GERIMMO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 39 filings
Amounts without an identifiable currency are taken as euros.
Equity
€605,831▼ 1.7%
2024 · €616,371
Total assets
€607,726▼ 1.7%
2024 · €618,250
Net result
-€10,539
2024 · €403,532
Working capital
€499,040▼ 2.0%
2024 · €509,034
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€11,885
2025
20182025
Net result
-€10,539
2025
20182025
Equity
€605,831
▼ 1.7%
2025
20182025
Total assets
€607,726
▼ 1.7%
2025
20182025
Debt
€1,895
▲ 0.9%
2025
20182025
Working capital
€499,040
▼ 2.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€2,179--€11,770▼ 440%-€10,896▲ 7.4%-€10,583▲ 2.9%-€13,089▼ 23.7%-€8,772▲ 33.0%€577,752-€11,885
Net result€401--€11,189-€9,992▲ 10.7%-€9,654▲ 3.4%-€9,194▲ 4.8%€2,158€403,532▲ 187×-€10,539
Equity€256,646-€245,457▼ 4.4%€235,465▼ 4.1%€225,811▼ 4.1%€215,958▼ 4.4%€212,839▼ 1.4%€616,371▲ 190%€605,831▼ 1.7%
Total assets€352,798-€316,752▼ 10.2%€306,505▼ 3.2%€296,920▼ 3.1%€336,583▲ 13.4%€330,747▼ 1.7%€618,250▲ 86.9%€607,726▼ 1.7%
Debt€92,077-€67,559▼ 26.6%€67,644▲ 0.1%€68,052▲ 0.6%€117,908▲ 73.3%€117,908=€1,879▼ 98.4%€1,895▲ 0.9%
Working capital€55,134-€53,108▼ 3.7%€51,917▼ 2.2%€51,058▼ 1.7%€123,513▲ 142%€123,353▼ 0.1%€509,034▲ 313%€499,040▼ 2.0%
The operating result for 2025 is a loss of €11,885, after a profit of €577,752 in 2024.
Large changes and their cause
- 2024 Net result +18,602% on 2023. The accounts now follow the micro format, last year the abbreviated format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607,726
Fixed assets
€106,791 ▼ 0.5%
Current assets
€500,935 ▼ 2.0%
Equity and liabilities €607,726
Equity
€605,831 ▼ 1.7%
Debt
€1,895 ▲ 0.9%
Debt's share of the balance-sheet total stays at 0.3%.
Key figures and ratios
EBITDA
-€7,619▼
2024 · €582,241
Cash flow
-€6,274▼
2024 · €408,021
Debt to equity
0.00▲
2024 · 0.00
ROE
-1.7%▼
2024 · 65.5%
ROA
-1.7%▼
2024 · 65.3%
Interest coverage
-107.61▼
2024 · over 100
Debt ≤ 1 year
€1,895▲
2024 · €1,879
Income taxes
€1▼
2024 · €175,794
A ratio outside any meaningful range has been withheld (balance sheet total €607,726, equity €605,831).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €3,721 |
| Depreciation and write-downs of the year | €9,135 | €9,135 | €5,676 | €4,489 | €4,266 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €644,092 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,136 | €9,502 | €9,382 | €9,135 | €9,135 | €5,676 | €4,489 | €4,266 | ▼ 5.0% |
| Other operating charges640/8 | - | - | - | €4,571 | €5,522 | €6,461 | €27,653 | €4,288 | ▼ 84.5% |
| Gross operating margin9900 | €15,892 | €2,821 | €3,831 | €3,123 | €1,568 | €3,365 | €609,894 | -€3,331 | - |
| Operating profit (loss)9901 | -€2,179 | -€11,770 | -€10,896 | -€10,583 | -€13,089 | -€8,772 | €577,752 | -€11,885 | - |
| Financial income75/76B | - | - | - | €1,145 | €2,999 | €3,012 | €1,617 | €1,417 | ▼ 12.4% |
| Recurring financial income75 | €872 | €952 | €1,065 | €1,145 | €2,999 | €3,012 | €1,617 | €1,417 | ▼ 12.4% |
| Financial charges65/66B | - | - | - | €556 | €103 | €75 | €44 | €71 | ▲ 62.8% |
| Recurring financial charges65 | €1,363 | €710 | €500 | €556 | €103 | €75 | €44 | €71 | ▲ 62.8% |
| Profit (loss) for the period before taxes9903 | -€2,671 | -€11,528 | -€10,331 | -€9,994 | -€10,193 | -€5,836 | €579,326 | -€10,539 | - |
| Transfer from deferred taxes780 | - | - | - | €340 | €999 | €7,993 | - | - | - |
| Income taxes67/77 | -€2,732 | €0 | €0 | - | - | - | €175,794 | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | €401 | -€11,189 | -€9,992 | -€9,654 | -€9,194 | €2,158 | €403,532 | -€10,539 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €660 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1,061 | -€10,529 | -€9,332 | -€8,995 | -€9,194 | €2,158 | €403,532 | -€10,539 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €352,798 | €316,752 | €306,505 | €296,920 | €336,583 | €330,747 | €618,250 | €607,726 | ▼ 1.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €242,683 | €233,180 | €223,798 | €214,663 | €205,528 | €199,852 | €107,336 | €106,791 | ▼ 0.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €242,683 | €233,180 | €223,798 | €214,663 | €205,528 | €199,852 | €107,336 | €106,791 | ▼ 0.5% |
