ACTIVE

GIRAMA

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Financial year 2025 · closed on 31/12/2025

Net result

10,1 k €

-57.0% YoY

Gross margin

41,7 k €

-16.7% YoY

Equity

203,8 k €

+5.2% YoY

What does GIRAMA do?

GIRAMA is a Private limited company incorporated in 2002. Its main activity is: Electrical installation. Its registered office is in Maaseik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.629.870

Incorporation

23/10/2002

Legal form

Private limited company

Registered office

Nielerstraat 57
3680 Maaseik · FlandreSee on map

Contributed capital

84 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	41,7 k €	-16.7%	50,1 k €	+226%	15,4 k €	-66.0%	45,3 k €	-4.1%	47,2 k €	-17.3%	57,1 k €	+1554%	3,4 k €	-90.8%	37,6 k €	+28.3%	29,3 k €	-56.5%	67,4 k €	+185%	23,6 k €	-10.7%	26,4 k €	-25.2%	35,4 k €	+29.7%	27,2 k €	+24.8%	21,8 k €
EBITDA	34,5 k €	-20.9%	43,6 k €	+508%	-10,7 k €	-212%	9,5 k €	-69.0%	30,7 k €	-40.9%	52 k €	+4475%	1,1 k €	-96.8%	35,3 k €	+33.1%	26,5 k €	-56.9%	61,6 k €	+211%	19,8 k €	-20.0%	24,7 k €	-22.8%	32 k €	+23.4%	26 k €	+27.8%	20,3 k €
Operating result	11 k €	-57.3%	25,8 k €	+189%	-29,1 k €	-134%	-12,4 k €	-248%	8,4 k €	-53.3%	18 k €	+206%	-16,9 k €	-155%	30,4 k €	+25.3%	24,3 k €	-49.2%	47,8 k €	+646%	6,4 k €	-43.5%	11,4 k €	-40.2%	19 k €	+12.8%	16,8 k €	+26.2%	13,3 k €
Net result	10,1 k €	-57.0%	23,4 k €	+180%	-29,2 k €	-89.5%	-15,4 k €	-301%	7,7 k €	-54.3%	16,7 k €	+194%	-17,8 k €	-161%	29 k €	+11.0%	26,1 k €	-18.6%	32,1 k €	+2275%	1,4 k €	-73.6%	5,1 k €	-62.7%	13,7 k €	-27.8%	19 k €	+189%	6,6 k €
Balance sheet
Equity	203,8 k €	+5.2%	193,7 k €	+13.7%	170,4 k €	-14.6%	199,6 k €	-7.2%	215 k €	+3.7%	207,3 k €	+8.8%	190,6 k €	+21.4%	157,1 k €	+16.0%	135,3 k €	+23.9%	109,2 k €	+41.7%	77,1 k €	-26.7%	105,1 k €	+12.1%	93,8 k €	+17.1%	80,1 k €	+31.0%	61,2 k €
Total assets	503,3 k €	+13.5%	443,4 k €	-0.7%	446,6 k €	-10.8%	500,8 k €	-5.7%	531,1 k €	+8.6%	489,3 k €	-4.5%	512,2 k €	+123%	230,1 k €	+7.2%	214,6 k €	-10.5%	239,8 k €	+56.2%	153,5 k €	-13.6%	177,6 k €	+5.4%	168,5 k €	+37.6%	122,5 k €	+24.0%	98,7 k €
Cash	7,7 k €	+64.2%	4,7 k €	-54.9%	10,4 k €	-9.6%	11,5 k €	-28.7%	16,1 k €	+534%	2,5 k €	-85.4%	17,4 k €	+3.8%	16,8 k €	-64.5%	47,4 k €	+13.0%	41,9 k €	+108%	20,2 k €	+30.6%	15,4 k €	-69.9%	51,2 k €	+46.3%	35 k €	-42.2%	60,6 k €
Debts	299,4 k €	+19.9%	249,6 k €	-9.6%	276,2 k €	-8.3%	301,2 k €	-4.7%	316,1 k €	+12.1%	281,9 k €	-12.4%	321,7 k €	+341%	73 k €	-7.8%	79,2 k €	-39.3%	130,6 k €	+70.9%	76,4 k €	+5.5%	72,5 k €	-3.0%	74,7 k €	+76.6%	42,3 k €	+12.7%	37,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,1 ETP		–		0,3 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 · 2 active · 5 ended

Active mandates

Gilles Brands

Director

Active

Rafaël Brands

Director

Active

Ended mandates

Gilles Brands

Manager · since 11 octobre 2013

Ended

Rafaël Brands

Manager · since 21 octobre 2002

Ended

Gilles Brands

Manager

Ended

Raf Brands

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	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	04/08/2025	26/07/2024	25/07/2023	31/07/2022	30/06/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	18/06/2025	04/08/2025	Dutch	PDF
Micro model	31/12/2023	19/06/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	21/06/2023	25/07/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	31/07/2022	Dutch	PDF
Micro model	31/12/2020	16/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	13/08/2020	Dutch	PDF
Micro model	31/12/2018	19/06/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	06/07/2018	Dutch	PDF
Micro model	31/12/2016	21/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	26/09/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	17/10/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	15/12/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	07/12/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	27/12/2007	Dutch	PDF

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 · 2 active · 5 ended

Active mandates

Gilles Brands

Director

Active

Rafaël Brands

Director

Active

Ended mandates

Gilles Brands

Manager · since 11 octobre 2013

Ended

Rafaël Brands

Manager · since 21 octobre 2002

Ended

Gilles Brands

Manager

Ended

Raf Brands

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other30/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 202510,1 k €↓
2024
Annual accounts 202423,4 k €↑
2023
Annual accounts 2023-29,2 k €↓
2022
Annual accounts 2022-15,4 k €↓
2021
Annual accounts 20217,7 k €↓
2020
Annual accounts 202016,7 k €↑
2019
Annual accounts 2019-17,8 k €↓
2013
Annual accounts 201329 k €↑
2012
Annual accounts 201226,1 k €↓
2011
Annual accounts 201132,1 k €↑
2010
Annual accounts 20101,4 k €↓
2009
Annual accounts 20095,1 k €↓
2008
Annual accounts 200813,7 k €↓
2007
Annual accounts 200719 k €↑
2006
Annual accounts 20066,6 k €
23/10/2002
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

GIRAMA

Overview

What does GIRAMA do?

Trend over 15 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