ACTIVE

GAMMAN

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Financial year 2025 · closed on 31/12/2025

Net result

32,9 k €

+210.1% YoY

Gross margin

119,3 k €

+47.2% YoY

Equity

406 k €

+8.8% YoY

What does GAMMAN do?

GAMMAN is a Public limited company incorporated in 1987. Its registered office is in Lommel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.683.652

Incorporation

14/07/1987

Legal form

Public limited company

Registered office

Zilleweg 19
3920 Lommel · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	119,3 k €	+47.2%	81,1 k €	-14.1%	94,4 k €	+1.8%	92,7 k €	+7.2%	86,4 k €	+7.4%	80,5 k €	-17.7%	97,8 k €	+8.0%	90,5 k €	-4.8%	95,1 k €	+3.3%	92 k €	-21.1%	116,6 k €	+40.2%	83,2 k €	+7.6%	77,3 k €	+1.8%	75,9 k €	-4.2%	79,2 k €	-2.9%	81,6 k €	-0.5%	82 k €	+6.1%	77,3 k €	+26.7%	61 k €	-10.2%	67,9 k €
EBITDA	105,4 k €	+54.6%	68,2 k €	-17.3%	82,5 k €	+0.7%	81,9 k €	+7.9%	75,9 k €	+9.3%	69,5 k €	-20.9%	87,8 k €	+9.9%	79,9 k €	-5.8%	84,8 k €	+3.7%	81,8 k €	-23.2%	106,4 k €	+45.7%	73,1 k €	+7.3%	68,1 k €	+2.0%	66,8 k €	-5.3%	70,5 k €	-3.6%	73,1 k €	-0.5%	73,5 k €	+5.6%	69,6 k €	+26.3%	55,1 k €	-11.1%	62 k €
Operating result	66,6 k €	+93.8%	34,3 k €	-36.5%	54,1 k €	+0.4%	53,9 k €	+12.5%	47,9 k €	+15.5%	41,5 k €	-27.7%	57,4 k €	+35.4%	42,4 k €	-10.3%	47,2 k €	+14.0%	41,5 k €	-29.4%	58,7 k €	+125%	26,1 k €	-7.5%	28,2 k €	+7.0%	26,4 k €	-13.2%	30,4 k €	-7.0%	32,7 k €	-0.1%	32,7 k €	+14.7%	28,5 k €	+136%	-79,1 k €	-275%	45,2 k €
Net result	32,9 k €	+210%	10,6 k €	-64.1%	29,5 k €	-2.5%	30,3 k €	+27.8%	23,7 k €	+38.8%	17,1 k €	-29.3%	24,2 k €	+83.7%	13,2 k €	-19.3%	16,3 k €	-35.1%	25,2 k €	-41.3%	42,8 k €	+449%	7,8 k €	+347%	1,7 k €	+180%	-2,2 k €	-613%	-306,2 €	-214%	268,9 €	+120%	-1,3 k €	+82.5%	-7,6 k €	+90.5%	-79,5 k €	-397%	26,8 k €
Balance sheet
Equity	406 k €	+8.8%	373,1 k €	+2.9%	362,5 k €	+8.9%	333 k €	+10.0%	302,7 k €	+8.5%	278,9 k €	+6.5%	261,8 k €	+10.2%	237,6 k €	+3.0%	230,7 k €	+4.6%	220,7 k €	+9.4%	201,8 k €	+22.1%	165,2 k €	+24.8%	132,4 k €	+1.3%	130,6 k €	-1.6%	132,8 k €	-0.2%	133,1 k €	+0.2%	132,9 k €	-1.0%	134,2 k €	-5.3%	141,7 k €	-35.9%	221,3 k €
Total assets	661,4 k €	+0.2%	659,8 k €	+10.3%	598,2 k €	-0.9%	603,9 k €	-3.7%	627,2 k €	-4.2%	654,9 k €	-6.1%	697,2 k €	-2.5%	715 k €	-4.9%	751,6 k €	-5.6%	796,3 k €	-5.5%	842,5 k €	-3.4%	872,6 k €	-0.7%	878,9 k €	-4.4%	919,8 k €	-4.7%	964,7 k €	-3.9%	1 M €	-4.2%	1 M €	-7.3%	1,1 M €	-4.5%	1,2 M €	+329%	275,8 k €
Cash	5,3 k €	-43.4%	9,4 k €	-38.0%	15,2 k €	+124%	6,8 k €	+62.7%	4,2 k €	+31.7%	3,2 k €	-82.4%	18 k €	+223%	5,6 k €	+30.8%	4,3 k €	-61.1%	11 k €	-35.9%	17,1 k €	+44.9%	11,8 k €	+71.6%	6,9 k €	-9.5%	7,6 k €	-43.3%	13,4 k €	+3.6%	12,9 k €	+59.0%	8,1 k €	-83.6%	49,6 k €	-13.6%	57,4 k €	-4.6%	60,1 k €
Debts	251,6 k €	-11.6%	284,7 k €	+21.8%	233,7 k €	-10.1%	259,9 k €	-17.2%	313,9 k €	-14.2%	365,8 k €	-11.4%	413 k €	-10.9%	463,4 k €	-9.0%	509 k €	-11.6%	575,6 k €	-10.0%	639,8 k €	-9.6%	707,4 k €	-5.2%	746,5 k €	-5.4%	789,1 k €	-5.1%	831,9 k €	-4.5%	870,9 k €	-4.8%	914,8 k €	-8.2%	996,6 k €	-4.3%	1 M €	+1945%	50,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

Annita Grevendonck

Director

Active

Marie Grevendonck

Director

Active

Nelly Grevendonck

Director

Active

Ended mandates

Anita Grevendonck

Director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Marie Jeanne Grevendonck

Managing director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Nelly Grevendonck

Director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Anita Grevendonck

Director · since 26 mai 2006 · until 26 mai 2006

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	27/06/2025	12/06/2024	27/06/2023	01/07/2022	14/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	12/06/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	16/11/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	19/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	04/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 23 ended

Active mandates

Annita Grevendonck

Director

Active

Marie Grevendonck

Director

Active

Nelly Grevendonck

Director

Active

Ended mandates

Anita Grevendonck

Director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Marie Jeanne Grevendonck

Managing director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Nelly Grevendonck

Director · since 13 octobre 2023 · until 13 octobre 2029

Ended

Anita Grevendonck

Director · since 26 mai 2006 · until 26 mai 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/01/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2006
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 202532,9 k €↑
2024
Annual accounts 202410,6 k €↓
2023
Annual accounts 202329,5 k €↓
2022
Annual accounts 202230,3 k €↑
2021
Annual accounts 202123,7 k €↑
2020
Annual accounts 202017,1 k €↓
2019
Annual accounts 201924,2 k €↑
2018
Annual accounts 201813,2 k €↓
2017
Annual accounts 201716,3 k €↓
2016
Annual accounts 201625,2 k €↓
2015
Annual accounts 201542,8 k €↑
2014
Annual accounts 20147,8 k €↑
2013
Annual accounts 20131,7 k €↑
2012
Annual accounts 2012-2,2 k €↓
2011
Annual accounts 2011-306,2 €↓
2010
Annual accounts 2010268,9 €↑
2009
Annual accounts 2009-1,3 k €↑
2008
Annual accounts 2008-7,6 k €↑
2007
Annual accounts 2007-79,5 k €↓
2006
Annual accounts 200626,8 k €
14/07/1987
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

GAMMAN

Overview

What does GAMMAN do?

Trend over 20 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