ACTIVE

GESFORM

Financial year 2025 · closed on 31/12/2025
Net result
275,6 k €
+17.0% YoY
Gross margin
870 k €
+16.8% YoY
Equity
156,3 k €
+29.5% YoY
Workforce
7,0 ETP
+79.5% YoY

What does GESFORM do?

GESFORM is a Public limited company incorporated in 2002. Its main activity is: Fitness facilities. Its registered office is in Blégny. It employs on average 7,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0476.627.217
Incorporation
11/01/2002
Legal form
Public limited company
Registered office
Rue Légipont 11
4671 Blégny · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
7,0 ETP
Joint committees (1)
  • 314
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin870 k €745 k €581,6 k €421,5 k €172,7 k €253,4 k €199,4 k €217,8 k €223 k €192,3 k €163,9 k €194,9 k €212,5 k €169,3 k €208,3 k €196,9 k €261,3 k €248,6 k €267,5 k €222,7 k €
EBITDA439,5 k €397,4 k €292,6 k €169,1 k €37,8 k €112,1 k €50,3 k €87,7 k €115,2 k €91,4 k €58,1 k €102,4 k €144,6 k €92,8 k €123,8 k €123,5 k €196,5 k €179,6 k €210,4 k €178,8 k €
Operating result374,9 k €302 k €193,4 k €72,1 k €-103,9 k €-26,4 k €-41,2 k €-9 k €18,5 k €30,2 k €-30,5 k €14,9 k €48,1 k €14,4 k €28,8 k €48,5 k €117,6 k €93,8 k €137,8 k €66,3 k €
Net result275,6 k €235,5 k €182,8 k €60,7 k €-110,5 k €-32,3 k €-46,8 k €-14,1 k €12,2 k €21 k €-41,4 k €158,4 k €25,9 k €-6,5 k €3,7 k €29,2 k €57,5 k €40,8 k €97,1 k €22,1 k €
Balance sheet
Equity156,3 k €120,7 k €115,1 k €-17,7 k €-78,3 k €32,1 k €64,4 k €111,2 k €187,7 k €175,6 k €154,6 k €195,9 k €274,5 k €248,7 k €255,2 k €251,4 k €251,3 k €193,8 k €153 k €85,9 k €
Total assets967 k €932,6 k €792,6 k €579,6 k €409,4 k €539,2 k €611,9 k €411,9 k €493,9 k €360,1 k €433,4 k €826,6 k €730,7 k €768,1 k €846,7 k €844,9 k €889,8 k €851,2 k €899,8 k €873,5 k €
Cash532,2 k €520,1 k €294,2 k €163,7 k €48,7 k €59,5 k €54,5 k €26 k €26,3 k €12,9 k €13,8 k €58,4 k €109,1 k €81,1 k €86,5 k €30,6 k €86,6 k €122,2 k €123,1 k €58,3 k €
Debts808,8 k €811,4 k €677,3 k €597,1 k €487,4 k €506,9 k €547,2 k €300,5 k €306 k €184,5 k €278,7 k €630,5 k €455,8 k €519 k €591,2 k €593,3 k €638,3 k €657,1 k €746,4 k €787,4 k €
Other
Workforce7,0 ETP3,9 ETP3,6 ETP3,6 ETP3,1 ETP3,1 ETP1,9 ETP1,4 ETP1,6 ETP1,8 ETP3,1 ETP2,6 ETP2,0 ETP1,8 ETP1,9 ETP1,5 ETP
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 · 2 active · 45 ended

