Gesvan (0464.946.734): financials and annual accounts

Gesvan

Kortrijk ·KBO/BCE: BE 0464.946.734

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	148,699	177,918	220,189	226,235	207,036	134,368	178,747	167,101	229,743	195,825	184,914	180,475	189,946	198,109	164,908	179,318	180,791	184,058	167,362	164,941
Fixed assets`21/28`	774	1,141	1,865	2,103	10,893	19,682	26,030	36,034	26,342	35,813	2,330	770	600	1,167	2,791	4,425	6,080	14,582	31,980	52,008
Tangible fixed assets`22/27`	774	1,141	1,865	2,103	10,893	19,682	26,030	36,034	26,342	35,813	2,330	770	600	1,167	2,791	4,425	6,080	14,582	31,980	52,008
Furniture and vehicles`24`	774	1,141	1,865	2,103	10,893	19,682	26,030	36,034	26,342	35,813	2,330	770	600	1,167	2,791	4,425	6,080	14,582	31,980	52,008
Current assets`29/58`	147,925	176,778	218,324	224,132	196,143	114,685	152,717	131,067	203,400	160,012	182,583	179,705	189,345	196,942	162,117	174,893	174,711	169,476	135,383	112,932
Stocks and contracts in progress`3`	46,618	41,058	63,644	63,773	33,367	35,111	78,619	85,399	95,743	72,954	63,931	90,294	20,805	20,798	22,886	17,744	18,541	18,869	15,830	15,690
Stocks`30/36`	46,618	41,058	63,644	63,773	33,367	35,111	78,619	85,399	95,743	72,954	63,931	90,294	20,805	20,798	22,886	17,744	18,541	18,869	15,830	15,690
Amounts receivable within one year`40/41`	264	179	13,222	-	-	11,313	20,640	9,829	10,187	9,488	11,395	10,579	33,507	1,125	7,504	7,481	7,560	2,312	684	4,054
Trade receivables`40`	218	179	13,222	-	-	30	-	524	3,601	3,331	3,702	913	28,170	908	2,630	1,233	1,213	912	533	3,950
Other amounts receivable`41`	45	-	-	-	-	11,284	20,640	9,304	6,585	6,157	7,694	9,666	5,337	217	4,874	6,248	6,347	1,400	151	104
Cash at bank and in hand`54/58`	100,379	134,948	140,867	158,894	161,355	67,635	51,951	33,056	96,383	75,640	105,497	77,587	133,411	171,807	131,467	147,656	147,888	147,532	117,619	93,188
Deferred charges and accrued income`490/1`	664	592	591	1,465	1,420	626	1,507	2,783	1,088	1,931	1,760	1,245	1,622	3,211	260	2,011	722	762	1,249	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	148,699	177,918	220,189	226,235	207,036	134,368	178,747	167,101	229,743	195,825	184,914	180,475	189,946	198,109	164,908	179,318	180,791	184,058	167,362	164,941
Equity`10/15`	46,403	98,722	99,672	99,348	99,871	99,859	106,112	105,825	105,599	104,867	104,104	103,667	103,423	103,267	103,170	103,084	149,080	125,972	99,317	71,906
Contributions`10/11`	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184
Issued capital`100`	-	-	-	-	-	-	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184	37,184
Contributions outside capital`11`	37,184	37,184	37,184	37,184	37,184	37,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	37,184	37,184	37,184	37,184	37,184	37,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	8,718	8,718	8,718	8,718	9,294	9,150	9,006	8,862	8,718	8,718	8,718	8,718	8,718	8,718	8,718	8,718	8,718	8,718	8,718	8,718
Non-distributable reserves`130/1`	-	-	-	3,718	3,718	3,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718	3,718
Reserves not available under the articles`1311`	-	-	-	3,718	3,718	3,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	5,000	5,000	5,000	5,000	5,576	5,432	5,288	5,144	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Distributable reserves`133`	3,718	3,718	3,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	501	52,819	53,770	53,446	53,393	53,525	59,922	59,778	59,696	58,964	58,201	57,764	57,521	57,364	57,268	57,182	103,178	80,069	53,414	26,004
Amounts payable`17/49`	102,296	79,196	120,517	126,887	107,165	34,509	72,635	61,276	124,144	90,958	80,810	76,808	86,523	94,842	61,738	76,234	31,711	58,086	68,045	93,034
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	6,321	-	-	-	-	-	-	1,889	12,939	27,549	44,382
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	6,321	-	-	-	-	-	-	1,889	12,939	27,549	44,382
Amounts payable within one year`42/48`	102,296	79,196	120,517	126,887	107,165	34,509	72,635	61,276	124,144	84,637	80,810	76,808	86,523	94,842	61,738	76,234	29,822	45,147	40,496	48,652
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	6,321	7,452	-	-	-	-	-	1,889	11,050	14,610	16,833	16,158
Trade debts`44`	9,269	6,218	15,232	6,606	4,786	2,297	8,799	9,418	44,092	30,361	10,094	16,161	4,819	10,485	4,754	5,848	5,995	2,416	-	1,325
Suppliers`440/4`	9,269	6,218	15,232	5,957	3,369	2,297	8,799	9,418	44,092	30,361	10,094	16,161	4,819	10,485	4,754	5,848	5,995	2,416	-	1,325
Bills of exchange payable`441`	-	-	-	649	1,417	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	25,457	33,308	39,079	56,285	45,379	28,711	10,336	25,259	38,032	22,325	26,916	9,167	17,224	28,877	24,904	8,016	7,977	18,290	18,863	25,464
Taxes`450/3`	21,465	27,414	36,852	49,928	38,390	23,094	6,075	18,864	33,008	17,279	23,873	6,075	14,160	23,987	20,165	3,450	3,592	14,547	18,863	24,778
Remuneration and social security`454/9`	3,991	5,894	2,226	6,356	6,989	5,617	4,261	6,395	5,024	5,046	3,044	3,092	3,063	4,890	4,740	4,566	4,384	3,743	-	686
Other amounts payable`47/48`	67,571	39,671	66,206	63,996	57,000	3,500	53,500	26,600	35,700	24,500	43,800	51,480	64,480	55,480	32,080	60,480	4,800	9,831	4,800	5,706
Income statement
Gross operating margin`9900`	38,081	64,584	104,808	110,156	88,578	17,629	94,652	80,844	106,776	81,147	110,156	94,211	112,814	102,406	65,729	37,199	68,651	71,881	68,670	65,936
Remuneration, social security and pensions`62`	24,934	22,861	27,183	28,642	25,164	19,204	25,051	24,281	23,690	24,781	24,394	24,947	24,577	24,816	23,489	24,122	22,194	17,836	9,070	6,865
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	366	724	1,152	8,789	8,789	9,399	10,753	10,582	9,470	9,743	1,166	923	1,462	1,624	1,782	2,419	16,878	18,504	20,029	23,406
Other operating charges`640/8`	1,287	1,555	1,817	1,533	743	564	870	981	858	1,178	777	831	970	1,365	853	996	753	1,106	543	516
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	4,191	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	11,494	39,443	74,656	71,191	53,881	-11,537	57,978	40,808	72,757	45,445	83,819	67,510	85,805	74,600	39,606	9,662	28,825	34,435	39,029	35,150
Financial income`75/76B`	8,446	9,933	9,316	10,173	8,986	8,775	9,784	11,133	11,305	12,327	10,363	12,124	13,562	12,762	11,959	12,774	11,537	13,074	10,948	8,655
Recurring financial income`75`	8,446	9,933	9,316	10,173	8,986	8,775	9,784	11,133	11,305	10,827	10,363	12,124	13,562	12,762	11,959	12,774	11,537	13,074	10,948	8,655
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	-	1,500	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	3,174	3,372	2,184	2,491	1,268	3,248	3,072	2,332	3,200	1,612	2,124	2,279	2,029	3,231	3,047	2,916	3,060	3,973	4,550	5,026
Recurring financial charges`65`	3,174	3,372	2,184	2,491	1,268	3,248	3,072	2,332	3,200	1,612	2,124	2,279	2,029	3,231	3,047	2,916	3,060	3,973	4,550	5,026
Profit (loss) for the period before taxes`9903`	16,766	46,004	81,789	78,873	61,600	-6,010	64,690	49,609	80,862	56,160	92,058	77,356	97,338	84,131	48,517	19,520	37,302	43,536	45,427	38,779
Income taxes`67/77`	5,084	10,954	18,465	18,596	11,588	243	14,403	11,383	29,130	20,397	31,621	26,113	33,182	29,035	16,831	5,516	9,393	12,081	13,216	11,108
Profit (loss) for the period`9904`	11,682	35,050	63,324	60,277	50,012	-6,253	50,287	38,226	51,732	35,763	60,437	51,243	64,157	55,096	31,686	14,004	27,909	31,455	32,211	27,672
Transfer from tax-exempt reserves`789`	-	-	-	576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000
Transfer to tax-exempt reserves`689`	-	-	-	-	144	144	144	144	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	11,682	35,050	63,324	60,853	49,868	-6,397	50,143	38,082	51,732	35,763	60,437	51,243	64,157	55,096	31,686	14,004	27,909	31,455	32,211	28,672
Appropriation of the result
Profit (loss) to be appropriated`9906`	64,501	88,819	116,770	114,246	103,393	53,525	109,922	97,778	110,696	93,964	118,201	108,764	121,521	112,364	88,868	117,182	107,978	84,869	58,214	30,804
Profit (loss) brought forward from the previous period`14P`	52,819	53,770	53,446	53,393	53,525	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	64,000	36,000	63,000	60,800	50,000	-	50,000	38,000	51,000	35,000	60,000	51,000	64,000	55,000	31,600	60,000	4,800	4,800	4,800	4,800
Return on contributions (dividend)`694`	64,000	36,000	63,000	60,800	50,000	-	50,000	38,000	51,000	35,000	60,000	51,000	64,000	55,000	31,600	60,000	4,800	4,800	4,800	4,800
Social balance sheet
Average staff (FTE)`9087`	1	1	1	1	1	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.5	0.5	0.4	0.3
Hours worked`1013`	834	879	1,039	1,053	1,031	852	1,123	1,158	1,186	1,156	1,096	1,103	1,113	1,139	1,125	1,121	1,144	989	748	641
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	15-05-2026	2026-00111937	PDF
31-12-2024	micro format	23-05-2025	2025-00107890	PDF
31-12-2023	micro format	24-05-2024	2024-00095439	PDF
31-12-2022	micro format	09-06-2023	2023-00129957	PDF
31-12-2021	micro format	11-07-2022	2022-20177509	PDF
31-12-2020	micro format	02-07-2021	2021-30000062	PDF
31-12-2019	micro format	07-07-2020	2020-27400197	PDF
31-12-2018	micro format	02-07-2019	2019-27600454	PDF
31-12-2017	micro format	03-07-2018	2018-27400093	PDF
31-12-2016	micro format	26-06-2017	2017-21500361	PDF
31-12-2015	abbreviated format	22-06-2016	2016-20800202	PDF
31-12-2014	abbreviated format	25-06-2015	2015-21600502	PDF
31-12-2013	abbreviated format	05-07-2014	2014-27600321	PDF
