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Moerman

Active Private limited companyfounded 2009active for 17 yearsBurgemeester Van Ackerwijk B 69, 9240 ZeleKBO/BCE: BE 0817.617.255
Moerman
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Overview

Lifetime

16 annual accounts with figures on one time axis
peak €34,663 (2025)
€34,663▲ 103%
lowest -€10,098 (2015)
€22,347▲ 134%
peak €53,132 (2025)
€53,132▲ 52.7%
€14,126▼ 55.8%
Board1 name since 2009
1 director
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €17,063 to €34,663Result from €9,545 to €22,347Equity from €34,786 to €53,132Debts from €31,956 to €14,126Cash from €21,134 to €41,357

Key points

from the 2025 annual accounts

Equity

€53,132 ▲ 52.7%

Moerman has made a profit without a break since 2023.

Turnover

≈ €210,000 estimated

The micro format states no turnover.

Investments

€6,100 1.8 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 49.2% higher than in 2024.

Liquidity

3.95 was 1.80 in 2024

Short-term debts fell from €31,956 to €14,126.

Filings

16 annual accounts since 2010
AprilJune31 JulyOctober2010201520202025

Seven of the last ten came late. The 2020 accounts came latest: 122 days after the end of the period.

Position in the sector

79.0%

Higher solvency than 84% of companies in specialised construction. Sector median 46.7% · 35,156 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as Moerman has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,448 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 34,693 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 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

Board and ownership

Director, since 06-08-2009
  • all the sharesdeed of 13-11-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0817617255
Registered office moved within Zele New registered office: Burgemeester Van Ackerwijk B 69, 9240 Zele · Previous registered office: Durmen 147, 9240 Zele · Resignation: (statutory director) · Gazette deed
First establishment Burgemeester Van Ackerwijk B 69, Zele
Incorporation published on 10-08-2009 · Gazette deed
All 26 events

Comparable companies

same main activity, similar in size and age
Company
Moerman Zele €67,259 €34,663 79.0% -
Stevens Moors Decoratie Laakdal €62,624 €41,200 56.2% -
VDV-DECORLINE Ninove €83,414 €36,069 80.0% -
Bart Seminck Aalst €90,606 €31,052 60.6% -
ESSENTCOLOR Ghent €66,471 €33,914 76.9% -
DB-Decoteam Lede €97,500 €33,751 34.9% -
PAINT-IT Aalst €77,159 €21,445 71.5% -

These companies have the same main activity as Moerman: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €62,600 and €97,500, founded between 2007 and 2014.

Official details

Source: KBO
Status
Active since 06-08-2009Normal situation
Activity
Painting of buildingsNACE 43341and 1 other
Establishment unit
2.181.129.0339240 Zele, since 01-10-2009
Financial year end
31 December
Peppol
Reachable since 16-10-2025
Company details

Annual accounts 2025

€34,663▲ 103%
€22,347▲ 134%
€53,132▲ 52.7%
€67,259▲ 0.8%
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on Moerman

Moerman files the micro format. That format states no turnover. The gross margin rose from €13,305 in 2010 to €34,663 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 31-07-2026, on the day of the deadline
€34,663
▲ 103%
€29,757
▲ 115%
€22,347
▲ 134%
€41,626
▲ 62.0%
79.0%
▲ 26.9 percentage points
3.95
▲ 2.14

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €210,000. Estimated: probably between €140,000 and €350,000.

Balance sheet

balance sheet total €67,259 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

79.0%

Higher than 84% of 35,156 companies in 2025.

3.95

Higher than 79% of 34,529 companies in 2025.

33.2%

Higher than 89% of 34,730 companies in 2025.

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

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010
Balance sheet: assets
20/58 67,25966,74137,93841,94331,42837,11185,97161,62127,53535,56931,96432,20817,59631,24332,77144,574
21/28 11,5079,0905,3066,73314,08016,65529,04139,39618,42026,8096,5217,71312,72518,90626,55234,004
22/27 11,5079,0905,3066,73314,08016,65529,04139,39618,42026,8096,5217,71312,72518,90626,55234,004
23 7,3294,9135,3066,7337,6923,8794,4372,9642,0984,1133,8293,2622,2383,0524,3394,340
24 4,1774,176006,38812,77524,60436,43216,32222,6962,6924,45110,48715,85413,10817,247
29/58 55,75257,65232,63235,21017,34820,45656,93022,2259,1158,75925,44224,4944,87012,3376,21910,570
3 -7,774--------------
30/36 -2,273--------------
37 -5,501--------------
40/41 13,77428,14315,69215,7726,6019,79718,95913,1985,0568,75911,24521,6161,5132,2051,0281,933
40 2219,3496,61712,5933,1886,8058,9594,2634,0604,2709,31817,6331,5131,815190790
41 13,7538,7949,0753,1793,4132,99110,0008,9359964,4891,9273,983-3908381,143
54/58 41,35721,13416,56419,16910,4168,84836,3548,5634,059-10,1752,8783,35710,1325,1918,637
490/1 6216013752693311,8121,617465--4,022-----
Balance sheet: equity and liabilities
10/49 67,25966,74137,93841,94331,42837,11185,97161,62127,53535,56931,96432,20817,59631,24332,77144,574
10/15 53,13234,78625,24015,90816,20910,9238,7778,423-296-2,8814,6163,1643,4424,2692,7027,377
10/11 18,55018,55018,55018,55018,55018,55018,55018,55018,55018,55018,5507,0007,0007,0007,0007,000
10 ---18,55018,550-----------
100 ---18,55018,55018,55018,55018,55018,55018,55018,55018,55018,55018,55018,55018,550
101 -----------11,55011,55011,55011,55011,550
13 32,37714,377377377377377377377377377377377377376377377
130/1 --0377377377----------
130 ---377377377377377377377377377377376377377
1311 --0-------------
133 32,37714,377377-------------
14 2,2051,8596,313-3,019-2,718-8,004-10,150-10,504-19,223-21,808-14,311-4,213-3,935-3,107-4,675-
17/49 14,12631,95612,69826,03515,22026,18877,19453,19827,83138,45027,34829,04414,15326,97430,06937,197
17 ----3,5649,58120,46931,60215,57820,302---8639,49818,548
170/4 ----3,5649,58120,46931,60215,57820,302---8639,49818,548
42/48 14,12631,95612,69826,03511,65516,60756,72521,59612,25418,14827,34829,04414,15326,11120,57118,649
42 --03,5646,01710,88811,13310,9235,1505,481--2,3635,0389,0518,430
43 ---------2,629---7,500--
430/8 ---------2,629------
439 -------------7,500--
44 4,8877,4275,62716,2162,5752,1404,7123,0634,97069111,3957,8731,0394,2124441,484
440/4 4,8877,4275,62716,2162,5752,1404,7123,0634,97069111,3957,8731,0394,2124441,484
46 -15,970----37,736---------
45 5,2398,5596,2386,2543,0631,1332,8599426674,131652,093346--735
450/3 5,2398,5596,2386,2543,0631,133859942667131652,093346--735
454/9 ------2,000--4,000------
47/48 4,0000833--2,4452856,6681,4685,21615,88819,07810,4059,36111,0768,000
Income statement
76A -----3,024----------
9900 34,66317,06317,78812,04617,26317,10616,03725,12711,7543,305-5,4619,2907,64710,7875,38713,305
630 3,3741,9312,5239,3228,61213,53213,82014,3037,7429,8693,9728,1377,2907,2178,7378,245
640/8 1,2231,3031,2257414402604318306556085205688355965001,777
66A 309---------------
9901 29,75713,82814,0401,9828,2113,3141,7869,9943,357-7,172-9,953585-4782,974-3,8503,283
75/76B 100533761522-3101133584
75 100533761522-3101133584
65/66B 1361326712814206181,0701,05961625282432457651,6172,175
65 1361326712814206181,0701,05961625282432457651,6172,175
9903 29,63113,69713,4222,0787,9432,6997168,9392,741-7,423-10,033543-7212,212-5,4091,112
67/77 7,2854,1513,2572,3792,6575533622201566665822107644-734735
9904 22,3479,54510,165-3015,2862,1463548,7192,585-7,489-10,098-278-8281,568-4,675377
9905 22,3479,54510,165-3015,2862,1463548,7192,585-7,489-10,098-278-8281,568-4,675377
Appropriation of the result
9906 24,20515,8597,146-3,019-2,718-8,004-10,150-10,504-19,223-21,808-14,311-4,213-3,935-3,107-4,675377
14P 1,8596,313-3,019-2,718-8,004-----------
691/2 18,00014,000-------------377
6920 ---------------377
6921 18,00014,000--------------
694/7 4,0000833-------------
694 -0833-------------
695 4,000---------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 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 31-07-2026.

