GandaSource
Annual accounts 2025
micro format, filed on 27-04-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €36,000. Estimated: probably between €18,000 and €70,000.
Balance sheet
balance sheet total €1.2m on 30-09-2025in €m
in euro
Position in the sector
90.2%
Higher than 88% of 21,208 companies in 2025.
68.44
Higher than 95% of 20,571 companies in 2025.
-0.5%
Higher than 16% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
1.2m | 1.2m | 1.0m | 934,388 | 991,794 | 1.0m | 1.0m | 1.0m | 865,268 | 554,006 | 625,667 | 257,784 | 178,169 | 91,009 | 299,180 | 220,971 | 117,548 | |
21/28 |
119,362 | 124,478 | 128,673 | 126,513 | 2,328 | 8,934 | 4,168 | 215,122 | 101,312 | 79,371 | 65,446 | 51,318 | 43,037 | 42,232 | 13,303 | 18,925 | 23,064 | |
22/27 |
119,362 | 124,478 | 128,673 | 126,513 | 2,328 | 8,934 | 4,168 | 7,887 | 9,685 | 8,100 | 10,271 | 18,285 | 28,003 | 42,232 | 13,303 | 18,925 | 23,064 | |
22 |
116,554 | 119,874 | 123,193 | 126,513 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
2,387 | 3,278 | 4,172 | 0 | 381 | 1,073 | 2,674 | 4,579 | 4,581 | 4,549 | 1,213 | - | 264 | 790 | 1,401 | 538 | - | |
24 |
421 | 1,326 | 1,308 | 0 | 1,947 | 7,559 | 686 | 1,996 | 3,288 | 2,743 | 9,058 | 18,285 | 27,594 | 41,152 | 11,468 | 17,807 | 23,064 | |
26 |
0 | 0 | 0 | 0 | 0 | 303 | 807 | 1,312 | 1,817 | 807 | - | - | 145 | 290 | 435 | 580 | - | |
28 |
- | - | - | - | - | - | - | 207,235 | 91,627 | 71,272 | 55,175 | 33,033 | 15,034 | - | - | - | - | |
29/58 |
1.0m | 1.0m | 879,578 | 807,875 | 989,466 | 999,099 | 1.0m | 815,145 | 763,956 | 474,634 | 560,221 | 206,466 | 135,132 | 48,777 | 285,877 | 202,046 | 94,484 | |
40/41 |
4,901 | 25,935 | 3,243 | 9,680 | 7,050 | 10,266 | 6,943 | 16,170 | 37,483 | 53,030 | 19,652 | 18,650 | 37,008 | 42,978 | 41,600 | 41,520 | 19,232 | |
40 |
- | 14,585 | 358 | 2,830 | 5,931 | 5,933 | 5,893 | 5,549 | 37,410 | 41,768 | 19,353 | 18,396 | 37,008 | 41,539 | 41,394 | 41,520 | 19,232 | |
41 |
4,901 | 11,350 | 2,885 | 6,850 | 1,120 | 4,333 | 1,050 | 10,622 | 72 | 11,262 | 299 | 254 | - | 1,439 | 206 | - | - | |
50/53 |
481,768 | 463,613 | 387,483 | 351,106 | 435,966 | 386,490 | 373,451 | 165,860 | 144,171 | 113,879 | 82,812 | 52,500 | 25,000 | - | - | - | - | |
54/58 |
558,495 | 547,788 | 488,076 | 445,821 | 544,710 | 600,382 | 617,811 | 631,015 | 580,262 | 305,703 | 457,757 | 133,903 | 71,775 | 4,434 | 243,559 | 159,330 | 73,745 | |
490/1 |
1,273 | 2,088 | 777 | 1,268 | 1,740 | 1,961 | 3,227 | 2,101 | 2,040 | 2,023 | - | 1,413 | 1,350 | 1,365 | 718 | 1,196 | 1,507 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
1.2m | 1.2m | 1.0m | 934,388 | 991,794 | 1.0m | 1.0m | 1.0m | 865,268 | 554,006 | 625,667 | 257,784 | 178,169 | 91,009 | 299,180 | 220,971 | 117,548 | |
