NORMAL SITUATION

GESDEL

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Financial year 2025 · closed on 17/12/2025

Net result

1,9 k €

+226.5% YoY

Company — Normal situation.

What does GESDEL do?

GESDEL is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.263.303

Legal form

Private company with limited liability

Latest accounts

17/12/2025

Signals

ProfitablePositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2025		2024		2023		2022		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	–		-10 k €	-8.8%	-9,2 k €	-0.7%	-9,1 k €	+27.2%	-12,5 k €	-190%	13,9 k €	-51.2%	28,6 k €	+236%	-21 k €	-206%	19,8 k €	+938%	1,9 k €	+110%	-19,1 k €	-240%	13,6 k €	-65.4%	39,4 k €	-37.6%	63,1 k €
EBITDA	–		-10,6 k €	-8.6%	-9,8 k €	-1.1%	-9,7 k €	+26.7%	-13,2 k €	-112%	110,4 k €	+337%	25,3 k €	+195%	-26,5 k €	-260%	16,6 k €	+667%	-2,9 k €	+97.7%	-124,9 k €	-1336%	10,1 k €	-71.3%	35,2 k €	-41.7%	60,4 k €
Operating result	–		-10,6 k €	+18.4%	-13,1 k €	-0.8%	-12,9 k €	+21.4%	-16,5 k €	-115%	109,9 k €	+690%	-18,6 k €	+73.9%	-71,6 k €	-149%	-28,8 k €	+32.8%	-42,8 k €	+74.3%	-166,5 k €	-226%	-51,1 k €	-112%	-24,1 k €	-1006%	2,7 k €
Net result	1,9 k €	+226%	-1,5 k €	+61.1%	-3,9 k €	-4.7%	-3,8 k €	+50.2%	-7,5 k €	-107%	113,4 k €	+737%	-17,8 k €	+75.8%	-73,5 k €	-123%	-33 k €	-49.1%	-22,2 k €	-978%	2,5 k €	-96.3%	69,1 k €	+242%	-48,6 k €	-119%	261,9 k €
Balance sheet
Equity	–		292,6 k €	-0.5%	294,1 k €	-1.3%	298,1 k €	-1.2%	301,8 k €	+24.4%	242,7 k €	+87.7%	129,3 k €	-16.2%	154,3 k €	-32.3%	227,9 k €	-62.6%	608,8 k €	-3.5%	630,9 k €	-23.7%	826,7 k €	+9.1%	757,6 k €	-6.0%	806,3 k €
Total assets	294,7 k €	-1.8%	300 k €	-0.9%	302,9 k €	-3.2%	313 k €	-1.2%	316,8 k €	+20.2%	263,7 k €	-60.6%	668,7 k €	-14.0%	777,3 k €	+1.5%	765,5 k €	-11.6%	865,8 k €	-9.7%	958,5 k €	-18.5%	1,2 M €	-6.3%	1,3 M €	-7.0%	1,3 M €
Cash	1,7 k €	+1803%	87,1 €	+105%	42,5 €	-94.5%	766,1 €	-11.9%	869,3 €	-99.6%	219,7 k €	+3906%	5,5 k €	+56.5%	3,5 k €	+10.8%	3,2 k €	-44.3%	5,7 k €	+22786%	24,8 €	-99.3%	3,4 k €	+1875%	170,4 €	-99.6%	38,4 k €
Debts	294,7 k €	+3865%	7,4 k €	-7.4%	8 k €	-46.4%	15 k €	-0.3%	15 k €	-28.5%	21 k €	-95.0%	418,2 k €	-16.3%	499,7 k €	+20.4%	415,2 k €	+211%	133,6 k €	-33.8%	201,8 k €	-37.8%	324,4 k €	-31.1%	471,1 k €	-8.7%	515,8 k €

