ACTIVE

GERDO

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Financial year 2025 · closed on 30/09/2025

Net result

765,5 k €

-19.0% YoY

Gross margin

1,4 M €

-15.7% YoY

Equity

4,2 M €

+13.4% YoY

Workforce

5,3 ETP

+6.0% YoY

What does GERDO do?

GERDO is a Public limited company incorporated in 2002. Its registered office is in Tielt. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.420.043

Incorporation

26/04/2002

Legal form

Public limited company

Registered office

Oude Vijfstraat 6
8760 Tielt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

5,3 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 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	1,4 M €	-15.7%	1,7 M €	+21.5%	1,4 M €	+18.3%	1,1 M €	+13.3%	1 M €	+6.9%	949 k €	+49.8%	633,7 k €	+96.2%	323 k €	-18.4%	395,7 k €	-0.2%	396,5 k €	+2.2%	388,1 k €	+26.2%	307,6 k €	-7.7%	333,1 k €	-25.8%	448,7 k €	+5.2%	426,5 k €	+33.6%	319,3 k €	-11.3%	360,1 k €	-25.4%	482,8 k €	+79.0%	269,7 k €
EBITDA	822,3 k €	-42.1%	1,4 M €	+23.2%	1,2 M €	+20.7%	955,9 k €	+17.6%	813,1 k €	+2.2%	795,6 k €	+65.9%	479,5 k €	+96.0%	244,7 k €	-3.2%	252,7 k €	+6.3%	237,8 k €	+11.6%	213,1 k €	+11.4%	191,2 k €	+8.7%	175,8 k €	-42.7%	306,7 k €	+16.9%	262,3 k €	+42.6%	183,9 k €	-11.1%	206,8 k €	-42.8%	361,4 k €	+56.9%	230,3 k €
Operating result	974,4 k €	-27.9%	1,4 M €	+24.7%	1,1 M €	+28.6%	842,6 k €	+18.9%	708,9 k €	+2.1%	694,7 k €	+69.3%	410,4 k €	+156%	160 k €	-24.9%	212,9 k €	+6.3%	200,3 k €	+44.7%	138,4 k €	+7.7%	128,5 k €	+375%	-46,7 k €	-132%	146,6 k €	-31.9%	215,5 k €	+92.9%	111,7 k €	-21.9%	143,1 k €	-48.2%	276,2 k €	+58.7%	174 k €
Net result	765,5 k €	-19.0%	945,4 k €	+18.3%	799,5 k €	+48.7%	537,6 k €	+6.4%	505,4 k €	+7.1%	472 k €	+74.6%	270,4 k €	+168%	101 k €	-23.9%	132,8 k €	+1.2%	131,2 k €	+31.2%	100 k €	+50.3%	66,6 k €	+256%	-42,6 k €	-137%	116,4 k €	-38.0%	187,7 k €	+108%	90,1 k €	-35.2%	139 k €	-42.2%	240,6 k €	+52.1%	158,2 k €
Balance sheet
Equity	4,2 M €	+13.4%	3,7 M €	+22.0%	3,1 M €	+26.4%	2,4 M €	+28.4%	1,9 M €	+28.5%	1,5 M €	+46.9%	1 M €	-43.3%	1,8 M €	+6.1%	1,7 M €	+8.7%	1,5 M €	+9.4%	1,4 M €	+7.7%	1,3 M €	-4.8%	1,4 M €	-9.4%	1,5 M €	+1.1%	1,5 M €	+14.4%	1,3 M €	+7.4%	1,2 M €	+10.8%	1,1 M €	+29.8%	845,3 k €
Total assets	6,4 M €	+0.5%	6,3 M €	+15.8%	5,5 M €	+14.2%	4,8 M €	+36.9%	3,5 M €	+2.8%	3,4 M €	+16.5%	2,9 M €	+9.9%	2,7 M €	+19.6%	2,2 M €	+4.3%	2,1 M €	-3.5%	2,2 M €	+17.4%	1,9 M €	-1.1%	1,9 M €	-17.5%	2,3 M €	+17.8%	2 M €	+17.0%	1,7 M €	+8.9%	1,5 M €	+6.8%	1,4 M €	+14.8%	1,3 M €
Cash	545,3 k €	+65.3%	329,9 k €	-51.6%	681,3 k €	-7.1%	733,3 k €	-34.3%	1,1 M €	+57.5%	708,6 k €	-16.7%	850,3 k €	+4.5%	813,4 k €	-21.8%	1 M €	+20.8%	860,6 k €	+81.3%	474,8 k €	-52.9%	1 M €	-9.2%	1,1 M €	-2.8%	1,1 M €	+34.3%	850,5 k €	+10.8%	767,4 k €	+3.4%	741,9 k €	+56.1%	475,3 k €	-9.5%	525,4 k €
Debts	2,1 M €	-18.9%	2,6 M €	+9.1%	2,4 M €	+1.6%	2,3 M €	+48.3%	1,6 M €	-17.8%	1,9 M €	+0.5%	1,9 M €	+119%	865,5 k €	+84.1%	470 k €	-9.2%	517,9 k €	-29.8%	737,6 k €	+42.1%	519 k €	+8.7%	477,3 k €	-36.0%	746,1 k €	+78.1%	418,9 k €	+27.7%	328,1 k €	+29.1%	254,1 k €	-12.2%	289,5 k €	-22.1%	371,9 k €
Other
Workforce	5,3 ETP	+6.0%	5,0 ETP	+2.0%	4,9 ETP	+6.5%	4,6 ETP	-16.4%	5,5 ETP	+22.2%	4,5 ETP	+12.5%	4,0 ETP	+29.0%	3,1 ETP	-18.4%	3,8 ETP	+65.2%	2,3 ETP	-37.8%	3,7 ETP	+42.3%	2,6 ETP	-16.1%	3,1 ETP	0.0%	3,1 ETP	-11.4%	3,5 ETP	-7.9%	3,8 ETP	+15.2%	3,3 ETP	-26.7%	4,5 ETP	+73.1%	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 30/09/2025 · 2 active · 17 ended