10/15 |
1.1m | 1.1m | 971,663 | 928,107 | 933,102 | 932,340 | 1.0m | 985,380 | 755,450 | 528,838 | 442,415 | 187,459 | 162,750 | 81,323 | 9,108 | 157,921 | 79,768 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 72,600 | 72,600 | 72,600 | 72,600 | 72,600 | 72,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1.1m | 1.1m | 965,463 | 924,884 | 924,884 | 924,884 | 929,024 | 912,563 | 682,632 | 456,022 | 369,600 | 114,000 | 156,000 | 74,860 | 1,860 | 150,860 | 72,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 8,500 | 8,500 | 8,500 | 8,500 | 8,500 | 6,000 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1.1m | 1.1m | 965,463 | 923,024 | 923,024 | 923,024 | 920,524 | 904,063 | 674,132 | 447,522 | 361,100 | 108,000 | 154,140 | 73,000 | - | 149,000 | 71,000 | |
14 |
-5,918 | - | 0 | -2,977 | 2,018 | 1,256 | 218 | 218 | 218 | 216 | 215 | 859 | 550 | 263 | 1,048 | 861 | 708 | |
17/49 |
114,641 | 106,826 | 36,588 | 6,281 | 58,692 | 75,693 | 3,758 | 44,887 | 109,818 | 25,168 | 183,252 | 70,325 | 15,420 | 9,686 | 290,072 | 63,050 | 37,780 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,863 | 17,124 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,863 | 17,124 | |
42/48 |
15,290 | 21,687 | 24,658 | 6,281 | 8,536 | 71,470 | 3,758 | 44,731 | 109,818 | 25,168 | 182,847 | 70,325 | 15,353 | 9,180 | 290,072 | 54,187 | 20,656 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,863 | 8,261 | 7,700 | |
44 |
9,557 | 17,483 | 9,827 | 6,281 | 7,877 | 2,837 | 1,610 | 4,426 | 9,083 | 12,884 | 5,616 | 8,053 | 7,141 | 4,689 | 4,968 | 1,984 | 500 | |
440/4 |
9,557 | 17,483 | 9,827 | 6,281 | 7,877 | 2,837 | 1,610 | 4,426 | 9,083 | 12,884 | 5,616 | 8,053 | 7,141 | 4,689 | 4,968 | 1,984 | 500 | |
45 |
5,733 | 4,204 | 14,831 | 0 | 658 | 2,233 | 2,148 | 305 | 100,735 | 12,284 | 177,231 | 16,143 | 8,212 | 2,034 | 49,051 | 38,634 | 12,456 | |
450/3 |
4,904 | 4,110 | 8,994 | 0 | 142 | - | - | - | 100,717 | 10,882 | 176,748 | 12,485 | 6,152 | 2,034 | 48,616 | 38,634 | 9,190 | |
454/9 |
828 | 94 | 5,837 | 0 | 516 | 2,233 | 2,148 | 305 | 18 | 1,402 | 483 | 3,658 | 2,060 | - | 434 | - | 3,266 | |
47/48 |
- | - | 0 | 0 | 0 | 66,400 | - | 40,000 | - | - | - | 46,128 | - | 2,458 | 227,190 | 5,308 | - | |
492/3 |
99,351 | 85,139 | 11,930 | 0 | 50,157 | 4,223 | - | 156 | - | - | 405 | - | 67 | 506 | - | - | - | |
| Income statement | ||||||||||||||||||
9900 |
6,824 | 125,823 | 30,005 | -9,541 | 3,921 | -6,082 | 30,943 | 381,624 | 375,425 | 157,765 | 435,688 | 125,023 | 129,805 | 123,838 | 121,496 | 123,561 | 123,040 | |
630 |
5,116 | 5,046 | 5,539 | 7,584 | 6,606 | 7,744 | 3,720 | 3,701 | 3,321 | 2,101 | 9,530 | 10,925 | 10,291 | 16,362 | 8,081 | 7,565 | 9,903 | |
640/8 |
