NORMAL SITUATION

GELASE

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Financial year 2026 · closed on 03/03/2026

Net result

-1,7 k €

+99.9% YoY

Equity

28,7 M €

-0.0% YoY

Company — Normal situation.

What does GELASE do?

GELASE is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.243.834

Legal form

Public limited company

Contributed capital

53 866 104,00 €

Latest accounts

03/03/2026

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
EBITDA	-1,3 k €	+98.8%	-107,1 k €	+11.6%	-121,1 k €	-5.9%	-114,4 k €	+27.2%	-157,1 k €	+34.8%	-241,1 k €	+33.9%	-364,8 k €	-334%	-84 k €	-63.2%	-51,4 k €	+50.8%	-104,5 k €	-32.0%	-79,2 k €	+15.2%	-93,4 k €	-96.4%	-47,6 k €	+54.6%	-104,8 k €	-12.7%	-93 k €	+0.2%	-93,1 k €	-9.6%	-85 k €	-121%	-38,4 k €	-22.2%	-31,4 k €	+58.7%	-76,1 k €
Operating result	-1,3 k €	+98.8%	-107,1 k €	+11.6%	-121,1 k €	-5.9%	-114,4 k €	+27.2%	-157,1 k €	+34.8%	-241,1 k €	+33.9%	-364,8 k €	-334%	-84 k €	-63.2%	-51,4 k €	+50.8%	-104,5 k €	-32.0%	-79,2 k €	+15.2%	-93,4 k €	-96.4%	-47,6 k €	+54.6%	-104,8 k €	-12.7%	-93 k €	+0.2%	-93,1 k €	-9.6%	-85 k €	-121%	-38,4 k €	-22.2%	-31,4 k €	+58.7%	-76,1 k €
Net result	-1,7 k €	+99.9%	-3,3 M €	-119%	17 M €	+198%	-17,3 M €	+46.5%	-32,3 M €	-13065%	-245,4 k €	+98.8%	-20,2 M €	-22220%	-90,6 k €	-108%	1,2 M €	+81.2%	660,2 k €	+569%	-140,9 k €	-100%	303,5 M €	+1966%	14,7 M €	+359%	-5,7 M €	-446%	1,6 M €	-73.3%	6,1 M €	-88.4%	52,9 M €	+648%	-9,6 M €	-1322%	789,2 k €	-24.7%	1 M €
Balance sheet
Equity	28,7 M €	-0.0%	28,7 M €	-10.2%	31,9 M €	+114%	14,9 M €	-53.6%	32,2 M €	-50.0%	64,4 M €	-0.2%	64,6 M €	-23.9%	84,8 M €	+1.2%	83,8 M €	+1.4%	82,6 M €	+0.4%	82,3 M €	-0.2%	82,4 M €	-88.7%	726,7 M €	+2.1%	712 M €	-0.8%	717,6 M €	+0.2%	716 M €	+0.9%	709,8 M €	+8.0%	657 M €	-1.4%	666,6 M €	+0.1%	665,8 M €
Total assets	29,1 M €	-0.1%	29,1 M €	-9.7%	32,2 M €	+113%	15,1 M €	-53.5%	32,6 M €	-49.8%	64,9 M €	-0.1%	64,9 M €	-23.5%	84,9 M €	+0.9%	84,2 M €	+1.0%	83,3 M €	-1.2%	84,4 M €	-0.1%	84,4 M €	-93.3%	1,3 Md €	+2.0%	1,2 Md €	-1.0%	1,2 Md €	+15.9%	1,1 Md €	-11.4%	1,2 Md €	-6.0%	1,3 Md €	+0.3%	1,3 Md €	+2.5%	1,3 Md €
Cash	17,9 k €	-51.6%	37 k €	+3021%	1,2 k €		–		37,3 k €	+263%	10,3 k €	+524%	1,6 k €	-98.3%	98,1 k €	+8841%	1,1 k €	-98.2%	60,3 k €	-94.4%	1,1 M €	-5.6%	1,1 M €	+1825%	59,2 k €	-78.3%	272,6 k €	+9197%	2,9 k €	-68.6%	9,3 k €	+187%	3,2 k €	-94.4%	58,4 k €	+1794%	3,1 k €	-85.0%	20,6 k €
Debts	440,2 k €	-3.8%	457,6 k €	+41.4%	323,6 k €	+50.5%	215,1 k €	-41.0%	364,7 k €	-22.4%	469,8 k €	+30.3%	360,4 k €	+175%	131,1 k €	-26.8%	179 k €	-48.4%	346,7 k €	-80.7%	1,8 M €	-0.2%	1,8 M €	-99.7%	530,3 M €	+1.8%	520,8 M €	-0.9%	525,5 M €	+45.9%	360,2 M €	-28.6%	504,6 M €	-20.6%	635,6 M €	+2.1%	622,6 M €	+5.3%	591,6 M €

Governance

Board of directors

Seen on filing of 03/03/2026 · 3 active · 52 ended

Active mandates

Moreno Carlos Mario Giraldo

Administrateur · since 30 août 2021 · until 03 mars 2026

Active

Christophe Tans

Administrateur · since 30 juin 2020 · until 03 mars 2026

Active

CSC Global Solutions (BELGIUM)

Administrateur · since 30 juin 2020 · until 03 mars 2026 · 0435.177.929

Represented by Irene Florescu

Active

Ended mandates

Ivonne Windmeuller Palacio

Director · since 01 janvier 2023 · until 30 juin 2026

Ended

Ivonne Windmueller Palacio

Director · since 01 janvier 2023 · until 30 juin 2026

Ended

Palacio Ivonne Windmueller

Administrateur · since 01 janvier 2023 · until 21 mars 2025

Ended

Barbosa de Souza Ruy Victor

Director · since 30 juin 2022 · until 31 décembre 2022

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2026	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Closing of the financial year	03/03/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	3 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/03/2026	04/03/2026	22/10/2025	19/11/2024	18/03/2024	09/09/2022
General meeting	03/03/2026	03/03/2026	07/10/2025	30/09/2024	29/02/2024	30/06/2022
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

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	03/03/2026	03/03/2026	04/03/2026	French	PDF
Full model	31/12/2025	03/03/2026	04/03/2026	French	PDF
Full model	31/12/2024	07/10/2025	22/10/2025	French	PDF
Full model	31/12/2023	30/09/2024	19/11/2024	French	PDF
Full model	31/12/2022	29/02/2024	18/03/2024	French	PDF
Full model	31/12/2021	30/06/2022	09/09/2022	French	PDF
Full model	31/12/2020	30/08/2021	31/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	27/08/2020	French	PDF
Full model	31/12/2018	05/07/2019	12/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	18/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	12/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	30/06/2016	French	PDF
Full model	31/12/2014	28/05/2015	29/06/2015	French	PDF
Full model	31/12/2013	27/06/2014	28/07/2014	French	PDF
Full model	31/12/2012	26/03/2013	08/04/2013	French	PDF
Full model	31/12/2011	24/05/2012	25/05/2012	French	PDF
Full model	31/12/2010	31/05/2011	01/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	19/05/2010	French	PDF
Full model	31/12/2008	30/06/2009	03/07/2009	French	PDF
Full model	31/12/2007	30/06/2008	03/07/2008	French	PDF
Full model	31/12/2006	31/10/2007	31/10/2007	French	PDF
Full model	31/12/2005	10/11/2006	15/11/2006	French	PDF
m930-p	31/12/2004	28/11/2005	01/12/2005	French	PDF
m930-p	31/12/2003	30/11/2004	23/03/2005	French	PDF

View all 29 filings

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 03/03/2026 · 3 active · 52 ended

Active mandates

Moreno Carlos Mario Giraldo

Administrateur · since 30 août 2021 · until 03 mars 2026

Active

Christophe Tans

Administrateur · since 30 juin 2020 · until 03 mars 2026

Active

CSC Global Solutions (BELGIUM)

Administrateur · since 30 juin 2020 · until 03 mars 2026 · 0435.177.929

Represented by Irene Florescu

Active

Ended mandates

Ivonne Windmeuller Palacio

Director · since 01 janvier 2023 · until 30 juin 2026

Ended

Ivonne Windmueller Palacio

Director · since 01 janvier 2023 · until 30 juin 2026

Ended

Palacio Ivonne Windmueller

Administrateur · since 01 janvier 2023 · until 21 mars 2025

Ended

Barbosa de Souza Ruy Victor

Director · since 30 juin 2022 · until 31 décembre 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution24/03/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Mandates03/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates25/10/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/05/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/09/2020
DEMISSIONS, NOMINATIONS
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

2026
Annual accounts 2026-1,7 k €↑
2025
Annual accounts 2025-3,3 M €↓
2024
Annual accounts 202417 M €↑
2023
Annual accounts 2023-17,3 M €↑
2022
Annual accounts 2022-32,3 M €↓
2021
Annual accounts 2021-245,4 k €↑
2020
Annual accounts 2020-20,2 M €↓
2019
Annual accounts 2019-90,6 k €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 2017660,2 k €↑
2016
Annual accounts 2016-140,9 k €↓
2015
Annual accounts 2015303,5 M €↑
2014
Annual accounts 201414,7 M €↑
2013
Annual accounts 2013-5,7 M €↓
2012
Annual accounts 20121,6 M €↓
2011
Annual accounts 20116,1 M €↓
2010
Annual accounts 201052,9 M €↑
2009
Annual accounts 2009-9,6 M €↓
2008
Annual accounts 2008789,2 k €↓
2007
Annual accounts 20071 M €

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

GELASE

Overview

What does GELASE do?

Trend over 20 financial years

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