ACTIVE

GSA INFRA

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Financial year 2025 · Closed on 30/06/2025

Net result144,7 k €+3 819,2 %over 1 year
Gross margin2,1 M €+37,2 %over 1 year
Equity1,5 M €+10,9 %over 1 year
Workforce26,0 ETP+3,2 %over 1 year

Identity

Source · BCE/KBO

GSA INFRA is a Private limited company incorporated in 2009. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Sint-Niklaas. It employs on average 26,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0812.140.418
Incorporation
08/06/2009
Legal form
Private limited company
Registered office
Europark-Oost 15
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/06/2025
Average workforce
26,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 17 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin2,1 M €1,5 M €1,8 M €964,2 k €2,1 M €
EBITDA257,8 k €84,2 k €131,1 k €76,2 k €170,1 k €
Operating result191,2 k €12,3 k €9,6 k €15,6 k €51,7 k €
Net result144,7 k €3,7 k €2,5 k €322,8 €1,5 k €
Balance sheet
Equity1,5 M €1,3 M €1,3 M €1,3 M €1,3 M €
Total assets3,7 M €2,2 M €2,2 M €3,6 M €3,6 M €
Cash87,9 k €18,7 k €76 k €178,9 k €442,3 k €
Debts2,2 M €915 k €834,4 k €2,3 M €2,2 M €
Other
Workforce26,0 ETP25,2 ETP26,5 ETP31,9 ETP41,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 8 ended

Active mandates

Franciscus Oostveen

Director · since 08 septembre 2020

Active

Ended mandates

C.V.I.

Director · since 08 septembre 2020 · 0872.192.029

Represented by Franciscus Oostveen

Ended
Oner Kurtulus

Director · since 01 juin 2019

Ended
FRANCISCUS OOSTVEEN

Director

Ended
Günay Kurtulus

Manager · until 01 juin 2019

Ended

Other companies at this address

Europark-Oost 15 9100 Sint-Niklaas
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0477.494.376
Cas-Vos Drilling● Active
0473.700.389
GGW● Active
0781.408.640
REMBRI● Active
0896.285.740
REMELCO● Active
0475.523.791
THE BRICON LOFT● Active
0836.632.225
TM PowerforAll● Active
1009.060.415
VCCAV● Active
1011.372.775

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/01/202201/01/202101/01/2020
Closing of the financial year30/06/202530/06/202430/06/202330/06/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months6 months12 months12 months
Filing date30/01/202629/01/202530/01/202430/01/202317/10/202216/09/2021
General meeting30/12/202527/12/202422/12/202323/12/202217/06/202215/09/2021
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, 17 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202530/12/202530/01/2026DutchPDF
Abridged model30/06/202427/12/202429/01/2025DutchPDF
Abridged model30/06/202322/12/202330/01/2024DutchPDF
Abridged model30/06/202223/12/202230/01/2023DutchPDF
Abridged model31/12/202117/06/202217/10/2022DutchPDF
Abridged modelCorrection31/12/202015/09/202116/09/2021DutchPDF
Abridged model31/12/202018/06/202114/07/2021DutchPDF
Abridged model31/12/201927/08/202001/09/2020DutchPDF
Abridged model31/12/201821/06/201929/08/2019DutchPDF
Abridged model31/12/201719/07/201831/07/2018DutchPDF
Abridged model31/12/201604/07/201705/07/2017DutchPDF
Abridged model31/12/201524/06/201601/07/2016DutchPDF
Abridged model31/12/201419/06/201531/08/2015DutchPDF
Abridged model31/12/201315/08/201428/08/2014DutchPDF
Abridged model31/12/201216/08/201310/09/2013DutchPDF
Abridged model31/12/201115/09/201225/09/2012DutchPDF
Abridged model31/12/201015/07/201105/08/2011DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025

1 active · 8 ended

Active mandates

Franciscus Oostveen

Director · since 08 septembre 2020

Active

Ended mandates

C.V.I.

Director · since 08 septembre 2020 · 0872.192.029

Represented by Franciscus Oostveen

Ended
Oner Kurtulus

Director · since 01 juin 2019

Ended
FRANCISCUS OOSTVEEN

Director

Ended
Günay Kurtulus

Manager · until 01 juin 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office23/06/2022
    WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates28/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/07/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/11/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office15/10/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other10/06/2009
    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 2025144,7 k €↑
  2. 2024
    Annual accounts 20243,7 k €↑
  3. 2023
    Annual accounts 20232,5 k €↑
  4. 2022
    Annual accounts 2022322,8 €↓
  5. 2021
    Annual accounts 20211,5 k €↓
  6. 2020
    Annual accounts 2020149,9 k €↓
  7. 2019
    Annual accounts 2019233,7 k €↑
  8. 2018
    Annual accounts 2018223,3 k €↑
  9. 2017
    Annual accounts 2017162,9 k €↑
  10. 2016
    Annual accounts 201644,4 k €↓
  11. 2015
    Annual accounts 2015165,9 k €↑
  12. 2014
    Annual accounts 201492,2 k €↓
  13. 2013
    Annual accounts 2013773 k €↑
  14. 2012
    Annual accounts 2012137,3 k €↓
  15. 2011
    Annual accounts 2011166,6 k €↓
  16. 2010
    Annual accounts 2010212,8 k €
  17. 08/06/2009
    IncorporationPrivate limited company