Equity
-€2.6m
Debts exceed assets in financial year 2025.
GAMMA BELGIE
Lifetime
17 annual accounts with figures on one time axis, 45 filings since 1980peak €181.0m (2021)
€152.8m▼ 6.6%
lowest -€1.8m (2006)
€258,000▲ 16.7%
peak -€2.6m (2025)
-€2.6m▲ €258,000
€43.1m▼ 2.4%
peak 78.5 FTE (2017)
58.6 FTE▼ 0.7%
Board10 names since 2008
4 directorsde Beijer J.J.H. and 3 others
Owners
consolidatesIntergamma B.V.
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
2 directors reappointed 24-06Cash from €7.3m to €1.6m
Key points
from the 2025 annual accountsDebts
€43.1m 106% of the balance sheet
Suppliers 90%Taxes and wages 5%Other 5%
Of this, €41.0m falls due within a year.
Staff
58.6 FTE from 78.5 in 2017
Between 2017 and 2025, 25% of the full-time equivalents disappeared.
Filings
45 annual accounts since 1980
Two of the last ten came late. The 2016 accounts came latest: 4 days after the end of the period.
At the same address
54 companies
Position in the sector
-€2.6m
Less equity than 95% of companies in wholesale trade. Sector median €1.6m · 6,120 companies.
Checked score
54
Fair
Financially stronger than 23% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 747 companies (NACE 46, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025lowest value
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%▼ -0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.7 percentage points vs 06-2026highest value
08-2026: 1.0%▼ -0.4 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€2.6m
Liquidity: current ratio 0.97, cash €1.6m, halved
lowers risk
Size: turnover €152.8m, 58.6 FTE, total assets €40.6m
Legal form: public limited company
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 46, medium-sized). It does better than 4% of them on solvency, 7% on liquidity, 37% on profitability and 43% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 133 companies had the same profile as GAMMA BELGIE has now. Each dot is one company, two years later.
94.7%
were still trading
3.8%
stopped another way
0.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GAMMA BELGIE itself is higher: 1.0% within 12 months. It rests on far more data about GAMMA BELGIE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 133 companies, not a prediction for GAMMA BELGIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.97 (1.01 in 2024), below 1. Short-term debt is 100.9% and cash 3.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 6189 sector peers (2025).
NBB · sector comparisonPosition among 6189 sector peers
Solvency
better than 7%
← 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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
22 days early
2023
22 days early
2022
3 days late
2021
3 days early
2020
4 days early
2019
9 days early
← 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 14 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 10 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
HL
Hendrickx L.D.M.
Director, since 31-10-2023
DB
de Beijer J.J.H.
Director, since 30-06-2024
- Intergamma B.V. consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419661590
2 directors reappointed
MAXISE BV and Joost Johannes Hendrikus de Beijer · Permanent representative: Dominique Motte · Gazette deed
Registered office moved within Antwerp
New registered office: Desguinlei 100 bus 9, 2018 Antwerpen · Previous registered office: Amsterdamstraat 18E, 2000 Antwerpen · Board meeting of 15-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GAMMA BELGIE Antwerp | €152.8m | 1.4% | -6.4% | 58.6 |
| Geberit Meise | €109.6m | 5.5% | 16.9% | 61.1 |
| Velux - Belgium Wavre | €152.2m | 4.1% | 18.7% | 96.9 |
| VM BUILDING SOLUTIONS Deinze | €176.6m | 11.1% | 30.2% | 73.6 |
| XELLA BELGIE Bornem | €75.0m | 24.2% | 72.6% | 76.6 |
| Coeck Niel | €133.2m | 4.4% | 73.2% | 141.8 |
| GROUP A Hasselt | €79.7m | 1.8% | 29.0% | 34 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GAMMA BELGIE: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €16m and €137m, founded between 1960 and 1988.
Official details
Source: KBO- Status
- Active since 28-08-1979Normal situation
- Registered office
- 55 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.016.531.2182018 Antwerp, since 03-09-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- €40.6m▼ 1.9%
- Employeeson 31-12-2025
- 62=
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on GAMMA BELGIE
Turnover has fallen every year since 2021.
In September 2022, the Official Gazette published the appointment of Joost Johannes Hendrikus de Beijer as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GAMMA BELGIE
- What is the company number of GAMMA BELGIE?
- The company number of GAMMA BELGIE is 0419.661.590. The VAT number is the same number with BE in front: BE 0419.661.590.
- Where is GAMMA BELGIE based?
- The registered office is at Desguinlei 100, 2018 Antwerp.Company details
- What does GAMMA BELGIE do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of GAMMA BELGIE?
- GAMMA BELGIE is a public limited company (NV).
- When was GAMMA BELGIE founded?
- GAMMA BELGIE was founded on 28-08-1979.
- Is GAMMA BELGIE still active?
- Yes, GAMMA BELGIE is an active enterprise in the KBO register.
- How many employees does GAMMA BELGIE have?
- GAMMA BELGIE had an average of 58.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GAMMA BELGIE fall under?
- In its 2025 annual accounts, GAMMA BELGIE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GAMMA BELGIE?
- The turnover of GAMMA BELGIE was €152.8m in financial year 2025, according to the filed annual accounts.
- Is GAMMA BELGIE profitable?
- In financial year 2025, GAMMA BELGIE made a profit of €258,000.
- Where can I find the annual accounts of GAMMA BELGIE?
- GAMMA BELGIE filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GAMMA BELGIE due?
- GAMMA BELGIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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