ACTIVE

GERNAL

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Financial year 2026 · Closed on 31/03/2026

Net result1,4 M €+54,6 %over 1 year

Gross margin3,7 M €+24,0 %over 1 year

Equity5,9 M €+8,1 %over 1 year

Workforce27,2 ETP+4,6 %over 1 year

Identity

Source · BCE/KBO

GERNAL is a Public limited company incorporated in 1968. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Comines-Warneton. It employs on average 27,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.485.437
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Chemin des Casernes(COM) 12-14
7780 Comines-Warneton · WallonieSee on map
Contributed capital: 79 000,00 €
Latest accounts: 31/03/2026
Average workforce: 27,2 ETP

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 28930Manufacture of machinery for food, beverage and tobacco processing 28930Manufacture of machinery for food, beverage and tobacco processing 46649Wholesale of machinery for the textile industry and of sewing and knitting machines+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	3,7 M €	+24.0%	3 M €	-20.1%	3,8 M €	+44.9%	2,6 M €	+22.0%	2,1 M €
EBITDA	1,9 M €	+44.0%	1,3 M €	-37.9%	2,1 M €	+103%	1 M €	+77.8%	588,8 k €
Operating result	1,7 M €	+48.0%	1,2 M €	-42.0%	2 M €	+111%	952,2 k €	+86.6%	510,4 k €
Net result	1,4 M €	+54.6%	887,7 k €	-43.3%	1,6 M €	+121%	707,7 k €	+83.2%	386,3 k €
Balance sheet
Equity	5,9 M €	+8.1%	5,4 M €	+19.5%	4,6 M €	+23.4%	3,7 M €	+6.0%	3,5 M €
Total assets	9,9 M €	+5.3%	9,4 M €	+23.0%	7,6 M €	+0.5%	7,6 M €	+14.6%	6,6 M €
Cash	403,2 k €	+62.1%	248,8 k €	-47.6%	475,1 k €	-34.1%	720,8 k €	-54.4%	1,6 M €
Debts	4 M €	+2.0%	3,9 M €	+28.5%	3 M €	-21.3%	3,9 M €	+24.3%	3,1 M €
Other
Workforce	27,2 ETP	+4.6%	26,0 ETP	-0.8%	26,2 ETP	-3.3%	27,1 ETP	+4.2%	26,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Floran0809.986.919Represented by Vincent Vancoppenolle	Managing director27/02/2009 → 23/08/2030
RUAN COMMERCIAL0700.465.506Represented by Geert ANRAET	Managing director01/10/2018 → 23/08/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anvin0699.933.687Represented by VINCENT VANCOPPENOLLE	Managing director01/10/2018 → 2019 accounts
ALINDE0884.352.166Represented by Stefaan PARREIN	Managing director30/09/2013 → 2015 accounts

Other companies at this address

Chemin des Casernes(COM) 12-14 7780 Comines-Warneton

Company	CBE no.
UTVA GERANCO GROUP● Active	0789.507.249

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2026	01/10/2025	29/10/2024	24/10/2023	05/10/2022	28/10/2021
General meeting	23/09/2026	26/09/2025	18/10/2024	29/09/2023	30/09/2022	08/10/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	23/09/2026	30/09/2026	French	PDF
Abridged model	31/03/2025	26/09/2025	01/10/2025	French	PDF
Abridged model	31/03/2024	18/10/2024	29/10/2024	French	PDF
Abridged model	31/03/2023	29/09/2023	24/10/2023	French	PDF
Abridged model	31/03/2022	30/09/2022	05/10/2022	French	PDF
Abridged model	31/03/2021	08/10/2021	28/10/2021	French	PDF
Abridged model	31/03/2020	28/08/2020	22/09/2020	French	PDF
Abridged model	31/03/2019	06/09/2019	24/09/2019	French	PDF
Abridged model	31/03/2018	21/09/2018	01/10/2018	French	PDF
Abridged model	31/03/2017	25/09/2017	29/09/2017	French	PDF
Abridged modelCorrection	31/03/2016	28/09/2016	16/11/2016	French	PDF
Abridged model	31/03/2016	28/09/2016	30/09/2016	French	PDF
Abridged model	31/03/2015	21/09/2015	30/09/2015	French	PDF
Abridged model	31/03/2014	30/09/2014	31/10/2014	French	PDF
Abridged model	31/03/2013	30/09/2013	29/10/2013	French	PDF
Abridged model	31/03/2012	30/09/2012	31/10/2012	French	PDF
Abridged model	31/03/2011	30/09/2011	28/10/2011	Dutch	PDF
Abridged model	30/09/2009	31/03/2010	29/04/2010	Dutch	PDF
Abridged model	30/09/2008	26/02/2009	12/03/2009	Dutch	PDF
Abridged model	30/09/2007	23/01/2008	20/02/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	22/03/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Floran0809.986.919Represented by Vincent Vancoppenolle	Managing director27/02/2009 → 23/08/2030
RUAN COMMERCIAL0700.465.506Represented by Geert ANRAET	Managing director01/10/2018 → 23/08/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anvin0699.933.687Represented by VINCENT VANCOPPENOLLE	Managing director01/10/2018 → 2019 accounts
ALINDE0884.352.166Represented by Stefaan PARREIN	Managing director30/09/2013 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/12/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring15/02/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office15/03/2012
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

RUAN COMMERCIAL

Floran

Anvin

INVIS

ALINDE

DEMAFIN

ALTITUDO

Marc GERNAEY

Johan GERNAEY

Eric HUYGHE

196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

GERNAL

Chemin des Casernes(COM) 12-14, 7780 Comines

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chemin des Casernes(COM) 12-14, 7780 CominesCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00547126

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GERNALCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00547126

Events

2026
Annual accounts 20261,4 M €↑
2025
Annual accounts 2025887,7 k €↓
2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 2023707,7 k €↑
2022
Annual accounts 2022386,3 k €↓
2021
Annual accounts 2021856,3 k €↑
2020
Annual accounts 2020448,4 k €↑
2019
Annual accounts 2019320,6 k €↓
2018
Annual accounts 2018429,1 k €↓
2017
Annual accounts 2017689,3 k €↑
2016
Annual accounts 2016550,3 k €↑
2015
Annual accounts 2015121,2 k €↓
2014
Annual accounts 2014172,3 k €↑
2013
Annual accounts 2013-18,9 k €↓
2012
Annual accounts 201219,2 k €↓
2011
Annual accounts 2011331,4 k €↑
2009
Annual accounts 200933,5 k €↑
2008
Annual accounts 200811,7 k €↑
2007
Annual accounts 20078,7 k €
01/01/1968
IncorporationPublic limited company

GERNAL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events