GERNEL
InactiveFinancials · financial year 2023, full format
Turnover
€0▼ 100%
2022 · €2.9m
EBIT margin
75.7%▲ 10.5pp
2021 · 65.2%
Net result
-€54,803
2022 · €1.4m
Working capital
€40.9m▼ 0.3%
2022 · €41.0m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €378,050 after €2.2m in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0
2023
Operating result-€0.4m
2023
Net result-€0.05m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€42.9m
2023
Equity€42.6m
2023
Debt€0.2m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€40.9m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin75.7%
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)0.5
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€3.4m-€3.5m▲ 1.1%€3.2m▼ 9.0%€3.0m▼ 6.1%€2.9m▼ 3.1%€0▼ 100%
Operating result€1.9m-€2.3m▲ 17.0%€2.0m▼ 10.8%€1.9m▼ 3.9%€2.2m▲ 12.6%-€0.4m
Net result€1.3m-€2.2m▲ 64.1%€2.2m▲ 0.4%€1.8m▼ 16.2%€1.4m▼ 23.3%-€0.05m
EBIT margin56.2%-65.0%▲ 8.8pp63.7%▼ 1.3pp65.2%▲ 1.5pp75.7%▲ 10.5pp
Equity€40.2m-€41.1m▲ 2.2%€42.0m▲ 2.2%€42.6m▲ 1.3%€42.7m▲ 0.3%€42.6m▼ 0.1%
Total assets€67.0m-€55.4m▼ 17.3%€62.7m▲ 13.2%€64.0m▲ 2.0%€87.5m▲ 36.7%€42.9m▼ 51.0%
Debt€26.8m-€14.3m▼ 46.6%€20.7m▲ 44.7%€21.4m▲ 3.5%€44.8m▲ 109%€0.2m▼ 99.5%
Working capital€38.5m-€39.5m▲ 2.7%€40.2m▲ 1.8%€40.8m▲ 1.5%€41.0m▲ 0.4%€40.9m▼ 0.3%
Staff (FTE)14-11.4▼ 18.6%9.1▼ 20.2%7.7▼ 15.4%5.6▼ 27.3%0.5▼ 91.1%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €42.9m
Fixed assets
€1.9m ▼ 3.5%
Current assets
€41.0m ▼ 52.1%
Equity and liabilities €42.9m
Equity
€42.6m ▼ 0.1%
Debt
€243,582 ▼ 99.5%
Debt's share of the balance-sheet total falls from 51.2% to 0.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2022 · 1.05
ROE
-0.1%▼
2022 · 3.3%
ROA
-0.1%▼
2022 · 1.6%
Debt ≤ 1 year
€127,187▼
2022 · €44.5m
Debt > 1 year
€12,884
Income taxes
-€211,037▼
2022 · €1.3m
Staff costs
€60,477▼
2022 · €586,809
A ratio outside any meaningful range has been withheld (balance sheet total €42.9m, equity €42.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.0m | €2.9m | €0.008m | ▼ 99.7% |
| Turnover70 | €3.4m | €3.5m | €3.2m | €3.0m | €2.9m | €0 | ▼ 100% |
| Other operating income74 | - | - | - | €0.01m | €0.01m | €0.008m | ▼ 33.2% |
| Operating charges60/66A | - | - | - | €1.0m | €0.7m | €0.4m | ▼ 45.7% |
| Services and other goods61 | - | - | - | €0.1m | €0.08m | €0.1m | ▲ 70.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.6m | €0.06m | ▼ 89.7% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.04m | €0.2m | ▲ 344% |
| Operating profit (loss)9901 | €1.9m | €2.3m | €2.0m | €1.9m | €2.2m | -€0.4m | - |
| Financial income75/76B | - | - | - | €2.8m | €1.9m | €1.1m | ▼ 40.4% |
| Recurring financial income75 | €1.5m | €1.2m | €1.3m | €2.8m | €1.7m | €1.1m | ▼ 35.0% |
| Income from financial fixed assets750 | - | - | - | €0.3m | €0.4m | €0.3m | ▼ 34.2% |
| Income from current assets751 | - | - | - | €0.4m | €0.7m | €0.5m | ▼ 27.4% |
| Other financial income752/9 | - | - | - | €2.1m | €0.6m | €0.3m | ▼ 45.2% |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - | - |
| Financial charges65/66B | - | - | - | €1.9m | €1.4m | €1.0m | ▼ 25.6% |
| Recurring financial charges65 | €0.3m | €0.3m | €0.4m | €1.7m | €1.4m | €1.0m | ▼ 25.6% |
| Debt charges650 | €0.006m | €0.003m | €0.003m | €0.06m | €0.3m | €0.03m | ▼ 87.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.1m | - | €0.3m | - |
| Other financial charges652/9 | - | - | - | €1.5m | €1.1m | €0.7m | ▼ 36.4% |
| Non-recurring financial charges66B | - | - | - | €0.2m | - | - | - |
| Profit (loss) for the period before taxes9903 | €2.3m | €3.1m | €2.9m | €2.9m | €2.7m | -€0.3m | - |
| Income taxes67/77 | €0.9m | €0.9m | €0.7m | €1.1m | €1.3m | -€0.2m | - |
| Taxes670/3 | - | - | - | €1.1m | €1.3m | €0.2m | ▼ 84.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0.4m | - |
| Profit (loss) for the period9904 | €1.3m | €2.2m | €2.2m | €1.8m | €1.4m | -€0.05m | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.3m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €2.9m | €3.4m | €1.5m | €1.4m | -€0.05m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €67.0m | €55.4m | €62.7m | €64.0m | €87.5m | €42.9m | ▼ 51.0% |
