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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Giselan from Aalst, company number BE0400299895, closed financial year 2025 with a result of € -105,741 after tax. For that financial year Giselan recorded a gross margin of € 57,944 and equity of € -426,975. Compared with financial year 2024, the result moved from € 7,272 to € -105,741. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ -426,975
▼ € 105,741 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,741
▼ still € 7,272 profit in 2024
Profit after tax over the fiscal year.
€ 1,959
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
2.7
Average over the fiscal year, from the social balance sheet.
€ 115,188
▼ 24% vs 2024
€ 42,700 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.
€ 773
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 280,989
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 2,188
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,094
▼ 86% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 108,871 | € 139,069 | € 215,762 | € 57,944 | ▼ 73% |
| Profit after taxes | € -88,867 | € -54,672 | € 7,272 | € -105,741 | ▼ € 113,014 |
| Equity | € -273,834 | € -328,506 | € -321,234 | € -426,975 | ▼ € 105,741 |
| Total debts | € 1,314,817 | € 1,356,920 | € 1,274,466 | € 1,253,005 | ▼ 2% |
| Cash | € 37,345 | € 36,004 | € 39,705 | € 1,959 | ▼ 95% |
| Land & buildings | € 825,062 | € 807,782 | € 790,832 | € 784,017 | ▼ 1% |
| Retained profit | € -1,023,774 | € -1,078,446 | € -1,071,173 | € -1,176,915 | ▼ € 105,741 |
| Bank debt | € 258,538 | € 256,952 | € 250,052 | € 280,989 | ▲ 12% |
| Balance sheet total | € 1,040,982 | € 1,028,414 | € 953,233 | € 826,029 | ▼ 13% |
| Employees (FTE) | 2.7 | 2.7 | 2.7 | 2.7 |
Key figures of Giselan, 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 Giselan?
What happened at Giselan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Anne Verdoodt stepped down as director. NBB
- Margriet Verdoodt stepped down as director. NBB
- Bart Verbeiren stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 105,741 (▼ € 113,014 vs 2024). Source: NBB ↗
- Anne Verdoodt became a director. NBB
- Margriet Verdoodt became a director. NBB
- Bart Verbeiren became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 88,867 loss in 2022 to € 105,741 loss in 2025.
Paid € 1,056 in corporate taxes since 2022.
Best year ever: 2024, with € 7,272 profit.
On average € 21,500 of value added per employee in 2025.
Management
Establishments
Establishment units
Physical locations of this company
Hogeweg 103
9320 Aalst
Hogeweg 94
9320 Aalst
Active since 1 November 1965
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.299.895
- VAT number
- BE 0400.299.895
- Registered office
- Hogeweg 103, 9320 Aalst
- Names & denominations
- Giselan
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Dec 2025