ACTIVE

GTS North West Europe

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Financial year 2025 · Closed on 31/12/2025

Net result1 M €+52,3 %over 1 year
Gross margin1,7 M €+39,8 %over 1 year
Equity3,7 M €+27,1 %over 1 year
Workforce1,9 ETP-9,5 %over 1 year

Identity

Source · BCE/KBO

GTS North West Europe is a Private limited company incorporated in 2015. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Geraardsbergen. It employs on average 1,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0644.783.645
Incorporation
22/12/2015
Legal form
Private limited company
Registered office
Diebeke(Sch) 35
9500 Geraardsbergen · Flandre
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Joint committees (1)
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 10 filings

Trend over 10 financial years

20252024202320222021
Income statement
Gross margin1,7 M €1,2 M €1,4 M €740,6 k €258,9 k €
EBITDA1,5 M €1 M €1,2 M €579,4 k €165,6 k €
Operating result1,4 M €924,1 k €1,1 M €512,8 k €99,1 k €
Net result1 M €675,2 k €780,1 k €365,3 k €67,2 k €
Balance sheet
Equity3,7 M €2,9 M €2,2 M €1,4 M €1,1 M €
Total assets4,4 M €3,6 M €3,5 M €2,8 M €2,2 M €
Cash1,7 M €1,3 M €1,1 M €889,6 k €535,9 k €
Debts759 k €646,5 k €1,2 M €1,3 M €1,1 M €
Other
Workforce1,9 ETP2,1 ETP2,0 ETP1,7 ETP1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Frédéric Godin

Director · since 22 décembre 2015

Active

Ended mandates

Frédéric Godin

Manager · since 22 décembre 2015

Ended

Other companies at this address

Diebeke(Sch) 35 9500 Geraardsbergen
CompanyCBE no.
DOCKLAND● Active
0645.572.810
GAS FILLING & STORAGE● Active
1026.168.443
GFS● Active
0425.161.292

Full financial information

Source · NBB
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 date29/07/202601/08/202530/07/202411/08/202304/08/202213/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202629/07/2026DutchPDF
Abridged model31/12/202427/06/202501/08/2025DutchPDF
Abridged model31/12/202328/06/202430/07/2024DutchPDF
Abridged model31/12/202230/06/202311/08/2023DutchPDF
Abridged model31/12/202124/06/202204/08/2022DutchPDF
Abridged model31/12/202025/06/202113/08/2021DutchPDF
Abridged model31/12/201926/06/202030/07/2020DutchPDF
Abridged model31/12/201828/06/201902/07/2019DutchPDF
Abridged model31/12/201729/06/201809/07/2018DutchPDF
Abridged model31/12/201630/06/201704/07/2017DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Frédéric Godin

Director · since 22 décembre 2015

Active

Ended mandates

Frédéric Godin

Manager · since 22 décembre 2015

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/04/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/05/2016
    MAATSCHAPPELIJKE ZETEL - DIVERSEN
    PDF
  • Other24/12/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 20251 M €↑
  2. 2024
    Annual accounts 2024675,2 k €↓
  3. 2023
    Annual accounts 2023780,1 k €↑
  4. 2022
    Annual accounts 2022365,3 k €↑
  5. 2021
    Annual accounts 202167,2 k €↓
  6. 2020
    Annual accounts 2020205 k €↓
  7. 2019
    Annual accounts 2019345,9 k €↓
  8. 2018
    Annual accounts 2018439,1 k €↑
  9. 2017
    Annual accounts 201764,6 k €↑
  10. 2016
    Annual accounts 2016-168 k €
  11. 22/12/2015
    IncorporationPrivate limited company