ACTIVE

G.D.L.

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+163.4% YoY

Revenue

100 k €

-78.5% YoY

Equity

2,9 M €

+71.8% YoY

Workforce

1,6 ETP

-23.8% YoY

What does G.D.L. do?

G.D.L. is a Public limited company incorporated in 1975. Its registered office is in Menen. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.550.770

Incorporation

06/12/1975

Legal form

Public limited company

Registered office

LAR blok M 40
8930 Menen · FlandreSee on map

Contributed capital

375 000,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Joint committees (6)

140
14003
200
218
226
22600

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	100 k €	-78.5%	466,1 k €	+1.7%	458,3 k €	-87.2%	3,6 M €	-46.2%	6,7 M €	-8.5%	7,3 M €	+4.0%	7 M €	-1.9%	7,1 M €	+0.6%	7,1 M €		–		–		–		–		–		–		–		–		–
EBITDA	715,7 k €	-27.7%	989,9 k €	+17.3%	844,2 k €	+898%	84,5 k €	-89.6%	812,9 k €	+91.7%	424,1 k €	-13.0%	487,8 k €	+245%	141,3 k €	-69.0%	455,9 k €	-10.6%	509,7 k €	+726%	61,7 k €	-90.4%	639,8 k €	+3.3%	619,4 k €	+0.0%	619,3 k €	-21.0%	783,7 k €	+14.0%	687,8 k €	+20.1%	572,8 k €	-4.5%	600,1 k €
Operating result	518,3 k €	-29.9%	738,9 k €	+31.6%	561,6 k €	+80.9%	310,4 k €	-31.6%	453,8 k €	+296%	114,6 k €	+8.3%	105,8 k €	+156%	-190,2 k €	-334%	81,2 k €	+126%	35,9 k €	+109%	-414,6 k €	-407%	135,1 k €	-9.5%	149,3 k €	+157%	58 k €	-63.6%	159,2 k €	-7.4%	171,9 k €	-18.6%	211,1 k €	+12.7%	187,3 k €
Net result	1,3 M €	+163%	511,7 k €	+40.4%	364,4 k €	+63.9%	222,4 k €	-61.1%	571,2 k €	+688%	-97,1 k €	-314%	45,3 k €	+118%	-254,2 k €	-1290%	21,4 k €	+170%	-30,7 k €	+93.7%	-485,4 k €	-1590%	32,6 k €	-34.7%	49,9 k €	+201%	-49,6 k €	-213%	44 k €	-15.1%	51,8 k €	-44.9%	94 k €	-9.4%	103,7 k €
Balance sheet
Equity	2,9 M €	+71.8%	1,7 M €	+28.2%	1,3 M €	+6.4%	1,2 M €	+22.1%	1 M €	+5.0%	959,8 k €	-9.2%	1,1 M €	+4.5%	1 M €	-20.1%	1,3 M €	+1.7%	1,2 M €	-2.4%	1,3 M €	-27.6%	1,8 M €	+1.9%	1,7 M €	+3.0%	1,7 M €	-2.9%	1,7 M €	+2.6%	1,7 M €	+3.2%	1,6 M €	+6.1%	1,5 M €
Total assets	4,7 M €	-7.0%	5 M €	-3.6%	5,2 M €	-16.1%	6,2 M €	+7.3%	5,8 M €	+1.4%	5,7 M €	+6.6%	5,4 M €	+3.4%	5,2 M €	+22.2%	4,3 M €	-13.0%	4,9 M €	-8.6%	5,4 M €	-15.9%	6,4 M €	-6.1%	6,8 M €	+4.6%	6,5 M €	+2.8%	6,3 M €	-7.2%	6,8 M €	+34.1%	5,1 M €	-2.6%	5,2 M €
Cash	28,3 k €	-76.4%	119,7 k €	-37.2%	190,5 k €	-43.8%	339,2 k €	-8.3%	369,8 k €	-28.1%	514,4 k €	+138%	216,6 k €	-30.0%	309,3 k €	+43.9%	214,9 k €	+14.3%	187,9 k €	+13.2%	166 k €	-18.1%	202,8 k €	-16.4%	242,6 k €	+5.9%	229,2 k €	+267%	62,4 k €	-83.6%	379,8 k €	+22.0%	311,2 k €	+908%	30,9 k €
Debts	1,8 M €	-46.9%	3,3 M €	-13.2%	3,8 M €	-16.7%	4,6 M €	+11.8%	4,1 M €	+0.7%	4,1 M €	+11.0%	3,7 M €	+3.2%	3,6 M €	+70.8%	2,1 M €	+2.4%	2 M €	-13.6%	2,4 M €	-24.2%	3,1 M €	-10.3%	3,5 M €	-8.2%	3,8 M €	-3.7%	3,9 M €	-8.9%	4,3 M €	+46.8%	2,9 M €	-0.6%	2,9 M €
Other
Workforce	1,6 ETP	-23.8%	2,1 ETP	-52.3%	4,4 ETP	-74.1%	17,0 ETP	-42.4%	29,5 ETP	-37.2%	47,0 ETP	-2.9%	48,4 ETP	-1.2%	49,0 ETP	-3.7%	50,9 ETP	+0.2%	50,8 ETP	+1.6%	50,0 ETP	-2.5%	51,3 ETP	+3.2%	49,7 ETP	-3.9%	51,7 ETP	-3.9%	53,8 ETP	-3.2%	55,6 ETP	+3.7%	53,6 ETP	+5.5%	50,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

IL & CO

Director · since 14 février 2024 · until 20 mai 2030 · 0474.962.577

Represented by Vandoorne LIEVEN

Active

INGE GHEYSEN

Director · since 14 février 2024 · until 20 mai 2030

Active

JURGEN GHEYSEN

Managing director · since 14 février 2024 · until 20 mai 2030

Active

Ended mandates

INGE GHEYSEN

Director · since 30 mai 2018 · until 21 mai 2024

Ended

INGE GHEYSEN

Director · since 30 mai 2018 · until 30 mai 2024

Ended

JURGEN GHEYSEN

Director · since 30 mai 2018 · until 30 mai 2024

Ended

JURGEN GHEYSEN

Managing director · since 30 mai 2018 · until 21 mai 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	24/07/2025	18/09/2024	26/07/2023	30/06/2022	25/06/2021
General meeting	30/04/2026	19/05/2025	21/05/2024	15/05/2023	31/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	18/09/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	26/07/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	23/07/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	18/05/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	22/10/2014	23/10/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	26/05/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	19/05/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	31/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

IL & CO

Director · since 14 février 2024 · until 20 mai 2030 · 0474.962.577

Represented by Vandoorne LIEVEN

Active

INGE GHEYSEN

Director · since 14 février 2024 · until 20 mai 2030

Active

JURGEN GHEYSEN

Managing director · since 14 février 2024 · until 20 mai 2030

Active

Ended mandates

INGE GHEYSEN

Director · since 30 mai 2018 · until 21 mai 2024

Ended

INGE GHEYSEN

Director · since 30 mai 2018 · until 30 mai 2024

Ended

JURGEN GHEYSEN

Director · since 30 mai 2018 · until 30 mai 2024

Ended

JURGEN GHEYSEN

Managing director · since 30 mai 2018 · until 21 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 2024511,7 k €↑
2023
Annual accounts 2023364,4 k €↑
2022
Annual accounts 2022222,4 k €↓
2021
Annual accounts 2021571,2 k €↑
2018
Annual accounts 2018-97,1 k €↓
2017
Annual accounts 201745,3 k €↑
2016
Annual accounts 2016-254,2 k €↓
2015
Annual accounts 201521,4 k €↑
2014
Annual accounts 2014-30,7 k €↑
2013
Annual accounts 2013-485,4 k €↓
2012
Annual accounts 201232,6 k €↓
2011
Annual accounts 201149,9 k €↑
2010
Annual accounts 2010-49,6 k €↓
2009
Annual accounts 200944 k €↓
2008
Annual accounts 200851,8 k €↓
2007
Annual accounts 200794 k €↓
2006
Annual accounts 2006103,7 k €
06/12/1975
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

G.D.L.

Overview

What does G.D.L. do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline