ACTIVE

GEHLEN MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

2,9 M €

-22.6% YoY

Revenue

3,5 M €

-4.6% YoY

Equity

11,1 M €

+23.3% YoY

Workforce

9,3 ETP

+36.8% YoY

What does GEHLEN MANAGEMENT do?

GEHLEN MANAGEMENT is a Private limited company incorporated in 2008. Its main activity is: Activities of head offices. Its registered office is in Malmedy. It employs on average 9,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.433.290

Incorporation

10/07/2008

Legal form

Private limited company

Registered office

Avenue Monbijou 34 box G
4960 Malmedy · WallonieSee on map

Contributed capital

550 000,00 €

Latest accounts

31/12/2025

Average workforce

9,3 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 82100Office administrative and support activities 82190Photocopying, document preparation and other specialised office support activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	3,5 M €	-4.6%	3,6 M €	-28.1%	5,0 M €	+19.9%	4,2 M €	+42.4%	3,0 M €	+20.0%	2,5 M €	-11.4%	2,8 M €	+8.4%	2,6 M €	+16.4%	2,2 M €	+39.4%	1,6 M €	-11.9%	1,8 M €	-8.7%	2,0 M €	-0.8%	2,0 M €	+53.2%	1,3 M €	+42.1%	910,4 k €		–		–		–
EBITDA	1,2 M €	+38.6%	847,6 k €	-24.1%	1,1 M €	+17.4%	951,1 k €	+102%	471,1 k €	-80.9%	2,5 M €	+319%	587,4 k €	+34.0%	438,3 k €	-20.3%	549,6 k €	+588%	79,9 k €	-74.5%	312,6 k €	+20.7%	259,0 k €	+9.7%	236,0 k €	+494%	39,8 k €	-77.4%	175,9 k €	+36.3%	129,0 k €	+45.5%	88,7 k €	-47.8%	169,8 k €
Operating result	913,8 k €	+57.9%	578,7 k €	-29.6%	821,9 k €	+25.1%	657,2 k €	+255%	185,3 k €	-91.6%	2,2 M €	+393%	449,9 k €	+41.3%	318,4 k €	-27.4%	438,8 k €	+1489%	-31,6 k €	-118%	177,9 k €	+28.0%	139,0 k €	+26.0%	110,3 k €	+217%	-93,9 k €	-281%	51,9 k €	+749%	6,1 k €	+116%	-39,4 k €	-186%	46,0 k €
Net result	2,9 M €	-22.6%	3,7 M €	+298%	940,4 k €	+29.8%	724,3 k €	+162%	276,7 k €	-87.3%	2,2 M €	+564%	327,1 k €	-1.1%	330,7 k €	-29.1%	466,2 k €	-23.7%	610,8 k €	+263%	168,5 k €	+339%	38,4 k €	+109%	-424,3 k €	-439%	125,1 k €	+142%	51,6 k €	+18.6%	43,5 k €	-82.8%	253,5 k €	-7.7%	274,5 k €
Balance sheet
Equity	11,1 M €	+23.3%	9,0 M €	+59.0%	5,7 M €	+15.0%	4,9 M €	+11.9%	4,4 M €	+3.0%	4,3 M €	+81.4%	2,4 M €	+8.1%	2,2 M €	+14.8%	1,9 M €	+17.7%	1,6 M €	+56.8%	1,0 M €	+19.5%	862,4 k €	+4.7%	824,0 k €	-34.0%	1,2 M €	+11.1%	1,1 M €	+4.8%	1,1 M €	+4.2%	1,0 M €	+32.7%	774,5 k €
Total assets	26,6 M €	+2.0%	26,1 M €	+14.3%	22,8 M €	+8.1%	21,1 M €	+12.9%	18,7 M €	+6.8%	17,5 M €	+24.9%	14,0 M €	+15.5%	12,1 M €	+40.0%	8,7 M €	+48.6%	5,8 M €	+0.9%	5,8 M €	-3.1%	6,0 M €	+22.8%	4,9 M €	-8.8%	5,3 M €	+5.6%	5,0 M €	+12.1%	4,5 M €	-4.8%	4,7 M €	+19.6%	4,0 M €
Cash	386,5 k €	-15.7%	458,5 k €	+16.9%	392,2 k €	+10.4%	355,3 k €	+64.6%	215,9 k €	-33.4%	324,3 k €	+15.8%	280,0 k €	+235%	83,6 k €	-25.6%	112,3 k €	+59.0%	70,7 k €	-54.3%	154,7 k €	+9.3%	141,5 k €	-52.4%	297,4 k €	+577%	44,0 k €	-57.4%	103,3 k €	+1.5%	101,7 k €	-43.7%	180,8 k €	+16.1%	155,8 k €
Debts	15,3 M €	-10.0%	17,0 M €	-0.4%	17,1 M €	+6.0%	16,1 M €	+13.1%	14,3 M €	+8.0%	13,2 M €	+13.5%	11,6 M €	+17.0%	9,9 M €	+47.1%	6,8 M €	+60.6%	4,2 M €	-11.2%	4,7 M €	-6.9%	5,1 M €	+26.7%	4,0 M €	-1.1%	4,1 M €	+4.1%	3,9 M €	+14.4%	3,4 M €	-7.3%	3,7 M €	+15.9%	3,2 M €
Other
Workforce	9,3 ETP	+36.8%	6,8 ETP	0.0%	6,8 ETP	+7.9%	6,3 ETP	-1.6%	6,4 ETP	-1.5%	6,5 ETP	+16.1%	5,6 ETP	+7.7%	5,2 ETP	-13.3%	6,0 ETP	-20.0%	7,5 ETP	+10.3%	6,8 ETP	+13.3%	6,0 ETP	-10.4%	6,7 ETP	+1.5%	6,6 ETP	+11.9%	5,9 ETP	+31.1%	4,5 ETP	+21.6%	3,7 ETP	+185%	1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Roger GEHLEN

Administrateur · since 23 juillet 2008

Active

Ended mandates

André THUNUS

Mandate · since 09 mars 2020

Ended

André THUNUS

Mandate · since 09 mars 2010

Ended

Roger GEHLEN

Mandate · since 23 juillet 2008 · until 09 mars 2020

Ended

Roger GEHLEN

Manager · since 23 juillet 2008

Ended

At this address

Other companies at this address

Company	CBE no.
BROUX INVEST● Active	0889.758.135
CUISINES ALBERT● Active	0467.472.692
DEGE.IN● Active	0807.406.620
GEHLEN UNITE● Active	0807.998.518
I-Xperience● Active	0676.406.635
K INVEST● Active	0806.935.575
MOVIEMILLS● Active	1012.292.196
NEGOHOM● Active	0699.572.017
PEPIJN● Active	0883.739.779
RG GROUP IMMO● Active	0697.730.007

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/07/2026	09/07/2025	12/07/2024	13/07/2023	06/07/2022	12/07/2021
General meeting	02/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	09/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	09/07/2025	French	PDF
Full model	31/12/2023	30/06/2024	12/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	06/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	12/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	10/07/2020	French	PDF
Full model	31/12/2018	29/06/2019	09/07/2019	French	PDF
Full model	31/12/2017	30/06/2018	17/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	30/06/2016	30/06/2016	French	PDF
Full model	31/12/2014	30/06/2015	07/07/2015	French	PDF
Full model	31/12/2013	30/06/2014	01/07/2014	French	PDF
Full model	31/12/2012	30/06/2013	05/07/2013	French	PDF
Full model	31/12/2011	30/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	02/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	18/06/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 4 ended

Active mandates

Roger GEHLEN

Administrateur · since 23 juillet 2008

Active

Ended mandates

André THUNUS

Mandate · since 09 mars 2020

Ended

André THUNUS

Mandate · since 09 mars 2010

Ended

Roger GEHLEN

Mandate · since 23 juillet 2008 · until 09 mars 2020

Ended

Roger GEHLEN

Manager · since 23 juillet 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/04/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Registered office31/12/2018
SIEGE SOCIAL
PDF
Mandates09/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2017
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

2025
Annual accounts 20252,9 M €↓
2024
Annual accounts 20243,7 M €↑
2023
Annual accounts 2023940,4 k €↑
2022
Annual accounts 2022724,3 k €↑
2021
Annual accounts 2021276,7 k €↓
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 2019327,1 k €↓
2018
Annual accounts 2018330,7 k €↓
2017
Annual accounts 2017466,2 k €↓
2016
Annual accounts 2016610,8 k €↑
2015
Annual accounts 2015168,5 k €↑
2014
Annual accounts 201438,4 k €↑
2013
Annual accounts 2013-424,3 k €↓
2012
Annual accounts 2012125,1 k €↑
2011
Annual accounts 201151,6 k €↑
2010
Annual accounts 201043,5 k €↓
2009
Annual accounts 2009253,5 k €↓
2008
Annual accounts 2008274,5 k €
10/07/2008
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

GEHLEN MANAGEMENT

Overview

What does GEHLEN MANAGEMENT do?

Trend over 18 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