NORMAL SITUATION

GERNEL

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Financial year 2023 · closed on 31/12/2023

Net result

-54,8 k €

-103.9% YoY

Revenue

0 €

-100.0% YoY

Equity

42,6 M €

-0.1% YoY

Workforce

0,5 ETP

-91.1% YoY

Company — Normal situation.

What does GERNEL do?

GERNEL is a company registered in Belgium. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.002.602

Legal form

Public limited company

Contributed capital

18 658 000,00 €

Latest accounts

31/12/2023

Average workforce

0,5 ETP

Joint committees (1)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	0 €	-100%	2,9 M €	-3.1%	3 M €	-6.1%	3,2 M €	-9.0%	3,5 M €	+1.1%	3,4 M €	+2.6%	3,3 M €	-4.1%	3,5 M €	+4.3%	3,3 M €	+4.0%	3,2 M €	-2.1%	3,3 M €	-0.7%	3,3 M €	-2.1%	3,4 M €	+3.2%	3,3 M €	+7.0%	3,1 M €	+0.0%	3,1 M €	+3.4%	3 M €	-4.7%	3,1 M €
EBITDA	-378 k €	-117%	2,2 M €	+12.6%	1,9 M €	-3.9%	2 M €	-10.8%	2,3 M €	+17.0%	1,9 M €	-2.9%	2 M €	-7.1%	2,1 M €	+11.5%	1,9 M €	+5.4%	1,8 M €	-5.4%	1,9 M €	-0.3%	1,9 M €	+3.7%	1,9 M €	-4.7%	2 M €	+7.5%	1,8 M €	+22.0%	1,5 M €	+7.2%	1,4 M €	+10.1%	1,3 M €
Operating result	-378 k €	-117%	2,2 M €	+12.6%	1,9 M €	-3.9%	2 M €	-10.8%	2,3 M €	+17.0%	1,9 M €	-2.9%	2 M €	-7.1%	2,1 M €	+11.5%	1,9 M €	+5.4%	1,8 M €	-5.4%	1,9 M €	-0.3%	1,9 M €	+3.7%	1,9 M €	-4.7%	2 M €	+7.5%	1,8 M €	+22.0%	1,5 M €	+7.2%	1,4 M €	+10.1%	1,3 M €
Net result	-54,8 k €	-104%	1,4 M €	-23.3%	1,8 M €	-16.2%	2,2 M €	+0.4%	2,2 M €	+64.1%	1,3 M €	-32.3%	2 M €	-13.8%	2,3 M €	-18.9%	2,8 M €	-7.4%	3 M €	+6.2%	2,9 M €	+19.3%	2,4 M €	+4.7%	2,3 M €	+3.3%	2,2 M €	-16.7%	2,7 M €	+24.8%	2,1 M €	-24.5%	2,8 M €	+24.0%	2,3 M €
Balance sheet
Equity	42,6 M €	-0.1%	42,7 M €	+0.3%	42,6 M €	+1.3%	42 M €	+2.2%	41,1 M €	+2.2%	40,2 M €	-2.1%	41,1 M €	+1.9%	40,4 M €	+2.7%	39,3 M €	+4.5%	37,6 M €	+7.7%	34,9 M €	+8.0%	32,3 M €	+1.2%	31,9 M €	+2.5%	31,2 M €	+2.3%	30,5 M €	+3.9%	29,3 M €	-1.3%	29,7 M €	+1.0%	29,4 M €
Total assets	42,9 M €	-51.0%	87,5 M €	+36.7%	64 M €	+2.0%	62,7 M €	+13.2%	55,4 M €	-17.3%	67 M €	-8.3%	73,1 M €	+10.6%	66,1 M €	-16.6%	79,2 M €	+13.6%	69,7 M €	-11.5%	78,8 M €	-15.5%	93,3 M €	-11.0%	104,8 M €	-7.4%	113,2 M €	+5.5%	107,3 M €	+1.5%	105,7 M €	-2.2%	108 M €	-10.4%	120,5 M €
Cash	7,2 M €	-49.0%	14,2 M €	-45.7%	26,1 M €	-10.7%	29,2 M €	+91.8%	15,2 M €	-47.7%	29,1 M €	-7.8%	31,6 M €	+16.9%	27 M €	-38.9%	44,3 M €	+47.8%	29,9 M €	-28.4%	41,8 M €	-4.0%	43,5 M €	-26.3%	59,1 M €	-2.2%	60,4 M €	+14.3%	52,8 M €	-11.6%	59,7 M €	+8.8%	54,9 M €	-23.1%	71,4 M €
Debts	140,1 k €	-99.7%	44,5 M €	+110%	21,2 M €	+3.2%	20,6 M €	+46.5%	14 M €	-47.4%	26,7 M €	-16.2%	31,9 M €	+25.0%	25,5 M €	-36.0%	39,9 M €	+24.3%	32,1 M €	-26.8%	43,9 M €	-28.0%	61 M €	-16.2%	72,7 M €	-11.3%	82 M €	+6.8%	76,8 M €	+0.9%	76,1 M €	-2.4%	78 M €	-14.2%	90,9 M €
Other
Workforce	0,5 ETP	-91.1%	5,6 ETP	-27.3%	7,7 ETP	-15.4%	9,1 ETP	-20.2%	11,4 ETP	-18.6%	14,0 ETP	-13.0%	16,1 ETP	+10.3%	14,6 ETP	-6.4%	15,6 ETP	+9.1%	14,3 ETP	-0.7%	14,4 ETP	-1.4%	14,6 ETP	-3.9%	15,2 ETP	+21.6%	12,5 ETP	-0.8%	12,6 ETP	-3.8%	13,1 ETP	-4.4%	13,7 ETP	-10.5%	15,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 23 ended

Active mandates

BUZZ MANAGEMENT

Director · since 03 août 2023 · until 14 juin 2029 · 0893.648.825

Represented by Eric Mestdagh

Active

C.A.I.

