ACTIVE

GEWA GAMES

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

-7,2 k €

-122.9% YoY

Gross margin

54,2 k €

-48.6% YoY

Equity

242,2 k €

-3.5% YoY

What does GEWA GAMES do?

GEWA GAMES is a Private limited company incorporated in 2001. Its main activity is: Gambling and betting activities. Its registered office is in Wellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.537.748

Incorporation

06/09/2001

Legal form

Private limited company

Registered office

Bulsstraat 11
3830 Wellen · FlandreSee on map

Contributed capital

84 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate+2

Joint committees (2)

14904
218

Signals

Solid equityPositive 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 14 financial years

	2025		2024		2023		2022		2021		2020		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	54,2 k €	-48.6%	105,4 k €	-0.1%	105,5 k €	-23.0%	137,1 k €	+170%	50,8 k €	-50.6%	102,8 k €	-20.7%	129,5 k €	-7.3%	139,8 k €	+3.3%	135,3 k €	+18.0%	114,7 k €	-3.7%	119,1 k €	-6.4%	127,2 k €	-13.5%	147,1 k €	-7.6%	159,3 k €
EBITDA	29,3 k €	-63.5%	80,2 k €	+3.6%	77,4 k €	-17.1%	93,4 k €	+191%	32,1 k €	-55.9%	72,7 k €	-8.8%	79,8 k €	-12.7%	91,4 k €	+5.1%	87 k €	+32.0%	65,9 k €	+14.8%	57,4 k €	-18.5%	70,4 k €	-17.8%	85,6 k €	-16.3%	102,3 k €
Operating result	3,7 k €	-93.0%	53,4 k €	+10.0%	48,5 k €	-12.4%	55,4 k €	+482%	-14,5 k €	-153%	27,2 k €	+163%	10,3 k €	-64.8%	29,4 k €	+20.6%	24,4 k €	+160%	9,4 k €	+83.9%	5,1 k €	-70.5%	17,3 k €	+13.1%	15,3 k €	-51.2%	31,3 k €
Net result	-7,2 k €	-123%	31,5 k €	+0.6%	31,3 k €	-29.9%	44,6 k €	+297%	-22,7 k €	-276%	12,9 k €	+88.4%	6,8 k €	-52.7%	14,4 k €	+82.5%	7,9 k €	+48.2%	5,3 k €	+303%	-2,6 k €	-179%	3,3 k €	+253%	946,5 €	-90.7%	10,2 k €
Balance sheet
Equity	242,2 k €	-3.5%	251,1 k €	+13.4%	221,3 k €	+15.5%	191,7 k €	+29.0%	148,6 k €	-14.0%	172,9 k €	+36.8%	126,4 k €	+5.7%	119,5 k €	+13.7%	105,1 k €	+8.1%	97,2 k €	+5.8%	91,9 k €	-2.8%	94,5 k €	+3.7%	91,2 k €	+1.0%	90,2 k €
Total assets	338,3 k €	-8.3%	368,9 k €	-3.4%	381,9 k €	-9.7%	423,1 k €	-6.7%	453,5 k €	-11.6%	513 k €	-15.0%	603,7 k €	-9.0%	663,4 k €	-8.8%	727,4 k €	+193%	248,3 k €	+39.8%	177,6 k €	-20.9%	224,7 k €	-9.8%	249,1 k €	-20.2%	312,1 k €
Cash	117,5 €	-99.4%	18,2 k €	+231%	5,5 k €	-69.2%	17,9 k €	+123%	8 k €	-69.9%	26,6 k €	+141804%	18,8 €	-99.8%	10 k €	+12.4%	8,9 k €	+47.1%	6,1 k €	+33.9%	4,5 k €	-29.3%	6,4 k €	+8.2%	5,9 k €	-35.5%	9,2 k €
Debts	96,1 k €	-16.7%	115,4 k €	-28.2%	160,6 k €	-30.6%	231,5 k €	-24.1%	304,9 k €	-8.6%	333,5 k €	-30.1%	477,4 k €	-11.5%	539,3 k €	-12.7%	617,7 k €	+309%	151,1 k €	+76.1%	85,8 k €	-34.1%	130,2 k €	-17.6%	157,9 k €	-28.8%	221,9 k €
Other
Workforce	–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Catharina De Waal

