ACTIVE

Giltec Plus

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Financial year 2025 · closed on 30/06/2025

Net result

24 k €

+9.9% YoY

Gross margin

34,1 k €

+10.7% YoY

Equity

31,1 k €

-16.2% YoY

What does Giltec Plus do?

Giltec Plus is a Private limited company incorporated in 2010. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Oostkamp.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.072.172

Incorporation

12/07/2010

Legal form

Private limited company

Registered office

Nieuwenhovelaan 23
8020 Oostkamp · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

46641Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46691Wholesale of other machinery and equipment 47610Retail sale of books in specialised stores 47610Retail sale of books in specialised stores 47690Retail sale of cultural and recreation goods in specialised stores 47742Retail sale of medical and orthopaedic goods in specialised stores+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	34,1 k €	+10.7%	30,8 k €	-64.5%	86,8 k €	+93.6%	44,8 k €	+26.1%	35,5 k €	+295%	9 k €	+224%	-7,3 k €	-264%	4,4 k €	-68.8%	14,2 k €	-70.4%	48 k €	+794%	5,4 k €	+2.4%	5,2 k €
EBITDA	33,9 k €	+10.7%	30,6 k €	-64.6%	86,6 k €	+94.0%	44,6 k €	+26.3%	35,4 k €	+293%	9 k €	+222%	-7,4 k €	-270%	4,3 k €	-69.3%	14,1 k €	-70.6%	47,9 k €	+810%	5,3 k €	+4.4%	5 k €
Operating result	32,9 k €	+11.9%	29,4 k €	-64.8%	83,4 k €	+101%	41,4 k €	+27.3%	32,5 k €	+316%	7,8 k €	+194%	-8,3 k €	-325%	3,7 k €	-72.3%	13,4 k €	-71.5%	47 k €	+979%	4,4 k €	+0.6%	4,3 k €
Net result	24 k €	+9.9%	21,8 k €	-63.7%	60 k €	+99.6%	30 k €	+33.0%	22,6 k €	+201%	7,5 k €	+187%	-8,6 k €	-536%	2 k €	-76.9%	8,5 k €	-72.5%	31 k €	+927%	3 k €	+5.5%	2,9 k €
Balance sheet
Equity	31,1 k €	-16.2%	37,2 k €	+5.1%	35,4 k €	-0.1%	35,4 k €	-45.8%	65,4 k €	+4.1%	62,8 k €	+13.6%	55,3 k €	-13.4%	63,9 k €	+3.2%	61,9 k €	+16.0%	53,4 k €	+64.7%	32,4 k €	+10.3%	29,4 k €
Total assets	63,9 k €	+11.4%	57,4 k €	-42.3%	99,4 k €	-13.7%	115,2 k €	+22.0%	94,4 k €	+45.0%	65,1 k €	+14.4%	56,9 k €	-36.5%	89,6 k €	+40.5%	63,8 k €	-34.4%	97,2 k €	-26.0%	131,4 k €	+117%	60,6 k €
Cash	3,2 k €	-67.7%	9,9 k €	-60.2%	24,7 k €	-61.1%	63,7 k €	+7.1%	59,4 k €	+29.9%	45,8 k €	+7.8%	42,4 k €	+11.1%	38,2 k €	-20.0%	47,8 k €	-14.7%	56 k €	-27.4%	77,1 k €	+50.4%	51,3 k €
Debts	32,8 k €	+62.3%	20,2 k €	-68.4%	64 k €	-19.8%	79,8 k €	+175%	29 k €	+1164%	2,3 k €	+45.9%	1,6 k €	-93.9%	25,8 k €	+1261%	1,9 k €	-95.7%	43,8 k €	-10.5%	49 k €	+57.2%	31,2 k €

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 30/06/2025 · 2 active · 4 ended

Active mandates

Louis Gielen

Director · since 17 décembre 2013

Active

Varunee Nantachai

Director · since 17 décembre 2013

Active

Ended mandates

Louis Gielen

Director

Ended

Louis Gielen

Manager

Ended

Varunee Nantachai

Director

Ended

Varunee Nantachai

Manager

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/01/2026	09/01/2025	19/12/2023	03/01/2023	13/01/2022	15/12/2020
General meeting	31/12/2025	13/12/2024	08/12/2023	15/12/2022	15/12/2021	01/12/2020
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	16/01/2026	Dutch	PDF
Micro model	30/06/2024	13/12/2024	09/01/2025	Dutch	PDF
Micro model	30/06/2023	08/12/2023	19/12/2023	Dutch	PDF
Micro model	30/06/2022	15/12/2022	03/01/2023	Dutch	PDF
Micro model	30/06/2021	15/12/2021	13/01/2022	Dutch	PDF
Micro model	30/06/2020	01/12/2020	15/12/2020	Dutch	PDF
Micro model	30/06/2019	19/10/2019	31/10/2019	Dutch	PDF
Micro model	30/06/2018	29/09/2018	26/10/2018	Dutch	PDF
Micro model	30/06/2017	30/09/2017	25/10/2017	Dutch	PDF
Abridged model	30/06/2016	24/09/2016	30/09/2016	Dutch	PDF
Abridged model	30/06/2015	26/09/2015	23/10/2015	Dutch	PDF
Abridged model	30/06/2014	27/09/2014	27/10/2014	Dutch	PDF

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 30/06/2025 · 2 active · 4 ended

Active mandates

Louis Gielen

Director · since 17 décembre 2013

Active

Varunee Nantachai

Director · since 17 décembre 2013

Active

Ended mandates

Louis Gielen

Director

Ended

Louis Gielen

Manager

Ended

Varunee Nantachai

Director

Ended

Varunee Nantachai

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares26/09/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other05/08/2010
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

2025
Annual accounts 202524 k €↑
2024
Annual accounts 202421,8 k €↓
2023
Annual accounts 202360 k €↑
2022
Annual accounts 202230 k €↑
2021
Annual accounts 202122,6 k €↑
2020
Annual accounts 20207,5 k €↑
2019
Annual accounts 2019-8,6 k €↓
2018
Annual accounts 20182 k €↓
2017
Annual accounts 20178,5 k €↓
2016
Annual accounts 201631 k €↑
2015
Annual accounts 20153 k €↑
2014
Annual accounts 20142,9 k €
12/07/2010
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

Giltec Plus

Overview

What does Giltec Plus do?

Trend over 12 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