GAP - INVEST
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GAP - INVEST has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €14,257. Equity is growing by about 2.9% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (19 days) Filed on 19 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00040530.
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 19-02-2026
- Format
- micro format
- Reference
- 2026-00040530
Turnover
≈ €180,000
Estimated: probably between €110,000 and €320,000
Total assets
€3.0m▲ 1.4%
2024 · €3.0m
Net result
€14,257▲ 235%
2024 · €4,261
Working capital
€450,711▼ 14.0%
2024 · €523,867
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 48% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.03m
2025
Net result€0.01m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.0m
2025
Equity€2.4m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.4m-€0.7m▲ 62.0%€0.4m▼ 46.0%-€0.02m€0.02m€0.02m▲ 15.6%€0.03m▲ 47.9%
Net result€0.3m-€0.5m▲ 54.4%€0.3m▼ 43.2%€0.05m▼ 81.6%€0.02m▼ 53.4%€0.004m▼ 81.1%€0.01m▲ 235%
Equity€1.6m-€2.1m▲ 28.6%€2.3m▲ 12.6%€2.4m▲ 2.1%€2.4m▲ 0.9%€2.4m▲ 0.2%€2.4m▲ 0.6%
Total assets€2.1m-€2.6m▲ 24.9%€2.9m▲ 13.7%€2.9m▼ 0.5%€2.9m▲ 0.8%€3.0m▲ 0.9%€3.0m▲ 1.4%
Debt€0.1m-€0.01m▼ 89.5%€0.003m▼ 77.7%€0.1m▲ 40×€0.2m▲ 88.7%€0.4m▲ 78.8%€0.6m▲ 28.8%
Working capital€1.3m-€1.0m▼ 26.4%€0.9m▼ 9.9%€0.8m▼ 14.2%€0.7m▼ 9.9%€0.5m▼ 22.7%€0.5m▼ 14.0%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.0m ▼ 0.6%
Current assets
€1.0m ▲ 5.4%
Equity and liabilities €3.0m
Equity
€2.4m ▲ 0.6%
Provisions
€0 ▼ 100%
Debt
€558,487 ▲ 28.8%
Debt's share of the balance-sheet total rises from 14.7% to 18.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,429▲
2024 · €33,220
Cash flow
€25,841▲
2024 · €15,949
Current ratio
1.81▼
2024 · 2.21
Debt to equity
0.23▲
2024 · 0.18
ROE
0.6%▲
2024 · 0.2%
ROA
0.5%▲
2024 · 0.1%
Debt ≤ 1 year
€558,487▲
2024 · €433,705
Income taxes
€116,585▼
2024 · €186,836
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,360 | €39,107 | €26,237 | €15,669 | €15,042 | €11,688 | €11,584 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | - | €1,223 | €982 | €968 | ▼ 1.5% |
| Gross operating margin9900 | €495,474 | €722,697 | €390,826 | -€3,958 | €34,883 | €34,202 | €44,396 | ▲ 29.8% |
| Operating profit (loss)9901 | €414,837 | €672,192 | €362,679 | -€19,627 | €18,618 | €21,532 | €31,844 | ▲ 47.9% |
| Financial income75/76B | - | - | - | - | - | €47 | - | - |
| Recurring financial income75 | €1,275 | €325 | - | - | - | €47 | - | - |
| Financial charges65/66B | - | - | - | €627 | €54 | €145 | - | - |
| Recurring financial charges65 | €3,069 | €31,353 | €401 | €627 | €54 | €145 | - | - |
| Profit (loss) for the period before taxes9903 | €413,043 | €633,333 | €362,278 | -€20,255 | €18,564 | €21,433 | €31,844 | ▲ 48.6% |
| Transfer from deferred taxes780 | - | - | - | €188,995 | €112,349 | €169,664 | €98,998 | ▼ 41.7% |
| Income taxes67/77 | €421 | €114 | €0 | €120,323 | €108,345 | €186,836 | €116,585 | ▼ 37.6% |
| Profit (loss) for the period9904 | €300,273 | €463,555 | €263,280 | €48,417 | €22,569 | €4,261 | €14,257 | ▲ 235% |
| Transfer from tax-exempt reserves789 | - | - | - | €462,712 | €275,062 | €508,992 | €296,993 | ▼ 41.7% |
| Profit (loss) for the period to be appropriated9905 | €25,211 | -€45,437 | -€33,713 | €511,129 | €297,631 | €513,253 | €311,250 | ▼ 39.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €2.6m | €2.9m | €2.9m | €2.9m | €3.0m | €3.0m | ▲ 1.4% |
| Fixed assets21/28 | €0.7m | €1.6m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | ▼ 0.6% |
| Tangible fixed assets22/27 | €0.7m | €0.3m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 9.8% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 9.8% |
| Financial fixed assets28 | - | €1.3m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Current assets29/58 | €1.4m | €1.0m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 5.4% |
| Stocks and contracts in progress3 | €0.03m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.006m | €1.0m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 5.4% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 5.4% |
| Current investments50/53 | €0.05m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.3m | €0.01m | €13 | €0.001m | €0.001m | €5 | €105 | ▲ 21× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €2.6m | €2.9m | €2.9m | €2.9m | €3.0m | €3.0m | ▲ 1.4% |
| Equity10/15 | €1.6m | €2.1m | €2.3m | €2.4m | €2.4m | €2.4m | €2.4m | ▲ 0.6% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €1.1m | €1.6m | €1.9m | €1.4m | €1.2m | €0.6m | €0.4m | ▼ 45.7% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | €1.1m | €0.8m | €0.3m | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | - | -€0.05m | -€0.08m | €0.4m | €0.7m | €1.2m | €1.6m | ▲ 25.0% |
| Provisions and deferred taxes16 | €0.3m | €0.5m | €0.6m | €0.4m | €0.3m | €0.1m | - | - |
| Deferred taxes168 | - | - | - | €0.4m | €0.3m | €0.1m | - | - |
| Amounts payable17/49 | €0.1m | €0.01m | €0.003m | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 28.8% |
| Amounts payable after more than one year17 | €0.1m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.01m | €0.003m | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 28.8% |
| Financial debts43 | - | - | - | €47 | €47 | - | - | - |
| Credit institutions430/8 | - | - | - | €47 | €47 | - | - | - |
| Trade debts44 | €0.004m | €0.006m | €0.003m | €0.008m | €0.01m | €0.02m | €0.03m | ▲ 44.0% |
| Suppliers440/4 | - | - | - | €0.008m | €0.01m | €0.02m | €0.03m | ▲ 44.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.4m | €0.5m | ▲ 28.1% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.4m | €0.5m | ▲ 28.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.5m | €0.3m | €0.05m | €0.02m | €0.004m | €0.01m | ▲ 235% |
| + Depreciation and write-downs630 | €0.07m | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 0.9% |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.3m | €0.06m | €0.04m | €0.02m | €0.03m | ▲ 62.0% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€0.5m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1.2m | -€0.01m | €0.001m | -€54 | -€0.001m | €100 | - |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 19-02-2026 | 2026-00040530 | |
| 30-06-2024 | micro format | 11-02-2025 | 2025-00032780 | |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00544459 | |
| 30-06-2022 | micro format | 02-02-2023 | 2023-00019244 | |
| 30-06-2021 | micro format | 11-02-2022 | 2022-05700576 | |
| 30-06-2020 | micro format | 02-03-2021 | 2021-06700207 | |
| 30-06-2019 | micro format | 05-11-2019 | 2019-73000477 | |
| 30-06-2018 | micro format | 28-12-2018 | 2018-75900511 | |
| 30-06-2017 | micro format | 27-10-2017 | 2017-68100504 | |
| 30-06-2016 | abbreviated format | 03-11-2016 | 2016-67400097 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.