GAMAS

Inactive

Public limited companyfounded 1986Kragendijk 38, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0428.788.993

Inactive since 25-08-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation; books and records kept by MARINVEST.

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GAMASInactive

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Signals

1 signal. The signal on the left, the evidence on the right.

○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 23-07-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

27 d late

2023

64 d late

2022

68 d late

2021

74 d late

2020

86 d late

2019

122 d 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 62 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 10 April 1986, GAMAS was incorporated.¹ Of the 2 current board members, Marinvest nv has served longest, since 2026.² In 2026 the company was absorbed by merger into MARINVEST.³

Go further with this company

What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the General construction of other non-residential buildings sector doing?Sector figures

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity

€985,727▲ 4.5%

2024 · €943,531

Total assets

€1.0m▼ 0.9%

2024 · €1.0m

Net result

€42,197▲ 33.8%

2024 · €31,542

Working capital

€985,757▲ 4.5%

2024 · €943,531

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result-€5,005-€4,480▲ 10.5%-€6,299▼ 40.6%-€3,315▲ 47.4%-€1,996▲ 39.8%

Net result€9,597▼ 96.8%€17,269▲ 79.9%€19,582▲ 13.4%€31,542▲ 61.1%€42,197▲ 33.8%

Equity€875,138▲ 1.1%€892,407▲ 2.0%€911,989▲ 2.2%€943,531▲ 3.5%€985,727▲ 4.5%

Total assets€1.3m▼ 8.6%€1.0m▼ 22.4%€970,519▼ 3.9%€1.0m▲ 4.4%€1.0m▼ 0.9%

Debt€426,381▼ 23.6%€117,358▼ 72.5%€58,530▼ 50.1%€69,791▲ 19.2%€18,976▼ 72.8%

Working capital€875,138▲ 1.1%€892,407▲ 2.0%€911,989▲ 2.2%€943,531▲ 3.5%€985,757▲ 4.5%

Solvency67.2%▲ 6.5pp88.4%▲ 21.1pp94.0%▲ 5.6pp93.1%▼ 0.9pp98.1%▲ 5.0pp

Current ratio3.05▲ 0.508.60▲ 5.5516.58▲ 7.9814.52▼ 2.0653.03▲ 38.51

Return on assets (ROA)0.7%▼ 20.1pp1.7%▲ 1.0pp2.0%▲ 0.3pp3.1%▲ 1.1pp4.2%▲ 1.1pp

above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1,996 in 2025 against €3,315 in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €1.0m

98.1%

Equity €985,727 ▲ 4.5%

Debt €18,976 ▼ 72.8%

Debt's share of the balance-sheet total falls from 6.9% to 1.9%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Debt to equity

0.02▼

2024 · 0.07

ROE

4.3%▲

2024 · 3.3%

Debt ≤ 1 year

€18,946▼

2024 · €69,791

Income taxes

€13,172▲

2024 · €12,161

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.0m€1.0m▼

Current assets29/58€1.0m€1.0m▼

Amounts receivable within one year40/41€1.0m€998,447▼

Trade receivables40€6,504€28,164▲

Other amounts receivable41€1.0m€970,283▼

Cash at bank and in hand54/58€774€6,257▲

Deferred charges and accrued income490/1€327-

Equity and liabilities

Total equity and liabilities10/49€1.0m€1.0m▼

Equity10/15€943,531€985,727▲

Contributions10/11€62,000€62,000=

Capital10€62,000€62,000=

Issued capital100€62,000€62,000=

Reserves13€493,086€493,086=

Non-distributable reserves130/1€6,200€6,200=

Legal reserve130€6,200€6,200=

Distributable reserves133€486,886€486,886=

Profit (loss) carried forward14€388,445€430,641▲

Amounts payable17/49€69,791€18,976▼

Amounts payable within one year42/48€69,791€18,946▼

Current portion of amounts payable after more than one year42€8,357€8,372▲

Trade debts44€46,444€128▼

Suppliers440/4€46,444€128▼

Taxes, remuneration and social security45€12,020€7,476▼

Taxes450/3€12,020€7,476▼

Other amounts payable47/48€2,971€2,971=

Accrued charges and deferred income492/3-€30

Income statement Code20242025

Other operating charges640/8€3,957€2,789▼

Gross operating margin9900€642€793▲

Operating profit (loss)9901-€3,315-€1,996▲

Financial income75/76B€47,101€57,614▲

Recurring financial income75€47,101€45,114▼

Non-recurring financial income76B-€12,500

Financial charges65/66B€82€250▲

Recurring financial charges65€82€250▲

Profit (loss) for the period before taxes9903€43,703€55,369▲

Income taxes67/77€12,161€13,172▲

Profit (loss) for the period9904€31,542€42,197▲

Profit (loss) for the period to be appropriated9905€31,542€42,197▲

Appropriation of the result

Profit (loss) to be appropriated9906€388,445€430,641▲

Profit (loss) brought forward from the previous period14P€356,903€388,445▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Other operating charges640/8	€13,089	€3,493	€7,440	€3,957	€2,789	▼ 29.5%
Gross operating margin9900	€8,084	-€987	€1,141	€642	€793	▲ 23.5%
Operating profit (loss)9901	-€5,005	-€4,480	-€6,299	-€3,315	-€1,996	▲ 39.8%
Financial income75/76B	€20,468	€29,042	€35,997	€47,101	€57,614	▲ 22.3%
Recurring financial income75	€20,468	€29,042	€35,997	€47,101	€45,114	▼ 4.2%
Non-recurring financial income76B	-	-	-	-	€12,500	-
Financial charges65/66B	€1,051	€191	€257	€82	€250	▲ 203%
Recurring financial charges65	€1,051	€191	€257	€82	€250	▲ 203%
Profit (loss) for the period before taxes9903	€14,412	€24,371	€29,440	€43,703	€55,369	▲ 26.7%
Income taxes67/77	€4,815	€7,103	€9,859	€12,161	€13,172	▲ 8.3%
Profit (loss) for the period9904	€9,597	€17,269	€19,582	€31,542	€42,197	▲ 33.8%
Profit (loss) for the period to be appropriated9905	€9,597	€17,269	€19,582	€31,542	€42,197	▲ 33.8%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.3m	€1.0m	€970,519	€1.0m	€1.0m	▼ 0.9%
Current assets29/58	€1.3m	€1.0m	€970,519	€1.0m	€1.0m	▼ 0.9%
Amounts receivable within one year40/41	€1.2m	€995,827	€956,322	€1.0m	€998,447	▼ 1.4%
Trade receivables40	€172,755	€59,472	€8,404	€6,504	€28,164	▲ 333%
Other amounts receivable41	€1.0m	€936,355	€947,918	€1.0m	€970,283	▼ 3.5%
Cash at bank and in hand54/58	€120,886	€13,653	€13,650	€774	€6,257	▲ 708%
Deferred charges and accrued income490/1	-	€285	€546	€327	-	-
Equity and liabilities
Total equity and liabilities10/49	€1.3m	€1.0m	€970,519	€1.0m	€1.0m	▼ 0.9%
Equity10/15	€875,138	€892,407	€911,989	€943,531	€985,727	▲ 4.5%
Contributions10/11	€62,000	€62,000	€62,000	€62,000	€62,000	=
Capital10	€62,000	€62,000	€62,000	€62,000	€62,000	=
Issued capital100	€62,000	€62,000	€62,000	€62,000	€62,000	=
Reserves13	€493,086	€493,086	€493,086	€493,086	€493,086	=
Non-distributable reserves130/1	€6,200	€6,200	€6,200	€6,200	€6,200	=
Legal reserve130	€6,200	€6,200	€6,200	€6,200	€6,200	=
Distributable reserves133	€486,886	€486,886	€486,886	€486,886	€486,886	=
Profit (loss) carried forward14	€320,052	€337,321	€356,903	€388,445	€430,641	▲ 10.9%
Amounts payable17/49	€426,381	€117,358	€58,530	€69,791	€18,976	▼ 72.8%
Amounts payable within one year42/48	€426,381	€117,358	€58,530	€69,791	€18,946	▼ 72.9%
Current portion of amounts payable after more than one year42	-	€5,011	-	€8,357	€8,372	▲ 0.2%
Financial debts43	€5,018	-	-	-	-	-
Credit institutions430/8	€5,018	-	-	-	-	-
Trade debts44	€411,301	€109,377	€45,700	€46,444	€128	▼ 99.7%
Suppliers440/4	€411,301	€109,377	€45,700	€46,444	€128	▼ 99.7%
Taxes, remuneration and social security45	€7,093	-	€9,859	€12,020	€7,476	▼ 37.8%
Taxes450/3	€7,093	-	€9,859	€12,020	€7,476	▼ 37.8%
Other amounts payable47/48	€2,969	€2,971	€2,971	€2,971	€2,971	=
Accrued charges and deferred income492/3	-	-	-	-	€30	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€9,597	€17,269	€19,582	€31,542	€42,197	▲ 33.8%
Operating cash flow (approximation)	€9,597	€17,269	€19,582	€31,542	€42,197	▲ 33.8%
Change in cash	-	-€107,233	-€3	-€12,876	€5,483	▲ 143%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 17Financial 4Gazette 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-09

State Gazette act Restructuring · End & cessation

Resignations: MARINVEST, CASTELEYN Jill and VERKEST & PARTNERS · Merger · Declaration32 facts ▸

General meeting, erkenning fusievoorstel, true
General meeting, laatste jaarrekening betrekking op boekjaar meer dan zes maanden voor datum fusievoorstel, verzaking recht inzage tussentijdse cijfers
Merger, fusie door overneming, overnemende vennootschap is enige aandeelhouder
Merger, fusie door overneming, overnemende vennootschap is enige aandeelhouder
Other statement, voorzitter drie algemene vergaderingen, verzoek vaststelling eigendomsovergang
Declaration, geen houders andere effecten dan aandelen, geen aandeelhouders met bijzondere rechten
Declaration, geen bijzondere voordelen toegekend aan leden bestuursorganen
Declaration, aandeelhouder overgenomen vennootschappen voldoet aan vereisten hoedanigheid aandeelhouder overnemende vennootschap
Other statement, hele vermogen SENTIER en GAMAS, beschrijving over te dragen activa en passiva
General meeting, alle activa en passiva zonder uitzondering en zonder voorbehoud onder algemene titel, goedkeuring eigendomsovergang
Declaration, geen eigenaar onroerende goederen en/of onroerende zakelijke rechten
Declaration, geen eigenaar onroerende goederen en/of onroerende zakelijke rechten
+20 further facts in this act

23-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

11-06

State Gazette act Restructuring

Permanent representatives: Patrick Casteleyn and Jill Casteleyn · Merger · Accounting effect12 facts ▸

Merger, 29-05-2026
Director in office, Patrick Casteleyn (director)
Director in office, Jill Casteleyn (director)
Permanent representative, Patrick Casteleyn (permanent representative)
Permanent representative, Patrick Casteleyn (permanent representative)
Permanent representative, Jill Casteleyn (permanent representative)
Director in office, Marinvest (director)
Director in office, Verkest & Partners (director)
Other statement, kosten en lasten van de fusie, toebedeeld aan de overnemende vennootschap
Accounting effect, 01-01-2026
Declaration, bijzondere rechten en andere effecten, geen aandeelhouders met bijzondere rechten en geen houders van andere effecten dan aandelen
Declaration, bijzondere voordelen aan bestuursorganen

10-06

State Gazette act Reappointments: Marinvest nv (director) and Verkest & Partners bv (director)

5 facts ▸

General meeting, 02-01-2026
Director reappointment, Marinvest nv (director)
Director reappointment, Verkest & Partners bv (director)
Board meeting, Raad van Bestuur
Director reappointment, Marinvest nv (managing director)

2025

31-12

Financial Liquidity quadruplescurrent ratio 53.03

Current ratio from 14.52 to 53.03; short-term debt falls from €69,791 to €18,946.

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

2024

03-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 64 days late

2023

07-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 68 days late

2022

31-12

Financial Liquidity triplescurrent ratio 8.60

Current ratio from 3.05 to 8.60; short-term debt falls from €426,381 to €117,358.

13-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 74 days late

2021

31-12

Financial Weakest financial yearnet €9,597 ▼96.8%

Net result drops to €9,597, the lowest in the series.

25-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 86 days late

Show earlier events

2020

31-12

Financial Highest result since 2018net €296,173 ▲21.4%

Operating result €291,877, net result €296,173, both a record.

30-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 122 days late

2019

11-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 72 days late

2018

26-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 57 days late

2017

10-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

3 of 9 acts read

About the unread acts

Of the 9 Belgian State Gazette acts we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, 1 in day-to-day management, last change in 2026

Board 2

Marinvest nv

Director · since 02-01-2026 · Legal entity · perm. rep.: Patrick Casteleyn

Current

Verkest & Partners bv

Director · since 02-01-2026 · Legal entity · perm. rep.: Jill Casteleyn

Current

Day-to-day management 1

Marinvest nv

Managing director · Legal entity · perm. rep.: Patrick Casteleyn

Current

Permanent representatives 2

Jill Casteleyn

Permanent representative · since 02-01-2026 · for Verkest & Partners bv

Current

Patrick Casteleyn

Permanent representative · since 02-01-2026 · for Marinvest nv

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

6 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Knokke-Heist

exact location from the address register On OpenStreetMap

Ground area

1,689 m²

Building footprint

234 m²

Volume, LiDAR

1,556 m³

Parcel 31039E0108/00B004, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

5 companies at this address See who is registered here

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31039E0108/00B004	Flanders	1,689 m²	1 · 233 m²	9.6 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

5 people since 2026, 2 in office

All 5 In office 2 Ended 3

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Marinvest nv	Director, already before 02-01-2026 to date Managing director, already before 10-06-2026 to date
Verkest & Partners bv	Director, already before 02-01-2026 to date
CASTELEYN Jill	Director, until 02-09-2026
MARINVEST	Director, until 02-09-2026
VERKEST & PARTNERS	Director, until 02-09-2026

See the board, name and seat on a given date →

Articles of association

Purpose

1) de verhuring, leasing, het beheer, het valoriseren en verbouwen van alle onroerende goederen; 2) alsook hun aanwerving met het oog op de uitoefening van de verrichtingen…

Full purpose (8 activities)

1) de verhuring, leasing, het beheer, het valoriseren en verbouwen van alle onroerende goederen.
2) alsook hun aanwerving met het oog op de uitoefening van de verrichtingen hiervoren opgesomd in het algemeen alle vormen van rentabiliseren van onroerende goederen.
3) alle plaatsingen van kapitaal en het beheer van alle roerende goederen alsmede het nemen van participaties in om het even welke vennootschappen, doch niet in het kader van vermogensbeheerder.
4) verkopen, aankopen en bouwen van onroerende goederen.
5) het toestaan van leningen voor zover de wettelijke voorschriften zulks toelaten.
6) alle handels-, nijverheids-, financiële, roerende of onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar doel.
7) optreden als borgsteller voor derden.
8) de vennootschap zal bovendien op geldige wijze alle zekerheden zowel persoonlijke zakelijke, kunnen stellen tot waarborging van de verbintenissen van derden op voorwaarde dat zij als hiervoor door de gewaarborgde derden worden vergoed. De vennootschap mag op gelijk welke wijze deelnemen aan ondernemingen of vennootschappen met hetzelfde of een gelijkaardig doel of die haar doel kunnen bevorderen, hetzij rechtstreeks, hetzij onrechtstreeks door middel van fusie, afstand, deelneming of financiële tussenkomst of op gelijk welke andere wijze.

according to the deed of 11-06-2026

Other statement

Alle eventuele optierechten waarvan de overgenomen vennootschappen titularis zijn ingevolge welke titel ook (huurcontracten, leasingcontracten, akten houdende e…

Alle intellectuele rechten, waaronder alle tekeningen, logo's, fabrieks- en handelsmerken, waarvan de overgenomen vennootschappen titularis of begunstigde zijn,…

Archief van overgenomen vennootschappen (boeken en bescheiden wettelijk verplicht te houden en bewaren), vanaf verwezenlijking fusie

3 more provisions on this in the deed

according to the deed of 02-09-2026

Structure & network

Owners and holdings

1 owner

Chain of control

MARINVEST 100%
GAMAS

Highest known parent: MARINVEST. The sources do not say who stands above it.

Owners 1

MARINVESTparent

Sourceaccounts MARINVEST 30-09-2025

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

1 transaction

Taken over by:MARINVEST

merger by absorption · State Gazette act of 02-09-2026

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Identification & contact

Identification

Legal formPublic limited company

Founded10-04-1986

Fiscal year end31-12

Activities, NACEBEL 2025

41003General construction of other non-residential buildings

E-invoicing

Reachable via Peppol

Peppol ID 0208:0428788993

Also 9925:BE0428788993

Registered 29-12-2025

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Scores and ratios are computed by Checked and are not a credit decision.