GERMOND
ActiveSummary
GERMOND has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of €145,872. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-16
Solvency81▲+1
Growth46▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390,000 at 30 days acceptable
Liquidity ample (current ratio 5.05 against 4.51 in 2024; short-term debt: 17.4% and cash: 25.2% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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
55.9%
Return on assets
1.6%
Age of the figures
12 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 19-01-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
103 d early
2023
116 d early
2022
110 d early
2021
114 d early
2020
105 d early
2019
104 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 108 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 10 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
€14.7m▼ 19.8%
2024 · €18.3m
EBIT margin
1.6%▼ 6.4pp
2024 · 8.0%
Net result
€145,872▼ 86.2%
2024 · €1.1m
Working capital
€6.3m▲ 3.5%
2024 · €6.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€11.8m▲ 1.3%€14.1m▲ 19.3%€17.1m▲ 20.8%€18.3m▲ 7.1%€14.7m▼ 19.8%
Operating result€334,979▼ 32.8%€627,524▲ 87.3%€1.1m▲ 67.9%€1.5m▲ 38.5%€229,542▼ 84.3%
Net result€178,776within the sector's middle half▼ 44.2%€410,211within the sector's middle half▲ 129%€737,033above the sector's middle half▲ 79.7%€1.1mabove the sector's middle half▲ 43.1%€145,872within the sector's middle half▼ 86.2%
EBIT margin2.8%▼ 1.4pp4.4%▲ 1.6pp6.2%▲ 1.7pp8.0%▲ 1.8pp1.6%▼ 6.4pp
Equity€3.6mwithin the sector's middle half=€3.7mwithin the sector's middle half▲ 4.5%€4.2mwithin the sector's middle half▲ 13.0%€5.0mwithin the sector's middle half▲ 19.0%€5.0mwithin the sector's middle half▼ 0.1%
Total assets€7.5mwithin the sector's middle half▲ 25.8%€8.1mwithin the sector's middle half▲ 7.1%€8.2mwithin the sector's middle half▲ 1.5%€9.1mwithin the sector's middle half▲ 10.7%€9.0mwithin the sector's middle half▼ 0.8%
Debt€3.9m▲ 66.1%€4.2m▲ 9.2%€3.8m▼ 9.1%€3.9m▲ 1.6%€3.9m▼ 1.0%
Working capital€5.5mabove the sector's middle half▲ 34.2%€6.1mabove the sector's middle half▲ 10.9%€6.6mabove the sector's middle half▲ 8.0%€6.1mabove the sector's middle half▼ 7.3%€6.3mabove the sector's middle half▲ 3.5%
Solvency47.5%within the sector's middle half▼ 12.2pp46.3%within the sector's middle half▼ 1.2pp51.6%within the sector's middle half▲ 5.2pp55.4%within the sector's middle half▲ 3.9pp55.9%within the sector's middle half▲ 0.4pp
Current ratio4.46above the sector's middle half▲ 0.685.57above the sector's middle half▲ 1.117.76above the sector's middle half▲ 2.194.51above the sector's middle half▼ 3.255.05above the sector's middle half▲ 0.54
Return on assets (ROA)2.4%within the sector's middle half▼ 3.0pp5.1%within the sector's middle half▲ 2.7pp9.0%within the sector's middle half▲ 3.9pp11.6%above the sector's middle half▲ 2.6pp1.6%within the sector's middle half▼ 10.0pp
Staff (FTE)19.2within the sector's middle half▼ 9.9%19.2within the sector's middle half=19.9within the sector's middle half▲ 3.6%18.9within the sector's middle half▼ 5.0%18.7within the sector's middle half▼ 1.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.0m
Fixed assets
€1.1m ▼ 9.2%
Current assets
€7.9m ▲ 0.4%
Equity and liabilities €9.0m
Equity
€5.0m ▼ 0.1%
Provisions
€104,500 ▼ 24.1%
Debt
€3.9m ▼ 1.0%
Debt's share of the balance-sheet total falls from 43.0% to 43.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€454,093▼
2024 · €1.7m
Cash flow
€370,423▼
2024 · €1.3m
Quick ratio
3.19▲
2024 · 2.38
Debt to equity
0.77▼
2024 · 0.78
ROE
2.9%▼
2024 · 21.0%
Interest coverage
12.38▼
2024 · 46.54
Debt ≤ 1 year
€1.6m▼
2024 · €1.7m
Income taxes
€71,641▼
2024 · €374,251
Staff costs
€1.9m▲
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €14.3m | €17.4m | €18.7m | €15.0m | ▼ 19.7% |
| Turnover70 | €11.8m | €14.1m | €17.1m | €18.3m | €14.7m | ▼ 19.8% |
| Other operating income74 | - | €141,136 | €313,592 | €442,393 | €375,221 | ▼ 15.2% |
| Non-recurring operating income76A | - | €29,318 | €28,634 | €19,310 | €17,054 | ▼ 11.7% |
| Operating charges60/66A | - | €13.7m | €16.4m | €17.3m | €14.8m | ▼ 14.2% |
