ACTIVE

GERARD - GORSE

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Financial year 2025 · closed on 31/12/2025

Net result

131,2 k €

-56.8% YoY

Gross margin

432,6 k €

-34.8% YoY

Equity

417,7 k €

+18.8% YoY

Workforce

6,1 ETP

+1.7% YoY

What does GERARD - GORSE do?

GERARD - GORSE is a Public limited company incorporated in 1973. Its main activity is: Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate. Its registered office is in Libramont-Chevigny. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.565.735

Incorporation

01/01/1973

Legal form

Public limited company

Registered office

Recogne,Rue de Tibêtême 139
6800 Libramont-Chevigny · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

6,1 ETP

Activities (NACE)

08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate· main 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 14110Manufacture of leather clothes 23630Manufacture of ready-mixed concrete

Joint committees (7)

102
10204
124
1240
200
2000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	432,6 k €	-34.8%	663,6 k €	+69.5%	391,4 k €	-77.1%	1,7 M €		–		–		–		–		–		–		–		–		–		–		–		1,1 M €	-7.7%	1,2 M €	+0.4%	1,2 M €
EBITDA	133,9 k €	-64.4%	375,7 k €	+331%	87,1 k €	-90.8%	944,3 k €	-39.3%	1,6 M €	+23.7%	1,3 M €	+72.5%	729,3 k €	-20.5%	917,2 k €	+15.4%	795 k €	-16.4%	950,9 k €	-13.2%	1,1 M €	+48.8%	736,5 k €	+23.9%	594,4 k €	+55.1%	383,3 k €	+16.7%	328,5 k €	-35.6%	509,7 k €	-14.6%	597,1 k €	-5.3%	630,4 k €
Operating result	154 k €	-58.7%	373,2 k €	+358%	81,6 k €	-91.4%	947,3 k €	-37.1%	1,5 M €	+52.8%	985,6 k €	+150%	394 k €	-32.3%	581,9 k €	+2.9%	565,4 k €	+4.6%	540,3 k €	-28.0%	750,7 k €	+85.7%	404,3 k €	+35.4%	298,7 k €	+73.8%	171,8 k €	+48.0%	116,1 k €	-37.9%	186,9 k €	-46.9%	352,1 k €	+21.8%	289 k €
Net result	131,2 k €	-56.8%	303,6 k €	+670%	39,4 k €	-94.6%	733,4 k €	-87.1%	5,7 M €	+626%	785,6 k €	+134%	336,1 k €	-27.0%	460,5 k €	+3.0%	447,2 k €	+4.7%	427 k €	-24.7%	567,3 k €	+90.1%	298,4 k €	+28.2%	232,7 k €	+24.3%	187,2 k €	+118%	85,8 k €	-72.9%	316,2 k €	-22.3%	406,8 k €	+46.9%	277 k €
Balance sheet
Equity	417,7 k €	+18.8%	351,5 k €	+36.3%	257,9 k €	-47.7%	493,5 k €	-85.7%	3,4 M €	-30.4%	5 M €	+11.8%	4,4 M €	+3.1%	4,3 M €	+6.4%	4 M €	+6.5%	3,8 M €	+6.3%	3,6 M €	+11.4%	3,2 M €	+6.5%	3 M €	+4.6%	2,9 M €	+4.6%	2,7 M €	+3.1%	2,7 M €	+10.9%	2,4 M €	+14.7%	2,1 M €
Total assets	1,7 M €	+18.7%	1,4 M €	+7.6%	1,3 M €	-7.5%	1,4 M €	-74.9%	5,7 M €	-21.4%	7,2 M €	+3.8%	7 M €	+2.0%	6,8 M €	+2.9%	6,7 M €	+1.0%	6,6 M €	-5.5%	7 M €	+15.6%	6 M €	-2.0%	6,2 M €	+2.3%	6 M €	-7.1%	6,5 M €	+15.1%	5,6 M €	+18.5%	4,8 M €	+2.6%	4,6 M €
Cash	223,1 k €	+89.3%	117,9 k €	+468%	20,7 k €	-85.6%	144,3 k €	-36.8%	228,5 k €	-92.1%	2,9 M €	+3.2%	2,8 M €	+21.6%	2,3 M €	-0.3%	2,3 M €	+35.0%	1,7 M €	+9.0%	1,6 M €	+31.0%	1,2 M €	+6.1%	1,1 M €	-3.2%	1,2 M €	-5.8%	1,2 M €	+110%	589,1 k €	-2.1%	602 k €	+9.1%	552 k €
Debts	642,5 k €	+52.0%	422,8 k €	+0.4%	421,2 k €	+42.8%	294,9 k €	-81.7%	1,6 M €	+5.6%	1,5 M €	-12.6%	1,7 M €	+0.3%	1,7 M €	-3.6%	1,8 M €	-9.0%	2 M €	-23.4%	2,6 M €	+28.7%	2 M €	-13.2%	2,3 M €	-0.7%	2,3 M €	-19.3%	2,9 M €	+33.5%	2,2 M €	+38.2%	1,6 M €	-14.1%	1,8 M €
Other
Workforce	6,1 ETP	+1.7%	6,0 ETP	0.0%	6,0 ETP	-67.6%	18,5 ETP	-11.5%	20,9 ETP	+6.6%	19,6 ETP	+3.2%	19,0 ETP	+4.4%	18,2 ETP	+1.7%	17,9 ETP	+9.8%	16,3 ETP	+2.5%	15,9 ETP	+3.2%	15,4 ETP	+0.7%	15,3 ETP	0.0%	15,3 ETP	+0.7%	15,2 ETP	-2.6%	15,6 ETP	+9.1%	14,3 ETP	+3.6%	13,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 32 ended

Active mandates

C.W.A.

Director · 0765.272.590

Represented by Claude Wagner

Active

Ended mandates

C.W.A Sàrl

Director · since 01 mars 2021

Represented by Claude WAGNER

Ended

Eddy Georges

Director · since 01 mars 2021

Ended

Patrice Baudoin

Director · since 01 mars 2021

Ended

Claude Gérard

Managing director · since 19 juin 2020 · until 01 mars 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ARDENNE BETON● Active	0459.578.278

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	01/07/2026	09/07/2025	02/07/2024	25/07/2023	20/06/2022	23/03/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	24/02/2021
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
Abridged model	31/12/2025	19/06/2026	01/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	09/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	25/07/2023	French	PDF
Full model	31/12/2021	17/06/2022	20/06/2022	French	PDF
Full model	31/12/2020	24/02/2021	23/03/2021	French	PDF
Full model	31/12/2019	19/06/2020	23/06/2020	French	PDF
Full model	31/12/2018	21/06/2019	27/06/2019	French	PDF
Full model	31/12/2017	15/06/2018	21/06/2018	French	PDF
Full model	31/12/2016	16/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	17/06/2016	24/06/2016	French	PDF
Full model	31/12/2014	19/06/2015	02/07/2015	French	PDF
Full model	31/12/2013	20/06/2014	17/07/2014	French	PDF
Full model	31/12/2012	21/06/2013	17/07/2013	French	PDF
Full model	31/12/2011	15/06/2012	05/07/2012	French	PDF
Full model	31/12/2010	17/06/2011	07/07/2011	French	PDF
Full model	31/12/2009	18/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	01/07/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	23/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	21/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 32 ended

Active mandates

C.W.A.

Director · 0765.272.590

Represented by Claude Wagner

Active

Ended mandates

C.W.A Sàrl

Director · since 01 mars 2021

Represented by Claude WAGNER

Ended

Eddy Georges

Director · since 01 mars 2021

Ended

Patrice Baudoin

Director · since 01 mars 2021

Ended

Claude Gérard

Managing director · since 19 juin 2020 · until 01 mars 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring08/11/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring01/09/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other28/09/2010
A l'unanimité de:
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 2025131,2 k €↓
2024
Annual accounts 2024303,6 k €↑
2023
Annual accounts 202339,4 k €↓
2022
Annual accounts 2022733,4 k €↓
2021
Annual accounts 20215,7 M €↑
2018
Annual accounts 2018785,6 k €↑
2017
Annual accounts 2017336,1 k €↓
2016
Annual accounts 2016460,5 k €↑
2015
Annual accounts 2015447,2 k €↑
2014
Annual accounts 2014427 k €↓
2013
Annual accounts 2013567,3 k €↑
2012
Annual accounts 2012298,4 k €↑
2011
Annual accounts 2011232,7 k €↑
2010
Annual accounts 2010187,2 k €↑
2009
Annual accounts 200985,8 k €↓
2008
Annual accounts 2008316,2 k €↓
2007
Annual accounts 2007406,8 k €↑
2006
Annual accounts 2006277 k €
01/01/1973
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

GERARD - GORSE

Overview

What does GERARD - GORSE do?

Trend over 18 financial years

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