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 is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 10% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

GAGELMANSActiveChecked score 81/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 07-07-1989 Normal situation
Legal form: Public limited company
Registered office: Westkaai 21, 2170 Antwerpen
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

Company details

Who decides

Board

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

Shareholders

Afbraakwerken van Kempen100%annual accounts 2025

Board & ownership

How it is doing

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%

2025 accounts 16 days early

Filed on 15-07-2026at the National Bank

Financials

Why 81raises 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 15-07-2026)Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 20% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

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, 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 insufficient (current ratio 0.24, compared with 0.79 in 2024, below 1; short-term debt: 32.5% and cash: 1.3% of total assets), and 92.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 12% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: 0.3 FTE, total assets €2.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Equity €215,637 (7.5% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 15-07-2026)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2441 sector peers (2025).

NBB · sector comparison

Position among 2441 sector peers

Solvency

better than 10%

← weakest strongest →

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

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

Searched, nothing found (2)

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 filed years within 45 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Among the weakest 11% on solvencysector median 42.5% · 2,441 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

Documents

Key facts about GAGELMANS

What is the company number of GAGELMANS?: 0437.913.725. In Belgium the VAT number is the company 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?: Public limited company (NV).
When was GAGELMANS 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?: On average 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GAGELMANS?: ≈ €3.0m in financial year 2025. Estimated from the gross margin of €982,203: probably between €1.9m and €4.0m, based on 34 comparable companies, NACE 43990.
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?: By 31-07-2027, for financial year 2026.Timeline