GERMO is a property company in Middelkerke. Private Limited, started on 6 May 1987, 1 establishment.

What is the address of GERMO?

The registered office of GERMO is located at Molenstraat 22, 8430 Middelkerke.

Is GERMO still active?

Yes. According to the CBE (29 October 2026) GERMO is active, legal situation “Normale toestand”, started on 6 May 1987.

Is GERMO registered on Peppol?

Yes, GERMO is registered on the Peppol network with ID 0208:0431104919.

What is the enterprise number of GERMO?

The enterprise number of GERMO is BE0431104919.

When was GERMO founded?

GERMO was founded on 6 May 1987.

Who are the directors of GERMO?

According to the 2025 annual accounts, the directors of GERMO are: Erwin SEGERS.

Is GERMO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 May 1987; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GERMO make in 2025?

GERMO posted a profit after taxes of € 278 in financial year 2025.

What is the revenue of GERMO?

As a small company, GERMO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 28,092.

GERMO (Private Limited) - Middelkerke - BE0431104919

Dossier GERMO, printed on 29 October 2026 from databakkes.be/en/0431104919/germo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GERMO from Middelkerke, company number BE0431104919, closed financial year 2025 with a result of € 278 after tax. For that financial year GERMO recorded a gross margin of € 28,092 and equity of € 172,935. Compared with financial year 2024, the result moved from € -1,626 to € 278. 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 December 11, 2025.

What it is worth Growing

€ 172,935

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 278

▲ still € 1,626 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 21,802

▲ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 112,935.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 4,793

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 10,781

▼ 52% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 7,366

▼ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 1,895

▲ 102% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 17,278 Gross margin 2022: € 17,278 First fiscal year in the series	€ 23,119 Gross margin 2023: € 23,119 ▲ 34% vs 2022 (€ 17,278) Favourable step	€ 23,311 Gross margin 2024: € 23,311 ▲ 1% vs 2023 (€ 23,119) Favourable step	€ 28,092 Gross margin 2025: € 28,092 ▲ 21% vs 2024 (€ 23,311) Favourable step	▲ 21%
Profit after taxes	€ -162 Profit after taxes 2022: € -162 First fiscal year in the series	€ -788 Profit after taxes 2023: € -788 ▼ € 625 vs 2022 (€ -162) Unfavourable step	€ -1,626 Profit after taxes 2024: € -1,626 ▼ € 838 vs 2023 (€ -788) Unfavourable step	€ 278 Profit after taxes 2025: € 278 ▲ € 1,904 vs 2024 (€ -1,626) Favourable step	▲ € 1,904
Equity	€ 175,070 Equity 2022: € 175,070 First fiscal year in the series	€ 174,282 Equity 2023: € 174,282 Unchanged (€ 175,070) Unfavourable step	€ 172,656 Equity 2024: € 172,656 ▼ 1% vs 2023 (€ 174,282) Unfavourable step	€ 172,935 Equity 2025: € 172,935 Unchanged (€ 172,656) Favourable step
Total debts	€ 58,146 Total debts 2022: € 58,146 First fiscal year in the series	€ 46,068 Total debts 2023: € 46,068 ▼ 21% vs 2022 (€ 58,146) Favourable step	€ 33,119 Total debts 2024: € 33,119 ▼ 28% vs 2023 (€ 46,068) Favourable step	€ 21,614 Total debts 2025: € 21,614 ▼ 35% vs 2024 (€ 33,119) Favourable step	▼ 35%
Cash	€ 16,411 Cash 2022: € 16,411 First fiscal year in the series	€ 20,369 Cash 2023: € 20,369 ▲ 24% vs 2022 (€ 16,411) Favourable step	€ 18,758 Cash 2024: € 18,758 ▼ 8% vs 2023 (€ 20,369) Unfavourable step	€ 21,802 Cash 2025: € 21,802 ▲ 16% vs 2024 (€ 18,758) Favourable step	▲ 16%
Land & buildings	€ 204,334 Land & buildings 2022: € 204,334 First fiscal year in the series	€ 183,905 Land & buildings 2023: € 183,905 ▼ 10% vs 2022 (€ 204,334) Unchanged	€ 163,976 Land & buildings 2024: € 163,976 ▼ 11% vs 2023 (€ 183,905) Unchanged	€ 144,047 Land & buildings 2025: € 144,047 ▼ 12% vs 2024 (€ 163,976) Unchanged	▼ 12%
Retained profit	€ 115,070 Retained profit 2022: € 115,070 First fiscal year in the series	€ 114,282 Retained profit 2023: € 114,282 ▼ 1% vs 2022 (€ 115,070) Unfavourable step	€ 112,656 Retained profit 2024: € 112,656 ▼ 1% vs 2023 (€ 114,282) Unfavourable step	€ 112,935 Retained profit 2025: € 112,935 Unchanged (€ 112,656) Favourable step
Bank debt	€ 45,295 Bank debt 2022: € 45,295 First fiscal year in the series	€ 33,920 Bank debt 2023: € 33,920 ▼ 25% vs 2022 (€ 45,295) Favourable step	€ 22,416 Bank debt 2024: € 22,416 ▼ 34% vs 2023 (€ 33,920) Favourable step	€ 10,781 Bank debt 2025: € 10,781 ▼ 52% vs 2024 (€ 22,416) Favourable step	▼ 52%
Balance sheet total	€ 233,216 Balance sheet total 2022: € 233,216 First fiscal year in the series	€ 220,351 Balance sheet total 2023: € 220,351 ▼ 6% vs 2022 (€ 233,216) Unchanged	€ 205,775 Balance sheet total 2024: € 205,775 ▼ 7% vs 2023 (€ 220,351) Unchanged	€ 194,549 Balance sheet total 2025: € 194,549 ▼ 5% vs 2024 (€ 205,775) Unchanged	▼ 5%

Key figures of GERMO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to GERMO?

What happened at GERMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Dec 11, 2025 New annual accounts for financial year 2025: profit of € 278. Source: NBB ↗
May 24, 2000 New establishment in Middelkerke. KBO
1999 Erwin SEGERS became a director. NBB
May 6, 1987 Start of the company according to the CBE. KBO

In short

From € 162 loss in 2022 to € 278 profit in 2025.

Paid € 2,907 in corporate taxes since 2022.

Best year ever: 2025, with € 278 profit.

Original PDFs at the National Bank ↗

Management

Erwin SEGERS

GERMO

APPLE ENTERPRISES

Behind GERMO is Erwin SEGERS. Erwin SEGERS is also behind APPLE ENTERPRISES.

Directors

According to the 2025 annual accounts

Erwin SEGERS

Director

Also active at: APPLE ENTERPRISES

since 1999

Establishments

Establishment units

Physical locations of this company

Registered office

Molenstraat 22

8430 Middelkerke

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0431.104.919
VAT number: BE 0431.104.919
Registered office: Molenstraat 22, 8430 Middelkerke
Names & denominations: GERMO
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 6 May 1987
Peppol: Active · Active since 17 Oct 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