ACTIVE

GILBOROC

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Financial year 2025 · closed on 31/12/2025

Net result

32,8 k €

-68.6% YoY

Gross margin

68,6 k €

-59.3% YoY

Equity

2,4 M €

-1.1% YoY

What does GILBOROC do?

GILBOROC is a Public limited company incorporated in 1999. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.856.230

Incorporation

27/12/1999

Legal form

Public limited company

Registered office

Piers de Raveschootlaan 58
8300 Knokke-Heist · FlandreSee on map

Contributed capital

1 683 628,97 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	68,6 k €	-59.3%	168,7 k €	+155%	66,2 k €	-43.7%	117,6 k €	+10.1%	106,8 k €	+15.4%	92,5 k €	+12.2%	82,4 k €	+58.2%	52,1 k €	+3.0%	50,6 k €	+8.7%	46,6 k €	+18.8%	39,2 k €	+7365%	525 €	-95.2%	11 k €	+2.7%	10,7 k €	+464%	-2,9 k €	-129%	10,2 k €	-8.3%	11,2 k €	-7.4%	12 k €	-2.8%	12,4 k €
EBITDA	55,5 k €	-65.6%	161,3 k €	+196%	54,5 k €	-49.0%	106,7 k €	+10.7%	96,4 k €	+16.8%	82,5 k €	+15.6%	71,4 k €	+62.9%	43,8 k €	+1.8%	43 k €	+10.0%	39,1 k €	+48.4%	26,4 k €	+484%	-6,9 k €	-186%	8 k €	-1.1%	8,1 k €	+217%	-6,9 k €	-215%	6 k €	-14.7%	7,1 k €	-15.7%	8,4 k €	-4.4%	8,8 k €
Operating result	-2,7 k €	-103%	102,5 k €	+1820%	-6 k €	-113%	47,6 k €	+0.4%	47,4 k €	+32.5%	35,8 k €	+29.0%	27,7 k €	+134%	11,9 k €	+7.1%	11,1 k €	+52.9%	7,3 k €	+239%	-5,2 k €	+85.6%	-36,2 k €	-28158%	-128 €	-104%	3,4 k €	+129%	-11,6 k €	-184%	-4,1 k €	-62.0%	-2,5 k €	-108%	-1,2 k €	-88.4%	-646 €
Net result	32,8 k €	-68.6%	104,6 k €	+297%	26,4 k €	+161%	10,1 k €	-72.4%	36,6 k €	+2640%	-1,4 k €	-102%	57,9 k €	+104%	28,4 k €	+30.7%	21,7 k €	+50.0%	14,5 k €	-37.5%	23,2 k €	+231%	-17,7 k €	-457%	4,9 k €	-73.9%	19 k €	-90.0%	189,9 k €	+321%	-85,9 k €	-6005%	1,5 k €	-93.8%	23,4 k €	-59.1%	57,3 k €
Balance sheet
Equity	2,4 M €	-1.1%	2,4 M €	-1.1%	2,5 M €	+0.9%	2,4 M €	+0.2%	2,4 M €	+1.5%	2,4 M €	-0.1%	2,4 M €	+126%	1,1 M €	+0.3%	1,1 M €	+2.1%	1 M €	+1.4%	1 M €	+2.3%	996,2 k €	-1.7%	1 M €	+0.5%	1 M €	+1.9%	990 k €	+23.7%	800,1 k €	-9.7%	886 k €	+0.2%	884,6 k €	+2.7%	861,1 k €
Total assets	2,5 M €	-5.9%	2,6 M €	+4.0%	2,5 M €	+0.7%	2,5 M €	+0.1%	2,5 M €	+1.4%	2,5 M €	-0.2%	2,5 M €	+81.8%	1,4 M €	-0.8%	1,4 M €	-0.7%	1,4 M €	-3.1%	1,4 M €	-5.1%	1,5 M €	-3.0%	1,5 M €	+39.9%	1,1 M €	+1.7%	1,1 M €	+35.3%	802,7 k €	-11.8%	909,7 k €	+2.7%	885,4 k €	+2.6%	863,3 k €
Cash	57,1 k €	-69.3%	186,4 k €	-18.8%	229,5 k €	-1.7%	233,5 k €	-43.9%	416,4 k €	-47.0%	785,9 k €	+2.6%	765,6 k €	+572%	113,9 k €	+57.3%	72,4 k €	+507%	11,9 k €	-42.6%	20,8 k €	+26.4%	16,4 k €	-45.8%	30,3 k €	-89.5%	288,2 k €	-34.3%	438,6 k €	+3891%	11 k €	+26.2%	8,7 k €	+6.5%	8,2 k €	+466%	1,4 k €
Debts	5,5 k €	-95.7%	129,5 k €	+190895%	67,8 €	-29.6%	96,3 €		–		70 €		–		219,9 k €	-4.8%	231,1 k €	-11.0%	259,6 k €	-17.8%	315,6 k €	-23.4%	411,9 k €	-5.8%	437,3 k €	+53354%	818 €	-33.9%	1,2 k €	-52.6%	2,6 k €	-89.0%	23,7 k €	+2774%	825 €	-62.1%	2,2 k €

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 · 3 active · 11 ended

Active mandates

Jerry Delacroix

Director · since 21 août 2025 · until 17 mai 2031

Active

Laurence Cosyns

Director · since 21 août 2025 · until 17 mai 2031

Active

Véronique Flachet

Director · since 21 août 2025 · until 17 mai 2031

Active

Ended mandates

Jerry Delacroix

Director · since 21 août 2019 · until 20 août 2025

Ended

Charlotte Cosyns

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Bernard COSYNS

Managing director

Ended

Charlotte Cosyns

Director · until 21 août 2019

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	18/05/2026	30/06/2025	21/05/2024	12/06/2023	29/06/2022	25/05/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/05/2026	18/05/2026	Dutch	PDF
Micro model	31/12/2024	17/05/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	18/05/2024	21/05/2024	Dutch	PDF
Micro model	31/12/2022	20/05/2023	12/06/2023	Dutch	PDF
Micro model	31/12/2021	21/05/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	15/05/2021	25/05/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	24/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	22/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	31/05/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	01/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	26/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	27/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	30/05/2007	Dutch	PDF

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 · 3 active · 11 ended

Active mandates

Jerry Delacroix

Director · since 21 août 2025 · until 17 mai 2031

Active

Laurence Cosyns

Director · since 21 août 2025 · until 17 mai 2031

Active

Véronique Flachet

Director · since 21 août 2025 · until 17 mai 2031

Active

Ended mandates

Jerry Delacroix

Director · since 21 août 2019 · until 20 août 2025

Ended

Charlotte Cosyns

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Bernard COSYNS

Managing director

Ended

Charlotte Cosyns

Director · until 21 août 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Mandates01/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other02/09/2020
DIVERSEN
PDF
Other20/09/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring07/01/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/10/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2017
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

2025
Annual accounts 202532,8 k €↓
2024
Annual accounts 2024104,6 k €↑
2023
Annual accounts 202326,4 k €↑
2022
Annual accounts 202210,1 k €↓
2021
Annual accounts 202136,6 k €↑
2020
Annual accounts 2020-1,4 k €↓
2019
Annual accounts 201957,9 k €↑
2017
Annual accounts 201728,4 k €↑
2016
Annual accounts 201621,7 k €↑
2015
Annual accounts 201514,5 k €↓
2014
Annual accounts 201423,2 k €↑
2013
Annual accounts 2013-17,7 k €↓
2012
Annual accounts 20124,9 k €↓
2011
Annual accounts 201119 k €↓
2010
Annual accounts 2010189,9 k €↑
2009
Annual accounts 2009-85,9 k €↓
2008
Annual accounts 20081,5 k €↓
2007
Annual accounts 200723,4 k €↓
2006
Annual accounts 200657,3 k €
27/12/1999
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

GILBOROC

Overview

What does GILBOROC 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