ACTIVE

G.S.D.

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Financial year 2024 · closed on 31/12/2024

Net result

33,7 k €

+79.9% YoY

Gross margin

119,1 k €

+19.0% YoY

Equity

351,5 k €

+10.6% YoY

What does G.S.D. do?

G.S.D. is a Public limited company incorporated in 1990. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.093.831

Incorporation

29/09/1990

Legal form

Public limited company

Registered office

Torhoutsesteenweg 644
8400 Oostende · FlandreSee on map

Contributed capital

178 483,34 €

Latest accounts

31/12/2024

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	119,1 k €	+19.0%	100,1 k €	-36.5%	157,5 k €	-10.0%	174,9 k €	+2.2%	171,2 k €	+21.6%	140,7 k €	+6.3%	132,3 k €	+28.5%	103 k €	-3.3%	106,5 k €	-4.6%	111,6 k €	+23.7%	90,3 k €	-43.1%	158,6 k €	+18.7%	133,6 k €	-11.6%	151,2 k €	+164%	57,3 k €	-40.3%	96 k €	-6.1%	102,2 k €	-3.3%	105,6 k €	+19.3%	88,6 k €
EBITDA	96,2 k €	+23.5%	77,9 k €	-43.1%	136,8 k €	+5.9%	129,2 k €	-14.1%	150,4 k €	+25.3%	120,1 k €	+19.9%	100,2 k €	+23.4%	81,2 k €	-9.9%	90,2 k €	-2.0%	92 k €	+35.6%	67,8 k €	-51.2%	139,1 k €	+22.3%	113,8 k €	-1.1%	115,1 k €	+621%	16 k €	-80.9%	83,5 k €	-4.1%	87 k €	-4.4%	91 k €	+20.1%	75,8 k €
Operating result	48,1 k €	+60.6%	30 k €	-66.9%	90,5 k €	+11.5%	81,2 k €	-6.2%	86,5 k €	+57.8%	54,8 k €	+101%	27,3 k €	+401%	5,5 k €	-73.4%	20,5 k €	+21.0%	16,9 k €	+845%	1,8 k €	-97.8%	80,4 k €	+43.5%	56 k €	-6.4%	59,9 k €	+303%	-29,5 k €	-182%	36,2 k €	-13.6%	41,9 k €	-12.3%	47,8 k €	+33.6%	35,8 k €
Net result	33,7 k €	+79.9%	18,7 k €	-70.3%	63 k €	+15.1%	54,8 k €	-3.0%	56,5 k €	+42.8%	39,5 k €	+286%	10,3 k €	+150%	-20,7 k €	-1018%	-1,9 k €	+77.2%	-8,1 k €	+71.3%	-28,3 k €	-158%	49,2 k €	+152%	19,5 k €	+4.7%	18,7 k €	+127%	-69,4 k €	-8074%	870,2 €	-77.3%	3,8 k €	-74.7%	15,2 k €	-90.9%	167,1 k €
Balance sheet
Equity	351,5 k €	+10.6%	317,9 k €	-22.4%	409,7 k €	+18.2%	346,6 k €	+18.8%	291,8 k €	+24.0%	235,4 k €	+20.2%	195,8 k €	+5.5%	185,6 k €	-10.0%	206,3 k €	-0.9%	208,1 k €	-3.8%	216,3 k €	-11.6%	244,6 k €	+25.2%	195,4 k €	+11.1%	175,8 k €	+11.9%	157,2 k €	-30.6%	226,6 k €	+0.4%	225,7 k €	+1.7%	221,8 k €	+7.3%	206,7 k €
Total assets	640,8 k €	-14.0%	745,2 k €	-0.5%	749,3 k €	-0.1%	750,3 k €	-16.6%	899,6 k €	-3.5%	932 k €	-17.9%	1,1 M €	-4.7%	1,2 M €	-4.4%	1,2 M €	-5.2%	1,3 M €	-3.8%	1,4 M €	+1.4%	1,3 M €	-0.5%	1,4 M €	-15.0%	1,6 M €	+13.5%	1,4 M €	+4.7%	1,3 M €	+28.2%	1 M €	-0.9%	1,1 M €	-3.3%	1,1 M €
Cash	10,5 k €	-91.2%	119,1 k €	+9.5%	108,8 k €	+126%	48,1 k €	+540%	7,5 k €	+155%	3 k €		–		325,1 €		–		3,9 k €	+516%	629,8 €		–		–		1 k €	-54.0%	2,2 k €	+134%	958,5 €	+29.1%	742,2 €	-48.7%	1,4 k €	-8.9%	1,6 k €
Debts	289,2 k €	-32.3%	427,3 k €	+25.8%	339,6 k €	-15.9%	403,7 k €	-32.8%	600,4 k €	-13.8%	696,6 k €	-25.8%	939,4 k €	-6.6%	1 M €	-3.3%	1 M €	-6.0%	1,1 M €	-3.6%	1,1 M €	+4.9%	1,1 M €	-5.0%	1,2 M €	-18.2%	1,4 M €	+14.2%	1,2 M €	+12.0%	1,1 M €	+36.8%	803,3 k €	-1.1%	812,3 k €	-7.2%	875,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP

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 31/12/2024 · 2 active · 24 ended

Active mandates

Hilda Deconinck

Managing director · since 12 décembre 2024

Active

Jean-Claude Seys

Director

Active

Ended mandates

Hilda Deconinck

Managing director · since 30 juin 2015 · until 30 juin 2021

Ended

Hilda Deconinck

Managing director · since 30 juin 2015 · until 30 juin 2027

Ended

Jean-Claude Seys

Mandate · since 30 juin 2015 · until 30 juin 2021

Ended

Jean-Claude Seys

bestuurder · since 30 juin 2015 · until 30 juin 2027

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2025	24/07/2024	28/07/2023	18/07/2022	30/07/2021	31/07/2020
General meeting	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	25/06/2019	30/07/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/07/2008	08/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	22/05/2007	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 31/12/2024 · 2 active · 24 ended

Active mandates

Hilda Deconinck

Managing director · since 12 décembre 2024

Active

Jean-Claude Seys

Director

Active

Ended mandates

Hilda Deconinck

Managing director · since 30 juin 2015 · until 30 juin 2021

Ended

Hilda Deconinck

Managing director · since 30 juin 2015 · until 30 juin 2027

Ended

Jean-Claude Seys

Mandate · since 30 juin 2015 · until 30 juin 2021

Ended

Jean-Claude Seys

bestuurder · since 30 juin 2015 · until 30 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2005
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/06/2005
MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 202433,7 k €↑
2023
Annual accounts 202318,7 k €↓
2022
Annual accounts 202263 k €↑
2021
Annual accounts 202154,8 k €↓
2020
Annual accounts 202056,5 k €↑
2019
Annual accounts 201939,5 k €↑
2018
Annual accounts 201810,3 k €↑
2017
Annual accounts 2017-20,7 k €↓
2016
Annual accounts 2016-1,9 k €↑
2015
Annual accounts 2015-8,1 k €↑
2014
Annual accounts 2014-28,3 k €↓
2013
Annual accounts 201349,2 k €↑
2012
Annual accounts 201219,5 k €↑
2011
Annual accounts 201118,7 k €↑
2010
Annual accounts 2010-69,4 k €↓
2009
Annual accounts 2009870,2 €↓
2008
Annual accounts 20083,8 k €↓
2007
Annual accounts 200715,2 k €↓
2006
Annual accounts 2006167,1 k €
29/09/1990
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

G.S.D.

Overview

What does G.S.D. do?

Trend over 19 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