Financials
Financial year 2025
GARSOU-ANGENOT from Thimister-Clermont, company number BE0402335214, closed financial year 2025 with a result of € 835,832 after tax. For that financial year GARSOU-ANGENOT recorded revenue of € 16.4 million and equity of € 7.5 million. Compared with financial year 2024, the result moved from € 710,348 to € 835,832. Profitable, and profit is growing. 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.
€ 7.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 835,832
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
60 % of the profit went to the shareholders, mostly to Holding G-A (100 % of the shares). That is where the money ends up.
People and assets in 2025
51
▲ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▲ 12% vs 2024
€ 61,200 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.
€ 1.4 million
▲ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.8 million
▼ 7% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.1 million
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 520,665
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,918,028 | € 14,801,241 | € 14,699,784 | € 16,423,049 | ▲ 12% |
| Profit after taxes | € 1,325,137 | € 879,275 | € 710,348 | € 835,832 | ▲ 18% |
| Equity | € 6,145,730 | € 6,892,471 | € 7,338,551 | € 7,513,250 | ▲ 2% |
| Total debts | € 7,950,555 | € 9,489,504 | € 10,197,146 | € 10,063,513 | ▼ 1% |
| Cash | € 1,701,088 | € 403,953 | € 1,032,209 | € 1,351,319 | ▲ 31% |
| Land & buildings | € 8,573,002 | € 11,333,538 | € 11,451,458 | € 10,911,372 | ▼ 5% |
| Retained profit | € 5,175,582 | € 5,931,248 | € 6,057,304 | € 6,304,256 | ▲ 4% |
| Dividend | € 650,000 | € 0 | € 500,000 | € 500,000 | |
| Bank debt | € 5,732,460 | € 8,094,042 | € 8,344,628 | € 7,768,610 | ▼ 7% |
| Balance sheet total | € 14,207,925 | € 16,483,845 | € 17,627,796 | € 17,659,091 | |
| Employees (FTE) | 37.1 | 46.3 | 47.6 | 51 | ▲ 3.4 |
Key figures of GARSOU-ANGENOT, 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 GARSOU-ANGENOT?
What happened at GARSOU-ANGENOT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cédric CAPELLE stepped down as director. NBB
- Christophe IMMEL stepped down as director. NBB
- Michel HORN stepped down as director. NBB
- SPIN 111 SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 835,832 (▲ 18% vs 2024). Source: NBB ↗
- DGMH SRL stepped down as director. NBB
- DGMH SRL became a director. NBB
- Michel HORN became a director. NBB
In short
From € 1.3 million profit in 2022 to € 835,832 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.3 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
The stake of Holding G-A comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARSOU-ANGENOTThe shares are held by Holding G-A (99.7%).
Directors
According to the 2025 annual accounts
Director · represented by David GRAITSON
since 2025 · until 2026
Michel HORN
Director
since 2025 · until 2028
since 2023 · until 2029
since 2023 · until 2029
Chairman of the board · represented by Pierre JOLY
since 2025 · until 2028
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Abot 5
4890 Thimister-Clermont
Bedrijvenzone Machelen-Cargo 706
1830 Machelen (Brab.)
Active since 1 December 2003
Rue du Bosquet 4
4890 Thimister-Clermont
Active since 1 February 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Outlook.com (free)
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0402.335.214
- VAT number
- BE 0402.335.214
- Registered office
- Rue Abot 5, 4890 Thimister-Clermont
- Names & denominations
- GARSOU-ANGENOT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 1964
- Peppol
- Active · Active since 29 Jul 2025
- Contact
- garsou-angenot.be
- Activities · NACE
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