ACTIVE

GG ELEC

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Financial year 2024 · closed on 31/12/2024

Net result

136,9 €

-99.6% YoY

Gross margin

136,4 k €

-23.0% YoY

Equity

122,2 k €

+0.1% YoY

What does GG ELEC do?

GG ELEC is a Private limited company incorporated in 2008. Its main activity is: Electrical installation. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.121.839

Incorporation

22/01/2008

Legal form

Private limited company

Registered office

Groot-Bijgaardenstraat 67
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

13 400,00 €

Latest accounts

31/12/2024

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 43990Other specialised construction activities n.e.c.43995Other specialised construction activities n.e.c.41001Construction of buildings 41201Construction of residential and non-residential buildings

Joint committees (1)

14901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009
Income statement
Gross margin	136,4 k €	-23.0%	177,2 k €	+62.4%	109,1 k €	+60.2%	68,1 k €	+106%	33 k €	+222%	10,3 k €	-57.9%	24,4 k €	+145%	9,9 k €	+122%	4,5 k €	+41.4%	3,2 k €	-61.6%	8,2 k €	+43.9%	5,7 k €	+876%	-737,6 €	-33.1%	-554,2 €	-384%	195,1 €
EBITDA	22,2 k €	-60.6%	56,3 k €	+28.1%	44 k €	+55.4%	28,3 k €	+849%	3 k €	-67.7%	9,2 k €	-60.6%	23,4 k €	+170%	8,6 k €	+237%	2,6 k €	+22.2%	2,1 k €	-72.2%	7,6 k €	+54.5%	4,9 k €	+466%	-1,3 k €	-33.2%	-1 k €	-614%	195,1 €
Operating result	2,2 k €	-95.1%	45,3 k €	+32.4%	34,2 k €	+43.5%	23,8 k €	+700%	3 k €	-60.3%	7,5 k €	-65.4%	21,7 k €	+193%	7,4 k €	+462%	1,3 k €	-37.3%	2,1 k €	-72.2%	7,6 k €	+62.1%	4,7 k €	+398%	-1,6 k €	-56.1%	-1 k €	-233%	-300,9 €
Net result	136,9 €	-99.6%	31,1 k €	+20.9%	25,7 k €	+45.1%	17,7 k €	+560%	2,7 k €	-50.0%	5,4 k €	-65.3%	15,5 k €	+232%	4,7 k €	+1050%	405,7 €	-69.0%	1,3 k €	-77.0%	5,7 k €	+58.6%	3,6 k €	+343%	-1,5 k €	-46.2%	-1 k €	-222%	-314,1 €
Balance sheet
Equity	122,2 k €	+0.1%	122 k €	+34.2%	90,9 k €	+39.4%	65,2 k €	+37.3%	47,5 k €	+6.0%	44,8 k €	+13.6%	39,5 k €	+64.6%	24 k €	+24.1%	19,3 k €	+2.1%	18,9 k €	+7.4%	17,6 k €	+48.0%	11,9 k €	+815%	1,3 k €	-62.0%	3,4 k €	-22.8%	4,4 k €
Total assets	313,2 k €	-6.2%	333,9 k €	+95.6%	170,6 k €	+21.1%	141 k €	+76.3%	79,9 k €	-4.4%	83,6 k €	+1.8%	82,1 k €	+90.4%	43,1 k €	+41.4%	30,5 k €	-3.1%	31,5 k €	-26.5%	42,8 k €	+158%	16,6 k €	+1178%	1,3 k €	-69.8%	4,3 k €	-15.0%	5,1 k €
Cash	19,7 k €	-80.1%	99 k €	+336%	22,7 k €	+263%	6,3 k €	+430%	1,2 k €	-54.2%	2,6 k €	-57.0%	6 k €	-5.0%	6,3 k €	-1.0%	6,4 k €	+1452%	410,5 €	-82.8%	2,4 k €	-44.4%	4,3 k €	+53444%	8 €	-98.3%	461 €	-62.2%	1,2 k €
Debts	191 k €	-9.8%	211,8 k €	+166%	79,7 k €	+5.3%	75,7 k €	+134%	32,4 k €	-16.4%	38,8 k €	-9.1%	42,6 k €	+123%	19,1 k €	+76.7%	10,8 k €	-13.8%	12,6 k €	-50.2%	25,2 k €	+436%	4,7 k €		–		368,3 €		–

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 31/12/2024 · 2 active · 8 ended

Active mandates

MS CONSTRUCT BENELUX

Director · since 23 mai 2025 · 0557.949.740

Represented by Maurizio Terrazzino

Active

Iulian CIUCASEL

Director · since 23 septembre 2019 · until 23 mai 2025

Active

Ended mandates

George Ciucasel

Director · since 23 septembre 2019

Ended

Iulian CIUCASEL

Director · since 23 septembre 2019

Ended

Iulian CIUCASEL

Manager · since 23 septembre 2019

Ended

Gheorghe AMARICA

Manager · since 09 janvier 2013

Ended

At this address

Other companies at this address

Company	CBE no.
MS CONSTRUCT BENELUX● Active	0557.949.740
TEMA INVEST● Active	0500.822.678

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/08/2025	30/08/2024	30/08/2023	30/08/2022	29/08/2021	30/10/2020
General meeting	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021	23/10/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	27/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	29/08/2021	Dutch	PDF
Micro model	31/12/2019	23/10/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	27/09/2019	30/09/2019	French	PDF
Micro model	31/12/2017	29/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	17/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2010	24/06/2011	15/11/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	31/08/2009	French	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 31/12/2024 · 2 active · 8 ended

Active mandates

MS CONSTRUCT BENELUX

Director · since 23 mai 2025 · 0557.949.740

Represented by Maurizio Terrazzino

Active

Iulian CIUCASEL

Director · since 23 septembre 2019 · until 23 mai 2025

Active

Ended mandates

George Ciucasel

Director · since 23 septembre 2019

Ended

Iulian CIUCASEL

Director · since 23 septembre 2019

Ended

Iulian CIUCASEL

Manager · since 23 septembre 2019

Ended

Gheorghe AMARICA

Manager · since 09 janvier 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
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 2024136,9 €↓
2023
Annual accounts 202331,1 k €↑
2022
Annual accounts 202225,7 k €↑
2021
Annual accounts 202117,7 k €↑
2020
Annual accounts 20202,7 k €↓
2019
Annual accounts 20195,4 k €↓
2018
Annual accounts 201815,5 k €↑
2017
Annual accounts 20174,7 k €↑
2016
Annual accounts 2016405,7 €↓
2015
Annual accounts 20151,3 k €↓
2014
Annual accounts 20145,7 k €↑
2013
Annual accounts 20133,6 k €↑
2012
Annual accounts 2012-1,5 k €↓
2010
Annual accounts 2010-1 k €↓
2009
Annual accounts 2009-314,1 €
22/01/2008
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

GG ELEC

Overview

What does GG ELEC do?

Trend over 15 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