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 60 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 52.8 to 47.3.
Financials
Financial year 2025
GEROSIN from Kuurne, company number BE0423518727, closed financial year 2025 with a result of € 2 million after tax. For that financial year GEROSIN recorded revenue of € 4.3 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € -327,074 to € 2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 3.4 million
▲ 140% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ still € 327,074 loss in 2024
Profit after tax over the fiscal year.
€ 256,640
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.3 million.
People and assets in 2025
47.3
▼ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 3% vs 2024
€ 63,700 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.
€ 4.8 million
▼ 23% vs 2024
Of which on lease € 4.8 million.
Debts at end 2025
€ 5.5 million
▼ 3% vs 2024
€ 333,812 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 82,615
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 502,430
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 4,184,387 | € 4,333,526 | ▲ 4% |
| Gross margin | € 3,047,013 | € 3,157,552 | - | - | |
| Profit after taxes | € -210,141 | € -214,052 | € -327,074 | € 2,007,840 | ▲ € 2.3 million |
| Equity | € 1,976,694 | € 1,762,642 | € 1,435,568 | € 3,443,408 | ▲ 140% |
| Total debts | € 13,420,793 | € 13,350,326 | € 13,544,851 | € 6,929,117 | ▼ 49% |
| Cash | € 237,220 | € 202,555 | € 248,301 | € 256,640 | ▲ 3% |
| Retained profit | € 1,866,572 | € 1,652,520 | € 1,325,446 | € 3,333,286 | ▲ 151% |
| Bank debt | € 6,419,181 | € 6,156,927 | € 5,696,207 | € 5,534,224 | ▼ 3% |
| Balance sheet total | € 16,297,155 | € 15,973,691 | € 15,802,119 | € 11,155,241 | ▼ 29% |
| Employees (FTE) | 52.9 | 52.8 | 51.5 | 47.3 | ▼ 4.2 |
Key figures of GEROSIN, 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 GEROSIN?
What happened at GEROSIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vivalto Home Belgium NV stepped down as director. NBB
- Charles-Antoine della FAILLE de LEVERGHEM stepped down as director. NBB
- Jean-Claude DEMEUSE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million. Source: NBB ↗
- Guillaume RAOUX stepped down as director. NBB
- Charles-Antoine della FAILLE de LEVERGHEM became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 210,141 loss in 2022 to € 2 million profit in 2025.
Paid € 772 in corporate taxes since 2022.
Best year ever: 2025, with € 2 million profit.
On average € 59,800 of value added per employee in 2023.
Management
The stake of VIVALTO HOME BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GEROSINThe shares are held by VIVALTO HOME BELGIUM (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Nicolas PETROVIC
Also active at: LE CENTENAIRE, MAISON DE REPOS DE LA MAISON DIEU, REPOS FLEURI, LA TONNELLE, RAPSODE, LA MERIDIENNE, AU VERT BOCAGE - VIVALTO HOME, VIVALYS +30 more
· until 2029
Jean-Claude DEMEUSE
Managing director
Also active at: VESPER, L'AGE D'OR, Klavertje 4, VIVALTO LEASE, AKAPELLA WOONZORGCENTRUM
· until 2026
Guillaume RAOUX
Director
Also active at: MAISON DE REPOS DE LA MAISON DIEU, LA TONNELLE, LA MERIDIENNE, AU VERT BOCAGE - VIVALTO HOME, BEL EDEN, REPOS SANTE LOISIRS, DE MOLEN, L'AGE D'OR +18 more
· until 2026
Charles-Antoine della FAILLE de LEVERGHEM
Director
Also active at: VESPER, VIVALTO HOME BELGIUM, AKAPELLA WOONZORGCENTRUM
since 2023 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Doornenstraat 12
8520 Kuurne
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
- 0423.518.727
- VAT number
- BE 0423.518.727
- Registered office
- Doornenstraat 12, 8520 Kuurne
- Names & denominations
- GEROSIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1982
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Rust- en verzorgingstehuizen (RVT)
Activiteiten van holdings
Holdings