GERDYS
ActiveSummary
GERDYS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265,483 and a net result of -€9,874. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 33% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-19
Solvency56▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.19 in 2024; short-term debt: 30.8% and cash: 2.2% of total assets), and 68.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
92 d early
2023
160 d early
2022
153 d early
2021
136 d early
2020
151 d early
2019
168 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 137 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€265,483▼ 3.6%
2024 · €275,356
Total assets
€853,458▲ 4.3%
2024 · €818,011
Net result
-€9,874
2024 · €51,427
Working capital
-€64,702
2024 · €52,155
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€40,987▼ 47.8%€40,018▼ 2.4%€61,908▲ 54.7%€91,236▲ 47.4%€5,188▼ 94.3%
Net result€29,699▼ 58.5%€20,180▼ 32.1%€32,130▲ 59.2%€51,427▲ 60.1%-€9,874
Equity€171,619▲ 20.9%€191,799▲ 11.8%€223,929▲ 16.8%€275,356▲ 23.0%€265,483▼ 3.6%
Total assets€669,872▲ 7.7%€678,430▲ 1.3%€809,789▲ 19.4%€818,011▲ 1.0%€853,458▲ 4.3%
Debt€474,221▲ 4.0%€462,600▼ 2.5%€561,829▲ 21.5%€518,623▼ 7.7%€563,944▲ 8.7%
Working capital-€29,673-€28,424▲ 4.2%€84,380€52,155▼ 38.2%-€64,702
Staff (FTE)5.2▲ 2.0%3.4▼ 34.6%3.6▲ 5.9%3.2▼ 11.1%3▼ 6.3%
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 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853,458
Fixed assets
€655,430 ▲ 32.0%
Current assets
€198,029 ▼ 38.4%
Equity and liabilities €853,458
Equity
€265,483 ▼ 3.6%
Provisions
€24,031 =
Debt
€563,944 ▲ 8.7%
Debt's share of the balance-sheet total rises from 63.4% to 66.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73,045▼
2024 · €141,767
Cash flow
€57,983▼
2024 · €101,958
Current ratio
0.75▼
2024 · 1.19
Quick ratio
0.57▼
2024 · 1.08
Debt to equity
2.12▲
2024 · 1.88
ROE
-3.7%▼
2024 · 18.7%
ROA
-1.2%▼
2024 · 6.3%
Interest coverage
4.89▼
2024 · 9.66
Debt ≤ 1 year
€262,731▼
2024 · €269,216
Debt > 1 year
€301,213▲
2024 · €249,407
Income taxes
€115▼
2024 · €25,245
Staff costs
€225,179▲
2024 · €223,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,653 | - |
| Remuneration, social security and pensions62 | - | €211,476 | €217,053 | €223,473 | €225,179 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,647 | €46,374 | €53,500 | €50,531 | €67,857 | ▲ 34.3% |
| Other operating charges640/8 | - | €7,109 | €6,195 | €6,460 | €6,200 | ▼ 4.0% |
| Gross operating margin9900 | €378,475 | €304,977 | €338,657 | €371,701 | €304,424 | ▼ 18.1% |
| Operating profit (loss)9901 | €40,987 | €40,018 | €61,908 | €91,236 | €5,188 | ▼ 94.3% |
| Financial income75/76B | - | - | - | €112 | - | - |
| Recurring financial income75 | €1,656 | - | - | €112 | - | - |
| Financial charges65/66B | - | €9,231 | €13,302 | €14,677 | €14,947 | ▲ 1.8% |
| Recurring financial charges65 | €9,605 | €9,231 | €13,302 | €14,677 | €14,947 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €33,038 | €30,787 | €48,606 | €76,672 | -€9,759 | ▼ 113% |
| Income taxes67/77 | €3,338 | €10,607 | €16,476 | €25,245 | €115 | ▼ 99.5% |
| Profit (loss) for the period9904 | €29,699 | €20,180 | €32,130 | €51,427 | -€9,874 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €29,699 | €20,180 | €32,130 | €51,427 | -€9,874 | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €669,872 | €678,430 | €809,789 | €818,011 | €853,458 | ▲ 4.3% |
| Fixed assets21/28 | €526,278 | €510,562 | €498,851 | €496,640 | €655,430 | ▲ 32.0% |
| Tangible fixed assets22/27 | €525,878 | €510,562 | €498,851 | €495,365 | €654,155 | ▲ 32.1% |
| Land and buildings22 | - | €477,600 | €447,868 | €421,900 | €526,324 | ▲ 24.8% |
| Plant, machinery and equipment23 | - | €13,634 | €11,382 | €45,644 | €46,667 | ▲ 2.2% |
| Furniture and vehicles24 | - | €12,497 | €17,352 | €10,701 | €9,465 | ▼ 11.6% |
| Leasing and similar rights25 | - | €6,831 | €22,250 | €17,119 | €71,698 | ▲ 319% |
| Financial fixed assets28 | €400 | - | - | €1,275 | €1,275 | = |
| Current assets29/58 | €143,594 | €167,868 | €310,938 | €321,371 | €198,029 | ▼ 38.4% |
| Stocks and contracts in progress3 | €26,001 | €31,164 | €41,904 | €29,937 | €48,569 | ▲ 62.2% |
| Stocks30/36 | - | €31,164 | €41,904 | €29,937 | €48,569 | ▲ 62.2% |
| Amounts receivable within one year40/41 | €107,419 | €126,466 | €203,814 | €268,789 | €121,382 | ▼ 54.8% |