Director · since 04 novembre 2022 · until 08 juin 2028 · 0427.151.772

Represented by Carl Mestdagh

Active

Germain MESTDAGH

Managing director · since 04 novembre 2022 · until 03 août 2023

Active

M.J.C.M.

Director · since 04 novembre 2022 · until 08 juin 2028 · 0893.660.208

Represented by John Mestdagh

Active

Ended mandates

Germain MESTDAGH

Managing director · since 04 novembre 2022 · until 08 juin 2028

Ended

C.A.I.

Director · since 11 juin 2020 · until 11 juin 2026 · 0427.151.772

Represented by Carl Mestdagh

Ended

Germain MESTDAGH

Managing director · since 11 juin 2020 · until 11 juin 2023

Ended

M.J.C.M.

Director · since 13 juin 2019 · until 13 juin 2025 · 0893.660.208

Represented by John Mestdagh

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2024	23/06/2023	30/06/2022	15/06/2021	02/07/2020	19/06/2019
General meeting	13/06/2024	08/06/2023	09/06/2022	10/06/2021	11/06/2020	13/06/2019
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

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	13/06/2024	17/06/2024	French	PDF
Full model	31/12/2022	08/06/2023	23/06/2023	French	PDF
Full model	31/12/2021	09/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	10/06/2021	15/06/2021	French	PDF
Full model	31/12/2019	11/06/2020	02/07/2020	French	PDF
Full model	31/12/2018	13/06/2019	19/06/2019	French	PDF
Full model	31/12/2017	14/06/2018	11/07/2018	French	PDF
Full model	31/12/2016	08/06/2017	22/06/2017	French	PDF
Full model	31/12/2015	09/06/2016	29/06/2016	French	PDF
Full model	31/12/2014	11/06/2015	23/06/2015	French	PDF
Full model	31/12/2013	12/06/2014	19/06/2014	French	PDF
Full model	31/12/2012	13/06/2013	25/06/2013	French	PDF
Full model	31/12/2011	14/06/2012	11/07/2012	French	PDF
Full model	31/12/2010	09/06/2011	20/06/2011	French	PDF
Full model	31/12/2009	10/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	11/06/2009	01/07/2009	French	PDF
Full model	31/12/2007	12/06/2008	01/07/2008	French	PDF
Full model	31/12/2006	14/06/2007	10/07/2007	French	PDF
Full model	31/12/2005	08/06/2006	21/06/2006	French	PDF
Full model	31/12/2004	09/06/2005	15/07/2005	French	PDF
Full model	31/12/2003	10/06/2004	01/07/2004	French	PDF
Full model	31/12/2002	12/06/2003	25/06/2003	French	PDF
Full model	31/12/2001	13/06/2002	11/07/2002	French	PDF
Full model	31/12/2000	14/06/2001	05/07/2001	French	PDF

View all 38 filings

Estimate

Indicative valuation

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 31/12/2023 · 4 active · 23 ended

Active mandates

BUZZ MANAGEMENT

Director · since 03 août 2023 · until 14 juin 2029 · 0893.648.825

Represented by Eric Mestdagh

Active

C.A.I.

Director · since 04 novembre 2022 · until 08 juin 2028 · 0427.151.772

Represented by Carl Mestdagh

Active

Germain MESTDAGH

Managing director · since 04 novembre 2022 · until 03 août 2023

Active

M.J.C.M.

Director · since 04 novembre 2022 · until 08 juin 2028 · 0893.660.208

Represented by John Mestdagh

Active

Ended mandates

Germain MESTDAGH

Managing director · since 04 novembre 2022 · until 08 juin 2028

Ended

C.A.I.

Director · since 11 juin 2020 · until 11 juin 2026 · 0427.151.772

Represented by Carl Mestdagh

Ended

Germain MESTDAGH

Managing director · since 11 juin 2020 · until 11 juin 2023

Ended

M.J.C.M.

Director · since 13 juin 2019 · until 13 juin 2025 · 0893.660.208

Represented by John Mestdagh

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 2023-54,8 k €↓
2022
Annual accounts 20221,4 M €↓
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 20181,3 M €↓
2017
Annual accounts 20172 M €↓
2016
Annual accounts 20162,3 M €↓
2015
Annual accounts 20152,8 M €↓
2014
Annual accounts 20143 M €↑
2013
Annual accounts 20132,9 M €↑
2012
Annual accounts 20122,4 M €↑
2011
Annual accounts 20112,3 M €↑
2010
Annual accounts 20102,2 M €↓
2009
Annual accounts 20092,7 M €↑
2008
Annual accounts 20082,1 M €↓
2007
Annual accounts 20072,8 M €↑
2006
Annual accounts 20062,3 M €

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

GERNEL

Overview

What does GERNEL do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline