ACTIVE

GERWIN

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Financial year 2025 · closed on 31/12/2025

Net result

8,7 k €

+105.8% YoY

Gross margin

10,8 k €

-33.8% YoY

Equity

446,7 k €

+2.0% YoY

What does GERWIN do?

GERWIN is a Private company with limited liability incorporated in 1988. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.348.866

Incorporation

14/09/1988

Legal form

Private company with limited liability

Registered office

Mercatorstraat 77
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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	10,8 k €	-33.8%	16,3 k €	+18.2%	13,8 k €	-14.2%	16,1 k €	+105%	7,9 k €	-62.3%	20,9 k €	-13.9%	24,3 k €	-17.4%	29,4 k €	+8.9%	27 k €	+11.1%	24,3 k €	-18.3%	29,7 k €	+6.6%	27,9 k €	+90.1%	14,7 k €	-4.0%	15,3 k €	-16.9%	18,4 k €	-6.8%	19,7 k €	+64.4%	12 k €	+58.0%	7,6 k €
EBITDA	6,7 k €	-45.5%	12,4 k €	+23.7%	10 k €	-20.8%	12,6 k €	+182%	4,5 k €	-70.1%	15 k €	-18.6%	18,4 k €	-23.2%	23,9 k €	+11.0%	21,6 k €	+14.2%	18,9 k €	-23.1%	24,6 k €	+7.4%	22,9 k €	+133%	9,8 k €	-6.7%	10,5 k €	-22.8%	13,7 k €	-10.1%	15,2 k €	+111%	7,2 k €	+159%	-12,1 k €
Operating result	1,7 k €	+101%	-159,2 k €	-3150%	5,2 k €	-33.4%	7,8 k €	+2635%	-309,3 €	-103%	10,2 k €	-25.4%	13,6 k €	-29.0%	19,2 k €	+22.3%	15,7 k €	+20.6%	13 k €	-30.1%	18,6 k €	+11.7%	16,7 k €	+436%	3,1 k €	-9.4%	3,4 k €	-47.5%	6,5 k €	+88.2%	3,5 k €	+157%	-6,1 k €	-161%	-2,3 k €
Net result	8,7 k €	+106%	-149,9 k €	-1133%	14,5 k €	-11.6%	16,4 k €	+105%	8 k €	-90.8%	87,5 k €	+227%	26,8 k €	-12.1%	30,5 k €	+4.3%	29,2 k €	+61.6%	18,1 k €	-24.4%	23,9 k €	+12.8%	21,2 k €	+6.8%	19,9 k €	-59.0%	48,4 k €	+202%	16 k €	-13.5%	18,5 k €	+1286%	1,3 k €	-99.5%	253,7 k €
Balance sheet
Equity	446,7 k €	+2.0%	438 k €	-25.5%	587,9 k €	+2.5%	573,4 k €	+2.9%	557 k €	+13.5%	490,6 k €	+21.7%	403 k €	+7.1%	376,3 k €	+8.8%	345,8 k €	+9.2%	316,6 k €	+6.1%	298,5 k €	+8.7%	274,6 k €	+8.4%	253,4 k €	-38.9%	415 k €	+13.2%	366,6 k €	+4.6%	350,6 k €	+5.6%	332,2 k €	+0.4%	330,8 k €
Total assets	447,5 k €	+1.7%	439,8 k €	-32.3%	649,4 k €	+4.2%	623 k €	+3.1%	604 k €	+10.5%	546,6 k €	+29.0%	423,9 k €	+5.2%	402,9 k €	+10.5%	364,7 k €	+9.7%	332,4 k €	+7.9%	308,2 k €	+7.6%	286,4 k €	+10.3%	259,7 k €	-48.9%	508,3 k €	+2.3%	496,8 k €	-12.5%	568 k €	-3.1%	586,1 k €	-3.2%	605,5 k €
Cash	3 k €	-57.2%	6,9 k €	-54.8%	15,4 k €	+311%	3,7 k €	+52.1%	2,5 k €	-96.6%	71,8 k €	+3692%	1,9 k €	+48.4%	1,3 k €	-58.8%	3,1 k €	+1477%	196,2 €	-92.7%	2,7 k €	+33.4%	2 k €	-72.5%	7,3 k €	-5.0%	7,7 k €	+433%	1,4 k €	-1.2%	1,5 k €	-54.8%	3,2 k €	-76.9%	14,1 k €
Debts	774,1 €	-56.0%	1,8 k €	-97.1%	61,5 k €	+24.0%	49,6 k €	+5.6%	47 k €	-16.2%	56,1 k €	+169%	20,8 k €	-21.8%	26,6 k €	+40.7%	18,9 k €	+19.5%	15,8 k €	+63.3%	9,7 k €	-18.0%	11,8 k €	+87.8%	6,3 k €	-93.2%	93,3 k €		–		79,1 k €	-36.1%	123,7 k €	-14.4%	144,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Géry Hemelaer

Director

Active

Ended mandates

Géry Hemelaer

Director · since 16 juillet 2020

Ended

Frieda Mertens

Mandate · since 30 mars 2011

Ended

Frieda Mertens

Director · since 30 mars 2011

Ended

Frieda Mertens

Manager · since 30 mars 2011

Ended

At this address

Other companies at this address

Company	CBE no.
APPRETTEX● Active	0477.281.471
GRUPPO MODA● Active	0451.144.723
Hopland Outlet● Active	0421.713.834
SATRA HOLDING● Active	0439.349.820

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	13/07/2026	02/07/2025	11/07/2024	11/08/2023	05/07/2022	27/07/2021
General meeting	26/06/2026	23/06/2025	30/06/2024	28/06/2023	29/06/2022	30/06/2021
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	26/06/2026	13/07/2026	Dutch	PDF
Micro model	31/12/2024	23/06/2025	02/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	11/07/2024	Dutch	PDF
Micro model	31/12/2022	28/06/2023	11/08/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	05/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Micro model	31/12/2019	28/08/2020	10/09/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	06/08/2018	13/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/03/2011	31/03/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/08/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 13 ended

Active mandates

Géry Hemelaer

Director

Active

Ended mandates

Géry Hemelaer

Director · since 16 juillet 2020

Ended

Frieda Mertens

Mandate · since 30 mars 2011

Ended

Frieda Mertens

Director · since 30 mars 2011

Ended

Frieda Mertens

Manager · since 30 mars 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/06/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates09/08/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/07/2006
MAATSCHAPPELIJKE ZETEL
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 20258,7 k €↑
2024
Annual accounts 2024-149,9 k €↓
2023
Annual accounts 202314,5 k €↓
2022
Annual accounts 202216,4 k €↑
2021
Annual accounts 20218 k €↓
2018
Annual accounts 201887,5 k €↑
2017
Annual accounts 201726,8 k €↓
2016
Annual accounts 201630,5 k €↑
2015
Annual accounts 201529,2 k €↑
2014
Annual accounts 201418,1 k €↓
2013
Annual accounts 201323,9 k €↑
2012
Annual accounts 201221,2 k €↑
2011
Annual accounts 201119,9 k €↓
2010
Annual accounts 201048,4 k €↑
2009
Annual accounts 200916 k €↓
2008
Annual accounts 200818,5 k €↑
2007
Annual accounts 20071,3 k €↓
2006
Annual accounts 2006253,7 k €
14/09/1988
IncorporationPrivate company with limited liability

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

GERWIN

Overview

What does GERWIN 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