What is the address of G.D.W.?

The registered office of G.D.W. is located at Hoogmolenwegel 21, 8790 Waregem.

Is G.D.W. still active?

Yes. According to the CBE (30 October 2026) G.D.W. is active, legal situation “Normale toestand”, started on 30 July 1967.

Is G.D.W. registered on Peppol?

Yes, G.D.W. is registered on the Peppol network with ID 0208:0405400711.

What is the enterprise number of G.D.W.?

The enterprise number of G.D.W. is BE0405400711.

When was G.D.W. founded?

G.D.W. was founded on 30 July 1967.

Who are the directors of G.D.W.?

According to the 2025 annual accounts, the directors of G.D.W. are: GDW Group NV.

Is G.D.W. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 July 1967; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did G.D.W. make in 2025?

G.D.W. posted a profit after taxes of € 5,613,772 in financial year 2025.

What is the revenue of G.D.W.?

In its most recent annual accounts (2025), G.D.W. reported revenue of € 35,207,504.

How much does an employee at G.D.W. earn?

The average wage cost per full-time employee at G.D.W. was € 60,000 in 2025: staff costs of € 6 million for 99.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does G.D.W. have?

According to the 2025 annual accounts, G.D.W. has 99.8 full-time equivalents (FTE).

G.D.W. (Public Limited) - Waregem - BE0405400711

Q: What does G.D.W. do?

G.D.W. is registered with the CBE as active in: Vervaardiging van andere delen en toebehoren voor motorvoertuigen. Public Limited, started on 30 July 1967, 2 establishments.

Dossier G.D.W., printed on 30 October 2026 from databakkes.be/en/0405400711/g-d-w. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

G.D.W. from Waregem, company number BE0405400711, closed financial year 2025 with a result of € 5.6 million after tax. For that financial year G.D.W. recorded revenue of € 35.2 million and equity of € 18 million. Compared with financial year 2024, the result moved from € 4.2 million to € 5.6 million. 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 May 11, 2026.

What it is worth Growing

€ 18 million

▲ 12% vs 2024

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

Profit Growing

€ 5.6 million

▲ 35% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.5 million

▼ 48% vs 2024

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

Where the profit goes Pays out

€ 3.8 million paid out

67 % of the profit went to the shareholders, mostly to GDW HOLDING (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

99.8

▲ 12.4 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6 million

▲ 18% vs 2024

€ 60,000 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.

Vehicles and equipment

€ 818,386

▼ 30% vs 2024

Of which on lease € 235,659.

Debts at end 2025

Bank debt ≈ 2 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.

€ 6.2 million

▼ 19% vs 2024

€ 582,019 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 1 million

▼ 58% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 18 days on average.

