ACTIVE

GAPWORKS

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Financial year 2025 · closed on 31/12/2025
Net result
2,1 k €
+105.6% YoY
Gross margin
134,1 k €
+74.6% YoY
Equity
324,4 k €
+0.6% YoY
Workforce
1,6 ETP
-5.9% YoY

What does GAPWORKS do?

GAPWORKS is a Private limited company incorporated in 2009. Its registered office is in Maldegem. It employs on average 1,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0809.842.409
Incorporation
16/02/2009
Legal form
Private limited company
Registered office
Victor De Lillelaan 9
9990 Maldegem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
1,6 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin134,1 k €76,8 k €74,8 k €32,0 k €115,8 k €166,7 k €216,5 k €130,0 k €88,6 k €185,5 k €123,8 k €158,6 k €71,5 k €63,2 k €31,9 k €-30,1 k €-28,2 k €
EBITDA15,6 k €-31,2 k €-31,5 k €-66,6 k €22,0 k €73,7 k €125,9 k €46,9 k €18,5 k €132,3 k €83,7 k €155,8 k €70,0 k €61,6 k €31,7 k €-30,2 k €-28,2 k €
Operating result2,5 k €-36,4 k €-34,1 k €-69,0 k €16,8 k €67,9 k €120,7 k €42,1 k €13,4 k €128,7 k €77,8 k €149,6 k €64,0 k €55,7 k €30,9 k €-30,9 k €-29,5 k €
Net result2,1 k €-37,1 k €-33,5 k €-70,5 k €10,0 k €46,1 k €84,0 k €28,4 k €4,7 k €77,8 k €42,0 k €90,2 k €38,5 k €53,1 k €30,7 k €-31,1 k €-29,5 k €
Balance sheet
Equity324,4 k €322,3 k €359,4 k €392,9 k €463,3 k €453,3 k €407,2 k €323,2 k €294,9 k €290,1 k €212,3 k €170,3 k €80,2 k €41,7 k €-11,4 k €-42,0 k €-10,9 k €
Total assets386,2 k €375,0 k €421,7 k €440,0 k €563,9 k €552,9 k €495,1 k €398,0 k €340,2 k €411,7 k €276,3 k €275,1 k €120,4 k €111,3 k €75,6 k €9,7 k €16,8 k €
Cash149,3 k €128,2 k €202,9 k €283,6 k €328,0 k €318,5 k €220,1 k €105,4 k €166,2 k €195,3 k €121,1 k €73,9 k €30,4 k €29,8 k €13,3 k €5,9 k €13,3 k €
Debts61,8 k €52,7 k €62,3 k €47,1 k €100,6 k €99,6 k €87,9 k €74,8 k €45,4 k €121,5 k €64,0 k €104,7 k €40,3 k €69,6 k €87,0 k €51,8 k €27,7 k €
Other
Workforce1,6 ETP1,7 ETP1,4 ETP–––––––1,0 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 31/12/2025 · 1 active · 4 ended

Active mandates

Philip De Neve

Director

Active

Ended mandates

Christianne Lampaert

Director · since 01 janvier 2020

Ended
Philip De Neve

Director · since 01 janvier 2020

Ended
CHRISTIANNE LAMPAERT

Mandate

Ended
PHILIP DENEVE

Mandate

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro 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 date30/06/202627/08/202508/10/202408/08/202310/08/202226/08/2021
General meeting19/06/202618/08/202531/08/202416/06/202318/06/202218/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202630/06/2026DutchPDF
Abridged model31/12/202418/08/202527/08/2025DutchPDF
Abridged model31/12/202331/08/202408/10/2024DutchPDF
Micro model31/12/202216/06/202308/08/2023DutchPDF
Micro model31/12/202118/06/202210/08/2022DutchPDF
Micro model31/12/202018/06/202126/08/2021DutchPDF
Micro model31/12/201919/06/202021/08/2020DutchPDF
Micro model31/12/201821/06/201931/07/2019DutchPDF
Micro model31/12/201715/06/201827/07/2018DutchPDF
Micro model31/12/201616/06/201718/08/2017DutchPDF
Abridged model31/12/201517/06/201627/08/2016DutchPDF
Abridged model31/12/201419/06/201514/08/2015DutchPDF
Abridged model31/12/201320/06/201418/08/2014DutchPDF
Abridged model31/12/201221/06/201319/08/2013DutchPDF
Abridged model31/12/201115/06/201227/08/2012DutchPDF
Abridged model31/12/201017/06/201116/08/2011DutchPDF
Abridged model31/12/200918/06/201016/08/2010DutchPDF
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 31/12/2025 · 1 active · 4 ended

Active mandates

Philip De Neve

Director

Active

Ended mandates

Christianne Lampaert

Director · since 01 janvier 2020

Ended
Philip De Neve

Director · since 01 janvier 2020

Ended
CHRISTIANNE LAMPAERT

Mandate

Ended
PHILIP DENEVE

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/04/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other25/02/2009
    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

Timeline

  1. 2025
    Annual accounts 20252,1 k €↑
  2. 2024
    Annual accounts 2024-37,1 k €↓
  3. 2023
    Annual accounts 2023-33,5 k €↑
  4. 2022
    Annual accounts 2022-70,5 k €↓
  5. 2021
    Annual accounts 202110,0 k €↓
  6. 2020
    Annual accounts 202046,1 k €↓
  7. 2019
    Annual accounts 201984,0 k €↑
  8. 2018
    Annual accounts 201828,4 k €↑
  9. 2017
    Annual accounts 20174,7 k €↓
  10. 2016
    Annual accounts 201677,8 k €↑
  11. 2015
    Annual accounts 201542,0 k €↓
  12. 2014
    Annual accounts 201490,2 k €↑
  13. 2013
    Annual accounts 201338,5 k €↓
  14. 2012
    Annual accounts 201253,1 k €↑
  15. 2011
    Annual accounts 201130,7 k €↑
  16. 2010
    Annual accounts 2010-31,1 k €↓
  17. 2009
    Annual accounts 2009-29,5 k €
  18. 16/02/2009
    IncorporationPrivate limited company