ACTIVE

GERCA

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Financial year 2024 · closed on 31/12/2024

Net result

145 k €

-43.9% YoY

Gross margin

482,3 k €

-10.7% YoY

Equity

9 M €

+1.6% YoY

Workforce

0,7 ETP

0.0% YoY

What does GERCA do?

GERCA is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Stekene. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.479.275

Incorporation

29/03/1990

Legal form

Public limited company

Registered office

Kwakkelstraat(STE) 61
9190 Stekene · FlandreSee on map

Contributed capital

4 255 763,00 €

Latest accounts

31/12/2024

Average workforce

0,7 ETP

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	482,3 k €	-10.7%	539,8 k €	-45.3%	987,2 k €	+17.0%	844 k €	+20.3%	701,4 k €	+89.0%	371,1 k €	-38.2%	600,6 k €	+7.4%	559,2 k €	+11.2%	502,9 k €	+40.0%	359,3 k €	-66.4%	1,1 M €	-26.6%	1,5 M €	+69.2%	859,7 k €	+93.9%	443,3 k €	-8.5%	484,6 k €	-49.1%	951,4 k €
EBITDA	377,2 k €	-19.1%	466,2 k €	-49.3%	919,1 k €	+16.3%	790 k €	+18.3%	667,9 k €	+117%	307,3 k €	-37.2%	489,5 k €	-5.7%	518,9 k €	+12.2%	462,6 k €	+43.9%	321,4 k €	-68.9%	1 M €	-27.3%	1,4 M €	+72.2%	824,3 k €	+101%	409,8 k €	-10.7%	458,9 k €	-50.7%	930,9 k €
Operating result	359,9 k €	-20.8%	454,2 k €	-49.7%	902,5 k €	+19.3%	756,7 k €	+19.5%	633,3 k €	+125%	281,9 k €	-41.6%	482,5 k €	-6.0%	513,3 k €	+17.1%	438,2 k €	+46.5%	299,1 k €	-70.2%	1 M €	-28.1%	1,4 M €	+75.0%	797 k €	+103%	391,9 k €	-10.5%	437,9 k €	-51.9%	909,8 k €
Net result	145 k €	-43.9%	258,4 k €	-53.1%	550,7 k €	+20.3%	457,6 k €	+36.6%	335,1 k €	+125%	148,8 k €	-37.6%	238,6 k €	+16.2%	205,3 k €	-12.2%	233,9 k €	-3.5%	242,3 k €	-65.1%	694,1 k €	-24.2%	915,6 k €	+72.6%	530,6 k €	+125%	235,9 k €	+1.7%	231,9 k €	-57.5%	546,2 k €
Balance sheet
Equity	9 M €	+1.6%	8,9 M €	+3.0%	8,6 M €	+6.8%	8,1 M €	+25.6%	6,4 M €	+5.5%	6,1 M €	+2.5%	5,9 M €	+4.2%	5,7 M €	+3.7%	5,5 M €	+4.4%	5,3 M €	-2.9%	5,4 M €	+14.7%	4,7 M €	+24.0%	3,8 M €	+16.2%	3,3 M €	+34.1%	2,4 M €	+10.5%	2,2 M €
Total assets	12,3 M €	+7.4%	11,4 M €	+9.0%	10,5 M €	+0.7%	10,4 M €	+5.2%	9,9 M €	+8.9%	9,1 M €	+0.9%	9 M €	-0.6%	9,1 M €	+14.9%	7,9 M €	-0.8%	7,9 M €	-5.3%	8,4 M €	+18.0%	7,1 M €	+9.6%	6,5 M €	-3.6%	6,7 M €	+47.2%	4,6 M €	-1.9%	4,7 M €
Cash	48,5 k €	-82.0%	269,9 k €	-22.2%	346,8 k €	+217%	109,5 k €	-5.5%	115,9 k €	+92.8%	60,1 k €	-28.7%	84,3 k €	+11.7%	75,5 k €	+36.3%	55,4 k €	+239%	16,3 k €	-84.7%	106,7 k €	-60.5%	269,9 k €	+1463%	17,3 k €	-88.5%	150,4 k €	+243%	43,8 k €	-28.5%	61,2 k €
Debts	3 M €	+30.7%	2,3 M €	+30.8%	1,8 M €	-17.6%	2,2 M €	-35.7%	3,4 M €	+12.3%	3 M €	-2.0%	3,1 M €	-8.6%	3,3 M €	+47.6%	2,3 M €	-11.8%	2,6 M €	-10.0%	2,9 M €	+20.2%	2,4 M €	-7.4%	2,6 M €	-23.1%	3,3 M €	+66.6%	2 M €	-14.0%	2,3 M €
Other
Workforce	0,7 ETP	0.0%	0,7 ETP		0,0 ETP		–		–		–		–		0,2 ETP	-33.3%	0,3 ETP	0.0%	0,3 ETP	-50.0%	0,6 ETP		–		0,3 ETP	+50.0%	0,2 ETP		–		–

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 31/12/2024 · 2 active · 3 ended

Active mandates

Noëla Van Kerckhove

Director

Active

Paul Van Esbroeck

Director

Active

Ended mandates

Noëla Van Esbroeck

Director

Ended

Noëla Van Kerckhove

Manager

Ended

Paul Van Esbroeck

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
L.S.● Active	0431.053.746

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/10/2025	09/10/2024	06/10/2023	04/11/2022	01/09/2021	13/07/2020
General meeting	29/09/2025	24/09/2024	31/08/2023	11/10/2022	17/08/2021	29/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	29/09/2025	16/10/2025	Dutch	PDF
Abridged model	31/12/2023	24/09/2024	09/10/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	06/10/2023	Dutch	PDF
Abridged model	31/12/2021	11/10/2022	04/11/2022	Dutch	PDF
Abridged model	31/12/2020	17/08/2021	01/09/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	21/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	06/07/2007	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 31/12/2024 · 2 active · 3 ended

Active mandates

Noëla Van Kerckhove

Director

Active

Paul Van Esbroeck

Director

Active

Ended mandates

Noëla Van Esbroeck

Director

Ended

Noëla Van Kerckhove

Manager

Ended

Paul Van Esbroeck

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares02/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other13/02/2009
INBRENG IN NATURA - STATUTENWIJZIGING i
PDF
Capital / shares22/04/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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

2024
Annual accounts 2024145 k €↓
2023
Annual accounts 2023258,4 k €↓
2022
Annual accounts 2022550,7 k €↑
2021
Annual accounts 2021457,6 k €↑
2018
Annual accounts 2018335,1 k €↑
2017
Annual accounts 2017148,8 k €↓
2016
Annual accounts 2016238,6 k €↑
2015
Annual accounts 2015205,3 k €↓
2014
Annual accounts 2014233,9 k €↓
2013
Annual accounts 2013242,3 k €↓
2012
Annual accounts 2012694,1 k €↓
2011
Annual accounts 2011915,6 k €↑
2010
Annual accounts 2010530,6 k €↑
2009
Annual accounts 2009235,9 k €↑
2008
Annual accounts 2008231,9 k €↓
2007
Annual accounts 2007546,2 k €
29/03/1990
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

GERCA

Overview

What does GERCA do?

Trend over 16 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