ACTIVE

GERAN

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Financial year 2025 · closed on 30/09/2025

Net result

11,5 k €

-8.2% YoY

Gross margin

193,1 k €

+13.0% YoY

Equity

344,4 k €

+3.5% YoY

What does GERAN do?

GERAN is a Public limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.598.310

Incorporation

06/07/1995

Legal form

Public limited company

Registered office

Bosstraat 63
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

186 973,38 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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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	193,1 k €	+13.0%	170,9 k €	+89.4%	90,2 k €	-11.4%	101,8 k €	-23.1%	132,3 k €	+55.3%	85,2 k €	+2.0%	83,5 k €	-6.0%	88,8 k €	+11.1%	80,0 k €	-10.5%	89,3 k €	+5.2%	84,9 k €	+9.7%	77,4 k €	+40.5%	55,1 k €	+28.6%	42,8 k €	+46.1%	29,3 k €	-30.9%	42,4 k €	-12.3%	48,4 k €	-9.9%	53,7 k €	+7.3%	50,0 k €
EBITDA	186,6 k €	+13.3%	164,7 k €	+92.8%	85,4 k €	-11.2%	96,2 k €	-24.5%	127,5 k €	+57.9%	80,7 k €	+2.1%	79,0 k €	-6.9%	84,9 k €	+13.1%	75,0 k €	-11.9%	85,1 k €	+5.5%	80,7 k €	+10.3%	73,1 k €	+44.0%	50,8 k €	+30.4%	39,0 k €	+53.8%	25,3 k €	-31.6%	37,0 k €	-16.0%	44,1 k €	-10.4%	49,2 k €	+4.3%	47,2 k €
Operating result	45,4 k €	-3.8%	47,1 k €	+455%	8,5 k €	-73.8%	32,5 k €	-51.2%	66,5 k €	+501%	11,1 k €	-61.1%	28,4 k €	-16.8%	34,2 k €	+36.6%	25,0 k €	-31.0%	36,3 k €	-31.3%	52,9 k €	+5.5%	50,1 k €	+86.5%	26,9 k €	+88.2%	14,3 k €	+3528%	-416,5 €	-104%	10,2 k €	-34.3%	15,4 k €	-3.5%	16,0 k €	-6.7%	17,1 k €
Net result	11,5 k €	-8.2%	12,5 k €	+397%	-4,2 k €	-131%	13,6 k €	-65.6%	39,6 k €	+1554%	-2,7 k €	-126%	10,3 k €	-23.4%	13,5 k €	+99.4%	6,8 k €	-44.7%	12,2 k €	-59.4%	30,1 k €	+16.9%	25,8 k €	+26.7%	20,3 k €	+198%	6,8 k €	+178%	-8,8 k €	-1210%	789,2 €	-84.1%	5,0 k €	+10.0%	4,5 k €	-0.6%	4,5 k €
Balance sheet
Equity	344,4 k €	+3.5%	332,9 k €	+3.9%	320,4 k €	-1.3%	324,6 k €	+4.4%	311,0 k €	+14.6%	271,4 k €	-1.0%	274,2 k €	+3.9%	263,8 k €	+5.4%	250,4 k €	+2.8%	243,6 k €	+5.3%	231,4 k €	+15.0%	201,3 k €	+299%	50,5 k €	+67.4%	30,1 k €	+29.2%	23,3 k €	-27.3%	32,1 k €	+2.5%	31,3 k €	+18.8%	26,3 k €	+20.7%	21,8 k €
Total assets	1,3 M €	-4.1%	1,3 M €	+9.0%	1,2 M €	+30.5%	943,2 k €	+1.6%	928,1 k €	-6.1%	988,7 k €	+64.8%	599,9 k €	-1.1%	606,9 k €	-5.9%	645,0 k €	-4.0%	671,7 k €	-4.6%	704,4 k €	+49.6%	470,8 k €	-4.8%	494,7 k €	-4.6%	518,4 k €	-4.3%	541,5 k €	-4.9%	569,6 k €	-3.3%	588,8 k €	-3.6%	610,9 k €	+2.7%	594,7 k €
Cash	33,3 k €	+269%	9,0 k €	-61.3%	23,3 k €	+38.1%	16,9 k €	+210%	5,5 k €	-58.3%	13,1 k €	+602%	1,9 k €	-90.9%	20,5 k €	+76.5%	11,6 k €	+310%	2,8 k €	-95.3%	60,1 k €	+6366%	929,3 €	-88.5%	8,1 k €	+363%	1,8 k €	+21.6%	1,4 k €	+48.0%	972,9 €	-50.7%	2,0 k €	-60.1%	4,9 k €	+642%	666,5 €
Debts	911,3 k €	-6.9%	979,0 k €	+10.0%	890,1 k €	+47.5%	603,4 k €	+0.3%	601,5 k €	-14.7%	705,2 k €	+125%	313,4 k €	-5.3%	331,1 k €	-11.9%	375,8 k €	-10.1%	418,1 k €	-10.2%	465,6 k €	+80.0%	258,7 k €	-41.8%	444,2 k €	-9.0%	488,2 k €	-5.8%	518,2 k €	-3.6%	537,5 k €	-3.6%	557,5 k €	-4.6%	584,6 k €	+2.1%	572,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 17 ended

