ACTIVE

GANDS

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Financial year 2025 · closed on 31/12/2025
Net result
530,5 k €
+97.1% YoY
Revenue
5,4 M €
-83.3% YoY
Equity
4,9 M €
+12.2% YoY
Workforce
1,0 ETP
0.0% YoY

What does GANDS do?

GANDS is a Public limited company incorporated in 2000. Its main activity is: Development of building projects. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0472.184.716
Incorporation
26/06/2000
Legal form
Public limited company
Registered office
Michel De Braeystraat 55
2000 Antwerpen · FlandreSee on map
Contributed capital
3 248 031,23 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate
Joint committees (2)
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Revenue5,4 M €32,6 M €735,6 k €26,3 M €8,3 M €534,1 k €6,5 M €5,5 M €3,9 M €5,6 M €8,9 M €8,1 M €–––640,5 k €––
EBITDA545,9 k €280,7 k €159,7 k €7,8 M €1,6 M €-220,8 k €-236,6 k €112,4 k €-509,6 k €-93,6 k €378,9 k €1,2 M €306,1 k €-128,2 k €-257,1 k €57,2 k €1,6 M €115,1 k €
Operating result545,6 k €268,2 k €493,8 k €7,7 M €1,6 M €-343 k €-385,7 k €-53,9 k €-679,7 k €-241 k €258,7 k €1 M €187,2 k €-221,5 k €-368,3 k €16,1 k €1,6 M €44,3 k €
Net result530,5 k €269,1 k €506,3 k €4,8 M €1,4 M €-309,3 k €-402,1 k €-79,8 k €2 M €1,2 M €195,7 k €1,2 M €12,6 k €-376,3 k €-146,9 k €-1,9 k €419,3 k €-3,7 k €
Balance sheet
Equity4,9 M €4,3 M €10,9 M €10,4 M €7,6 M €6,2 M €6,5 M €6,9 M €7,5 M €5,6 M €4,4 M €4,3 M €2,5 M €1,1 M €754,2 k €140,2 k €142,1 k €178,3 k €
Total assets35,6 M €26,7 M €50,2 M €36,2 M €39,7 M €21,8 M €15,5 M €19,4 M €19,2 M €14,7 M €11,3 M €14,6 M €12,2 M €6,5 M €4,4 M €2,9 M €1,1 M €1,4 M €
Cash624,4 k €108,2 k €352,6 k €3,6 M €2,7 M €59,5 k €830,6 k €302,7 k €124,9 k €1,2 M €376,5 k €1,2 M €267,1 k €832,4 k €330,6 k €567,9 k €31,5 k €3,5 k €
Debts30,4 M €22,2 M €39 M €24,3 M €31,7 M €15,1 M €8,4 M €11,9 M €10,9 M €8,7 M €6,4 M €9,7 M €9,5 M €5,2 M €3,5 M €2,4 M €575,3 k €1,2 M €
Other
Workforce1,0 ETP1,0 ETP1,1 ETP2,0 ETP2,2 ETP4,8 ETP5,4 ETP4,5 ETP5,4 ETP6,8 ETP6,7 ETP6,7 ETP5,4 ETP4,0 ETP3,6 ETP1,5 ETP0,3 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 64 ended

Active mandates

Arfides

Director · since 30 mai 2025 · until 30 mai 2031 · 0849.719.802

Represented by Stefan Paeleman

Active
Cavens & Co

Director · since 30 mai 2025 · until 30 mai 2031 · 0438.222.541

Represented by Charlotte Cavens

Active
DUCK

Director · since 30 mai 2025 · until 30 mai 2031 · 0424.870.886

Represented by Jeff Cavens

Active
GROUP MINERVA

Director · since 30 mai 2025 · until 30 mai 2031 · 0436.440.216

Represented by Dirk Cavens

Active
REAL ESTATE SOLUTIONS

Director · since 30 mai 2025 · until 30 mai 2031 · 0460.014.184

Represented by Bart Paeleman

Active
SKYLINE EUROPE

Director · since 30 mai 2025 · until 30 mai 2031 · 0888.809.911

Represented by Marc Paeleman

Active

Ended mandates

Arfides

Director · since 18 décembre 2019 · until 30 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 12 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 30 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 12 mai 2025 · 0849.719.802

Represented by Stefan PAELEMAN

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202624/06/202517/06/202413/06/202322/08/202202/07/2021
General meeting30/05/202630/05/202531/05/202409/06/202309/08/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/05/202608/06/2026DutchPDF
Full model31/12/202430/05/202524/06/2025DutchPDF
Full model31/12/202331/05/202417/06/2024DutchPDF
Full model31/12/202209/06/202313/06/2023DutchPDF
Full model31/12/202109/08/202222/08/2022DutchPDF
Full model31/12/202016/06/202102/07/2021DutchPDF
Full model31/12/201930/06/202010/09/2020DutchPDF
Full model31/12/201811/06/201910/07/2019DutchPDF
Full model31/12/201730/05/201803/07/2018DutchPDF
Full model31/12/201630/05/201728/06/2017DutchPDF
Full model31/12/201530/05/201627/06/2016DutchPDF
Full model31/12/201430/05/201519/06/2015DutchPDF
Abridged model31/12/201320/06/201409/07/2014DutchPDF
Abridged model31/12/201230/05/201302/07/2013DutchPDF
Abridged model31/12/201105/06/201222/08/2012DutchPDF
Abridged model31/12/201030/05/201101/07/2011DutchPDF
Abridged model31/12/200930/06/201031/08/2010DutchPDF
Abridged model31/12/200801/06/200924/08/2009DutchPDF
Abridged model31/12/200720/06/200801/07/2008DutchPDF
Abridged model31/12/200630/05/200728/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 active · 64 ended

Active mandates

Arfides

Director · since 30 mai 2025 · until 30 mai 2031 · 0849.719.802

Represented by Stefan Paeleman

Active
Cavens & Co

Director · since 30 mai 2025 · until 30 mai 2031 · 0438.222.541

Represented by Charlotte Cavens

Active
DUCK

Director · since 30 mai 2025 · until 30 mai 2031 · 0424.870.886

Represented by Jeff Cavens

Active
GROUP MINERVA

Director · since 30 mai 2025 · until 30 mai 2031 · 0436.440.216

Represented by Dirk Cavens

Active
REAL ESTATE SOLUTIONS

Director · since 30 mai 2025 · until 30 mai 2031 · 0460.014.184

Represented by Bart Paeleman

Active
SKYLINE EUROPE

Director · since 30 mai 2025 · until 30 mai 2031 · 0888.809.911

Represented by Marc Paeleman

Active

Ended mandates

Arfides

Director · since 18 décembre 2019 · until 30 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 12 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 30 mai 2025 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Managing director · since 18 décembre 2019 · until 12 mai 2025 · 0849.719.802

Represented by Stefan PAELEMAN

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates17/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring30/01/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates26/11/2018
    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

Timeline

  1. 2025
    Annual accounts 2025530,5 k €↑
  2. 2024
    Annual accounts 2024269,1 k €↓
  3. 2023
    Annual accounts 2023506,3 k €↓
  4. 2022
    Annual accounts 20224,8 M €↑
  5. 2021
    Annual accounts 20211,4 M €↑
  6. 2020
    Annual accounts 2020-309,3 k €↑
  7. 2019
    Annual accounts 2019-402,1 k €↓
  8. 2018
    Annual accounts 2018-79,8 k €↓
  9. 2017
    Annual accounts 20172 M €↑
  10. 2016
    Annual accounts 20161,2 M €↑
  11. 2015
    Annual accounts 2015195,7 k €↓
  12. 2014
    Annual accounts 20141,2 M €↑
  13. 2013
    Annual accounts 201312,6 k €↑
  14. 2012
    Annual accounts 2012-376,3 k €↓
  15. 2011
    Annual accounts 2011-146,9 k €↓
  16. 2010
    Annual accounts 2010-1,9 k €↓
  17. 2009
    Annual accounts 2009419,3 k €↑
  18. 2008
    Annual accounts 2008-3,7 k €
  19. 26/06/2000
    IncorporationPublic limited company