ACTIVE

GRAGER

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Financial year 2025 · closed on 31/12/2025

Net result

-146,7 k €

+85.2% YoY

Gross margin

1,6 M €

+74.9% YoY

Equity

7,3 M €

-2.0% YoY

Workforce

0,0 ETP

What does GRAGER do?

GRAGER is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.972.220

Incorporation

17/12/1992

Legal form

Public limited company

Registered office

Square de Meeus 22A box 21
1050 Ixelles · BruxellesSee on map

Contributed capital

1 134 368,29 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 65231Reinsurance+3

Joint committees (2)

323
3230

Signals

Solid equityPositive 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		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	+74.9%	930,7 k €	-17.0%	1,1 M €	+58.6%	706,8 k €	-43.0%	1,2 M €	+9.5%	1,1 M €	+11.2%	1 M €	-4.2%	1,1 M €	+10.1%	965,6 k €	-3.5%	1 M €	+43.1%	699 k €	+13.1%	618,2 k €	+6.7%	579,1 k €	-7.9%	629 k €	+15.7%	543,7 k €	-26.4%	739 k €	+47.2%	502,2 k €
EBITDA	1,5 M €	+113%	712,3 k €	-24.0%	937,2 k €	+66.0%	564,5 k €	-49.3%	1,1 M €	+14.9%	968,2 k €	+6.5%	908,8 k €	-7.5%	982,5 k €	+10.2%	891,8 k €	-5.3%	941,9 k €	+47.6%	638,3 k €	+9.4%	583,7 k €	+5.9%	551 k €	-8.9%	604,8 k €	+16.5%	519,2 k €	-27.9%	720,6 k €	+49.9%	480,7 k €
Operating result	137,4 k €	+119%	-707,2 k €	-46.8%	-481,9 k €	+49.9%	-961,2 k €	-172%	-353,9 k €	-131%	-153,3 k €	+5.4%	-162,1 k €	-202%	159,3 k €	-20.3%	199,8 k €	-45.0%	363,4 k €	+100%	181,4 k €	-31.0%	262,9 k €	-22.4%	339 k €	-23.3%	442,2 k €	+15.6%	382,4 k €	-36.9%	606,5 k €	+68.5%	359,8 k €
Net result	-146,7 k €	+85.2%	-993,3 k €	-47.3%	-674,3 k €	+43.5%	-1,2 M €	-103%	-588,7 k €	-108%	-283,4 k €	-18.2%	-239,6 k €	-267%	143,6 k €	-84.9%	948,4 k €	-26.3%	1,3 M €	+19.3%	1,1 M €	-0.1%	1,1 M €	-12.4%	1,2 M €	+0.7%	1,2 M €	-0.2%	1,2 M €	-15.7%	1,5 M €	+27.8%	1,1 M €
Balance sheet
Equity	7,3 M €	-2.0%	7,4 M €	-11.8%	8,4 M €	-7.4%	9,1 M €	-11.6%	10,3 M €	-9.8%	11,4 M €	-2.4%	11,7 M €	-2.0%	12 M €	-20.4%	15 M €	+6.7%	14,1 M €	+9.1%	12,9 M €	+8.2%	11,9 M €	+9.0%	10,9 M €	+12.7%	9,7 M €	+14.5%	8,5 M €	+17.0%	7,2 M €	+21.2%	6 M €
Total assets	21 M €	-6.5%	22,5 M €	-5.3%	23,8 M €	-3.9%	24,7 M €	+1.2%	24,5 M €	+9.3%	22,4 M €	+16.1%	19,3 M €	+13.1%	17 M €	+7.2%	15,9 M €	+9.4%	14,5 M €	-3.5%	15,1 M €	+3.6%	14,5 M €	+27.9%	11,4 M €	+12.2%	10,1 M €	+13.2%	9 M €	+14.4%	7,8 M €	+17.3%	6,7 M €
Cash	55,6 k €	-40.4%	93,4 k €	+187%	32,5 k €	-71.4%	113,5 k €	-46.0%	210,3 k €	+269%	57 k €	-42.9%	99,9 k €	-70.9%	343,7 k €	+110%	164,1 k €	-83.0%	965,5 k €	-44.8%	1,7 M €	-37.8%	2,8 M €	+9102%	30,5 k €	-92.0%	382,9 k €	+1340%	26,6 k €	-90.8%	288,6 k €	-36.5%	454,7 k €
Debts	13,7 M €	-9.1%	15 M €	-1.8%	15,3 M €	-1.9%	15,6 M €	+10.5%	14,1 M €	+29.1%	10,9 M €	+44.8%	7,6 M €	+49.7%	5,1 M €	+471%	883,9 k €	+87.3%	471,9 k €	-78.4%	2,2 M €	-17.4%	2,6 M €	+484%	452,1 k €	+1.0%	447,6 k €	-9.1%	492,2 k €	-17.3%	594,9 k €	-14.8%	698 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		1,4 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 31/12/2025 · 2 active · 19 ended

Active mandates

FREDERIC GERKEN

Managing director · since 01 juin 2023 · until 01 juin 2029

Active

PASCAL GERKEN

Managing director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Frédéric GERKEN

Managing director · since 30 juin 2017 · until 30 juin 2023

Ended

Pascal GERKEN

Managing director · since 30 juin 2017 · until 30 juin 2023

Ended

FREDERIC GERKEN

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended

PASCAL GERKEN

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended

At this address

Other companies at this address

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CHAMBARDEMENT● Active	0800.500.220
KADRAGROUPE● Active	0479.392.707
pi-design● Active	0865.066.388
TERMA● Active	0462.312.292

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	22/07/2026	30/06/2025	17/06/2024	29/08/2023	25/08/2022	13/07/2021
General meeting	19/06/2026	21/06/2025	15/06/2024	30/06/2023	30/06/2022	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
Abridged model	31/12/2025	19/06/2026	22/07/2026	French	PDF
Abridged model	31/12/2024	21/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	15/06/2024	17/06/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	02/09/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	01/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	23/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	16/06/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	20/06/2009	14/07/2009	French	PDF
Abridged model	31/12/2007	21/06/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	23/07/2007	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 31/12/2025 · 2 active · 19 ended

Active mandates

FREDERIC GERKEN

Managing director · since 01 juin 2023 · until 01 juin 2029

Active

PASCAL GERKEN

Managing director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Frédéric GERKEN

Managing director · since 30 juin 2017 · until 30 juin 2023

Ended

Pascal GERKEN

Managing director · since 30 juin 2017 · until 30 juin 2023

Ended

FREDERIC GERKEN

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended

PASCAL GERKEN

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/04/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DIVERS - OBJET - CAPITAL, ACTIONS
PDF
Other14/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - ASSEMBLEE GENERALE
PDF
Mandates08/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2018
DEMISSIONS, NOMINATIONS
PDF
Restructuring14/08/2015
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/06/2015
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates25/06/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/01/2012
CAPITAL, ACTIONS
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 2025-146,7 k €↑
2024
Annual accounts 2024-993,3 k €↓
2023
Annual accounts 2023-674,3 k €↑
2022
Annual accounts 2022-1,2 M €↓
2021
Annual accounts 2021-588,7 k €↓
2018
Annual accounts 2018-283,4 k €↓
2017
Annual accounts 2017-239,6 k €↓
2016
Annual accounts 2016143,6 k €↓
2014
Annual accounts 2014948,4 k €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 20091,2 M €↓
2008
Annual accounts 20081,2 M €↓
2007
Annual accounts 20071,5 M €↑
2006
Annual accounts 20061,1 M €
17/12/1992
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

GRAGER

Overview

What does GRAGER 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