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GAGELMANS

Active
Public limited companyfounded 1989active for 37 yearsWestkaai 21, 2170 Antwerpen, BelgiumKBO/BCE: BE 0437.913.725

From the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

GAGELMANS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,637 and a net result of €12,640. Equity has been growing by about 7.3% per year since 2018. Its solvency ranks better than 10% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 07-07-1989 Normal situation
Activity
Other specialised construction activities NACE 43990and 5 others
Establishment unit
2.044.266.783 2170 Antwerpen, since 28-07-1989
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • AlstadDirector · since 31-12-2022 · permanent representative Stanny Van Kempen

Financial position

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€982,203
▲ 4.1%
Turnover
≈ €3.0m
estimated
Profit
€12,640
▼ 77.7%
Equity
€215,637
▼ 62.3%
Total assets
€2.9m
▼ 6.0%
Staff
0.3 FTE
▼ 70.0%
Filed on 15-07-2026, 16 days before the deadlineat the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Equity €215,637 (7.5% of total assets)lowers riskSize: 0.3 FTE, total assets €2.9mFigures for financial year 2025 (filed on 15-07-2026)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 20% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 32-12
equity 7.5% of total assets
Liquidity 38+5
short-term debt 32.5% · cash 1.3%
Profitability 69-2
return on assets 0.4%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.9%▲ +0.2 percentage points vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.2%▲ +0.2 percentage points vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.4%▼ -0.9 percentage points vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.24 (0.79 in 2024), below 1. Short-term debt is 32.5% and cash 1.3% of total assets. 92.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 12% of them on solvency, 26% on liquidity, 36% on profitability and 7% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: 0.3 FTE, total assets €2.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Equity €215,637 (7.5% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 15-07-2026)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2445 sector peers (2025).
NBB · sector comparison
Position among 2445 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 days early
2024
31 days early
2023
28 days early
2022
31 days late
2021
29 days late
2020
2 days late
2019
18 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 89% of companies in specialised constructionsector median 42.5% · 2,445 companies 7.5% View
  • Caution: Equity fell in 2025from €572,274 to €215,637 ▼ 62.3% View
  • Positive: 8 profitable years in a rowprofit 2025: €12,640 8 years View

Comparable companies

These companies have the same main activity as GAGELMANS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €1.6m and €3.6m, founded between 1989 and 2001.

CompanyTotal assetsGross margin
GAGELMANS Antwerpen€2.9m€1.0m
ICON Belgium Beringen€3.6m€0.6m
GEVELRENOVATIE GEERT VIAENE Roeselare€1.8m€1.1m
A.G. ROOF Gent€1.6m€1.1m
T.R. ENGINEERING Lanaken€3.0m€2.1m
ETABLISSEMENTEN GYGRO Sint-Truiden€2.1m€0.6m
Frank Goyens Bouwprojecten Maaseik€2.5m€0.5m
Full comparison

Documents

Annual accounts at the NBB

All 36 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about GAGELMANS

What is the company number of GAGELMANS?
The company number of GAGELMANS is 0437.913.725. The VAT number is the same number with BE in front: BE 0437.913.725.
Where is GAGELMANS based?
The registered office is at Westkaai 21, 2170 Antwerpen.Company details
What does GAGELMANS do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of GAGELMANS?
The legal form of GAGELMANS is Public limited company (NV).
When was GAGELMANS founded?
GAGELMANS was founded on 07-07-1989.
Is GAGELMANS still active?
Yes, GAGELMANS is an active enterprise in the KBO register.
How many employees does GAGELMANS have?
GAGELMANS had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GAGELMANS?
The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €982,203 and 34 comparable companies (NACE 43990). It probably lies between €1.9m and €4.0m.
Is GAGELMANS profitable?
In financial year 2025, GAGELMANS made a profit of €12,640.
Where can I find the annual accounts of GAGELMANS?
GAGELMANS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of GAGELMANS due?
GAGELMANS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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