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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Etablissement Gerard from Liège, company number BE0414671634, closed financial year 2025 with a result of € -77,391 after tax. For that financial year Etablissement Gerard recorded a gross margin of € 46,040 and equity of € -477,436. Compared with financial year 2024, the result moved from € -63,064 to € -77,391. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ -477,436
▼ € 77,391 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -77,391
▼ 23 % more loss than in 2024
Profit after tax over the fiscal year.
€ 60,635
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
5.1
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 154,101
▼ 11% vs 2024
€ 30,200 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.
€ 1,115
▼ 70% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 756,250
Loans from banks and other lenders, long and short.
€ 17,681
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,242
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 82,339 | € 103,098 | € 128,760 | € 46,040 | ▼ 64% |
| Profit after taxes | € -132,837 | € -78,173 | € -63,064 | € -77,391 | ▼ € 14,327 |
| Equity | € -258,808 | € -336,981 | € -400,045 | € -477,436 | ▼ € 77,391 |
| Total debts | € 794,860 | € 898,412 | € 877,053 | € 880,488 | |
| Cash | € 47,466 | € 80,443 | € 93,440 | € 60,635 | ▼ 35% |
| Retained profit | € -791,308 | € -869,481 | € -932,545 | € -1,009,936 | ▼ € 77,391 |
| Bank debt | € 675,091 | € 658,476 | € 756,250 | € 756,250 | |
| Balance sheet total | € 536,053 | € 561,431 | € 477,009 | € 403,052 | ▼ 16% |
| Employees (FTE) | 5.7 | 5.3 | 6.4 | 5.1 | ▼ 1.3 |
Key figures of Etablissement Gerard, 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 July 2027.
What happened to Etablissement Gerard?
What happened at Etablissement Gerard in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier Gérard stepped down as director. NBB
- Michèle Gérard stepped down as director. NBB
- Gerparfi stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 77,391. Source: NBB ↗
- Olivier Gérard became a director. NBB
- Michèle Gérard became a director. NBB
- Gerparfi became a director. NBB
- New establishment in Liège. KBO
In short
From € 132,837 loss in 2022 to € 77,391 loss in 2025.
Paid € 1,500 in corporate taxes since 2022.
On average € 9,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Olivier Gérard
Director
since 2019 · until 2031
since 2019 · until 2031
Director · represented by Albert Gérard
since 2019 · until 2031
Establishments
Establishment units
Physical locations of this company
Pont d'Ile 23
4000 Liège
Rue du Mouton-Blanc 7
4000 Liège
Active since 5 April 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.671.634
- VAT number
- BE 0414.671.634
- Registered office
- Pont d'Ile 23, 4000 Liège
- Names & denominations
- Etablissement Gerard
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1974
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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