| Formation expenses20 | - | - | - | - | - | €0 | - |
| Fixed assets21/28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 3.5% |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 3.5% |
| Other financial fixed assets284/8 | - | - | - | €1.9m | €1.9m | €1.9m | ▼ 3.5% |
| Shares284 | - | - | - | €1.9m | €1.9m | €1.9m | ▼ 3.5% |
| Current assets29/58 | €65.2m | €53.6m | €60.8m | €62.1m | €85.5m | €41.0m | ▼ 52.1% |
| Amounts receivable after more than one year29 | - | - | - | €8.6m | €43.7m | - | - |
| Other amounts receivable291 | - | - | - | €8.6m | €43.7m | - | - |
| Amounts receivable within one year40/41 | €2.2m | €7.7m | €2.4m | €8.0m | €7.9m | €2.5m | ▼ 68.8% |
| Trade receivables40 | - | - | - | €0.9m | €0.9m | €0.02m | ▼ 98.2% |
| Other amounts receivable41 | - | - | - | €7.1m | €6.9m | €2.4m | ▼ 64.9% |
| Current investments50/53 | €30.7m | €22.2m | €20.2m | €19.0m | €19.1m | €31.3m | ▲ 64.0% |
| Other investments51/53 | - | - | - | €19.0m | €19.1m | €31.3m | ▲ 64.0% |
| Cash at bank and in hand54/58 | €29.1m | €15.2m | €29.2m | €26.1m | €14.2m | €7.2m | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.7m | €0.04m | ▼ 94.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €67.0m | €55.4m | €62.7m | €64.0m | €87.5m | €42.9m | ▼ 51.0% |
| Equity10/15 | €40.2m | €41.1m | €42.0m | €42.6m | €42.7m | €42.6m | ▼ 0.1% |
| Contributions10/11 | €18.7m | €18.7m | €18.7m | €18.7m | €18.7m | €18.7m | = |
| Capital10 | - | - | - | €18.7m | €18.7m | €18.7m | = |
| Issued capital100 | - | - | - | €18.7m | €18.7m | €18.7m | = |
| Reserves13 | €13.6m | €13.6m | €13.7m | €14.0m | €14.0m | €14.0m | = |
| Non-distributable reserves130/1 | - | - | - | €1.9m | €1.9m | €1.9m | = |
| Legal reserve130 | - | - | - | €1.9m | €1.9m | €1.9m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Distributable reserves133 | - | - | - | €11.7m | €11.7m | €11.7m | = |
| Profit (loss) carried forward14 | €8.0m | €8.9m | €9.6m | €9.9m | €10.0m | €9.9m | ▼ 0.5% |
| Provisions and deferred taxes16 | €0.001m | €176 | - | - | - | - | - |
| Amounts payable17/49 | €26.8m | €14.3m | €20.7m | €21.4m | €44.8m | €0.2m | ▼ 99.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.01m | - |
| Other amounts payable178/9 | - | - | - | - | - | €0.01m | - |
| Amounts payable within one year42/48 | €26.7m | €14.0m | €20.6m | €21.2m | €44.5m | €0.1m | ▼ 99.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0 | - |
| Financial debts43 | - | - | - | - | €40.5m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €40.5m | €0 | ▼ 100% |
| Trade debts44 | €0.08m | €0.03m | €0.04m | €0.07m | €316 | €0.09m | ▲ 290× |
| Suppliers440/4 | - | - | - | €0.07m | €316 | €0.09m | ▲ 290× |
| Taxes, remuneration and social security45 | - | - | - | €0.8m | €1.0m | €0.04m | ▼ 96.5% |
| Taxes450/3 | - | - | - | €0.6m | €0.9m | €0.04m | ▼ 96.1% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €20.4m | €3.0m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.3m | €0.1m | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €2.2m | €2.2m | €1.8m | €1.4m | -€0.05m | - |
| Operating cash flow (approximation) | €1.3m | €2.2m | €2.2m | €1.8m | €1.4m | -€0.05m | - |
| Investment in fixed assets (approximation) | - | €0 | -€0.07m | €0 | €0 | €0.07m | - |
| Change in cash | - | -€13.9m | €14.0m | -€3.1m | -€11.9m | -€6.9m | ▲ 41.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 17-06-2024 | 2024-00139520 |
| 31-12-2022 | full format | 23-06-2023 | 2023-00157753 |
| 31-12-2021 | full format | 30-06-2022 | 2022-20139186 |
| 31-12-2020 | full format | 15-06-2021 | 2021-21100475 |
| 31-12-2019 | full format | 02-07-2020 | 2020-26800213 |
| 31-12-2018 | full format | 19-06-2019 | 2019-20600071 |
| 31-12-2017 | full format | 11-07-2018 | 2018-31800584 |
| 31-12-2016 | full format | 22-06-2017 | 2017-20900459 |
| 31-12-2015 | full format | 29-06-2016 | 2016-24800068 |
| 31-12-2014 | full format | 23-06-2015 | 2015-21400477 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.