ACTIVE

KERGER

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Financial year 2025 · closed on 30/06/2025

Net result

72,3 k €

-55.2% YoY

Gross margin

568,5 k €

-4.5% YoY

Equity

974,1 k €

+8.0% YoY

Workforce

5,7 ETP

+16.3% YoY

What does KERGER do?

KERGER is a Public limited company incorporated in 1994. Its registered office is in Pajottegem. It employs on average 5,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.120.166

Incorporation

09/02/1994

Legal form

Public limited company

Registered office

Van Cauwenberghelaan(HN) 23D
1540 Pajottegem · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

30/06/2025

Average workforce

5,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ 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	568,5 k €	-4.5%	595,3 k €	-26.2%	806,3 k €	+82.2%	442,6 k €	+33.9%	330,4 k €	+51.4%	218,3 k €	-22.2%	280,7 k €	-8.7%	307,6 k €	+0.3%	306,6 k €	-16.2%	365,9 k €	+9.4%	334,6 k €	+2.1%	327,6 k €	-16.8%	393,7 k €	+26.2%	311,9 k €	-3.2%	322,2 k €	-14.6%	377,3 k €	-6.2%	402,2 k €	+27.7%	315 k €	+26.6%	248,7 k €
EBITDA	193,1 k €	-34.7%	295,7 k €	-40.5%	497,4 k €	+183%	175,9 k €	+65.2%	106,5 k €	+147%	43,2 k €	+15.2%	37,5 k €	-41.4%	64 k €	+10.5%	57,9 k €	-19.6%	72 k €	+5.1%	68,5 k €	-13.9%	79,6 k €	-44.1%	142,4 k €	+30.2%	109,4 k €	-20.6%	137,7 k €	-12.7%	157,7 k €	-8.2%	171,8 k €	+55.9%	110,2 k €	+75.9%	62,7 k €
Operating result	132,6 k €	-45.4%	243 k €	-46.1%	450,5 k €	+240%	132,5 k €	+101%	65,9 k €	+99.9%	33 k €	+35.9%	24,3 k €	-45.8%	44,8 k €	+26.9%	35,3 k €	-28.4%	49,3 k €	+19.1%	41,4 k €	-30.9%	59,9 k €	-5.1%	63,1 k €	+102%	31,3 k €	-40.1%	52,3 k €	-27.3%	71,9 k €	-8.0%	78,2 k €	-5.9%	83,1 k €	+121%	37,6 k €
Net result	72,3 k €	-55.2%	161,3 k €	-50.5%	325,9 k €	+246%	94,3 k €	+121%	42,7 k €	+344%	9,6 k €	+5.5%	9,1 k €	-24.3%	12 k €	+40.4%	8,6 k €	-54.9%	19 k €	+40.1%	13,6 k €	-48.7%	26,5 k €	-20.5%	33,3 k €	+276%	8,9 k €	+230%	2,7 k €	-89.8%	26,4 k €	-34.7%	40,4 k €	-19.8%	50,3 k €	+256%	14,1 k €
Balance sheet
Equity	974,1 k €	+8.0%	901,7 k €	+7.3%	840,4 k €	+36.3%	616,5 k €	+3.2%	597,2 k €	+7.7%	554,6 k €	+1.8%	545 k €	+1.7%	535,8 k €	+2.3%	523,8 k €	+1.7%	515,2 k €	+3.8%	496,2 k €	+2.8%	482,6 k €	+4.7%	461,1 k €	+7.8%	427,7 k €	+2.1%	418,8 k €	+0.6%	416,2 k €	+6.8%	389,8 k €	+6.1%	367,4 k €	+9.6%	335,1 k €
Total assets	1,7 M €	-8.6%	1,8 M €	+1.4%	1,8 M €	-5.6%	1,9 M €	+19.8%	1,6 M €	-9.4%	1,8 M €	+14.8%	1,5 M €	-11.9%	1,8 M €	+15.9%	1,5 M €	-6.1%	1,6 M €	+1.4%	1,6 M €	+3.5%	1,5 M €	-6.5%	1,6 M €	-2.5%	1,7 M €	-2.3%	1,7 M €	+2.9%	1,7 M €	+0.8%	1,7 M €	+37.8%	1,2 M €	+6.5%	1,1 M €
Cash	550,1 k €	-18.1%	672 k €	-9.1%	739 k €	-10.4%	824,9 k €	+72.4%	478,4 k €	+54.5%	309,5 k €	+882%	31,5 k €	-41.2%	53,6 k €	+62.8%	32,9 k €	-6.2%	35,1 k €	-25.7%	47,3 k €	+114%	22,1 k €	-82.1%	123,7 k €	+25.9%	98,2 k €	+17.4%	83,7 k €	+5.6%	79,2 k €	+18.6%	66,8 k €	-2.0%	68,1 k €	-11.2%	76,7 k €
Debts	699,6 k €	-24.7%	928,8 k €	-3.4%	961,6 k €	-25.7%	1,3 M €	+30.3%	992,9 k €	-18.6%	1,2 M €	+21.8%	1 M €	-17.9%	1,2 M €	+23.5%	987,8 k €	-9.8%	1,1 M €	+0.2%	1,1 M €	+3.9%	1,1 M €	-11.0%	1,2 M €	-5.6%	1,3 M €	-4.3%	1,3 M €	+3.6%	1,3 M €	-1.1%	1,3 M €	+51.8%	839,6 k €	+5.2%	798,1 k €
Other
Workforce	5,7 ETP	+16.3%	4,9 ETP	+4.3%	4,7 ETP	-14.5%	5,5 ETP	0.0%	5,5 ETP	+7.8%	5,1 ETP	-21.5%	6,5 ETP	+3.2%	6,3 ETP	+5.0%	6,0 ETP	-14.3%	7,0 ETP	+22.8%	5,7 ETP	0.0%	5,7 ETP	+1.8%	5,6 ETP	+27.3%	4,4 ETP	-2.2%	4,5 ETP	-15.1%	5,3 ETP	0.0%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 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 30/06/2025 · 2 active · 2 ended

