GERANTIS ARTEVELDE
InactiveFinancials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,632▲ 90.7%
2024 · -€60,733
Working capital
-€687,999▼ 1,751%
2024 · -€37,168
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1,812 after a loss of €69,403 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1,812
2025
Net result-€5,632
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€866,263
2025
Equity€2,252
2025
Debt€864,012
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€687,999
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€36,918-€4,113▼ 88.9%€2,565▼ 37.6%-€6,543-€40,684▼ 522%€67,277-€69,403€1,812
Net result€25,819-€2,558▼ 90.1%€1,186▼ 53.6%-€7,136-€40,818▼ 472%€34,524-€60,733-€5,632▲ 90.7%
Equity€78,303-€80,861▲ 3.3%€82,047▲ 1.5%€74,911▼ 8.7%€34,093▼ 54.5%€68,617▲ 101%€7,884▼ 88.5%€2,252▼ 71.4%
Total assets€137,588-€125,573▼ 8.7%€109,077▼ 13.1%€83,146▼ 23.8%€141,747▲ 70.5%€358,318▲ 153%€366,545▲ 2.3%€866,263▲ 136%
Debt€59,285-€44,712▼ 24.6%€27,030▼ 39.5%€8,235▼ 69.5%€107,654▲ 1,207%€289,701▲ 169%€358,661▲ 23.8%€864,012▲ 141%
Working capital€35,532-€41,963▲ 18.1%€39,280▼ 6.4%€29,361▼ 25.3%-€22,170€10,917-€37,168-€687,999▼ 1,751%
Staff (FTE)2-2=2=1.4▼ 30.0%1.2▼ 14.3%1.6▲ 33.3%2.8▲ 75.0%3▲ 7.1%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €866,263
Fixed assets
€735,476 ▲ 1,530%
Current assets
€130,788 ▼ 59.3%
Equity and liabilities €866,263
Equity
€2,252 ▼ 71.4%
Debt
€864,012 ▲ 141%
Debt's share of the balance-sheet total rises from 97.8% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,291▲
2024 · -€55,053
Cash flow
€11,846▲
2024 · -€46,382
Current ratio
0.16▼
2024 · 0.90
ROE
-250.1%▲
2024 · -770.3%
ROA
-0.7%▲
2024 · -16.6%
Interest coverage
2.28▲
2024 · -6.95
Debt ≤ 1 year
€818,786▲
2024 · €358,597
Income taxes
€753▼
2024 · €1,330
Staff costs
€247,679▲
2024 · €209,059
A ratio outside any meaningful range has been withheld (balance sheet total €866,263, equity €2,252).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | - | €77,925 | €0 | €1,978 | - |
| Remuneration, social security and pensions62 | - | - | - | €89,756 | €65,954 | €97,604 | €209,059 | €247,679 | ▲ 18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,998 | €6,000 | - | €1,451 | €9,915 | €14,317 | €14,350 | €17,479 | ▲ 21.8% |
| Other operating charges640/8 | - | - | - | €1,008 | €924 | €1,634 | €1,708 | €7,291 | ▲ 327% |
| Non-recurring operating charges66A | - | - | - | - | €937 | €4,972 | €0 | €96,196 | - |
| Gross operating margin9900 | €143,615 | €123,754 | €101,622 | €85,672 | €37,045 | €185,805 | €155,714 | €370,457 | ▲ 138% |
| Operating profit (loss)9901 | €36,918 | €4,113 | €2,565 | -€6,543 | -€40,684 | €67,277 | -€69,403 | €1,812 | - |
| Financial income75/76B | - | - | - | €0 | €0 | €0 | €18,132 | €1,782 | ▼ 90.2% |
| Recurring financial income75 | €27 | €407 | €8 | €0 | €0 | €0 | €18,132 | €1,782 | ▼ 90.2% |
| Financial charges65/66B | - | - | - | €593 | €70 | €31,950 | €8,132 | €8,473 | ▲ 4.2% |
| Recurring financial charges65 | €419 | €313 | €216 | €593 | €70 | €2,369 | €7,922 | €8,473 | ▲ 7.0% |
| Non-recurring financial charges66B | - | - | - | - | - | €29,582 | €210 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €36,526 | €4,207 | €2,357 | -€7,136 | -€40,755 | €35,327 | -€59,403 | -€4,879 | ▲ 91.8% |
| Income taxes67/77 | €10,707 | €1,650 | €1,171 | - | €64 | €803 | €1,330 | €753 | ▼ 43.4% |
| Profit (loss) for the period9904 | €25,819 | €2,558 | €1,186 | -€7,136 | -€40,818 | €34,524 | -€60,733 | -€5,632 | ▲ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €25,819 | €2,558 | €1,186 | -€7,136 | -€40,818 | €34,524 | -€60,733 | -€5,632 | ▲ 90.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €137,588 | €125,573 | €109,077 | €83,146 | €141,747 | €358,318 | €366,545 | €866,263 | ▲ 136% |
| Fixed assets21/28 | €44,897 | €38,898 | €42,766 | €45,550 | €56,263 | €57,770 | €45,116 | €735,476 | ▲ 1,530% |
| Intangible fixed assets21 | €38,671 | €38,671 | €38,671 | €38,671 | €36,526 | €30,374 | €24,224 | €712,239 | ▲ 2,840% |
| Tangible fixed assets22/27 | €6,000 | - | €4,000 | €6,784 | €17,142 | €14,901 | €8,397 | €6,992 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €2,667 | €13,103 | €11,807 | €6,874 | €5,693 | ▼ 17.2% |
| Furniture and vehicles24 | - | - | - | €4,117 | €4,039 | €1,460 | €57 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | - | €1,634 | €1,466 | €1,298 | ▼ 11.4% |
| Financial fixed assets28 | €226 | €226 | €95 | €95 | €2,595 | €12,495 | €12,495 | €16,245 | ▲ 30.0% |
| Current assets29/58 | €92,691 | €86,676 | €66,311 | €37,596 | €85,484 | €300,548 | €321,429 | €130,788 | ▼ 59.3% |
| Amounts receivable within one year40/41 | €12,287 | €46,396 | €18,746 | €5,056 | €36,742 | €297,570 | €314,219 | €125,983 | ▼ 59.9% |
| Trade receivables40 | - | - | - | €1,891 | €21,121 | €73,095 | €42,756 | €125,983 | ▲ 195% |
| Other amounts receivable41 | - | - | - | €3,165 | €15,622 | €224,474 | €271,463 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €80,404 | €39,224 | €47,564 | €32,486 | €46,695 | €2,978 | €5,662 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €53 | €2,047 | €0 | €1,548 | €4,804 | ▲ 210% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €137,588 | €125,573 | €109,077 | €83,146 | €141,747 | €358,318 | €366,545 | €866,263 | ▲ 136% |
| Equity10/15 | €78,303 | €80,861 | €82,047 | €74,911 | €34,093 | €68,617 | €7,884 | €2,252 | ▼ 71.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €221 | €221 | €221 | €221 | €221 | €29,474 | €29,474 | €29,474 | = |
| Non-distributable reserves130/1 | - | - | - | €221 | €221 | €29,474 | €29,474 | €29,474 | = |
| Legal reserve130 | - | - | - | €221 | €221 | €3,674 | €3,674 | €3,674 | = |
| Reserves not available under the articles1311 | - | - | - | - | - | €25,800 | €25,800 | €25,800 | = |
| Profit (loss) carried forward14 | €16,082 | €18,640 | €19,825 | €12,690 | -€28,128 | -€22,857 | -€83,590 | -€89,222 | ▼ 6.7% |
| Amounts payable17/49 | €59,285 | €44,712 | €27,030 | €8,235 | €107,654 | €289,701 | €358,661 | €864,012 | ▲ 141% |
| Amounts payable after more than one year17 | €2,126 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €57,159 | €44,712 | €27,030 | €8,235 | €107,654 | €289,631 | €358,597 | €818,786 | ▲ 128% |
| Financial debts43 | - | - | - | - | - | - | - | €134,723 | - |
| Other loans439 | - | - | - | - | - | - | - | €134,723 | - |
| Trade debts44 | €26,100 | €20,979 | €16,223 | €1,350 | €95,618 | €257,505 | €51,169 | €67,630 | ▲ 32.2% |
| Suppliers440/4 | - | - | - | €1,350 | €95,618 | €257,505 | €51,169 | €67,630 | ▲ 32.2% |
| Taxes, remuneration and social security45 | - | - | - | €6,885 | €12,036 | €17,126 | €26,725 | €6,918 | ▼ 74.1% |
| Taxes450/3 | - | - | - | €606 | €10,392 | €4,175 | €1,631 | €256 | ▼ 84.3% |
| Remuneration and social security454/9 | - | - | - | €6,279 | €1,644 | €12,952 | €25,094 | €6,662 | ▼ 73.5% |
| Other amounts payable47/48 | - | - | - | - | - | €15,000 | €280,703 | €609,515 | ▲ 117% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €70 | €64 | €45,225 | ▲ 71,087% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,819 | €2,558 | €1,186 | -€7,136 | -€40,818 | €34,524 | -€60,733 | -€5,632 | ▲ 90.7% |
| + Depreciation and write-downs630 | €5,998 | €6,000 | - | €1,451 | €9,915 | €14,317 | €14,350 | €17,479 | ▲ 21.8% |
| Operating cash flow (approximation) | €31,817 | €8,557 | €1,186 | -€5,685 | -€30,903 | €48,841 | -€46,382 | €11,846 | - |
| Investment in fixed assets (approximation) | - | €0 | -€3,869 | -€4,235 | -€20,628 | -€15,824 | -€1,696 | -€707,838 | ▼ 41,628% |
| Change in cash | - | -€41,179 | €8,340 | -€15,078 | €14,208 | -€43,716 | €2,683 | -€5,662 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00307415 |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00311267 |
| 31-12-2023 | abbreviated format | 04-10-2024 | 2024-00500472 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00284729 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20377703 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-60100360 |
| 31-12-2019 | abbreviated format | 29-10-2020 | 2020-64600343 |
| 31-12-2018 | abbreviated format | 26-09-2019 | 2019-66200403 |
| 31-12-2017 | micro format | 16-07-2018 | 2018-34100321 |
| 31-12-2016 | micro format | 13-07-2017 | 2017-31100063 |
Subsidies and aid
Flemish government
2023 · 1 entry · €60 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.