Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GERHARD from Gent, company number BE0820535470, closed financial year 2025 with a result of € -1,900 after tax. For that financial year GERHARD recorded a gross margin of € 3,418 and equity of € -13,988. Compared with financial year 2024, the result moved from € 12,929 to € -1,900. 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 9, 2026.
€ -13,988
▼ € 1,900 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,900
▼ still € 12,929 profit in 2024
Profit after tax over the fiscal year.
€ 30,782
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,188.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 12,948
▼ 35% vs 2024
€ 7,251 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 86
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,555 | € 11,935 | € 18,611 | € 3,418 | ▼ 82% |
| Profit after taxes | € 9,464 | € 5,801 | € 12,929 | € -1,900 | ▼ € 14,829 |
| Equity | € -30,818 | € -25,017 | € -12,088 | € -13,988 | ▼ € 1,900 |
| Total debts | € 88,553 | € 95,615 | € 74,062 | € 67,086 | ▼ 9% |
| Cash | € 21,455 | € 10,251 | € 31,674 | € 30,782 | ▼ 3% |
| Land & buildings | € 32,138 | € 28,179 | € 24,220 | € 20,260 | ▼ 16% |
| Retained profit | € -37,018 | € -31,217 | € -18,288 | € -20,188 | ▼ € 1,900 |
| Bank debt | € 33,414 | € 26,339 | € 19,822 | € 12,948 | ▼ 35% |
| Balance sheet total | € 57,735 | € 70,598 | € 61,974 | € 53,098 | ▼ 14% |
Key figures of GERHARD, 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 GERHARD?
What happened at GERHARD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,900 (▼ € 14,829 vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- Tatjana Gerhard became a director. NBB
- New establishment in Gent. KBO
In short
From € 9,464 profit in 2022 to € 1,900 loss in 2025.
Best year ever: 2024, with € 12,929 profit.
Management
Behind GERHARD is Tatjana Gerhard.
Directors
According to the 2025 annual accounts
Tatjana Gerhard
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Antwerpsesteenweg 284
9040 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- TIMMERMANS Ante(oprichter) 50%
- GERHARD Tatjana Kristina(oprichter) 50%
Details
- Company number
- 0820.535.470
- VAT number
- BE 0820.535.470
- Registered office
- Antwerpsesteenweg 284, 9040 Gent
- Names & denominations
- GERHARD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2009
- Peppol
- Active · Active since 5 Nov 2025
- Activities · NACE
Literaire creatie
Scheppende kunsten, m.u.v. ondersteunende diensten