Active mandates

Christine Willems

Director

Active

Geert Kerger

Managing director

Active

Ended mandates

Christine Willems

Director · since 31 décembre 2017 · until 31 décembre 2023

Ended

Geert Kerger

Managing director · since 31 décembre 2017 · until 31 décembre 2023

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	30/01/2024	31/01/2023	31/01/2022	26/02/2021
General meeting	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	31/12/2023	30/01/2024	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	26/02/2021	Dutch	PDF
Abridged model	30/06/2019	14/12/2019	29/01/2020	Dutch	PDF
Abridged model	30/06/2018	31/12/2018	11/02/2019	Dutch	PDF
Abridged model	30/06/2017	31/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	31/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	31/12/2015	14/01/2016	Dutch	PDF
Abridged model	30/06/2014	31/12/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	28/02/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	14/02/2013	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	13/02/2012	Dutch	PDF
Abridged model	30/06/2010	30/12/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	30/12/2009	11/02/2010	Dutch	PDF
Abridged model	30/06/2008	30/12/2008	06/02/2009	Dutch	PDF
Abridged model	30/06/2007	29/12/2007	09/01/2008	Dutch	PDF
Abridged model	30/06/2006	30/12/2006	19/01/2007	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 30/06/2025 · 2 active · 2 ended

Active mandates

Christine Willems

Director

Active

Geert Kerger

Managing director

Active

Ended mandates

Christine Willems

Director · since 31 décembre 2017 · until 31 décembre 2023

Ended

Geert Kerger

Managing director · since 31 décembre 2017 · until 31 décembre 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2005
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202572,3 k €↓
2024
Annual accounts 2024161,3 k €↓
2023
Annual accounts 2023325,9 k €↑
2022
Annual accounts 202294,3 k €↑
2021
Annual accounts 202142,7 k €↑
2020
Annual accounts 20209,6 k €↑
2019
Annual accounts 20199,1 k €↓
2018
Annual accounts 201812 k €↑
2017
Annual accounts 20178,6 k €↓
2016
Annual accounts 201619 k €↑
2015
Annual accounts 201513,6 k €↓
2014
Annual accounts 201426,5 k €↓
2013
Annual accounts 201333,3 k €↑
2012
Annual accounts 20128,9 k €↑
2011
Annual accounts 20112,7 k €↓
2010
Annual accounts 201026,4 k €↓
2009
Annual accounts 200940,4 k €↓
2008
Annual accounts 200850,3 k €↑
2007
Annual accounts 200714,1 k €
09/02/1994
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

KERGER

Overview

What does KERGER do?

Trend over 19 financial years

Indicative valuation

Board of directors

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