Germa
ActiveSummary
Germa has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €823k and a net result of €1k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 9.42 against 11.47 in 2023; short-term debt: 5.7% and cash: 10% of total assets), and 16.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.1%
Return on assets
0.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
34 d early
2022
56 d early
2021
46 d early
2020
31 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€823k▲ 0.1%
2023 · €822k
2018: €615k
2019: €650k
2020: €779k
2021: €836k
2022: €818k
2023: €822k
2018 → 2024
Total assets
€990k▼ 0.2%
2023 · €991k
2018: €2.18M
2019: €2.09M
2020: €1.38M
2021: €1.03M
2022: €997k
2023: €991k
2018 → 2024
Net result
€1k▼ 71.6%
2023 · €4k
2018: €-24k
2019: €35k
2020: €128k
2021: €57k
2022: €-18k
2023: €4k
2018 → 2024
Working capital
€471k▼ 1.2%
2023 · €477k
2018: €-1.17M
2019: €279k
2020: €419k
2021: €486k
2022: €473k
2023: €477k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€779k-€836k▲ 7.4%€818k▼ 2.2%€822k▲ 0.4%€823k▲ 0.1%
Operating result€205k-€95k▼ 53.6%€-19k€4k€2k▼ 36.3%
Net result€128k-€57k▼ 55.4%€-18k€4k€1k▼ 71.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €990k
Fixed assets
€462k ▼ 1.4%
Current assets
€527k ▲ 0.9%
Equity and liabilities €990k
Equity
€823k ▲ 0.1%
Provisions
€66k ▼ 5.9%
Debt
€101k ▲ 1.5%
Debt's share of the balance-sheet total rises from 10.0% to 10.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2023 · €20k
Cash flow
€18k▼
2023 · €20k
Current ratio
9.42▼
2023 · 11.47
Quick ratio
8.15▼
2023 · 9.91
Debt to equity
0.12▲
2023 · 0.12
ROE
0.1%▼
2023 · 0.4%
ROA
0.1%▼
2023 · 0.4%
Interest coverage
21.82▲
2023 · 20.06
Debt ≤ 1 year
€56k▲
2023 · €46k
Debt > 1 year
€43k▼
2023 · €54k
Income taxes
€4k▲
2023 · €3k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€991k€990k▼
Fixed assets21/28€469k€462k▼
Tangible fixed assets22/27€469k€462k▼
Land and buildings22€467k€461k▼
Plant, machinery and equipment23€1k€1k▼
Current assets29/58€522k€527k▲
Stocks and contracts in progress3€71k€71k=
Stocks30/36€71k€71k=
Amounts receivable within one year40/41€102k€358k▲
Trade receivables40-€8k
Other amounts receivable41€102k€350k▲
Cash at bank and in hand54/58€349k€99k▼
Equity and liabilities
Total equity and liabilities10/49€991k€990k▼
Equity10/15€822k€823k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€597k€598k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€137k€128k▼
Distributable reserves133€454k€463k▲
Profit (loss) carried forward14€163k€163k▲
Provisions and deferred taxes16€70k€66k▼
Deferred taxes168€70k€66k▼
Amounts payable17/49€99k€101k▲
Amounts payable after more than one year17€54k€43k▼
Financial debts170/4€50k€43k▼
Other amounts payable178/9€3k-
Amounts payable within one year42/48€46k€56k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€1k€7k▲
Suppliers440/4€1k€7k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€35k€38k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€23k€23k▼
Operating profit (loss)9901€4k€2k▼
Financial charges65/66B€1k€894▼
Recurring financial charges65€1k€894▼
Profit (loss) for the period before taxes9903€3k€1k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€4k€1k▼
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€12k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€174k€172k▼
Profit (loss) brought forward from the previous period14P€162k€163k▲
Transfer to equity691/2€12k€9k▼
To other reserves6921€12k€9k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 11.27
Current ratio from 1.93 to 11.27; short-term debt falls from €449k to €47k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €128k ▲263%
Operating result €205k, net result €128k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 1.22
Current ratio from 0.16 to 1.22; short-term debt falls from €1.38M to €1.27M.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Duffel · 1 establishment unit since 1964
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.
Wandelingstraat 692570 DuffelGround area
1,117 m²
Building footprint
212 m²
Volume, LiDAR
1 m³
Parcel 12302B0729/00B000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
Wandelingstraat 69, 2570 Duffel
since 19642.111.751.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302B0729/00B000 | Flanders | 1,117 m² | 1 · 212 m² | 0.4 m |
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.
Similar companies · same sector, comparable size
REAL ESTATE MANAGEMENT & INVESTMENT
BE 0461.555.296
Tubize · Eq €823,281
GLOBAL EXPANSION
BE 0461.620.426
Machelen (Brab.) · Eq €823,404
ONMAN
BE 0439.885.397
Hove · Eq €821,684
IMMOBILIERE DE BOSONVAL
BE 0464.755.506
Genappe · Eq €821,298
Baximmo
BE 0834.501.886
Beauraing · Eq €820,995
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 3,976 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
Founded29-08-1964
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
77330Rental and leasing activities
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 52 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.