2,495 | 2,230 | 1,620 | 1,219 | 1,065 | 987 | 1,001 | 554 | 528 | 439 | 927 | 1,399 | 1,351 | 1,483 | 1,119 | 1,162 | 2,456 | |
9901 |
-787 | 118,548 | 22,847 | -18,344 | -3,751 | -14,813 | 26,223 | 377,369 | 371,577 | 155,225 | 425,232 | 112,699 | 118,163 | 105,993 | 112,296 | 114,834 | 110,681 | |
75/76B |
5,730 | 2,261 | 2,851 | 38,109 | 4,925 | 12,462 | 516 | 5,445 | 4,150 | 2,423 | 9,742 | 224 | 307 | 2,080 | 1,681 | 218 | 455 | |
75 |
5,730 | 2,261 | 2,851 | 38,109 | 4,925 | 12,462 | 516 | 5,445 | 4,150 | 2,423 | 9,742 | 224 | 307 | 2,080 | 1,681 | 218 | 455 | |
65/66B |
10,682 | 6,205 | -22,282 | 24,593 | 412 | 750 | 911 | 2,173 | 1,887 | 3,960 | 8,635 | 138 | 441 | 491 | 1,000 | 1,689 | 2,374 | |
65 |
10,682 | 6,205 | -22,282 | 24,593 | 412 | 750 | 911 | 2,173 | 1,887 | 3,960 | 8,635 | 138 | 441 | 491 | 1,000 | 1,689 | 2,374 | |
9903 |
-5,739 | 114,604 | 47,979 | -4,828 | 762 | -3,102 | 25,827 | 380,641 | 373,839 | 153,688 | 426,339 | 112,785 | 118,029 | 107,583 | 112,978 | 113,363 | 108,762 | |
67/77 |
179 | 29,191 | 4,423 | 167 | 0 | 0 | 9,367 | 150,711 | 147,227 | 67,265 | 171,383 | 34,571 | 36,603 | 35,367 | 38,590 | 35,210 | 35,194 | |
9904 |
-5,918 | 85,413 | 43,556 | -4,995 | 762 | -3,102 | 16,461 | 229,931 | 226,612 | 86,423 | 254,956 | 78,215 | 81,426 | 72,216 | 74,387 | 78,152 | 73,568 | |
9905 |
-5,918 | 85,413 | 43,556 | -4,995 | 762 | -3,102 | 16,461 | 229,931 | 226,612 | 86,423 | 254,956 | 78,215 | 81,426 | 72,216 | 74,387 | 78,152 | 73,568 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-5,918 | 85,413 | 40,580 | -2,977 | 2,018 | -2,884 | 16,679 | 230,148 | 226,828 | 86,638 | 255,815 | 78,765 | 81,690 | 73,263 | 75,248 | 78,861 | 73,568 | |
14P |
- | - | -2,977 | 2,018 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 1,860 | - | - | 4,140 | - | - | - | - | - | 73,778 | - | - | 149,000 | - | - | |
691/2 |
- | 85,413 | 42,440 | - | - | - | 16,461 | 229,931 | 226,610 | 86,422 | 255,600 | 31,778 | 81,140 | 73,000 | - | 78,000 | 72,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 2,500 | 4,140 | - | - | - | - | 1,860 | |
6921 |
- | 85,413 | 42,440 | - | - | - | 16,461 | 229,931 | 226,610 | 86,422 | 253,100 | 27,638 | 81,140 | 73,000 | - | 78,000 | 71,000 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 119,906 | - | - | 223,200 | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | 119,906 | - | - | 223,200 | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00097074 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00087569 | |
| 30-09-2023 | micro format | 19-04-2024 | 2024-00065962 | |
| 30-09-2022 | micro format | 30-04-2023 | 2023-00073231 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09300522 | |
