NORMAL SITUATION

GAMAS

Financial year 2025 · closed on 31/12/2025
Net result
42,2 k €
+33.8% YoY
Gross margin
793,2 €
+23.5% YoY
Equity
985,7 k €
+4.5% YoY

Company — Normal situation.

Strike-off: 25 août 2026

What does GAMAS do?

GAMAS is a Public limited company incorporated in 1986.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.788.993
Incorporation
10/04/1986
Legal form
Public limited company
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 207
Signals
ProfitableSolid equityGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin793,2 €642,3 €1,1 k €-986,6 €8,1 k €294,1 k €248,3 k €32,9 k €291,5 k €333,6 k €107,6 k €87,7 k €141,2 k €141,1 k €311,9 k €65,2 k €15,8 k €-4 k €-71,5 k €-30,5 k €
EBITDA-2 k €-3,3 k €-6,3 k €-4,5 k €-5 k €291,9 k €246,3 k €24,1 k €288,6 k €331,5 k €96 k €84,7 k €139,9 k €139,1 k €310,8 k €64,8 k €15,4 k €-27,6 k €-155,4 k €-40,9 k €
Operating result-2 k €-3,3 k €-6,3 k €-4,5 k €-5 k €291,9 k €246,3 k €10,2 k €285,4 k €304,7 k €81,3 k €70,2 k €133,9 k €133,8 k €305,5 k €64,8 k €15,4 k €-27,6 k €-162,5 k €-40,9 k €
Net result42,2 k €31,5 k €19,6 k €17,3 k €9,6 k €296,2 k €244 k €13,9 k €306,3 k €285,8 k €71,2 k €53,4 k €137 k €120,9 k €317,2 k €47,9 k €-2,4 k €-1,5 k €-163,9 k €-42,8 k €
Balance sheet
Equity985,7 k €943,5 k €912 k €892,4 k €875,1 k €865,5 k €759,4 k €655,4 k €641,5 k €585,2 k €499,3 k €458,1 k €424,7 k €287,7 k €166,8 k €-150,5 k €-198,4 k €-196 k €-194,5 k €-30,6 k €
Total assets1 M €1 M €970,5 k €1 M €1,3 M €1,4 M €1,3 M €1 M €1 M €1,1 M €989,5 k €768,5 k €607,8 k €441 k €365,8 k €143,8 k €56,6 k €19,4 k €136,4 k €90,3 k €
Cash6,3 k €774 €13,7 k €13,7 k €120,9 k €724,7 k €189,7 k €88,3 k €183,1 k €255,4 k €419,3 k €407,7 k €245,3 k €223,4 k €118 k €74,9 k €38,1 k €1,1 k €536 €5,5 k €
Debts18,9 k €69,8 k €58,5 k €117,4 k €426,4 k €558,3 k €557,9 k €377,6 k €349,1 k €528,8 k €489,8 k €310,3 k €167,1 k €152,6 k €186,3 k €294,3 k €255 k €215,4 k €322,3 k €118,3 k €
Other
Workforce0,5 ETP2,9 ETP1,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

MARINVEST

Managing director · since 02 janvier 2026 · until 28 juin 2031 · 0427.965.582

Represented by Patrick Casteleyn

Active
VERKEST & PARTNERS

Director · since 02 janvier 2026 · until 28 juin 2031 · 0461.553.912

Represented by Jill Casteleyn

Active

Ended mandates

MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2020 · 0427.965.582

Represented by Patrick Casteleyn

Ended
MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2020 · 0427.965.582

Represented by Patrick Casteleyn

Ended
MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2026 · 0427.965.582

Represented by Patrick Casteleyn

Ended
Patrick Casteleyn

Director · since 28 juin 2014 · until 28 juin 2020

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202627/08/202503/10/202407/10/202313/10/202225/10/2021
General meeting28/06/202628/06/202528/06/202428/06/202328/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/06/202623/07/2026DutchPDF
Micro model31/12/202428/06/202527/08/2025DutchPDF
Micro model31/12/202328/06/202403/10/2024DutchPDF
Abridged model31/12/202228/06/202307/10/2023DutchPDF
Abridged model31/12/202128/06/202213/10/2022DutchPDF
Abridged model31/12/202028/06/202125/10/2021DutchPDF
Abridged model31/12/201905/09/202030/11/2020DutchPDF
Abridged model31/12/201829/06/201911/10/2019DutchPDF
Abridged model31/12/201728/06/201826/09/2018DutchPDF
Abridged model31/12/201628/06/201710/07/2017DutchPDF
Abridged model31/12/201530/06/201630/07/2016DutchPDF
Abridged model31/12/201428/06/201522/07/2015DutchPDF
Abridged model31/12/201328/06/201427/08/2014DutchPDF
Abridged model31/12/201230/06/201328/08/2013DutchPDF
Abridged model31/12/201130/06/201209/08/2012DutchPDF
Abridged model31/12/201030/06/201105/09/2011DutchPDF
Abridged model31/12/200930/06/201030/08/2010DutchPDF
Abridged model31/12/200830/06/200922/09/2009DutchPDF
Abridged model31/12/200728/06/200830/09/2008DutchPDF
Abridged model31/12/200628/06/200727/08/2007DutchPDF
Estimate

Indicative valuation

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 · 2 active · 17 ended

Active mandates

MARINVEST

Managing director · since 02 janvier 2026 · until 28 juin 2031 · 0427.965.582

Represented by Patrick Casteleyn

Active
VERKEST & PARTNERS

Director · since 02 janvier 2026 · until 28 juin 2031 · 0461.553.912

Represented by Jill Casteleyn

Active

Ended mandates

MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2020 · 0427.965.582

Represented by Patrick Casteleyn

Ended
MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2020 · 0427.965.582

Represented by Patrick Casteleyn

Ended
MARINVEST

Managing director · since 28 juin 2014 · until 28 juin 2026 · 0427.965.582

Represented by Patrick Casteleyn

Ended
Patrick Casteleyn

Director · since 28 juin 2014 · until 28 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring02/09/2026
    GERUISLOZE FUSIE
    PDF
  • Restructuring11/06/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates10/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/02/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/02/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/10/2008
    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

Timeline

  1. 2025
    Annual accounts 202542,2 k €
  2. 2024
    Annual accounts 202431,5 k €
  3. 2023
    Annual accounts 202319,6 k €
  4. 2022
    Annual accounts 202217,3 k €
  5. 2021
    Annual accounts 20219,6 k €
  6. 2020
    Annual accounts 2020296,2 k €
  7. 2019
    Annual accounts 2019244 k €
  8. 2018
    Annual accounts 201813,9 k €
  9. 2017
    Annual accounts 2017306,3 k €
  10. 2016
    Annual accounts 2016285,8 k €
  11. 2015
    Annual accounts 201571,2 k €
  12. 2014
    Annual accounts 201453,4 k €
  13. 2013
    Annual accounts 2013137 k €
  14. 2012
    Annual accounts 2012120,9 k €
  15. 2011
    Annual accounts 2011317,2 k €
  16. 2010
    Annual accounts 201047,9 k €
  17. 2009
    Annual accounts 2009-2,4 k €
  18. 2008
    Annual accounts 2008-1,5 k €
  19. 2007
    Annual accounts 2007-163,9 k €
  20. 2006
    Annual accounts 2006-42,8 k €
  21. 10/04/1986
    IncorporationPublic limited company