ACTIVE

G.A.F.

Financial year 2025 · Closed on 30/09/2025

Net result709 k €-4,6 %over 1 year
Gross margin1,5 M €-0,9 %over 1 year
Equity341,7 k €-46,8 %over 1 year
Workforce5,3 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

G.A.F. is a Public limited company incorporated in 1967. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Wijnegem. It employs on average 5,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.718.156
Incorporation
18/02/1967
Legal form
Public limited company
Registered office
Vosveld 17 box A
2110 Wijnegem · FlandreSee on map
Contributed capital
80 813,29 €
Latest accounts
30/09/2025
Average workforce
5,3 ETP
Joint committees (3)
  • 14904
  • 200
  • 2000
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin1,5 M €1,5 M €1,5 M €998,8 k €1 M €
EBITDA1 M €1 M €1,1 M €520,5 k €714,6 k €
Operating result954,2 k €1 M €1 M €558,5 k €674,8 k €
Net result709 k €743,6 k €834,1 k €407,3 k €496,4 k €
Balance sheet
Equity341,7 k €641,7 k €641,7 k €1 M €1,1 M €
Total assets2,4 M €2,7 M €2,7 M €2,1 M €2,1 M €
Cash957,2 k €1,1 M €1,2 M €775,2 k €799,1 k €
Debts2,1 M €2 M €2,1 M €1 M €856,8 k €
Other
Workforce5,3 ETP5,3 ETP5,3 ETP5,3 ETP4,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 17 ended

Active mandates

Wholesaler Refrigeration & Airco Products

Director · 0648.766.979

Represented by LEYS LIEVEN

Active

Ended mandates

Maria Wyns

Director · since 26 décembre 2020 · until 10 janvier 2026

Ended
Wholesaler Refrigeration & Airco Products

Managing director · since 26 décembre 2020 · until 10 janvier 2026 · 0648.766.979

Represented by Lieven Leys

Ended
Maria Wyns

Director · since 01 décembre 2016

Ended
Wholesaler Refrigeration & Airco Products

Managing director · since 02 mars 2016 · 0648.766.979

Represented by Lieven Leys

Ended

Other companies at this address

Vosveld 17 2110 Wijnegem
CompanyCBE no.
D.W.S.● Active
0416.762.676
0648.766.979

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/12/202514/01/202515/12/202302/01/202328/02/202206/01/2021
General meeting19/12/202510/01/202512/12/202326/12/202226/02/202226/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202519/12/202522/12/2025DutchPDF
Abridged model30/09/202410/01/202514/01/2025DutchPDF
Abridged model30/09/202312/12/202315/12/2023DutchPDF
Abridged model30/09/202226/12/202202/01/2023DutchPDF
Abridged model30/09/202126/02/202228/02/2022DutchPDF
Abridged model30/09/202026/12/202006/01/2021DutchPDF
Abridged model30/09/201914/12/201923/12/2019DutchPDF
Abridged model30/09/201810/02/201915/02/2019DutchPDF
Abridged model30/09/201716/12/201721/12/2017DutchPDF
Abridged model30/09/201601/02/201704/02/2017DutchPDF
Abridged model30/09/201510/12/201523/12/2015DutchPDF
Abridged model30/09/201410/01/201513/01/2015DutchPDF
Abridged model30/09/201311/01/201431/01/2014DutchPDF
Abridged model30/09/201212/01/201331/01/2013DutchPDF
Abridged model30/09/201114/01/201223/01/2012DutchPDF
Abridged model30/09/201008/01/201111/01/2011DutchPDF
Abridged model30/09/200909/01/201018/01/2010DutchPDF
Abridged model30/09/200810/01/200929/01/2009DutchPDF
Abridged model30/09/200712/01/200831/01/2008DutchPDF
Abridged model30/09/200613/01/200729/01/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 17 ended

Active mandates

Wholesaler Refrigeration & Airco Products

Director · 0648.766.979

Represented by LEYS LIEVEN

Active

Ended mandates

Maria Wyns

Director · since 26 décembre 2020 · until 10 janvier 2026

Ended
Wholesaler Refrigeration & Airco Products

Managing director · since 26 décembre 2020 · until 10 janvier 2026 · 0648.766.979

Represented by Lieven Leys

Ended
Maria Wyns

Director · since 01 décembre 2016

Ended
Wholesaler Refrigeration & Airco Products

Managing director · since 02 mars 2016 · 0648.766.979

Represented by Lieven Leys

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates21/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/04/2016
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/07/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/03/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/01/2012
    KAPITAAL - AANDELEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025709 k €↓
  2. 2024
    Annual accounts 2024743,6 k €↓
  3. 2023
    Annual accounts 2023834,1 k €↑
  4. 2022
    Annual accounts 2022407,3 k €↓
  5. 2021
    Annual accounts 2021496,4 k €↑
  6. 2020
    Annual accounts 2020270,9 k €↑
  7. 2019
    Annual accounts 2019195,6 k €↑
  8. 2018
    Annual accounts 2018106,3 k €↑
  9. 2017
    Annual accounts 201730,3 k €↑
  10. 2016
    Annual accounts 201618,5 k €↑
  11. 2015
    Annual accounts 20159,9 k €↓
  12. 2014
    Annual accounts 201413,6 k €↑
  13. 2013
    Annual accounts 2013196,1 €↓
  14. 2012
    Annual accounts 201220,8 k €↓
  15. 2011
    Annual accounts 201167,1 k €↑
  16. 2010
    Annual accounts 201049,3 k €↑
  17. 2009
    Annual accounts 20092,3 k €↓
  18. 2008
    Annual accounts 200816,1 k €↓
  19. 2007
    Annual accounts 200749,8 k €
  20. 18/02/1967
    IncorporationPublic limited company