GANS TRANSPORT (0434.500.513): financials and annual accounts

GANS TRANSPORT

Ghent ·KBO/BCE: BE 0434.500.513

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	2.2m	1.9m	2.6m	2.5m	1.9m	896,679	711,584	1.0m	959,278	924,146	900,827	715,165	625,342	404,857	578,090	755,683	1.5m	1.6m
Fixed assets`21/28`	33,348	31,333	32,653	34,577	26,465	27,477	26,412	7,791	14,148	14,132	21,489	28,846	35,025	44,773	53,258	63,692	73,843	78,977
Tangible fixed assets`22/27`	9,190	7,375	8,695	10,619	2,507	3,519	2,454	154	6,511	13,612	20,969	28,326	34,505	44,252	52,738	63,172	73,606	78,740
Land and buildings`22`	9,190	7,299	8,211	9,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	0	76	484	1,496	2,507	3,519	2,454	154	358	748	1,394	2,040	1,508	4,544	6,319	10,042	13,766	12,461
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	6,152	12,864	19,575	26,286	32,997	39,708	46,419	53,130	59,841	66,279
Financial fixed assets`28`	24,158	23,958	23,958	23,958	23,958	23,958	23,958	7,637	7,637	520	520	520	520	520	520	520	237	237
Current assets`29/58`	2.2m	1.8m	2.6m	2.5m	1.8m	869,202	685,173	1.0m	945,130	910,014	879,338	686,319	590,317	360,084	524,832	691,991	1.4m	1.5m
Amounts receivable within one year`40/41`	362,182	529,116	881,175	928,716	789,046	356,118	242,090	346,666	320,305	248,154	119,055	100,518	235,099	45,252	118,829	242,196	942,403	1.1m
Trade receivables`40`	262,973	335,280	498,466	550,179	288,761	259,938	186,335	154,823	229,516	157,930	70,647	99,979	229,692	40,015	89,519	96,542	116,856	348,248
Other amounts receivable`41`	99,209	193,836	382,709	378,537	500,285	96,180	55,755	191,843	90,789	90,224	48,408	539	5,407	5,237	29,310	145,654	825,547	742,595
Current investments`50/53`	-	-	-	-	-	-	0	101,573	101,573	101,502	101,401	101,202	100,000	100,000	-	-	-	-
Cash at bank and in hand`54/58`	1.8m	1.2m	1.3m	1.1m	360,791	491,474	443,083	452,434	417,704	560,359	566,425	484,384	255,219	202,720	395,212	333,509	312,628	156,845
Deferred charges and accrued income`490/1`	7,279	80,815	388,701	433,787	687,120	21,610	0	129,425	105,548	-	92,457	215	-	12,112	10,791	116,286	172,277	255,046
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.2m	1.9m	2.6m	2.5m	1.9m	896,679	711,584	1.0m	959,278	924,146	900,827	715,165	625,342	404,857	578,090	755,683	1.5m	1.6m
Equity`10/15`	1.1m	904,271	782,386	521,625	653,314	476,774	429,618	605,428	485,202	361,494	422,866	301,802	209,756	153,716	140,034	102,133	1.1m	1.0m
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733	16,733
Non-distributable reserves`130/1`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874	14,874
Distributable reserves`133`	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	1.0m	868,946	747,062	486,300	617,989	441,449	394,293	570,103	449,877	326,169	387,542	266,478	174,431	118,391	104,709	66,808	1.0m	1.0m
Amounts payable`17/49`	1.2m	954,574	1.8m	2.0m	1.2m	419,905	281,966	432,460	474,076	562,652	477,961	413,363	415,587	251,141	438,055	653,550	428,767	541,547
Amounts payable within one year`42/48`	946,681	817,618	1.3m	1.8m	1.2m	419,905	260,789	383,461	434,758	424,429	460,451	397,466	376,923	238,641	248,711	587,650	284,677	529,857
Trade debts`44`	785,300	424,675	710,991	1.5m	1.1m	362,014	148,383	283,595	336,488	222,362	338,361	176,387	297,053	186,559	120,069	453,259	146,940	366,900
Suppliers`440/4`	785,300	424,675	710,991	1.5m	1.1m	362,014	148,383	283,595	336,488	222,362	338,361	176,387	297,053	186,559	120,069	453,259	146,940	366,900
Taxes, remuneration and social security`45`	32,918	125,062	126,700	134,754	74,225	55,901	45,416	69,690	73,013	174,773	121,669	141,079	79,869	52,082	103,463	84,210	71,733	162,958
Taxes`450/3`	6,147	96,047	26,549	6,130	11,295	3,989	0	12,806	11,734	118,568	77,719	93,121	40,647	29,265	61,442	8,967	32,949	-
Remuneration and social security`454/9`	26,771	29,016	100,151	128,625	62,930	51,912	45,416	56,884	61,280	56,204	43,950	47,958	39,222	22,816	42,021	75,243	38,784	162,958
Other amounts payable`47/48`	128,462	267,881	490,726	127,257	47,251	1,990	66,990	30,176	25,257	27,295	422	80,000	-	-	25,180	50,180	66,004	-
Accrued charges and deferred income`492/3`	226,548	136,956	504,527	205,871	-	0	21,177	48,999	39,318	138,223	17,510	15,897	38,664	12,500	189,344	65,900	144,090	11,690
Income statement
Gross operating margin`9900`	611,924	688,474	726,236	762,964	625,011	428,696	416,429	535,250	522,149	608,938	482,314	428,898	358,587	329,651	393,315	381,755	138,730	600,146
Remuneration, social security and pensions`62`	447,064	412,660	380,000	486,937	373,712	349,645	327,266	330,039	314,043	302,311	284,029	278,670	249,356	276,641	315,011	300,641	102,538	536,145
