Gifar is a property company in Kortrijk. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of Gifar?

The registered office of Gifar is located at Deken Degryselaan(Kor) 23, 8500 Kortrijk.

Is Gifar still active?

Yes. According to the CBE (29 October 2026) Gifar is active, legal situation “Normale toestand”, started on 1 January 1968.

Is Gifar registered on Peppol?

Yes, Gifar is registered on the Peppol network with ID 0208:0401595044.

What is the enterprise number of Gifar?

The enterprise number of Gifar is BE0401595044.

When was Gifar founded?

Gifar was founded on 1 January 1968.

Who are the directors of Gifar?

According to the 2025 annual accounts, the directors of Gifar are: Cavahold BV, Thomas Goethals.

Is Gifar a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Gifar make in 2025?

Gifar posted a profit after taxes of € 261,388 in financial year 2025.

What is the revenue of Gifar?

As a small company, Gifar is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,102,406.

How many employees does Gifar have?

According to the 2025 annual accounts, Gifar has 0 full-time equivalents (FTE).

Gifar (Public Limited) - Kortrijk - BE0401595044

Dossier Gifar, printed on 29 October 2026 from databakkes.be/en/0401595044/gifar. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Gifar from Kortrijk, company number BE0401595044, closed financial year 2025 with a result of € 261,388 after tax. For that financial year Gifar recorded a gross margin of € 1.1 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 1.3 million to € 261,388. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Growing

€ 4.2 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 261,388

▼ 80% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 181,361

▼ 86% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 3.8 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Vehicles and equipment

€ 4.6 million

▼ 4% vs 2024

Of which on lease € 4.6 million.

Debts at end 2025

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 9.8 million

▼ 7% vs 2024

€ 793,143 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 246,339

▲ 254% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 329,309

▲ 69% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 625,527 Gross margin 2022: € 625,527 First fiscal year in the series	€ 663,140 Gross margin 2023: € 663,140 ▲ 6% vs 2022 (€ 625,527) Favourable step	€ 2,378,964 Gross margin 2024: € 2,378,964 ▲ 259% vs 2023 (€ 663,140) Favourable step	€ 1,102,406 Gross margin 2025: € 1,102,406 ▼ 54% vs 2024 (€ 2,378,964) Unfavourable step	▼ 54%
Profit after taxes	€ 6,386,238 Profit after taxes 2022: € 6,386,238 First fiscal year in the series	€ -368,341 Profit after taxes 2023: € -368,341 ▼ € 6.8 million vs 2022 (€ 6,386,238) Unfavourable step	€ 1,275,212 Profit after taxes 2024: € 1,275,212 ▲ € 1.6 million vs 2023 (€ -368,341) Favourable step	€ 261,388 Profit after taxes 2025: € 261,388 ▼ 80% vs 2024 (€ 1,275,212) Unfavourable step	▼ 80%
Equity	€ 3,029,873 Equity 2022: € 3,029,873 First fiscal year in the series	€ 2,661,532 Equity 2023: € 2,661,532 ▼ 12% vs 2022 (€ 3,029,873) Unfavourable step	€ 3,936,743 Equity 2024: € 3,936,743 ▲ 48% vs 2023 (€ 2,661,532) Favourable step	€ 4,198,131 Equity 2025: € 4,198,131 ▲ 7% vs 2024 (€ 3,936,743) Favourable step	▲ 7%
Total debts	€ 7,573,653 Total debts 2022: € 7,573,653 First fiscal year in the series	€ 12,653,875 Total debts 2023: € 12,653,875 ▲ 67% vs 2022 (€ 7,573,653) Unfavourable step	€ 11,025,620 Total debts 2024: € 11,025,620 ▼ 13% vs 2023 (€ 12,653,875) Favourable step	€ 10,585,888 Total debts 2025: € 10,585,888 ▼ 4% vs 2024 (€ 11,025,620) Favourable step	▼ 4%
Cash	€ 296,594 Cash 2022: € 296,594 First fiscal year in the series	€ 154,376 Cash 2023: € 154,376 ▼ 48% vs 2022 (€ 296,594) Unfavourable step	€ 1,314,245 Cash 2024: € 1,314,245 ▲ € 1.2 million vs 2023 (€ 154,376) Favourable step	€ 181,361 Cash 2025: € 181,361 ▼ 86% vs 2024 (€ 1,314,245) Unfavourable step	▼ 86%
Land & buildings	€ 1,843,358 Land & buildings 2022: € 1,843,358 First fiscal year in the series	€ 1,734,691 Land & buildings 2023: € 1,734,691 ▼ 6% vs 2022 (€ 1,843,358) Unchanged	€ 1,112,030 Land & buildings 2024: € 1,112,030 ▼ 36% vs 2023 (€ 1,734,691) Unchanged	€ 1,522,962 Land & buildings 2025: € 1,522,962 ▲ 37% vs 2024 (€ 1,112,030) Unchanged	▲ 37%
Retained profit	€ 2,677,213 Retained profit 2022: € 2,677,213 First fiscal year in the series	€ 2,308,872 Retained profit 2023: € 2,308,872 ▼ 14% vs 2022 (€ 2,677,213) Unfavourable step	€ 3,584,083 Retained profit 2024: € 3,584,083 ▲ 55% vs 2023 (€ 2,308,872) Favourable step	€ 3,845,471 Retained profit 2025: € 3,845,471 ▲ 7% vs 2024 (€ 3,584,083) Favourable step	▲ 7%
Dividend	€ 6,562,706 Dividend 2022: € 6,562,706 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 6,562,706) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 6,810,241 Bank debt 2022: € 6,810,241 First fiscal year in the series	€ 11,326,621 Bank debt 2023: € 11,326,621 ▲ 66% vs 2022 (€ 6,810,241) Unfavourable step	€ 10,569,286 Bank debt 2024: € 10,569,286 ▼ 7% vs 2023 (€ 11,326,621) Favourable step	€ 9,794,461 Bank debt 2025: € 9,794,461 ▼ 7% vs 2024 (€ 10,569,286) Favourable step	▼ 7%
Balance sheet total	€ 11,158,084 Balance sheet total 2022: € 11,158,084 First fiscal year in the series	€ 15,860,359 Balance sheet total 2023: € 15,860,359 ▲ 42% vs 2022 (€ 11,158,084) Unchanged	€ 15,770,031 Balance sheet total 2024: € 15,770,031 ▼ 1% vs 2023 (€ 15,860,359) Unchanged	€ 15,555,780 Balance sheet total 2025: € 15,555,780 ▼ 1% vs 2024 (€ 15,770,031) Unchanged	▼ 1%

