NORMAL SITUATION

GELU

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Financial year 2025 · closed on 26/03/2025

Net result

0 €

-100.0% YoY

Gross margin

0 €

-100.0% YoY

Equity

424,5 k €

0.0% YoY

Company — Normal situation.

What does GELU do?

GELU is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.020.707

Legal form

Private limited company

Contributed capital

88 800,02 €

Latest accounts

26/03/2025

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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	0 €	-100%	23,5 k €	+243%	6,9 k €	-87.9%	56,6 k €	-48.6%	109,9 k €	-12.5%	125,7 k €	+37.1%	91,6 k €	+31.6%	69,7 k €	+30.3%	53,5 k €	-40.5%	89,8 k €	+54.8%	58 k €	-6.3%	61,9 k €	+23727%	-262 €	-102%	14,4 k €	-40.4%	24,2 k €	-35.9%	37,8 k €	-7.9%	41 k €	+84.1%	22,3 k €	-33.8%	33,7 k €	+41.2%	23,9 k €
EBITDA	0 €	-100%	18,6 k €	+275%	5 k €	-90.8%	54,2 k €	-49.8%	107,9 k €	-12.7%	123,6 k €	+36.7%	90,4 k €	+33.2%	67,9 k €	+32.2%	51,4 k €	-41.0%	87 k €	+53.2%	56,8 k €	-5.3%	60 k €	+3617%	-1,7 k €	-113%	13,1 k €	-42.5%	22,8 k €	-34.7%	34,9 k €	-13.1%	40,1 k €	+84.7%	21,7 k €	-34.9%	33,4 k €	+46.8%	22,7 k €
Operating result	0 €	-100%	18,6 k €	+2742%	655,6 €	-98.7%	49,1 k €	-48.1%	94,5 k €	-13.6%	109,4 k €	+42.0%	77,1 k €	+70.6%	45,2 k €	+55.9%	29 k €	-59.6%	71,7 k €	+73.5%	41,3 k €	-11.5%	46,7 k €	+1464%	-3,4 k €	-137%	9,3 k €	-51.6%	19,2 k €	-23.3%	25 k €	-10.9%	28 k €	+62.8%	17,2 k €	-46.7%	32,3 k €	+49.1%	21,6 k €
Net result	0 €	-100%	20,9 k €	+79855%	-26,2 €	-100%	36,5 k €	-34.6%	55,9 k €	-13.7%	64,8 k €	+18.4%	54,7 k €	+115%	25,4 k €	+51.2%	16,8 k €	-62.5%	44,7 k €	+66.2%	26,9 k €	-23.7%	35,3 k €	+1462%	-2,6 k €	-130%	8,5 k €	-44.8%	15,4 k €	-9.7%	17,1 k €	-27.0%	23,4 k €	+104%	11,5 k €	-45.3%	21 k €	+25.4%	16,7 k €
Balance sheet
Equity	424,5 k €	0.0%	424,5 k €	+5.2%	403,7 k €	-0.0%	403,7 k €	+10.0%	367,2 k €	+11.3%	329,9 k €	+9.8%	300,4 k €	+22.3%	245,8 k €	+11.5%	220,4 k €	+8.2%	203,6 k €	+28.2%	158,8 k €	+20.4%	131,9 k €	+838%	14,1 k €	-87.0%	108,4 k €	+8.5%	99,9 k €	+18.2%	84,5 k €	+25.3%	67,4 k €	+24.7%	54,1 k €	+26.9%	42,6 k €	+97.1%	21,6 k €
Total assets	424,5 k €	-3.8%	441,4 k €	+7.9%	409 k €	-2.8%	420,9 k €	+9.0%	386 k €	+10.6%	349,1 k €	+5.0%	332,6 k €	+17.1%	284 k €	+20.5%	235,6 k €	-0.2%	236,2 k €	+4.5%	225,9 k €	+45.5%	155,3 k €	+48.2%	104,7 k €	-7.3%	112,9 k €	+5.9%	106,6 k €	+2.7%	103,9 k €	+29.0%	80,5 k €	+2.9%	78,2 k €	+39.0%	56,3 k €	+145%	23 k €
Cash	73,8 k €	-18.8%	90,8 k €	-25.5%	121,9 k €	-15.6%	144,3 k €	-35.7%	224,3 k €	-17.9%	273,3 k €	+6.8%	256 k €	+26.0%	203,1 k €	+63.5%	124,2 k €	-25.9%	167,6 k €	+0.5%	166,8 k €	+82.3%	91,5 k €	-3.3%	94,6 k €	+11.0%	85,3 k €	+32.7%	64,3 k €	+70.5%	37,7 k €	-28.9%	53 k €	-4.8%	55,7 k €	+31.8%	42,2 k €	+110%	20,2 k €
Debts	0 €	-100%	16,9 k €	+224%	5,2 k €	-69.6%	17,2 k €	-8.6%	18,8 k €	-1.7%	19,1 k €	-40.4%	32,1 k €	-15.9%	38,2 k €	+151%	15,2 k €	-53.3%	32,6 k €	-51.4%	67 k €	+187%	23,3 k €	-74.3%	90,7 k €	+1913%	4,5 k €	-32.8%	6,7 k €	-65.4%	19,4 k €	+48.2%	13,1 k €	-45.7%	24,1 k €	+76.1%	13,7 k €	+897%	1,4 k €

Governance

Board of directors

Seen on filing of 26/03/2025 · 2 active · 4 ended

Active mandates

MARLEEN VAES

Director · since 04 avril 2017

Active

PATRICK WESTELINCK

Director · since 30 décembre 2004

Active

Ended mandates

Marleen Vaes

Director

Ended

Marleen Vaes

Manager

Ended

Patrick Westelinck

Director

Ended

Patrick Westelinck

Manager

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	26/03/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	3 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/05/2025	14/05/2025	01/07/2024	06/07/2023	13/07/2022	03/08/2021
General meeting	26/03/2025	16/02/2025	28/06/2024	30/06/2023	30/06/2022	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

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Filings

Annual accounts filings

26 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	26/03/2025	26/03/2025	13/05/2025	Dutch	PDF
Micro model	31/12/2024	16/02/2025	14/05/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	13/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	03/08/2021	Dutch	PDF
Micro model	31/12/2019	23/06/2020	04/09/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	10/04/2018	22/08/2018	Dutch	PDF
Micro model	31/12/2016	11/04/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	12/04/2016	11/08/2016	Dutch	PDF
Abridged model	31/12/2014	14/04/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	08/04/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/04/2013	10/10/2013	Dutch	PDF
Abridged model	31/12/2011	10/04/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	12/04/2011	18/05/2011	Dutch	PDF
Abridged model	31/12/2009	13/04/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/04/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	08/04/2008	23/05/2008	Dutch	PDF
Abridged model	31/12/2006	10/04/2007	30/05/2007	Dutch	PDF
Abridged model	31/12/2005	11/04/2006	22/06/2006	Dutch	PDF
Abridged model	31/12/2004	12/04/2005	25/11/2005	Dutch	PDF
Abridged model	31/12/2003	13/04/2004	30/04/2004	Dutch	PDF
Abridged model	31/12/2002	08/04/2003	24/04/2003	Dutch	PDF

View all 26 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 26/03/2025 · 2 active · 4 ended

Active mandates

MARLEEN VAES

Director · since 04 avril 2017

Active

PATRICK WESTELINCK

Director · since 30 décembre 2004

Active

Ended mandates

Marleen Vaes

Director

Ended

Marleen Vaes

Manager

Ended

Patrick Westelinck

Director

Ended

Patrick Westelinck

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution23/04/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
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 20250 €↓
2025
Name changeGELU in vereffening
2024
Annual accounts 202420,9 k €↑
2023
Annual accounts 2023-26,2 €↓
2022
Annual accounts 202236,5 k €↓
2021
Annual accounts 202155,9 k €↓
2021
Name changeGELU
2020
Annual accounts 202064,8 k €↑
2019
Annual accounts 201954,7 k €↑
2018
Annual accounts 201825,4 k €↑
2017
Annual accounts 201716,8 k €↓
2016
Annual accounts 201644,7 k €↑
2015
Annual accounts 201526,9 k €↓
2014
Annual accounts 201435,3 k €↑
2013
Annual accounts 2013-2,6 k €↓
2012
Annual accounts 20128,5 k €↓
2011
Annual accounts 201115,4 k €↓
2010
Annual accounts 201017,1 k €↓
2009
Annual accounts 200923,4 k €↑
2008
Annual accounts 200811,5 k €↓
2007
Annual accounts 200721 k €↑
2006
Annual accounts 200616,7 k €

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

GELU

Overview

What does GELU 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