Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 49 to 32.6.
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Busy address KBO
56 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Gimv from Antwerpen, company number BE0220324117, closed financial year 2025 with a result of € 124.1 million after tax. For that financial year Gimv recorded revenue of € 8.6 million and equity of € 1.4 billion. Compared with financial year 2025, the result moved from € 228.3 million to € 124.1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 1.4 billion
▲ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 124.1 million
▼ 46% vs 2025
Profit after tax over the fiscal year.
€ 1.3 million
▼ 97% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 71.8 million paid out
58 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
32.6
▼ 8.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▼ 62% vs 2025
€ 136,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 568,453
▲ 31% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 351.7 million
€ 75.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3 million
▼ 64% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 1.8 million
▼ 76% vs 2025
Taxes, VAT and social contributions still to pay.
| 2022 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|
| Revenue | € 1,750,108 | € 1,067,401 | € 8,593,635 | ▲ € 7.5 million |
| Profit after taxes | € 48,446,008 | € 228,337,609 | € 124,073,370 | ▼ 46% |
| Equity | € 976,124,537 | € 1,258,247,095 | € 1,352,326,211 | ▲ 7% |
| Total debts | € 482,101,374 | € 554,490,481 | € 525,793,590 | ▼ 5% |
| Cash | € 82,042,207 | € 45,290,609 | € 1,318,933 | ▼ 97% |
| Land & buildings | € 5,562,601 | € 3,889,324 | € 3,750,899 | ▼ 4% |
| Retained profit | € 626,201,164 | € 581,173,991 | € 633,466,042 | ▲ 9% |
| Dividend | € 69,290,000 | € 92,994,980 | € 71,781,319 | ▼ 23% |
| Bank debt | € 353,556,422 | € 352,078,744 | € 351,709,325 | |
| Balance sheet total | € 1,468,795,139 | € 1,824,118,940 | € 1,895,686,729 | ▲ 4% |
| Employees (FTE) | 49 | 41.1 | 32.6 | ▼ 8.5 |
Key figures of Gimv, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Gimv?
What happened at Gimv in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emajor stepped down as director. NBB
- ValHaeg stepped down as director. NBB
- Koen DEJONCKHEERE stepped down as director. NBB
- MJA Consulting stepped down as director. NBB
- Ginkgo Associates CommV stepped down as director. NBB
- RGFin BV stepped down as director. NBB
- YX Partners BV stepped down as director. NBB
- To Be Projects stepped down as director. NBB
In short
From € 48.4 million profit in 2022 to € 124.1 million profit in 2025.
Paid € 141,257 in corporate taxes since 2022.
Best year ever: 2025, with € 228.3 million profit.
Paid out € 234.1 million in dividends to the owners in total.
Management
The stake of VLAAMSE PARTICIPATIEMAATSCHAPPIJ, RUBICON comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GimvThe shares are held by Euronext Beurs (61.2%), WorxInvest (36.5%), op naam Andere aandeelhouders (2.3%), VLAAMSE PARTICIPATIEMAATSCHAPPIJ (27.8%) and RUBICON (0%). It owns 100% of Gimv XL, 100% of Gimv Germany Holding GmbH, 100% of Gimv France Participations, 100% of Gimv Nederland Holding, 100% of Dutch Participants Holding 2013 B.V. and 99.9% of Gimv 2024 Holding itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2028
The House of Value - Advisory & Solutions
Director · represented by Johan Deschuyffeleer
Also active at: EVS BROADCAST EQUIPMENT, ORANGE BELGIUM, AE
since 2024 · until 2026
Director · represented by An Vermeersch
since 2025 · until 2029
Director · represented by Hilde Windels
Also active at: MDxHealth, Celyad Oncology, Healis Holding
since 2024 · until 2026
Chairman of the board · represented by Filip Dierckx
Also active at: WORX FOR SOCIETY, SIAT, TINC Manager, WorxInvest Subholding, WorxInvest Holding, WorxInvest, HAZELHEARTWOOD, i3-Group Holding +3 more
since 2024 · until 2028
Director · represented by Robert Van Goethem
Also active at: Orac Holding, DENTCAP, Nspire Group
since 2024 · until 2028
since 2025 · until 2029
Koen DEJONCKHEERE
Managing director
Also active at: ADVIESBEHEER GIMV GROUP 2013, ADVIESBEHEER GIMV HEALTH & CARE 2013, Adviesbeheer Gimv Connected Consumer 2013, ADVIESBEHEER GIMV SMART INDUSTRIES 2013, ADVIESBEHEER GIMV SUSTAINABLE CITIES 2013, GIMV HEALTH & CARE PARTNERS, Adviesbeheer Gimv Group 2016, Adviesbeheer Gimv Smart Industries 2016 +8 more
since 2025 · until 2029
Director · represented by Marc Valentiny
since 2024 · until 2028
since 2024 · until 2027
Shareholders
Euronext Beurs
61.2%
36.5%
op naam Andere aandeelhouders
2.3%
0%
Participations
100%
Gimv Germany Holding GmbH
100%
Gimv France Participations
100%
Gimv Nederland Holding
100%
Dutch Participants Holding 2013 B.V.
100%
99.9%
59.9%
MVZ Holding AG
44.7%
40.8%
40%
34.2%
34.1%
33.7%
29.3%
25.2%
Kinaset Therapeutics
20.9%
20.4%
17.3%
14.5%
12.3%
ImmunOs Therapeutics
11.7%
Complement Therapeutics
11.5%
Dutch Participants Sub-Holding 2016 B.V.
10.7%
Establishments
Establishment units
Physical locations of this company
Karel Oomsstraat 37
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 56 companies are registered at this address.
All companies at this address →Jan Moonen
€ 686,931 revenue · 2025
Wilson
€ 123,804 gross margin · 2025
San Michel
€ 64,813 gross margin · 2025
Immo Alfa
€ 383,148 gross margin · 2025
MOJA
€ 3.8 million gross margin · 2025
+51 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0220.324.117
- VAT number
- BE 0220.324.117
- Registered office
- Karel Oomsstraat 37, 2018 Antwerpen
- Names & denominations
- Gimv
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 1980
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Overige financiële dienstverlening, neg
Overige geldscheppende financiële instellingen
Holdings
Overige activiteiten van geldscheppende financiële instellingen