ACTIVE

GERCO

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Financial year 2025 · closed on 31/12/2025

Net result

448 k €

+31.8% YoY

Gross margin

599,7 k €

+37.5% YoY

Equity

2,7 M €

+20.2% YoY

What does GERCO do?

GERCO is a Public limited company incorporated in 1973. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Rumst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.568.714

Incorporation

02/02/1973

Legal form

Public limited company

Registered office

's Herenbaan 310
2840 Rumst · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment 32990Other manufacturing n.e.c.32990Other manufacturing n.e.c.33110Repair of fabricated metal products+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	599,7 k €	+37.5%	436,2 k €	+60.5%	271,7 k €	-10.8%	304,8 k €	+70.6%	178,7 k €	-12.5%	204,1 k €	-23.8%	267,8 k €	+44.6%	185,2 k €	-30.3%	265,9 k €	+51.3%	175,7 k €	-8.4%	191,9 k €	-5.2%	202,4 k €	+63.5%	123,8 k €	+1.0%	122,5 k €	-10.7%	137,2 k €	+110%	65,2 k €	+12.0%	58,2 k €	-9.3%	64,2 k €	+83.4%	35 k €	-22.4%	45,2 k €
EBITDA	595,9 k €	+37.6%	433 k €	+61.5%	268,1 k €	-11.1%	301,5 k €	+71.6%	175,8 k €	-12.7%	201,3 k €	-24.4%	266,2 k €	+45.1%	183,5 k €	-30.6%	264,4 k €	+51.5%	174,5 k €	-8.6%	190,9 k €	-5.1%	201,1 k €	+64.7%	122 k €	+1.9%	119,7 k €	-10.9%	134,4 k €	+115%	62,5 k €	+13.9%	54,8 k €	-11.1%	61,6 k €	+93.9%	31,8 k €	-26.7%	43,3 k €
Operating result	594,5 k €	+37.9%	431,3 k €	+66.1%	259,7 k €	-10.5%	290,2 k €	+81.0%	160,4 k €	-16.8%	192,7 k €	-26.1%	260,7 k €	+45.6%	179,1 k €	-29.8%	255,3 k €	+51.2%	168,9 k €	-7.8%	183,1 k €	-5.2%	193,3 k €	+69.4%	114,1 k €	-0.8%	115 k €	-9.7%	127,3 k €	+128%	55,8 k €	+34.1%	41,6 k €	-3.0%	42,9 k €	+224%	13,2 k €	-58.1%	31,6 k €
Net result	448 k €	+31.8%	339,9 k €	+88.3%	180,5 k €	-9.9%	200,3 k €	+78.5%	112,2 k €	-17.5%	136,1 k €	-16.2%	162,3 k €	+32.4%	122,6 k €	-21.4%	155,9 k €	+42.4%	109,5 k €	-14.0%	127,4 k €	-5.3%	134,5 k €	+53.1%	87,9 k €	+7.8%	81,5 k €	-10.6%	91,2 k €	+126%	40,3 k €	+28.4%	31,4 k €	-9.4%	34,6 k €	+292%	8,8 k €	-65.7%	25,8 k €
Balance sheet
Equity	2,7 M €	+20.2%	2,2 M €	+18.1%	1,9 M €	+10.6%	1,7 M €	+13.4%	1,5 M €	+8.1%	1,4 M €	+10.9%	1,2 M €	+14.9%	1,1 M €	+12.7%	961,6 k €	+19.3%	805,7 k €	+15.7%	696,2 k €	+22.4%	568,8 k €	+31.0%	434,3 k €	+25.4%	346,4 k €	+30.8%	264,9 k €	+52.5%	173,7 k €	+30.2%	133,5 k €	+30.7%	102,1 k €	+28.5%	79,4 k €	+12.5%	70,6 k €
Total assets	2,8 M €	+20.5%	2,3 M €	+14.6%	2 M €	+10.9%	1,8 M €	+14.6%	1,6 M €	+7.7%	1,5 M €	+9.0%	1,4 M €	+20.8%	1,1 M €	+4.1%	1,1 M €	+26.0%	852,6 k €	+8.3%	787,5 k €	+26.4%	623,1 k €	+31.9%	472,5 k €	+24.4%	379,8 k €	+9.7%	346,2 k €	+28.9%	268,7 k €	+17.6%	228,4 k €	+20.4%	189,8 k €	+7.6%	176,3 k €	+10.7%	159,3 k €
Cash	2,4 M €	+10.0%	2,1 M €	+20.2%	1,8 M €	+12.7%	1,6 M €	+13.1%	1,4 M €	+12.2%	1,2 M €	+13.9%	1,1 M €	+42.1%	767,7 k €	+79.5%	427,7 k €	+29.2%	331,1 k €	+80.8%	183,2 k €	-64.9%	521,2 k €	+38.1%	377,3 k €	+19.9%	314,7 k €	+14.1%	275,8 k €	+63.3%	168,9 k €	+4.0%	162,4 k €	+177%	58,7 k €	+27.0%	46,2 k €	-23.0%	60,1 k €
Debts	126,2 k €	+27.2%	99,2 k €	-8.9%	108,9 k €	+16.3%	93,7 k €	+47.4%	63,6 k €	+2.2%	62,2 k €	-18.4%	76,2 k €	+117%	35,2 k €	-57.9%	83,5 k €	+78.0%	46,9 k €	-41.7%	80,5 k €	+48.2%	54,3 k €	+49.6%	36,3 k €	+27.1%	28,5 k €	-63.2%	77,6 k €	-18.3%	94,9 k €	+11.3%	85,3 k €	+10.0%	77,5 k €	-9.4%	85,5 k €	-3.6%	88,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Chris GEENS

Managing director · since 20 juin 2001

Active

Marietta VAN AKEN

Director · since 19 juin 1997

Active

Ended mandates

Inge BILLIAU

Director · since 18 juin 2009 · until 31 janvier 2011

Ended

Inge BILLIAU

Director · since 18 juin 2009

Ended

Inge BILLIAU

Manager · since 09 mars 2009 · until 31 janvier 2011

Ended

Alf Coenen

Director · since 01 janvier 2007

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	26/06/2025	30/07/2024	20/06/2023	26/07/2022	10/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	19/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	30/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	20/06/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	26/07/2022	Dutch	PDF
Micro model	31/12/2020	17/06/2021	10/08/2021	Dutch	PDF
Micro model	31/12/2019	18/06/2020	15/08/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	10/07/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	14/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	12/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Chris GEENS

Managing director · since 20 juin 2001

Active

Marietta VAN AKEN

Director · since 19 juin 1997

Active

Ended mandates

Inge BILLIAU

Director · since 18 juin 2009 · until 31 janvier 2011

Ended

Inge BILLIAU

Director · since 18 juin 2009

Ended

Inge BILLIAU

Manager · since 09 mars 2009 · until 31 janvier 2011

Ended

Alf Coenen

Director · since 01 janvier 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/04/2003
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025448 k €↑
2024
Annual accounts 2024339,9 k €↑
2023
Annual accounts 2023180,5 k €↓
2022
Annual accounts 2022200,3 k €↑
2021
Annual accounts 2021112,2 k €↓
2020
Annual accounts 2020136,1 k €↓
2019
Annual accounts 2019162,3 k €↑
2018
Annual accounts 2018122,6 k €↓
2017
Annual accounts 2017155,9 k €↑
2016
Annual accounts 2016109,5 k €↓
2015
Annual accounts 2015127,4 k €↓
2014
Annual accounts 2014134,5 k €↑
2013
Annual accounts 201387,9 k €↑
2012
Annual accounts 201281,5 k €↓
2011
Annual accounts 201191,2 k €↑
2010
Annual accounts 201040,3 k €↑
2009
Annual accounts 200931,4 k €↓
2008
Annual accounts 200834,6 k €↑
2007
Annual accounts 20078,8 k €↓
2006
Annual accounts 200625,8 k €
02/02/1973
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GERCO

Overview

What does GERCO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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