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Generated 28-07-2026
Active BE 0400.633.061Public limited company

Germa

Wandelingstraat 69 ·2570 Duffel, Belgium· 61 yrs active
Sector: Real estate activities (68310)
Conclusion Checked

The computed 12-month bankruptcy probability of Germa is 0.1% (very low). The 2024 annual accounts show equity of €823k and a net result of €1k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 91% of 4932 sector peers (fiscal year 2024). The company has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €823k
Net result €1k
Better than sector 91%
Active 61 yrs
Snowflake analysis 5 axes · computed by Checked
Health86Profitability1Solvency100Growth52Stability100
68 / 100

Strong profile, led by solvency.

Health 86
Profitability 1
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.1% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1964, 61 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
86 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 18-06-2025 with the NBB · fiscal year 2024 · micro
€-100k€0€100k€200k€300kOperating result 2020: €205k€205kNet result 2020: €307k€307kOperating result 2021: €95k€95kNet result 2021: €57k€57kOperating result 2022: €-19k€-19kNet result 2022: €-18k€-18kOperating result 2023: €4k€4kNet result 2023: €4k€4kOperating result 2024: €2k€2kNet result 2024: €1k€1k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~4.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
€600k€800k€1.00M2025: €891k (€825k - €957k)2026: €926k (€829k - €1.02M)2027: €960k (€827k - €1.09M)2018: €615k2019: €650k2020: €779k2021: €836k2022: €818k2023: €822k2024: €823k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 83.1% 16.7%
better than 91% of 4932 sector peers
Net result €1k €2k
better than 47% of 4923 sector peers
Equity €823k €27k
better than 95% of 4935 sector peers
Gross operating margin €23k €27k
better than 47% of 4917 sector peers
Total assets €990k €302k
better than 80% of 4934 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€20k
-3.1% -89% vs sector
Net profit
€1k
-71.6% -94% vs sector
Cash flow
€18k
-9.7% -86% vs sector
Total assets
€990k
-0.2% -68% vs sector
Equity
€823k
+0.1% -57% vs sector
Working capital
€471k
-1.2% -29% vs sector
Income taxes
€4k
+48.5% -72% vs sector
Debt
€101k
+1.5% -84% vs sector
Debt ≤ 1y
€56k
+22.9% -89% vs sector
Debt > 1y
€43k
-19.6% -100% vs sector
Current ratio
9.42
-17.9% far above sector median
Quick ratio
8.15
-17.8% +290% vs sector
Solvency
83.1%
+0.3% +28% vs sector
Debt / equity
0.12
+1.4% -77% vs sector
ROE
0.1%
-71.7% -88% vs sector
ROA
0.1%
-71.6% -86% vs sector
Interest coverage
21.82
+8.8% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€20k
Net profit€1k
Cash flow€18k
Staff costs-
Income taxes€4k
Dividends-
Total assets€990k
Equity€823k
Debt€101k
of which ≤ 1y€56k
of which > 1y€43k
Working capital€471k
Employees (FTE)-
Ratios (computed)
2024
Current ratio9.42
Quick ratio8.15
Working capital ratio47.6%
Solvency83.1%
Debt / equity0.12
Long-term debt ratio0.05
Interest coverage21.82
Gross margin-
Net margin-
ROA0.1%
ROE0.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€990k
Fixed assets 21/28€462k
Tangible fixed assets 22/27€462k
Current assets 29/58€527k
Stocks & contracts in progress 3€71k
Amounts receivable within one year 40/41€358k
Cash & bank 54/58€99k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€990k
Equity 10/15€823k
Contributions / capital 10/11€62k
Reserves 13€598k
Accumulated profits (losses) 14€163k
Provisions & deferred taxes 16€66k
Amounts payable 17/49€101k
Amounts payable after one year 17€43k
Amounts payable within one year 42/48€56k
Trade debts payable within one year 44€7k
Income statement
Gross operating margin 9900€23k
Operating result 9901€2k
Financial charges 65€894
Result before taxes 9903€1k
Income taxes 67/77€4k
Net result for the period 9904€1k
Result to be appropriated 9905€9k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68310)
Legal form Public limited company(014)
Incorporation29-08-1964
StatusActive
Postal code2570
Establishment units 1 location
Wandelingstraat 69, 2570 Duffel
Detailhandel in brood-, banketbakkerswerk en suikerwerk
since 19642.111.751.366
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12302B0729/00B000 Flanders 1,117 m² 1 · 212 m² 0.4 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
27-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
05-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
21-02-2023
State Gazette act Director changes
2022
15-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
17-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
11-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
11-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
07-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
10-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
21-02-2023 3 directors appointed Director changes
  • Ben Verbesselt, Bestuurder
  • Dave Verbesselt, Bestuurder
  • Dave Verbesselt, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Verhuur en lease van personenauto's en lichte bestelwagens (< 3,5 ton)77110Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van kantoormachines, inclusief computers77330Verhuur en lease van kantoormachines, inclusief computers77330Verhuur en lease van luchtvaartuigen77350Verhuur en lease van luchtvaartuigen77350
Primary activity highlighted.
Names & trade names
Legal nameNL Germa
Registered office
Wandelingstraat 69
2570 Duffel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative