GERMA
ActiveGERMA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €424k and a net result of €57k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 95% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-33
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 27.24 against 11.76 in 2023), and 3.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
96.4%
Return on assets
12.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
29 d early
2022
38 d early
2021
32 d early
2020
39 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€424k▲ 15.4%
2023 · €368k
2018: €89k
2019: €126k
2020: €179k
2021: €232k
2022: €286k
2023: €368k
2018 → 2024
Total assets
€440k▲ 9.7%
2023 · €401k
2018: €199k
2019: €204k
2020: €239k
2021: €254k
2022: €314k
2023: €401k
2018 → 2024
Net result
€57k▼ 30.7%
2023 · €82k
2018: €31k
2019: €36k
2020: €54k
2021: €53k
2022: €54k
2023: €82k
2018 → 2024
Working capital
€421k▲ 16.0%
2023 · €363k
2018: €48k
2019: €99k
2020: €162k
2021: €220k
2022: €283k
2023: €363k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€179k-€232k▲ 29.4%€286k▲ 23.1%€368k▲ 28.6%€424k▲ 15.4%
Operating result€81k-€83k▲ 1.3%€85k▲ 3.3%€125k▲ 46.7%€85k▼ 32.2%
Net result€54k-€53k▼ 1.6%€54k▲ 1.9%€82k▲ 52.2%€57k▼ 30.7%
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 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €440k
Fixed assets
€3k▼ 28.4%
Current assets
€437k▲ 10.1%
Equity and liabilities €440k
Equity
€424k▲ 15.4%
Debt
€16k▼ 52.5%
The debt ratio falls from 8.4% to 3.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€86k▼
2023 · €126k
Cash flow
€58k▼
2023 · €83k
Solvency
96.4%▲
2023 · 91.6%
Current ratio
27.24▲
2023 · 11.76
Quick ratio
25.42▲
2023 · 10.88
Debt / equity
0.04▼
2023 · 0.09
ROE
13.3%▼
2023 · 22.2%
ROA
12.9%▼
2023 · 20.4%
Interest coverage
3522.65▲
2023 · 1827.96
Debt
€16k▼
2023 · €34k
Debt ≤ 1 year
€16k▼
2023 · €34k
Income taxes
€31k▼
2023 · €44k
Staff costs
€598
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€401k€440k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€397k€437k▲
Stocks and contracts in progress3€30k€29k▼
Stocks30/36€30k€29k▼
Amounts receivable within one year40/41€143k€106k▼
Trade receivables40€143k€99k▼
Other amounts receivable41-€8k
Current investments50/53€150k€250k▲
Cash at bank and in hand54/58€75k€51k▼
Deferred charges and accrued income490/1-€843
Equity and liabilities
Total equity and liabilities10/49€401k€440k▲
Equity10/15€368k€424k▲
Contributions10/11€19k€19k=
Reserves13€349k€406k▲
Distributable reserves133€349k€406k▲
Amounts payable17/49€34k€16k▼
Amounts payable within one year42/48€34k€16k▼
Financial debts43-€659
Other loans439-€659
Trade debts44€3k€966▼
Suppliers440/4€3k€966▼
Taxes, remuneration and social security45€29k€14k▼
Taxes450/3€29k€14k▼
Other amounts payable47/48€2k€0▼
Income statement
Code20232024
Non-recurring operating income76A€500€0▼
Remuneration, social security and pensions62-€598
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€128k€88k▼
Operating profit (loss)9901€125k€85k▼
Financial income75/76B€565€3k▲
Recurring financial income75€565€3k▲
Financial charges65/66B€69€24▼
Recurring financial charges65€69€24▼
Profit (loss) for the period before taxes9903€126k€88k▼
Income taxes67/77€44k€31k▼
Profit (loss) for the period9904€82k€57k▼
Profit (loss) for the period to be appropriated9905€82k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€57k▼
Transfer to equity691/2€82k€57k▼
To other reserves6921€82k€57k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 27.24
Current ratio from 11.76 to 27.24; short-term debt falls from €34k to €16k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €82k ▲52.2%
Operating result €125k, net result €82k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 11.16
Current ratio from 3.72 to 11.16; short-term debt falls from €59k to €22k.
31-12
Financial
Equity above €200kEq €232k ▲29.4%
4 profitable years in a row build equity to €232k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €179k ▲42.6%
3 profitable years in a row build equity to €179k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €126k ▲40.8%
2 profitable years in a row build equity to €126k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bornem · 1 establishment unit since 1991
Ground area
781 m²
Building footprint
173 m²
Volume, LiDAR
786 m³
Parcel 12015A0715/00C000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GERMA
since 19912.052.716.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015A0715/00C000 | Flanders | 781 m² | 1 · 173 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SWD
BE 0405.143.264
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FARIN METAL
BE 0666.846.492
Braine-le-Comte · Eq €423k
PNEUS SERVICE BRACQUEGNIES
BE 0875.954.639
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PNEUS SORET
BE 0449.682.991
Dison · Eq €428k
EUROPNEUS
BE 0423.373.227
Blégny · Eq €418k
Of 1,744 companies in sector 46720 we hold annual accounts for 1,079. 787 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-11-1990
Fiscal year end31-12
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.