Financials
Financial year 2025
Germagas from Wevelgem, company number BE0407098904, closed financial year 2025 with a result of € 57,107 after tax. For that financial year Germagas recorded a gross margin of € 744,014 and equity of € 536,338. Compared with financial year 2024, the result moved from € -9,575 to € 57,107. 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 October 22, 2025.
€ 536,338
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,107
▲ still € 9,575 loss in 2024
Profit after tax over the fiscal year.
€ 182,887
▲ 153% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10,731 paid out
19 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
8.6
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 575,412
▲ 11% vs 2024
€ 66,900 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.
€ 45,981
▼ 30% vs 2024
Of which on lease € 34,580.
Debts at end 2025
€ 208,889
▼ 19% vs 2024
€ 25,910 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 192,764
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,628
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 605,587 | € 516,768 | € 572,277 | € 744,014 | ▲ 30% |
| Profit after taxes | € 32,730 | € 27,898 | € -9,575 | € 57,107 | ▲ € 66,683 |
| Equity | € 496,638 | € 499,537 | € 489,962 | € 536,338 | ▲ 9% |
| Total debts | € 497,785 | € 574,264 | € 608,493 | € 452,723 | ▼ 26% |
| Cash | € 95,276 | € 21,972 | € 72,159 | € 182,887 | ▲ 153% |
| Land & buildings | € 286,402 | € 266,246 | € 246,367 | € 228,971 | ▼ 7% |
| Retained profit | € 477,898 | € 480,796 | € 471,221 | € 517,598 | ▲ 10% |
| Dividend | € 30,000 | € 25,000 | € 0 | € 10,731 | |
| Bank debt | € 317,127 | € 300,932 | € 258,423 | € 208,889 | ▼ 19% |
| Balance sheet total | € 994,424 | € 1,073,800 | € 1,098,455 | € 989,062 | ▼ 10% |
| Employees (FTE) | 10.3 | 8.7 | 8 | 8.6 | ▲ 0.6 |
Key figures of Germagas, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to Germagas?
What happened at Germagas in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,107. Source: NBB ↗
- New establishment in Wevelgem. KBO
- Nic Descheemaeker became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 32,730 profit in 2022 to € 57,107 profit in 2025.
Paid € 45,443 in corporate taxes since 2022.
Best year ever: 2025, with € 57,107 profit.
On average € 86,500 of value added per employee in 2025.
Management
Behind Germagas is Nic Descheemaeker.
Directors
According to the 2025 annual accounts
Nic Descheemaeker
Director
since 1994
Establishments
Establishment units
Physical locations of this company
Drieslaan 86
8560 Wevelgem
Dorpsplein 6
8560 Wevelgem
Active since 1 July 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
XENIUS, BE
Website info
Features
Security
Details
- Company number
- 0407.098.904
- VAT number
- BE 0407.098.904
- Registered office
- Drieslaan 86, 8560 Wevelgem
- Names & denominations
- Germagas
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 1970
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- germagas.be
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