ACTIVE

GM Recycling

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Financial year 2025 · Closed on 30/06/2025

Net result236,8 k €+25,3 %over 1 year

Revenue13,5 M €-22,7 %over 1 year

Equity2,6 M €+10,2 %over 1 year

Workforce7,0 ETP-15,7 %over 1 year

Identity

Source · BCE/KBO

GM Recycling is a Private limited company incorporated in 1982. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Kaprijke. It employs on average 7,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0423.230.992
Incorporation: 02/10/1982
Legal form: Private limited company
Registered office: Krommeveldstraat 1
9971 Kaprijke · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025
Average workforce: 7,0 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 49410Freight transport by road 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (5)

140
149
14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	13,5 M €	-22.7%	17,5 M €	+74.4%	10,1 M €	-44.2%	18 M €	+51.5%	11,9 M €
EBITDA	767,5 k €	+6.5%	720,4 k €	-25.8%	971,4 k €	-28.2%	1,4 M €	+22.1%	1,1 M €
Operating result	337,4 k €	+17.8%	286,3 k €	-53.7%	617,9 k €	-37.0%	980,4 k €	+60.4%	611,4 k €
Net result	236,8 k €	+25.3%	189 k €	-64.0%	524,2 k €	-41.5%	895,8 k €	+91.6%	467,6 k €
Balance sheet
Equity	2,6 M €	+10.2%	2,3 M €	+8.9%	2,1 M €	+17.9%	1,8 M €	+12.1%	1,6 M €
Total assets	7 M €	-12.9%	8,1 M €	-20.1%	10,1 M €	+60.8%	6,3 M €	-38.5%	10,2 M €
Cash	1 M €	+323%	240,5 k €	-80.6%	1,2 M €	+191%	426,3 k €	-61.7%	1,1 M €
Debts	4,5 M €	-22.3%	5,8 M €	-27.8%	8 M €	+78.1%	4,5 M €	-47.6%	8,5 M €
Other
Workforce	7,0 ETP	-15.7%	8,3 ETP	+7.8%	7,7 ETP	+1.3%	7,6 ETP	+4.1%	7,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 8 ended

Active mandates

FREDDY GILLIS

Director

Active

GM MACHINERY

Director · 0756.967.511

Represented by Emma Gillis

Active

Ended mandates

GM MACHINERY

Director · since 01 janvier 2021 · 0756.967.511

Represented by Emma Gillis

Ended

FREDDY GILLIS

Manager

Ended

Freddy Martens

Manager

Ended

GM MACHINERY

Director · 0756.967.511

Represented by Emma Gillis

Ended

Other companies at this address

Krommeveldstraat 1 9971 Kaprijke

Company	CBE no.
FGFG● Active	1000.933.397
GM MACHINERY● Active	0756.967.511
Moetie lief● Active	1017.076.276
Quantillion Group● Active	0778.744.308

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/02/2026	31/01/2025	29/02/2024	20/02/2023	10/02/2022	05/01/2021
General meeting	30/01/2026	30/01/2025	28/02/2024	31/01/2023	17/12/2021	18/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	30/01/2026	11/02/2026	Dutch	PDF
Full model	30/06/2024	30/01/2025	31/01/2025	Dutch	PDF
Full model	30/06/2023	28/02/2024	29/02/2024	Dutch	PDF
Full model	30/06/2022	31/01/2023	20/02/2023	Dutch	PDF
Full model	30/06/2021	17/12/2021	10/02/2022	Dutch	PDF
Abridged model	30/06/2020	18/12/2020	05/01/2021	Dutch	PDF
Abridged model	30/06/2019	20/12/2019	14/01/2020	Dutch	PDF
Abridged model	30/06/2018	21/12/2018	11/01/2019	Dutch	PDF
Abridged model	30/06/2017	15/12/2017	19/12/2017	Dutch	PDF
Abridged model	30/06/2016	16/12/2016	04/01/2017	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/04/2011	15/04/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	10/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 8 ended

Active mandates

FREDDY GILLIS

Director

Active

GM MACHINERY

Director · 0756.967.511

Represented by Emma Gillis

Active

Ended mandates

GM MACHINERY

Director · since 01 janvier 2021 · 0756.967.511

Represented by Emma Gillis

Ended

FREDDY GILLIS

Manager

Ended

Freddy Martens

Manager

Ended

GM MACHINERY

Director · 0756.967.511

Represented by Emma Gillis

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other14/01/2016
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2010
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares25/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025236,8 k €↑
2024
Annual accounts 2024189 k €↓
2023
Annual accounts 2023524,2 k €↓
2022
Annual accounts 2022895,8 k €↑
2021
Annual accounts 2021467,6 k €↓
2020
Annual accounts 2020528,5 k €↑
2018
Annual accounts 201897,5 k €↑
2017
Annual accounts 201785 k €↑
2016
Annual accounts 201639 k €↑
2014
Annual accounts 201419,6 k €↑
2013
Annual accounts 201318 k €↓
2012
Annual accounts 201223,2 k €↓
2011
Annual accounts 201172 k €↓
2010
Annual accounts 201095 k €↑
2009
Annual accounts 2009-32 k €↓
2008
Annual accounts 2008239,2 €
02/10/1982
IncorporationPrivate limited company

GM Recycling

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline