GERARD
ActiveSummary
GERARD has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380k and a net result of €110k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.76 against 7.32 in 2024; short-term debt: 18.4% and cash: 9.5% of total assets), and 20.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.3%
Return on assets
22.8%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
29 d late
2023
61 d late
2022
3 d early
2021
2 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€380k▼ 1.1%
2024 · €385k
2020: €-514lowest in 6 years
2021: €64k▲ +12591% vs 2020
2022: €152k▲ +137% vs 2021
2023: €262k▲ +72.5% vs 2022
2024: €385k▲ +46.7% vs 2023highest in 6 years
2025: €380k▼ -1.1% vs 2024
2020 → 2025
Total assets
€480k▲ 0.9%
2024 · €475k
2020: €21klowest in 6 years
2021: €89k▲ +323% vs 2020
2022: €185k▲ +108% vs 2021
2023: €410k▲ +122% vs 2022
2024: €475k▲ +15.8% vs 2023
2025: €480k▲ +0.9% vs 2024highest in 6 years
2020 → 2025
Net result
€110k▼ 10.6%
2024 · €122k
2020: €-4klowest in 6 years
2021: €65k▲ +1940% vs 2020
2022: €88k▲ +35.9% vs 2021
2023: €110k▲ +25.4% vs 2022
2024: €122k▲ +11.2% vs 2023highest in 6 years
2025: €110k▼ -10.6% vs 2024
2020 → 2025
Working capital
€333k▼ 1.9%
2024 · €339k
2020: €-1klowest in 6 years
2021: €38k▲ +2840% vs 2020
2022: €128k▲ +240% vs 2021
2023: €219k▲ +71.6% vs 2022
2024: €339k▲ +54.5% vs 2023highest in 6 years
2025: €333k▼ -1.9% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€152k▲ 137%€262k▲ 72.5%€385k▲ 46.7%€380k▼ 1.1%
2021: €64klowest in 5 years
2022: €152k▲ +137% vs 2021
2023: €262k▲ +72.5% vs 2022
2024: €385k▲ +46.7% vs 2023highest in 5 years
2025: €380k▼ -1.1% vs 2024
Operating result€91k-€127k▲ 38.7%€160k▲ 26.2%€177k▲ 10.9%€137k▼ 22.3%
2021: €91klowest in 5 years
2022: €127k▲ +38.7% vs 2021
2023: €160k▲ +26.2% vs 2022
2024: €177k▲ +10.9% vs 2023highest in 5 years
2025: €137k▼ -22.3% vs 2024
Net result€65k-€88k▲ 35.9%€110k▲ 25.4%€122k▲ 11.2%€110k▼ 10.6%
2021: €65klowest in 5 years
2022: €88k▲ +35.9% vs 2021
2023: €110k▲ +25.4% vs 2022
2024: €122k▲ +11.2% vs 2023highest in 5 years
2025: €110k▼ -10.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480k
Fixed assets
€59k ▼ 28.9%
Current assets
€421k ▲ 7.2%
Equity and liabilities €480k
Equity
€380k ▼ 1.1%
Debt
€99k ▲ 9.6%
Debt's share of the balance-sheet total rises from 19.1% to 20.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€161k▼
2024 · €208k
Cash flow
€133k▼
2024 · €153k
Current ratio
4.76▼
2024 · 7.32
Debt to equity
0.26▲
2024 · 0.24
ROE
28.8%▼
2024 · 31.8%
ROA
22.8%▼
2024 · 25.8%
Interest coverage
60.72▲
2024 · 56.55
Debt ≤ 1 year
€88k▲
2024 · €54k
Debt > 1 year
€11k▼
2024 · €37k
Income taxes
€33k▼
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€475k€480k▲
Fixed assets21/28€83k€59k▼
Tangible fixed assets22/27€83k€59k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€13k€10k▼
Leasing and similar rights25€68k€47k▼
Current assets29/58€393k€421k▲
Amounts receivable after more than one year29€125k€125k=
Other amounts receivable291€125k€125k=
Amounts receivable within one year40/41€41k€110k▲
Trade receivables40-€7k
Other amounts receivable41€41k€103k▲
Current investments50/53-€137k
Cash at bank and in hand54/58€224k€46k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€475k€480k▲
Equity10/15€385k€380k▼
Contributions10/11€3k€3k=
Reserves13€377k€377k=
Distributable reserves133€377k€377k=
Profit (loss) carried forward14€4k-
Amounts payable17/49€91k€99k▲
Amounts payable after more than one year17€37k€11k▼
Financial debts170/4€37k€11k▼
Amounts payable within one year42/48€54k€88k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€26k€24k▼
Taxes450/3€26k€24k▼
Other amounts payable47/48-€32k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€24k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€212k€165k▼
Operating profit (loss)9901€177k€137k▼
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€179k€143k▼
Income taxes67/77€56k€33k▼
Profit (loss) for the period9904€122k€110k▼
Profit (loss) for the period to be appropriated9905€122k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€114k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer to equity691/2€122k-
To other reserves6921€122k-
Profit to be distributed694/7-€114k
Return on contributions (dividend)694-€114k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €10k | €25k | €31k | €24k | ▼ 21.9% |
| Other operating charges640/8 | €2k | €787 | €3k | €5k | €4k | ▼ 14.9% |
| Gross operating margin9900 | €95k | €137k | €188k | €212k | €165k | ▼ 22.1% |
| Operating profit (loss)9901 | €91k | €127k | €160k | €177k | €137k | ▼ 22.3% |
| Financial income75/76B | - | €159 | €5k | €5k | €8k | ▲ 53.3% |
| Recurring financial income75 | - | €159 | €5k | €5k | €8k | ▲ 53.3% |
| Financial charges65/66B | €123 | €69 | €3k | €4k | €3k | ▼ 27.6% |
| Recurring financial charges65 | €123 | €69 | €3k | €4k | €3k | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €91k | €127k | €161k | €179k | €143k | ▼ 20.1% |
| Income taxes67/77 | €26k | €39k | €51k | €56k | €33k | ▼ 40.8% |
| Profit (loss) for the period9904 | €65k | €88k | €110k | €122k | €110k | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €65k | €88k | €110k | €122k | €110k | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €185k | €410k | €475k | €480k | ▲ 0.9% |
| Fixed assets21/28 | €27k | €24k | €105k | €83k | €59k | ▼ 28.9% |
| Tangible fixed assets22/27 | €27k | €24k | €105k | €83k | €59k | ▼ 28.9% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €1k | ▼ 30.8% |
| Furniture and vehicles24 | €27k | €24k | €14k | €13k | €10k | ▼ 20.3% |
| Leasing and similar rights25 | - | - | €88k | €68k | €47k | ▼ 30.5% |
| Current assets29/58 | €62k | €160k | €306k | €393k | €421k | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | - | €125k | €125k | €125k | = |
| Other amounts receivable291 | - | - | €125k | €125k | €125k | = |
| Amounts receivable within one year40/41 | €35k | €67k | €2k | €41k | €110k | ▲ 171% |
| Trade receivables40 | - | - | - | - | €7k | - |
| Other amounts receivable41 | €35k | €67k | €2k | €41k | €103k | ▲ 154% |
| Current investments50/53 | - | - | - | - | €137k | - |
| Cash at bank and in hand54/58 | €27k | €93k | €178k | €224k | €46k | ▼ 79.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €3k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €185k | €410k | €475k | €480k | ▲ 0.9% |
| Equity10/15 | €64k | €152k | €262k | €385k | €380k | ▼ 1.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €60k | €145k | €255k | €377k | €377k | = |
| Distributable reserves133 | €60k | €145k | €255k | €377k | €377k | = |
| Profit (loss) carried forward14 | €1k | €4k | €4k | €4k | - | - |
| Amounts payable17/49 | €25k | €33k | €148k | €91k | €99k | ▲ 9.6% |
| Amounts payable after more than one year17 | - | - | €62k | €37k | €11k | ▼ 70.7% |
| Financial debts170/4 | - | - | €62k | €37k | €11k | ▼ 70.7% |
| Amounts payable within one year42/48 | €25k | €33k | €86k | €54k | €88k | ▲ 64.8% |
| Current portion of amounts payable after more than one year42 | - | - | €24k | €25k | €26k | ▲ 4.3% |
| Trade debts44 | - | €1k | €120 | €2k | €6k | ▲ 172% |
| Suppliers440/4 | - | €1k | €120 | €2k | €6k | ▲ 172% |
| Taxes, remuneration and social security45 | €10k | €31k | €38k | €26k | €24k | ▼ 7.0% |
| Taxes450/3 | €10k | €31k | €38k | €26k | €24k | ▼ 7.0% |
| Other amounts payable47/48 | €14k | - | €24k | - | €32k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €88k | €110k | €122k | €110k | ▼ 10.6% |
| + Depreciation and write-downs630 | €2k | €10k | €25k | €31k | €24k | ▼ 21.9% |
| Operating cash flow (approximation) | €67k | €98k | €136k | €153k | €133k | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €-8k | €-106k | €-8k | €0 | ▲ 100% |
| Change in cash | - | €66k | €85k | €46k | €-179k | ▼ 490% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2020net €122k ▲11.2%
Operating result €177k, net result €122k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.32
Current ratio from 3.54 to 7.32; short-term debt falls from €86k to €54k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €262k ▲72.5%
3 profitable years in a row build equity to €262k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €152k ▲137%
2 profitable years in a row build equity to €152k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.52
Current ratio from 0.94 to 2.52.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2020
Ground area
4,039 m²
Building footprint
226 m²
Volume, LiDAR
1,137 m³
Parcel 36013A0522/00E000, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GERARD
since 20202.299.138.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36013A0522/00E000 | Flanders | 4,039 m² | 1 · 226 m² | 15.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.