| Goods for resale, raw materials and consumables60 | - | €10.1m | €12.1m | €13.1m | €10.6m | ▼ 18.6% |
| Purchases600/8 | - | €10.6m | €11.3m | €14.0m | €9.9m | ▼ 29.9% |
| Change in stocks: decrease (increase)609 | - | -€464,220 | €814,203 | -€989,911 | €781,467 | ▲ 179% |
| Services and other goods61 | - | €1.8m | €1.9m | €2.2m | €2.2m | ▼ 0.8% |
| Remuneration, social security and pensions62 | - | €1.5m | €1.9m | €1.8m | €1.9m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,309 | €118,955 | €151,339 | €198,940 | €224,551 | ▲ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €51,630 | €231,250 | -€20,618 | -€73,223 | ▼ 255% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €19,080 | €24,155 | €11,715 | -€33,100 | ▼ 383% |
| Other operating charges640/8 | - | €34,293 | €34,920 | €40,774 | €45,301 | ▲ 11.1% |
| Non-recurring operating charges66A | - | €7,367 | - | - | - | - |
| Operating profit (loss)9901 | €334,979 | €627,524 | €1.1m | €1.5m | €229,542 | ▼ 84.3% |
| Financial income75/76B | - | €13,443 | €13,979 | €28,126 | €40,484 | ▲ 43.9% |
| Recurring financial income75 | €13,371 | €13,443 | €13,979 | €28,126 | €40,484 | ▲ 43.9% |
| Income from current assets751 | - | €3 | €2,580 | €14,853 | €29,803 | ▲ 101% |
| Other financial income752/9 | - | €13,439 | €11,399 | €13,273 | €10,681 | ▼ 19.5% |
| Financial charges65/66B | - | €54,783 | €59,485 | €57,934 | €52,513 | ▼ 9.4% |
| Recurring financial charges65 | €49,285 | €54,783 | €59,485 | €57,934 | €52,513 | ▼ 9.4% |
| Debt charges650 | €30,250 | €36,639 | €27,980 | €35,620 | €36,680 | ▲ 3.0% |
| Other financial charges652/9 | - | €18,144 | €31,504 | €22,314 | €15,833 | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | €299,065 | €586,183 | €1.0m | €1.4m | €217,513 | ▼ 84.8% |
| Income taxes67/77 | €120,289 | €175,972 | €270,963 | €374,251 | €71,641 | ▼ 80.9% |
| Taxes670/3 | - | €175,972 | €270,963 | €374,251 | €71,641 | ▼ 80.9% |
| Profit (loss) for the period9904 | €178,776 | €410,211 | €737,033 | €1.1m | €145,872 | ▼ 86.2% |
| Transfer to tax-exempt reserves689 | - | - | €382,062 | €516,179 | €6,769 | ▼ 98.7% |
| Profit (loss) for the period to be appropriated9905 | €178,776 | €410,211 | €354,971 | €538,521 | €139,103 | ▼ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.5m | €8.1m | €8.2m | €9.1m | €9.0m | ▼ 0.8% |
| Fixed assets21/28 | €414,529 | €599,349 | €596,602 | €1.2m | €1.1m | ▼ 9.2% |
| Intangible fixed assets21 | €23,278 | €17,649 | €12,016 | €6,384 | €10,270 | ▲ 60.9% |
| Tangible fixed assets22/27 | €385,263 | €581,212 | €579,247 | €1.2m | €1.1m | ▼ 9.2% |
| Land and buildings22 | - | €237,610 | €227,380 | €765,961 | €682,510 | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €200,154 | €290,032 | €355,480 | €304,130 | ▼ 14.4% |
| Furniture and vehicles24 | - | €97,894 | €56,161 | €32,503 | €19,284 | ▼ 40.7% |
| Other tangible fixed assets26 | - | €5,674 | €5,674 | €10,013 | €15,713 | ▲ 56.9% |
| Assets under construction and advance payments27 | - | €39,880 | - | - | €35,635 | - |
| Financial fixed assets28 | €5,988 | €488 | €5,338 | €19,688 | €12,688 | ▼ 35.6% |
| Other financial fixed assets284/8 | - | €488 | €5,338 | €19,688 | €12,688 | ▼ 35.6% |
| Amounts receivable and cash guarantees285/8 | - | €488 | €5,338 | €19,688 | €12,688 | ▼ 35.6% |
| Current assets29/58 | €7.1m | €7.5m | €7.6m | €7.9m | €7.9m | ▲ 0.4% |
| Stocks and contracts in progress3 | €3.1m | €3.8m | €3.2m | €3.7m | €2.9m | ▼ 21.7% |
| Stocks30/36 | - | €3.8m | €3.2m | €3.7m | €2.9m | ▼ 21.7% |
| Goods purchased for resale34 | - | €3.0m | €1.9m | €2.9m | €2.2m | ▼ 24.1% |
| Advance payments36 | - | €823,290 | €1.2m | €768,724 | €670,870 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €2.2m | €2.2m | €1.9m | €1.6m | €2.2m | ▲ 39.3% |
| Trade receivables40 | - | €2.1m | €1.8m | €1.5m | €2.0m | ▲ 29.1% |
| Other amounts receivable41 | - | €96,740 | €90,003 | €36,263 | €206,543 | ▲ 470% |
| Current investments50/53 | €38 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.5m | €590,817 | €1.8m | €1.7m | €2.3m | ▲ 30.1% |