31-12-2012	abbreviated format	19-07-2013	2013-33200065	PDF
31-12-2011	abbreviated format	27-08-2012	2012-45900560	PDF
31-12-2010	abbreviated format	04-08-2011	2011-38600191	PDF
31-12-2009	abbreviated format	19-07-2010	2010-32500066	PDF
31-12-2008	abbreviated format	27-08-2009	2009-68300317	PDF
31-12-2007	abbreviated format	16-07-2008	2008-42500273	PDF
31-12-2006	abbreviated format	26-07-2007	2007-48000152	PDF
31-12-2005	abbreviated format	23-08-2006	2006-66003758	PDF
31-12-2004	abbreviated format	27-06-2005	2005-34501153	PDF
31-12-2003	abbreviated format	01-10-2004	2004-70101151	PDF
31-12-2002	abbreviated format	01-10-2003	2003-71801065	PDF
31-12-2001	abbreviated format	13-12-2002	2002-76700491	PDF
31-12-2000	abbreviated format	23-10-2001	2001-66004932	PDF
31-12-1999	abbreviated format	08-11-2000	2000-70404798	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	11,860	40,167	75,808	79,981	62,671	-2,138	68,732	51,390	82,228	55,188	84,985	68,433	87,267	76,224	41,388	12,081	45,703	52,939	59,058	58,556
Cash flow	12,048	35,774	64,476	69,067	58,802	3,146	61,041	48,809	61,202	45,507	61,603	52,166	65,619	56,720	33,468	16,423	44,787	49,959	52,239	51,077
Investment in fixed assets (approximation)	0	0	914	0	0	3,051	749	43,098	0	43,225	2,726	1,092	895	0	148	764	8,377	1,106	0	1,944
Change in cash	-34,569	-5,919	-18,027	-2,461	93,721	15,683	18,896	-63,327	20,743	-29,857	27,909	-55,823	-38,396	40,339	-16,189	-232	356	29,913	24,431	-
Working capital	45,629	97,581	97,807	97,245	88,978	80,177	80,082	69,791	79,256	75,375	101,773	102,897	102,823	102,099	100,379	98,659	144,889	124,329	94,886	64,280
Solvency	31.2%	55.5%	45.3%	43.9%	48.2%	74.3%	59.4%	63.3%	46.0%	53.6%	56.3%	57.4%	54.4%	52.1%	62.6%	57.5%	82.5%	68.4%	59.3%	43.6%
Current ratio	1.45	2.23	1.81	1.77	1.83	3.32	2.10	2.14	1.64	1.89	2.26	2.34	2.19	2.08	2.63	2.29	5.86	3.75	3.34	2.32
Quick ratio	0.99	1.71	1.28	1.26	1.52	2.31	1.02	0.75	0.87	1.03	1.47	1.16	1.95	1.86	2.26	2.06	5.24	3.34	2.95	2.00
Debt to equity	2.20	0.80	1.21	1.28	1.07	0.35	0.68	0.58	1.18	0.87	0.78	0.74	0.84	0.92	0.60	0.74	0.21	0.46	0.69	1.29
ROE	25.2%	35.5%	63.5%	60.7%	50.1%	-6.3%	47.4%	36.1%	49.0%	34.1%	58.1%	49.4%	62.0%	53.4%	30.7%	13.6%	18.7%	25.0%	32.4%	38.5%
ROA	7.9%	19.7%	28.8%	26.6%	24.2%	-4.7%	28.1%	22.9%	22.5%	18.3%	32.7%	28.4%	33.8%	27.8%	19.2%	7.8%	15.4%	17.1%	19.2%	16.8%
Interest coverage	3.74	11.91	34.71	32.10	49.43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	1	1	1	1
part-time	1	1	1	1	1
in full-time equivalents	0.5	0.5	0.5	0.6	0.6
Average over the year, in full-time equivalents	0.5	0.5	0.5	0.6	0.6
On a permanent contract	1	1	1	1	1
Joined	-	-	1	-	-
Left	-	-	1	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€914	-	-
Depreciation and write-downs of the year	€366	€724	€1,152	€8,789	€8,789

Gesvan

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency31.2%

Current ratio1.45

Return on assets7.9%

Staff

Staff cost per FTE€24,934

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €1,726 awarded, €1,726 paid

Key figures and ratios

Social balance sheet

Investments

Insights on Gesvan

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