GEREFIS

Active

Public limited companyfounded 200026 yrs activeRue de Tombeek 5, 1331 Rixensart, BelgiumKBO/BCE: BE 0470.099.018

Summary

GEREFIS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439.80M and a net result of €2.96M. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

84 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability80=

Solvency100=

Growth85▲+3

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €290k at 30 days acceptable

Liquidity ample (current ratio 2.47 against 2.6 in 2024; short-term debt: 0.7% and cash: 0.2% of total assets), and 0.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

99.1%

Return on assets

0.7%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

4 d early

2024

13 d early

2023

33 d early

2022

34 d early

2021

16 d early

2020

17 d early

2019

16 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€2.95M▲ 100%

2024 · €1.48M

2019: €666k 2021: €779k 2022: €769k 2023: €1.20M 2024: €1.48M

2019 → 2025

EBIT margin

65.8%▲ 23.3pp

2024 · 42.5%

2019: 64.7% 2021: 55.2% 2022: 17.4% 2023: 20.7% 2024: 42.5%

2019 → 2025

Net result

€2.96M▼ 51.2%

2024 · €6.06M

2019: €-1.96M 2021: €3.25M 2022: €4.26M 2023: €2.69M 2024: €6.06M

2019 → 2025

Working capital

€4.73M▲ 25.5%

2024 · €3.77M

2019: €-205.56M 2021: €-1.75M 2022: €989k 2023: €1.90M 2024: €3.77M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€779k-€769k▼ 1.3%€1.20M▲ 56.4%€1.48M▲ 22.7%€2.95M▲ 100%

Equity€432.56M-€435.37M▲ 0.6%€436.60M▲ 0.3%€438.62M▲ 0.5%€439.80M▲ 0.3%

Operating result€430k-€133k▼ 69.0%€248k▲ 86.2%€627k▲ 152%€1.94M▲ 210%

Net result€3.25M-€4.26M▲ 31.1%€2.69M▼ 36.9%€6.06M▲ 126%€2.96M▼ 51.2%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 210% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €443.85M

98.2%

Fixed assets €435.90M =

Current assets €7.95M ▲ 29.7%

Equity and liabilities €443.85M

99.1%

Equity €439.80M ▲ 0.3%

Debt €4.05M ▲ 14.7%

Debt's share of the balance-sheet total rises from 0.8% to 0.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€2.20M▲

2024 · €878k

Cash flow

€3.22M▼

2024 · €6.32M

Current ratio

2.47▼

2024 · 2.60

Debt to equity

0.01▲

2024 · 0.01

ROE

0.7%▼

2024 · 1.4%

ROA

0.7%▼

2024 · 1.4%

Interest coverage

34.03▲

2024 · 9.21

Debt ≤ 1 year

€3.21M▲

2024 · €2.36M

Debt > 1 year

€676k▼

2024 · €1.08M

Income taxes

€530k▲

2024 · €9k

Staff costs

€78k▲

2024 · €64k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines

Balance sheet Code20242025

Assets

Total assets20/58€442.15M€443.85M▲

Fixed assets21/28€436.02M€435.90M=

Tangible fixed assets22/27€7.28M€7.15M▼

Land and buildings22€6.07M€5.95M▼

Plant, machinery and equipment23€30k€24k▼

Furniture and vehicles24€29k€44k▲

Other tangible fixed assets26€1.12M€1.14M▲

Assets under construction and advance payments27€21k-

Financial fixed assets28€428.75M€428.75M=

Affiliated companies280/1€428.66M€428.66M=

Participating interests280€428.66M€428.66M=

Other financial fixed assets284/8€89k€89k=

Shares284€89k€89k=

Amounts receivable and cash guarantees285/8€50€50=

Current assets29/58€6.13M€7.95M▲

Stocks and contracts in progress3€0-

Amounts receivable within one year40/41€778k€2.27M▲

Trade receivables40€753k€2.25M▲

Other amounts receivable41€24k€14k▼

Current investments50/53€4.77M€4.73M▼

Other investments51/53€4.77M€4.73M▼

Cash at bank and in hand54/58€559k€941k▲

Deferred charges and accrued income490/1€15k€11k▼

Equity and liabilities

Total equity and liabilities10/49€442.15M€443.85M▲

Equity10/15€438.62M€439.80M▲

Contributions10/11€35.54M€35.54M=

Capital10€35.54M€35.54M=

Issued capital100€35.54M€35.54M=

Reserves13€192.54M€192.54M=

Non-distributable reserves130/1€3.55M€3.55M=

Legal reserve130€3.55M€3.55M=

Distributable reserves133€188.99M€188.99M=

Profit (loss) carried forward14€210.53M€211.71M▲

Amounts payable17/49€3.53M€4.05M▲

Amounts payable after more than one year17€1.08M€676k▼

Financial debts170/4€1.08M€676k▼

Other loans174€1.08M€676k▼

Amounts payable within one year42/48€2.36M€3.21M▲

Trade debts44€51k€89k▲

Suppliers440/4€51k€89k▲

Taxes, remuneration and social security45€66k€558k▲

Taxes450/3€61k€552k▲

Remuneration and social security454/9€5k€6k▲

Other amounts payable47/48€2.24M€2.57M▲

Accrued charges and deferred income492/3€95k€161k▲

Income statement Code20242025

Operating income70/76A€1.76M€3.13M▲

Turnover70€1.48M€2.95M▲

Other operating income74€167k€160k▼

Non-recurring operating income76A€114k€13k▼

Operating charges60/66A€1.13M€1.18M▲

Services and other goods61€796k€826k▲

Remuneration, social security and pensions62€64k€78k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€258k▲

Other operating charges640/8€18k€21k▲

Non-recurring operating charges66A€1k-

Operating profit (loss)9901€627k€1.94M▲

Financial income75/76B€5.57M€1.65M▼

Recurring financial income75€5.57M€1.65M▼

Income from financial fixed assets750€4.98M€1.45M▼

Income from current assets751€75k€116k▲

Other financial income752/9€508k€83k▼

Financial charges65/66B€120k€103k▼

Recurring financial charges65€120k€103k▼

Debt charges650€95k€65k▼

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-11k€-49k▼

Other financial charges652/9€35k€87k▲

Profit (loss) for the period before taxes9903€6.07M€3.49M▼

Income taxes67/77€9k€530k▲

Taxes670/3€9k€530k▲

Profit (loss) for the period9904€6.06M€2.96M▼

Profit (loss) for the period to be appropriated9905€6.06M€2.96M▼

Appropriation of the result

Profit (loss) to be appropriated9906€214.58M€213.49M▼

Profit (loss) brought forward from the previous period14P€208.51M€210.53M▲

Profit to be distributed694/7€4.04M€1.78M▼

Return on contributions (dividend)694€4.04M€1.78M▼

Directors or managers695€4k€4k=

Social balance

Average headcount (FTE)90871.31.6▲

The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 30Financial 4Gazette 16Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

09-03

State Gazette act Resignation: Barbara du Bois (director)

Appointments: Bajart (director) and Marc du Bois (chair of the board) · Permanent representatives: Barbara du Bois and Louis du Bois · Reappointments: Carine Moumal, Marc du Bois and Beuzz Management S.R.L.20 facts ▸

General meeting, 09-02-2026
Director resignation, Barbara du Bois (director)
Director discharge, Barbara du Bois
Director appointment, Bajart (director)
Permanent representative, Barbara du Bois
Mandate compensation, Bajart
Mandate term, jusqu'à l'assemblée générale ordinaire de 2032
Director reappointment, Carine Moumal (director)
Director reappointment, Marc du Bois (director)
Director reappointment, Beuzz Management S.R.L. (director)
Permanent representative, Louis du Bois
Board meeting, 09-02-2026
+8 further facts in this act

2025

30-07

State Gazette act Resignation: Louis du Bois (director)

Appointment: Beuzz Management (director) · Permanent representative: Louis du Bois4 facts ▸

General meeting, 18-06-2025
Director resignation, Louis du Bois (director)
Director appointment, Beuzz Management (director)
Permanent representative, Louis du Bois

18-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2019net €6.06M ▲126%

Net result €6.06M, the highest in the series.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

25-08

State Gazette act Reappointments: Marc du Bois (director) and Carine Moumal (director)

Appointment: Marc du Bois (chair of the board)5 facts ▸

General meeting, 21-06-2023
Director reappointment, Marc du Bois (director)
Director reappointment, Carine Moumal (director)
Director appointment, Marc du Bois (chair of the board)
Director appointment, Marc du Bois (day-to-day manager)

14-07

State Gazette act Resignations: Thierry Dubois (director) and Jean-Pierre de Chestret de Haneffe (director)

3 facts ▸

General meeting, 21-06-2022
Director resignation, Thierry Dubois (director)
Director resignation, Jean-Pierre de Chestret de Haneffe (director)

27-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Liquidity doublescurrent ratio 1.40

Current ratio from 0.67 to 1.40; short-term debt falls from €5.29M to €2.47M.

