Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GER from Ukkel, company number BE0450120976, closed financial year 2025 with a result of € -104,468 after tax. For that financial year GER recorded a gross margin of € 232,531 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 524,729 to € -104,468. The company made a loss. 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 July 23, 2026.
€ 2.6 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -104,468
▼ still € 524,729 profit in 2024
Profit after tax over the fiscal year.
€ 762
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.4 million.
Debts at end 2025
€ 3.5 million
▼ 9% vs 2024
€ 184,051 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 27,228
▲ 217% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 147,220
▲ € 147,105 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 811,226 | € 734,427 | € 1,341,240 | € 232,531 | ▼ 83% |
| Profit after taxes | € 323,402 | € 154,756 | € 524,729 | € -104,468 | ▼ € 629,197 |
| Equity | € 2,544,756 | € 2,699,511 | € 2,724,240 | € 2,619,772 | ▼ 4% |
| Total debts | € 4,363,962 | € 5,435,727 | € 4,432,762 | € 3,807,139 | ▼ 14% |
| Cash | € 50,136 | € 768 | € 605 | € 762 | ▲ 26% |
| Land & buildings | € 6,313,080 | € 8,262,532 | € 6,776,272 | € 6,544,259 | ▼ 3% |
| Retained profit | € 2,275,286 | € 2,430,042 | € 2,454,771 | € 2,350,303 | ▼ 4% |
| Dividend | € 150,000 | € 0 | € 500,000 | € 0 | ▼ 100% |
| Bank debt | € 4,165,461 | € 5,329,900 | € 3,878,831 | € 3,546,978 | ▼ 9% |
| Balance sheet total | € 7,463,552 | € 8,688,760 | € 7,954,492 | € 7,033,995 | ▼ 12% |
Key figures of GER, 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 GER?
What happened at GER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 104,468 (▼ € 629,197 vs 2024). Source: NBB ↗
- David Selinger became a director. NBB
- Jacques Selinger became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 323,402 profit in 2022 to € 104,468 loss in 2025.
Paid € 323,007 in corporate taxes since 2022.
Best year ever: 2024, with € 524,729 profit.
Paid out € 650,000 in dividends to the owners in total.
A new publication or filing at GER? We notify you, reason included.
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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
The stake of EDSONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GERBehind GER are Jacques Selinger and David Selinger. The shares are held by EDSONS (100%).
Directors
According to the 2025 annual accounts
Jacques Selinger
Director
Also active at: Kerlinga, Société de Gérance Immobiliére Gantoise, EDSONS, IMMO INGER, HARLI, COCRO, VENTURA, NEUMON +3 more
since 2016
David Selinger
Director
Also active at: Société de Gérance Immobiliére Gantoise, MEIRIMMO, XL DEVELOPPEMENT
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hamoirlaan 25
1180 Ukkel
Quai des Vennes 1 box 52
4020 Liège
Active since 12 January 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Kerlinga same network
€ 203,761 gross margin · 2025
Société de Gérance Immobiliére Gantoise same network
€ 246,029 gross margin · 2025
EDSONS same network
€ 1.5 million gross margin · 2025
IMMO INGER same network
€ 284,604 gross margin · 2025
HARLI same network
€ 25,643 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.120.976
- VAT number
- BE 0450.120.976
- Registered office
- Hamoirlaan 25, 1180 Ukkel
- Names & denominations
- GER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 1993
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen