ACTIVE

GECOM

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Financial year 2025 · closed on 30/09/2025

Net result

-254,7 k €

-1550.5% YoY

Revenue

186,5 k €

-39.3% YoY

Equity

17,7 M €

-1.4% YoY

What does GECOM do?

GECOM is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.524.330

Incorporation

05/10/1989

Legal form

Public limited company

Registered office

Baarleveer 28
9031 Gent · FlandreSee on map

Contributed capital

783 946,76 €

Latest accounts

30/09/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	186,5 k €	-39.3%	307,3 k €	-79.9%	1,5 M €	-36.6%	2,4 M €	+44.4%	1,7 M €	+106%	807,8 k €	+2.3%	790 k €	+153%	312,5 k €	-42.8%	546,6 k €	-12.2%	622,4 k €	+9.8%	566,8 k €	-4.6%	594,3 k €	+77.9%	334,1 k €	-39.5%	552,4 k €	-12.8%	633,7 k €	-17.8%	771,1 k €	-41.0%	1,3 M €
EBITDA	238,8 k €	-46.7%	448,3 k €	-55.2%	1 M €	+366%	214,6 k €	-94.4%	3,8 M €	+1039%	336,5 k €	-54.0%	731,4 k €	+57.5%	464,5 k €	-31.0%	673,4 k €	+53.0%	440,2 k €	+9.3%	402,7 k €	-9.3%	443,9 k €	+104%	218,1 k €	-46.4%	407 k €	-14.6%	476,4 k €	-16.2%	568,8 k €	+58.2%	359,6 k €
Operating result	-126,5 k €	-182%	155 k €	-78.3%	715,5 k €	+37467%	1,9 k €	-99.9%	3,7 M €	+3769%	94,6 k €	-80.4%	483,8 k €	+104%	237,2 k €	-38.2%	384,1 k €	+147%	155,6 k €	-9.0%	170,9 k €	-15.6%	202,6 k €	+224%	62,5 k €	-73.3%	233,9 k €	+16.6%	200,6 k €	-31.7%	293,8 k €	+98.4%	148,1 k €
Net result	-254,7 k €	-1551%	-15,4 k €	-103%	517 k €	+14.7%	450,7 k €	-91.7%	5,4 M €	+84.4%	2,9 M €	+1065%	251,6 k €	+2145%	11,2 k €	-92.0%	140,3 k €	-68.3%	442 k €	+468%	-120,2 k €	-183%	145 k €	+1541%	8,8 k €	-99.0%	885,3 k €	+3633%	-25,1 k €	-188%	28,4 k €	-58.1%	67,7 k €
Balance sheet
Equity	17,7 M €	-1.4%	17,9 M €	-0.1%	17,9 M €	+3.0%	17,4 M €	+2.7%	17 M €	+120%	7,7 M €	+61.2%	4,8 M €	+5.5%	4,5 M €	+0.2%	4,5 M €	+3.2%	4,4 M €	+11.2%	3,9 M €	-2.1%	4 M €	+3.9%	3,9 M €	+1.6%	3,8 M €	+4.6%	3,6 M €	-0.4%	3,7 M €	+0.2%	3,7 M €
Total assets	20,5 M €	-20.5%	25,8 M €	-0.3%	25,9 M €	+3.3%	25,1 M €	+10.1%	22,8 M €	-4.7%	23,9 M €	+32.6%	18 M €	+7.1%	16,8 M €	-13.0%	19,4 M €	+0.9%	19,2 M €	+13.4%	16,9 M €	+52.0%	11,1 M €	+5.9%	10,5 M €	-6.2%	11,2 M €	-9.6%	12,4 M €	-4.0%	12,9 M €	+15.3%	11,2 M €
Cash	35,9 k €	-42.2%	62,2 k €	-61.6%	162 k €	-34.1%	245,8 k €	-4.0%	255,9 k €	+7.1%	238,9 k €	+6.9%	223,4 k €	+69.1%	132,1 k €	+95.6%	67,5 k €	+155%	26,5 k €	-0.5%	26,6 k €	-79.9%	132,6 k €	+9.3%	121,3 k €	+1286%	8,8 k €	-69.0%	28,2 k €	+60.2%	17,6 k €	-46.4%	32,9 k €
Debts	1,7 M €	-74.7%	6,7 M €	-0.4%	6,7 M €	+4.4%	6,4 M €	+41.4%	4,5 M €	-71.8%	16,1 M €	+22.3%	13,2 M €	+8.1%	12,2 M €	-17.0%	14,7 M €	+0.3%	14,6 M €	+15.7%	12,7 M €	+80.9%	7 M €	+7.2%	6,5 M €	-9.8%	7,2 M €	-10.9%	8,1 M €	-5.2%	8,6 M €	+24.9%	6,9 M €

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 30/09/2025 · 3 active · 14 ended

Active mandates

Francis Geernaert

Director · since 14 avril 2025 · until 25 janvier 2031

Active

John Geernaert

Director · since 14 avril 2025 · until 25 janvier 2031

Active

Nancy Geernaert

Managing director · since 14 avril 2025 · until 25 janvier 2031

Active

Ended mandates

Francis Geernaert

Director · since 25 janvier 2019 · until 25 janvier 2025

Ended

Francis Geernaert

Director · since 25 janvier 2019 · until 14 avril 2025

Ended

Francis Geernaert

Managing director · since 25 janvier 2019 · until 25 janvier 2025

Ended

John Geernaert

Director · since 25 janvier 2019 · until 25 janvier 2025

Ended

At this address

Other companies at this address

Company	CBE no.
C.A.D. HOLDING● Active	0452.139.170
Gasthof Den Ever● Active	0461.962.894

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/05/2026	05/05/2025	10/05/2024	15/05/2023	30/05/2022	26/05/2021
General meeting	30/04/2026	14/04/2025	25/01/2024	25/01/2023	25/01/2022	25/01/2021
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
Full model	30/09/2025	30/04/2026	04/05/2026	Dutch	PDF
Full model	30/09/2024	14/04/2025	05/05/2025	Dutch	PDF
Full model	30/09/2023	25/01/2024	10/05/2024	Dutch	PDF
Full model	30/09/2022	25/01/2023	15/05/2023	Dutch	PDF
Full model	30/09/2021	25/01/2022	30/05/2022	Dutch	PDF
Full model	30/09/2020	25/01/2021	26/05/2021	Dutch	PDF
Full model	30/09/2019	25/01/2020	28/02/2020	Dutch	PDF
Full model	30/09/2018	25/01/2019	19/03/2019	Dutch	PDF
Full model	30/09/2017	25/01/2018	30/03/2018	Dutch	PDF
Full model	30/09/2016	25/01/2017	31/03/2017	Dutch	PDF
Full model	30/09/2015	25/01/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	26/01/2015	02/02/2015	Dutch	PDF
Abridged model	30/09/2013	25/01/2014	03/02/2014	Dutch	PDF
Abridged model	30/09/2012	25/01/2013	28/01/2013	Dutch	PDF
Abridged model	30/09/2011	25/01/2012	30/01/2012	Dutch	PDF
Abridged model	30/09/2010	26/01/2011	31/01/2011	Dutch	PDF
Abridged model	30/09/2009	26/01/2010	01/02/2010	Dutch	PDF
Abridged model	30/09/2008	26/01/2009	02/02/2009	Dutch	PDF
Abridged model	30/09/2007	25/01/2008	04/02/2008	Dutch	PDF
Abridged model	30/09/2006	25/01/2007	26/01/2007	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 30/09/2025 · 3 active · 14 ended

Active mandates

Francis Geernaert

Director · since 14 avril 2025 · until 25 janvier 2031

Active

John Geernaert

Director · since 14 avril 2025 · until 25 janvier 2031

Active

Nancy Geernaert

Managing director · since 14 avril 2025 · until 25 janvier 2031

Active

Ended mandates

Francis Geernaert

Director · since 25 janvier 2019 · until 25 janvier 2025

Ended

Francis Geernaert

Director · since 25 janvier 2019 · until 14 avril 2025

Ended

Francis Geernaert

Managing director · since 25 janvier 2019 · until 25 janvier 2025

Ended

John Geernaert

Director · since 25 janvier 2019 · until 25 janvier 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other30/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/08/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring06/07/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2013
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 2025-254,7 k €↓
2024
Annual accounts 2024-15,4 k €↓
2023
Annual accounts 2023517 k €↑
2022
Annual accounts 2022450,7 k €↓
2021
Annual accounts 20215,4 M €↑
2018
Annual accounts 20182,9 M €↑
2017
Annual accounts 2017251,6 k €↑
2016
Annual accounts 201611,2 k €↓
2015
Annual accounts 2015140,3 k €↓
2014
Annual accounts 2014442 k €↑
2013
Annual accounts 2013-120,2 k €↓
2012
Annual accounts 2012145 k €↑
2011
Annual accounts 20118,8 k €↓
2010
Annual accounts 2010885,3 k €↑
2009
Annual accounts 2009-25,1 k €↓
2008
Annual accounts 200828,4 k €↓
2007
Annual accounts 200767,7 k €
05/10/1989
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

GECOM

Overview

What does GECOM do?

Trend over 17 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