ACTIVE

GERNIM

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Financial year 2025 · closed on 31/12/2025

Net result

2,5 M €

+485.0% YoY

Gross margin

789,7 k €

+88.0% YoY

Equity

10,4 M €

+30.2% YoY

What does GERNIM do?

GERNIM is a Public limited company incorporated in 1989. Its main activity is: Activities of holding companies. Its registered office is in Rochefort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.809.608

Incorporation

21/02/1989

Legal form

Public limited company

Registered office

Rue de France 80
5580 Rochefort · WallonieSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	789,7 k €	+88.0%	420,1 k €	+132%	181,4 k €	-65.9%	531,2 k €	-45.4%	973,4 k €	+3510%	27 k €	-98.5%	1,8 M €	+615%	-358,6 k €	-230%	275,5 k €	+144%	113 k €	-82.2%	633,7 k €	+197%	213,6 k €	-64.7%	604,2 k €	-2.3%	618,5 k €	+163%	235,4 k €	-2.2%	240,7 k €	-66.8%	725,7 k €	-21.6%	925,9 k €	+71.4%	540,1 k €	+0.6%	537,1 k €
EBITDA	757,9 k €	+94.4%	389,8 k €	+155%	153 k €	-69.6%	502,9 k €	-46.7%	942,7 k €	+9017%	-10,6 k €	-100%	2,8 M €	+788%	-400,2 k €	-1127%	-32,6 k €	-143%	75,5 k €	-79.3%	364,8 k €	+188%	126,4 k €	-75.4%	514,3 k €	+257%	143,9 k €	+10.4%	130,4 k €	-37.5%	208,5 k €	-45.2%	380,3 k €	-58.1%	907 k €	+173%	331,6 k €	-34.6%	507,2 k €
Operating result	539,4 k €	+56.8%	344 k €	+180%	122,8 k €	-74.9%	489 k €	-36.3%	767,6 k €	+2530%	-31,6 k €	-101%	2,7 M €	+761%	-412,7 k €	-739%	-49,2 k €	-204%	47,3 k €	-84.1%	297,9 k €	+310%	72,7 k €	-83.8%	448,5 k €	+562%	67,8 k €	+30.9%	51,8 k €	+149%	20,8 k €	-93.2%	305,3 k €	-62.6%	816,1 k €	+233%	244,8 k €	-47.1%	462,7 k €
Net result	2,5 M €	+485%	420,4 k €	+75.0%	240,3 k €	-77.9%	1,1 M €	+258%	304,1 k €	-60.5%	769,6 k €	-59.0%	1,9 M €	+266%	512,3 k €	+313%	124,2 k €	-39.2%	204,2 k €	+23.9%	164,8 k €	-84.2%	1 M €	+6526%	-16,2 k €	-144%	37,3 k €	-80.5%	191,2 k €	+183%	67,5 k €	-76.8%	291,2 k €	-56.8%	674,8 k €	+364%	-256 k €	-53.0%	-167,3 k €
Balance sheet
Equity	10,4 M €	+30.2%	8 M €	+5.5%	7,6 M €	+3.3%	7,3 M €	+17.4%	6,3 M €	+5.1%	5,9 M €	+14.9%	5,2 M €	+56.9%	3,3 M €	+18.4%	2,8 M €	-24.9%	3,7 M €	+5.8%	3,5 M €	+4.9%	3,3 M €	+45.3%	2,3 M €	-0.7%	2,3 M €	+1.6%	2,3 M €	+9.2%	2,1 M €	+3.3%	2 M €	+16.8%	1,7 M €	+4.5%	1,7 M €	-21.6%	2,1 M €
Total assets	13,9 M €	+21.2%	11,5 M €	+3.4%	11,1 M €	+3.9%	10,7 M €	+8.6%	9,9 M €	-6.8%	10,6 M €	+2.1%	10,4 M €	+4.2%	9,9 M €	+2.2%	9,7 M €	+30.0%	7,5 M €	+6.8%	7 M €	+5.1%	6,7 M €	+35.8%	4,9 M €	+2.4%	4,8 M €	+13.8%	4,2 M €	+0.3%	4,2 M €	-7.8%	4,6 M €	+6.7%	4,3 M €	+9.2%	3,9 M €	-34.6%	6 M €
Cash	933,9 k €	+362%	202,2 k €	-57.0%	470,1 k €	-32.1%	692,5 k €	+1.9%	679,6 k €	+186%	237,3 k €	-87.4%	1,9 M €	-10.6%	2,1 M €	+91.0%	1,1 M €	+236%	328,4 k €	+2737%	11,6 k €	-94.1%	196,1 k €	+189%	67,7 k €	-90.0%	675,3 k €	+5725%	11,6 k €	-91.4%	134,9 k €	-68.6%	430,3 k €	+331%	99,9 k €	+0.0%	99,9 k €	+7.0%	93,3 k €
Debts	415,8 k €	+4.4%	398,1 k €	-30.5%	573,3 k €	+50.1%	382 k €	-24.4%	505,4 k €	-71.2%	1,8 M €	-21.4%	2,2 M €	-23.1%	2,9 M €	-8.2%	3,2 M €	+154%	1,2 M €	+48.4%	836,6 k €	-3.0%	862,2 k €	+715%	105,8 k €	+251%	30,1 k €	-83.3%	179,9 k €	-44.5%	324 k €	-49.8%	645,7 k €	-25.1%	861,9 k €	+85.7%	464,2 k €	-81.6%	2,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Frédéric DALEM

