NORMAL SITUATION

GHEMALCO

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Financial year 2025 · closed on 31/12/2025
Net result
59,9 k €
+9.2% YoY
Gross margin
99,2 k €
+5.4% YoY
Equity
68,2 k €
-70.4% YoY

Company — Normal situation.

Strike-off: 10 juin 2026

What does GHEMALCO do?

GHEMALCO is a Public limited company incorporated in 1993.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.917.258
Incorporation
30/12/1993
Legal form
Public limited company
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin99,2 k €94,2 k €66,2 k €56,8 k €55,3 k €
EBITDA93,3 k €88,4 k €60,6 k €51,7 k €50,1 k €
Operating result80,3 k €75,4 k €47,6 k €38,7 k €37,1 k €
Net result59,9 k €54,8 k €33,8 k €28,1 k €26,3 k €
Balance sheet
Equity68,2 k €230,4 k €225,6 k €216,8 k €255,7 k €
Total assets307,1 k €322 k €325,5 k €349,1 k €377,9 k €
Cash11,2 k €13,1 k €3,6 k €13,2 k €29 k €
Debts238,5 k €91,5 k €99,9 k €132,3 k €122,2 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

BRUNO GHEYSEN

Managing director · since 25 novembre 2022 · until 25 novembre 2028

Active
FANNY DECLOEDT

Director · since 25 novembre 2022 · until 25 novembre 2028

Active

Ended mandates

FANNY DECLOEDT

Director · since 01 juin 2021 · until 20 mai 2023

Ended
BRUNO GHEYSEN

Managing director · since 20 mai 2017 · until 20 mai 2023

Ended
GUIDO GHEYSEN

Managing director · since 20 mai 2017 · until 01 juin 2021

Ended
MARIE-CHRISTINE MALFAIT

Managing director · since 20 mai 2017 · until 01 juin 2021

Ended
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date02/06/202628/07/202502/07/202418/07/202304/07/2022
General meeting04/05/202628/06/202529/06/202424/06/202328/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/05/202602/06/2026DutchPDF
Abridged model31/12/202428/06/202528/07/2025DutchPDF
Abridged model31/12/202329/06/202402/07/2024DutchPDF
Abridged model31/12/202224/06/202318/07/2023DutchPDF
Micro model31/12/202128/06/202204/07/2022DutchPDF
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 31/12/2025 · 2 active · 4 ended

Active mandates

BRUNO GHEYSEN

Managing director · since 25 novembre 2022 · until 25 novembre 2028

Active
FANNY DECLOEDT

Director · since 25 novembre 2022 · until 25 novembre 2028

Active

Ended mandates

FANNY DECLOEDT

Director · since 01 juin 2021 · until 20 mai 2023

Ended
BRUNO GHEYSEN

Managing director · since 20 mai 2017 · until 20 mai 2023

Ended
GUIDO GHEYSEN

Managing director · since 20 mai 2017 · until 01 juin 2021

Ended
MARIE-CHRISTINE MALFAIT

Managing director · since 20 mai 2017 · until 01 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution17/06/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring05/03/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates30/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2016
    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 202559,9 k €↑
  2. 2024
    Annual accounts 202454,8 k €↑
  3. 2023
    Annual accounts 202333,8 k €↑
  4. 2022
    Annual accounts 202228,1 k €↑
  5. 2021
    Annual accounts 202126,3 k €
  6. 30/12/1993
    IncorporationPublic limited company