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,133	1,320	1,924	1,012	1,012	1,764	579	6,357	7,101	7,357	7,357	7,203	9,747	10,692	10,434	10,434	10,434	1,125
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	0	1,937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	-
Other operating charges`640/8`	144	141	132	122	120	119	133	130	111	463	343	124	10,617	119	115	1,911	362	5,527
Operating profit (loss)`9901`	163,582	272,416	344,181	274,893	250,167	77,167	88,452	198,724	200,894	298,807	190,585	142,901	88,866	42,198	67,755	68,769	25,276	57,349
Financial income`75/76B`	0	10,982	9,064	0	88	178	3,619	1,924	319	1,466	2,226	2,811	674	1,621	346	24,029	11,111	41,188
Recurring financial income`75`	0	10,982	9,064	0	88	178	3,619	1,924	319	1,466	2,226	2,811	674	1,621	346	24,029	11,111	41,188
Financial charges`65/66B`	22,438	4,740	2,063	7,160	3,849	8,010	1,379	615	5,084	636	655	680	1,044	1,485	2,391	7,000	3,098	4,138
Recurring financial charges`65`	22,438	4,740	2,063	7,160	3,849	8,010	1,379	615	5,084	636	655	680	1,044	1,485	2,391	7,000	3,098	4,138
Profit (loss) for the period before taxes`9903`	141,144	278,659	351,181	267,733	246,405	69,335	90,692	200,033	196,128	299,636	192,155	145,032	88,495	42,334	65,710	85,798	33,289	94,399
Income taxes`67/77`	-6,603	156,774	90,420	74,422	69,865	22,179	16,502	79,807	72,420	111,009	71,091	52,986	32,455	28,653	27,808	25,715	1,068	16,819
Profit (loss) for the period`9904`	147,747	121,885	260,761	193,311	176,540	47,156	74,190	120,226	123,708	188,627	121,064	92,047	56,040	13,682	37,901	60,083	32,221	77,579
Profit (loss) for the period to be appropriated`9905`	147,747	121,885	260,761	193,311	176,540	47,156	74,190	120,226	123,708	188,627	121,064	92,047	56,040	13,682	37,901	60,083	32,221	77,579
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.0m	868,946	747,062	811,300	617,989	441,449	644,293	570,103	449,877	576,169	387,542	266,478	174,431	118,391	104,709	1.1m	1.0m	1.0m
Profit (loss) brought forward from the previous period`14P`	868,946	747,062	486,300	617,989	441,449	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	0	325,000	-	0	250,000	-	-	250,000	-	-	-	-	-	1.0m	-	-
Return on contributions (dividend)`694`	-	-	0	325,000	-	0	250,000	-	-	250,000	-	-	-	-	-	1.0m	-	-
Social balance sheet
Average staff (FTE)`9087`	4	3.6	3.3	4	4	3.9	3.3	3.2	3	3	2.9	3	3.2	3.9	4	4	2.8	3.7
Hours worked`1013`	6,297	6,240	5,867	6,460	6,684	6,417	5,437	5,268	5,069	5,525	4,622	4,836	4,310	5,021	6,228	6,257	6,249	6,662
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	03-07-2026	2026-00251113	PDF
31-12-2024	abbreviated format	23-07-2025	2025-00299833	PDF
31-12-2023	abbreviated format	26-07-2024	2024-00291692	PDF
31-12-2022	abbreviated format	22-09-2023	2023-00453135	PDF
31-12-2021	abbreviated format	20-07-2022	2022-20205788	PDF
31-12-2020	abbreviated format	08-11-2021	2021-76700454	PDF
31-12-2019	abbreviated format	27-10-2020	2020-63800216	PDF
31-12-2018	abbreviated format	09-08-2019	2019-44700460	PDF
31-12-2017	abbreviated format	03-09-2018	2018-57800594	PDF
31-12-2016	abbreviated format	17-08-2017	2017-43800074	PDF
31-12-2015	abbreviated format	23-08-2016	2016-46100526	PDF
31-12-2014	abbreviated format	26-08-2015	2015-47600030	PDF
31-12-2013	abbreviated format	26-08-2014	2014-46000360	PDF
31-12-2012	abbreviated format	06-08-2013	2013-39400487	PDF
31-12-2011	abbreviated format	13-09-2012	2012-56500382	PDF
31-12-2010	abbreviated format	20-12-2011	2011-64400126	PDF
31-12-2009	abbreviated format	31-08-2010	2010-47900421	PDF
31-12-2008	abbreviated format	07-01-2010	2010-00500241	PDF
31-12-2007	abbreviated format	05-11-2008	2008-80200054	PDF
31-12-2006	abbreviated format	14-03-2008	2008-07000025	PDF
31-12-2005	abbreviated format	25-10-2006	2006-84500035	PDF
31-12-2004	abbreviated format	29-09-2005	2005-72500071	PDF
31-12-2003	abbreviated format	04-10-2004	2004-69600032	PDF
31-12-2002	abbreviated format	07-04-2004	2004-09800288	PDF
31-12-2001	abbreviated format	22-05-2003	2003-15600035	PDF
31-05-2000	abbreviated format	22-12-2000	2000-76700287	PDF
31-05-1999	abbreviated format	03-11-2000	2000-69100127	PDF
31-05-1998	abbreviated format	04-08-1999	1999-39602211	PDF
30-09-1997	abbreviated format	30-07-1999	1999-38903102	PDF
30-09-1996	abbreviated format	07-10-1997	1997-47903737	PDF
30-09-1995	full format	03-06-1996	1996-11602442	PDF
30-09-1994	full format	02-11-1995	1995-55803196	PDF
31-12-1992	full format	08-02-1994	1994-02101926	PDF
31-12-1991	full format	08-12-1992	1992-39901948	PDF
31-12-1990	full format	30-04-1992	1992-04805415	PDF
31-12-1989	full format	30-04-1992	1992-04805403	PDF

