ACTIVE

GADUS

Financial year 2025 · closed on 31/12/2025
Net result
1,9 M €
+1092.1% YoY
Revenue
79 M €
+19.8% YoY
Equity
9,4 M €
+24.5% YoY
Workforce
82,0 ETP
+4.3% YoY

What does GADUS do?

GADUS is a Public limited company incorporated in 1989. Its registered office is in Nieuwpoort. It employs on average 82,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0439.570.544
Incorporation
29/12/1989
Legal form
Public limited company
Registered office
Toevluchtweg 15 box A
8620 Nieuwpoort · FlandreSee on map
Contributed capital
4 236 000,00 €
Latest accounts
31/12/2025
Average workforce
82,0 ETP
Joint committees (5)
  • 118
  • 11816
  • 220
  • 2200
  • 22000
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201220112010200920082007
Income statement
Revenue79 M €65,9 M €60,4 M €84,2 M €92,2 M €77,3 M €80,8 M €83,2 M €78,8 M €74,7 M €72,5 M €50,5 M €66,6 M €66,2 M €63,2 M €63,4 M €65,7 M €64,5 M €
EBITDA3,4 M €1,5 M €-499,4 k €365,7 k €1,8 M €2,3 M €3,6 M €4,1 M €4,1 M €3,7 M €3,7 M €2,1 M €1,8 M €1,7 M €1,6 M €1,7 M €1,4 M €1,6 M €
Operating result2,1 M €255,9 k €-1,4 M €-1,5 M €690 k €1,6 M €2,9 M €3,4 M €3,4 M €2,6 M €3 M €1,5 M €1,2 M €1,1 M €977,3 k €1 M €920,3 k €1,1 M €
Net result1,9 M €159,3 k €-1,5 M €-1,6 M €412 k €1 M €1,8 M €2,1 M €2,2 M €1,8 M €2 M €1 M €892,3 k €823,7 k €815,2 k €835,6 k €334,9 k €568,6 k €
Balance sheet
Equity9,4 M €7,6 M €3,5 M €2,8 M €5,6 M €8,3 M €9,2 M €9,4 M €11,5 M €11,5 M €11,9 M €11,9 M €11,5 M €11,2 M €11,1 M €11,1 M €3,4 M €3,4 M €
Total assets24,3 M €22,2 M €17,2 M €21,3 M €25,6 M €23,9 M €22,7 M €22,8 M €22,5 M €22 M €25,9 M €22,7 M €20 M €19,7 M €20,3 M €20,6 M €14,2 M €12,9 M €
Cash2,7 M €716,9 k €860,4 k €3,5 M €1,4 M €2 M €2,3 M €2,9 M €809,1 k €970,4 k €3,3 M €760,5 k €1,7 M €1,3 M €905,9 k €368,2 k €409,4 k €102,8 k €
Debts14,8 M €14,5 M €13,7 M €18,5 M €20 M €15,4 M €13,3 M €13,4 M €11,1 M €10,5 M €14 M €10,8 M €8,6 M €8,5 M €9 M €9,3 M €10,7 M €9,4 M €
Other
Workforce82,0 ETP78,6 ETP78,9 ETP87,6 ETP89,7 ETP93,0 ETP87,8 ETP87,9 ETP82,7 ETP89,8 ETP88,0 ETP88,9 ETP86,1 ETP78,8 ETP76,5 ETP57,5 ETP42,1 ETP42,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 77 ended

Active mandates

Jóhannsson Björgólfur

Director · since 31 janvier 2023 · until 09 mars 2028

Active
Sigurbjörn Magnusson

Director · since 31 janvier 2023 · until 09 mars 2028

Active
Andri Gunnarsson

Director · since 07 octobre 2022 · until 09 mars 2028

Active
Ingveldur Ásta Björnsdóttir

Director · since 07 octobre 2022 · until 09 mars 2028

Active
Jóhannes Hauksson

Chairman of the board of directors · since 25 juin 2021 · until 09 mars 2028

Active
Kristrún Audur Vidarsdóttir

Director · since 27 septembre 2017 · until 09 mars 2028

Active

Ended mandates

Jóhannes Hauksson

Chairman of the board of directors · since 25 juin 2021 · until 29 août 2023

Ended
Jóhannes Hauksson

Director · since 25 juin 2021 · until 08 mars 2023

Ended
Skjöldur Pálmason

Director · since 25 juin 2021 · until 08 mars 2023

Ended
Árni Geir Pálsson

Director · since 19 juin 2019 · until 08 mars 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
0449.581.538
PMR NPActive
0472.203.027
0444.211.993
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date22/04/202630/04/202530/08/202431/08/202304/07/202201/06/2021
General meeting15/04/202615/04/202523/08/202429/08/202326/04/202229/04/2021
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
Full model31/12/202515/04/202622/04/2026DutchPDF
Full model31/12/202415/04/202530/04/2025DutchPDF
Full model31/12/202323/08/202430/08/2024DutchPDF
Full model31/12/202229/08/202331/08/2023DutchPDF
Full model31/12/202126/04/202204/07/2022DutchPDF
Full model31/12/202029/04/202101/06/2021DutchPDF
Full model31/12/201927/04/202009/06/2020DutchPDF
Full model31/12/201827/03/201922/05/2019DutchPDF
Full model31/12/201708/03/201818/05/2018DutchPDF
Full model31/12/201609/03/201729/05/2017DutchPDF
Full model31/12/201510/03/201606/04/2016DutchPDF
Full model31/12/201412/03/201509/04/2015DutchPDF
Full model31/12/201313/03/201429/04/2014DutchPDF
Full model31/12/201214/03/201329/07/2013DutchPDF
Full model31/03/201224/07/201227/07/2012DutchPDF
Full model31/03/201128/07/201104/08/2011DutchPDF
Full model31/03/201015/07/201029/07/2010DutchPDF
Full model31/03/200915/09/200923/09/2009DutchPDF
Full model31/03/200816/09/200808/10/2008DutchPDF
Full model31/03/200725/09/200727/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 77 ended

Active mandates

Jóhannsson Björgólfur

Director · since 31 janvier 2023 · until 09 mars 2028

Active
Sigurbjörn Magnusson

Director · since 31 janvier 2023 · until 09 mars 2028

Active
Andri Gunnarsson

Director · since 07 octobre 2022 · until 09 mars 2028

Active
Ingveldur Ásta Björnsdóttir

Director · since 07 octobre 2022 · until 09 mars 2028

Active
Jóhannes Hauksson

Chairman of the board of directors · since 25 juin 2021 · until 09 mars 2028

Active
Kristrún Audur Vidarsdóttir

Director · since 27 septembre 2017 · until 09 mars 2028

Active

Ended mandates

Jóhannes Hauksson

Chairman of the board of directors · since 25 juin 2021 · until 29 août 2023

Ended
Jóhannes Hauksson

Director · since 25 juin 2021 · until 08 mars 2023

Ended
Skjöldur Pálmason

Director · since 25 juin 2021 · until 08 mars 2023

Ended
Árni Geir Pálsson

Director · since 19 juin 2019 · until 08 mars 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/06/2026
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2021
    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 20251,9 M €
  2. 2024
    Annual accounts 2024159,3 k €
  3. 2023
    Annual accounts 2023-1,5 M €
  4. 2022
    Annual accounts 2022-1,6 M €
  5. 2021
    Annual accounts 2021412 k €
  6. 2018
    Annual accounts 20181 M €
  7. 2017
    Annual accounts 20171,8 M €
  8. 2016
    Annual accounts 20162,1 M €
  9. 2015
    Annual accounts 20152,2 M €
  10. 2014
    Annual accounts 20141,8 M €
  11. 2013
    Annual accounts 20132 M €
  12. 2012
    Annual accounts 20121 M €
  13. 2012
    Annual accounts 2012892,3 k €
  14. 2011
    Annual accounts 2011823,7 k €
  15. 2010
    Annual accounts 2010815,2 k €
  16. 2009
    Annual accounts 2009835,6 k €
  17. 2008
    Annual accounts 2008334,9 k €
  18. 2007
    Annual accounts 2007568,6 k €
  19. 29/12/1989
    IncorporationPublic limited company