010,000--------------
689 -----------------75,000--
9905 -1,9102056,076-38,2106,7448,992-6,2552,8674,0152,005534,673125,77162,84275,34637,111146,853176,22797,46776,803
Appropriation of the result
9906 -1,9102017,866-38,21018,51811,7742,7829,0366,1702,15514935,374126,47263,70175,85949,513152,402177,04998,37376,803
14P -0-38,210011,774---------------
791/2 -019,161---------400,000--192,000----
691/2 02037,027018,518------35,229126,00063,00075,000--71,50094,00071,897
6920 -----------29,22936,000-------
6921 02037,027018,518------6,00090,00063,00075,000--71,50094,00071,897
694/7 ------------400,000--241,000140,000100,0004,0004,000
694 ------------400,000--192,000140,000100,0004,0004,000
695 ---------------49,000----
Social balance sheet
9087 33333.14.755.15.87.26.15.56.26.66.76.55.5645
Hours worked1013 5,0965,2565,1285,1765,1208,0328,6488,9369,92011,29610,1609,45610,42011,37211,5529,6688,85610,2646,9368,072
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The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 13 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 03-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 03-07-2026 2026-00247188 PDF
31-12-2024 abbreviated format 16-06-2025 2025-00143462 PDF
31-12-2023 abbreviated format 04-07-2024 2024-00211512 PDF
31-12-2022 abbreviated format 21-08-2023 2023-00336819 PDF
31-12-2021 abbreviated format 06-07-2022 2022-20160091 PDF
31-12-2020 abbreviated format 08-07-2021 2021-33700545 PDF
31-12-2019 abbreviated format 10-07-2020 2020-28900174 PDF
31-12-2018 abbreviated format 12-08-2019 2019-45800050 PDF
31-12-2017 abbreviated format 17-08-2018 2018-46700184 PDF
31-12-2016 abbreviated format 30-08-2017 2017-54100189 PDF
31-12-2015 abbreviated format 31-08-2016 2016-58600201 PDF
31-12-2014 abbreviated format 27-08-2015 2015-51200505 PDF
31-12-2013 abbreviated format 29-08-2014 2014-53300428 PDF
31-12-2012 abbreviated format 11-07-2013 2013-29600206 PDF
31-12-2011 abbreviated format 22-08-2012 2012-44000432 PDF
31-12-2010 abbreviated format 13-07-2011 2011-29200589 PDF
31-12-2009 abbreviated format 25-08-2010 2010-45000051 PDF
31-12-2008 abbreviated format 26-03-2010 2010-08500095 PDF
31-12-2007 abbreviated format 16-06-2008 2008-24500231 PDF
31-12-2006 abbreviated format 18-06-2007 2007-26600282 PDF
31-12-2005 abbreviated format 31-05-2006 2006-18302666 PDF
31-12-2004 abbreviated format 17-06-2005 2005-28204322 PDF
31-12-2003 abbreviated format 02-06-2004 2004-19002584 PDF
31-12-2002 abbreviated format 02-07-2003 2003-38002075 PDF
31-12-2001 abbreviated format 19-09-2002 2002-57203313 PDF
31-12-2000 abbreviated format 11-06-2001 2001-19602247 PDF
31-12-1999 abbreviated format 05-10-2000 2000-62102462 PDF
31-12-1998 abbreviated format 22-07-1999 1999-36200186 PDF
31-12-1997 abbreviated format 30-09-1998 1998-50301414 PDF
31-12-1996 abbreviated format 12-12-1997 1997-56601958 PDF
31-12-1995 abbreviated format 17-07-1996 1996-34803011 PDF
31-12-1994 abbreviated format 15-09-1995 1995-49600281 PDF
31-12-1993 abbreviated format 13-07-1994 1994-29503617 PDF
31-12-1992 abbreviated format 17-08-1993 1993-32005315 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
66,64767,323117,69916,11651,30651,13562,33070,89754,74862,19366,80494,914222,812136,769184,552130,562286,098418,618194,331148,927
42,16342,61469,575-1,37937,11638,81347,60855,77138,29243,03044,35575,981174,183100,649123,30289,059198,442305,438138,781105,896
7,37637,672139,3959,57913,73510,68534,644164,1240076,06818,565116,9338,25024,70670,39523,463143,66353,2299,531
6,835-6,725115,143-58,145-238,353-14,207-99,65410,47651,146-48,252-94,23670,959406,057-199,776-317,20752,63821,926395,523-48,511-
258,390237,068235,873204,031248,759599,179599,271622,589641,186626,571618,104537,671629,460559,097497,045412,906580,716574,337453,340381,465
38.9%34.6%35.6%37.2%38.3%68.3%63.0%59.3%66.0%65.6%58.9%55.5%58.2%65.7%44.4%41.5%62.6%61.1%73.9%67.7%
2.512.042.142.082.225.654.524.214.474.793.732.352.663.181.891.812.882.914.754.08
2.251.771.961.521.754.994.073.964.334.493.662.352.663.181.891.812.882.914.754.08
1.181.501.421.171.190.320.440.540.370.380.550.800.720.521.251.410.600.640.350.48
-0.9%0.0%25.8%-23.7%-1.0%-0.2%-1.1%0.5%0.7%0.4%0.0%6.2%19.5%11.2%15.2%8.8%23.5%40.7%21.2%21.0%
-0.3%0.0%9.2%-8.8%-0.4%-0.1%-0.7%0.3%0.5%0.2%0.0%3.4%11.4%7.4%6.7%3.7%14.7%24.8%15.7%14.2%
3.302.877.221.033.98---------------

EBIT margin: not included in this filing.

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date33333
full-time33333
part-time00000
in full-time equivalents33333
33333.1
On a permanent contract33333

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

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€7,376€37,672€139,395€9,579€13,735
Financial fixed assets€0----
€44,073€42,593€13,499€36,831€39,122

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Moerman

The operating result for 2025 is 9% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 51.9% to 45.8%. Equity and debt are lower.

Large changes and their cause
  • 2021 Equity -64% on 2020. Capital reduction of €360,000 (Official Gazette 15-07-2021).

Board & ownership

Board

3 directors, 2 in day-to-day management, last change in 2021
MOERMAN RONNY
Director and managing director
director since 23-12-2021 managing director appointed by deed of 10-09-2024 6-year term from 2021
listed in the 2025 annual accounts, filed on 03-07-2026
SYLTHIRON BV
Director and managing director, permanent representative MOERMAN RONNY
director since 23-12-2021 managing director appointed by deed of 10-09-2024 6-year term from 2021
listed in the 2025 annual accounts, filed on 03-07-2026
VANAELST ELSIE
Director
since 23-12-2021 6-year term from 2021
listed in the 2025 annual accounts, filed on 03-07-2026
MOERMAN RONNY, SYLTHIRON BV
Permanent representatives 1
MOERMAN RONNY
Permanent representative, for SYLTHIRON BV
in office according to the deed of 10-09-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
MOERMAN RONNY
Director, Managing director
SYLTHIRON BV
Director, Managing director
VANAELST ELSIE
Director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • MOERMAN RONNY
    • Director, since before 23-12-2021
    • Managing director, appointed by deed of 10-09-2024, still in office
  • SYLTHIRON BV
    • Director, since before 23-12-2021
    • Managing director, appointed by deed of 10-09-2024, still in office
  • VANAELST ELSIE
    • Director, since before 23-12-2021

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€62,000
Source
deed of 15-07-2021

Articles of association

deed of 15-07-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
Term of at most 6 years
“Ten minste minimum door wet voorgeschreven, algemene vergadering kan elk mandaat te allen tijde zonder opgave van redenen met onmiddellijke…”
“Raad kiest voorzitter uit midden, raad kan ondervoorzitter benoemen”
“Elke bestuurder aan één collega voor bepaalde raad,in plaats stemmen,schriftelijk of wijze met materieel spoor,lastgever geacht aanwezig…”
“Besluiten weergegeven in notulen, voorzitter vergadering en minstens meerderheid aanwezige leden/de bestuurders die erom verzoeken”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of May at 20:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Besluit algemene vergadering die beraadslaagt zoals inzake statutenwijziging”

Network & group

No group

Moerman has no parent and no holdings in its annual accounts. Moerman shares no director with another company.