Year	Entries	Awarded	Paid
2025	1	€237	€237
2024	1	€222	€222
2022	1	€554	€554

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	164,716	273,737	346,105	275,905	251,179	78,931	89,031	205,081	207,994	306,164	197,942	150,104	98,614	52,891	78,189	79,203	35,710	58,474
Cash flow	148,881	123,205	262,686	194,323	177,552	48,920	74,769	126,583	130,809	195,984	128,421	99,250	65,787	24,374	48,336	70,517	42,655	78,705
Investment in fixed assets (approximation)	3,148	0	0	9,124	0	2,830	19,200	0	7,117	0	0	1,024	0	2,207	0	283	5,301	78,561
Change in cash	604,857	-95,220	177,321	774,690	-130,683	48,391	-9,351	34,730	-142,656	-6,066	82,041	229,166	52,499	-192,492	61,703	20,881	155,784	-
Working capital	1.2m	1.0m	1.3m	692,919	626,849	449,297	424,384	646,637	510,372	485,585	418,887	288,853	213,395	121,443	276,121	104,341	1.1m	972,877
Solvency	47.3%	48.6%	29.9%	20.6%	35.1%	53.2%	60.4%	58.3%	50.6%	39.1%	46.9%	42.2%	33.5%	38.0%	24.2%	13.5%	71.4%	65.8%
Current ratio	2.32	2.24	1.94	1.38	1.52	2.07	2.63	2.69	2.17	2.14	1.91	1.73	1.57	1.51	2.11	1.18	5.01	2.84
Debt to equity	1.12	1.06	2.34	3.86	1.85	0.88	0.66	0.71	0.98	1.56	1.13	1.37	1.98	1.63	3.13	6.40	0.40	0.52
ROE	14.0%	13.5%	33.3%	37.1%	27.0%	9.9%	17.3%	19.9%	25.5%	52.2%	28.6%	30.5%	26.7%	8.9%	27.1%	58.8%	3.0%	7.5%
ROA	6.6%	6.6%	10.0%	7.6%	9.5%	5.3%	10.4%	11.6%	12.9%	20.4%	13.4%	12.9%	9.0%	3.4%	6.6%	8.0%	2.1%	4.9%
Interest coverage	7.34	57.75	over 100	38.53	65.25	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	4	3	4	4
full-time	4	4	3	4	4
part-time	0	0	0	0	0
in full-time equivalents	4	4	3	4	4
Average over the year, in full-time equivalents	4	3.6	3.3	4	4
On a permanent contract	4	4	3	4	4
Joined	0	1	2	-	-
Left	0	0	3	-	-
Training hours	-	0	-	-	-

GANS TRANSPORT

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency47.3%

Current ratio2.32

Return on assets6.6%

Staff

Staff cost per FTE€111,766

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €1,013 awarded, €1,013 paid

Key figures and ratios

Social balance sheet

Investments

Insights on GANS TRANSPORT

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,948	-	-	€9,124	-
Financial fixed assets	€200	-	-	-	-
Depreciation and write-downs of the year	€1,133	€1,320	€1,924	€1,012	€1,012