ACTIVE

GESPA

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 k €

+106.5% YoY

Gross margin

33,4 k €

+79.1% YoY

Equity

467 k €

+0.4% YoY

Workforce

0,0 ETP

What does GESPA do?

GESPA is a Public limited company incorporated in 1983. Its main activity is: Office administrative and support activities. Its registered office is in Rumes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.737.948

Incorporation

25/11/1983

Legal form

Public limited company

Registered office

Rue de Florent(T) 2
7618 Rumes · WallonieSee on map

Contributed capital

190 830,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

82100Office administrative and support activities· main 82190Photocopying, document preparation and other specialised office support activities 82110Combined office administrative service activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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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
Gross margin	33,4 k €	+79.1%	18,6 k €	-2.3%	19,1 k €	+7.5%	17,7 k €	-31.8%	26 k €	-61.0%	66,7 k €	-0.2%	66,8 k €	+0.8%	66,3 k €	+29.6%	51,2 k €	-21.4%	65,1 k €	-5.6%	69 k €	+1.1%	68,3 k €	-21.2%	86,6 k €	-74.6%	341,1 k €	+632%	46,6 k €	-3.5%	48,3 k €	-14.1%	56,2 k €	-1.7%	57,1 k €
EBITDA	22,4 k €	+319%	5,3 k €	-34.2%	8,1 k €	-2.9%	8,4 k €	-51.7%	17,3 k €	-69.3%	56,4 k €	+0.2%	56,3 k €	+0.4%	56,1 k €	+34.2%	41,8 k €	-26.2%	56,6 k €	-8.5%	61,8 k €	+0.9%	61,3 k €	-20.4%	77 k €	-76.9%	332,8 k €	+1070%	28,4 k €	-30.0%	40,6 k €	-18.1%	49,6 k €	-2.7%	51 k €
Operating result	-1,6 k €	+92.7%	-22,2 k €	-6.9%	-20,8 k €	+24.5%	-27,6 k €	-528%	-4,4 k €	-114%	31,6 k €	-0.5%	31,8 k €	-16.3%	37,9 k €	+37.7%	27,6 k €	+197%	9,3 k €	-83.2%	55,1 k €	+7.3%	51,4 k €	-18.3%	62,9 k €	-80.1%	315,3 k €	+6015%	5,2 k €	-70.8%	17,7 k €	-34.0%	26,7 k €	-3.1%	27,6 k €
Net result	1,7 k €	+106%	-26,2 k €	+9.6%	-29 k €	+8.1%	-31,5 k €	-504%	-5,2 k €	-125%	20,8 k €	+12.0%	18,5 k €	-7.0%	19,9 k €	+76.0%	11,3 k €	+241%	3,3 k €	-89.9%	32,8 k €	+16.1%	28,2 k €	-42.8%	49,4 k €	-74.5%	193,6 k €	+5695%	3,3 k €	-75.5%	13,6 k €	-23.2%	17,8 k €	-72.7%	65 k €
Balance sheet
Equity	467 k €	+0.4%	465,3 k €	-5.3%	491,5 k €	-5.6%	520,5 k €	-5.7%	552 k €	+12.0%	493 k €	+6.0%	464,9 k €	+4.2%	446,4 k €	+4.7%	426,5 k €	+2.7%	415,2 k €	+47.0%	282,5 k €	-28.2%	393,4 k €	+7.7%	365,2 k €	+11.9%	326,3 k €	+119%	149 k €	+2.3%	145,6 k €	+10.3%	132 k €	+16.1%	113,7 k €
Total assets	681,7 k €	-23.2%	887,7 k €	-3.0%	915,4 k €	-5.0%	964 k €	+15.6%	833,8 k €	+5.8%	788,4 k €	-7.6%	852,9 k €	+2.2%	834,8 k €	-2.2%	853,9 k €	-2.7%	877,7 k €	+30.0%	675,4 k €	-7.4%	729,4 k €	-0.9%	735,8 k €	+2.6%	717 k €	-13.2%	826,1 k €	+439%	153,2 k €	-2.6%	157,2 k €	-34.1%	238,5 k €
Cash	11,7 k €	-21.2%	14,9 k €	+5.0%	14,2 k €	-45.8%	26,1 k €	-63.0%	70,6 k €	+363%	15,2 k €	-11.6%	17,2 k €	-47.8%	33 k €	+124%	14,8 k €	+20.1%	12,3 k €	-80.5%	62,9 k €	-40.0%	105 k €	+4.0%	101 k €	+18.4%	85,2 k €	-13.9%	99,1 k €	+56.1%	63,5 k €	+69.6%	37,4 k €	-65.4%	108,2 k €
Debts	174,1 k €	-52.2%	364 k €	+0.9%	360,9 k €	-4.8%	378,9 k €	+77.0%	214 k €	-13.2%	246,4 k €	-24.7%	327,4 k €	+1.2%	323,7 k €	-9.7%	358,5 k €	-7.9%	389,1 k €	+23.6%	314,7 k €	+23.4%	255 k €	-11.2%	287,2 k €	-4.6%	301,1 k €	-55.5%	677,1 k €	+8857%	7,6 k €	-70.0%	25,2 k €	-79.8%	124,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Delphine BAUVEZ

Managing director · since 26 avril 2022 · until 25 avril 2028

Active

Jacqueline VAN LAEYS

Director · since 26 avril 2022 · until 25 avril 2028

Active

Rodrigue BAUVEZ

Managing director · since 26 avril 2022 · until 25 avril 2028

Active

Ended mandates

Jacqueline VAN LAEYS

Managing director · since 26 avril 2022 · until 25 avril 2028

Ended

Delphine BAUVEZ

Managing director · since 26 avril 2016 · until 26 avril 2022

Ended

Delphine BAUVEZ

Manager · since 26 avril 2016 · until 26 avril 2022

Ended

Jacqueline Van Laeys

Director · since 26 avril 2016 · until 26 avril 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	29/08/2025	29/08/2024	31/08/2023	30/08/2022	27/08/2021
General meeting	29/05/2026	22/04/2025	28/06/2024	25/04/2023	26/04/2022	27/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	22/04/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	25/04/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	26/04/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	27/04/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	28/04/2020	25/09/2020	French	PDF
Micro model	31/12/2018	23/04/2019	29/08/2019	French	PDF
Micro model	31/12/2017	24/04/2018	31/08/2018	French	PDF
Micro model	31/12/2016	25/04/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	26/04/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	21/04/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	22/04/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	23/04/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	24/04/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	26/04/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	27/04/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	28/04/2009	14/05/2009	French	PDF
Abridged model	31/12/2007	17/07/2008	18/07/2008	French	PDF
Abridged model	31/12/2006	27/04/2007	16/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

Delphine BAUVEZ

Managing director · since 26 avril 2022 · until 25 avril 2028

Active

Jacqueline VAN LAEYS

Director · since 26 avril 2022 · until 25 avril 2028

Active

Rodrigue BAUVEZ

Managing director · since 26 avril 2022 · until 25 avril 2028

Active

Ended mandates

Jacqueline VAN LAEYS

Managing director · since 26 avril 2022 · until 25 avril 2028

Ended

Delphine BAUVEZ

Managing director · since 26 avril 2016 · until 26 avril 2022

Ended

Delphine BAUVEZ

Manager · since 26 avril 2016 · until 26 avril 2022

Ended

Jacqueline Van Laeys

Director · since 26 avril 2016 · until 26 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/04/2014
CAPITAL, ACTIONS
PDF
Mandates21/01/2011
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/10/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/07/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office07/09/2005
SIEGE SOCIAL
PDF
Mandates07/01/2005
DEMISSIONS, NOMINATIONS
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 20251,7 k €↑
2024
Annual accounts 2024-26,2 k €↑
2023
Annual accounts 2023-29 k €↑
2022
Annual accounts 2022-31,5 k €↓
2021
Annual accounts 2021-5,2 k €↓
2018
Annual accounts 201820,8 k €↑
2017
Annual accounts 201718,5 k €↓
2016
Annual accounts 201619,9 k €↑
2015
Annual accounts 201511,3 k €↑
2014
Annual accounts 20143,3 k €↓
2013
Annual accounts 201332,8 k €↑
2012
Annual accounts 201228,2 k €↓
2011
Annual accounts 201149,4 k €↓
2010
Annual accounts 2010193,6 k €↑
2009
Annual accounts 20093,3 k €↓
2008
Annual accounts 200813,6 k €↓
2007
Annual accounts 200717,8 k €↓
2006
Annual accounts 200665 k €
25/11/1983
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

GESPA

Overview

What does GESPA 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