Active mandates

Ann Dhont

Director · since 10 août 2023 · until 17 mars 2029

Active

Gert De Smet

Director · since 10 août 2023 · until 17 mars 2029

Active

Ended mandates

Ann Dhont

Director · since 10 août 2023 · until 10 août 2029

Ended

Gert De Smet

Director · since 10 août 2023 · until 10 août 2029

Ended

ANN DHONT

Managing director · since 15 mars 2020 · until 15 mars 2026

Ended

GERT DE SMET

Director · since 15 mars 2020 · until 15 mars 2026

Ended

At this address

Other companies at this address

Company	CBE no.
DHOAN● Active	0668.436.106

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/04/2026	11/04/2025	26/03/2024	05/04/2023	21/03/2022	09/04/2021
General meeting	29/04/2026	10/04/2025	19/03/2024	18/03/2023	19/03/2022	20/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	29/04/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	10/04/2025	11/04/2025	Dutch	PDF
Micro model	30/09/2023	19/03/2024	26/03/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	05/04/2023	Dutch	PDF
Micro model	30/09/2021	19/03/2022	21/03/2022	Dutch	PDF
Micro model	30/09/2020	20/03/2021	09/04/2021	Dutch	PDF
Micro model	30/09/2019	21/03/2020	26/03/2020	Dutch	PDF
Micro model	30/09/2018	16/03/2019	09/04/2019	Dutch	PDF
Micro model	30/09/2017	17/03/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	06/04/2017	Dutch	PDF
Abridged model	30/09/2015	19/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	10/04/2014	Dutch	PDF
Abridged model	30/09/2012	18/03/2013	18/04/2013	Dutch	PDF
Abridged model	30/09/2011	17/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	19/03/2011	11/04/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	31/03/2010	Dutch	PDF
Abridged model	30/09/2008	21/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	17/03/2008	Dutch	PDF
Abridged model	30/09/2006	17/03/2007	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 17 ended

Active mandates

Ann Dhont

Director · since 10 août 2023 · until 17 mars 2029

Active

Gert De Smet

Director · since 10 août 2023 · until 17 mars 2029

Active

Ended mandates

Ann Dhont

Director · since 10 août 2023 · until 10 août 2029

Ended

Gert De Smet

Director · since 10 août 2023 · until 10 août 2029

Ended

ANN DHONT

Managing director · since 15 mars 2020 · until 15 mars 2026

Ended

GERT DE SMET

Director · since 15 mars 2020 · until 15 mars 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/10/2014
KAPITAAL - AANDELEN
PDF
Mandates19/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/08/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2008
ONTSLAGEN - BENOEMINGEN
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 202511,5 k €↓
2024
Annual accounts 202412,5 k €↑
2023
Annual accounts 2023-4,2 k €↓
2022
Annual accounts 202213,6 k €↓
2021
Annual accounts 202139,6 k €↑
2020
Annual accounts 2020-2,7 k €↓
2019
Annual accounts 201910,3 k €↓
2018
Annual accounts 201813,5 k €↑
2017
Annual accounts 20176,8 k €↓
2016
Annual accounts 201612,2 k €↓
2015
Annual accounts 201530,1 k €↑
2014
Annual accounts 201425,8 k €↑
2013
Annual accounts 201320,3 k €↑
2012
Annual accounts 20126,8 k €↑
2011
Annual accounts 2011-8,8 k €↓
2010
Annual accounts 2010789,2 €↓
2009
Annual accounts 20095,0 k €↑
2008
Annual accounts 20084,5 k €↓
2007
Annual accounts 20074,5 k €
06/07/1995
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

GERAN

Overview

What does GERAN 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