GERMO
ActiveGERMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266k and a net result of €16k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 3096 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+12
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 3.76 in 2024), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
65.8%
Return on assets
4%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
30 d early
2023
40 d early
2022
39 d early
2021
72 d early
2020
1 d early
2019
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€266k▼ 16.5%
2024 · €318k
2018: €74k
2019: €163k
2020: €211k
2021: €223k
2022: €291k
2023: €306k
2024: €318k
2018 → 2025
Total assets
€404k▼ 1.6%
2024 · €410k
2018: €250k
2019: €312k
2020: €370k
2021: €367k
2022: €376k
2023: €434k
2024: €410k
2018 → 2025
Net result
€16k▲ 39.7%
2024 · €12k
2018: €67k
2019: €89k
2020: €48k
2021: €12k
2022: €69k
2023: €15k
2024: €12k
2018 → 2025
Working capital
€162k▼ 20.6%
2024 · €205k
2018: €-67k
2019: €36k
2020: €94k
2021: €115k
2022: €184k
2023: €180k
2024: €205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€291k▲ 30.8%€306k▲ 5.1%€318k▲ 3.8%€266k▼ 16.5%
Operating result€1k-€81k▲ 6,472%€13k▼ 84.0%€8k▼ 37.8%€14k▲ 78.0%
Net result€12k-€69k▲ 463%€15k▼ 78.2%€12k▼ 22.8%€16k▲ 39.7%
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 78% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€114k▼ 13.1%
Current assets
€289k▲ 3.9%
Equity and liabilities €404k
Equity
€266k▼ 16.5%
Debt
€138k▲ 50.1%
The debt ratio rises from 22.4% to 34.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€32k▲
2024 · €27k
Cash flow
€33k▲
2024 · €30k
Solvency
65.8%▼
2024 · 77.6%
Current ratio
2.28▼
2024 · 3.76
Quick ratio
2.28▼
2024 · 3.76
Debt / equity
0.52▲
2024 · 0.29
ROE
6.1%▲
2024 · 3.6%
ROA
4.0%▲
2024 · 2.8%
Interest coverage
5.09▲
2024 · 4.91
Debt
€138k▲
2024 · €92k
Debt ≤ 1 year
€127k▲
2024 · €74k
Debt > 1 year
€11k▼
2024 · €18k
Income taxes
€7k▲
2024 · €5k
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€410k€404k▼
Fixed assets21/28€131k€114k▼
Tangible fixed assets22/27€131k€114k▼
Land and buildings22€102k€93k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€11k€7k▼
Financial fixed assets28€62€62=
Current assets29/58€279k€289k▲
Amounts receivable within one year40/41€272k€282k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€262k€271k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€410k€404k▼
Equity10/15€318k€266k▼
Contributions10/11€178k€178k=
Reserves13€98k€45k▼
Distributable reserves133€98k€45k▼
Profit (loss) carried forward14€43k€43k=
Amounts payable17/49€92k€138k▲
Amounts payable after more than one year17€18k€11k▼
Financial debts170/4€18k€11k▼
Amounts payable within one year42/48€74k€127k▲
Current portion of amounts payable after more than one year42€12k€8k▼
Financial debts43€15k€15k▼
Credit institutions430/8€15k€15k▼
Trade debts44€21k€15k▼
Suppliers440/4€21k€15k▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€7k€7k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€17k€80k▲
Accrued charges and deferred income492/3€111€0▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€17k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€30k€36k▲
Operating profit (loss)9901€8k€14k▲
Financial income75/76B€14k€15k▲
Recurring financial income75€14k€15k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€17k€23k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€12k€16k▲
Profit (loss) for the period to be appropriated9905€12k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€59k▲
Profit (loss) brought forward from the previous period14P€43k€43k=
Transfer from equity791/2-€69k
Transfer to equity691/2€12k€16k▲
To other reserves6921€12k€16k▲
Profit to be distributed694/7-€69k
Return on contributions (dividend)694-€69k
The notes to these accounts (12 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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €12k ▼22.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €211k ▲29.4%
3 profitable years in a row build equity to €211k.
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €89k ▲33.6%
Operating result €85k, net result €89k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.62 to 1.24; short-term debt falls from €176k to €149k.
30-09
Financial
Equity above €150kEq €163k ▲120%
2 profitable years in a row build equity to €163k.
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
Van de Ven Bert Roger Magdalena
CurrentDirector · since 01-01-2022
Van Laere Monique Anna Alfons
CurrentDirector · since 01-01-2022
01-01-2022
Van de Ven Bert Roger Magdalena: Appointed as Director
01-01-2022
Van Laere Monique Anna Alfons: Appointed as Director
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1988
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.
Zakdam(BEV) 6A9120 Beveren-Kruibeke-ZwijndrechtGround area
952 m²
Building footprint
174 m²
Volume, LiDAR
800 m³
Parcel 46016D0950/00A000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zakdam(BEV) 6A, 9120 Beveren-Kruibeke-Zwijndrecht
since 19882.041.471.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D0950/00A000 | Flanders | 951 m² | 1 · 174 m² | 6.7 m · 2 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
TOM BUYSSE
BE 0452.484.313
Lokeren · Eq €264k
PEERTS HORTICULTURE
BE 0877.096.863
Lochristi · Eq €273k
VAN LAETHEM INTEGRATED PRODUCE
BE 0462.746.814
Sint-Pieters-Leeuw · Eq €274k
Plantsoen
BE 0776.765.904
Hamont-Achel · Eq €254k
DIGIFLOR
BE 0478.562.564
Lochristi · Eq €251k
Of 870 companies in sector 01191 we hold annual accounts for 306. 248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-1988
Fiscal year end30-09
Activities, NACEBEL
01191Growing of flowers
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.