NORMAL SITUATION

GHALAN

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Financial year 2024 · closed on 31/12/2024

Net result

339,4 k €

+39.9% YoY

Gross margin

1,1 M €

-12.3% YoY

Equity

936,7 k €

+55.7% YoY

Workforce

16,5 ETP

+5.8% YoY

Company — Normal situation.

What does GHALAN do?

GHALAN is a company registered in Belgium. It employs on average 16,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.294.642

Legal form

Private limited company

Contributed capital

20 449,03 €

Latest accounts

31/12/2024

Average workforce

16,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	1,1 M €	-12.3%	1,3 M €	+58.7%	816 k €	+3.0%	792,4 k €	+24.2%	637,8 k €	+26.7%	503,5 k €	+31.0%	384,3 k €	+18.5%	324,2 k €	+116%	150 k €	+52.5%	98,4 k €	+37.4%	71,6 k €	+908%	7,1 k €	-82.1%	39,6 k €	+266%	10,8 k €
EBITDA	319,4 k €	-39.7%	529,6 k €	+150%	212,2 k €	-8.0%	230,8 k €	+10.5%	208,9 k €	+33.3%	156,7 k €	+16.5%	134,5 k €	-21.4%	171,2 k €	+83.9%	93,1 k €	+39.7%	66,6 k €	+26.8%	52,5 k €	+4464%	-1,2 k €	-103%	35,1 k €	+354%	7,7 k €
Operating result	157,4 k €	-52.0%	328 k €	+364%	70,7 k €	-21.4%	90 k €	+12.2%	80,2 k €	+435%	15 k €	-30.8%	21,7 k €	-69.0%	69,9 k €	+201%	23,2 k €	+155%	9,1 k €	-78.4%	42,2 k €	+536%	-9,7 k €	-135%	27,9 k €	+920%	2,7 k €
Net result	339,4 k €	+39.9%	242,5 k €	+397%	48,8 k €	-33.6%	73,6 k €	+10.7%	66,4 k €	+904%	6,6 k €	-50.3%	13,3 k €	-74.1%	51,4 k €	+348%	11,5 k €	-20.8%	14,5 k €	-51.3%	29,8 k €	+367%	-11,2 k €	-153%	20,9 k €	+24740%	-85 €
Balance sheet
Equity	936,7 k €	+55.7%	601,5 k €	+65.6%	363,1 k €	+14.0%	318,5 k €	+27.9%	249,1 k €	+33.3%	186,8 k €	+0.7%	185,5 k €	+4.5%	177,5 k €	+34.6%	131,9 k €	+2.5%	128,6 k €	+179%	46,1 k €	+183%	16,3 k €	-40.7%	27,5 k €	+48.3%	18,5 k €
Total assets	1,6 M €	+7.7%	1,5 M €	+24.8%	1,2 M €	-8.7%	1,3 M €	-1.2%	1,4 M €	+21.4%	1,1 M €	+8.8%	1 M €	+2.8%	996,7 k €	+13.2%	880,5 k €	+0.5%	876,3 k €	+734%	105,1 k €	+75.0%	60,1 k €	-41.0%	101,8 k €	+181%	36,3 k €
Cash	202,1 k €	-25.3%	270,4 k €	+92.3%	140,6 k €	+34.1%	104,8 k €	-4.0%	109,2 k €	+49.3%	73,1 k €	+257%	20,5 k €	-61.2%	52,8 k €		–		15 k €	+65.5%	9 k €	+1411%	599 €	-73.6%	2,3 k €	-50.7%	4,6 k €
Debts	628,5 k €	-28.0%	873 k €	+1.9%	857 k €	-15.9%	1 M €	+4.9%	970,7 k €	+4.7%	927,4 k €	+10.5%	838,9 k €	+2.4%	819,2 k €	+9.4%	748,7 k €	+0.1%	747,6 k €	+1166%	59 k €	+34.9%	43,8 k €	-41.1%	74,3 k €	+319%	17,8 k €
Other
Workforce	16,5 ETP	+5.8%	15,6 ETP	+39.3%	11,2 ETP	-12.5%	12,8 ETP	+8.5%	11,8 ETP	+25.5%	9,4 ETP	+46.9%	6,4 ETP		–		–		1,1 ETP	+37.5%	0,8 ETP		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 6 ended

Active mandates

T.T. HOLDINGS

Director · since 15 mai 2024 · 0712.691.464

Active

Trustteam Group

Director · since 15 mai 2024 · 0787.918.132

Active

François Vyle

Director · since 27 décembre 2010

Active

Yves Decleyre

Director · since 27 décembre 2010

Active

Ended mandates

T.T. HOLDINGS

Director · since 15 mai 2024 · 0712.691.464

Represented by Valérie Deseyn

Ended

François Vyle

Director · since 07 janvier 2011

Ended

Yves Decleyre

Director · since 07 janvier 2011

Ended

François Vyle

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/07/2025	04/07/2024	23/08/2023	14/06/2022	15/06/2021	23/09/2020
General meeting	30/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021	08/06/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	23/08/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	14/06/2022	French	PDF
Abridged model	31/12/2020	14/06/2021	15/06/2021	French	PDF
Abridged model	31/12/2019	08/06/2020	23/09/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	01/08/2019	French	PDF
Micro model	31/12/2017	11/06/2018	23/07/2018	French	PDF
Micro model	31/12/2016	12/06/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	23/07/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	31/07/2012	French	PDF

Estimate

Indicative valuation

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 31/12/2024 · 4 active · 6 ended

Active mandates

T.T. HOLDINGS

Director · since 15 mai 2024 · 0712.691.464

Active

Trustteam Group

Director · since 15 mai 2024 · 0787.918.132

Active

François Vyle

Director · since 27 décembre 2010

Active

Yves Decleyre

Director · since 27 décembre 2010

Active

Ended mandates

T.T. HOLDINGS

Director · since 15 mai 2024 · 0712.691.464

Represented by Valérie Deseyn

Ended

François Vyle

Director · since 07 janvier 2011

Ended

Yves Decleyre

Director · since 07 janvier 2011

Ended

François Vyle

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024339,4 k €↑
2023
Annual accounts 2023242,5 k €↑
2022
Annual accounts 202248,8 k €↓
2021
Annual accounts 202173,6 k €↑
2020
Annual accounts 202066,4 k €↑
2019
Annual accounts 20196,6 k €↓
2018
Annual accounts 201813,3 k €↓
2017
Annual accounts 201751,4 k €↑
2016
Annual accounts 201611,5 k €↓
2015
Annual accounts 201514,5 k €↓
2014
Annual accounts 201429,8 k €↑
2013
Annual accounts 2013-11,2 k €↓
2012
Annual accounts 201220,9 k €↑
2011
Annual accounts 2011-85 €

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

GHALAN

Overview

What does GHALAN do?

Trend over 14 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline