GEERBEN (0454.875.659): financials and annual accounts

GEERBEN

Ypres ·KBO/BCE: BE 0454.875.659

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	2.6m	2.1m	2.2m	2.1m	2.1m	1.3m	1.4m	1.3m	1.3m	1.2m	1.0m	926,626	978,179	877,227	958,559	779,621	827,613	848,762	743,572
Fixed assets`21/28`	134,322	176,336	227,244	233,683	266,001	88,308	128,926	137,330	196,154	200,217	151,331	118,523	102,464	126,002	138,719	107,844	105,836	82,725	111,325
Tangible fixed assets`22/27`	133,083	175,096	226,005	232,444	264,762	87,068	127,687	136,091	194,915	198,978	150,092	117,284	101,225	124,763	137,480	106,605	104,597	81,486	110,086
Land and buildings`22`	47,642	56,610	65,579	75,102	72,992	47,400	54,212	61,024	67,837	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	37,008	26,413	33,029	39,923	38,609	37,735	49,107	30,366	34,432	106,744	125,097	80,294	80,509	86,031	106,960	62,697	64,182	77,805	84,265
Furniture and vehicles`24`	48,433	92,073	127,397	117,418	153,161	1,934	24,367	44,701	92,646	92,234	24,995	36,990	20,716	38,732	30,520	43,908	40,415	3,681	25,821
Financial fixed assets`28`	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239
Current assets`29/58`	2.5m	2.0m	2.0m	1.9m	1.8m	1.2m	1.3m	1.2m	1.1m	991,334	883,608	808,103	875,715	751,225	819,840	671,777	721,777	766,037	632,247
Stocks and contracts in progress`3`	150,000	192,000	200,000	199,000	119,193	204,800	168,131	190,000	195,000	200,000	190,000	180,000	175,000	160,000	150,000	124,770	34,500	7,000	5,500
Stocks`30/36`	150,000	192,000	200,000	199,000	119,193	204,800	168,131	190,000	195,000	200,000	190,000	180,000	175,000	160,000	150,000	124,770	34,500	7,000	5,500
Amounts receivable within one year`40/41`	2.2m	1.5m	1.7m	1.6m	1.6m	918,950	1.0m	926,988	861,653	740,651	682,564	580,158	639,215	562,783	606,233	522,449	613,459	701,127	610,646
Trade receivables`40`	2.1m	1.5m	1.6m	1.6m	1.5m	806,592	953,093	903,386	796,114	649,023	545,606	493,993	554,462	491,700	472,476	373,526	511,474	592,485	555,783
Other amounts receivable`41`	78,540	13,326	122,571	19,704	146,865	112,358	87,894	23,602	65,539	91,628	136,958	86,165	84,753	71,083	133,757	148,923	101,985	108,642	54,863
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	12	25,472	4,986	-	6	20,999	392	-
Cash at bank and in hand`54/58`	157,695	228,559	55,862	35,053	105,588	35,148	36,714	18,409	56,346	50,683	11,044	47,933	36,028	23,456	63,607	24,552	52,819	57,518	16,101
Deferred charges and accrued income`490/1`	19,305	16,998	16,764	10,263	12,578	6,542	6,777	22,398	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.6m	2.1m	2.2m	2.1m	2.1m	1.3m	1.4m	1.3m	1.3m	1.2m	1.0m	926,626	978,179	877,227	958,559	779,621	827,613	848,762	743,572
Equity`10/15`	-507,294	-248,966	-280,729	-241,354	-161,694	-209,135	-325,738	-325,489	-306,770	-311,970	-361,027	-357,033	-372,392	-369,796	-75,327	-79,342	-39,065	21,961	23,009
Contributions`10/11`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
Reserves`13`	1,859	1,859	16,813	16,813	16,813	16,813	16,813	16,812	16,812	16,812	16,812	16,812	16,812	16,812	16,812	16,812	16,812	16,812	16,812
Non-distributable reserves`130/1`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	-	0	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953	14,953
