ACTIVE

GRAMACO

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Financial year 2025 · closed on 31/12/2025

Net result

66,7 k €

+363.7% YoY

Gross margin

1,2 M €

+12.7% YoY

Equity

1,3 M €

+5.5% YoY

Workforce

12,4 ETP

+6.9% YoY

What does GRAMACO do?

GRAMACO is a Public limited company incorporated in 2001. Its registered office is in Londerzeel. It employs on average 12,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.040.978

Incorporation

09/02/2001

Legal form

Public limited company

Registered office

Autostrade 50
1840 Londerzeel · FlandreSee on map

Contributed capital

420 206,14 €

Latest accounts

31/12/2025

Average workforce

12,4 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+12.7%	1 M €	-0.6%	1,1 M €	-4.3%	1,1 M €	+22.1%	899,4 k €	+1.7%	884,2 k €	-1.1%	894,5 k €	+28.7%	694,9 k €	-0.7%	699,8 k €	+41.5%	494,6 k €	-7.9%	537,2 k €	+10.0%	488,2 k €	+25.9%	387,9 k €	-9.3%	427,8 k €	-14.7%	501,7 k €	+20.1%	417,8 k €	+8.3%	385,8 k €	+24.2%	310,7 k €	-14.4%	362,9 k €	-15.3%	428,3 k €
EBITDA	315,1 k €	+14.6%	274,9 k €	-16.4%	328,8 k €	-33.3%	492,9 k €	+27.9%	385,5 k €	-16.0%	459 k €	-5.3%	484,8 k €	+48.3%	326,8 k €	-1.7%	332,6 k €	+174%	121,6 k €	-15.6%	144,1 k €	+18.6%	121,5 k €	-14.0%	141,3 k €	+14.0%	123,9 k €	-43.1%	217,8 k €	+10.1%	197,8 k €	+33.2%	148,5 k €	+115%	69,1 k €	-41.0%	117,2 k €	-39.9%	195 k €
Operating result	102,6 k €	+206%	33,6 k €	-43.5%	59,4 k €	-62.3%	157,7 k €	+14.3%	138 k €	-43.2%	243 k €	-11.8%	275,5 k €	+103%	135,9 k €	+20.5%	112,7 k €	+206%	-106,2 k €	-48.0%	-71,7 k €	+62.0%	-188,6 k €	-13.9%	-165,5 k €	-119%	-75,5 k €	-157%	131,9 k €	+32.9%	99,2 k €	+84.8%	53,7 k €	+298%	-27,2 k €	-155%	49,2 k €	-56.4%	112,9 k €
Net result	66,7 k €	+364%	14,4 k €	-28.4%	20,1 k €	-79.1%	95,9 k €	+10.1%	87,1 k €	-59.4%	214,5 k €	-10.1%	238,5 k €	+82.0%	131 k €	+67.7%	78,1 k €	+151%	-152,8 k €	-25.7%	-121,5 k €	-461%	33,7 k €	+115%	-223,2 k €	-112%	-105,5 k €	-217%	90,1 k €	+3.5%	87 k €	+80.1%	48,3 k €	+217%	-41,2 k €	-185%	48,4 k €	-34.5%	74 k €
Balance sheet
Equity	1,3 M €	+5.5%	1,2 M €	+1.2%	1,2 M €	+1.7%	1,2 M €	+8.9%	1,1 M €	+8.8%	995,1 k €	+27.5%	780,6 k €	+44.0%	542 k €	+31.9%	411 k €	+23.5%	332,9 k €	-31.5%	485,6 k €	-20.0%	607,1 k €	+5.9%	573,4 k €	-28.0%	796,6 k €	-11.7%	902,1 k €	+11.1%	812 k €	+12.0%	725 k €	+7.1%	676,7 k €	-5.7%	717,9 k €	+7.2%	669,5 k €
Total assets	2,2 M €	-1.3%	2,2 M €	-11.7%	2,5 M €	-14.1%	2,9 M €	+1.8%	2,9 M €	+7.8%	2,7 M €	+15.2%	2,3 M €	+1.4%	2,3 M €	-0.6%	2,3 M €	-6.7%	2,5 M €	-9.3%	2,7 M €	+1.2%	2,7 M €	-6.2%	2,9 M €	-1.4%	2,9 M €	+148%	1,2 M €	+16.0%	1 M €	+4.0%	970,4 k €	+1.3%	957,7 k €	+3.7%	923,6 k €	+9.0%	847,4 k €
Cash	308,4 k €	+149%	123,9 k €	-16.8%	149 k €	-59.8%	370,6 k €	+25.4%	295,5 k €	-1.9%	301,3 k €	+111%	142,8 k €	+21.0%	118 k €	+9.4%	107,9 k €	+97.7%	54,6 k €	-66.0%	160,6 k €	-8.4%	175,3 k €	+106%	85,1 k €	-57.7%	201,3 k €	+112%	95,1 k €	+29.8%	73,3 k €	+37.0%	53,5 k €	+92.3%	27,8 k €	-84.9%	184,4 k €	+9.6%	168,2 k €
Debts	823,3 k €	-13.5%	951,3 k €	-24.3%	1,3 M €	-25.8%	1,7 M €	-2.9%	1,7 M €	+4.6%	1,7 M €	+12.0%	1,5 M €	-12.5%	1,7 M €	-7.9%	1,8 M €	-11.8%	2,1 M €	-5.1%	2,2 M €	+7.1%	2,1 M €	-9.7%	2,3 M €	+8.1%	2,1 M €	+685%	268,5 k €	+35.9%	197,5 k €	-19.5%	245,4 k €	-12.7%	281 k €	+36.7%	205,6 k €	+15.6%	177,9 k €
Other
Workforce	12,4 ETP	+6.9%	11,6 ETP	+8.4%	10,7 ETP	+16.3%	9,2 ETP	+7.0%	8,6 ETP	+4.9%	8,2 ETP	+12.3%	7,3 ETP	+15.9%	6,3 ETP	+6.8%	5,9 ETP	-23.4%	7,7 ETP	-8.3%	8,4 ETP	+9.1%	7,7 ETP	+22.2%	6,3 ETP	-10.0%	7,0 ETP	+6.1%	6,6 ETP	+17.9%	5,6 ETP	-6.7%	6,0 ETP	+3.4%	5,8 ETP	-20.5%	7,3 ETP	+4.3%	7,0 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 31/12/2025 · 2 active · 16 ended

Active mandates

Jan Hermans

Managing director · since 23 octobre 2024 · until 22 septembre 2029

Active

Emmanuel Isebaert

Managing director · since 27 février 2023 · until 22 juin 2029

Active

Ended mandates

Emmanuel Isebaert

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

Jan Hermans

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

Martine Hermans

Director · since 21 juin 2018 · until 21 juin 2024

Ended

Paul Hermans

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
ALJ● Active	0724.977.208

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	26/08/2026	29/08/2025	29/08/2024	17/08/2023	25/07/2022	15/09/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	30/06/2022	18/06/2021
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	18/06/2026	26/08/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	17/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	15/09/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	20/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	12/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	22/08/2007	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 31/12/2025 · 2 active · 16 ended

Active mandates

Jan Hermans

Managing director · since 23 octobre 2024 · until 22 septembre 2029

Active

Emmanuel Isebaert

Managing director · since 27 février 2023 · until 22 juin 2029

Active

Ended mandates

Emmanuel Isebaert

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

Jan Hermans

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

Martine Hermans

Director · since 21 juin 2018 · until 21 juin 2024

Ended

Paul Hermans

Managing director · since 21 juin 2018 · until 21 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other18/04/2014
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/09/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2003
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 202566,7 k €↑
2024
Annual accounts 202414,4 k €↓
2023
Annual accounts 202320,1 k €↓
2022
Annual accounts 202295,9 k €↑
2021
Annual accounts 202187,1 k €↓
2020
Annual accounts 2020214,5 k €↓
2019
Annual accounts 2019238,5 k €↑
2018
Annual accounts 2018131 k €↑
2017
Annual accounts 201778,1 k €↑
2016
Annual accounts 2016-152,8 k €↓
2015
Annual accounts 2015-121,5 k €↓
2014
Annual accounts 201433,7 k €↑
2013
Annual accounts 2013-223,2 k €↓
2012
Annual accounts 2012-105,5 k €↓
2011
Annual accounts 201190,1 k €↑
2010
Annual accounts 201087 k €↑
2009
Annual accounts 200948,3 k €↑
2008
Annual accounts 2008-41,2 k €↓
2007
Annual accounts 200748,4 k €↓
2006
Annual accounts 200674 k €
09/02/2001
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

GRAMACO

Overview

What does GRAMACO do?

Trend over 20 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