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 micro format 31-07-2026 2026-00364005 PDF
31-12-2024 micro format 31-08-2025 2025-00455674 PDF
31-12-2023 micro format 30-09-2024 2024-00499316 PDF
31-12-2022 micro format 30-08-2023 2023-00404490 PDF
31-12-2021 micro format 29-07-2022 2022-20245832 PDF
31-12-2020 micro format 30-11-2021 2021-79200122 PDF
31-12-2019 micro format 30-09-2020 2020-57900157 PDF
31-12-2018 micro format 23-09-2019 2019-65200173 PDF
31-12-2017 micro format 16-07-2018 2018-32700330 PDF
31-12-2016 micro format 24-08-2017 2017-47900495 PDF
31-12-2015 abbreviated format 24-11-2016 2016-68600414 PDF
31-12-2014 abbreviated format 20-08-2015 2015-44900092 PDF
31-12-2013 abbreviated format 05-01-2015 2015-00300054 PDF
31-12-2012 abbreviated format 27-07-2013 2013-36500500 PDF
31-12-2011 abbreviated format 23-07-2012 2012-32800540 PDF
31-12-2010 abbreviated format 30-06-2011 2011-25100150 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010
33,13115,75916,56311,30416,82316,84615,60624,29711,0992,697-5,9818,7226,81210,1914,88711,528
25,72011,47612,6889,02113,89815,67714,17423,02210,3272,380-6,1267,8586,4628,7854,0628,622
6,1005,7141,0961,9756,0371,1453,46535,279-64730,1572,7803,1251,1098,6771,28642,248
20,2234,570-2,6058,7531,569-27,50627,7914,504--7,297-479-6,7754,941-3,446-
41,62625,69619,9349,1765,6933,849205628-3,139-9,389-1,905-4,549-9,283-13,774-14,352-8,079
79.0%52.1%66.5%37.9%51.6%29.4%10.2%13.7%-1.1%-8.1%14.4%9.8%19.6%13.7%8.2%16.6%
3.951.802.571.351.491.231.001.030.740.480.930.840.340.470.300.57
3.951.562.571.351.491.231.001.030.740.480.930.840.340.470.300.57
0.270.920.501.640.942.408.806.32--5.929.184.116.3211.135.04
42.1%27.4%40.3%-1.9%32.6%19.6%4.0%103.5%---218.8%-8.8%-24.0%36.7%-173.0%5.1%
33.2%14.3%26.8%-0.7%16.8%5.8%0.4%14.1%9.4%-21.1%-31.6%-0.9%-4.7%5.0%-14.3%0.8%
over 100over 10024.6940.2640.03-----------

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€6,100€5,714€1,096€1,975€6,037
€3,374€1,931€2,523€9,322€8,612

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

Insights on Moerman

The operating result for 2025 is 115% higher than in 2024 and the highest since 2010. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 47.9% to 21.0%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles)
since 06-08-2009 term without a fixed end
earlier statutory director, until 13-11-2023
listed in the 2024 annual accounts, filed on 31-08-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 13-11-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director (not named in the articles), from 06-08-2009 to date
    • Statutory director, until 13-11-2023