| Trade receivables40 | - | €117,820 | €200,248 | €258,668 | €94,038 | ▼ 63.6% |
| Other amounts receivable41 | - | €8,647 | €3,565 | €10,121 | €27,344 | ▲ 170% |
| Cash at bank and in hand54/58 | - | - | €54,516 | €13,672 | €18,607 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | €10,238 | €10,705 | €8,973 | €9,471 | ▲ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €669,872 | €678,430 | €809,789 | €818,011 | €853,458 | ▲ 4.3% |
| Equity10/15 | €171,619 | €191,799 | €223,929 | €275,356 | €265,483 | ▼ 3.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €153,019 | €173,199 | €205,329 | €256,756 | €256,756 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €319 | €319 | €319 | €319 | = |
| Distributable reserves133 | - | €171,020 | €205,010 | €256,437 | €256,437 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€9,874 | - |
| Provisions and deferred taxes16 | €24,031 | €24,031 | €24,031 | €24,031 | €24,031 | = |
| Provisions for liabilities and charges160/5 | - | €24,031 | €24,031 | €24,031 | €24,031 | = |
| Environmental obligations163 | - | €24,031 | €24,031 | €24,031 | €24,031 | = |
| Amounts payable17/49 | €474,221 | €462,600 | €561,829 | €518,623 | €563,944 | ▲ 8.7% |
| Amounts payable after more than one year17 | €300,955 | €266,307 | €263,223 | €249,407 | €301,213 | ▲ 20.8% |
| Financial debts170/4 | - | €266,307 | €263,223 | €249,407 | €301,213 | ▲ 20.8% |
| Amounts payable within one year42/48 | €173,267 | €196,292 | €226,558 | €269,216 | €262,731 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €34,554 | €39,173 | €42,067 | €67,557 | ▲ 60.6% |
| Financial debts43 | - | €21,999 | €63,153 | €70,000 | €60,000 | ▼ 14.3% |
| Credit institutions430/8 | - | €21,999 | €63,153 | €70,000 | €60,000 | ▼ 14.3% |
| Trade debts44 | €60,276 | €65,184 | €30,805 | €54,176 | €35,910 | ▼ 33.7% |
| Suppliers440/4 | - | €65,184 | €30,805 | €54,176 | €35,910 | ▼ 33.7% |
| Taxes, remuneration and social security45 | - | €14,771 | €24,001 | €10,792 | €6,487 | ▼ 39.9% |
| Taxes450/3 | - | €11,191 | €16,955 | €5,312 | €452 | ▼ 91.5% |
| Remuneration and social security454/9 | - | €3,580 | €7,046 | €5,480 | €6,035 | ▲ 10.1% |
| Other amounts payable47/48 | - | €59,784 | €69,426 | €92,181 | €92,777 | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | €72,048 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,699 | €20,180 | €32,130 | €51,427 | -€9,874 | ▼ 119% |
| + Depreciation and write-downs630 | €44,647 | €46,374 | €53,500 | €50,531 | €67,857 | ▲ 34.3% |
| Operating cash flow (approximation) | €74,346 | €66,553 | €85,630 | €101,958 | €57,983 | ▼ 43.1% |
| Investment in fixed assets (approximation) | - | -€30,657 | -€41,789 | -€48,320 | -€226,646 | ▼ 369% |
| Change in cash | - | - | - | -€40,844 | €4,935 | ▲ 112% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€9,874
Net result drops to -€9,874, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €223,929 ▲16.8%
6 profitable years in a row build equity to €223,929.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €171,619 ▲20.9%
4 profitable years in a row build equity to €171,619.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €71,607 ▲193%
Net result €71,607, the highest in the series.
31-12
Financial
Equity above €100,000Eq €141,920 ▲102%
3 profitable years in a row build equity to €141,920.
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Ieper · 1 establishment unit since 2007
Ground area
454 m²
Building footprint
173 m²
Volume, LiDAR
951 m³
Parcel 33003A0837/00D008, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brugstraat 24, 8904 Ieper
since 20072.168.065.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003A0837/00D008 | Flanders | 454 m² | 1 · 173 m² | 10.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 274 EUR awarded · 274 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 79 EUR | 79 EUR |
| 2022 | 1 | 195 EUR | 195 EUR |
Recognitions · licences · registrations
Recognised contractor
6 categoriesGERDY'S BV#9894
GERDY'S BV34921
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,900 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
Founded03-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
47526Retail trade
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893894986
Also
9925:BE0893894986
Registered
08-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.