ACTIVE

GECAFIN

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Financial year 2025 · closed on 31/12/2025

Net result

214,3 k €

+60.0% YoY

Gross margin

500,4 k €

+32.0% YoY

Equity

553,9 k €

+5.6% YoY

What does GECAFIN do?

GECAFIN is a Private limited company incorporated in 2016. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Saint-Josse-ten-Noode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0668.535.084

Incorporation

28/12/2016

Legal form

Private limited company

Registered office

Rue de la Commune 68
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	500,4 k €	+32.0%	379,2 k €	+3.9%	365 k €	+48.6%	245,6 k €	-11.0%	275,8 k €	+21.4%	227,3 k €	+70.1%	133,6 k €	+14.5%	116,7 k €	+195%	39,5 k €
EBITDA	379,9 k €	+35.1%	281,1 k €	+0.8%	279 k €	+51.6%	184 k €	-4.4%	192,5 k €	+5.3%	182,8 k €	+100%	91,2 k €	+7.6%	84,7 k €	+223%	26,2 k €
Operating result	303,5 k €	+52.0%	199,6 k €	+7.7%	185,3 k €	+69.4%	109,4 k €	-17.1%	132 k €	-4.7%	138,6 k €	+82.5%	75,9 k €	-8.2%	82,7 k €	+225%	25,4 k €
Net result	214,3 k €	+60.0%	134 k €	+20.7%	111 k €	+56.1%	71,1 k €	-18.4%	87,2 k €	-4.5%	91,2 k €	+59.7%	57,1 k €	-8.8%	62,6 k €	+240%	18,4 k €
Balance sheet
Equity	553,9 k €	+5.6%	524,3 k €	+34.3%	390,3 k €	+39.8%	279,3 k €	+4.6%	266,9 k €	+9.6%	243,6 k €	+59.9%	152,4 k €	+60.0%	95,2 k €	+192%	32,6 k €
Total assets	1 M €	+22.3%	842,3 k €	+8.2%	778,7 k €	+15.7%	673 k €	+19.3%	564,1 k €	+21.5%	464,1 k €	+89.9%	244,4 k €	+77.5%	137,7 k €	+183%	48,6 k €
Cash	562 k €	+37.9%	407,7 k €	+26.9%	321,2 k €	+48.5%	216,2 k €	-11.9%	245,4 k €	+12.4%	218,2 k €	+85.2%	117,8 k €	+8.5%	108,6 k €	+167%	40,7 k €
Debts	476,1 k €	+49.7%	318 k €	-18.1%	388,4 k €	-1.4%	393,8 k €	+32.5%	297,2 k €	+34.7%	220,6 k €	+142%	91,1 k €	+120%	41,4 k €	+159%	16 k €

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 · 8 ended

Active mandates

CIGDEM CELIK

Director · since 01 janvier 2025 · until 31 décembre 2025

Active

GULCAN BULDUK

Director · since 01 janvier 2025 · until 31 décembre 2025

Active

Ended mandates

CIGDEM CELIK

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

GULCAN BULDUK

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

CIGDEM CELIK

Director · since 01 janvier 2023 · until 31 décembre 2023

Ended

GULCAN BULDUK

Director · since 01 janvier 2023 · until 31 décembre 2023

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	30/06/2026	01/07/2025	02/07/2024	10/07/2023	19/07/2022	06/07/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	16/06/2025	01/07/2025	French	PDF
Micro model	31/12/2023	17/06/2024	02/07/2024	French	PDF
Micro model	31/12/2022	19/06/2023	10/07/2023	French	PDF
Micro model	31/12/2021	20/06/2022	19/07/2022	French	PDF
Micro model	31/12/2020	21/06/2021	06/07/2021	French	PDF
Abridged model	31/12/2019	15/06/2020	25/09/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	27/09/2019	French	PDF
Abridged model	31/12/2017	18/06/2018	09/07/2018	French	PDF

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 · 8 ended

Active mandates

CIGDEM CELIK

Director · since 01 janvier 2025 · until 31 décembre 2025

Active

GULCAN BULDUK

Director · since 01 janvier 2025 · until 31 décembre 2025

Active

Ended mandates

CIGDEM CELIK

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

GULCAN BULDUK

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

CIGDEM CELIK

Director · since 01 janvier 2023 · until 31 décembre 2023

Ended

GULCAN BULDUK

Director · since 01 janvier 2023 · until 31 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/07/2026
—
PDF
Mandates14/10/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/02/2017
DEMISSIONS, NOMINATIONS
PDF
Other30/12/2016
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025214,3 k €↑
2024
Annual accounts 2024134 k €↑
2023
Annual accounts 2023111 k €↑
2022
Annual accounts 202271,1 k €↓
2021
Annual accounts 202187,2 k €↓
2020
Annual accounts 202091,2 k €↑
2019
Annual accounts 201957,1 k €↓
2018
Annual accounts 201862,6 k €↑
2017
Annual accounts 201718,4 k €
28/12/2016
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

GECAFIN

Overview

What does GECAFIN do?

Trend over 9 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