ACTIVE

GARNOTEC

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

681,7 k €

+51.3% YoY

Gross margin

1,3 M €

+33.4% YoY

Equity

5,6 M €

+13.8% YoY

Workforce

2,0 ETP

0.0% YoY

What does GARNOTEC do?

GARNOTEC is a Private limited company incorporated in 1993. Its main activity is: Wholesale of agricultural machinery, equipment and supplies. Its registered office is in Geel. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.307.454

Incorporation

10/06/1993

Legal form

Private limited company

Registered office

Winkelom 69
2440 Geel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

2,0 ETP

Activities (NACE)

46610Wholesale of agricultural machinery, equipment and supplies· main 46610Wholesale of agricultural machinery, equipment and supplies 46620Wholesale of machine tools 46620Wholesale of machine tools 51880Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+33.4%	938,9 k €	-0.2%	940,4 k €	+6.0%	886,8 k €	-12.1%	1 M €	+7.9%	935,1 k €	+2.2%	915,2 k €	+20.3%	760,8 k €	-4.0%	792,3 k €	+2.2%	775,4 k €	+2.8%	754,1 k €	+23.3%	611,7 k €	+2.6%	595,9 k €	+54.9%	384,7 k €	-4.2%	401,4 k €	+42.8%	281 k €	+63.6%	171,8 k €	-45.4%	314,8 k €	+20.6%	261,2 k €
EBITDA	1,1 M €	+39.2%	794,2 k €	-1.8%	808,9 k €	+5.4%	767,4 k €	-13.0%	882,3 k €	+11.2%	793,1 k €	+0.0%	792,7 k €	+23.8%	640,2 k €	-4.3%	669,3 k €	+0.7%	665 k €	+4.3%	637,7 k €	+27.5%	500 k €	+2.3%	488,8 k €	+55.3%	314,7 k €	-11.3%	354,9 k €	+32.3%	268,2 k €	+58.9%	168,8 k €	-45.5%	309,8 k €	+21.3%	255,3 k €
Operating result	958,6 k €	+48.0%	647,8 k €	-5.1%	682,9 k €	+2.1%	668,6 k €	-16.7%	802,5 k €	+23.9%	647,8 k €	-12.5%	740,7 k €	+27.0%	583,1 k €	-4.2%	608,8 k €	+1.6%	599,1 k €	+2.8%	583,1 k €	+27.6%	456,9 k €	+2.3%	446,6 k €	+101%	222,2 k €	-26.4%	301,8 k €	+42.2%	212,2 k €	+101%	105,6 k €	-57.3%	247,3 k €	+24.1%	199,3 k €
Net result	681,7 k €	+51.3%	450,6 k €	+1.2%	445,3 k €	-1.5%	451,9 k €	-15.6%	535,4 k €	+24.6%	429,7 k €	-12.1%	488,8 k €	+37.1%	356,6 k €	-6.1%	379,8 k €	+1.8%	373,2 k €	+1.5%	367,6 k €	+12.7%	326,3 k €	+2.7%	317,6 k €	+71.3%	185,4 k €	-16.9%	223,2 k €	+46.8%	152 k €	+71.0%	88,9 k €	-48.2%	171,7 k €	+36.1%	126,2 k €
Balance sheet
Equity	5,6 M €	+13.8%	4,9 M €	-5.2%	5,2 M €	+9.4%	4,7 M €	+10.4%	4,3 M €	-4.5%	4,5 M €	+10.4%	4,1 M €	+13.5%	3,6 M €	+11.1%	3,2 M €	+13.4%	2,8 M €	+15.5%	2,5 M €	+17.6%	2,1 M €	+18.6%	1,8 M €	+22.1%	1,4 M €	+14.8%	1,3 M €	+21.6%	1 M €	+17.3%	879,6 k €	+11.2%	790,7 k €	+27.7%	619 k €
Total assets	6,6 M €	+4.4%	6,3 M €	+14.6%	5,5 M €	+1.8%	5,4 M €	+6.9%	5,1 M €	+5.5%	4,8 M €	+4.1%	4,6 M €	+14.0%	4,1 M €	+12.3%	3,6 M €	+12.5%	3,2 M €	+15.3%	2,8 M €	+16.8%	2,4 M €	+15.5%	2,1 M €	+11.2%	1,9 M €	+9.7%	1,7 M €	+24.5%	1,4 M €	+12.1%	1,2 M €	+7.3%	1,1 M €	+27.0%	891,5 k €
Cash	3,4 M €	+6.3%	3,2 M €	+17.2%	2,8 M €	+12.2%	2,5 M €	-1.8%	2,5 M €	-8.8%	2,7 M €	-15.0%	3,2 M €	+15.9%	2,8 M €	+20.4%	2,3 M €	+14.7%	2 M €	+15.4%	1,7 M €	+10.0%	1,6 M €	+382%	329,4 k €		–		–		–		–		622,8 k €	+55.0%	401,9 k €
Debts	1 M €	-29.9%	1,4 M €	+291%	370,3 k €	-48.5%	718,8 k €	-11.1%	808,7 k €	+134%	345,8 k €	-40.8%	583,8 k €	+17.1%	498,4 k €	+21.5%	410,1 k €	+5.9%	387,1 k €	+14.1%	339,4 k €	+12.2%	302,4 k €	-2.8%	311 k €	-25.9%	419,6 k €	-4.8%	441 k €	+33.5%	330,2 k €	-1.6%	335,4 k €	-1.6%	340,9 k €	+25.4%	271,9 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-19.2%	2,6 ETP	+23.8%	2,1 ETP	-25.0%	2,8 ETP	+33.3%	2,1 ETP	-12.5%	2,4 ETP	+60.0%	1,5 ETP	+36.4%	1,1 ETP	+267%	0,3 ETP		–		–		–

