ACTIVE

GHENT WAREHOUSING SYSTEMS

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €-28,8 %over 1 year

Gross margin3,7 M €-12,3 %over 1 year

Equity14,2 M €+9,1 %over 1 year

Workforce19,5 ETP-3,0 %over 1 year

Identity

Source · BCE/KBO

GHENT WAREHOUSING SYSTEMS is a Public limited company incorporated in 1988. Its registered office is in Gent. It employs on average 19,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0436.035.289
Incorporation: 07/12/1988
Legal form: Public limited company
Registered office: Skaldenstraat 121 box B2
9042 Gent · FlandreSee on map
Contributed capital: 2 427 371,74 €
Latest accounts: 31/12/2025
Average workforce: 19,5 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,7 M €	-12.3%	4,2 M €	-4.5%	4,4 M €	+7.3%	4,1 M €	+12.6%	3,7 M €
EBITDA	2,3 M €	-21.4%	2,9 M €	-2.4%	3 M €	+2.4%	2,9 M €	+16.6%	2,5 M €
Operating result	1,6 M €	-29.4%	2,2 M €	-4.8%	2,3 M €	+2.6%	2,3 M €	+21.7%	1,9 M €
Net result	1,2 M €	-28.8%	1,7 M €	-0.7%	1,8 M €	+4.4%	1,7 M €	+22.3%	1,4 M €
Balance sheet
Equity	14,2 M €	+9.1%	13,1 M €	+14.9%	11,4 M €	+17.6%	9,7 M €	+20.2%	8 M €
Total assets	15 M €	+7.4%	14 M €	+12.9%	12,4 M €	+14.9%	10,8 M €	+12.3%	9,6 M €
Cash	280,7 k €	-63.8%	775 k €	+8.6%	713,9 k €	-75.3%	2,9 M €	+55.4%	1,9 M €
Debts	277,6 k €	-13.4%	320,4 k €	-24.4%	424 k €	-22.0%	543,3 k €	-40.3%	910,5 k €
Other
Workforce	19,5 ETP	-3.0%	20,1 ETP	-2.4%	20,6 ETP	+1.0%	20,4 ETP	+1.5%	20,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 32 ended

Active mandates

Raiffinvest NV

Managing director · since 30 juin 2023 · until 19 mai 2026

Represented by Yves Bienfet

Active

Ended mandates

Arséne Kronshagen

Director · since 19 mai 2020 · until 19 mai 2023

Ended

Christian Bienfet

Managing director · since 19 mai 2020 · until 19 mai 2023

Ended

Christian Bienfet

Managing director · since 19 mai 2020 · until 30 juin 2023

Ended

Yves Bienfet

Managing director · since 19 mai 2020 · until 20 mai 2023

Ended

Other companies at this address

Skaldenstraat 121 9042 Gent

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G&P QUALITY MANAGEMENT● Active	0425.104.478
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TERRA MATER● Active	0744.440.653

Full financial information

Source · NBB

	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	28/07/2026	23/07/2025	09/07/2024	19/12/2023	17/06/2022	09/07/2021
General meeting	30/06/2026	30/06/2025	21/06/2024	30/06/2023	17/05/2022	18/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	09/07/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	30/06/2023	19/12/2023	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/05/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/05/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	23/05/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	11/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	31/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025

1 active · 32 ended

Active mandates

Raiffinvest NV

Managing director · since 30 juin 2023 · until 19 mai 2026

Represented by Yves Bienfet

Active

Ended mandates

Arséne Kronshagen

Director · since 19 mai 2020 · until 19 mai 2023

Ended

Christian Bienfet

Managing director · since 19 mai 2020 · until 19 mai 2023

Ended

Christian Bienfet

Managing director · since 19 mai 2020 · until 30 juin 2023

Ended

Yves Bienfet

Managing director · since 19 mai 2020 · until 20 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/09/2026
Herbenoeming bestuurder
PDF
Mandates26/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/10/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20251,2 M €↓
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 20221,7 M €↑
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020803,5 k €↑
2019
Annual accounts 201959,1 k €↓
2018
Annual accounts 2018219,1 k €↑
2017
Annual accounts 2017190,3 k €↑
2016
Annual accounts 201644,5 k €↓
2015
Annual accounts 2015100,5 k €↓
2014
Annual accounts 2014229,1 k €↑
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 201257 k €↓
2011
Annual accounts 2011682,6 k €↑
2010
Annual accounts 2010361,5 k €↓
2009
Annual accounts 2009380,9 k €↑
2008
Annual accounts 2008246,6 k €↓
2007
Annual accounts 2007357 k €↑
2006
Annual accounts 2006257,9 k €
07/12/1988
IncorporationPublic limited company

GHENT WAREHOUSING SYSTEMS

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