GERMABU
ActiveGERMABU has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €42k. Equity is growing by ~68.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 12617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency24▼-76
Growth78=
Stability94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.75 against 19.07 in 2024), and 78.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
21.9%
Return on assets
19.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12617 sector peers (2025).
NBB · sector comparisonPosition among 12617 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
24 d late
2023
8 d early
2022
31 d late
2021
26 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 77.4%
2024 · €206k
2021: €29k
2022: €56k
2023: €90k
2024: €206k
2021 → 2025
Total assets
€212k▼ 0.5%
2024 · €213k
2021: €63k
2022: €72k
2023: €95k
2024: €213k
2021 → 2025
Net result
€42k▼ 85.8%
2024 · €293k
2021: €24k
2022: €27k
2023: €34k
2024: €293k
2021 → 2025
Working capital
€-42k
2024 · €131k
2021: €20k
2022: €33k
2023: €22k
2024: €131k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€56k▲ 94.3%€90k▲ 60.3%€206k▲ 129%€47k▼ 77.4%
Operating result€31k-€36k▲ 16.1%€34k▼ 4.4%€14k▼ 57.7%€57k▲ 296%
Net result€24k-€27k▲ 14.0%€34k▲ 24.3%€293k▲ 764%€42k▼ 85.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 296% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€89k▲ 18.6%
Current assets
€124k▼ 10.8%
Equity and liabilities €212k
Equity
€47k▼ 77.4%
Debt
€166k▲ 2,181%
The debt ratio rises from 3.4% to 78.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€71k▲
2024 · €28k
Cash flow
€55k▼
2024 · €306k
Solvency
21.9%▼
2024 · 96.6%
Current ratio
0.75▼
2024 · 19.07
Quick ratio
0.75▼
2024 · 19.07
Debt / equity
3.56▲
2024 · 0.04
ROE
89.3%▼
2024 · 141.9%
ROA
19.6%▼
2024 · 137.1%
Interest coverage
588.31▲
2024 · 253.29
Debt
€166k▲
2024 · €7k
Debt ≤ 1 year
€166k▲
2024 · €7k
Income taxes
€15k▲
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€213k€212k▼
Fixed assets21/28€75k€89k▲
Tangible fixed assets22/27€50k€36k▼
Furniture and vehicles24€50k€36k▼
Financial fixed assets28€25k€53k▲
Current assets29/58€139k€124k▼
Amounts receivable within one year40/41€57k€78k▲
Trade receivables40€10k€39k▲
Other amounts receivable41€46k€39k▼
Cash at bank and in hand54/58€81k€45k▼
Deferred charges and accrued income490/1€854€0▼
Equity and liabilities
Total equity and liabilities10/49€213k€212k▼
Equity10/15€206k€47k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€201k€42k▼
Amounts payable17/49€7k€166k▲
Amounts payable within one year42/48€7k€166k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€0€347▲
Suppliers440/4€0€347▲
Taxes, remuneration and social security45€7k€17k▲
Taxes450/3€7k€17k▲
Other amounts payable47/48€0€149k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€568€694▲
Gross operating margin9900€28k€71k▲
Operating profit (loss)9901€14k€57k▲
Financial income75/76B€289k€0▼
Recurring financial income75€289k€0▼
Financial charges65/66B€110€120▲
Recurring financial charges65€110€120▲
Profit (loss) for the period before taxes9903€303k€57k▼
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€293k€42k▼
Profit (loss) for the period to be appropriated9905€293k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€378k€243k▼
Profit (loss) brought forward from the previous period14P€85k€201k▲
Profit to be distributed694/7€176k€201k▲
Return on contributions (dividend)694€176k€201k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Highest result since 2021net €293k ▲764%
Net result €293k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 19.07
Current ratio from 5.22 to 19.07.
31-12
Financial
Equity above €200kEq €206k ▲129%
4 profitable years in a row build equity to €206k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Planetariumlaan 135A2610 AntwerpenGround area
1,014 m²
Building footprint
128 m²
Volume, LiDAR
161 m³
Parcel 11463D0420/00M000, Flanders · tallest building 14.0 m. Linked by address, not a title deed.
1 establishment unit
Germabu
since 20212.311.404.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0420/00M000 | Flanders | 1,014 m² | 1 · 128 m² | 14.0 m |
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
FULL ADVICE
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MASQUILLIER
BE 0759.835.444
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AGNES
BE 0761.347.951
Roeselare · Eq €47k
FIDUCIAIRE SANDRINE DONNEAU
BE 0667.746.911
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ACOMPANA
BE 0546.523.536
Hasselt · Eq €47k
Of 12,122 companies in sector 69201 we hold annual accounts for 7,600. 5,809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2021
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.