ACTIVE

GAMMAS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

75 k €

-49.9% YoY

Gross margin

97 k €

-54.9% YoY

Equity

1,3 M €

+5.8% YoY

What does GAMMAS do?

GAMMAS is a Private limited company incorporated in 1997. Its main activity is: Specialist medical practice activities. Its registered office is in Nivelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.022.104

Incorporation

13/02/1997

Legal form

Private limited company

Registered office

Avenue de France 1 box A01
1400 Nivelles · WallonieSee on map

Contributed capital

393 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	97 k €	-54.9%	214,9 k €	-41.8%	368,9 k €	+32.1%	279,3 k €	+46.7%	190,4 k €	-8.6%	208,3 k €	-34.8%	319,5 k €	+102%	158,2 k €	-22.7%	204,7 k €	+25.8%	162,8 k €	+22.9%	132,4 k €	-25.1%	176,8 k €	+17.9%	149,9 k €	+231%	-114,2 k €	-173%	155,7 k €	-2.3%	159,4 k €	+20.6%	132,2 k €	-13.3%	152,5 k €	-27.8%	211,3 k €	-22.3%	272,1 k €
EBITDA	93 k €	-56.0%	211,2 k €	-42.2%	365,4 k €	+32.6%	275,6 k €	+59.5%	172,8 k €	-4.4%	180,8 k €	-38.2%	292,5 k €	+121%	132,5 k €	-23.3%	172,7 k €	+25.7%	137,4 k €	+30.8%	105,1 k €	-30.7%	151,7 k €	+24.0%	122,3 k €	+187%	-141,3 k €	-206%	132,8 k €	+6.8%	124,3 k €	+612%	17,5 k €	-88.4%	151,2 k €	-27.9%	209,7 k €	-22.5%	270,5 k €
Operating result	92,6 k €	-56.1%	210,9 k €	-42.1%	364,4 k €	+33.3%	273,3 k €	+73.7%	157,3 k €	-5.1%	165,8 k €	-40.1%	277 k €	+137%	116,8 k €	-25.9%	157,6 k €	+17.2%	134,5 k €	+32.2%	101,7 k €	-26.5%	138,4 k €	+25.5%	110,3 k €	+172%	-153,1 k €	-230%	117,5 k €	+35.8%	86,5 k €	+306%	-42 k €	-173%	57,1 k €	-33.2%	85,5 k €	-24.1%	112,6 k €
Net result	75 k €	-49.9%	149,6 k €	-42.8%	261,8 k €	+34.4%	194,8 k €	+70.4%	114,3 k €	-8.9%	125,5 k €	-34.5%	191,6 k €	+132%	82,5 k €	-20.4%	103,6 k €	+21.5%	85,3 k €	+25.9%	67,8 k €	-33.6%	102,1 k €	-7.5%	110,4 k €	+172%	-153,5 k €	-276%	87 k €	+1.2%	86 k €	+348%	-34,6 k €	-173%	47,4 k €	-24.9%	63,1 k €	-21.0%	79,9 k €
Balance sheet
Equity	1,3 M €	+5.8%	1,3 M €	-3.2%	1,3 M €	+15.7%	1,1 M €	+8.7%	1 M €	-4.4%	1,1 M €	+5.5%	1 M €	+9.3%	950,2 k €	+9.4%	868,5 k €	+13.5%	765,5 k €	+12.5%	680,3 k €	+11.1%	612,5 k €	+396%	123,4 k €	-72.1%	443 k €	-25.7%	596,5 k €	+17.1%	509,4 k €	+20.3%	423,5 k €	-7.6%	458,1 k €	+10.6%	414,1 k €	+18.0%	351 k €
Total assets	1,6 M €	-1.4%	1,7 M €	+4.6%	1,6 M €	-0.2%	1,6 M €	+15.5%	1,4 M €	+6.4%	1,3 M €	+9.8%	1,2 M €	+21.7%	974,6 k €	+6.3%	916,8 k €	+14.3%	801,9 k €	+11.8%	717,3 k €	+10.3%	650,1 k €	+260%	180,7 k €	-61.6%	470,7 k €	-24.5%	623,8 k €	+20.2%	519,1 k €	+11.7%	464,9 k €	-1.5%	472 k €	+9.0%	432,8 k €	+12.3%	385,5 k €
Cash	85,2 k €	-45.4%	156,1 k €	-42.5%	271,6 k €	-4.8%	285,3 k €	+396%	57,5 k €	-73.8%	219,2 k €	+84.9%	118,5 k €	-44.6%	213,9 k €	+46.3%	146,2 k €	+97.8%	73,9 k €	-79.6%	362,7 k €	-38.0%	584,9 k €	+362%	126,6 k €	+4.2%	121,5 k €	+8.4%	112,1 k €	-74.6%	440,8 k €	+12.3%	392,6 k €	+9.1%	359,7 k €	+210%	116,2 k €	+163%	44,2 k €
Debts	298,8 k €	-21.7%	381,5 k €	+41.3%	270,1 k €	-40.5%	454,2 k €	+36.3%	333,3 k €	+61.9%	205,9 k €	+39.8%	147,3 k €	+504%	24,4 k €	-49.6%	48,3 k €	+32.9%	36,4 k €	-1.7%	37 k €	-1.5%	37,6 k €	-34.4%	57,3 k €	+109%	27,5 k €	+1.0%	27,2 k €	+186%	9,5 k €	-77.0%	41,2 k €	+197%	13,9 k €	-25.6%	18,7 k €	-45.8%	34,5 k €
Other
Workforce	–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Bernard De Bruyne

Director

Active

Ended mandates

BERNARD DE BRUYNE

Manager · since 06 février 1997

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO NICOLAS● Active	0472.980.908
VFDB CONSULTING● Active	1007.192.273

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	15/06/2026	01/07/2025	18/06/2024	23/08/2023	30/08/2022	25/08/2021
General meeting	20/05/2026	27/05/2025	29/05/2024	03/05/2023	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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/05/2026	15/06/2026	French	PDF
Micro model	31/12/2024	27/05/2025	01/07/2025	French	PDF
Micro model	31/12/2023	29/05/2024	18/06/2024	French	PDF
Micro model	31/12/2022	03/05/2023	23/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	25/08/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	24/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	28/02/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	19/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	09/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	29/08/2007	French	PDF
Abridged model	31/12/2005	26/05/2006	31/08/2006	French	PDF
Abridged model	31/12/2004	27/05/2005	28/07/2005	French	PDF
Abridged model	31/12/2003	28/05/2004	29/07/2004	French	PDF
Abridged model	31/12/2002	30/05/2003	30/07/2003	French	PDF

View all 29 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Bernard De Bruyne

Director

Active

Ended mandates

BERNARD DE BRUYNE

Manager · since 06 février 1997

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office23/09/2015
SIEGE SOCIAL
PDF
Capital / shares06/03/2014
CAPITAL, ACTIONS
PDF
Other30/04/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202575 k €↓
2024
Annual accounts 2024149,6 k €↓
2023
Annual accounts 2023261,8 k €↑
2022
Annual accounts 2022194,8 k €↑
2021
Annual accounts 2021114,3 k €↓
2020
Annual accounts 2020125,5 k €↓
2019
Annual accounts 2019191,6 k €↑
2018
Annual accounts 201882,5 k €↓
2017
Annual accounts 2017103,6 k €↑
2016
Annual accounts 201685,3 k €↑
2015
Annual accounts 201567,8 k €↓
2014
Annual accounts 2014102,1 k €↓
2013
Annual accounts 2013110,4 k €↑
2012
Annual accounts 2012-153,5 k €↓
2011
Annual accounts 201187 k €↑
2010
Annual accounts 201086 k €↑
2009
Annual accounts 2009-34,6 k €↓
2008
Annual accounts 200847,4 k €↓
2007
Annual accounts 200763,1 k €↓
2006
Annual accounts 200679,9 k €
13/02/1997
IncorporationPrivate 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

GAMMAS

Overview

What does GAMMAS do?

Trend over 20 financial years

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