ACTIVE

GERMURO

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Financial year 2024 · closed on 31/12/2024

Net result

121,4 k €

+152.9% YoY

Gross margin

197 k €

+78.2% YoY

Equity

12,2 k €

+3.4% YoY

What does GERMURO do?

GERMURO is a Private company with limited liability incorporated in 1991. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.748.769

Incorporation

28/03/1991

Legal form

Private company with limited liability

Registered office

Avenue Franklin Roosevelt 120
1050 Bruxelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007
Income statement
Gross margin	197 k €	+78.2%	110,5 k €	-0.3%	110,9 k €	+18.2%	93,8 k €	-16.3%	112,1 k €	-22.3%	144,3 k €	+48.7%	97 k €	-51.4%	199,8 k €	+11.2%	179,7 k €	+53.0%	117,4 k €	-0.2%	117,7 k €	-13.7%	136,3 k €	-15.9%	162 k €	-29.9%	231,2 k €	+37.6%	168 k €	+25.2%	134,2 k €	+19.5%	112,3 k €
EBITDA	166,3 k €	+139%	69,5 k €	+10.1%	63,1 k €	+28.6%	49,1 k €	-38.4%	79,7 k €	-29.4%	112,9 k €	+60.6%	70,3 k €	-64.3%	196,8 k €	+10.5%	178,1 k €	+54.1%	115,6 k €	+1.2%	114,3 k €	-14.0%	132,8 k €	-17.3%	160,5 k €	-30.2%	229,9 k €	+38.9%	165,6 k €	+24.1%	133,4 k €	+21.9%	109,4 k €
Operating result	163,2 k €	+147%	66,1 k €	+16.2%	56,9 k €	+36.0%	41,9 k €	-42.5%	72,7 k €	-29.0%	102,5 k €	+74.6%	58,7 k €	-66.0%	172,7 k €	+13.5%	152,1 k €	+70.1%	89,4 k €	+0.8%	88,7 k €	-15.2%	104,6 k €	-21.2%	132,7 k €	-34.5%	202,8 k €	+53.5%	132,1 k €	+32.6%	99,6 k €	+28.4%	77,6 k €
Net result	121,4 k €	+153%	48 k €	+17.6%	40,8 k €	+37.5%	29,7 k €	-43.2%	52,2 k €	-23.9%	68,6 k €	+91.5%	35,8 k €	-67.5%	110,3 k €	+20.3%	91,7 k €	+72.7%	53,1 k €	+4.9%	50,6 k €	-19.9%	63,2 k €	-24.1%	83,2 k €	-35.0%	128,1 k €	+4.8%	122,2 k €	+39.7%	87,5 k €	+40.5%	62,3 k €
Balance sheet
Equity	12,2 k €	+3.4%	11,8 k €	+0.1%	11,8 k €	-39.0%	19,4 k €	+0.4%	19,3 k €	+3.9%	18,6 k €	+3.3%	18 k €	-74.0%	69,1 k €	+1.9%	67,8 k €	+2.5%	66,1 k €	+0.1%	66 k €	+1.0%	65,4 k €	+0.3%	65,2 k €	+57.4%	41,4 k €	+8.1%	38,3 k €	+3.3%	37,1 k €	+0.3%	37 k €
Total assets	151,6 k €	+36.7%	110,9 k €	-7.7%	120,2 k €	+23.8%	97,1 k €	-8.0%	105,5 k €	-30.8%	152,5 k €	-9.8%	169,1 k €	-32.0%	248,6 k €	+14.8%	216,5 k €	+13.3%	191,1 k €	-14.6%	223,8 k €	-7.0%	240,7 k €	-23.6%	315 k €	-24.1%	415,1 k €	+19.1%	348,5 k €	-5.4%	368,4 k €	-0.0%	368,4 k €
Cash	87,8 k €	+325%	20,7 k €	-41.5%	35,3 k €	+21.6%	29 k €	-15.9%	34,5 k €	+57.0%	22 k €	+39.2%	15,8 k €	-78.5%	73,4 k €	+80.1%	40,7 k €	+65.1%	24,7 k €	-41.3%	42 k €	-13.3%	48,4 k €	-23.5%	63,3 k €	-55.7%	143 k €	+452%	25,9 k €	-32.4%	38,4 k €	-6.9%	41,2 k €
Debts	134,5 k €	+54.1%	87,3 k €	-11.6%	98,7 k €	+27.0%	77,7 k €	-9.5%	85,9 k €	-30.4%	123,3 k €	-13.0%	141,7 k €	-17.5%	171,8 k €	+21.1%	141,8 k €	+18.9%	119,2 k €	-21.6%	152,1 k €	-12.6%	174,1 k €	-27.6%	240,5 k €	-35.6%	373,7 k €	+21.4%	307,8 k €	-3.0%	317,3 k €	-3.1%	327,5 k €
Other
Workforce	–		–		–		–		1,0 ETP	+11.1%	0,9 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

