Financials
Financial year 2025
GERMARE from Oostende, company number BE0507676323, closed financial year 2025 with a result of € 301,420 after tax. For that financial year GERMARE recorded a gross margin of € 723,659 and equity of € 964,410. Compared with financial year 2024, the result moved from € 216,424 to € 301,420. 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 April 30, 2026.
€ 964,410
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 301,420
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▲ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 83,294 paid out
28 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
5.1
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 263,061
▲ 16% vs 2024
€ 51,600 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 429,832
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136,526
▲ 176% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 729,918 | € 912,170 | € 465,385 | € 723,659 | ▲ 55% |
| Profit after taxes | € 334,175 | € 490,716 | € 216,424 | € 301,420 | ▲ 39% |
| Equity | € 486,495 | € 777,211 | € 746,285 | € 964,410 | ▲ 29% |
| Total debts | € 703,276 | € 579,704 | € 551,977 | € 1,202,836 | ▲ 118% |
| Cash | € 494,489 | € 620,797 | € 954,025 | € 1,536,548 | ▲ 61% |
| Retained profit | € 466,495 | € 757,211 | € 726,285 | € 944,410 | ▲ 30% |
| Dividend | € 139,922 | € 200,000 | € 247,350 | € 83,294 | ▼ 66% |
| Bank debt | € 390,942 | € 197,721 | € 0 | € 0 | |
| Balance sheet total | € 1,189,771 | € 1,356,914 | € 1,298,262 | € 2,167,246 | ▲ 67% |
| Employees (FTE) | 5 | 5 | 4.5 | 5.1 | ▲ 0.6 |
Key figures of GERMARE, 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 GERMARE?
What happened at GERMARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Timmerman Lena BV stepped down as director. NBB
- Maxmar BV stepped down as director. NBB
- GBR BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 301,420 (▲ 39% vs 2024). Source: NBB ↗
- Timmerman Lena BV became a director. NBB
- Maxmar BV became a director. NBB
- GBR BV became a director. NBB
- New establishment in Brugge. KBO
In short
From € 334,175 profit in 2022 to € 301,420 profit in 2025.
Paid € 416,293 in corporate taxes since 2022.
Best year ever: 2023, with € 490,716 profit.
On average € 141,900 of value added per employee in 2025.
A new publication or filing at GERMARE? 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
Directors
According to the 2025 annual accounts
Director · represented by Timmerman Lena
since 2022 · until 2028
Director · represented by François Frédéric
since 2022 · until 2028
Director · represented by Butaye Ruben
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 88A
8400 Oostende
Jozef II-straat 12
8400 Oostende
Active since 23 December 2014
Moerkerkse Steenweg 195 box 0.1.
8310 Brugge
Active since 6 January 2022
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
- 0507.676.323
- VAT number
- BE 0507.676.323
- Registered office
- Torhoutsesteenweg 88A, 8400 Oostende
- Names & denominations
- GERMARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2014
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- germare.be [email protected]
- Activities · NACE
Activiteiten van deurwaarders