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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Gevaplast from Gent, company number BE0401073422, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year Gevaplast recorded a gross margin of € 3.3 million and equity of € 11.2 million. Compared with financial year 2024, the result moved from € 6 million to € 1.3 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 July 7, 2026.
€ 11.2 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.4 million.
People and assets in 2025
20
▲ 4.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 47% vs 2024
€ 81,100 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.
€ 1.3 million
▲ 121% vs 2024
Of which on lease € 1.3 million.
Debts at end 2025
€ 12.8 million
▲ 44% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.3 million
▲ 224% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 280,723
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 5,982,121 | - | |
| Gross margin | € 1,814,046 | € 1,984,072 | - | € 3,302,644 | |
| Profit after taxes | € 475,134 | € 566,984 | € 6,026,422 | € 1,275,786 | ▼ 79% |
| Equity | € 3,354,489 | € 3,921,473 | € 9,947,896 | € 11,223,681 | ▲ 13% |
| Total debts | € 17,312,087 | € 16,418,091 | € 10,943,118 | € 16,366,593 | ▲ 50% |
| Cash | € 841,839 | € 671,604 | € 890,585 | € 1,000,486 | ▲ 12% |
| Land & buildings | € 80,280 | € 65,242 | € 46,626 | € 357,035 | ▲ € 310,409 |
| Retained profit | € 2,579,489 | € 3,146,473 | € 9,172,896 | € 10,448,681 | ▲ 14% |
| Bank debt | € 10,355,560 | € 9,211,560 | € 8,916,032 | € 12,840,221 | ▲ 44% |
| Balance sheet total | € 20,666,576 | € 20,339,564 | € 20,891,014 | € 27,590,274 | ▲ 32% |
| Employees (FTE) | 13.4 | 14 | 15.1 | 20 | ▲ 4.9 |
Key figures of Gevaplast, 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 Gevaplast?
What happened at Gevaplast in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▼ 79% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 475,134 profit in 2022 to € 1.3 million profit in 2025.
Paid € 709,218 in corporate taxes since 2022.
Best year ever: 2024, with € 6 million profit.
On average € 165,100 of value added per employee in 2025.
Management
The stake of Pacific Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GevaplastBehind Gevaplast are JACQMAN BV, SYDWELL BV and MUTN BV. The shares are held by Pacific Invest (100%). It owns 100% of BEOLOGIC AUSTRIA, 100% of IMMOLOGIC, 100% of BEOLOGIC, 100% of DEVAPLUS R&D, 100% of DUOLIM and 100% of DEVAPLUS R&C itself.
Directors
According to the 2025 annual accounts
Director · represented by Quint GEVAERT
Also active at: BORALIT, DEVAPLUS R & C, BEOLOGIC, DUOLIM, DEVAPLUS R & D, TECHNIKS, Pacific Invest, INNOLOGIC +2 more
Director · represented by Sydney GEVAERT
Also active at: BORALIT, BEOLOGIC, DUOLIM, DEVAPLUS R & D, TECHNIKS, Pacific Invest, INNOLOGIC, AVERY AGENCY +1 more
Director · represented by Marc THOMETSCHEK
Also active at: BORALIT, BEOLOGIC, DUOLIM, DEVAPLUS R & D, TECHNIKS, Pacific Invest, INNOLOGIC, AVERY AGENCY +2 more
Shareholders
100%
Participations
BEOLOGIC AUSTRIA
100%
100%
100%
100%
100%
100%
100%
100%
44%
Establishments
Establishment units
Physical locations of this company
Industriepark-Drongen 22
9031 Gent
Ambachtenstraat 50
8870 Izegem
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0401.073.422
- VAT number
- BE 0401.073.422
- Registered office
- Industriepark-Drongen 22, 9031 Gent
- Names & denominations
- Gevaplast
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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