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

Control

Shareholder
This company
Moerman
Equity €53,132
Profit €22,347 in 2025

Capital

Contribution
€18,550
Source
2025 annual accounts

Articles of association

deed of 13-11-2023 (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.
At least 1 director
“Algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager en helft koper(s) naar evenredigheid aantal aandelen,ook bij erfgenaam of legataris, prijs in oorspronkelijke bekendmaking…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”

Shareholders

Stated in the deed deed of 13-11-2023 ↗
  • all shares

Network & group

No group

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

Timeline

Timeline

26 events since 2009

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · on the deadline day
2025
Highest result from 2010 to 2025 net €22,347 ▲134% The operating result of €29,757 and the net result of €22,347 are both a record.
Liquidity more than doubled current ratio 3.95 The current ratio rises from 1.80 to 3.95. Short-term debt falls from €31,956 to €14,126.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0817617255
Annual accounts 2024 filed PDFmicro format · 31 days late
2024
Annual accounts 2023 filed PDFmicro format · 61 days late
2023
Back to profit net €10,165 The net result is €10,165, after one loss-making year.
Registered office moved within ZeleNew registered office: Burgemeester Van Ackerwijk B 69, 9240 Zele · Previous registered office: Durmen 147, 9240 Zele · Resignation: (statutory director)6 points ▸
  • holds all the shares
  • Director resignation, (statutory director)
  • Director discharge,
  • Purpose change, “Algemene bouw van residentiële gebouwen; Loodgieterswerk; Installatie in gebouwen en andere bouwwerken van : loodgieterswerk en sanitaire app; Waterleidingen…” (deed in Dutch)
  • Director reappointment, (director (not named in the articles))
  • Registered-office move, Burgemeester Van Ackerwijk B 69, 9240 Zele
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 30 days late
2022
Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 122 days late
2020
Annual accounts 2019 filed PDFmicro format · 61 days late
2019
Annual accounts 2018 filed PDFmicro format · 54 days late
2018
Annual accounts 2017 filed PDFmicro format · 15 days before the deadline
2017
Back to profit net €2,585 The net result is €2,585, after 4 loss-making years.
Annual accounts 2016 filed PDFmicro format · 24 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 116 days late
2015
Weakest financial year net -€10,098 The net result drops to -€10,098, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2014 filed PDFabbreviated format · 20 days late
Annual accounts 2013 filed PDFabbreviated format · 158 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 4 days before the deadline
2012
Back to profit net €1,568 The net result is €1,568, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 8 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 31 days before the deadline
2009
First establishment Burgemeester Van Ackerwijk B 69, Zele
Incorporation PDFpublished on 10-08-2009

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

On 6 August 2009, Moerman was incorporated.1 In 2023 the registered office moved to Zele.2 Total assets went from €61,621 in 2018 to €67,259 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-11-2023
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0817.617.255
VAT number
BE 0817.617.255
Peppol ID
0208:0817617255
Other Peppol ID
9925:BE0817617255
Legal form
Private limited company
Status
Active, normal situation
Founded
06-08-2009
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
deed of 13-11-2023 (in Dutch)
Peppol
Reachable since 16-10-2025Follow 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 13-11-2023 (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 13-11-2023 (in Dutch)

Activities

NACEBEL 2025
43341 Painting of buildings main activity
43333 Wallpapering and laying of floor and wall coverings in other materials
Codes under NACEBEL 2008
43341 Painting of buildings main activity
43333 Wallpapering and laying of floor and wall coverings in other materials

Registered office and establishments

1 establishment
Establishment Since Unit number
Burgemeester Van Ackerwijk B 69 registered office 9240 Zele 01-10-2009 2.181.129.033

Buildings and parcels at the address

Ground area
223 m²
Buildings
90 m²
Volume, LiDAR
504 m³
Tallest building
10.9 m
Buildings to scale, each on its own parcel
90 m², 10.9 m 90 m², 10.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
42402C0038/00G002223 m² 1 · 90 m² 10.9 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 0817.617.255

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