Financials
Financial year 2024
GERCO from Gistel, company number BE0548912112, closed financial year 2024 with a result of € 146,624 after tax. For that financial year GERCO recorded a gross margin of € 242,682 and equity of € 20.6 million. Compared with financial year 2023, the result moved from € 12.6 million to € 146,624. The company is profitable. 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 July 24, 2025.
€ 20.6 million
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 146,624
▼ 99% vs 2023
Profit after tax over the fiscal year.
€ 373,393
▲ 8% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 20.6 million.
People and assets in 2024
€ 350,730
▲ € 328,438 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 137,952
▲ € 128,719 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.2 million
▼ 6% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 208,048 | € 229,665 | € 243,168 | € 242,682 | |
| Profit after taxes | € 7,245,306 | € 77,060 | € 12,649,206 | € 146,624 | ▼ 99% |
| Equity | € 7,729,564 | € 7,806,624 | € 20,455,830 | € 20,602,454 | ▲ 1% |
| Total debts | € 782,467 | € 1,120,796 | € 1,281,917 | € 1,353,251 | ▲ 6% |
| Cash | € 2,870,344 | € 2,864,383 | € 344,515 | € 373,393 | ▲ 8% |
| Land & buildings | € 2,078,465 | € 2,466,715 | € 3,013,181 | € 3,557,302 | ▲ 18% |
| Retained profit | € 7,679,564 | € 7,756,624 | € 20,405,830 | € 20,552,454 | ▲ 1% |
| Bank debt | € 59,073 | € 8,467 | € 0 | € 0 | |
| Balance sheet total | € 8,512,031 | € 8,927,421 | € 21,737,747 | € 21,955,705 | ▲ 1% |
Key figures of GERCO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GERCO?
What happened at GERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 146,624 (▼ 99% vs 2023). Source: NBB ↗
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 7.2 million profit in 2021 to € 146,624 profit in 2024.
Paid € 2.2 million in corporate taxes since 2021.
Best year ever: 2023, with € 12.6 million profit.
Management
Behind GERCO is Gerwin Vansteenkiste.
Directors
According to the 2024 annual accounts
Gerwin Vansteenkiste
Director
Establishments
Establishment units
Physical locations of this company
Callaertswalledreef 43
8470 Gistel
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
- 0548.912.112
- VAT number
- BE 0548.912.112
- Registered office
- Callaertswalledreef 43, 8470 Gistel
- Names & denominations
- GERCO
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 25 March 2014
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering