ACTIVE

GULLWING

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Financial year 2025 · Closed on 31/12/2025

Net result5,7 M €+113,9 %over 1 year
Revenue1 M €-33,1 %over 1 year
Equity17,6 M €+44,5 %over 1 year

Identity

Source · BCE/KBO

GULLWING is a Public limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Waregem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0897.463.103
Incorporation
21/04/2008
Legal form
Public limited company
Registered office
Franklin Rooseveltlaan 165
8790 Waregem · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 100
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 26 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue1 M €1,5 M €1 M €601,7 k €538,4 k €
EBITDA974,8 k €1,4 M €867,2 k €450,1 k €660,4 k €
Operating result842,4 k €1,3 M €620,1 k €413,4 k €629 k €
Net result5,7 M €2,7 M €2,3 M €244,5 k €347,2 k €
Balance sheet
Equity17,6 M €12,2 M €9,8 M €7,7 M €8 M €
Total assets20,2 M €18,8 M €17,9 M €12,9 M €13,5 M €
Cash2 M €1,6 M €1,6 M €888,2 k €1,8 M €
Debts2,5 M €6,2 M €7,9 M €5,2 M €5,4 M €
Other
Workforce–0,5 ETP–––

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

Vincent Yserbyt

Managing director · since 21 novembre 2013 · until 17 juin 2027

Active
Katrien Mahieu

Director · since 21 avril 2008 · until 17 juin 2027

Active

Ended mandates

Katrien Mahieu

Director · since 28 juin 2019 · until 19 juin 2025

Ended
Vincent Yserbyt

Managing director · since 28 juin 2019 · until 19 juin 2025

Ended
Katrien Mahieu

Director · since 20 juin 2019 · until 20 juin 2025

Ended
Vincent Yserbyt

Managing director · since 20 juin 2019 · until 20 juin 2025

Ended

Other companies at this address

Franklin Rooseveltlaan 165 8790 Waregem
CompanyCBE no.
CARROSSERIE VERHOYE● Active
0897.003.639
GHISTELINCK AUTOBEDRIJVEN● Active
0443.936.039
GHIZILUX● Active
0743.607.542
V.Y. Consult● Active
1033.728.604
ZILVERPIJL● Active
0846.686.274

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/09/202606/08/202518/07/202413/07/202323/06/202215/07/2021
General meeting11/09/202630/06/202512/07/202430/06/202316/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 26 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/09/202611/09/2026DutchPDF
Full model31/12/202430/06/202506/08/2025DutchPDF
Consolidated accounts31/12/202418/07/202523/07/2025DutchPDF
Full model31/12/202312/07/202418/07/2024DutchPDF
Consolidated accounts31/12/202319/07/202423/07/2024DutchPDF
Full model31/12/202230/06/202313/07/2023DutchPDF
Consolidated accounts31/12/202219/07/202320/07/2023DutchPDF
Full model31/12/202116/06/202223/06/2022DutchPDF
Consolidated accounts31/12/202129/06/202211/07/2022DutchPDF
Full model31/12/202030/06/202108/07/2021DutchPDF
Consolidated accounts31/12/202030/06/202115/07/2021DutchPDF
Full model31/12/201927/08/202024/09/2020DutchPDF
Consolidated accountsCorrection31/12/201927/08/202020/10/2020DutchPDF
Consolidated accounts31/12/201927/08/202008/09/2020DutchPDF
Full model31/12/201828/06/201904/07/2019DutchPDF
Consolidated accounts31/12/201817/07/201917/07/2019DutchPDF
Full model31/12/201730/06/201819/07/2018DutchPDF
Consolidated accounts31/12/201701/01/999918/07/2018DutchPDF
Abridged model30/09/201619/12/201622/12/2016DutchPDF
Abridged model30/09/201519/11/201503/12/2015DutchPDF
Abridged model30/09/201412/01/201530/01/2015DutchPDF
Abridged model30/09/201321/11/201319/12/2013DutchPDF
Abridged model30/09/201215/11/201204/04/2013DutchPDF
Abridged model30/09/201117/11/201131/01/2012DutchPDF
Abridged model30/09/201018/11/201025/01/2011DutchPDF
Abridged model30/09/200919/11/200926/01/2010DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

Vincent Yserbyt

Managing director · since 21 novembre 2013 · until 17 juin 2027

Active
Katrien Mahieu

Director · since 21 avril 2008 · until 17 juin 2027

Active

Ended mandates

Katrien Mahieu

Director · since 28 juin 2019 · until 19 juin 2025

Ended
Vincent Yserbyt

Managing director · since 28 juin 2019 · until 19 juin 2025

Ended
Katrien Mahieu

Director · since 20 juin 2019 · until 20 juin 2025

Ended
Vincent Yserbyt

Managing director · since 20 juin 2019 · until 20 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/08/2017
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares31/10/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring26/09/2014
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

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 20255,7 M €↑
  2. 2024
    Annual accounts 20242,7 M €↑
  3. 2023
    Annual accounts 20232,3 M €↑
  4. 2022
    Annual accounts 2022244,5 k €↓
  5. 2021
    Annual accounts 2021347,2 k €↓
  6. 2020
    Annual accounts 20202,3 M €↑
  7. 2019
    Annual accounts 2019176,8 k €↑
  8. 2018
    Annual accounts 201842,7 k €↓
  9. 2017
    Annual accounts 2017694 k €↑
  10. 2016
    Annual accounts 2016562,3 k €↓
  11. 2015
    Annual accounts 2015730,9 k €↑
  12. 2014
    Annual accounts 2014676,4 k €↑
  13. 2013
    Annual accounts 201327,7 k €↓
  14. 2012
    Annual accounts 2012667,3 k €↑
  15. 2011
    Annual accounts 201136,9 k €↓
  16. 2010
    Annual accounts 201050,9 k €↑
  17. 2009
    Annual accounts 200940,8 k €
  18. 21/04/2008
    IncorporationPublic limited company