Director · since 13 novembre 2024 · until 25 mai 2030

Active

Françoise DE TIEGE

Mandate

Active

Ended mandates

Françoise DE TIEGE

Director · since 25 mai 2024 · until 13 novembre 2024

Ended

Sébastien MOTET

Director · since 25 mai 2024 · until 13 novembre 2024

Ended

Françoise DE TIEGE

Director · since 26 mai 2018 · until 25 mai 2024

Ended

Frédéric DALEM

Managing director · since 26 mai 2018 · until 25 mai 2024

Ended

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	05/08/2026	02/07/2025	19/06/2024	24/07/2023	30/06/2022	10/06/2021
General meeting	23/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/05/2026	05/08/2026	French	PDF
Abridged model	31/12/2024	24/05/2025	02/07/2025	French	PDF
Abridged model	31/12/2023	25/05/2024	19/06/2024	French	PDF
Abridged model	31/12/2022	27/05/2023	24/07/2023	French	PDF
Abridged model	31/12/2021	28/05/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	10/06/2021	French	PDF
Abridged model	31/12/2019	10/10/2020	03/12/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	11/07/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	13/07/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	09/06/2016	French	PDF
Abridged model	31/12/2014	23/05/2015	16/08/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	04/07/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	11/07/2012	French	PDF
Abridged modelCorrection	31/12/2010	28/05/2011	28/10/2011	French	PDF
Abridged model	31/12/2010	28/05/2011	02/08/2011	French	PDF
Abridged modelCorrection	31/12/2009	22/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2009	22/05/2010	18/08/2010	French	PDF
Abridged model	31/12/2008	23/05/2009	15/07/2009	French	PDF
Abridged model	31/12/2007	24/05/2008	26/06/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	29/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 15 ended

Active mandates

Frédéric DALEM

Director · since 13 novembre 2024 · until 25 mai 2030

Active

Françoise DE TIEGE

Mandate

Active

Ended mandates

Françoise DE TIEGE

Director · since 25 mai 2024 · until 13 novembre 2024

Ended

Sébastien MOTET

Director · since 25 mai 2024 · until 13 novembre 2024

Ended

Françoise DE TIEGE

Director · since 26 mai 2018 · until 25 mai 2024

Ended

Frédéric DALEM

Managing director · since 26 mai 2018 · until 25 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates03/09/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/03/2018
CAPITAL, ACTIONS
PDF
Mandates16/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2006
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/10/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/07/2004
DEMISSIONS, NOMINATIONS
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 20252,5 M €↑
2024
Annual accounts 2024420,4 k €↑
2023
Annual accounts 2023240,3 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021304,1 k €↓
2020
Annual accounts 2020769,6 k €↓
2019
Annual accounts 20191,9 M €↑
2018
Annual accounts 2018512,3 k €↑
2017
Annual accounts 2017124,2 k €↓
2016
Annual accounts 2016204,2 k €↑
2015
Annual accounts 2015164,8 k €↓
2014
Annual accounts 20141 M €↑
2013
Annual accounts 2013-16,2 k €↓
2012
Annual accounts 201237,3 k €↓
2011
Annual accounts 2011191,2 k €↑
2010
Annual accounts 201067,5 k €↓
2009
Annual accounts 2009291,2 k €↓
2008
Annual accounts 2008674,8 k €↑
2007
Annual accounts 2007-256 k €↓
2006
Annual accounts 2006-167,3 k €
21/02/1989
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

GERNIM

Overview

What does GERNIM do?

Trend over 20 financial years

Indicative valuation

Board of directors

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