ANDRE CORBUSIER

Administrator - manager

Active

Ended mandates

ANDRE CORBUSIER

Director

Ended

ANDRE CORBUSIER

Manager

Ended

FLORENCE CORBUSIER

Manager

Ended

FRANCIS GERMEAU

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de l'immeuble à Bruxelles , avenue Franklin Roosevelt 120● Active	0840.266.260
MALOIX● Active	1032.047.039

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro 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	10/09/2025	05/08/2024	23/06/2023	27/09/2022	21/09/2021	22/10/2020
General meeting	05/06/2025	06/06/2024	01/06/2023	02/06/2022	30/08/2021	30/08/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	05/06/2025	10/09/2025	French	PDF
Micro model	31/12/2023	06/06/2024	05/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	23/06/2023	French	PDF
Micro model	31/12/2021	02/06/2022	27/09/2022	French	PDF
Abridged model	31/12/2020	30/08/2021	21/09/2021	French	PDF
Abridged model	31/12/2019	30/08/2020	22/10/2020	French	PDF
Abridged model	31/12/2018	30/08/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	31/08/2018	30/09/2018	French	PDF
Abridged model	31/12/2016	31/08/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	31/08/2016	25/09/2016	French	PDF
Abridged model	31/12/2014	26/08/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	29/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	28/09/2013	29/09/2013	French	PDF
Abridged model	31/12/2010	31/07/2011	27/08/2011	French	PDF
Abridged model	31/12/2009	31/07/2010	29/08/2010	French	PDF
Abridged model	31/12/2008	31/07/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	31/07/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	17/08/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 4 ended

Active mandates

ANDRE CORBUSIER

Administrator - manager

Active

Ended mandates

ANDRE CORBUSIER

Director

Ended

ANDRE CORBUSIER

Manager

Ended

FLORENCE CORBUSIER

Manager

Ended

FRANCIS GERMEAU

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates18/02/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office11/04/2012
SIEGE SOCIAL
PDF
Mandates15/10/2008
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/01/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/11/2002
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

2024
Annual accounts 2024121,4 k €↑
2023
Annual accounts 202348 k €↑
2022
Annual accounts 202240,8 k €↑
2021
Annual accounts 202129,7 k €↓
2020
Annual accounts 202052,2 k €↓
2019
Annual accounts 201968,6 k €↑
2018
Annual accounts 201835,8 k €↓
2017
Annual accounts 2017110,3 k €↑
2016
Annual accounts 201691,7 k €↑
2015
Annual accounts 201553,1 k €↑
2014
Annual accounts 201450,6 k €↓
2013
Annual accounts 201363,2 k €↓
2012
Annual accounts 201283,2 k €↓
2010
Annual accounts 2010128,1 k €↑
2009
Annual accounts 2009122,2 k €↑
2008
Annual accounts 200887,5 k €↑
2007
Annual accounts 200762,3 k €
28/03/1991
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

GERMURO

Overview

What does GERMURO 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