ACTIVE

GKW

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Financial year 2024 · closed on 31/12/2024

Net result

169,4 k €

+128008.0% YoY

Revenue

35,3 M €

+9.4% YoY

Equity

7,3 M €

+2.4% YoY

Workforce

134,2 ETP

-10.4% YoY

What does GKW do?

GKW is a Private limited company incorporated in 2005. Its registered office is in Ternat. It employs on average 134,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.638.686

Incorporation

03/10/2005

Legal form

Private limited company

Registered office

Essenestraat 20
1740 Ternat · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2024

Average workforce

134,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	35,3 M €	+9.4%	32,3 M €	-10.9%	36,2 M €	+13.7%	31,9 M €	+57.8%	20,2 M €		–		–		–		–		–		–		–		–		–		–		2,2 M €	+149%	904,3 k €
EBITDA	3 M €	+25.0%	2,4 M €	+3.6%	2,3 M €	+23.2%	1,9 M €	-29.4%	2,6 M €	+2.1%	2,6 M €	-33.8%	3,9 M €	+809%	430,9 k €	+46.5%	294,2 k €	-48.0%	565,7 k €	-48.7%	1,1 M €	+155%	432,8 k €	-38.0%	697,5 k €	+79.3%	388,9 k €	-38.1%	628,1 k €	-39.9%	1 M €	+365%	224,6 k €
Operating result	827,7 k €	+47.1%	562,8 k €	-53.2%	1,2 M €	-3.3%	1,2 M €	-47.5%	2,4 M €	+3.3%	2,3 M €	-36.7%	3,6 M €	+1290%	260,4 k €	+138%	109,2 k €	-63.9%	302,2 k €	-47.0%	570 k €	+347%	127,6 k €	-65.2%	366,4 k €	+272%	98,5 k €	-76.8%	424,1 k €	-54.0%	921,6 k €	+488%	156,7 k €
Net result	169,4 k €	+128008%	132,3 €	-100.0%	710,7 k €	+2.1%	696,1 k €	-54.1%	1,5 M €	-3.5%	1,6 M €	-33.3%	2,4 M €	+2731%	83,3 k €	+1.9%	81,7 k €	-66.4%	242,9 k €	+35.2%	179,7 k €	+321%	42,7 k €	-77.4%	189,3 k €	+475%	32,9 k €	-87.4%	260,6 k €	-55.6%	587,6 k €	+440%	108,8 k €
Balance sheet
Equity	7,3 M €	+2.4%	7,2 M €	+0.0%	7,2 M €	+5.2%	6,8 M €	+71.9%	4 M €	+54.5%	2,6 M €	+91.7%	1,3 M €	+113%	629,4 k €	+15.3%	546,1 k €	+17.6%	464,4 k €	-4.9%	488,2 k €	+58.3%	308,4 k €	-72.7%	1,1 M €	+8.6%	1 M €	+3.3%	1 M €	+34.9%	746,4 k €	+370%	158,8 k €
Total assets	23,6 M €	-5.0%	24,8 M €	+25.4%	19,8 M €	+21.9%	16,2 M €	+63.7%	9,9 M €	+30.6%	7,6 M €	+33.9%	5,7 M €	+122%	2,6 M €	+28.2%	2 M €	-3.9%	2,1 M €	-23.4%	2,7 M €	-6.6%	2,9 M €	-11.3%	3,3 M €	+5.5%	3,1 M €	+15.4%	2,7 M €	+60.2%	1,7 M €	+141%	695,2 k €
Cash	1,1 M €	-19.7%	1,4 M €	+6.2%	1,3 M €	-45.1%	2,4 M €	+236%	707,1 k €	+14.7%	616,5 k €	-1.2%	623,8 k €	+417%	120,6 k €	+17.4%	102,7 k €	-37.3%	163,8 k €	-54.4%	359,6 k €	+5.3%	341,6 k €	+1430%	22,3 k €	-92.6%	303,5 k €	-33.7%	458 k €	+162%	174,8 k €	+17.5%	148,8 k €
Debts	16,3 M €	-8.1%	17,7 M €	+39.9%	12,6 M €	+34.5%	9,4 M €	+57.6%	6 M €	+18.5%	5 M €	+16.0%	4,3 M €	+132%	1,9 M €	+33.9%	1,4 M €	-10.2%	1,6 M €	-27.8%	2,2 M €	-16.5%	2,6 M €	+21.3%	2,1 M €	+3.9%	2,1 M €	+26.5%	1,6 M €	+75.2%	926,1 k €	+72.7%	536,4 k €
Other
Workforce	134,2 ETP	-10.4%	149,8 ETP	-8.6%	163,9 ETP	+1.1%	162,1 ETP	+44.5%	112,2 ETP	+42.9%	78,5 ETP	+37.5%	57,1 ETP	+38.9%	41,1 ETP	+16.1%	35,4 ETP	+2.3%	34,6 ETP	-22.4%	44,6 ETP	-10.6%	49,9 ETP	+24.7%	40,0 ETP	+14.3%	35,0 ETP	+25.9%	27,8 ETP	+1.8%	27,3 ETP	+78.4%	15,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 12 ended

Active mandates

AGA MANAGEMENT

Director · since 27 octobre 2017 · 0683.785.068

Represented by Gocen NURI

Active

AHMALIZE

Director · since 27 octobre 2017 · 0683.784.573

Represented by Göcen AHMED

Active

GOCEN & BENLI

Director · since 27 octobre 2017 · 0683.784.870

Represented by Gocen HUSEYIN

Active

Ended mandates

AGA MANAGEMENT

Director · since 27 octobre 2017 · 0683.785.068

Represented by Gocen Nuri

Ended

AGA MANAGEMENT

Manager · since 27 octobre 2017 · 0683.785.068

Represented by Nuri Gocen

Ended

AHMALIZE

Director · since 27 octobre 2017 · 0683.784.573

Represented by Gocen Ahmed

Ended

AHMALIZE

Manager · since 27 octobre 2017 · 0683.784.573

Represented by Ahmed Gocen

Ended

At this address

Other companies at this address

Company	CBE no.
THV GKW - CANALCO● Active	0708.879.166
THV GKW - VISSER & SMIT HANAB● Active	0693.852.183
Tijdelijke maatschap GKW-Vindevogel● Active	0794.891.442
TM GKW - Argea● Active	0801.225.245
TM GKW-Canalco-Stroppa-Fluentis● Active	1010.682.392

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/07/2025	12/07/2024	29/08/2023	12/08/2022	29/07/2021	29/07/2020
General meeting	20/06/2025	21/06/2024	23/08/2023	09/08/2022	30/06/2021	30/06/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	20/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	23/08/2023	29/08/2023	Dutch	PDF
Full model	31/12/2021	09/08/2022	12/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/08/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	30/06/2016	30/01/2017	03/02/2017	Dutch	PDF
Abridged model	30/06/2015	22/01/2016	28/01/2016	Dutch	PDF
Abridged model	30/06/2014	22/09/2014	26/09/2014	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	17/01/2014	Dutch	PDF
Abridged model	31/12/2011	29/08/2012	03/09/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	05/09/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	14/09/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	07/10/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 12 ended

Active mandates

AGA MANAGEMENT

Director · since 27 octobre 2017 · 0683.785.068

Represented by Gocen NURI

Active

AHMALIZE

Director · since 27 octobre 2017 · 0683.784.573

Represented by Göcen AHMED

Active

GOCEN & BENLI

Director · since 27 octobre 2017 · 0683.784.870

Represented by Gocen HUSEYIN

Active

Ended mandates

AGA MANAGEMENT

Director · since 27 octobre 2017 · 0683.785.068

Represented by Gocen Nuri

Ended

AGA MANAGEMENT

Manager · since 27 octobre 2017 · 0683.785.068

Represented by Nuri Gocen

Ended

AHMALIZE

Director · since 27 octobre 2017 · 0683.784.573

Represented by Gocen Ahmed

Ended

AHMALIZE

Manager · since 27 octobre 2017 · 0683.784.573

Represented by Ahmed Gocen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office09/04/2019
MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates07/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2017
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/12/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office24/10/2013
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other17/01/2013
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024169,4 k €↑
2023
Annual accounts 2023132,3 €↓
2022
Annual accounts 2022710,7 k €↑
2021
Annual accounts 2021696,1 k €↓
2019
Annual accounts 20191,5 M €↓
2018
Annual accounts 20181,6 M €↓
2017
Annual accounts 20172,4 M €↑
2016
Annual accounts 201683,3 k €↑
2015
Annual accounts 201581,7 k €↓
2014
Annual accounts 2014242,9 k €↑
2013
Annual accounts 2013179,7 k €↑
2013
Name changeGkw
2011
Annual accounts 201142,7 k €↓
2010
Annual accounts 2010189,3 k €↑
2009
Annual accounts 200932,9 k €↓
2008
Annual accounts 2008260,6 k €↓
2007
Annual accounts 2007587,6 k €↑
2006
Annual accounts 2006108,8 k €
2006
Name changeGENTSE KABELWERKEN
03/10/2005
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

GKW

Overview

What does GKW do?

Trend over 17 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