15-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €3.25M

Net result €3.25M after one loss-making year.

Show earlier events

31-12

Financial Equity above €250MEq €432.56M ▲3468%

Equity rises from €12.12M to €432.56M.

14-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

25-01

State Gazette act Capital & shares

Capital increase · Share issue · Bank account9 facts ▸

General meeting, 21-12-2020
Capital increase, €5.000.000
Share issue, 6235, 801,9246
Bank account, Banque BNP Paribas Fortis, BE67 0018 9831 8187
Capital, €35.544.311,5
Statutes amendment
Power of attorney, Conseil d'administration
Deposit certificate, 18-12-2020
Share condition, Les actions nouvelles ne participeront aux résultats de la société qu'à partir de la clôture de l'exercice débutant le 1er janvier 2021

2020

18-08

State Gazette act Capital & shares · Statutes amendment · Restructuring

Merger · Net-asset statement · Capital increase14 facts ▸

General meeting, 16-07-2020
Merger, 16-07-2020
Net-asset statement, 31-12-2019
Merger, 16-07-2020
Net-asset statement, 31-12-2019
Capital increase, €27.658.879,62
Share cancellation, 148500, Acquisition d'actions propres dans le cadre du transfert de LOUBARD
Capital decrease, €2.580.088,98
Purpose change, La société a pour objet, tant en Belgique qu'à l'étranger, exclusivement en son propre nom et pour son propre compte: toutes activités et opérations de nature f…
Statutes amendment
Capital, €30.544.311,5
Power of attorney
+2 further facts in this act

06-08

State Gazette act Reappointments: Barbara du Bois (director) and Louis-Guy du Bois (director)

3 facts ▸

General meeting, 17-06-2020
Director reappointment, Barbara du Bois (director)
Director reappointment, Louis-Guy du Bois (director)

15-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

03-04

State Gazette act Restructuring

Merger · Capital · Share issue17 facts ▸

Merger, absorption
Merger, absorption
Capital, €49.364.500
Capital, €61.500
Capital, €5.465.520,86
Share issue, 731051, fusion
Share cancellation, 148500
Capital, €30.544.311,5
Accounting effect, 01-01-2020
Exchange ratio, 1:5.3255
Exchange ratio, 1:232.4959
Merger effective date, 01-01-2020
+5 further facts in this act

2019

01-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

03-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-08

State Gazette act Reappointments: Marc du Bois (director) and Carine Moumal (director)

6 facts ▸

General meeting, 21-06-2017
Board meeting, 21-06-2017
Director reappointment, Marc du Bois (director)
Director reappointment, Carine Moumal (director)
Director reappointment, Marc du Bois (chair of the board)
Director reappointment, Marc du Bois (managing director)

17-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

23-08

State Gazette act Reappointments: Thierry Dubois (director) and Jean-Pierre de Chestret de Haneffe (director)

3 facts ▸

General meeting, 15/06/2016
Director reappointment, Thierry Dubois (director)
Director reappointment, Jean-Pierre de Chestret de Haneffe (director)

2015

12-02

State Gazette act Appointments: Louis Guy du Bois, Barbara du Bois and Marc du Bois

4 facts ▸

General meeting, 18-06-2014
Director appointment, Louis Guy du Bois (director)
Director appointment, Barbara du Bois (director)
Director appointment, Marc du Bois (managing director)

2013

27-06

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 18-03-2013
Registered-office move, rue de Tombeek 5, 1331 Rosières

2012

01-02

State Gazette act Statutes amendment

4 facts ▸

General meeting, 21-12-2011
Statutes amendment
Statutes amendment
Statutes amendment

2011

13-07

State Gazette act Reappointments: Marc du Bois (managing director) and Carine Moumal (director)

3 facts ▸

General meeting, 15-06-2011
Director reappointment, Marc du Bois (managing director)
Director reappointment, Carine Moumal (director)

2010

28-09

State Gazette act Reappointments: Thierry Dubois (director) and Jean-Pierre de Chestret (director)

3 facts ▸

General meeting, 16-06-2010
Director reappointment, Thierry Dubois (director)
Director reappointment, Jean-Pierre de Chestret (director)

2004

02-02

State Gazette act Appointments: Jean-Pierre de Chestret de Haneffe (director) and Thierry Dubois (director)

Statutes amendment · Mandate compensation6 facts ▸

General meeting, 05-01-2004
Statutes amendment
Director appointment, Jean-Pierre de Chestret de Haneffe (director)
Mandate compensation, Jean-Pierre de Chestret de Haneffe
Director appointment, Thierry Dubois (director)
Mandate compensation, Thierry Dubois

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 directors, no change since 2026

Bajart

Director · since 01-01-2026 · Private limited company · perm. rep.: Barbara du Bois

Current

Beuzz Management

Director · since 18-06-2025 · Private limited company · perm. rep.: Louis du Bois

Current

Carine Moumal

Director · since 21-06-2017

Current

Marc du BOIS

Chair of the board · since 18-06-2014

Current

Beuzz Management S.R.L.

Director · Legal entity · perm. rep.: Louis du Bois

Current

Louis-Guy du Bois

Director · since 18-06-2014

Not recently confirmed

1 other director

Jean-Pierre de Chestret

Director · since 16-06-2010

Not recently confirmed

09-02-2026 Marc du BOIS: Appointed as Chair of the board

09-02-2026 Marc du BOIS: Appointed as Day-to-day manager

09-02-2026 Barbara du Bois: Resigned as Director

01-01-2026 Bajart: Appointed as Director

18-06-2025 Beuzz Management: Appointed as Director

Full history in the Timeline (27 changes) →

Location & real-estate footprint

Registered office, Rixensart · 1 establishment unit since 2000

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de Tombeek 51331 Rixensart

Ground area

1.6 ha

Building footprint

286 m²

Volume, LiDAR

1,847 m³

Parcel 25092A0032/00M003, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Rue de Tombeek 5, 1331 Rixensart

NACE 65231

since 20002.096.536.026

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25092A0032/00M003	Wallonia	1.6 ha	1 · 286 m²	9.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

5 connected companies

Shared directors

Linked via shared directors

FEDERATION DE L'INDUSTRIE ALIMENTAIRE - FEDERATIE VOEDINGSINDUSTRIE

via Marc du BOIS · Director

→

Natural Mineral Waters Europe

via Marc du BOIS · Director

→

federation de l'industrie alimentaire wallonne

via Marc du BOIS · Director

former→

SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION

via Marc du BOIS · Director

former→

Show 1 more companies with a shared director

Foster Rosières

Shared corporate director

→

Ownership & control

2 board mandates

Board mandates of this companythis company sits on their board2

FINANCES ET INDUSTRIES

3 locations

RLE INVEST

1 location

Acquisitions and mergers

2 transactions

Took over:GUYAN INVEST

BE 0716.667.573merger by absorption · State Gazette act of 18-08-2020 (2 acts) · effective 16-07-2020

Took over:LOUBARD

BE 0716.667.969merger by absorption · State Gazette act of 18-08-2020 (2 acts) · effective 16-07-2020

Capital and shareholders

Capital over the years

25-01-2021 Capital increase of 5,000,000 EUR · to 35,544,311.50 EUR · 6,235 new shares
18-08-2020 Capital increase of 27,658,879.62 EUR · to 33,124,400.48 EUR · 731,051 new shares
18-08-2020 Capital reduction of 2,580,088.98 EUR · to 30,544,311.50 EUR
03-04-2020 Capital stated in the act · 5,465,520.86 EUR · 377,500 shares

Recognitions · licences · registrations

Food safety, FASFC

1 site

Rixensart2.096.536.026

1 permission

Boerderij - akkerbouw · since 23-06-2020

Legal Entity Identifier

894500I6UEOE13XPBL10

live in the LEI register

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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 298 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded27-01-2000

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.