At the same address

Populierenhof 82, 9890 Gavere · 1 other company
SYLTHIRON
establishment since 01-01-2005 · founded in 2004
 total assets €231,326 (2025)
0870.829.673

Timeline

Timeline

43 events since 1992

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 28 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 45 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0447079037
2024
2 directors appointed, 3 reappointmentsReappointments: MOERMAN RONNY, VANAELST ELSIE and SYLTHIRON BV · Permanent representative: MOERMAN RONNY · Appointments: MOERMAN RONNY (managing director) and SYLTHIRON BV (managing director) · General meeting of 14-08-20247 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 27 days before the deadline
2023
Back to profit net €56,076 The net result is €56,076, after 4 loss-making years.
Annual accounts 2022 filed PDFabbreviated format · 21 days late
2022
Weakest financial year net -€38,210 The net result drops to -€38,210, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFabbreviated format · 25 days before the deadline
2021
Capital decrease of €360,000 to €62,000Capital from €422,000 to €62,000 · General meeting of 13-07-20215 points ▸
  • General meeting, 13-07-2021
  • Capital decrease, €360,000
  • Capital, €62,000, 1,250 shares, mentioned twice in the deed
  • Amendment of the articles, article 5
  • Registered office clause, Populierenhof 82, 9890 Gavere
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 23 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 21 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 12 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 17 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 30 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 31 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 27 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 29 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 20 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 22 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 18 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 25 days late
Annual accounts 2008 filed PDFabbreviated format · 238 days late
2008
Highest result from 2006 to 2025 net €251,227 ▲158% The operating result of €364,407 and the net result of €251,227 are both a record.
Equity above €500,000 equity €617,499 ▲34.6% With a profit in every financial year since 2006, equity grows to €617,499.
Annual accounts 2007 filed PDFabbreviated format · 45 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 43 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated 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
First establishment Populierenhof 82, Gavere
Incorporation published on 24-04-1992

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 27 March 1992.1 Total assets fell from €958,766 in 2018 to €554,752 in 2025 and headcount from 5.1 to 3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0447.079.037
VAT number
BE 0447.079.037
Peppol ID
0208:0447079037
Other Peppol ID
9925:BE0447079037
Legal form
Public limited company
Status
Active, normal situation
Founded
27-03-1992
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of May at 20:00
deed of 15-07-2021 (in Dutch)
Peppol
Reachable since 30-01-2025Follow 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 15-07-2021 (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 15-07-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
43331 Floor and wall tiling main activity
Social security (RSZ) activities
43331 Floor and wall tiling main activity
Codes under NACEBEL 2008
VAT activities
43331 Floor and wall tiling main activity
Social security (RSZ) activities
43331 Floor and wall tiling main activity
Codes under NACEBEL 2003
VAT activities
45431 main activity
Social security (RSZ) activities
45431 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het plaatsen van vloeren, faiences, tegels, ongeacht de vorm, de materie en het volume, wat impliceert dat herstellingen en onderhoudswerken…”
5 activities
  1. Het plaatsen van vloeren, faiences, tegels, ongeacht de vorm, de materie en het volume, wat impliceert dat herstellingen en onderhoudswerken van vloeren en vloerwerken (bijvoorbeeld het polieren ervan), impliciet tot het voorwerp der vennootschap behoort, net zoals tevens het manipuleren ervan tot het voorwerp behoort.
  2. De aan- en verkoop van basisstoffen voor de voormelde activiteit alsook van die producten welke eraan complementair zijn.
  3. Het uitvoeren in regie dan wel voor eigen rekening, met eigen personeel dan wel middels het gebruik van onderaannemers, van welkomschreven opdrachten en uitvoeringen ervan.
  4. Het optreden als tussenpersoon in handel
  5. Alle daden welke eenvoudig nuttig zijn, nuttig zouden kunnen zijn, dan wel nuttig kunnen worden om het voorwerp der vennootschap eenvoudiger te realiseren, voor zover de gestelde daden niet strijdig zijn met de wettelijke beschikkingen.
deed of 15-07-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Populierenhof 82 registered office 9890 Gavere 26-05-1992 2.057.666.938

Buildings and parcels at the address

Ground area
675 m²
Buildings
180 m²
Volume, LiDAR
1,120 m³
Tallest building
9.5 m
Buildings to scale, each on its own parcel
180 m², 9.5 m 180 m², 9.5 m

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
44003A0358/00W002675 m² 1 · 180 m² 9.5 m · 2

Recognitions

Recognised contractor

1 category
Moerman NVapproval number 42582
  • D10 Tilingclass 1, up to €162,000
decision 13-03-2023

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 0447.079.037

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