Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
GERNAL from Comines-Warneton, company number BE0405485437, closed financial year 2026 with a result of € 1.4 million after tax. For that financial year GERNAL recorded a gross margin of € 3.7 million and equity of € 5.9 million. Compared with financial year 2025, the result moved from € 887,653 to € 1.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 5.9 million
▲ 8% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 55% vs 2025
Profit after tax over the fiscal year.
€ 403,190
▲ 62% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 930,000 paid out
68 % of the profit went to the shareholders, mostly to Floran (100 % of the shares). That is where the money ends up.
People and assets in 2026
27.2
▲ 1.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 9% vs 2025
€ 64,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 197,429
▼ 27% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 832,951
▲ 3% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 421,140
▲ 61% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 2,594,618 | € 3,758,969 | € 3,001,801 | € 3,722,235 | ▲ 24% |
| Profit after taxes | € 707,656 | € 1,565,239 | € 887,653 | € 1,371,996 | ▲ 55% |
| Equity | € 3,694,433 | € 4,559,672 | € 5,447,326 | € 5,889,321 | ▲ 8% |
| Total debts | € 3,905,106 | € 3,075,206 | € 3,944,796 | € 4,002,808 | ▲ 1% |
| Cash | € 720,807 | € 475,067 | € 248,772 | € 403,190 | ▲ 62% |
| Land & buildings | € 1,323,778 | € 1,316,613 | € 1,309,688 | € 1,392,313 | ▲ 6% |
| Retained profit | € 2,440,433 | € 3,305,672 | € 4,193,326 | € 4,635,321 | ▲ 11% |
| Dividend | € 500,000 | € 700,000 | € 0 | € 930,000 | |
| Balance sheet total | € 7,599,539 | € 7,634,879 | € 9,392,121 | € 9,892,130 | ▲ 5% |
| Employees (FTE) | 27.1 | 26.2 | 26 | 27.2 | ▲ 1.2 |
Key figures of GERNAL, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to GERNAL?
What happened at GERNAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FLORAN NV stepped down as director. NBB
- RUAN COMMERCIAL Comm.V stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 1.4 million (▲ 55% vs 2025). Source: NBB ↗
- FLORAN NV became a director. NBB
- RUAN COMMERCIAL Comm.V became a director. NBB
- New establishment in Comines-Warneton. KBO
- Start of the company according to the CBE. KBO
In short
From € 707,656 profit in 2023 to € 1.4 million profit in 2026.
Paid € 1.4 million in corporate taxes since 2023.
Best year ever: 2024, with € 1.6 million profit.
On average € 136,800 of value added per employee in 2026.
Management
The stake of Floran comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GERNALThe shares are held by Floran (100%).
Directors
According to the 2026 annual accounts
Managing director · represented by Vincent VANCOPPENOLLE
since 2024 · until 2030
Managing director · represented by Geert Anraet
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kazerneweg(KOM) 12-14
7780 Comines-Warneton
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.485.437
- VAT number
- BE 0405.485.437
- Registered office
- Kazerneweg(KOM) 12-14, 7780 Comines-Warneton
- Names & denominations
- GERNAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Nov 2025
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