Profit (loss) carried forward`14`	-515,350	-257,023	-303,739	-264,364	-184,704	-232,145	-348,748	-348,498	-329,779	-334,979	-384,036	-380,042	-395,401	-392,805	-98,336	-102,351	-62,074	-1,048	-
Amounts payable`17/49`	3.1m	2.4m	2.5m	2.4m	2.3m	1.5m	1.7m	1.6m	1.6m	1.5m	1.4m	1.3m	1.4m	1.2m	1.0m	858,963	866,678	826,801	720,563
Amounts payable after more than one year`17`	-	11,310	44,972	78,232	111,096	-	-	-	-	-	-	-	-	-	-	8,089	22,589	-	-
Financial debts`170/4`	-	11,310	44,972	78,232	111,096	-	-	-	-	-	-	-	-	-	-	8,089	22,589	-	-
Amounts payable within one year`42/48`	3.1m	2.4m	2.4m	2.3m	2.2m	1.5m	1.7m	1.6m	1.6m	1.5m	1.4m	1.3m	1.4m	1.2m	1.0m	850,874	844,089	826,801	698,563
Current portion of amounts payable after more than one year`42`	11,310	33,662	33,260	32,864	32,472	-	-	-	-	-	-	-	-	-	7,575	14,240	13,980	-	-
Financial debts`43`	-	-	-	-	-	-	-	-	-	311,357	143,087	140,579	130,389	168,827	56,830	12,614	8,002	45,000	-
Other loans`439`	-	-	-	-	-	-	-	-	-	311,357	143,087	140,579	130,389	168,827	56,830	12,614	8,002	45,000	-
Trade debts`44`	2.6m	2.0m	2.0m	1.9m	1.8m	1.2m	1.4m	1.4m	1.4m	1.2m	1.2m	1.1m	1.2m	1.1m	959,938	816,005	822,107	775,254	632,374
Suppliers`440/4`	2.6m	2.0m	2.0m	1.9m	1.8m	1.2m	1.4m	1.4m	1.4m	1.2m	1.2m	1.1m	1.2m	1.1m	959,938	816,005	822,107	775,254	632,374
Taxes, remuneration and social security`45`	6,734	1,795	15,072	2,176	4,704	3,174	2,938	3,498	2,456	756	642	-	-	-	-	-	-	-	-
Taxes`450/3`	6,734	1,795	2,290	1,650	4,704	3,174	2,938	3,498	2,456	756	642	-	-	-	-	-	-	-	-
Remuneration and social security`454/9`	-	0	12,782	526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	513,444	309,708	437,401	296,107	299,738	282,801	257,161	212,535	246,262	-	-	11,053	-	-	9,543	8,015	-	6,547	66,189
Accrued charges and deferred income`492/3`	11,615	10,616	12,541	7,188	4,036	1,483	585	-	-	5,269	12,500	-	-	-	-	-	-	-	22,000
Income statement
Non-recurring operating income`76A`	-	1,329	9,425	0	5,000	0	1,641	5,850	-	-	-	-	-	-	-	20,728	29,318	-	-
Gross operating margin`9900`	367,058	488,597	447,973	351,815	360,361	387,054	441,611	229,627	428,571	459,788	237,577	232,509	195,803	-43,472	252,290	134,376	-47,729	58,475	86,794
Remuneration, social security and pensions`62`	280,704	317,769	416,909	360,858	252,587	215,248	383,152	196,030	345,572	355,371	201,294	182,056	159,151	205,847	203,655	155,484	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	55,916	55,909	43,636	53,118	39,626	42,830	46,898	52,434	56,136	53,172	34,880	32,299	34,414	41,339	41,761	39,948	35,057	49,645	44,207
Other operating charges`640/8`	282,308	74,428	12,653	7,663	11,299	7,887	7,348	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,543
Operating profit (loss)`9901`	-251,870	40,491	-25,225	-69,824	56,850	121,090	4,213	-18,837	26,863	51,245	1,403	18,154	2,238	-290,658	6,874	-61,056	-82,786	8,830	42,587
Financial income`75/76B`	5	3	0	49	23	-	-	5,850	-	-	-	16	12	7	29	45	712	532	238
Recurring financial income`75`	5	3	0	49	23	-	-	-	-	-	-	16	12	7	29	45	712	532	238
Non-recurring financial income`76B`	-	-	-	-	-	-	-	5,850	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	3,494	8,346	13,778	9,537	8,877	3,795	3,785	4,128	3,867	2,188	5,397	2,812	4,845	3,821	2,890	4,155	5,696	3,158	1,278
Recurring financial charges`65`	3,494	8,346	13,778	9,537	8,877	3,795	3,785	4,128	3,867	2,188	5,397	2,812	4,845	3,821	2,890	4,155	5,696	3,158	1,278
