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GADEX

Active Public limited companyfounded 1999active for 26 yearsProvinciebaan 51, 8880 LedegemKBO/BCE: BE 0468.063.404 subsidiary of BRAZZ SAUVAGE
GADEX
Financial year 2023
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Annual accounts 2023

abbreviated format, filed on 31-07-2024, on the day of the deadline

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 10 November 2026.

€2.6m
▲ 0.4%
€2.9m
▲ 0.5%
€9,588
▼ 97.2%
89.6%
▼ 0.1 percentage points
0.4%
▼ 13.0 percentage points
0.3%
▼ 11.7 percentage points

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Balance sheet

balance sheet total €2.9m on 31-12-2023
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

89.6%

Higher than 85% of 5,695 companies in 2023.

0.3%

Higher than 23% of 5,665 companies in 2023.

GADEX Middle half of the sector 80% of the sector Abbreviated accounts in financial services (NACE 64)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 2.9m2.9m3.2m3.1m2.8m2.7m2.7m3.0m3.0m3.1m3.1m3.2m3.3m3.3m3.2m4.0m2.3m2.2m
21/28 1501511511451.1m2.5m2.5m1.2m2.2m2.2m-2.1m3.2m3.0m1.5m1.6m1.7m1.6m
22/27 ----1.1m2.5m2.5m1.2m1.3m1.3m1.3m1.4m1.4m1.4m1.4m1.5m1.6m1.6m
22 ----1.1m2.5m2.5m1.2m1.3m1.3m1.3m1.4m1.4m1.4m1.4m1.5m1.5m1.5m
23 ---------------4,3756,87512,716
24 -------------42693876,166117,23270,077
26 ---------------212423635
28 15015115114513376262919,803919,803919,803729,5121.8m1.6m21,36221,30052,30052,300
29/58 2.9m2.9m3.2m3.1m1.7m255,877193,7101.8m860,383883,694883,2761.1m51,985270,7891.7m2.4m649,207528,861
40/41 2.8m2.8m3.1m2.6m1.5m255,620193,7101.8m853,772253,203862,5191.1m47,56213,2921.1m1.2m382,757268,721
40 --------------2,070805,435360,532198,473
41 2.8m2.8m3.1m2.6m1.5m255,620193,7101.8m853,772253,203862,5191.1m47,56213,2921.1m383,26622,22570,248
50/53 --------------200,000200,000200,000200,000
54/58 95825,77010,092511,741212,946257-4,6134,854626,99420,06316,312-257,496477,5941.0m66,45060,141
490/1 32,65829,3652882761,003---1,7573,497694-4,422-----
Balance sheet: equity and liabilities
10/49 2.9m2.9m3.2m3.1m2.8m2.7m2.7m3.0m3.0m3.1m3.1m3.2m3.3m3.3m3.2m4.0m2.3m2.2m
10/15 2.6m2.6m2.2m3.1m2.8m2.7m2.7m2.7m2.8m2.8m2.9m2.8m2.9m2.8m2.6m2.7m659,491643,381
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,000-62,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,000-------62,000-------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 2.2m2.2m2.2m2.5m2.5m6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
130/1 6,2006,2006,2006,200--------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
133 2.2m2.2m2.2m2.5m2.5m-------------
14 353,887344,299742493,409242,4742.7m2.7m2.7m2.7m2.7m2.8m2.8m2.8m2.7m2.5m2.6m591,291575,181
17/49 300,285296,001929,31256,8011,405383,823289,692277,767284,544278,718326,203404,478560,759626,3241.3m1.6m1.5m
17 ---------------513,230578,492606,203
170/4 ---------------513,230578,492606,203
42/48 300,285296,001929,31256,8011,405383,82339,6922,4206,1213,4531,08129,478135,759151,324263,413487,760277,444
43 ------------641-8,12365,261162,476191,914
430/8 ------------641-8,12365,26162,476191,914
439 ----------------100,000-
44 2,1372,43555,5487641,405-3,8232,8082,3816,1213,4538338,0333,848120,19236,594-84,495
440/4 2,1372,43555,5487641,405-3,8232,8082,3816,1213,4538338,0333,848120,19236,594-84,495
45 269,087250,8055,76444,743-38-----24820,804127,51623,0095,0241,4981,036
450/3 269,087250,8055,76444,743-38-----24820,804123,00820,3171,0371,0311,036
454/9 -------------4,5082,6923,987467-
47/48 29,06142,761868,00011,295---36,88539----4,395-156,534323,785-
492/3 -------250,000275,347278,423275,265325,122375,000425,000475,000525,000575,000625,000
Income statement
76A -1,42618,312370,224174,869138,076------66,794-10,000---
9900 -3,343468,71211,281319,366118,373214,061135,340-20,998-32,026-28,78713,75777,045106,392241,844136,9861,321178,174241,621
62 ------------86539213,30533,12940,81929,20942,333
630 ----32,92050,17050,17032,92032,92032,92032,92532,92533,35132,90445,56377,39677,31855,691
640/8 8681,2186,72213,3769,7439,580142,4346,3736,4676,2068,2825,9756,15415,08754,6815,6311,4766,870
66A -----138,076----------14,643-
9901 -4,211467,4944,560305,99075,71016,234-57,263-60,291-71,413-67,914-27,45039,01166,496180,5483,612-122,52570,171136,727
75/76B 32,65829,36635,185-1,207-101,88124,45120,00530,728-1,7845701,296792.2m1,218206
75 32,65829,36635,185-1,207-101,88124,45120,00530,72825,7281,7845701,296792.2m1,218206
65/66B 15,36928,1501,20541728650752,1072,231671749-95520,7773,82328,42749,03139,916167,875
65 15,36928,1501,20541728650752,1072,23167174935695520,7773,82328,42749,03139,916167,875
9903 13,078468,71038,539305,57276,63115,727-7,490-38,071-52,078-37,935-2,07839,839113,083178,022-14,7362.0m16,830-30,942
67/77 3,490125,15311,20654,637-----2,624393-18,47968,9228318095,998-72055,163
9904 9,588343,55727,334250,93576,63115,727-7,490-38,071-49,454-38,32816,401-29,083113,001177,841-110,7342.0m16,110-86,105
9905 9,588343,55727,334250,93576,63115,727-7,490-38,071-49,454-38,32816,401-29,083113,001177,841-110,7342.0m16,110-86,105
Appropriation of the result
9906 353,887344,299520,742493,4092.7m2.7m2.7m2.7m2.7m2.7m2.8m2.8m2.8m2.7m2.5m2.6m591,291575,181
14P 344,299742493,409-------2.8m-------
791/2 --348,000---------------
691/2 ----2.5m-------------
6921 ----2.5m-------------
694/7 --868,000---------------
694 --868,000---------------
Social balance sheet
9087 -------------0.81.31.51.30.3
Hours worked1013 -------------1,0062,3892,9192,284608
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 31-07-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 abbreviated format 31-07-2024 2024-00316575 PDF
31-12-2022 abbreviated format 22-08-2023 2023-00341731 PDF
31-12-2021 micro format 31-08-2022 2022-20398794 PDF
31-12-2020 micro format 27-09-2021 2021-68500210 PDF
31-12-2019 micro format 03-07-2020 2020-25700240 PDF
31-12-2018 micro format 29-08-2019 2019-56900553 PDF
31-12-2017 micro format 31-08-2018 2018-59300423 PDF
31-12-2016 abbreviated format 31-08-2017 2017-56200584 PDF
31-12-2015 abbreviated format 11-07-2016 2016-30400474 PDF
31-12-2014 abbreviated format 24-07-2015 2015-35300112 PDF
31-12-2013 abbreviated format 04-07-2014 2014-29000513 PDF
31-12-2012 abbreviated format 31-07-2013 2013-36800513 PDF
31-12-2011 abbreviated format 31-07-2012 2012-36400183 PDF
31-12-2010 abbreviated format 03-08-2011 2011-36900366 PDF
31-12-2009 abbreviated format 09-08-2010 2010-39200488 PDF
31-12-2008 abbreviated format 30-07-2009 2009-53600016 PDF
31-12-2007 abbreviated format 31-10-2008 2008-80700188 PDF
31-12-2006 abbreviated format 28-09-2007 2007-74200039 PDF
31-12-2005 abbreviated format 31-08-2006 2006-72301228 PDF
31-12-2004 abbreviated format 12-08-2005 2005-64000767 PDF
31-12-2003 abbreviated format 02-09-2004 2004-62600992 PDF
31-12-2002 abbreviated format 04-08-2003 2003-59701476 PDF
31-12-2001 abbreviated format 04-10-2002 2002-63801187 PDF
31-12-2000 abbreviated format 27-06-2001 2001-29504027 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
--611127138,0761.4m-919,74100190,291-1.1m242,6751.6m6,376520,029105,687167,163
-24,81215,678-501,649298,795212,689---241-622,140606,9313,751---220,098-556,410967,5546,309-
89.6%89.7%70.5%98.2%100.0%100.0%99.9%90.4%90.9%90.8%91.1%89.7%87.6%83.1%80.4%67.3%28.7%29.9%
0.4%13.4%1.2%8.2%2.7%0.6%-0.3%-1.4%-1.8%-1.4%0.6%-1.0%3.9%6.5%-4.3%75.4%2.4%-13.4%
0.3%12.0%0.9%8.0%2.7%0.6%-0.3%-1.3%-1.6%-1.2%0.5%-0.9%3.5%5.4%-3.5%50.8%0.7%-4.0%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item202320222021
Financial fixed assets--€6

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on GADEX

The operating result for 2023 is a loss of €4,211, after a profit of €467,494 in 2022. It is the lowest result since 2017.

Debt's share of the balance-sheet total rises from 10.3% to 10.4%. Equity and debt are higher.

Large changes and their cause
  • 2022 Net result +1,157% on 2021. The accounts now follow the abbreviated format, last year the micro format.

Next steps

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