What does GERMOND do?

GERMOND is a wholesaler in Izegem. Public Limited, started on 21 March 1988, 1 establishment.

What is the address of GERMOND?

The registered office of GERMOND is located at Lodewijk de Raetlaan 59, 8870 Izegem.

Is GERMOND still active?

Yes. According to the CBE (30 October 2026) GERMOND is active, legal situation “Normale toestand”, started on 21 March 1988.

Is GERMOND registered on Peppol?

Yes, GERMOND is registered on the Peppol network with ID 0208:0433720058.

What is the enterprise number of GERMOND?

The enterprise number of GERMOND is BE0433720058.

When was GERMOND founded?

GERMOND was founded on 21 March 1988.

Who are the directors of GERMOND?

According to the 2025 annual accounts, the directors of GERMOND are: QUAEDOMA BEHEER COMM V.

Is GERMOND a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 March 1988; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GERMOND make in 2025?

GERMOND posted a profit after taxes of € 145,872 in financial year 2025.

What is the revenue of GERMOND?

In its most recent annual accounts (2025), GERMOND reported revenue of € 14,654,212.

How much does an employee at GERMOND earn?

The average wage cost per full-time employee at GERMOND was € 99,600 in 2025: staff costs of € 1.9 million for 18.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GERMOND have?

According to the 2025 annual accounts, GERMOND has 18.7 full-time equivalents (FTE).

GERMOND (Public Limited) - Izegem - BE0433720058

Dossier GERMOND, printed on 30 October 2026 from databakkes.be/en/0433720058/germond. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GERMOND from Izegem, company number BE0433720058, closed financial year 2025 with a result of € 145,872 after tax. For that financial year GERMOND recorded revenue of € 14.7 million and equity of € 5 million. Compared with financial year 2024, the result moved from € 1.1 million to € 145,872. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 19, 2026.

What it is worth Healthy

€ 5 million

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

Profit Healthy

€ 145,872

▼ 86% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.3 million

▲ 30% vs 2024

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

Where the profit goes Pays out

€ 150,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

18.7

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.9 million

▲ 3% vs 2024

€ 99,600 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.

Vehicles and equipment

€ 19,284

▼ 41% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 936,335

▲ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.