Active mandates

INVESFIT

Managing director · since 03 novembre 2025 · 0553.666.892

Represented by Guillaume Nicolas Erpicum

Active
G. ERPICUM Management

Managing director · until 03 novembre 2025 · 0893.713.755

Active

Ended mandates

Philippe Gérard

Director · since 12 juin 2014 · until 31 mai 2020

Ended
G. ERPICUM Management

Managing director · since 11 juin 2014 · until 11 juin 2020 · 0893.713.755

Represented by Guillaume ERPICUM

Ended
G. ERPICUM Management

Managing director · since 11 juin 2014 · until 11 juin 2020 · 0893.713.755

Represented by Guillaume Nicolas L Erpicum

Ended
Guillaume ERPICUM

Director · since 11 juin 2014 · until 31 mai 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
invesfitActive
0649.943.352
INVESFITActive
0553.666.892
SEDEGActive
0811.933.649
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/07/202618/08/202502/07/202430/08/202318/08/202218/08/2021
General meeting24/06/202625/07/202521/06/202430/06/202330/06/202230/06/2021
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
Abridged model31/12/202524/06/202617/07/2026FrenchPDF
Abridged model31/12/202425/07/202518/08/2025FrenchPDF
Abridged model31/12/202321/06/202402/07/2024FrenchPDF
Abridged model31/12/202230/06/202330/08/2023FrenchPDF
Abridged model31/12/202130/06/202218/08/2022FrenchPDF
Abridged model31/12/202030/06/202118/08/2021FrenchPDF
Micro model31/12/201929/05/202027/08/2020FrenchPDF
Micro model31/12/201821/06/201915/07/2019FrenchPDF
Micro model31/12/201725/05/201828/06/2018FrenchPDF
Micro model31/12/201628/06/201713/07/2017FrenchPDF
Abridged model31/12/201527/05/201619/08/2016FrenchPDF
Abridged model31/12/201406/05/201509/06/2015FrenchPDF
Abridged model31/12/201312/06/201411/07/2014FrenchPDF
Abridged model31/12/201230/05/201329/08/2013FrenchPDF
Abridged model31/12/201123/04/201214/05/2012FrenchPDF
Abridged model31/12/201019/05/201125/05/2011FrenchPDF
Abridged model31/12/200906/05/201004/06/2010FrenchPDF
Abridged model31/12/200811/05/200919/05/2009FrenchPDF
Abridged model31/12/200719/05/200828/05/2008FrenchPDF
Abridged model31/12/200615/05/200712/06/2007FrenchPDF
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 · 2 active · 45 ended

Active mandates

INVESFIT

Managing director · since 03 novembre 2025 · 0553.666.892

Represented by Guillaume Nicolas Erpicum

Active
G. ERPICUM Management

Managing director · until 03 novembre 2025 · 0893.713.755

Active

Ended mandates

Philippe Gérard

Director · since 12 juin 2014 · until 31 mai 2020

Ended
G. ERPICUM Management

Managing director · since 11 juin 2014 · until 11 juin 2020 · 0893.713.755

Represented by Guillaume ERPICUM

Ended
G. ERPICUM Management

Managing director · since 11 juin 2014 · until 11 juin 2020 · 0893.713.755

Represented by Guillaume Nicolas L Erpicum

Ended
Guillaume ERPICUM

Director · since 11 juin 2014 · until 31 mai 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/11/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Other30/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates10/09/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares11/09/2018
    CAPITAL, ACTIONS
    PDF
  • Registered office11/07/2014
    SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/01/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/06/2013
    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

Timeline

  1. 2025
    Annual accounts 2025275,6 k €
  2. 2024
    Annual accounts 2024235,5 k €
  3. 2023
    Annual accounts 2023182,8 k €
  4. 2022
    Annual accounts 202260,7 k €
  5. 2021
    Annual accounts 2021-110,5 k €
  6. 2020
    Annual accounts 2020-32,3 k €
  7. 2019
    Annual accounts 2019-46,8 k €
  8. 2018
    Annual accounts 2018-14,1 k €
  9. 2017
    Annual accounts 201712,2 k €
  10. 2016
    Annual accounts 201621 k €
  11. 2015
    Annual accounts 2015-41,4 k €
  12. 2014
    Annual accounts 2014158,4 k €
  13. 2013
    Annual accounts 201325,9 k €
  14. 2012
    Annual accounts 2012-6,5 k €
  15. 2011
    Annual accounts 20113,7 k €
  16. 2010
    Annual accounts 201029,2 k €
  17. 2009
    Annual accounts 200957,5 k €
  18. 2008
    Annual accounts 200840,8 k €
  19. 2007
    Annual accounts 200797,1 k €
  20. 2006
    Annual accounts 200622,1 k €
  21. 11/01/2002
    IncorporationPublic limited company