Governance

Board of directors

Seen on filing of 17/12/2025 · 1 active · 7 ended

Active mandates

Martin Delcroix

Bestuurder

Active

Ended mandates

Gerda RUYSSCHAERT

Director · since 01 avril 2012 · until 31 mars 2018

Ended

Marleen Vandoorne

Director · since 29 mars 2008 · until 28 mars 2014

Ended

Martin Delcroix

Managing director · since 29 mars 2008 · until 28 mars 2014

Ended

Marleen Vandoorne

Director · since 22 mars 2008 · until 28 mars 2008

Ended

Annual accounts

Full financial information

	2025	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2025	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020
Closing of the financial year	17/12/2025	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021
Length of the financial year	3 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/05/2026	24/04/2026	25/04/2025	19/04/2024	26/04/2023	30/03/2022
General meeting	17/12/2025	27/03/2026	28/03/2025	22/03/2024	24/03/2023	25/03/2022
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

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	17/12/2025	17/12/2025	04/05/2026	Dutch	PDF
Micro model	30/09/2025	27/03/2026	24/04/2026	Dutch	PDF
Micro model	30/09/2024	28/03/2025	25/04/2025	Dutch	PDF
Micro model	30/09/2023	22/03/2024	19/04/2024	Dutch	PDF
Micro model	30/09/2022	24/03/2023	26/04/2023	Dutch	PDF
Micro model	30/09/2021	25/03/2022	30/03/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	22/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	31/03/2020	Dutch	PDF
Micro model	30/09/2018	22/03/2019	25/03/2019	Dutch	PDF
Micro model	30/09/2017	23/03/2018	16/04/2018	Dutch	PDF
Abridged model	30/09/2016	24/03/2017	28/04/2017	French	PDF
Abridged model	30/09/2015	04/03/2016	07/03/2016	French	PDF
Abridged model	30/09/2014	27/03/2015	07/05/2015	French	PDF
Abridged model	30/09/2013	28/03/2014	31/03/2014	French	PDF
Abridged model	30/09/2012	22/03/2013	25/04/2013	French	PDF
Abridged model	30/09/2011	23/03/2012	31/05/2012	French	PDF
Abridged model	30/09/2010	25/03/2011	11/07/2011	French	PDF
Abridged model	30/09/2009	26/03/2010	30/04/2010	French	PDF
Abridged model	30/09/2008	27/03/2009	15/07/2009	French	PDF
Abridged model	30/09/2007	28/03/2008	07/10/2008	French	PDF
Abridged model	30/09/2006	23/03/2007	25/05/2007	French	PDF
Abridged model	30/09/2005	24/03/2006	24/04/2006	French	PDF
Abridged model	30/09/2004	25/03/2005	22/04/2005	French	PDF
Abridged model	30/09/2003	26/03/2004	23/07/2004	Dutch	PDF

View all 36 filings

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 17/12/2025 · 1 active · 7 ended

Active mandates

Martin Delcroix

Bestuurder

Active

Ended mandates

Gerda RUYSSCHAERT

Director · since 01 avril 2012 · until 31 mars 2018

Ended

Marleen Vandoorne

Director · since 29 mars 2008 · until 28 mars 2014

Ended

Martin Delcroix

Managing director · since 29 mars 2008 · until 28 mars 2014

Ended

Marleen Vandoorne

Director · since 22 mars 2008 · until 28 mars 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution20/01/2026
Vaststelling wijziging rechtsvorm - ontbinding - vereffening
PDF
Registered office30/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/02/2018
SIEGE SOCIAL
PDF
Mandates19/07/2012
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates04/07/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates22/12/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2002
DEMISSIONS, NOMINATIONS
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 20251,9 k €↑
2025
Annual accounts 2025-1,5 k €↑
2025
Name changeGesdel (in vereffening)
2024
Annual accounts 2024-3,9 k €↓
2023
Annual accounts 2023-3,8 k €↑
2022
Annual accounts 2022-7,5 k €↓
2022
Name changeGesdel
2016
Annual accounts 2016113,4 k €↑
2015
Annual accounts 2015-17,8 k €↑
2013
Annual accounts 2013-73,5 k €↓
2012
Annual accounts 2012-33 k €↓
2011
Annual accounts 2011-22,2 k €↓
2010
Annual accounts 20102,5 k €↓
2009
Annual accounts 200969,1 k €↑
2008
Annual accounts 2008-48,6 k €↓
2007
Annual accounts 2007261,9 k €

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

GESDEL

Overview

What does GESDEL do?

Trend over 14 financial years

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