ACTIVE

GNB

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Financial year 2025 · closed on 31/12/2025

Net result

219,7 k €

+34.4% YoY

Gross margin

961,1 k €

+13.8% YoY

Equity

881,6 k €

+28.0% YoY

Workforce

5,6 ETP

-6.7% YoY

What does GNB do?

GNB is a Private limited company incorporated in 2006. Its main activity is: Floor and wall covering. Its registered office is in Oudsbergen. It employs on average 5,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.638.110

Incorporation

07/12/2006

Legal form

Private limited company

Registered office

Kolisstraat 11
3670 Oudsbergen · FlandreSee on map

Contributed capital

17 860,92 €

Latest accounts

31/12/2025

Average workforce

5,6 ETP

Activities (NACE)

43331Floor and wall covering· main 43331Floor and wall covering 43422Specialised construction activities 43996Other specialised construction activities n.e.c.45431Sale, maintenance and repair of motorcycles and related parts and accessories 43990Other specialised construction activities n.e.c.+8

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	961,1 k €	+13.8%	844,9 k €	+4.4%	809,0 k €	+3.6%	781,0 k €	+3.4%	755,6 k €	-12.4%	862,7 k €	+50.2%	574,4 k €	-20.0%	718,0 k €	-21.9%	919,3 k €	-10.2%	1,0 M €	+29.2%	792,3 k €	+7.5%	737,2 k €	+73.2%	425,6 k €	+4.4%	407,8 k €	+6.2%	384,1 k €	+66.3%	231,0 k €	+32.3%	174,6 k €	+88.4%	92,7 k €	+230%	28,1 k €
EBITDA	484,7 k €	+32.7%	365,4 k €	+48.6%	245,9 k €	+1.6%	242,0 k €	-18.7%	297,5 k €	-13.2%	342,7 k €	+1397%	22,9 k €	-76.6%	97,9 k €	-58.6%	236,8 k €	-27.7%	327,6 k €	+11.7%	293,3 k €	-2.6%	301,3 k €	+32.8%	226,8 k €	+23.1%	184,2 k €	-13.5%	213,0 k €	+109%	101,8 k €	+22.4%	83,1 k €	+36.6%	60,9 k €	+120%	27,6 k €
Operating result	336,9 k €	+35.7%	248,3 k €	+57.3%	157,9 k €	+2.1%	154,6 k €	-28.7%	217,0 k €	-22.6%	280,3 k €	+755%	-42,8 k €	-231%	32,6 k €	-78.2%	149,2 k €	-35.8%	232,4 k €	+28.1%	181,4 k €	+7.1%	169,3 k €	+42.6%	118,7 k €	+82.9%	64,9 k €	-21.6%	82,8 k €	+444%	15,2 k €	-35.5%	23,6 k €	-45.8%	43,5 k €	+223%	13,5 k €
Net result	219,7 k €	+34.4%	163,4 k €	+59.1%	102,7 k €	-12.1%	116,9 k €	-19.5%	145,3 k €	-27.5%	200,3 k €	+407%	-65,2 k €	-1929%	3,6 k €	-95.1%	72,6 k €	-40.3%	121,5 k €	+24.2%	97,9 k €	+6.9%	91,6 k €	+60.0%	57,2 k €	+188%	19,9 k €	-45.4%	36,4 k €	+68166%	53,4 €	-99.6%	14,1 k €	-48.0%	27,1 k €	+382%	5,6 k €
Balance sheet
Equity	881,6 k €	+28.0%	689,0 k €	+31.1%	525,5 k €	+24.3%	422,8 k €	-15.3%	499,0 k €	+10.6%	451,2 k €	+79.9%	250,8 k €	-20.6%	316,0 k €	+1.1%	312,5 k €	+30.2%	239,9 k €	+14.3%	209,9 k €	+87.4%	112,0 k €	+448%	20,5 k €	-73.4%	76,9 k €	+34.9%	57,0 k €	-13.1%	65,6 k €	+0.1%	65,5 k €	+27.5%	51,4 k €	+112%	24,2 k €
Total assets	2,2 M €	+6.0%	2,1 M €	+29.5%	1,6 M €	-1.8%	1,6 M €	+97.6%	833,3 k €	-13.2%	960,5 k €	+29.8%	740,2 k €	-15.3%	874,2 k €	+9.3%	800,0 k €	-20.7%	1,0 M €	+15.7%	871,7 k €	+11.0%	785,7 k €	+22.3%	642,3 k €	-7.6%	695,2 k €	-18.7%	854,6 k €	+62.4%	526,2 k €	+94.6%	270,4 k €	+135%	114,9 k €	+55.5%	73,9 k €
Cash	547,7 k €	+84.4%	297,1 k €	+45.6%	204,0 k €	-46.0%	378,0 k €	-14.3%	441,0 k €	-18.9%	543,8 k €	+123%	243,4 k €	-6.4%	260,1 k €	+35.8%	191,6 k €	-23.6%	250,8 k €	+20.2%	208,6 k €	+267%	56,8 k €	-70.3%	191,0 k €	+72.9%	110,4 k €	+79.9%	61,4 k €	-37.8%	98,7 k €	+53.3%	64,4 k €	+25.7%	51,2 k €	+11.5%	45,9 k €
Debts	1,3 M €	-4.0%	1,4 M €	+28.5%	1,1 M €	-10.9%	1,2 M €	+264%	334,2 k €	-34.4%	509,3 k €	+4.1%	489,4 k €	-12.3%	558,2 k €	+14.5%	487,5 k €	-36.6%	768,6 k €	+16.1%	661,8 k €	-1.8%	673,6 k €	+8.8%	619,1 k €	+0.5%	616,1 k €	-22.8%	797,7 k €	+73.1%	460,7 k €	+126%	204,2 k €	+224%	63,1 k €	+26.9%	49,7 k €
Other
Workforce	5,6 ETP	-6.7%	6,0 ETP	-20.0%	7,5 ETP	+7.1%	7,0 ETP	-5.4%	7,4 ETP	-1.3%	7,5 ETP	-9.6%	8,3 ETP	-7.8%	9,0 ETP	-15.1%	10,6 ETP	-4.5%	11,1 ETP	+35.4%	8,2 ETP	+15.5%	7,1 ETP	+97.2%	3,6 ETP	-5.3%	3,8 ETP	+2.7%	3,7 ETP	+15.6%	3,2 ETP	+45.5%	2,2 ETP	+175%	0,8 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Geert Nouwen

Director

Active

Robin Gielen

Director

Active

Ended mandates

Geert Nouwen

Manager · since 07 décembre 2006

Ended

Robin Gielen

Manager · since 07 décembre 2006

Ended

Geert Nouwen

Manager

Ended

Robin Gielen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/04/2026	28/08/2025	02/08/2024	10/07/2023	08/07/2022	01/07/2021
General meeting	09/04/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/04/2026	24/04/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	02/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	10/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 4 ended

Active mandates

Geert Nouwen

Director

Active

Robin Gielen

Director

Active

Ended mandates

Geert Nouwen

Manager · since 07 décembre 2006

Ended

Robin Gielen

Manager · since 07 décembre 2006

Ended

Geert Nouwen

Manager

Ended

Robin Gielen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/05/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/08/2025
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/06/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office30/09/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other21/12/2006
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 2025219,7 k €↑
2024
Annual accounts 2024163,4 k €↑
2023
Annual accounts 2023102,7 k €↓
2022
Annual accounts 2022116,9 k €↓
2021
Annual accounts 2021145,3 k €↓
2020
Annual accounts 2020200,3 k €↑
2019
Annual accounts 2019-65,2 k €↓
2018
Annual accounts 20183,6 k €↓
2017
Annual accounts 201772,6 k €↓
2016
Annual accounts 2016121,5 k €↑
2015
Annual accounts 201597,9 k €↑
2014
Annual accounts 201491,6 k €↑
2013
Annual accounts 201357,2 k €↑
2012
Annual accounts 201219,9 k €↓
2011
Annual accounts 201136,4 k €↑
2010
Annual accounts 201053,4 €↓
2009
Annual accounts 200914,1 k €↓
2008
Annual accounts 200827,1 k €↑
2007
Annual accounts 20075,6 k €
07/12/2006
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

GNB

Overview

What does GNB do?

Trend over 19 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