Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GF465 from Sint-Katelijne-Waver, company number BE0406924896, closed financial year 2025 with a result of € 41,980 after tax. For that financial year GF465 recorded a gross margin of € 47,621 and equity of € -27,357. Compared with financial year 2024, the result moved from € 23,897 to € 41,980. Profitable, and profit is growing. 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 January 29, 2026.
€ -27,357
▲ € 41,980 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,980
▲ 76% vs 2024
Profit after tax over the fiscal year.
€ 15,578
▲ 194% 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 € -45,949.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 535
▼ 65% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,000
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,731
▲ 10% 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 | € 23,587 | € -73 | € 33,363 | € 47,621 | ▲ 43% |
| Profit after taxes | € 9,606 | € -12,302 | € 23,897 | € 41,980 | ▲ 76% |
| Equity | € -80,932 | € -93,234 | € -69,337 | € -27,357 | ▲ € 41,980 |
| Total debts | € 124,143 | € 142,827 | € 102,998 | € 65,763 | ▼ 36% |
| Cash | € 1,144 | € 6,293 | € 5,291 | € 15,578 | ▲ 194% |
| Retained profit | € -99,524 | € -111,826 | € -87,929 | € -45,949 | ▲ € 41,980 |
| Bank debt | € 25,427 | € 15,016 | € 3,881 | € 0 | ▼ 100% |
| Balance sheet total | € 43,210 | € 49,593 | € 33,662 | € 38,406 | ▲ 14% |
Key figures of GF465, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GF465?
What happened at GF465 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,980 (▲ 76% vs 2024). Source: NBB ↗
- Theofiel Maria Vercammen became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,606 profit in 2022 to € 41,980 profit in 2025.
Best year ever: 2025, with € 41,980 profit.
Management
Behind GF465 is Theofiel Maria Vercammen.
Directors
According to the 2025 annual accounts
Theofiel Maria Vercammen
Administrator-manager
since 2003
Establishments
Establishment units
Physical locations of this company
Muilshoek 31
2860 Sint-Katelijne-Waver
Markgravelei 140
2018 Antwerpen
Active since 1 July 1969
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.924.896
- VAT number
- BE 0406.924.896
- Registered office
- Muilshoek 31, 2860 Sint-Katelijne-Waver
- Names & denominations
- GF465
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1969
- Peppol
- Active · Active since 4 Mar 2026
- Activities · NACE
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