ACTIVE

GRUSENMEYER

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Financial year 2025 · closed on 31/12/2025

Net result

37,4 k €

-23.4% YoY

Gross margin

452,8 k €

-15.3% YoY

Equity

811,8 k €

+4.8% YoY

Workforce

4,3 ETP

-12.2% YoY

What does GRUSENMEYER do?

GRUSENMEYER is a Public limited company incorporated in 1975. Its registered office is in Deinze. It employs on average 4,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.700.923

Incorporation

24/12/1975

Legal form

Public limited company

Registered office

Louis Dhontstraat 2
9800 Deinze · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

4,3 ETP

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	452,8 k €	-15.3%	534,8 k €	-3.8%	555,8 k €	-5.1%	585,6 k €	+108%	281,3 k €	+41.4%	199 k €	-58.3%	477,2 k €	+19.3%	400,1 k €	-1.4%	405,7 k €	-37.4%	647,6 k €	-8.0%	703,6 k €	+34.3%	524,1 k €	-42.4%	909,2 k €	+13.3%	802,4 k €	-24.4%	1,1 M €	+10.5%	960,6 k €	+44.0%	667 k €	-7.5%	721,4 k €	-25.0%	962,4 k €	+21.5%	791,9 k €
EBITDA	186 k €	-27.0%	254,8 k €	-13.0%	292,8 k €	+0.0%	292,7 k €	+506%	48,3 k €	+702%	6 k €	-95.9%	147,6 k €	+79.5%	82,2 k €	-29.7%	117 k €	-66.1%	344,7 k €	-8.7%	377,4 k €	+284%	98,2 k €	-77.3%	432,7 k €	+114%	202,1 k €	-57.6%	476,7 k €	+13.5%	419,9 k €	+74.6%	240,5 k €	-12.6%	275,1 k €	-47.3%	521,9 k €	+44.7%	360,8 k €
Operating result	49,7 k €	-43.3%	87,7 k €	-30.3%	125,8 k €	-6.1%	133,9 k €	+6.2%	126,1 k €	+160%	-211,5 k €	-2156%	-9,4 k €	-157%	16,5 k €	+136%	-45,6 k €	-141%	111,3 k €	+734%	13,3 k €	-83.0%	78,6 k €	-46.9%	148 k €	+508%	24,3 k €	-58.7%	59 k €	-64.0%	163,6 k €	-7.8%	177,5 k €	+7.6%	165,1 k €	-63.5%	451,7 k €	+94.4%	232,4 k €
Net result	37,4 k €	-23.4%	48,8 k €	-51.5%	100,7 k €	-14.2%	117,4 k €	+52.0%	77,2 k €	+140%	-190,8 k €	-1227%	-14,4 k €	-327%	6,3 k €	+110%	-64,3 k €	-206%	60,6 k €	+567%	-13 k €	-135%	36,9 k €	-61.8%	96,4 k €	+467%	-26,3 k €	-4.8%	-25,1 k €	-161%	41,4 k €	-49.3%	81,7 k €	-0.8%	82,4 k €	-70.0%	274,7 k €	+121%	124,5 k €
Balance sheet
Equity	811,8 k €	+4.8%	774,4 k €	+6.7%	725,5 k €	+16.1%	624,8 k €	+23.1%	507,5 k €	-41.0%	860,5 k €	-18.1%	1,1 M €	-1.3%	1,1 M €	+0.6%	1,1 M €	-5.7%	1,1 M €	+5.7%	1,1 M €	-1.2%	1,1 M €	+3.5%	1 M €	+10.2%	942,8 k €	-2.7%	969,1 k €	-2.5%	994,2 k €	+4.3%	952,7 k €	+9.4%	871,1 k €	+10.4%	788,7 k €	+53.4%	514 k €
Total assets	1,4 M €	-0.6%	1,4 M €	-7.2%	1,5 M €	+7.0%	1,4 M €	+9.2%	1,3 M €	-37.7%	2,1 M €	+16.3%	1,8 M €	-8.8%	2 M €	-7.1%	2,2 M €	-13.4%	2,5 M €	-7.6%	2,7 M €	-7.9%	2,9 M €	-7.1%	3,2 M €	-0.8%	3,2 M €	-8.0%	3,5 M €	-2.5%	3,5 M €	+35.0%	2,6 M €	+2.8%	2,6 M €	+21.2%	2,1 M €	+13.9%	1,8 M €
Cash	283,3 k €	-7.7%	306,9 k €	-27.3%	422,3 k €	+50.8%	280,1 k €	+0.0%	280 k €	+13.7%	246,2 k €	+57.5%	156,4 k €	-21.7%	199,7 k €	+8.2%	184,6 k €	-46.6%	345,7 k €	-33.5%	519,9 k €	+18.6%	438,2 k €	-19.9%	546,9 k €	+27.8%	428 k €	-12.9%	491,2 k €	+45.4%	337,7 k €	-20.4%	424,4 k €	+214%	135 k €	+41.8%	95,3 k €	-41.6%	163 k €
Debts	480,8 k €	-11.8%	545 k €	-21.6%	695,3 k €	-3.4%	719,5 k €	-0.8%	725,3 k €	-38.8%	1,2 M €	+77.7%	666,6 k €	-19.0%	822,7 k €	-16.2%	981,2 k €	-20.5%	1,2 M €	-17.6%	1,5 M €	-12.5%	1,7 M €	-19.0%	2,1 M €	-5.5%	2,2 M €	-10.1%	2,5 M €	-2.5%	2,6 M €	+52.6%	1,7 M €	-0.6%	1,7 M €	+27.7%	1,3 M €	-1.3%	1,3 M €
Other
Workforce	4,3 ETP	-12.2%	4,9 ETP	+6.5%	4,6 ETP	-22.0%	5,9 ETP	+3.5%	5,7 ETP	-5.0%	6,0 ETP	-10.4%	6,7 ETP	-16.2%	8,0 ETP	-10.1%	8,9 ETP	+2.3%	8,7 ETP	-10.3%	9,7 ETP	-22.4%	12,5 ETP	-7.4%	13,5 ETP	-20.6%	17,0 ETP	-9.1%	18,7 ETP	+12.0%	16,7 ETP	+30.5%	12,8 ETP	-13.5%	14,8 ETP	-2.6%	15,2 ETP	-4.4%	15,9 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 · 12 ended

Active mandates

LINI INVEST

Director · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Active

Ended mandates

LINI INVEST

Mandate · since 07 septembre 2011 · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Ended

VERSO-INVEST

Mandate · since 07 septembre 2011 · until 31 mai 2016 · 0465.780.142

Represented by Sofie VERZELE

Ended

LINI INVEST

Mandate · since 31 mai 2010 · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Ended

VERSO-INVEST

Mandate · since 31 mai 2010 · until 31 mai 2016 · 0465.780.142

Represented by Sofie Verzele

Ended

At this address

Other companies at this address

Company	CBE no.
GRULINVER● Active	0893.658.921
LINI INVEST● Active	0465.780.241

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	03/07/2026	11/07/2025	25/06/2024	31/08/2023	02/07/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	31/05/2024	30/06/2023	14/05/2022	15/05/2021
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	26/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	02/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	18/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	28/08/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	19/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	20/06/2007	Dutch	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 · 12 ended

Active mandates

LINI INVEST

Director · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Active

Ended mandates

LINI INVEST

Mandate · since 07 septembre 2011 · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Ended

VERSO-INVEST

Mandate · since 07 septembre 2011 · until 31 mai 2016 · 0465.780.142

Represented by Sofie VERZELE

Ended

LINI INVEST

Mandate · since 31 mai 2010 · until 31 mai 2016 · 0465.780.241

Represented by Lieven Verzele

Ended

VERSO-INVEST

Mandate · since 31 mai 2010 · until 31 mai 2016 · 0465.780.142

Represented by Sofie Verzele

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring30/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/02/2012
KAPITAAL - AANDELEN
PDF
Mandates18/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/09/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/10/2004
ONTSLAGEN - BENOEMINGEN
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 202537,4 k €↓
2024
Annual accounts 202448,8 k €↓
2023
Annual accounts 2023100,7 k €↓
2022
Annual accounts 2022117,4 k €↑
2021
Annual accounts 202177,2 k €↑
2020
Annual accounts 2020-190,8 k €↓
2019
Annual accounts 2019-14,4 k €↓
2018
Annual accounts 20186,3 k €↑
2017
Annual accounts 2017-64,3 k €↓
2016
Annual accounts 201660,6 k €↑
2015
Annual accounts 2015-13 k €↓
2014
Annual accounts 201436,9 k €↓
2013
Annual accounts 201396,4 k €↑
2012
Annual accounts 2012-26,3 k €↓
2011
Annual accounts 2011-25,1 k €↓
2010
Annual accounts 201041,4 k €↓
2009
Annual accounts 200981,7 k €↓
2008
Annual accounts 200882,4 k €↓
2007
Annual accounts 2007274,7 k €↑
2006
Annual accounts 2006124,5 k €
24/12/1975
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

GRUSENMEYER

Overview

What does GRUSENMEYER do?

Trend over 20 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