Taxes and wages

€ 631,325

▼ 18% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 14,128,633 Revenue 2022: € 14,128,633 First fiscal year in the series	€ 17,062,535 Revenue 2023: € 17,062,535 ▲ 21% vs 2022 (€ 14,128,633) Favourable step	€ 18,270,807 Revenue 2024: € 18,270,807 ▲ 7% vs 2023 (€ 17,062,535) Favourable step	€ 14,654,212 Revenue 2025: € 14,654,212 ▼ 20% vs 2024 (€ 18,270,807) Unfavourable step	▼ 20%
Profit after taxes	€ 410,211 Profit after taxes 2022: € 410,211 First fiscal year in the series	€ 737,033 Profit after taxes 2023: € 737,033 ▲ 80% vs 2022 (€ 410,211) Favourable step	€ 1,054,700 Profit after taxes 2024: € 1,054,700 ▲ 43% vs 2023 (€ 737,033) Favourable step	€ 145,872 Profit after taxes 2025: € 145,872 ▼ 86% vs 2024 (€ 1,054,700) Unfavourable step	▼ 86%
Equity	€ 3,738,198 Equity 2022: € 3,738,198 First fiscal year in the series	€ 4,225,231 Equity 2023: € 4,225,231 ▲ 13% vs 2022 (€ 3,738,198) Favourable step	€ 5,029,932 Equity 2024: € 5,029,932 ▲ 19% vs 2023 (€ 4,225,231) Favourable step	€ 5,025,803 Equity 2025: € 5,025,803 Unchanged (€ 5,029,932) Unfavourable step
Total debts	€ 4,229,057 Total debts 2022: € 4,229,057 First fiscal year in the series	€ 3,842,427 Total debts 2023: € 3,842,427 ▼ 9% vs 2022 (€ 4,229,057) Favourable step	€ 3,903,735 Total debts 2024: € 3,903,735 ▲ 2% vs 2023 (€ 3,842,427) Unfavourable step	€ 3,865,821 Total debts 2025: € 3,865,821 ▼ 1% vs 2024 (€ 3,903,735) Favourable step	▼ 1%
Cash	€ 590,817 Cash 2022: € 590,817 First fiscal year in the series	€ 1,836,678 Cash 2023: € 1,836,678 ▲ 211% vs 2022 (€ 590,817) Favourable step	€ 1,740,614 Cash 2024: € 1,740,614 ▼ 5% vs 2023 (€ 1,836,678) Unfavourable step	€ 2,264,544 Cash 2025: € 2,264,544 ▲ 30% vs 2024 (€ 1,740,614) Favourable step	▲ 30%
Land & buildings	€ 237,610 Land & buildings 2022: € 237,610 First fiscal year in the series	€ 227,380 Land & buildings 2023: € 227,380 ▼ 4% vs 2022 (€ 237,610) Unchanged	€ 765,961 Land & buildings 2024: € 765,961 ▲ 237% vs 2023 (€ 227,380) Unchanged	€ 682,510 Land & buildings 2025: € 682,510 ▼ 11% vs 2024 (€ 765,961) Unchanged	▼ 11%
Retained profit	€ 3,138,198 Retained profit 2022: € 3,138,198 First fiscal year in the series	€ 3,625,231 Retained profit 2023: € 3,625,231 ▲ 16% vs 2022 (€ 3,138,198) Favourable step	€ 4,429,932 Retained profit 2024: € 4,429,932 ▲ 22% vs 2023 (€ 3,625,231) Favourable step	€ 4,425,803 Retained profit 2025: € 4,425,803 Unchanged (€ 4,429,932) Unfavourable step
Dividend	€ 250,000 Dividend 2022: € 250,000 First fiscal year in the series	€ 250,000 Dividend 2023: € 250,000 Unchanged (€ 250,000) Unchanged	€ 250,000 Dividend 2024: € 250,000 Unchanged (€ 250,000) Unchanged	€ 150,000 Dividend 2025: € 150,000 ▼ 40% vs 2024 (€ 250,000) Unchanged	▼ 40%
Bank debt	€ 171,953 Bank debt 2022: € 171,953 First fiscal year in the series	€ 37,593 Bank debt 2023: € 37,593 ▼ 78% vs 2022 (€ 171,953) Favourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 37,593) Favourable step	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 8,068,985 Balance sheet total 2022: € 8,068,985 First fiscal year in the series	€ 8,193,544 Balance sheet total 2023: € 8,193,544 ▲ 2% vs 2022 (€ 8,068,985) Unchanged	€ 9,071,266 Balance sheet total 2024: € 9,071,266 ▲ 11% vs 2023 (€ 8,193,544) Unchanged	€ 8,996,124 Balance sheet total 2025: € 8,996,124 ▼ 1% vs 2024 (€ 9,071,266) Unchanged	▼ 1%
Employees (FTE)	19.2 Employees (FTE) 2022: 19.2 First fiscal year in the series	19.9 Employees (FTE) 2023: 19.9 ▲ 0.7 vs 2022 (19.2) Unchanged	18.9 Employees (FTE) 2024: 18.9 ▼ 1 vs 2023 (19.9) Unchanged	18.7 Employees (FTE) 2025: 18.7 ▼ 0.2 vs 2024 (18.9) Unchanged	▼ 0.2

Key figures of GERMOND, 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 April 2027.

What happened to GERMOND?

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

Jan 19, 2026 New annual accounts for financial year 2025: profit of € 145,872 (▼ 86% vs 2024). Source: NBB ↗
2020 QUAEDOMA BEHEER COMM V became a director. NBB
Apr 11, 1988 New establishment in Izegem. KBO
Mar 21, 1988 Start of the company according to the CBE. KBO

In short

From € 410,211 profit in 2022 to € 145,872 profit in 2025.

Paid € 892,827 in corporate taxes since 2022.

Best year ever: 2024, with € 1.1 million profit.

Paid out € 900,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

QUAEDOMA BEHEER COMM V

GERMOND

Behind GERMOND is QUAEDOMA BEHEER COMM V.

Directors

According to the 2025 annual accounts

QUAEDOMA BEHEER COMM V

Director · represented by Hans Donck

since 2020

Establishments

Establishment units

Physical locations of this company

Registered office

Lodewijk de Raetlaan 59

8870 Izegem

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

Details

Company number

0433.720.058

VAT number

BE 0433.720.058

Registered office

Lodewijk de Raetlaan 59, 8870 Izegem

Names & denominations

GERMOND

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

21 March 1988

Peppol

Active · Active since 2 Jul 2025

Activities · NACE

Groothandel in gereedschapswerktuigen

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

View on CBE Public ↗ Annual accounts (NBB) ↗

GERMOND

Financials

What happened to GERMOND?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions