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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEKEL from Kelmis, company number BE0418449684, closed financial year 2025 with a result of € -51,116 after tax. For that financial year GEKEL recorded revenue of € 7.1 million and equity of € 218,189. Compared with financial year 2024, the result moved from € 27,629 to € -51,116. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 218,189
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,116
▼ still € 27,629 profit in 2024
Profit after tax over the fiscal year.
€ 79,058
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 119,032.
People and assets in 2025
19.4
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 688,846
▲ 6% vs 2024
€ 35,500 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.
€ 23,140
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 73,463
▼ 46% vs 2024
€ 71,466 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 993,629
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 107,958
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,184,777 | € 7,515,782 | € 7,406,652 | € 7,070,024 | ▼ 5% |
| Gross margin | € 996,319 | € 888,102 | € 894,721 | € 769,077 | ▼ 14% |
| Profit after taxes | € -1,547 | € 43,099 | € 27,629 | € -51,116 | ▼ € 78,745 |
| Equity | € 198,577 | € 241,676 | € 269,305 | € 218,189 | ▼ 19% |
| Total debts | € 1,514,304 | € 1,450,950 | € 1,318,053 | € 1,302,524 | ▼ 1% |
| Cash | € 142,078 | € 204,230 | € 90,498 | € 79,058 | ▼ 13% |
| Retained profit | € 99,420 | € 142,519 | € 170,148 | € 119,032 | ▼ 30% |
| Bank debt | € 322,682 | € 230,707 | € 136,456 | € 73,463 | ▼ 46% |
| Balance sheet total | € 1,712,880 | € 1,692,626 | € 1,587,358 | € 1,520,713 | ▼ 4% |
| Employees (FTE) | 19.5 | 17.9 | 19 | 19.4 | ▲ 0.4 |
Key figures of GEKEL, 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 GEKEL?
What happened at GEKEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- André LEGRAND stepped down as director. NBB
- Christophe THIRY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 51,116 (▼ € 78,745 vs 2024). Source: NBB ↗
- André LEGRAND became a director. NBB
- Christophe THIRY became a director. NBB
- New establishment in Kelmis. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,547 loss in 2022 to € 51,116 loss in 2025.
Paid € 102,586 in corporate taxes since 2022.
Best year ever: 2023, with € 43,099 profit.
On average € 39,600 of value added per employee in 2025.
Management
The shares are held by ARCADE SA (99%) and CHRISTOPHE THIRY (1%).
Directors
According to the 2025 annual accounts
André LEGRAND
Managing director
Also active at: VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO, new z.f.l. +2 more
since 2025 · until 2031
Christophe THIRY
Managing director
Owns 1% directly
Also active at: VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO, new z.f.l. +2 more
since 2025 · until 2031
Shareholders
99%
CHRISTOPHE THIRY · director
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place de l'Eglise 34
4720 Kelmis
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.449.684
- VAT number
- BE 0418.449.684
- Registered office
- Place de l'Eglise 34, 4720 Kelmis
- Names & denominations
- GEKEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 1978
- Peppol
- Active · Active since 1 Oct 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Detailhandel in elektrische huishoudapparaten
Detailhandel in kranten en andere tijdschriften
Detailhandel in dranken, algemeen assortiment
Detailhandel in huishoudtextiel en beddengoed
Detailhandel in textiel
+4