Profit (loss) for the period before taxes`9903`	-255,359	32,148	-39,002	-79,312	47,996	117,295	429	-17,115	22,996	49,057	-3,994	15,358	-2,595	-294,472	4,013	-44,438	-58,452	6,204	12,004
Income taxes`67/77`	2,968	386	373	347	555	691	679	1,604	17,796	-	-	-1	1	-3	-2	-4,161	2,574	7,252	4,963
Profit (loss) for the period`9904`	-258,327	31,762	-39,375	-79,660	47,441	116,603	-250	-18,719	5,200	49,057	-3,994	15,359	-2,596	-294,469	4,015	-40,277	-61,026	-1,048	7,041
Profit (loss) for the period to be appropriated`9905`	-258,327	31,762	-39,375	-79,660	47,441	116,603	-250	-18,719	5,200	49,057	-3,994	15,359	-2,596	-294,469	4,015	-40,277	-61,026	-1,048	7,041
Appropriation of the result
Profit (loss) to be appropriated`9906`	-515,350	-271,976	-303,739	-264,364	-184,704	-232,145	-348,748	-348,498	-329,779	-334,979	-384,036	-380,042	-395,401	-392,805	-98,336	-102,351	-62,074	-1,048	7,041
Profit (loss) brought forward from the previous period`14P`	-257,023	-303,739	-264,364	-184,704	-232,145	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	14,953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,041
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,239
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,802
Social balance sheet
Average staff (FTE)`9087`	7.2	7.1	8.7	8.6	7.2	7	7.2	6.4	6.5	6.5	6.5	6.2	5.5	5.5	5.4	4.6	-	-	-
Hours worked`1013`	10,609	10,512	14,877	14,317	10,024	7,147	10,650	9,429	7,215	7,215	9,609	8,211	7,319	8,111	7,679	6,458	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	28-08-2026	2026-00445633	PDF
31-12-2024	abbreviated format	11-08-2025	2025-00368751	PDF
31-12-2023	abbreviated format	30-09-2024	2024-00478066	PDF
31-12-2022	abbreviated format	08-08-2023	2023-00317812	PDF
31-12-2021	abbreviated format	30-06-2022	2022-20109327	PDF
31-12-2020	abbreviated format	30-08-2021	2021-55800568	PDF
31-12-2019	abbreviated format	07-10-2020	2020-59300235	PDF
31-12-2018	abbreviated format	02-08-2019	2019-42600238	PDF
31-12-2017	abbreviated format	31-08-2018	2018-55300266	PDF
31-12-2016	abbreviated format	21-08-2017	2017-45400418	PDF
31-12-2015	abbreviated format	26-08-2016	2016-46900506	PDF
31-12-2014	abbreviated format	21-08-2015	2015-44300164	PDF
31-12-2013	abbreviated format	09-08-2014	2014-40600300	PDF
31-12-2012	abbreviated format	01-07-2013	2013-22700109	PDF
31-12-2011	abbreviated format	08-05-2012	2012-10600595	PDF
31-12-2010	abbreviated format	26-04-2011	2011-08800364	PDF
31-12-2009	abbreviated format	10-05-2010	2010-11200478	PDF
31-12-2008	abbreviated format	24-04-2009	2009-11600197	PDF
31-12-2007	abbreviated format	02-04-2008	2008-09000311	PDF
31-12-2006	abbreviated format	29-03-2007	2007-10600504	PDF
31-12-2005	abbreviated format	21-08-2006	2006-64803657	PDF
31-12-2004	abbreviated format	24-05-2005	2005-16604071	PDF
31-12-2003	abbreviated format	03-06-2004	2004-19601338	PDF
31-12-2002	abbreviated format	07-07-2003	2003-40600605	PDF
31-12-2001	abbreviated format	29-04-2002	2002-10804068	PDF
31-12-2000	abbreviated format	12-04-2001	2001-09601038	PDF
31-12-1999	abbreviated format	13-04-2000	2000-09701198	PDF
31-12-1998	abbreviated format	31-03-1999	1999-06804291	PDF
31-12-1997	abbreviated format	20-04-1998	1998-07105317	PDF
31-12-1996	abbreviated format	17-03-1997	1997-03603269	PDF
31-12-1995	abbreviated format	13-06-1996	1996-16201745	PDF