| Land and buildings22 | - | - | - | €214,663 | €205,528 | €199,852 | €107,336 | €106,791 | ▼ 0.5% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €110,116 | €83,572 | €82,707 | €82,257 | €131,055 | €130,895 | €510,913 | €500,935 | ▼ 2.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €45,331 | €50,823 | €56,700 | €58,952 | €108,334 | €104,720 | €70,583 | €63,165 | ▼ 10.5% |
| Other amounts receivable41 | - | - | - | €58,952 | €108,334 | €104,720 | €70,583 | €63,165 | ▼ 10.5% |
| Current investments50/53 | €308 | €308 | €452 | €452 | €452 | €453 | €455 | €457 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €63,777 | €30,491 | €21,005 | €22,853 | €22,269 | €25,722 | €439,875 | €437,313 | ▼ 0.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €352,798 | €316,752 | €306,505 | €296,920 | €336,583 | €330,747 | €618,250 | €607,726 | ▼ 1.7% |
| Equity10/15 | €256,646 | €245,457 | €235,465 | €225,811 | €215,958 | €212,839 | €616,371 | €605,831 | ▼ 1.7% |
| Contributions10/11 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Capital10 | - | - | - | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Issued capital100 | - | - | - | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Reserves13 | €134,646 | €133,986 | €133,327 | €132,667 | €132,008 | €90,839 | €494,371 | €483,831 | ▼ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Legal reserve130 | - | - | - | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Tax-exempt reserves132 | - | - | - | €5,936 | €5,277 | - | - | - | - |
| Distributable reserves133 | - | - | - | €114,531 | €114,531 | €78,639 | €482,171 | €471,631 | ▼ 2.2% |
| Profit (loss) carried forward14 | €0 | -€10,529 | -€19,861 | -€28,856 | -€38,050 | - | - | - | - |
| Provisions and deferred taxes16 | €4,075 | €3,736 | €3,396 | €3,057 | €2,717 | - | - | - | - |
| Deferred taxes168 | - | - | - | €3,057 | €2,717 | - | - | - | - |
| Amounts payable17/49 | €92,077 | €67,559 | €67,644 | €68,052 | €117,908 | €117,908 | €1,879 | €1,895 | ▲ 0.9% |
| Amounts payable after more than one year17 | €36,854 | €36,854 | €36,854 | €36,854 | €110,366 | €110,366 | - | - | - |
| Financial debts170/4 | - | - | - | €36,854 | €110,366 | €110,366 | - | - | - |
| Amounts payable within one year42/48 | €54,981 | €30,464 | €30,790 | €31,198 | €7,542 | €7,542 | €1,879 | €1,895 | ▲ 0.9% |
| Trade debts44 | €429 | €426 | €298 | €242 | €242 | €242 | €579 | €595 | ▲ 2.8% |
| Suppliers440/4 | - | - | - | €242 | €242 | €242 | €579 | €595 | ▲ 2.8% |
| Other amounts payable47/48 | - | - | - | €30,956 | €7,300 | €7,300 | €1,300 | €1,300 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €401 | -€11,189 | -€9,992 | -€9,654 | -€9,194 | €2,158 | €403,532 | -€10,539 | - |
| + Depreciation and write-downs630 | €13,136 | €9,502 | €9,382 | €9,135 | €9,135 | €5,676 | €4,489 | €4,266 | ▼ 5.0% |
| Operating cash flow (approximation) | €13,537 | -€1,686 | -€610 | -€519 | -€59 | €7,834 | €408,021 | -€6,274 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €88,026 | -€3,721 | - |
| Change in cash | - | -€33,287 | -€9,485 | €1,848 | -€584 | €3,454 | €414,153 | -€2,562 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as GERIMMO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GERIMMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 8,617 companies, not a prediction for GERIMMO. 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.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00291823 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00227089 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00135700 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00168538 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20140275 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42300490 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34300233 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-40700339 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-16500210 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-20500492 |