Key figures of Gifar, 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 Gifar?

What happened at Gifar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 31, 2026 New annual accounts for financial year 2025: profit of € 261,388 (▼ 80% vs 2024). filed late Source: NBB ↗
2026 Cavahold BV stepped down as director. NBB
2026 Thomas Goethals stepped down as director. NBB
2020 Cavahold BV became a director. NBB
2020 Thomas Goethals became a director. NBB
Jan 1, 1968 Start of the company according to the CBE. KBO
Mar 1, 1961 New establishment in Kortrijk. KBO

In short

From € 6.4 million profit in 2022 to € 261,388 profit in 2025.

Paid € 454,864 in corporate taxes since 2022.

Best year ever: 2022, with € 6.4 million profit.

Paid out € 6.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

CAVAHOLD 100%

The stake of CAVAHOLD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Gifar

Whitlock 50%

The shares are held by CAVAHOLD (100%). It owns 50% of Whitlock itself.

Directors

According to the 2025 annual accounts

Cavahold BV

Managing director · represented by Vanbiervliet Caroline

Also active at: MAVAN, Himmovar, BIVERMA, ACASTUS, FABRICE INTERNATIONAL, MARMAD, ORION - MARKE, ADMETUS

since 2020 · until 2026

Thomas Goethals

Managing director

Also active at: MAVAN, Himmovar, BIVERMA, ORION - MARKE, D & D Furniture, HUIS D'HAENENS, LES JARDINS D'ADRIENNE, MAGvIC +3 more

since 2020 · until 2026

Shareholders

CAVAHOLD

100%

Participations

Whitlock

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Deken Degryselaan(Kor) 23

8500 Kortrijk

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.

All companies at this address →

MAVAN same network

€ -2,764 gross margin · 2025

BIVERMA same network

€ 209,192 gross margin · 2025

FABRICE INTERNATIONAL same network

€ 148,949 gross margin · 2025

MARMAD same network

€ 463,158 gross margin · 2025

ORION - MARKE same network

€ 1,449 gross margin · 2025

+4 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: 0401.595.044
VAT number: BE 0401.595.044
Registered office: Deken Degryselaan(Kor) 23, 8500 Kortrijk
Names & denominations: Gifar
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 1 January 1968
Peppol: Active · Active since 26 Nov 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