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GAMORINE

Active
Public limited companyfounded 2007active for 19 yearsLammekenslaan 15, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0886.674.921

Financials · financial year 2025, full format

Annual accounts 2025 filed on 28-07-2026 at the NBB all 19 filings

Turnover
€884,584▲ 11.4%
2024 · €793,980
EBIT margin
0.8%▲ 13.2pp
2024 · -12.4%
Net result
-€177,423▼ 22.8%
2024 · -€144,483
Working capital
-€184,513▲ 76.2%
2024 · -€774,238
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €7,219, after a loss of €98,557 in 2024.

Turnover€0.9m 2025 Operating result€0.007m 2025 Net result-€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.7m-€0.7m▼ 0.8%€0.6m▼ 11.4%€0.7m▲ 8.0%€0.9m▲ 30.3%€0.9m▲ 3.0%€0.8m▼ 11.8%€0.9m▲ 11.4%
Operating result€0.3m-€0.4m▲ 11.8%€0.2m▼ 45.5%€1.7m▲ 757%€0.07m▼ 96.2%€0.06m▼ 3.8%-€0.1m€0.007m
Net result€0.06m-€0.2m▲ 292%€0.6mabove the sector's middle half▲ 174%€1.5mabove the sector's middle half▲ 148%-€0.2mbelow the sector's middle half€0.2mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 22.8%
EBIT margin46.0%-51.9%▲ 5.9pp31.9%▼ 20.0pp253.3%▲ 221.4pp7.5%▼ 245.9pp7.0%▼ 0.5pp-12.4%▼ 19.4pp0.8%▲ 13.2pp
Equity€10.5m-€10.7m▲ 2.1%€11.3mabove the sector's middle half▲ 5.6%€12.8mabove the sector's middle half▲ 13.1%€12.7mabove the sector's middle half▼ 1.2%€12.7mabove the sector's middle half▲ 0.1%€12.5mabove the sector's middle half▼ 1.1%€12.3mabove the sector's middle half▼ 1.4%
Total assets€15.7m-€15.5m▼ 1.1%€20.5mabove the sector's middle half▲ 32.2%€19.4mabove the sector's middle half▼ 5.6%€18.9mabove the sector's middle half▼ 2.4%€18.4mabove the sector's middle half▼ 2.8%€18.0mabove the sector's middle half▼ 2.1%€17.8mabove the sector's middle half▼ 1.3%
Debt€5.2m-€4.8m▼ 7.4%€9.2m▲ 91.3%€6.2m▼ 32.8%€5.9m▼ 4.6%€5.4m▼ 8.6%€5.2m▼ 4.0%€5.2m▼ 0.5%
Working capital-€0.7m--€0.6m▲ 21.8%-€3.6mbelow the sector's middle half▼ 544%-€1.2mbelow the sector's middle half▲ 67.4%-€1.1mbelow the sector's middle half▲ 6.6%-€0.6mbelow the sector's middle half▲ 42.3%-€0.8mbelow the sector's middle half▼ 22.4%-€0.2mbelow the sector's middle half▲ 76.2%
Solvency66.9%-69.0%▲ 2.1pp55.1%within the sector's middle half▼ 13.9pp66.0%within the sector's middle half▲ 10.9pp66.9%within the sector's middle half▲ 0.8pp68.9%within the sector's middle half▲ 2.0pp69.6%within the sector's middle half▲ 0.7pp69.6%within the sector's middle half▼ 0.1pp
Current ratio0.15-0.14▼ 0.010.22below the sector's middle half▲ 0.070.36below the sector's middle half▲ 0.150.39below the sector's middle half▲ 0.020.55below the sector's middle half▲ 0.160.46below the sector's middle half▼ 0.090.78below the sector's middle half▲ 0.33
Return on assets (ROA)0.4%-1.4%▲ 1.0pp2.9%within the sector's middle half▲ 1.5pp7.7%within the sector's middle half▲ 4.7pp-0.8%below the sector's middle half▼ 8.5pp0.9%within the sector's middle half▲ 1.7pp-0.8%below the sector's middle half▼ 1.7pp-1.0%below the sector's middle half▼ 0.2pp
Staff (FTE)3.7-3.3▼ 10.8%3.2within the sector's middle half▼ 3.0%2.8within the sector's middle half▼ 12.5%3.8within the sector's middle half▲ 35.7%3.8within the sector's middle half=3.8within the sector's middle half=3.8within the sector's middle half=
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.8m
Fixed assets €17.1m ▼ 1.5%
Current assets €669,086 ▲ 2.3%
Equity and liabilities €17.8m
Equity €12.3m ▼ 1.4%
Provisions €242,526 ▼ 12.6%
Debt €5.2m ▼ 0.5%
Debt's share of the balance-sheet total rises from 28.8% to 29.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€287,310▲
2024 · €182,486
Cash flow
€102,668▼
2024 · €136,560
Debt to equity
0.42▲
2024 · 0.41
ROE
-1.4%▼
2024 · -1.2%
Interest coverage
1.23▲
2024 · 0.76
Debt ≤ 1 year
€853,599▼
2024 · €1.4m
Debt > 1 year
€4.3m▲
2024 · €3.7m
Income taxes
€489▼
2024 · €495
Customer credit
68 days▲
2024 · 38 days
Staff costs
€322,595▲
2024 · €311,403
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date34444
full-time23333
part-time11111
in full-time equivalents2.83.83.83.83.8
Average over the year, in full-time equivalents2.83.83.83.83.8
On a permanent contract34444
Joined-1---
Left-0---
Training hours96129131132131

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€1.3m----

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€869-€128,344--
Financial fixed assets€200,000----
Depreciation and write-downs of the year€274,312€266,118€275,175€281,043€280,092

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as GAMORINE: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €8.1m and €21m, founded between 1997 and 2011.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
GAMORINE Knokke-Heist2007€17.8m€12.3m€0.9m-€0.2m3.82025
OUTDOOR OPERATIONS Nazareth-De Pinte2011€13.4m€13.3m€0.7m€0.1m5.42025
Charles De Wit Holding Antwerpen2008€21.2m€17.2m€0.3m€2.3m4.12025
V.H. BEHEER Roeselare1997€17.8m€11.4m€2.0m€0.001m3.92025
FRAEYE GROUP Kruisem2003€16.9m€11.2m€2.9m€1.3m2.62025
ADB AGROVISIE Dendermonde2009€8.5m€7.9m€0.6m€0.5m5.82025
BRYGGIA Knokke-Heist2002€8.1m€8.1m€0.4m€0.008m1.92025

They were chosen from the 3,635 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€18.0m€17.8m▼
Fixed assets21/28€17.3m€17.1m▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€3.2m€3.0m▼
Land and buildings22€3.2m€2.9m▼
Leasing and similar rights25€0.08m€0.06m▼
Financial fixed assets28€14.1m€14.1m=
Affiliated companies280/1€14.1m€14.1m=
Participating interests280€14.1m€14.1m=
Current assets29/58€0.7m€0.7m▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0.5m€0.6m▲
Trade receivables40€0.08m€0.2m▲
Other amounts receivable41€0.5m€0.4m▼
Current investments50/53€0.009m€0.009m=
Other investments51/53€0.009m€0.009m=
Cash at bank and in hand54/58€0.01m€0.02m▲
Deferred charges and accrued income490/1€0.09m€0.05m▼
Equity and liabilities
Total equity and liabilities10/49€18.0m€17.8m▼
Equity10/15€12.5m€12.3m▼
Contributions10/11€0.5m€0.5m=
Capital10€0.5m€0.5m=
Issued capital100€0.5m€0.5m=
Reserves13€9.9m€9.8m▼
Non-distributable reserves130/1€0.05m€0.05m=
Legal reserve130€0.05m€0.05m=
Tax-exempt reserves132€0.8m€0.7m▼
Distributable reserves133€9.0m€9.0m=
Profit (loss) carried forward14€2.2m€2.1m▼
Provisions and deferred taxes16€0.3m€0.2m▼
Deferred taxes168€0.3m€0.2m▼
Amounts payable17/49€5.2m€5.2m▼
Amounts payable after more than one year17€3.7m€4.3m▲
Financial debts170/4€0.5m€0.3m▼
Leasing and similar obligations172€0.06m€0.03m▼
Credit institutions173€0.4m€0.2m▼
Other amounts payable178/9€3.2m€4.0m▲
Amounts payable within one year42/48€1.4m€0.9m▼
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Trade debts44€0.007m€0.02m▲
Suppliers440/4€0.007m€0.02m▲
Taxes, remuneration and social security45€0.07m€0.07m▲
Taxes450/3€0.03m€0.02m▼
Remuneration and social security454/9€0.04m€0.05m▲
Other amounts payable47/48€1.1m€0.5m▼
Accrued charges and deferred income492/3€0.03m€0.03m▼
Income statement Code20242025
Operating income70/76A€0.8m€1.0m▲
Turnover70€0.8m€0.9m▲
Other operating income74€0.04m€0.04m▲
Non-recurring operating income76A€0€0.03m▲
Operating charges60/66A€0.9m€0.9m▲
Services and other goods61€0.3m€0.3m▲
Remuneration, social security and pensions62€0.3m€0.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▼
Other operating charges640/8€0.009m€0.009m▼
Operating profit (loss)9901-€0.1m€0.007m▲
Financial income75/76B€0.2m€0.02m▼
Recurring financial income75€0.2m€0.02m▼
Income from financial fixed assets750€0.2m€0▼
Income from current assets751€0.01m€0.02m▲
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Debt charges650€0.2m€0.2m▼
Other financial charges652/9€0.001m€0.002m▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903-€0.2m-€0.2m▼
Transfer from deferred taxes780€0.04m€0.04m=
Income taxes67/77€495€489▼
Taxes670/3€0.001m€0.001m▼
Tax adjustments and reversals of tax provisions77€55€11▼
Profit (loss) for the period9904-€0.1m-€0.2m▼
Transfer from tax-exempt reserves789€0.1m€0.1m=
Profit (loss) for the period to be appropriated9905-€0.04m-€0.07m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.2m€2.1m▼
Profit (loss) brought forward from the previous period14P€2.2m€2.2m▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance sheet
Average headcount (FTE)90873.83.8=