| 30-09-2020 | micro format | 16-04-2021 | 2021-10800554 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11400204 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11600418 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11100195 | |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-10500287 | |
| 30-09-2015 | abbreviated format | 29-04-2016 | 2016-11200236 | |
| 30-09-2014 | abbreviated format | 29-04-2015 | 2015-11000254 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11000284 | |
| 30-09-2012 | abbreviated format | 30-04-2013 | 2013-10700483 | |
| 30-09-2011 | abbreviated format | 30-04-2012 | 2012-10200539 | |
| 30-09-2010 | abbreviated format | 30-04-2011 | 2011-10000084 | |
| 30-09-2009 | abbreviated format | 30-04-2010 | 2010-10900313 |
Subsidies and aid
Flemish government 2022, 1 entry, €750 awarded, €750 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,328 | 123,594 | 28,386 | -10,759 | 2,855 | -7,069 | 29,942 | 381,071 | 374,897 | 157,326 | 434,761 | 123,624 | 128,454 | 122,355 | 120,378 | 122,399 | 120,584 | ||
| -803 | 90,459 | 49,095 | 2,589 | 7,368 | 4,642 | 20,181 | 233,632 | 229,933 | 88,524 | 264,485 | 89,140 | 91,717 | 88,577 | 82,468 | 85,718 | 83,471 | ||
| 0 | 850 | 6,347 | 131,769 | 0 | 11,223 | -207,235 | 117,511 | 25,262 | 29,084 | 23,657 | 17,999 | 15,530 | 45,291 | 2,460 | 3,426 | 31,347 | ||
| 10,707 | 59,712 | 42,255 | -98,889 | -55,672 | -17,429 | -13,204 | 50,752 | 274,560 | -152,054 | 323,854 | 62,128 | 67,341 | -239,125 | 84,229 | 85,585 | - | ||
| 1.0m | 1.0m | 854,920 | 801,594 | 980,931 | 927,629 | 997,674 | 770,414 | 654,138 | 449,466 | 377,374 | 136,141 | 119,780 | 39,597 | -4,195 | 147,859 | 73,829 | ||
| 90.2% | 90.8% | 96.4% | 99.3% | 94.1% | 92.5% | 99.6% | 95.6% | 87.3% | 95.5% | 70.7% | 72.7% | 91.3% | 89.4% | 3.0% | 71.5% | 67.9% | ||
| 68.44 | 47.93 | 35.67 | - | - | 13.98 | - | 18.22 | 6.96 | 18.86 | 3.06 | 2.94 | 8.80 | 5.31 | 0.99 | 3.73 | 4.57 | ||
| 0.11 | 0.10 | 0.04 | 0.01 | 0.06 | 0.08 | 0.00 | 0.05 | 0.15 | 0.05 | 0.41 | 0.38 | 0.09 | 0.12 | 31.85 | 0.40 | 0.47 | ||
| -0.6% | 8.1% | 4.5% | -0.5% | 0.1% | -0.3% | 1.6% | 23.3% | 30.0% | 16.3% | 57.6% | 41.7% | 50.0% | 88.8% | 816.7% | 49.5% | 92.2% | ||
| -0.5% | 7.3% | 4.3% | -0.5% | 0.1% | -0.3% | 1.6% | 22.3% | 26.2% | 15.6% | 40.7% | 30.3% | 45.7% | 79.3% | 24.9% | 35.4% | 62.6% | ||
| 0.41 | 19.92 | -1.27 | -0.44 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €850 | €6,347 | €131,769 |
| €5,116 | €5,046 | €5,539 | €7,584 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GandaSource
The operating result for 2025 is a loss of €787, after a profit of €118,548 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 9.2% to 9.8%. Equity is lower and debt is higher.