ACTIVE

GW+

Financial year 2025 · closed on 30/09/2025
Net result
-24,4 k €
-25.6% YoY
Gross margin
43,7 k €
-38.8% YoY
Equity
214,1 k €
-23.7% YoY

What does GW+ do?

GW+ is a Private limited company incorporated in 2010. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Temse.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0828.579.839
Incorporation
19/08/2010
Legal form
Private limited company
Registered office
Krijgsbaan 247 box B12
9140 Temse · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
30/09/2025
Joint committees (4)
  • 124
  • 1240
  • 2000
  • 218
Signals
Solid equityLow riskGood liquidity
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin43,7 k €71,4 k €213,7 k €216,4 k €191,3 k €306,5 k €270,8 k €339,2 k €301,8 k €319,2 k €123,7 k €173,5 k €125,6 k €115,6 k €90,8 k €
EBITDA-5,4 k €11,5 k €154,6 k €83,5 k €83,5 k €187,5 k €105,3 k €102,2 k €79,8 k €139,5 k €83,4 k €76,4 k €54,1 k €43,3 k €42 k €
Operating result-22,7 k €-15,7 k €125 k €45,2 k €48,6 k €150,9 k €53,1 k €42,7 k €23 k €82,6 k €26,2 k €43 k €30,5 k €22 k €31,3 k €
Net result-24,4 k €-19,5 k €80,3 k €28,4 k €29,5 k €109,5 k €31,9 k €20,4 k €12 k €41,1 k €11,2 k €24,4 k €16,8 k €13 k €21,5 k €
Balance sheet
Equity214,1 k €280,7 k €300,1 k €219,8 k €191,4 k €161,9 k €123,9 k €96,5 k €76,1 k €82,1 k €61 k €49,8 k €45,3 k €44,5 k €31,5 k €
Total assets273,6 k €310 k €481,6 k €617,3 k €679 k €691,9 k €722,1 k €695,5 k €624,6 k €610,9 k €538,9 k €168,7 k €164 k €144,2 k €81,6 k €
Cash97,7 k €92,4 k €213,9 k €83 k €83 k €86,3 k €61 k €36 k €62,2 k €4,9 k €6,7 k €13,8 k €61,9 k €48,6 k €29,6 k €
Debts59,5 k €29,3 k €181,5 k €397,2 k €485,5 k €525,6 k €593,9 k €598,8 k €539,7 k €528,7 k €477,2 k €118,9 k €118,6 k €99,4 k €50,1 k €
Other
Workforce3,0 ETP4,0 ETP5,0 ETP5,5 ETP4,3 ETP1,1 ETP1,9 ETP2,6 ETP1,8 ETP1,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 5 ended

Active mandates

Geert Willaert

Director

Active
Inge Janssens

Director

Active

Ended mandates

Inge Janssens

Manager · since 14 novembre 2011

Ended
Geert Willaert

Director · since 14 août 2010

Ended
Geert Willaert

Manager · since 14 août 2010 · until 31 décembre 2048

Ended
Geert Willaert

Manager · since 14 août 2010

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202624/04/202526/03/202429/04/202315/04/202226/03/2021
General meeting31/03/202604/03/202505/03/202428/03/202301/03/202202/03/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202531/03/202629/04/2026DutchPDF
Micro model30/09/202404/03/202524/04/2025DutchPDF
Micro model30/09/202305/03/202426/03/2024DutchPDF
Micro model30/09/202228/03/202329/04/2023DutchPDF
Micro model30/09/202101/03/202215/04/2022DutchPDF
Abridged model30/09/202002/03/202126/03/2021DutchPDF
Abridged model30/09/201903/03/202022/04/2020DutchPDF
Abridged model30/09/201805/03/201925/04/2019DutchPDF
Abridged model30/09/201706/03/201811/04/2018DutchPDF
Abridged model30/09/201607/03/201718/04/2017DutchPDF
Abridged model30/09/201501/03/201631/03/2016DutchPDF
Abridged model30/09/201403/03/201510/04/2015DutchPDF
Abridged model30/09/201304/03/201431/03/2014DutchPDF
Abridged model30/09/201205/03/201322/03/2013DutchPDF
Abridged model30/09/201106/03/201227/03/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 2 active · 5 ended

Active mandates

Geert Willaert

Director

Active
Inge Janssens

Director

Active

Ended mandates

Inge Janssens

Manager · since 14 novembre 2011

Ended
Geert Willaert

Director · since 14 août 2010

Ended
Geert Willaert

Manager · since 14 août 2010 · until 31 décembre 2048

Ended
Geert Willaert

Manager · since 14 août 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/09/2023
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/03/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/10/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/12/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/08/2010
    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

Timeline

  1. 2025
    Annual accounts 2025-24,4 k €
  2. 2024
    Annual accounts 2024-19,5 k €
  3. 2023
    Annual accounts 202380,3 k €
  4. 2022
    Annual accounts 202228,4 k €
  5. 2021
    Annual accounts 202129,5 k €
  6. 2020
    Annual accounts 2020109,5 k €
  7. 2019
    Annual accounts 201931,9 k €
  8. 2018
    Annual accounts 201820,4 k €
  9. 2017
    Annual accounts 201712 k €
  10. 2016
    Annual accounts 201641,1 k €
  11. 2015
    Annual accounts 201511,2 k €
  12. 2014
    Annual accounts 201424,4 k €
  13. 2013
    Annual accounts 201316,8 k €
  14. 2012
    Annual accounts 201213 k €
  15. 2011
    Annual accounts 201121,5 k €
  16. 19/08/2010
    IncorporationPrivate limited company