ACTIVE

GERMANUS

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Financial year 2025 · closed on 31/12/2025

Net result

-215,4 k €

-134.9% YoY

Revenue

1,1 M €

-27.4% YoY

Equity

14,7 M €

-1.4% YoY

Workforce

1,0 ETP

-33.3% YoY

What does GERMANUS do?

GERMANUS is a Private limited company incorporated in 1994. Its main activity is: Sea and coastal passenger water transport. Its registered office is in Leuven. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.646.144

Incorporation

05/05/1994

Legal form

Private limited company

Registered office

Erasme Ruelensvest 155
3001 Leuven · FlandreSee on map

Contributed capital

8 880 760,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

50103Sea and coastal passenger water transport· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities 45113Sale of cars and light motor vehicles+1

Joint committees (4)

112
2000
218
323

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,1 M €	-27.4%	1,5 M €	+250%	428,4 k €	-53.0%	911,4 k €	-73.2%	3,4 M €	+380%	708,3 k €	+66.1%	426,5 k €	-10.4%	475,9 k €	-1.0%	480,9 k €	+0.8%	477 k €	-47.6%	910,3 k €	+32.7%	685,8 k €	-14.0%	797,1 k €	-24.6%	1,1 M €		–		–		–
EBITDA	-266,3 k €	-37.6%	-193,6 k €	-133%	-83,2 k €	-112%	715,5 k €	-29.0%	1 M €	+1237%	75,4 k €	-79.7%	370,9 k €	+98.4%	187 k €	+1.5%	184,3 k €	+8.5%	169,7 k €	+9.6%	154,8 k €	+57.7%	98,2 k €	-77.2%	431 k €	+39.4%	309,2 k €	+52.3%	203 k €	-46.5%	379,3 k €	-28.3%	529,2 k €
Operating result	-645,4 k €	-1.0%	-639,1 k €	-20.8%	-528,9 k €	-383%	186,7 k €	-72.3%	674,3 k €	+358%	-260,8 k €	-617%	50,5 k €	+141%	-122,8 k €	-64.8%	-74,5 k €	+0.5%	-74,9 k €	-40.8%	-53,2 k €	+75.2%	-214,6 k €	-231%	163,5 k €	+5.6%	154,7 k €	+48363%	319,3 €	-99.9%	235,7 k €	-44.8%	427,3 k €
Net result	-215,4 k €	-135%	617,7 k €	+47.5%	418,7 k €	-10.5%	468,1 k €	-5.1%	493,3 k €	+215%	-428,8 k €	-116%	2,6 M €	+728%	314,1 k €	+349%	-126,4 k €	-47.1%	-85,9 k €	-184%	102,5 k €	+140%	-255,8 k €	-299%	128,5 k €	-14.5%	150,3 k €	+396%	-50,7 k €	-138%	134,8 k €	-39.1%	221,5 k €
Balance sheet
Equity	14,7 M €	-1.4%	14,9 M €	+4.3%	14,3 M €	+3.0%	13,9 M €	+153%	5,5 M €	+9.9%	5 M €	-7.9%	5,4 M €	+92.1%	2,8 M €	+12.5%	2,5 M €	-4.8%	2,6 M €	-3.2%	2,7 M €	+3.9%	2,6 M €	-8.9%	2,9 M €	+4.7%	2,7 M €	+5.8%	2,6 M €	-1.9%	2,6 M €	+5.4%	2,5 M €
Total assets	32,4 M €	-2.8%	33,3 M €	+5.3%	31,6 M €	+15.8%	27,3 M €	+118%	12,5 M €	+25.4%	10 M €	-9.4%	11 M €	+54.3%	7,1 M €	-6.1%	7,6 M €	+13.7%	6,7 M €	+5.3%	6,4 M €	+26.1%	5 M €	+8.7%	4,6 M €	+22.3%	3,8 M €	-16.1%	4,5 M €	+15.1%	3,9 M €	+20.0%	3,3 M €
Cash	508,9 k €	-14.3%	593,5 k €	+4005%	14,5 k €	-93.5%	223,4 k €	+146%	90,8 k €	-92.0%	1,1 M €	+251744%	449,6 €	-0.1%	450 €	+0.1%	449,6 €	-99.6%	103,6 k €	+22951%	449,6 €	-89.7%	4,4 k €	-66.1%	12,9 k €	-96.8%	410,3 k €	-35.4%	635,2 k €	+44.9%	438,4 k €	-17.4%	530,7 k €
Debts	17,7 M €	-3.7%	18,4 M €	+6.0%	17,3 M €	+29.2%	13,4 M €	+94.4%	6,9 M €	+40.0%	4,9 M €	-12.1%	5,6 M €	+29.6%	4,3 M €	-15.2%	5,1 M €	+25.6%	4,1 M €	+11.6%	3,6 M €	+52.2%	2,4 M €	+38.3%	1,7 M €	+70.9%	1 M €	-46.4%	1,9 M €	+52.2%	1,2 M €	+73.2%	715,6 k €
Other
Workforce	1,0 ETP	-33.3%	1,5 ETP	-6.3%	1,6 ETP	+23.1%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-8.3%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-41.2%	1,7 ETP	-34.6%	2,6 ETP	+30.0%	2,0 ETP	-23.1%	2,6 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 31/12/2025 · 2 active · 3 ended

Active mandates

Milio

Director · since 26 juin 2020 · 0731.602.209

Represented by Sneyers Jens

Active

Steven Lismont

Director · since 26 juin 2020

Active

Ended mandates

Milio

Director · since 26 juin 2020 · 0731.602.209

Represented by Jens SNEYERS

Ended

Steven LISMONT

Director · since 01 juillet 2006

Ended

Steven Lismont

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Ma Charbab● Active	0722.955.351

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	31/07/2026	30/08/2025	31/07/2024	31/07/2023	28/01/2022	22/01/2021
General meeting	26/06/2026	25/05/2025	25/05/2024	25/05/2023	30/11/2021	24/11/2020
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
Full model	31/12/2025	26/06/2026	31/07/2026	Dutch	PDF
Full model	31/12/2024	25/05/2025	30/08/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	25/05/2023	31/07/2023	Dutch	PDF
Full model	30/06/2021	30/11/2021	28/01/2022	Dutch	PDF
Full model	30/06/2020	24/11/2020	22/01/2021	Dutch	PDF
Full model	30/06/2019	26/11/2019	15/01/2020	Dutch	PDF
Full model	30/06/2018	27/11/2018	30/01/2019	Dutch	PDF
Full model	30/06/2017	28/11/2017	22/12/2017	Dutch	PDF
Full model	30/06/2016	29/11/2016	17/01/2017	Dutch	PDF
Full model	30/06/2015	24/11/2015	25/11/2015	Dutch	PDF
Full model	30/06/2014	25/11/2014	13/01/2015	Dutch	PDF
Full model	30/06/2013	26/11/2013	14/02/2014	Dutch	PDF
Full model	30/06/2012	27/11/2012	26/12/2012	Dutch	PDF
Full model	30/06/2011	29/11/2011	30/01/2012	Dutch	PDF
Full model	30/06/2010	30/11/2010	23/12/2010	Dutch	PDF
Abridged model	30/06/2009	24/11/2009	05/01/2010	Dutch	PDF
Abridged model	30/06/2008	25/11/2008	08/12/2008	Dutch	PDF
Abridged model	30/06/2007	27/11/2007	10/12/2007	Dutch	PDF
Abridged model	30/06/2006	28/11/2006	16/01/2007	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 31/12/2025 · 2 active · 3 ended

Active mandates

Milio

Director · since 26 juin 2020 · 0731.602.209

Represented by Sneyers Jens

Active

Steven Lismont

Director · since 26 juin 2020

Active

Ended mandates

Milio

Director · since 26 juin 2020 · 0731.602.209

Represented by Jens SNEYERS

Ended

Steven LISMONT

Director · since 01 juillet 2006

Ended

Steven Lismont

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/07/2022
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares07/06/2021
KAPITAAL - AANDELEN
PDF
Mandates02/07/2020
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/10/2013
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares07/07/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office21/06/2005
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 2025-215,4 k €↓
2024
Annual accounts 2024617,7 k €↑
2023
Annual accounts 2023418,7 k €↓
2022
Annual accounts 2022468,1 k €↓
2019
Annual accounts 2019493,3 k €↑
2018
Annual accounts 2018-428,8 k €↓
2017
Annual accounts 20172,6 M €↑
2016
Annual accounts 2016314,1 k €↑
2015
Annual accounts 2015-126,4 k €↓
2014
Annual accounts 2014-85,9 k €↓
2013
Annual accounts 2013102,5 k €↑
2012
Annual accounts 2012-255,8 k €↓
2011
Annual accounts 2011128,5 k €↓
2010
Annual accounts 2010150,3 k €↑
2009
Annual accounts 2009-50,7 k €↓
2008
Annual accounts 2008134,8 k €↓
2007
Annual accounts 2007221,5 k €
05/05/1994
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

GERMANUS

Overview

What does GERMANUS 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