| Deferred charges and accrued income490/1 | - | €853,627 | €674,106 | €873,422 | €580,347 | ▼ 33.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.5m | €8.1m | €8.2m | €9.1m | €9.0m | ▼ 0.8% |
| Equity10/15 | €3.6m | €3.7m | €4.2m | €5.0m | €5.0m | ▼ 0.1% |
| Contributions10/11 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Capital10 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Issued capital100 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Reserves13 | €1.5m | €1.5m | €1.8m | €2.3m | €2.2m | ▼ 6.1% |
| Non-distributable reserves130/1 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Legal reserve130 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Tax-exempt reserves132 | - | €30,876 | €412,938 | €929,117 | €935,886 | ▲ 0.7% |
| Distributable reserves133 | - | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 11.0% |
| Profit (loss) carried forward14 | €1.5m | €1.7m | €1.8m | €2.1m | €2.2m | ▲ 6.7% |
| Provisions and deferred taxes16 | €82,650 | €101,730 | €125,885 | €137,600 | €104,500 | ▼ 24.1% |
| Provisions for liabilities and charges160/5 | - | €101,730 | €125,885 | €137,600 | €104,500 | ▼ 24.1% |
| Other liabilities and charges164/5 | - | €101,730 | €125,885 | €137,600 | €104,500 | ▼ 24.1% |
| Amounts payable17/49 | €3.9m | €4.2m | €3.8m | €3.9m | €3.9m | ▼ 1.0% |
| Amounts payable after more than one year17 | €169,845 | €35,465 | - | - | - | - |
| Financial debts170/4 | - | €35,465 | - | - | - | - |
| Credit institutions173 | - | €35,465 | - | - | - | - |
| Amounts payable within one year42/48 | €1.6m | €1.3m | €979,028 | €1.7m | €1.6m | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | €136,488 | €37,593 | - | - | - |
| Trade debts44 | €909,529 | €768,748 | €551,056 | €854,963 | €936,335 | ▲ 9.5% |
| Suppliers440/4 | - | €768,748 | €551,056 | €854,963 | €936,335 | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | €435,846 | €390,379 | €771,802 | €631,325 | ▼ 18.2% |
| Taxes450/3 | - | €172,408 | €80,714 | €451,470 | €306,345 | ▼ 32.1% |
| Remuneration and social security454/9 | - | €263,439 | €309,665 | €320,331 | €324,980 | ▲ 1.5% |
| Other amounts payable47/48 | - | - | - | €121,000 | €40 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | €2.9m | €2.9m | €2.2m | €2.3m | ▲ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,776 | €410,211 | €737,033 | €1.1m | €145,872 | ▼ 86.2% |
| + Depreciation and write-downs630 | €87,309 | €118,955 | €151,339 | €198,940 | €224,551 | ▲ 12.9% |
| Operating cash flow (approximation) | €266,085 | €529,167 | €888,373 | €1.3m | €370,423 | ▼ 70.5% |
| Investment in fixed assets (approximation) | - | -€303,775 | -€148,592 | -€792,369 | -€114,753 | ▲ 85.5% |
| Change in cash | - | -€901,481 | €1.2m | -€96,065 | €523,930 | ▲ 645% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €145,872 ▼86.2%
Net result drops to €145,872, the lowest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €1.1m ▲43.1%
Operating result €1.5m, net result €1.1m, both a record.
30-09
Financial
Equity above €5mEq €5.0m ▲19%
7 profitable years in a row build equity to €5.0m.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Izegem · 1 establishment unit since 1988
Ground area
5,796 m²
Building footprint
2,771 m²
Volume, LiDAR
14,211 m³
Parcel 36009A0451/00P003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERMOND NV
since 19882.036.921.113
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009A0451/00P003 | Flanders | 5,795 m² | 1 · 2,771 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,573 EUR awarded · 6,573 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 481 EUR |
| 2024 | 1 | 3,486 EUR | 3,005 EUR |
| 2023 | 1 | 2,208 EUR | 2,208 EUR |
| 2022 | 1 | 879 EUR | 879 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493006LPENVHEARPF22
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Identification & contact
Identification
Legal formPublic limited company
Founded21-03-1988
Fiscal year end30-09
Activities, NACEBEL 2025
46620Wholesale of machine tools
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433720058
Also
9925:BE0433720058
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.