Active mandates

IMMO STEFAAN DOBBELS

Director · since 01 juillet 2024 · until 01 juillet 2030 · 0477.420.142

Represented by Vanden Berghe Leentje

Active

Stefaan Dobbels

Managing director · since 01 juillet 2024 · until 01 juillet 2030

Active

Ended mandates

IMMO STEFAAN DOBBELS

Director · since 01 juillet 2024 · until 01 juillet 2030 · 0477.420.142

Represented by Vanden BERGHE LEENTJE

Ended

Leentje Vanden Berghe

Director · since 13 février 2020 · until 12 février 2026

Ended

Leentje Vanden Berghe

Director · since 13 février 2020

Ended

Leentje Vandenberghe

Director · since 13 février 2020

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO STEFAAN DOBBELS● Active	0477.420.142

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	26/02/2026	21/02/2025	12/02/2024	09/03/2023	06/12/2023	11/05/2021
General meeting	12/02/2026	13/02/2025	08/02/2024	09/02/2023	10/02/2022	11/02/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	12/02/2026	26/02/2026	Dutch	PDF
Abridged model	30/09/2024	13/02/2025	21/02/2025	Dutch	PDF
Abridged model	30/09/2023	08/02/2024	12/02/2024	Dutch	PDF
Abridged model	30/09/2022	09/02/2023	09/03/2023	Dutch	PDF
Abridged modelCorrection	30/09/2021	10/02/2022	06/12/2023	Dutch	PDF
Abridged model	30/09/2021	10/02/2022	11/02/2022	Dutch	PDF
Abridged modelCorrection	30/09/2020	11/02/2021	11/05/2021	Dutch	PDF
Abridged model	30/09/2020	11/02/2021	10/03/2021	Dutch	PDF
Abridged model	30/09/2019	13/02/2020	13/02/2020	Dutch	PDF
Abridged model	30/09/2018	14/02/2019	15/02/2019	Dutch	PDF
Abridged model	30/09/2017	08/02/2018	09/02/2018	Dutch	PDF
Abridged model	30/09/2016	09/02/2017	08/03/2017	Dutch	PDF
Abridged model	30/09/2015	11/02/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	12/02/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	13/02/2014	10/03/2014	Dutch	PDF
Abridged model	30/09/2012	14/02/2013	24/04/2013	Dutch	PDF
Abridged model	30/09/2011	09/02/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	10/02/2011	25/02/2011	Dutch	PDF
Abridged model	30/09/2009	11/02/2010	17/02/2010	Dutch	PDF
Abridged model	30/09/2008	12/02/2009	03/03/2009	Dutch	PDF
Abridged model	30/09/2007	14/02/2008	29/05/2008	Dutch	PDF
Abridged model	30/09/2006	08/02/2007	26/03/2007	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 · 2 active · 17 ended

Active mandates

IMMO STEFAAN DOBBELS

Director · since 01 juillet 2024 · until 01 juillet 2030 · 0477.420.142

Represented by Vanden Berghe Leentje

Active

Stefaan Dobbels

Managing director · since 01 juillet 2024 · until 01 juillet 2030

Active

Ended mandates

IMMO STEFAAN DOBBELS

Director · since 01 juillet 2024 · until 01 juillet 2030 · 0477.420.142

Represented by Vanden BERGHE LEENTJE

Ended

Leentje Vanden Berghe

Director · since 13 février 2020 · until 12 février 2026

Ended

Leentje Vanden Berghe

Director · since 13 février 2020

Ended

Leentje Vandenberghe

Director · since 13 février 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/02/2019
DOEL - KAPITAAL - AANDELEN
PDF
Mandates03/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares22/12/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other04/02/2013
DOEL
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 2025765,5 k €↓
2024
Annual accounts 2024945,4 k €↑
2023
Annual accounts 2023799,5 k €↑
2022
Annual accounts 2022537,6 k €↑
2021
Annual accounts 2021505,4 k €↑
2020
Annual accounts 2020472 k €↑
2019
Annual accounts 2019270,4 k €↑
2018
Annual accounts 2018101 k €↓
2017
Annual accounts 2017132,8 k €↑
2016
Annual accounts 2016131,2 k €↑
2015
Annual accounts 2015100 k €↑
2014
Annual accounts 201466,6 k €↑
2013
Annual accounts 2013-42,6 k €↓
2012
Annual accounts 2012116,4 k €↓
2011
Annual accounts 2011187,7 k €↑
2010
Annual accounts 201090,1 k €↓
2009
Annual accounts 2009139 k €↓
2008
Annual accounts 2008240,6 k €↑
2007
Annual accounts 2007158,2 k €
26/04/2002
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

GERDO

Overview

What does GERDO 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