GANTREX
ActiveSummary
GANTREX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.4m and a net result of €5.0m. Equity is growing by ~23.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+9
Solvency62▲+10
Growth55▲+1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.43 in 2024; short-term debt: 19.2% and cash: 3.2% of total assets), but 63.2% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.8%
Return on assets
11.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
71 d early
2023
41 d early
2022
68 d early
2021
44 d early
2020
46 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, unclassified schema
In the rankings
#4 company by total assets in Walloon Brabant, Machinery and equipment sector#4 company by equity in Walloon Brabant, Machinery and equipment sector#8 employer in Walloon Brabant, Machinery and equipment sector
Turnover
€25.7m▼ 2.9%
2024 · €26.4m
EBIT margin
8.8%▲ 1.5pp
2024 · 7.3%
Net result
€5.0m▲ 49.7%
2024 · €3.3m
Working capital
€4.9m▲ 45.5%
2024 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25.5m▼ 16.1%€30.3m▲ 18.8%€25.9m▼ 14.3%€26.4m▲ 1.8%€25.7m▼ 2.9%
Operating result-€118,949▲ 79.0%€390,013€410,363▲ 5.2%€1.9m▲ 372%€2.3m▲ 16.7%
Net result€1.8m▲ 2,351%€388,211▼ 78.2%€854,454▲ 120%€3.3m▲ 287%€5.0m▲ 49.7%
EBIT margin-0.5%▲ 1.4pp1.3%▲ 1.8pp1.6%▲ 0.3pp7.3%▲ 5.8pp8.8%▲ 1.5pp
Equity€5.9m▲ 43.5%€6.3m▲ 6.6%€7.1m▲ 13.6%€10.4m▲ 46.5%€15.4m▲ 47.5%
Total assets€33.4m▼ 12.3%€34.6m▲ 3.6%€35.1m▲ 1.5%€38.6m▲ 10.0%€41.8m▲ 8.2%
Debt€27.3m▼ 19.2%€28.1m▲ 2.9%€27.6m▼ 2.0%€27.8m▲ 0.7%€25.9m▼ 6.6%
Working capital-€11.7m▼ 181%-€1.8m▲ 84.9%€2.0m€3.3m▲ 62.9%€4.9m▲ 45.5%
Staff (FTE)47.1▼ 4.1%40.7▼ 13.6%39.9▼ 2.0%37.1▼ 7.0%36▼ 3.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41.8m
Fixed assets
€28.9m ▲ 5.2%
Current assets
€12.9m ▲ 15.6%
Equity and liabilities €41.8m
Equity
€15.4m ▲ 47.5%
Provisions
€482,810 ▲ 7.7%
Debt
€25.9m ▼ 6.6%
Debt's share of the balance-sheet total falls from 71.8% to 62.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.5m▲
2024 · €2.2m
Cash flow
€5.2m▲
2024 · €3.5m
Current ratio
1.61▲
2024 · 1.43
Quick ratio
0.96▲
2024 · 0.78
Debt to equity
1.69▼
2024 · 2.66
ROE
32.2%▲
2024 · 31.7%
ROA
11.9%▲
2024 · 8.6%
Interest coverage
2.20▲
2024 · 1.48
Debt ≤ 1 year
€8.0m▲
2024 · €7.8m
Debt > 1 year
€17.8m▼
2024 · €19.9m
Income taxes
€84,193▼
2024 · €106,280
Staff costs
€3.5m▼
2024 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €25.6m | €30.5m | €27.1m | €27.6m | €26.7m | ▼ 3.3% |
| Turnover70 | €25.5m | €30.3m | €25.9m | €26.4m | €25.7m | ▼ 2.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €30,794 | - | €243,448 | - | - | - |
| Other operating income74 | €71,019 | €246,221 | €896,851 | €1.2m | €1.0m | ▼ 12.6% |
| Non-recurring operating income76A | - | €25,101 | - | €1 | - | - |
| Operating charges60/66A | €25.7m | €30.2m | €26.7m | €25.7m | €24.4m | ▼ 4.8% |
| Goods for resale, raw materials and consumables60 | €15.7m | €20.3m | €16.1m | €15.4m | €13.4m | ▼ 13.2% |
| Purchases600/8 | €15.5m | €22.1m | €15.8m | €14.9m | €13.6m | ▼ 8.5% |
| Change in stocks: decrease (increase)609 | €164,530 | -€1.8m | €301,413 | €554,911 | -€217,450 | ▼ 139% |
| Services and other goods61 | €5.4m | €5.5m | €5.9m | €6.1m | €7.0m | ▲ 15.4% |
| Remuneration, social security and pensions62 | €4.2m | €4.0m | €4.1m | €3.6m | €3.5m | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €218,286 | €184,426 | €175,795 | €228,242 | €263,613 | ▲ 15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€6,349 | €58,013 | €47,478 | -€59,792 | €113,784 | ▲ 290% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €200,000 | - | - | - |
| Other operating charges640/8 | €93,860 | €122,942 | €139,881 | €304,650 | €83,598 | ▼ 72.6% |
| Non-recurring operating charges66A | €129,626 | - | - | - | - | - |
| Operating profit (loss)9901 | -€118,949 | €390,013 | €410,363 | €1.9m | €2.3m | ▲ 16.7% |
| Financial income75/76B | €5.3m | €8.6m | €8.6m | €4.0m | €5.1m | ▲ 28.2% |
| Recurring financial income75 | €5.3m | €8.6m | €8.6m | €4.0m | €5.1m | ▲ 28.2% |
| Income from financial fixed assets750 | €2.6m | €1.2m | €1.7m | €3.1m | €4.3m | ▲ 36.9% |
| Income from current assets751 | €1,305 | €63 | €69 | €182,120 | €22,077 | ▼ 87.9% |
| Other financial income752/9 | €2.6m | €7.4m | €7.0m | €678,227 | €810,847 | ▲ 19.6% |
| Financial charges65/66B | €3.3m | €8.5m | €8.1m | €2.5m | €2.3m | ▼ 7.2% |
| Recurring financial charges65 | €3.3m | €8.5m | €8.1m | €2.5m | €2.3m | ▼ 7.2% |
| Debt charges650 | €656,104 | €757,653 | €1.2m | €1.5m | €1.1m | ▼ 21.5% |
| Other financial charges652/9 | €2.7m | €7.7m | €6.9m | €1.0m | €1.2m | ▲ 12.9% |
| Profit (loss) for the period before taxes9903 | €1.8m | €500,460 | €883,265 | €3.4m | €5.0m | ▲ 47.5% |
| Income taxes67/77 | €36,820 | €112,249 | €28,811 | €106,280 | €84,193 | ▼ 20.8% |
| Taxes670/3 | €38,760 | €112,249 | €32,537 | €168,951 | €84,193 | ▼ 50.2% |
| Tax adjustments and reversals of tax provisions77 | €1,940 | - | €3,726 | €62,671 | - | - |
| Profit (loss) for the period9904 | €1.8m | €388,211 | €854,454 | €3.3m | €5.0m | ▲ 49.7% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €388,211 | €854,454 | €3.3m | €5.0m | ▲ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33.4m | €34.6m | €35.1m | €38.6m | €41.8m | ▲ 8.2% |
| Fixed assets21/28 | €23.1m | €23.2m | €23.5m | €27.5m | €28.9m | ▲ 5.2% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.4m | €1.7m | €2.3m | ▲ 35.1% |
| Land and buildings22 | €853,482 | €790,763 | €717,359 | €643,955 | €1.4m | ▲ 125% |
| Plant, machinery and equipment23 | €124,378 | €174,999 | €198,758 | €591,247 | €635,026 | ▲ 7.4% |
| Furniture and vehicles24 | €53,718 | €50,902 | €79,001 | €49,358 | €117,314 | ▲ 138% |
| Leasing and similar rights25 | €9,445 | €5,789 | €2,133 | €0 | €0 | = |
| Assets under construction and advance payments27 | €35,826 | €124,548 | €392,904 | €430,176 | €114,763 | ▼ 73.3% |
| Financial fixed assets28 | €22.1m | €22.1m | €22.1m | €25.8m | €26.6m | ▲ 3.2% |
| Affiliated companies280/1 | €22.0m | €22.0m | €22.1m | €25.8m | €26.6m | ▲ 3.2% |
| Participating interests280 | €22.0m | €22.0m | €22.1m | €25.0m | €25.0m | = |
| Amounts receivable281 | - | - | - | €793,180 | €1.6m | ▲ 105% |
| Other financial fixed assets284/8 | €36,385 | €29,330 | €29,330 | €29,330 | €22,925 | ▼ 21.8% |
| Shares284 | €519 | €519 | €519 | €519 | €519 | = |
| Amounts receivable and cash guarantees285/8 | €35,866 | €28,811 | €28,811 | €28,811 | €22,406 | ▼ 22.2% |
| Current assets29/58 | €10.3m | €11.4m | €11.7m | €11.1m | €12.9m | ▲ 15.6% |
| Stocks and contracts in progress3 | €4.1m | €5.8m | €5.7m | €5.1m | €5.2m | ▲ 1.8% |
| Stocks30/36 | €4.1m | €5.8m | €5.4m | €4.8m | €4.4m | ▼ 8.2% |
| Goods purchased for resale34 | €4.1m | €5.8m | €5.4m | €4.8m | €4.4m | ▼ 8.2% |
| Contracts in progress37 | €30,794 | €6,484 | €249,932 | €261,058 | €744,437 | ▲ 185% |
| Amounts receivable within one year40/41 | €5.7m | €4.4m | €4.5m | €4.0m | €5.3m | ▲ 33.9% |
| Trade receivables40 | €5.4m | €4.1m | €3.5m | €3.8m | €5.1m | ▲ 32.7% |
| Other amounts receivable41 | €231,961 | €249,474 | €994,432 | €160,379 | €258,841 | ▲ 61.4% |
| Current investments50/53 | - | - | - | - | €851,064 | - |
| Other investments51/53 | - | - | - | - | €851,064 | - |
| Cash at bank and in hand54/58 | €366,035 | €1.1m | €1.2m | €1.7m | €1.3m | ▼ 23.6% |
| Deferred charges and accrued income490/1 | €159,027 | €150,246 | €234,656 | €337,410 | €200,504 | ▼ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33.4m | €34.6m | €35.1m | €38.6m | €41.8m | ▲ 8.2% |
| Equity10/15 | €5.9m | €6.3m | €7.1m | €10.4m | €15.4m | ▲ 47.5% |
| Contributions10/11 | €208,181 | €208,181 | €208,181 | €208,181 | €208,181 | = |
| Reserves13 | €106,905 | €106,905 | €106,905 | €106,905 | €106,905 | = |
| Non-distributable reserves130/1 | €92,335 | €92,335 | €92,335 | €92,335 | €92,335 | = |
| Reserves not available under the articles1311 | €92,335 | €92,335 | €92,335 | €92,335 | €92,335 | = |
| Distributable reserves133 | €14,570 | €14,570 | €14,570 | €14,570 | €14,570 | = |
| Profit (loss) carried forward14 | €5.6m | €6.0m | €6.8m | €10.1m | €15.1m | ▲ 49.0% |
| Provisions and deferred taxes16 | €218,585 | €237,282 | €448,437 | €448,437 | €482,810 | ▲ 7.7% |
| Provisions for liabilities and charges160/5 | €218,585 | €237,282 | €448,437 | €448,437 | €482,810 | ▲ 7.7% |
| Pensions and similar obligations160 | €218,585 | €237,282 | €248,437 | €248,437 | €282,810 | ▲ 13.8% |
| Other liabilities and charges164/5 | - | - | €200,000 | €200,000 | €200,000 | = |
| Amounts payable17/49 | €27.3m | €28.1m | €27.6m | €27.8m | €25.9m | ▼ 6.6% |
| Amounts payable after more than one year17 | €5.2m | €14.8m | €17.8m | €19.9m | €17.8m | ▼ 10.4% |
| Financial debts170/4 | €5.2m | €14.8m | €17.8m | €19.7m | €17.8m | ▼ 9.6% |
| Leasing and similar obligations172 | €2,823 | €2,823 | - | - | - | - |
| Credit institutions173 | - | €11.9m | €11.9m | €14.5m | €14.5m | = |
| Other loans174 | €5.2m | €2.9m | €5.9m | €5.2m | €3.3m | ▼ 36.4% |
| Other amounts payable178/9 | - | - | - | €177,533 | - | - |
| Amounts payable within one year42/48 | €22.0m | €13.2m | €9.6m | €7.8m | €8.0m | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €10.0m | - | €135 | €135 | €135 | = |
| Financial debts43 | €3.0m | €4.2m | €2.0m | €177,533 | €177,533 | = |
| Credit institutions430/8 | €3.0m | €4.0m | €2.0m | - | - | - |
| Other loans439 | - | €235,027 | - | €177,533 | €177,533 | = |
| Trade debts44 | €7.6m | €7.3m | €5.8m | €6.1m | €6.6m | ▲ 9.0% |
| Suppliers440/4 | €7.6m | €7.3m | €5.8m | €6.1m | €6.6m | ▲ 9.0% |
| Advances received on contracts in progress46 | €612,052 | €725,054 | €715,323 | €695,703 | €421,410 | ▼ 39.4% |
| Taxes, remuneration and social security45 | €763,644 | €913,622 | €964,535 | €848,298 | €805,909 | ▼ 5.0% |
| Taxes450/3 | €228,474 | €207,641 | €152,808 | €153,880 | €152,253 | ▼ 1.1% |
| Remuneration and social security454/9 | €535,170 | €705,981 | €811,727 | €694,418 | €653,655 | ▼ 5.9% |
| Other amounts payable47/48 | €29,679 | €12,876 | €114,477 | €6,650 | - | - |
| Accrued charges and deferred income492/3 | €81,501 | €176,793 | €158,433 | €92,333 | €110,121 | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | €388,211 | €854,454 | €3.3m | €5.0m | ▲ 49.7% |
| + Depreciation and write-downs630 | €218,286 | €184,426 | €175,795 | €228,242 | €263,613 | ▲ 15.5% |
| Operating cash flow (approximation) | €2.0m | €572,637 | €1.0m | €3.5m | €5.2m | ▲ 47.5% |
| Investment in fixed assets (approximation) | - | -€247,523 | -€443,949 | -€4.3m | -€1.7m | ▲ 60.3% |
| Change in cash | - | €735,411 | €140,186 | €502,080 | -€411,745 | ▼ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
State Gazette act
Reappointments: Igetis Management srl (director) and Xavier Deedene (director)Permanent representative: Axel Boitel4 facts ▸
State Gazette act
Reappointments: Igetis Management srl (director) and Xavier Deedene (director)
Permanent representative: Axel Boitel4 facts ▸
- General meeting, 13-05-2026
- Director reappointment, Igetis Management srl (director)
- Director reappointment, Xavier Deedene (director)
- Permanent representative, Axel Boitel (permanent representative)
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-12
Financial
Highest result since 2018net €5.0m ▲49.7%
Operating result €2.3m, net result €5.0m, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Equity above €10mEq €10.4m ▲46.5%
7 profitable years in a row build equity to €10.4m.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €5mEq €5.9m ▲43.5%
4 profitable years in a row build equity to €5.9m.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors
Board 2
IGETIS MANAGEMENT
CurrentDirector · Private limited company · perm. rep.: Axel Boitel
Xavier Deedene
CurrentDirector
Permanent representatives 1
Axel Boitel
CurrentPermanent representative · for IGETIS MANAGEMENT
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
17 of this company's 18 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nivelles · 3 establishment units since 2009
Ground area
2.0 ha
Building footprint
2,312 m²
Volume, LiDAR
7,629 m³
2 parcels, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
3 establishment units
GANTREX
since 20092.181.232.961
GANTREX
since 20092.328.318.714
GANTREX
since 20262.391.536.582
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0634/00F002 | Wallonia | 1.5 ha | 1 · 1,815 m² | - |
| 25783E0223/00W003 | Wallonia | 5,046 m² | 1 · 498 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| IGETIS MANAGEMENT |
|
| Xavier Deedene |
|
Structure & network
Part of the group
GANTREX GROUP HOLDING
3 companies
Group, risk and exposure
Owners and holdings
1 owner · 7 holdingsChain of control
- GANTREX GROUP HOLDING
- HF HOLDING
- GANTREX
Highest known parent: GANTREX GROUP HOLDING. The sources do not say who stands above it.
Owners 1
- HF HOLDINGparent100%
Holdings 7
-
100%
-
100%
-
100%
-
100%
-
90%
-
90%
-
1%
According to the 2025 annual accounts of GANTREX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
549300JDGGLH7BYHCA10
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BE 0459.906.692
Brugge · Eq €56.0m
Of 53 companies in sector 28150 we hold annual accounts for 43. 13 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
28150Manufacture of machinery and equipment not elsewhere classified
Contact
Website
www.gantrex.com
E-mail
info@be.gantry.com
E-mail
info@gantrex.com
Phone
067/888030
Fax
067/216321
E-mail
info.nivelles@gantrex.comNivelles
Phone
+3267888030Nivelles
Fax
+3267216321Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817646553
Also
9925:BE0817646553
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.