ACTIVE

GNCS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

372,5 k €

+0.5% YoY

Gross margin

552,4 k €

+0.1% YoY

Equity

994,6 k €

+37.7% YoY

What does GNCS do?

GNCS is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Mortsel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.790.328

Incorporation

06/09/1999

Legal form

Public limited company

Registered office

Ganzennest 20
2640 Mortsel · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 45111Sale of cars and light motor vehicles 45112Sale of cars and light motor vehicles 46180Agents specialised in the sale of other particular products 46711Wholesale of solid, liquid and gaseous fuels and related products+1

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	552,4 k €	+0.1%	551,9 k €	+183%	195,4 k €	+630%	26,8 k €	+35.0%	19,8 k €	-8.6%	21,7 k €	+193%	7,4 k €	-79.6%	36,4 k €	-44.5%	65,5 k €	+211%	21,1 k €	-80.7%	109,4 k €	+617%	15,3 k €	-74.5%	59,9 k €	+9197%	644,7 €	-52.7%	1,4 k €	-23.3%	1,8 k €	+126%	783,4 €	-19.9%	978,4 €	-70.0%	3,3 k €	+59.0%	2,1 k €
EBITDA	551,4 k €	+0.0%	551,2 k €	+183%	194,9 k €	+641%	26,3 k €	+35.8%	19,4 k €	-8.4%	21,2 k €	+210%	6,8 k €	-80.9%	35,8 k €	-45.0%	65,1 k €	+217%	20,5 k €	-81.2%	109 k €	+635%	14,8 k €	-75.1%	59,5 k €	+29343%	202,1 €	-79.0%	960,2 €	-30.1%	1,4 k €	+258%	382,9 €	-34.0%	579,9 €	-75.3%	2,3 k €	+166%	882,4 €
Operating result	548,3 k €	+0.0%	548,2 k €	+184%	193,2 k €	+655%	25,6 k €	+37.1%	18,7 k €	-9.6%	20,6 k €	+562%	-4,5 k €	-118%	24,4 k €	-62.4%	64,8 k €	+525%	10,4 k €	-89.5%	98,8 k €	+572%	14,7 k €	-75.3%	59,5 k €	+29343%	202,1 €	-79.0%	960,2 €	-30.1%	1,4 k €	+258%	382,9 €	+2.6%	373,3 €	-77.9%	1,7 k €	+571%	-358,1 €
Net result	372,5 k €	+0.5%	370,7 k €	+189%	128,4 k €	+655%	17 k €	+37.0%	12,4 k €	-22.9%	16,1 k €	+458%	-4,5 k €	-127%	16,5 k €	-61.0%	42,4 k €	+468%	7,5 k €	-88.8%	66,4 k €	+493%	11,2 k €	-75.6%	45,8 k €	+25856%	-177,9 €	-117%	1 k €	-39.1%	1,7 k €	+614%	235,4 €	-26.3%	319,2 €	-83.0%	1,9 k €	+77075%	2,4 €
Balance sheet
Equity	994,6 k €	+37.7%	722,1 k €	+105%	351,4 k €	+57.6%	223 k €	+8.3%	206 k €	+6.4%	193,6 k €	+9.1%	177,4 k €	-2.5%	181,9 k €	+10.0%	165,4 k €	+26.6%	130,7 k €	+0.3%	130,3 k €	+2.6%	127 k €	+9.7%	115,8 k €	+65.5%	70 k €	-0.3%	70,2 k €	+1.5%	69,2 k €	+2.5%	67,5 k €	+0.3%	67,2 k €	+0.5%	66,9 k €	+2.9%	65,1 k €
Total assets	1,3 M €	+39.2%	898,1 k €	+96.7%	456,6 k €	+87.5%	243,5 k €	+10.0%	221,4 k €	+10.3%	200,7 k €	+13.1%	177,4 k €	-16.6%	212,7 k €	+8.5%	196,1 k €	+34.9%	145,4 k €	-41.3%	247,9 k €	+64.3%	150,9 k €	+5.9%	142,6 k €	+102%	70,6 k €	-36.6%	111,2 k €	+20.8%	92 k €	+6.2%	86,7 k €	-34.1%	131,5 k €	+92.0%	68,5 k €	-0.4%	68,8 k €
Cash	752,2 k €	+130%	326,8 k €	+99.3%	164 k €	+16.4%	140,9 k €	+21.4%	116,1 k €	+9.4%	106,1 k €	+13.9%	93,2 k €	-20.6%	117,4 k €	-5.4%	124 k €	+117%	57,2 k €	-71.1%	197,7 k €	+69.0%	117 k €	+20.5%	97 k €	+50.5%	64,5 k €	-9.9%	71,5 k €	+1124%	5,8 k €	+7.8%	5,4 k €	+3.6%	5,2 k €	-88.7%	46,5 k €	-17.7%	56,5 k €
Debts	255,9 k €	+45.4%	176,1 k €	+67.3%	105,2 k €	+414%	20,5 k €	+32.7%	15,4 k €	+117%	7,1 k €		–		30,8 k €	+0.3%	30,7 k €	+109%	14,7 k €	-87.5%	117,6 k €	+392%	23,9 k €	-10.6%	26,8 k €	+4817%	544,1 €	-98.7%	41 k €	+79.4%	22,9 k €	+19.1%	19,2 k €	-70.1%	64,3 k €	+3986%	1,6 k €	-57.8%	3,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Eric Taelman

Director

Active

Erwin Van Beek

Managing director

Active

Ended mandates

Ivonne Vliegen

Director · until 09 février 2019

Ended

Ivonne Vliegen

Director

Ended

Yvonne Vliegen

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	14/07/2026	23/06/2025	29/05/2024	27/07/2023	20/07/2022	22/07/2021
General meeting	30/06/2026	27/05/2025	28/05/2024	30/06/2023	28/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	14/07/2026	Dutch	PDF
Micro model	31/12/2024	27/05/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	28/05/2024	29/05/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	28/06/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Micro model	31/12/2019	26/05/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	28/05/2019	20/06/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/05/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 3 ended

Active mandates

Eric Taelman

Director

Active

Erwin Van Beek

Managing director

Active

Ended mandates

Ivonne Vliegen

Director · until 09 février 2019

Ended

Ivonne Vliegen

Director

Ended

Yvonne Vliegen

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other23/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates30/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2004
ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates08/12/2003
ONTSLAGEN - BENOEMINGEN - 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

2025
Annual accounts 2025372,5 k €↑
2024
Annual accounts 2024370,7 k €↑
2023
Annual accounts 2023128,4 k €↑
2022
Annual accounts 202217 k €↑
2021
Annual accounts 202112,4 k €↓
2020
Annual accounts 202016,1 k €↑
2019
Annual accounts 2019-4,5 k €↓
2018
Annual accounts 201816,5 k €↓
2017
Annual accounts 201742,4 k €↑
2016
Annual accounts 20167,5 k €↓
2015
Annual accounts 201566,4 k €↑
2014
Annual accounts 201411,2 k €↓
2013
Annual accounts 201345,8 k €↑
2012
Annual accounts 2012-177,9 €↓
2011
Annual accounts 20111 k €↓
2010
Annual accounts 20101,7 k €↑
2009
Annual accounts 2009235,4 €↓
2008
Annual accounts 2008319,2 €↓
2007
Annual accounts 20071,9 k €↑
2006
Annual accounts 20062,4 €
06/09/1999
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

GNCS

Overview

What does GNCS do?

Trend over 20 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