Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 14.8 to 13.3.
-
Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GHELAMCO from Ieper, company number BE0427223830, closed financial year 2024 with a result of € -1.2 million after tax. For that financial year GHELAMCO recorded revenue of € 549,961 and equity of € 7.3 million. Compared with financial year 2023, the result moved from € 3.9 million to € -1.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2025.
€ 7.3 million
▼ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 3.9 million profit in 2023
Profit after tax over the fiscal year.
€ 79,595
▲ 14% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 134,607.
People and assets in 2024
13.3
▼ 1.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 713,213
▼ 9% vs 2023
€ 53,600 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.
€ 19,178
▼ 44% vs 2023
Of which on lease € 3,128.
Debts at end 2024
€ 1.8 million
Loans from banks and other lenders, long and short.
€ 766,108
▼ 37% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 48,233
▼ 67% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,806,403 | € 939,548 | € 861,095 | € 549,961 | ▼ 36% |
| Gross margin | - | - | - | € 388,861 | |
| Profit after taxes | € -2,168,075 | € -3,863,339 | € 3,918,949 | € -1,169,855 | ▼ € 5.1 million |
| Equity | € 1,903,852 | € 4,540,513 | € 8,459,462 | € 7,289,607 | ▼ 14% |
| Total debts | € 10,497,202 | € 2,985,711 | € 3,171,393 | € 2,574,764 | ▼ 19% |
| Cash | € 225,072 | € 68,264 | € 69,606 | € 79,595 | ▲ 14% |
| Land & buildings | € 899,539 | € 844,532 | € 482,370 | € 427,363 | ▼ 11% |
| Retained profit | € -651,148 | € -2,614,487 | € 1,304,462 | € 134,607 | ▼ 90% |
| Bank debt | € 1,276,306 | € 1,260,183 | € 1,753,892 | € 1,750,000 | |
| Balance sheet total | € 12,483,684 | € 10,430,249 | € 12,057,226 | € 10,259,353 | ▼ 15% |
| Employees (FTE) | 16.7 | 14.8 | 14.4 | 13.3 | ▼ 1.1 |
Key figures of GHELAMCO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GHELAMCO?
What happened at GHELAMCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 1.2 million (▼ € 5.1 million vs 2023). filed late Source: NBB ↗
- Kadmos BV stepped down as director. NBB
- Michael Gheysens stepped down as director. NBB
- Kadmos BV became a director. NBB
- Michael Gheysens became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.2 million loss in 2021 to € 1.2 million loss in 2024.
Paid € 174,303 in corporate taxes since 2021.
Best year ever: 2023, with € 3.9 million profit.
On average € 29,200 of value added per employee in 2024.
Management
The shares are held by International Real Estate Services NV (99%) and Paul Gheysens (1%).
Directors
According to the 2024 annual accounts
Managing director · represented by Paul Gheysens
Also active at: STEELCON, BELGIAN TRADING COMPANY, MeetDistrict Gent, INTERNATIONAL REAL ESTATE SERVICES, RING PUBLI
since 2019 · until 2025
Michael Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, R.H.R. - INDUSTRIES, GARAGE S.O.S., CARLTON RETAIL, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES +74 more
since 2019 · until 2025
Shareholders
Paul Gheysens
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
IMMOBILIERE NORTH SEA PROPERTIES same network
€ -130,320 gross margin · 2025
+74 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
- 0427.223.830
- VAT number
- BE 0427.223.830
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- GHELAMCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 1985
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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