ACTIVE

Gerlin

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Financial year 2025 · closed on 31/12/2025

Net result

274,6 k €

+16.3% YoY

Gross margin

890,1 k €

+5.6% YoY

Equity

1,5 M €

+9.1% YoY

Workforce

7,0 ETP

0.0% YoY

What does Gerlin do?

Gerlin is a Public limited company incorporated in 1976. Its registered office is in Ichtegem. It employs on average 7,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.051.806

Incorporation

04/02/1976

Legal form

Public limited company

Registered office

Zeemeeuwstraat(FICH) 27
8480 Ichtegem · FlandreSee on map

Contributed capital

700 000,00 €

Latest accounts

31/12/2025

Average workforce

7,0 ETP

Joint committees (3)

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 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	890,1 k €	+5.6%	843 k €	-0.7%	848,9 k €	+21.7%	697,5 k €	+29.2%	539,9 k €	+21.8%	443,4 k €	-0.6%	446,3 k €	-20.7%	563 k €	+154%	222 k €	-6.4%	237,2 k €	+192%	81,2 k €	-60.0%	203,1 k €	+232%	61,1 k €	-45.4%	112 k €	+80.2%	62,1 k €	+191%	-68,5 k €	-123%	298,1 k €	+0.6%	296,4 k €
EBITDA	463,2 k €	+28.3%	360,9 k €	+13.4%	318,4 k €	+2.0%	312 k €	+87.4%	166,5 k €	+33.3%	124,9 k €	-6.6%	133,8 k €	-21.3%	170 k €	-5.2%	179,4 k €	+514%	-43,3 k €	+71.1%	-149,9 k €	-192%	162,7 k €	+877%	16,6 k €	+104%	-416,9 k €	-1164%	-33 k €	+81.7%	-179,9 k €	-194%	190,5 k €	+194%	-203 k €
Operating result	416,3 k €	+8.5%	383,8 k €	+9.0%	352,3 k €	+33.6%	263,7 k €	+54.5%	170,7 k €	+107%	82,5 k €	-25.6%	110,8 k €	-31.6%	162,1 k €	+143%	66,6 k €	-63.1%	180,5 k €	+328%	-79,2 k €	-195%	83,4 k €	+494%	14 k €	+244%	-9,7 k €	+71.8%	-34,5 k €	+89.8%	-339,3 k €	-565%	73 k €	+149%	-148,8 k €
Net result	274,6 k €	+16.3%	236,1 k €	+8.9%	216,7 k €	+31.5%	164,8 k €	+91.2%	86,2 k €	+126%	38,2 k €	-28.9%	53,7 k €	-38.9%	87,9 k €	+183%	31,1 k €	-81.0%	164 k €	+251%	-108,6 k €	-233%	81,4 k €	+290%	20,9 k €	+86.4%	11,2 k €	+67.2%	6,7 k €	-98.9%	626,7 k €	+12075%	-5,2 k €	+97.0%	-176,4 k €
Balance sheet
Equity	1,5 M €	+9.1%	1,4 M €	+6.7%	1,3 M €	+5.5%	1,2 M €	+1.2%	1,2 M €	+11.1%	1,1 M €	+3.7%	1 M €	+5.4%	986,7 k €	+9.8%	898,8 k €	+3.6%	867,7 k €	+23.3%	703,7 k €	-13.4%	812,3 k €	+11.1%	730,9 k €	+2.9%	710 k €	+1.6%	698,8 k €	+1.0%	692,1 k €	+959%	65,4 k €	-7.4%	70,6 k €
Total assets	2,2 M €	-11.0%	2,4 M €	-15.7%	2,9 M €	+38.5%	2,1 M €	+38.9%	1,5 M €	+13.7%	1,3 M €	+3.0%	1,3 M €	-9.3%	1,4 M €	+21.6%	1,2 M €	-1.4%	1,2 M €	+28.8%	910,4 k €	-9.7%	1 M €	+13.7%	886,5 k €	-21.8%	1,1 M €	-31.6%	1,7 M €	+35.6%	1,2 M €	-31.5%	1,8 M €	-24.3%	2,4 M €
Cash	1,4 M €	+28.5%	1,1 M €	+23.4%	863,8 k €	+299%	216,4 k €	+84.1%	117,5 k €	+27.7%	92 k €	-75.2%	371,5 k €	-29.2%	525 k €	-1.3%	531,7 k €	+5.2%	505,5 k €	+123%	226,9 k €	+159%	87,6 k €	+51.9%	57,7 k €	+60.1%	36 k €	-29.3%	51 k €	-39.4%	84,2 k €	-0.3%	84,5 k €	+55.5%	54,3 k €
Debts	667,7 k €	-36.9%	1,1 M €	-33.7%	1,6 M €	+84.8%	863,2 k €	+191%	296,2 k €	+26.0%	235,1 k €	-0.2%	235,5 k €	-26.3%	319,5 k €	+24.3%	257,1 k €	-15.5%	304,4 k €	+47.5%	206,4 k €	+6.0%	194,7 k €	+25.3%	155,4 k €	-63.4%	423,9 k €	-55.2%	945,6 k €	+77.9%	531,5 k €	-68.9%	1,7 M €	-25.3%	2,3 M €
Other
Workforce	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	-11.4%	7,9 ETP	+690%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-59.3%	2,7 ETP	-3.6%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	-37.5%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Kristof Hindryckx

Bestuurder · since 17 février 2022 · until 17 février 2028

Active

Marnix Roelens

Bestuurder · since 17 février 2022 · until 17 février 2028

Active

MODUCO

Bestuurder · since 17 février 2022 · until 17 février 2028 · 0664.865.021

Represented by Christian Dupulthys

Active

Ended mandates

Kristof Hindryckx

Bestuurder · since 02 mai 2020 · until 05 juin 2028

Ended

Kristof Hindryckx

Director · since 02 mai 2020 · until 01 juin 2026

Ended

Marnix Roelens

Bestuurder · since 02 mai 2020 · until 05 juin 2028

Ended

Marnix Roelens

Director · since 02 mai 2020 · until 01 juin 2026

Ended

At this address

Other companies at this address

Company	CBE no.
DURMO● Active	0405.124.557
MODUCO● Active	0664.865.021
Modulux● Active	0679.761.449

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	13/07/2026	21/07/2025	21/08/2024	29/07/2023	29/07/2022	20/07/2021
General meeting	10/07/2026	18/07/2025	20/08/2024	28/07/2023	29/07/2022	19/07/2021
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	10/07/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	18/07/2025	21/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/08/2024	21/08/2024	Dutch	PDF
Abridged model	31/12/2022	28/07/2023	29/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/07/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/07/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/07/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	16/07/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/07/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/07/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 3 active · 20 ended

Active mandates

Kristof Hindryckx

Bestuurder · since 17 février 2022 · until 17 février 2028

Active

Marnix Roelens

Bestuurder · since 17 février 2022 · until 17 février 2028

Active

MODUCO

Bestuurder · since 17 février 2022 · until 17 février 2028 · 0664.865.021

Represented by Christian Dupulthys

Active

Ended mandates

Kristof Hindryckx

Bestuurder · since 02 mai 2020 · until 05 juin 2028

Ended

Kristof Hindryckx

Director · since 02 mai 2020 · until 01 juin 2026

Ended

Marnix Roelens

Bestuurder · since 02 mai 2020 · until 05 juin 2028

Ended

Marnix Roelens

Director · since 02 mai 2020 · until 01 juin 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2006
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 2025274,6 k €↑
2024
Annual accounts 2024236,1 k €↑
2023
Annual accounts 2023216,7 k €↑
2022
Annual accounts 2022164,8 k €↑
2021
Annual accounts 202186,2 k €↑
2018
Annual accounts 201838,2 k €↓
2017
Annual accounts 201753,7 k €↓
2016
Annual accounts 201687,9 k €↑
2015
Annual accounts 201531,1 k €↓
2014
Annual accounts 2014164 k €↑
2013
Annual accounts 2013-108,6 k €↓
2012
Annual accounts 201281,4 k €↑
2011
Annual accounts 201120,9 k €↑
2010
Annual accounts 201011,2 k €↑
2009
Annual accounts 20096,7 k €↓
2008
Annual accounts 2008626,7 k €↑
2007
Annual accounts 2007-5,2 k €↑
2006
Annual accounts 2006-176,4 k €
04/02/1976
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

Gerlin

Overview

What does Gerlin 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