The notes to these accounts have 57 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A---€2.4m€0.9m€1.0m€0.8m€1.0m▲ 14.5%
Turnover70€0.7m€0.7m€0.6m€0.7m€0.9m€0.9m€0.8m€0.9m▲ 11.4%
Other operating income74---€0.03m€0.04m€0.04m€0.04m€0.04m▲ 13.5%
Non-recurring operating income76A---€1.7m€0€0.03m€0€0.03m-
Operating charges60/66A---€0.7m€0.8m€0.9m€0.9m€0.9m▲ 1.6%
Services and other goods61---€0.2m€0.3m€0.3m€0.3m€0.3m▲ 1.4%
Remuneration, social security and pensions62---€0.2m€0.3m€0.3m€0.3m€0.3m▲ 3.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.08m€0.2m€0.3m€0.3m€0.3m€0.3m€0.3m▼ 0.3%
Other operating charges640/8---€0.008m€0.005m€0.008m€0.009m€0.009m▼ 1.2%
Non-recurring operating charges66A---€0-----
Operating profit (loss)9901€0.3m€0.4m€0.2m€1.7m€0.07m€0.06m-€0.1m€0.007m-
Financial income75/76B---€0.8m€0.005m€0.8m€0.2m€0.02m▼ 89.9%
Recurring financial income75€0.001m€0.1m€0.6m€0.4m€0.005m€0.8m€0.2m€0.02m▼ 89.9%
Income from financial fixed assets750---€0.4m€0€0.8m€0.2m€0▼ 100%
Income from current assets751---€74€0.005m€0.007m€0.01m€0.02m▲ 60.1%
Other financial income752/9---€0€0€0---
Non-recurring financial income76B---€0.4m€0----
Financial charges65/66B---€0.6m€0.2m€0.7m€0.2m€0.2m▼ 2.2%
Recurring financial charges65€0.2m€0.1m€0.1m€0.3m€0.2m€0.2m€0.2m€0.2m▼ 2.2%
Debt charges650€0.2m€0.1m€0.1m€0.3m€0.2m€0.2m€0.2m€0.2m▼ 2.4%
Other financial charges652/9---€0.002m€0.001m€0.002m€0.001m€0.002m▲ 61.9%
Non-recurring financial charges66B---€0.4m€0€0.5m€0--
Profit (loss) for the period before taxes9903€0.1m€0.3m€0.6m€1.9m-€0.2m€0.1m-€0.2m-€0.2m▼ 18.4%
Transfer from deferred taxes780---€0.04m€0.04m€0.04m€0.04m€0.04m=
Transfer to deferred taxes680---€0.4m€0----
Income taxes67/77€0.05m€0.07m€0.02m€0.006m€0.02m€492€495€489▼ 1.2%
Taxes670/3---€0.006m€0.02m€0.001m€0.001m€0.001m▼ 9.1%
Tax adjustments and reversals of tax provisions77---€0€0.001m€8€55€11▼ 80.3%
Profit (loss) for the period9904€0.06m€0.2m€0.6m€1.5m-€0.2m€0.2m-€0.1m-€0.2m▼ 22.8%
Transfer from tax-exempt reserves789---€0.1m€0.1m€0.1m€0.1m€0.1m=
Transfer to tax-exempt reserves689---€1.3m€0----
Profit (loss) for the period to be appropriated9905€0.06m€0.2m€0.6m€0.3m-€0.05m€0.3m-€0.04m-€0.07m▼ 84.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€15.7m€15.5m€20.5m€19.4m€18.9m€18.4m€18.0m€17.8m▼ 1.3%
Fixed assets21/28€15.6m€15.5m€19.5m€18.7m€18.2m€17.6m€17.3m€17.1m▼ 1.5%
Intangible fixed assets21€0.04m€0.03m€0.02m€0.02m€0.01m€0.003m€0--
Tangible fixed assets22/27€1.0m€0.9m€5.0m€3.9m€3.7m€3.5m€3.2m€3.0m▼ 7.8%
Land and buildings22---€3.9m€3.7m€3.4m€3.2m€2.9m▼ 7.3%
Furniture and vehicles24---€0.01m€0.006m€0---
Leasing and similar rights25---€0-€0.1m€0.08m€0.06m▼ 29.6%
Financial fixed assets28€14.6m€14.5m€14.5m€14.8m€14.5m€14.1m€14.1m€14.1m=
Affiliated companies280/1---€14.8m€14.5m€14.1m€14.1m€14.1m=
Participating interests280---€14.5m€14.5m€14.1m€14.1m€14.1m=
Amounts receivable281---€0.2m€0----
Current assets29/58€0.1m€0.09m€1.0m€0.7m€0.7m€0.8m€0.7m€0.7m▲ 2.3%
Stocks and contracts in progress3-€0€0€0€0€0€0€0-
Amounts receivable within one year40/41€0.06m€0.008m€0.9m€0.4m€0.5m€0.6m€0.5m€0.6m▲ 8.5%
Trade receivables40---€0.01m€0.08m€0.2m€0.08m€0.2m▲ 99.8%
Other amounts receivable41---€0.4m€0.4m€0.4m€0.5m€0.4m▼ 7.7%
Current investments50/53€0.05m€0.05m€0.05m€0.007m€0.008m€0.008m€0.009m€0.009m=
Other investments51/53---€0.007m€0.008m€0.008m€0.009m€0.009m=
Cash at bank and in hand54/58€0.009m€0.03m€0.02m€0.02m€0.02m€0.02m€0.01m€0.02m▲ 50.5%
Deferred charges and accrued income490/1---€0.2m€0.2m€0.1m€0.09m€0.05m▼ 44.1%
Equity and liabilities
Total equity and liabilities10/49€15.7m€15.5m€20.5m€19.4m€18.9m€18.4m€18.0m€17.8m▼ 1.3%
Equity10/15€10.5m€10.7m€11.3m€12.8m€12.7m€12.7m€12.5m€12.3m▼ 1.4%
Contributions10/11€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m=
Capital10---€0.5m€0.5m€0.5m€0.5m€0.5m=
Issued capital100---€0.5m€0.5m€0.5m€0.5m€0.5m=
Reserves13€9.0m€9.0m€9.0m€10.2m€10.1m€10.0m€9.9m€9.8m▼ 1.1%
Non-distributable reserves130/1---€0.05m€0.05m€0.05m€0.05m€0.05m=
Legal reserve130---€0.05m€0.05m€0.05m€0.05m€0.05m=
Tax-exempt reserves132---€1.1m€1.0m€0.9m€0.8m€0.7m▼ 12.6%
Distributable reserves133---€9.0m€9.0m€9.0m€9.0m€9.0m=
Profit (loss) carried forward14€1.0m€1.2m€1.8m€2.1m€2.1m€2.2m€2.2m€2.1m▼ 3.3%
Provisions and deferred taxes16---€0.4m€0.3m€0.3m€0.3m€0.2m▼ 12.6%
Deferred taxes168---€0.4m€0.3m€0.3m€0.3m€0.2m▼ 12.6%
Amounts payable17/49€5.2m€4.8m€9.2m€6.2m€5.9m€5.4m€5.2m€5.2m▼ 0.5%
Amounts payable after more than one year17€4.4m€4.1m€4.6m€4.3m€4.1m€4.0m€3.7m€4.3m▲ 14.8%
Financial debts170/4---€1.1m€0.9m€0.7m€0.5m€0.3m▼ 48.8%
Leasing and similar obligations172-----€0.08m€0.06m€0.03m▼ 41.4%
Credit institutions173---€1.1m€0.9m€0.7m€0.4m€0.2m▼ 49.7%
Other amounts payable178/9---€3.3m€3.2m€3.2m€3.2m€4.0m▲ 24.7%
Amounts payable within one year42/48€0.8m€0.7m€4.6m€1.8m€1.8m€1.4m€1.4m€0.9m▼ 40.2%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.2m€0.2m€0.2m▲ 1.5%
Financial debts43---€0.005m€0----
Credit institutions430/8---€0.005m€0----
Trade debts44€0.03m€0.1m€0.05m€0.06m€0.2m€0.1m€0.007m€0.02m▲ 174%
Suppliers440/4---€0.06m€0.2m€0.1m€0.007m€0.02m▲ 174%
Taxes, remuneration and social security45---€0.05m€0.09m€0.09m€0.07m€0.07m▲ 8.5%
Taxes450/3---€0.02m€0.05m€0.05m€0.03m€0.02m▼ 5.9%
Remuneration and social security454/9---€0.03m€0.04m€0.05m€0.04m€0.05m▲ 16.8%
Other amounts payable47/48---€1.5m€1.2m€1.0m€1.1m€0.5m▼ 53.6%
Accrued charges and deferred income492/3---€0.02m€0.01m€0.03m€0.03m€0.03m▼ 15.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.06m€0.2m€0.6m€1.5m-€0.2m€0.2m-€0.1m-€0.2m▼ 22.8%
+ Depreciation and write-downs630€0.07m€0.08m€0.2m€0.3m€0.3m€0.3m€0.3m€0.3m▼ 0.3%
Operating cash flow (approximation)€0.1m€0.3m€0.8m€1.8m€0.1m€0.4m€0.1m€0.1m▼ 24.8%
Investment in fixed assets (approximation)-€0.05m-€4.3m€0.6m€0.2m€0.3m€0-€0.03m-
Change in cash-€0.02m-€0.005m€0.001m-€0.004m-€0.004m-€0.002m€0.007m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 28-07-2026 2026-00352155 NBB
31-12-2024 full format 17-07-2025 2025-00287038 PDF
31-12-2023 full format 18-07-2024 2024-00264632 PDF
31-12-2022 full format 20-07-2023 2023-00269388 PDF
31-12-2021 full format 18-07-2022 2022-20207857 PDF
31-12-2020 full format 29-07-2021 2021-42900455 PDF
31-12-2019 full format 22-07-2020 2020-32700418 PDF
31-12-2018 full format 17-07-2019 2019-34300138 PDF
31-12-2017 full format 20-07-2018 2018-35500573 PDF
31-12-2016 full format 19-07-2017 2017-33500450 PDF

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