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 30/09/2025 · 1 active · 5 ended

Active mandates

Nico Van Laer

Mandate

Active

Ended mandates

Nico Van Laer

Manager · since 10 juin 1993

Ended

Heidi Herman

Manager

Ended

Heidi Mevr. HERMAN

Manager

Ended

Nico Dhr. VAN LAER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Freza● Active	0759.484.561
Yousoft● Active	0777.915.947

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	01/10/2024	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	18/04/2026	30/08/2025	29/04/2024	30/04/2023	30/03/2022	25/03/2021
General meeting	31/03/2026	31/03/2025	31/03/2024	31/03/2023	29/03/2022	15/03/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	18/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/08/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	30/04/2023	Dutch	PDF
Abridged model	30/09/2021	29/03/2022	30/03/2022	Dutch	PDF
Abridged model	30/09/2020	15/03/2021	25/03/2021	Dutch	PDF
Abridged model	30/09/2019	20/03/2020	31/03/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	11/04/2019	Dutch	PDF
Abridged model	30/09/2017	19/03/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	02/03/2017	08/03/2017	Dutch	PDF
Abridged model	30/09/2015	21/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	16/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	17/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	22/04/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	19/03/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	21/03/2011	29/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	31/03/2010	Dutch	PDF
Abridged model	30/09/2008	16/03/2009	24/03/2009	Dutch	PDF
Abridged model	30/09/2007	17/03/2008	02/04/2008	Dutch	PDF
Abridged model	30/09/2006	19/03/2007	21/03/2007	Dutch	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 30/09/2025 · 1 active · 5 ended

Active mandates

Nico Van Laer

Mandate

Active

Ended mandates

Nico Van Laer

Manager · since 10 juin 1993

Ended

Heidi Herman

Manager

Ended

Heidi Mevr. HERMAN

Manager

Ended

Nico Dhr. VAN LAER

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates12/05/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025681,7 k €↑
2024
Annual accounts 2024450,6 k €↑
2023
Annual accounts 2023445,3 k €↓
2022
Annual accounts 2022451,9 k €↓
2021
Annual accounts 2021535,4 k €↑
2020
Annual accounts 2020429,7 k €↓
2019
Annual accounts 2019488,8 k €↑
2018
Annual accounts 2018356,6 k €↓
2017
Annual accounts 2017379,8 k €↑
2016
Annual accounts 2016373,2 k €↑
2015
Annual accounts 2015367,6 k €↑
2014
Annual accounts 2014326,3 k €↑
2013
Annual accounts 2013317,6 k €↑
2012
Annual accounts 2012185,4 k €↓
2011
Annual accounts 2011223,2 k €↑
2010
Annual accounts 2010152 k €↑
2009
Annual accounts 200988,9 k €↓
2008
Annual accounts 2008171,7 k €↑
2007
Annual accounts 2007126,2 k €
10/06/1993
IncorporationPrivate 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

GARNOTEC

Overview

What does GARNOTEC do?

Trend over 19 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