GANDA
ActiveSummary
GANDA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €687,668 and a net result of -€1.6m. Equity is shrinking by about 20% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 18% of 682 sector peers (NACE 81, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, full format
In the rankings
#4 company by total assets in Destelbergen, Administrative and support services sector
Turnover
€2.5m▲ 23.3%
2023 · €2.0m
EBIT margin
-3.7%▲ 30.7pp
2023 · -34.4%
Net result
-€1.6m▼ 187%
2023 · -€548,529
Working capital
-€380,615▲ 55.4%
2023 · -€854,024
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €90,382 in 2024 against €685,907 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.5m
2024
Operating result-€0.09m
2024
Net result-€1.6m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.9m
2024
Equity€0.7m
2024
Debt€6.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-3.7%
2024
Return on assets (ROA)-22.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.40
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)9.5
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€1.5m-€1.8m▲ 17.8%€1.9m▲ 4.4%€1.9m▲ 4.2%€2.0m▲ 2.9%€2.5m▲ 23.3%
Operating result€0.1m-€0.2m▲ 48.6%€0.1m▼ 29.1%-€0.005m-€0.7m▼ 14,317%-€0.09m▲ 86.8%
Net result-€0.2m--€0.4mbelow the sector's middle half▼ 89.9%-€0.002mbelow the sector's middle half▲ 99.5%-€0.7mbelow the sector's middle half▼ 40,979%-€0.5mbelow the sector's middle half▲ 21.9%-€1.6mbelow the sector's middle half▼ 187%
EBIT margin9.1%-11.5%▲ 2.4pp7.8%▼ 3.7pp-0.2%▼ 8.1pp-34.4%▼ 34.2pp-3.7%▲ 30.7pp
Equity€3.2m-€2.9mabove the sector's middle half▼ 11.4%€2.9mabove the sector's middle half▼ 0.1%€2.2mabove the sector's middle half▼ 24.5%€1.6mabove the sector's middle half▼ 25.4%€0.7mwithin the sector's middle half▼ 57.3%
Total assets€6.8m-€6.3mabove the sector's middle half▼ 6.8%€6.3mabove the sector's middle half=€5.9mabove the sector's middle half▼ 5.8%€5.5mabove the sector's middle half▼ 6.8%€6.9mabove the sector's middle half▲ 25.2%
Debt€3.5m-€3.4m▼ 2.6%€3.4m=€3.8m▲ 9.8%€3.9m▲ 3.9%€6.2m▲ 59.1%
Working capital-€1.4m--€1.7mbelow the sector's middle half▼ 24.1%-€2.3mbelow the sector's middle half▼ 30.9%-€1.3mbelow the sector's middle half▲ 41.1%-€0.9mbelow the sector's middle half▲ 36.5%-€0.4mbelow the sector's middle half▲ 55.4%
Solvency47.9%-45.5%within the sector's middle half▼ 2.4pp45.5%within the sector's middle half=36.4%within the sector's middle half▼ 9.0pp29.2%within the sector's middle half▼ 7.3pp9.9%below the sector's middle half▼ 19.2pp
Current ratio0.36-0.25below the sector's middle half▼ 0.110.20below the sector's middle half▼ 0.050.28below the sector's middle half▲ 0.080.21below the sector's middle half▼ 0.070.40below the sector's middle half▲ 0.20
Return on assets (ROA)-2.9%--5.9%below the sector's middle half▼ 3.0pp0.0%below the sector's middle half▲ 5.8pp-11.8%below the sector's middle half▼ 11.8pp-9.9%below the sector's middle half▲ 1.9pp-22.7%below the sector's middle half▼ 12.8pp
Staff (FTE)15.2-17.6within the sector's middle half▲ 15.8%17.9within the sector's middle half▲ 1.7%16.8within the sector's middle half▼ 6.1%13.2within the sector's middle half▼ 21.4%9.5within the sector's middle half▼ 28.0%
above
within
below
the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Net result -187% on 2023. This financial year ran 18 months, the previous one 12.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.9m
Fixed assets
€6.7m ▲ 25.6%
Current assets
€257,069 ▲ 15.6%
Equity and liabilities €6.9m
Equity
€687,668 ▼ 57.3%
Debt
€6.2m ▲ 59.1%
Debt's share of the balance-sheet total rises from 70.8% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-228.8%▼
2023 · -34.1%
Debt ≤ 1 year
€637,683▼
2023 · €1.1m
Debt > 1 year
€5.5m▲
2023 · €2.8m
Income taxes
€2,425▼
2023 · €2,513
Staff costs
€1.4m▲
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.0m | €2.0m | €2.5m | ▲ 22.2% |
| Turnover70 | €1.5m | €1.8m | €1.9m | €1.9m | €2.0m | €2.5m | ▲ 23.3% |
| Other operating income74 | - | - | - | €0.01m | €0.03m | €0.02m | ▼ 45.4% |
| Non-recurring operating income76A | - | - | - | €0.004m | €0.004m | €0.005m | ▲ 32.4% |
| Operating charges60/66A | - | - | - | €2.0m | €2.7m | €2.6m | ▼ 5.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.03m | €0.002m | €0.01m | ▲ 496% |
| Purchases600/8 | - | - | - | €0.03m | €0.002m | €0.01m | ▲ 496% |
| Services and other goods61 | - | - | - | €0.5m | €0.8m | €1.0m | ▲ 22.8% |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.1m | €1.4m | ▲ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | €0.008m | -€0.02m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.4m | €0.02m | ▼ 95.6% |
| Non-recurring operating charges66A | - | - | - | €0 | €0.4m | €0.2m | ▼ 45.4% |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.1m | -€0.005m | -€0.7m | -€0.09m | ▲ 86.8% |
| Financial income75/76B | - | - | - | €0.4m | €0.4m | €0.003m | ▼ 99.2% |
| Recurring financial income75 | €0.02m | €0.01m | €0.01m | €0.003m | €0.002m | €0.003m | ▲ 38.8% |
| Income from financial fixed assets750 | - | - | - | €0.002m | €0.002m | €0.003m | ▲ 50.0% |
| Income from current assets751 | - | - | - | €0.001m | €162 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | - | €0 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €0.4m | €0.4m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €1.1m | €0.3m | €1.5m | ▲ 491% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 180% |
| Debt charges650 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 180% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.002m | ▲ 59.3% |
| Non-recurring financial charges66B | - | - | - | €0.9m | €0.08m | €1.0m | ▲ 13× |
| Profit (loss) for the period before taxes9903 | -€0.2m | -€0.4m | €0.004m | -€0.7m | -€0.5m | -€1.6m | ▼ 188% |
| Income taxes67/77 | €0.003m | €0.003m | €0.005m | €0.003m | €0.003m | €0.002m | ▼ 3.5% |
| Taxes670/3 | - | - | - | €0.003m | €0.003m | €0.002m | ▼ 3.5% |
| Profit (loss) for the period9904 | -€0.2m | -€0.4m | -€0.002m | -€0.7m | -€0.5m | -€1.6m | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | -€0.4m | -€0.002m | -€0.7m | -€0.5m | -€1.6m | ▼ 187% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €6.8m | €6.3m | €6.3m | €5.9m | €5.5m | €6.9m | ▲ 25.2% |
| Fixed assets21/28 | €6.0m | €5.7m | €5.7m | €5.4m | €5.3m | €6.7m | ▲ 25.6% |
| Intangible fixed assets21 | - | - | - | - | - | €0.01m | - |
| Tangible fixed assets22/27 | €0.07m | €0.05m | €0.05m | €0.04m | €0.02m | €1.4m | ▲ 83× |
| Land and buildings22 | - | - | - | - | - | €0.1m | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.02m | ▲ 12.5% |
| Leasing and similar rights25 | - | - | - | €0.005m | €0 | €1.2m | - |
| Financial fixed assets28 | €5.9m | €5.7m | €5.7m | €5.4m | €5.3m | €5.3m | = |
| Affiliated companies280/1 | - | - | - | €5.3m | €5.3m | €5.3m | = |
| Participating interests280 | - | - | - | €5.3m | €5.2m | €5.2m | = |
| Amounts receivable281 | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Companies linked by participating interests282/3 | - | - | - | €0.04m | €60 | €0 | ▼ 100% |
| Participating interests282 | - | - | - | €0.04m | €60 | €0 | ▼ 100% |
| Amounts receivable283 | - | - | - | €0 | - | - | - |
| Current assets29/58 | €0.8m | €0.6m | €0.6m | €0.5m | €0.2m | €0.3m | ▲ 15.6% |