Year	Entries	Awarded	Paid
2024	1	€38	€38
2022	1	€105	€105

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-195,955	96,400	18,411	-16,706	96,475	163,920	51,111	33,597	82,999	104,417	36,283	50,453	36,652	-249,319	48,635	-21,108	-47,729	58,475	86,794
Cash flow	-202,412	87,671	4,261	-26,541	87,066	159,433	46,648	33,715	61,336	102,229	30,886	47,658	31,818	-253,130	45,776	-329	-25,969	48,597	51,248
Investment in fixed assets	18,637	5,000	79,621	20,800	217,319	2,211	38,494	17,009	52,074	102,058	67,687	48,357	10,876	28,622	72,636	41,957	58,169	21,045	55,748
Change in cash	-70,863	172,697	20,809	-70,534	70,440	-1,567	18,305	-37,937	5,663	39,639	-36,889	11,905	12,572	-40,151	39,055	-28,267	-4,699	41,417	-
Working capital	-630,001	-403,376	-450,459	-389,616	-312,564	-295,960	-454,079	-462,819	-502,924	-506,918	-499,858	-475,556	-474,856	-495,798	-214,046	-179,097	-122,312	-60,764	-66,316
Solvency	-19.2%	-11.6%	-12.6%	-11.4%	-7.6%	-16.7%	-23.6%	-25.1%	-23.4%	-26.2%	-34.9%	-38.5%	-38.1%	-42.2%	-7.9%	-10.2%	-4.7%	2.6%	3.1%
Current ratio	0.80	0.83	0.82	0.83	0.86	0.80	0.73	0.71	0.69	0.66	0.64	0.63	0.65	0.60	0.79	0.79	0.86	0.93	0.91
Quick ratio	0.75	0.75	0.73	0.74	0.80	0.66	0.64	0.60	0.57	0.53	0.50	0.49	0.52	0.47	0.65	0.64	0.81	0.92	0.90
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37.65	31.32
ROE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.8%	30.6%
ROA	-9.8%	1.5%	-1.8%	-3.8%	2.2%	9.3%	0.0%	-1.4%	0.4%	4.1%	-0.4%	1.7%	-0.3%	-33.6%	0.4%	-5.2%	-7.4%	-0.1%	0.9%
Interest coverage	-56.09	11.55	1.34	-1.75	10.87	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	9	8	8	9	9
full-time	8	7	6	7	7
part-time	1	1	2	2	2
in full-time equivalents	8.8	7.7	7	8	8
Average over the year, in full-time equivalents	7	7.1	8.7	8.6	7.2
On a permanent contract	8	8	8	9	9
Joined	133	181	153	37	2
Left	132	181	156	37	1
Training hours	-	-	-	-	0

GEERBEN

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-19.2%

Current ratio0.80

Return on assets-9.8%

Staff

Staff cost per FTE€38,987

Joined and left+1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 2 entries, €143 awarded, €143 paid

Key figures and ratios

Social balance sheet

Investments

Insights on GEERBEN

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€18,637	€5,000	€79,621	€20,800	€217,319
Depreciation and write-downs of the year	€55,916	€55,909	€43,636	€53,118	€39,626