Director

Active

Matheus Gerardus Maria Van Geelkerken

Director

Active

Ended mandates

Catharina De Waal

Manager · since 01 avril 2012

Ended

Catharina De Waal

Manager

Ended

Matheus Gerardus Maria Van Geelkerken

Manager

Ended

Matheus Van Geelkerken

Mandate

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	30/04/2025	27/04/2024	03/03/2023	21/02/2022	31/03/2021
General meeting	12/02/2026	13/02/2025	08/02/2024	12/01/2023	13/01/2022	14/01/2021
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	30/09/2025	12/02/2026	29/04/2026	Dutch	PDF
Micro model	30/09/2024	13/02/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	08/02/2024	27/04/2024	Dutch	PDF
Micro model	30/09/2022	12/01/2023	03/03/2023	Dutch	PDF
Micro model	30/09/2021	13/01/2022	21/02/2022	Dutch	PDF
Micro model	30/09/2020	14/01/2021	31/03/2021	Dutch	PDF
Micro model	30/09/2019	09/01/2020	28/02/2020	Dutch	PDF
Micro model	30/09/2018	10/01/2019	14/03/2019	Dutch	PDF
Micro model	30/09/2017	11/01/2018	06/02/2018	Dutch	PDF
Abridged model	30/09/2016	12/01/2017	24/01/2017	Dutch	PDF
Abridged model	30/09/2015	14/01/2016	15/02/2016	Dutch	PDF
Abridged model	30/09/2014	08/01/2015	29/01/2015	Dutch	PDF
Abridged model	30/09/2013	09/01/2014	11/02/2014	Dutch	PDF
Abridged model	30/09/2012	10/01/2013	07/02/2013	Dutch	PDF
Abridged model	30/09/2011	12/01/2012	27/01/2012	Dutch	PDF
Abridged model	30/09/2010	13/01/2011	27/01/2011	Dutch	PDF
Abridged model	30/09/2009	14/01/2010	18/02/2010	Dutch	PDF
Abridged model	30/09/2008	08/01/2009	04/03/2009	Dutch	PDF
Abridged model	30/09/2007	10/01/2008	03/03/2008	Dutch	PDF
Abridged model	30/09/2006	11/01/2007	09/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 2 active · 4 ended

Active mandates

Catharina De Waal

Director

Active

Matheus Gerardus Maria Van Geelkerken

Director

Active

Ended mandates

Catharina De Waal

Manager · since 01 avril 2012

Ended

Catharina De Waal

Manager

Ended

Matheus Gerardus Maria Van Geelkerken

Manager

Ended

Matheus Van Geelkerken

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/09/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates21/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/03/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office29/01/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/12/2006
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 2025-7,2 k €↓
2024
Annual accounts 202431,5 k €↑
2023
Annual accounts 202331,3 k €↓
2022
Annual accounts 202244,6 k €↑
2021
Annual accounts 2021-22,7 k €↓
2020
Annual accounts 202012,9 k €↑
2017
Annual accounts 20176,8 k €↓
2016
Annual accounts 201614,4 k €↑
2015
Annual accounts 20157,9 k €↑
2014
Annual accounts 20145,3 k €↑
2013
Annual accounts 2013-2,6 k €↓
2012
Annual accounts 20123,3 k €↑
2011
Annual accounts 2011946,5 €↓
2010
Annual accounts 201010,2 k €
06/09/2001
IncorporationPrivate 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

GEWA GAMES

Overview

What does GEWA GAMES do?

Trend over 14 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