ACTIVE

GANTREX

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

5 M €

+49.7% YoY

Revenue

25,7 M €

-2.9% YoY

Equity

15,4 M €

+47.5% YoY

Workforce

36,0 ETP

-3.0% YoY

What does GANTREX do?

GANTREX is a Private limited company incorporated in 2009. Its main activity is: Manufacture of bearings, gears, gearing and driving elements. Its registered office is in Nivelles. It employs on average 36,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0817.646.553

Incorporation

31/07/2009

Legal form

Private limited company

Registered office

Rue du Commerce 19
1400 Nivelles · WallonieSee on map

Contributed capital

208 181,09 €

Latest accounts

31/12/2025

Average workforce

36,0 ETP

Activities (NACE)

28150Manufacture of bearings, gears, gearing and driving elements· main 28150Manufacture of bearings, gears, gearing and driving elements

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	25,7 M €	-2.9%	26,4 M €	+1.8%	25,9 M €	-14.3%	30,3 M €	+18.8%	25,5 M €	-16.1%	30,4 M €	-37.7%	48,8 M €	+15.4%	42,3 M €	+20.3%	35,1 M €	-29.0%	49,5 M €	-1.2%	50,1 M €	+29.0%	38,9 M €	-7.0%	41,8 M €	+15.2%	36,3 M €	+17.2%	30,9 M €	+19.5%	25,9 M €
EBITDA	2,6 M €	+25.2%	2,1 M €	+153%	833,6 k €	+31.8%	632,5 k €	+580%	93 k €	-74.5%	364,7 k €	-87.7%	3 M €	+230%	897,5 k €	-1.2%	908,4 k €	-51.8%	1,9 M €	+125%	838,1 k €	-38.5%	1,4 M €	+35.8%	1 M €	-19.3%	1,2 M €	+213%	397,1 k €	-14.5%	464,6 k €
Operating result	2,3 M €	+16.7%	1,9 M €	+372%	410,4 k €	+5.2%	390 k €	+428%	-118,9 k €	+79.0%	-565,5 k €	-132%	1,7 M €	+233%	522,9 k €	+63.8%	319,2 k €	-76.5%	1,4 M €	+248%	390,1 k €	-65.9%	1,1 M €	+32.8%	860,6 k €	-21.2%	1,1 M €	+226%	334,8 k €	+394%	67,8 k €
Net result	5 M €	+49.7%	3,3 M €	+287%	854,5 k €	+120%	388,2 k €	-78.2%	1,8 M €	+2351%	72,6 k €	-93.1%	1,1 M €	+1483%	66,7 k €	-88.9%	603,4 k €	-48.7%	1,2 M €	+1939%	-63,9 k €	-112%	520,9 k €	+238%	154,2 k €	-65.7%	449,7 k €	+464%	-123,5 k €	+66.4%	-367,8 k €
Balance sheet
Equity	15,4 M €	+47.5%	10,4 M €	+46.5%	7,1 M €	+13.6%	6,3 M €	+6.6%	5,9 M €	+43.5%	4,1 M €	+1.8%	4 M €	+35.6%	3 M €	+2.3%	2,9 M €	+13.8%	2,5 M €	+85.6%	1,4 M €	-4.4%	1,4 M €	+56.8%	916,7 k €	+20.2%	762,4 k €	+144%	312,7 k €	-28.3%	436,2 k €
Total assets	41,8 M €	+8.2%	38,6 M €	+10.0%	35,1 M €	+1.5%	34,6 M €	+3.6%	33,4 M €	-12.3%	38,1 M €	-3.3%	39,5 M €	-8.7%	43,2 M €	+0.2%	43,1 M €	-7.2%	46,4 M €	-0.2%	46,5 M €	+109%	22,2 M €	+14.8%	19,3 M €	+16.5%	16,6 M €	+24.9%	13,3 M €	-1.2%	13,5 M €
Cash	1,3 M €	-23.6%	1,7 M €	+40.4%	1,2 M €	+12.7%	1,1 M €	+201%	366 k €	-72.7%	1,3 M €	-6.8%	1,4 M €	-0.2%	1,4 M €	-29.5%	2 M €	-52.9%	4,3 M €	+471%	761,3 k €	+26.6%	601,6 k €	-12.0%	683,3 k €	+269%	185,4 k €	-56.4%	425,2 k €	+1887%	21,4 k €
Debts	25,8 M €	-6.6%	27,7 M €	+1.0%	27,4 M €	-1.9%	27,9 M €	+2.5%	27,3 M €	-19.1%	33,7 M €	-4.1%	35,1 M €	-12.1%	40 M €	+0.1%	39,9 M €	-8.2%	43,5 M €	-1.5%	44,1 M €	+115%	20,6 M €	+11.9%	18,4 M €	+16.5%	15,8 M €	+22.1%	12,9 M €	+0.1%	12,9 M €
Other
Workforce	36,0 ETP	-3.0%	37,1 ETP	-7.0%	39,9 ETP	-2.0%	40,7 ETP	-13.6%	47,1 ETP	-4.1%	49,1 ETP	+10.1%	44,6 ETP	+4.0%	42,9 ETP	+0.9%	42,5 ETP	+1.0%	42,1 ETP	-7.1%	45,3 ETP	+19.8%	37,8 ETP	+1.3%	37,3 ETP	+6.3%	35,1 ETP	+0.6%	34,9 ETP	-16.3%	41,7 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 · 6 active · 22 ended

Active mandates

JHL MANAGEMENT

Director · since 03 novembre 2025 · until 13 mai 2031 · 1029.607.686

Represented by Bruno Pierobon

Active

9K Capital

Director · since 01 janvier 2024 · until 14 mai 2030 · 1003.236.356

Represented by Maarten Impens

Active

InvesTuring

Director · since 01 janvier 2024 · until 14 mai 2030 · 0747.729.052

Represented by Maarten Meijssen

Active

ITERAR

Director · since 01 janvier 2024 · until 31 octobre 2025 · 0788.815.480

Represented by Arne Louwagie

Active

IGETIS MANAGEMENT

Managing director · since 01 janvier 2023 · until 12 mai 2026 · 0794.740.695

Represented by AXEL BOITEL

Active

XAVIER DEEDENE

Director · since 13 septembre 2019 · until 12 mai 2026

Active

Ended mandates

ITERAR

Director · since 01 janvier 2024 · until 14 mai 2030 · 0788.815.480

Represented by Arne Louwagie

Ended

Arne Louwagie

Director · since 03 mai 2022 · until 02 mai 2028

Ended

Arne Louwagie

Director · since 03 mai 2022

Ended

OLIVIER BLANPAIN

Manager · since 16 septembre 2016 · until 13 septembre 2019

Ended

At this address

Other companies at this address

Company	CBE no.
GANTREX GROUP HOLDING● Active	1009.622.718
HF HOLDING● Active	0464.928.126
LOUISE RAIL MIV● Active	0639.795.667

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	22/05/2026	21/05/2025	20/06/2024	24/05/2023	17/06/2022	13/07/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	22/05/2026	French	PDF
Full model	31/12/2024	13/05/2025	21/05/2025	French	PDF
Full model	31/12/2023	14/05/2024	20/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	24/05/2023	French	PDF
Full model	31/12/2021	10/05/2022	17/06/2022	French	PDF
Full modelCorrection	31/12/2020	11/05/2021	13/07/2021	French	PDF
Full model	31/12/2020	11/05/2021	15/06/2021	French	PDF
Full model	31/12/2019	12/05/2020	31/07/2020	French	PDF
Full model	31/12/2018	14/05/2019	28/06/2019	French	PDF
Full model	31/12/2017	08/05/2018	28/06/2018	French	PDF
Full model	31/12/2016	09/05/2017	22/06/2017	French	PDF
Full model	31/12/2015	14/06/2016	04/07/2016	French	PDF
Full model	31/12/2014	12/05/2015	29/06/2015	French	PDF
Full model	31/12/2013	13/05/2014	26/06/2014	French	PDF
Full model	31/12/2012	14/05/2013	28/06/2013	French	PDF
Full model	31/12/2011	08/05/2012	29/06/2012	French	PDF
Full model	31/12/2010	25/07/2011	26/07/2011	French	PDF
Full modelCorrection	31/12/2009	11/05/2010	23/09/2010	French	PDF
Full model	31/12/2009	11/05/2010	12/08/2010	French	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 · 6 active · 22 ended

Active mandates

JHL MANAGEMENT

Director · since 03 novembre 2025 · until 13 mai 2031 · 1029.607.686

Represented by Bruno Pierobon

Active

9K Capital

Director · since 01 janvier 2024 · until 14 mai 2030 · 1003.236.356

Represented by Maarten Impens

Active

InvesTuring

Director · since 01 janvier 2024 · until 14 mai 2030 · 0747.729.052

Represented by Maarten Meijssen

Active

ITERAR

Director · since 01 janvier 2024 · until 31 octobre 2025 · 0788.815.480

Represented by Arne Louwagie

Active

IGETIS MANAGEMENT

Managing director · since 01 janvier 2023 · until 12 mai 2026 · 0794.740.695

Represented by AXEL BOITEL

Active

XAVIER DEEDENE

Director · since 13 septembre 2019 · until 12 mai 2026

Active

Ended mandates

ITERAR

Director · since 01 janvier 2024 · until 14 mai 2030 · 0788.815.480

Represented by Arne Louwagie

Ended

Arne Louwagie

Director · since 03 mai 2022 · until 02 mai 2028

Ended

Arne Louwagie

Director · since 03 mai 2022

Ended

OLIVIER BLANPAIN

Manager · since 16 septembre 2016 · until 13 septembre 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other09/07/2024
DIVERS
PDF
Mandates05/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2022
DEMISSIONS, NOMINATIONS
PDF
Other18/01/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 20255 M €↑
2024
Annual accounts 20243,3 M €↑
2023
Annual accounts 2023854,5 k €↑
2022
Annual accounts 2022388,2 k €↓
2021
Annual accounts 20211,8 M €↑
2020
Annual accounts 202072,6 k €↓
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 201866,7 k €↓
2017
Annual accounts 2017603,4 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015-63,9 k €↓
2014
Annual accounts 2014520,9 k €↑
2013
Annual accounts 2013154,2 k €↓
2012
Annual accounts 2012449,7 k €↑
2011
Annual accounts 2011-123,5 k €↑
2010
Annual accounts 2010-367,8 k €
31/07/2009
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

GANTREX

Overview

What does GANTREX do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

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