Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GERTHO from Brugge, company number BE0690781243, closed financial year 2025 with a result of € -14,912 after tax. For that financial year GERTHO recorded a gross margin of € -13,841 and equity of € -32,862. Compared with financial year 2024, the result moved from € -38,372 to € -14,912. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ -32,862
▼ € 14,912 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,912
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 336
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -57,862.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 464
Supplier invoices still open on the last day of the fiscal year.
€ 125
▼ 71% 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 | € 4,334 | € -1,689 | € -29,226 | € -13,841 | ▲ € 15,385 |
| Profit after taxes | € -3,586 | € -5,882 | € -38,372 | € -14,912 | ▲ € 23,460 |
| Equity | € 26,305 | € 20,422 | € -17,949 | € -32,862 | ▼ € 14,912 |
| Total debts | € 160,050 | € 122,171 | € 18,835 | € 33,344 | ▲ 77% |
| Cash | € 22,691 | € 63,005 | € 675 | € 336 | ▼ 50% |
| Retained profit | € 1,305 | € -4,578 | € -42,949 | € -57,862 | ▼ € 14,912 |
| Bank debt | € 125,000 | € 100,000 | € 0 | € 0 | |
| Balance sheet total | € 186,355 | € 142,593 | € 886 | € 483 | ▼ 46% |
Key figures of GERTHO, 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 GERTHO?
What happened at GERTHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,912. Source: NBB ↗
- New establishment in Brugge. KBO
- ELS THOMAS became a director. NBB
- GUY GERMYNS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,586 loss in 2022 to € 14,912 loss in 2025.
Paid € 1,413 in corporate taxes since 2022.
A new publication or filing at GERTHO? 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
Behind GERTHO are ELS THOMAS and GUY GERMYNS.
Directors
According to the 2025 annual accounts
ELS THOMAS
Director
since 2018
GUY GERMYNS
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Blankenbergse Steenweg 257 box B0001
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.781.243
- VAT number
- BE 0690.781.243
- Registered office
- Blankenbergse Steenweg 257 bus B0001, 8000 Brugge
- Names & denominations
- GERTHO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2018
- Peppol
- Active · Active since 28 Dec 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie
Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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