ACTIVE

Gust Projectontwikkeling

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Financial year 2025 · Closed on 31/12/2025

Net result-29,3 k €-129,6 %over 1 year

Gross margin290,4 k €-46,1 %over 1 year

Equity539,1 k €-5,2 %over 1 year

Workforce3,5 ETP-45,3 %over 1 year

Identity

Source · BCE/KBO

Gust Projectontwikkeling is a Private limited company incorporated in 1989. Its main activity is: Construction of buildings. Its registered office is in Hamme (Vl.). It employs on average 3,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.634.108
Incorporation: 27/05/1989
Legal form: Private limited company
Registered office: Zwaarveld 41 box C
9220 Hamme (Vl.) · FlandreSee on map
Contributed capital: 18 592,01 €
Latest accounts: 31/12/2025
Average workforce: 3,5 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 43320Joinery installation 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	290,4 k €	-46.1%	538,5 k €	-1.0%	543,9 k €	+7.0%	508,3 k €	+63.2%	311,4 k €
EBITDA	766 €	-99.3%	113,1 k €	-23.0%	146,9 k €	+290%	37,7 k €	+148%	-79,2 k €
Operating result	-21,5 k €	-120%	108,9 k €	+631%	14,9 k €	-7.8%	16,1 k €	+116%	-99,8 k €
Net result	-29,3 k €	-130%	99,2 k €	+723%	12,1 k €	-32.0%	17,7 k €	+115%	-119,3 k €
Balance sheet
Equity	539,1 k €	-5.2%	568,4 k €	+21.1%	469,2 k €	+2.6%	457,2 k €	+4.0%	439,5 k €
Total assets	858 k €	-9.2%	945,1 k €	+0.4%	941,7 k €	-6.0%	1 M €	+5.3%	951,4 k €
Cash	79,8 k €	-44.2%	143 k €	+54.8%	92,4 k €	-55.7%	208,6 k €	+241%	61,2 k €
Debts	319 k €	-15.3%	376,7 k €	-13.8%	436,8 k €	-19.8%	544,8 k €	+6.4%	512 k €
Other
Workforce	3,5 ETP	-45.3%	6,4 ETP	+6.7%	6,0 ETP	-20.0%	7,5 ETP	-3.8%	7,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VRG PROJECTS0828.319.523Represented by Guy Verhavert	Directorsince 30/06/2026
Gust Groep1023.898.544Represented by Stijn Verhelst	Directorsince 19/01/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Willy De Maseneir	Director08/12/2011 → 2024 accounts
Dirk Albert De Maseneir Dirk	Director27/05/1989 → 2024 accounts
Dirk De Maseneir	Director2021 accountsManager2018 accounts

Other companies at this address

Zwaarveld 41 9220 Hamme (Vl.)

Company	CBE no.
aternio legal● Active	0735.429.848
BAST● Active	0669.530.028
BTWE DE BEULE INDUSTRIE● Active	0642.746.546
DE BEULE TECHNICS● Active	0632.960.236
ELEKTRICITEITSWERKEN MAES● Active	0756.673.640
Fiscal Solutions● Active	0896.700.365
FRAPINA● Active	0891.816.020
Gust Groep● Active	1023.898.544
HET CIJFERHUIS● Active	0686.731.690
Iemmens.● Active	0755.488.359
lemelles● Active	1032.878.863
Lo-Build● Active	1009.240.458
Lorenda● Active	1009.240.557
PAGUS VASTGOED● Active	1044.844.309
PARO - TUBE● Active	0429.109.390
VENCO● Active	0435.777.745

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	20/10/2026	22/08/2025	10/07/2024	19/07/2023	11/08/2022	31/08/2021
General meeting	14/10/2026	30/05/2025	29/06/2024	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	14/10/2026	20/10/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	11/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	22/09/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	26/09/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	20/09/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	21/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	28/10/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	09/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	09/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VRG PROJECTS0828.319.523Represented by Guy Verhavert	Directorsince 30/06/2026
Gust Groep1023.898.544Represented by Stijn Verhelst	Directorsince 19/01/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Willy De Maseneir	Director08/12/2011 → 2024 accounts
Dirk Albert De Maseneir Dirk	Director27/05/1989 → 2024 accounts
Dirk De Maseneir	Director2021 accountsManager2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/07/2026
ONTSLAGEN, BENOEMINGEN, BENAMING, DOEL
PDF
Mandates05/03/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - JAARREKENINGEN - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2008
Benoeming zaakvoerder Î
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

VRG PROJECTS

Gust Groep

Willy De Maseneir

Dirk Albert De Maseneir Dirk

Dirk De Maseneir

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Gust ProjectontwikkelingDE MASENEIR DIRK

Zwaarveld 41 bte C, 9220 HammeEkelbeke 105, 9220 Hamme

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Zwaarveld 41 bte C, 9220 HammeCurrent	accounts 2025	Accounts 2025 · 2026-00565617
Ekelbeke 105, 9220 Hamme	accounts 2021 → 2024	Accounts 2024 · 2025-00391942

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Gust ProjectontwikkelingCurrent	accounts 2025	Accounts 2025 · 2026-00565617
DE MASENEIR DIRK	accounts 2021 → 2024	Accounts 2024 · 2025-00391942

Events

2025
Annual accounts 2025-29,3 k €↓
2025
Name changeGust Projectontwikkeling
2024
Annual accounts 202499,2 k €↑
2023
Annual accounts 202312,1 k €↓
2022
Annual accounts 202217,7 k €↑
2021
Annual accounts 2021-119,3 k €↑
2020
Annual accounts 2020-129,5 k €↓
2019
Annual accounts 201941,5 k €↓
2018
Annual accounts 201858,5 k €↑
2017
Annual accounts 201719,4 k €↓
2016
Annual accounts 201651,5 k €↑
2015
Annual accounts 201526,3 k €↓
2014
Annual accounts 201434,3 k €↑
2013
Annual accounts 201334,2 k €↑
2012
Annual accounts 201231,2 k €↓
2011
Annual accounts 201141,8 k €↑
2010
Annual accounts 201038,1 k €↓
2009
Annual accounts 200943,9 k €↑
2008
Annual accounts 200836,1 k €↑
2007
Annual accounts 200726,9 k €↓
2006
Annual accounts 200633,7 k €
27/05/1989
IncorporationPrivate limited company

Gust Projectontwikkeling

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

Registered offices

Company names

Events