| Stocks and contracts in progress3 | - | €0 | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.8m | €0.5m | €0.5m | €0.5m | €0.2m | €0.2m | ▲ 9.3% |
| Trade receivables40 | - | - | - | €0.5m | €0.2m | €0.1m | ▼ 31.6% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.1m | ▲ 309% |
| Cash at bank and in hand54/58 | €0.008m | €0.05m | €0.05m | €0.001m | €0.003m | €0.02m | ▲ 604% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.004m | €0.003m | ▼ 37.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €6.8m | €6.3m | €6.3m | €5.9m | €5.5m | €6.9m | ▲ 25.2% |
| Equity10/15 | €3.2m | €2.9m | €2.9m | €2.2m | €1.6m | €0.7m | ▼ 57.3% |
| Contributions10/11 | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €4.1m | ▲ 19.0% |
| Capital10 | - | - | - | €3.4m | €3.4m | €4.1m | ▲ 19.0% |
| Issued capital100 | - | - | - | €3.4m | €3.4m | €4.1m | ▲ 19.0% |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.6m | -€0.6m | -€1.3m | -€1.8m | -€3.4m | ▼ 85.7% |
| Amounts payable17/49 | €3.5m | €3.4m | €3.4m | €3.8m | €3.9m | €6.2m | ▲ 59.1% |
| Amounts payable after more than one year17 | €1.3m | €1.0m | €0.5m | €1.7m | €2.8m | €5.5m | ▲ 101% |
| Financial debts170/4 | - | - | - | €1.7m | €2.8m | €5.5m | ▲ 101% |
| Subordinated loans170 | - | - | - | €1.3m | €2.0m | €1.9m | ▼ 1.6% |
| Unsubordinated bonds171 | - | - | - | - | - | €0.7m | - |
| Leasing and similar obligations172 | - | - | - | €0 | - | €1.1m | - |
| Credit institutions173 | - | - | - | €0.005m | €0 | - | - |
| Other loans174 | - | - | - | €0.4m | €0.8m | €1.8m | ▲ 129% |
| Amounts payable within one year42/48 | €2.2m | €2.3m | €2.9m | €1.9m | €1.1m | €0.6m | ▼ 40.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | ▲ 52.0% |
| Trade debts44 | €0.03m | €0.03m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 14.9% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.1m | ▲ 14.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 27.0% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.03m | ▼ 17.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0.1m | ▼ 29.2% |
| Other amounts payable47/48 | - | - | - | €1.3m | €0.6m | €0.2m | ▼ 75.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.08m | €0.04m | ▼ 48.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | -€0.4m | -€0.002m | -€0.7m | -€0.5m | -€1.6m | ▼ 187% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 5.6% |
| Operating cash flow (approximation) | -€0.2m | -€0.3m | €0.02m | -€0.7m | -€0.5m | -€1.6m | ▼ 194% |
| Investment in fixed assets (approximation) | - | €0.2m | -€0.02m | €0.3m | €0.08m | -€1.4m | - |
| Change in cash | - | €0.04m | €138 | -€0.05m | €0.002m | €0.02m | ▲ 820% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 15-07-2025 | 2025-00275811 |
| 30-06-2023 | full format | 31-01-2024 | 2024-00024235 |
| 30-06-2022 | full format | 30-01-2023 | 2023-00020883 |
| 30-06-2021 | full format | 27-01-2022 | 2022-02500190 |
| 30-06-2020 | full format | 01-02-2021 | 2021-04400407 |
| 30-06-2019 | full format | 30-01-2020 | 2020-04100437 |
| 30-06-2018 | full format | 31-01-2019 | 2019-03900230 |
| 30-06-2017 | full format | 15-02-2018 | 2018-05100386 |
| 30-06-2016 | full format | 26-01-2017 | 2017-02700460 |
| 30-06-2015 | full format | 04-01-2016 | 2016-00200109 |
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Of the 1,263 active companies whose main activity is combined facilities support activities (NACE 81100), figures are known for 675. 444 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €1,240 awarded · €1,509 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €650 | €650 |
| 2023 | 1 | €0 | €269 |
| 2022 | 1 | €590 | €590 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.