Taxes and wages

€ 748,016

▼ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 25,170,383 Revenue 2022: € 25,170,383 First fiscal year in the series	€ 29,061,511 Revenue 2023: € 29,061,511 ▲ 15% vs 2022 (€ 25,170,383) Favourable step	€ 31,244,531 Revenue 2024: € 31,244,531 ▲ 8% vs 2023 (€ 29,061,511) Favourable step	€ 35,207,504 Revenue 2025: € 35,207,504 ▲ 13% vs 2024 (€ 31,244,531) Favourable step	▲ 13%
Profit after taxes	€ 3,343,540 Profit after taxes 2022: € 3,343,540 First fiscal year in the series	€ 4,867,547 Profit after taxes 2023: € 4,867,547 ▲ 46% vs 2022 (€ 3,343,540) Favourable step	€ 4,156,688 Profit after taxes 2024: € 4,156,688 ▼ 15% vs 2023 (€ 4,867,547) Unfavourable step	€ 5,613,772 Profit after taxes 2025: € 5,613,772 ▲ 35% vs 2024 (€ 4,156,688) Favourable step	▲ 35%
Equity	€ 9,157,249 Equity 2022: € 9,157,249 First fiscal year in the series	€ 12,889,708 Equity 2023: € 12,889,708 ▲ 41% vs 2022 (€ 9,157,249) Favourable step	€ 16,144,300 Equity 2024: € 16,144,300 ▲ 25% vs 2023 (€ 12,889,708) Favourable step	€ 18,018,420 Equity 2025: € 18,018,420 ▲ 12% vs 2024 (€ 16,144,300) Favourable step	▲ 12%
Total debts	€ 16,790,878 Total debts 2022: € 16,790,878 First fiscal year in the series	€ 12,588,813 Total debts 2023: € 12,588,813 ▼ 25% vs 2022 (€ 16,790,878) Favourable step	€ 11,922,124 Total debts 2024: € 11,922,124 ▼ 5% vs 2023 (€ 12,588,813) Favourable step	€ 11,765,068 Total debts 2025: € 11,765,068 ▼ 1% vs 2024 (€ 11,922,124) Favourable step	▼ 1%
Cash	€ 2,468,625 Cash 2022: € 2,468,625 First fiscal year in the series	€ 1,674,838 Cash 2023: € 1,674,838 ▼ 32% vs 2022 (€ 2,468,625) Unfavourable step	€ 2,939,798 Cash 2024: € 2,939,798 ▲ 76% vs 2023 (€ 1,674,838) Favourable step	€ 1,540,145 Cash 2025: € 1,540,145 ▼ 48% vs 2024 (€ 2,939,798) Unfavourable step	▼ 48%
Land & buildings	€ 3,436,099 Land & buildings 2022: € 3,436,099 First fiscal year in the series	€ 3,372,546 Land & buildings 2023: € 3,372,546 ▼ 2% vs 2022 (€ 3,436,099) Unchanged	€ 3,599,171 Land & buildings 2024: € 3,599,171 ▲ 7% vs 2023 (€ 3,372,546) Unchanged	€ 3,696,410 Land & buildings 2025: € 3,696,410 ▲ 3% vs 2024 (€ 3,599,171) Unchanged	▲ 3%
Retained profit	€ 8,463,749 Retained profit 2022: € 8,463,749 First fiscal year in the series	€ 12,231,296 Retained profit 2023: € 12,231,296 ▲ 45% vs 2022 (€ 8,463,749) Favourable step	€ 15,387,983 Retained profit 2024: € 15,387,983 ▲ 26% vs 2023 (€ 12,231,296) Favourable step	€ 17,251,756 Retained profit 2025: € 17,251,756 ▲ 12% vs 2024 (€ 15,387,983) Favourable step	▲ 12%
Dividend	€ 8,200,000 Dividend 2022: € 8,200,000 First fiscal year in the series	€ 1,100,000 Dividend 2023: € 1,100,000 ▼ 87% vs 2022 (€ 8,200,000) Unchanged	€ 1,000,000 Dividend 2024: € 1,000,000 ▼ 9% vs 2023 (€ 1,100,000) Unchanged	€ 3,750,000 Dividend 2025: € 3,750,000 ▲ 275% vs 2024 (€ 1,000,000) Unchanged	▲ 275%
Bank debt	€ 6,628,796 Bank debt 2022: € 6,628,796 First fiscal year in the series	€ 8,767,921 Bank debt 2023: € 8,767,921 ▲ 32% vs 2022 (€ 6,628,796) Unfavourable step	€ 7,589,993 Bank debt 2024: € 7,589,993 ▼ 13% vs 2023 (€ 8,767,921) Favourable step	€ 6,160,869 Bank debt 2025: € 6,160,869 ▼ 19% vs 2024 (€ 7,589,993) Favourable step	▼ 19%
Balance sheet total	€ 26,052,627 Balance sheet total 2022: € 26,052,627 First fiscal year in the series	€ 25,571,324 Balance sheet total 2023: € 25,571,324 ▼ 2% vs 2022 (€ 26,052,627) Unchanged	€ 28,191,864 Balance sheet total 2024: € 28,191,864 ▲ 10% vs 2023 (€ 25,571,324) Unchanged	€ 29,828,169 Balance sheet total 2025: € 29,828,169 ▲ 6% vs 2024 (€ 28,191,864) Unchanged	▲ 6%
Employees (FTE)	87.1 Employees (FTE) 2022: 87.1 First fiscal year in the series	84.4 Employees (FTE) 2023: 84.4 ▼ 2.7 vs 2022 (87.1) Unchanged	87.4 Employees (FTE) 2024: 87.4 ▲ 3 vs 2023 (84.4) Unchanged	99.8 Employees (FTE) 2025: 99.8 ▲ 12.4 vs 2024 (87.4) Unchanged	▲ 12.4

Key figures of G.D.W., 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 G.D.W.?

What happened at G.D.W. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 11, 2026 New annual accounts for financial year 2025: profit of € 5.6 million (▲ 35% vs 2024). Source: NBB ↗
2023 GDW Group NV became a director. NBB
Oct 1, 2008 New establishment in Mouscron. KBO
Aug 1, 1967 New establishment in Waregem. KBO
Jul 30, 1967 Start of the company according to the CBE. KBO

In short

From € 3.3 million profit in 2022 to € 5.6 million profit in 2025.

Paid € 4.6 million in corporate taxes since 2022.

Best year ever: 2025, with € 5.6 million profit.

Paid out € 14.1 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

GDW HOLDING 100%

GDW Group 100%

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

G.D.W.

Boisnier SAS 100%

Behind G.D.W. is GDW Group NV. The shares are held by GDW HOLDING (100%) and GDW Group (100%). It owns 100% of Boisnier SAS itself.

Directors

According to the 2025 annual accounts

GDW Group NV

Director · represented by Gregory Saelens

Owns 100% via GDW HOLDING

Also active at: GDW HOLDING

since 2023

Shareholders

GDW HOLDING · holding of GDW Group NV

100%

GDW Group

100%

Participations

Boisnier SAS

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Hoogmolenwegel 21

8790 Waregem

2.001.566.591

Hoogmolenwegel 23

8790 Waregem

Active since 1 August 1967

2.173.452.373

André Dujardindreef(L) 2

7700 Mouscron

Active since 1 October 2008

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 →

Lima Invest

€ 229,866 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0405.400.711

VAT number

BE 0405.400.711

Registered office

Hoogmolenwegel 21, 8790 Waregem

Names & denominations

G.D.W.

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 July 1967

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van andere delen en toebehoren voor motorvoertuigen

Vervaardiging van onderdelen en accessoires voor motorvoertuigen en motoren daarvan

Vervaardiging van carrosserieën en aanhangwagens

Reparatie en onderhoud van producten van metaal

Smeden van metaal

View on CBE Public ↗ Annual accounts (NBB) ↗

G.D.W.

Warning lights

Financials

What happened to G.D.W.?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions