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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GELCO from Beveren-Kruibeke-Zwijndrecht, company number BE0427958060, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year GELCO recorded revenue of € 2.7 million and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.6 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 October 27, 2025.
€ 13.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 286,001
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.6 million paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
5
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 425,407
▼ 12% vs 2024
€ 85,100 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.
€ 34,799
▲ € 29,562 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.
€ 34,440
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 85,640
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,615,863 | € 2,026,662 | € 2,332,084 | € 2,670,593 | ▲ 15% |
| Profit after taxes | € 795,715 | € 1,041,960 | € 1,338,086 | € 1,579,936 | ▲ 18% |
| Equity | € 13,916,003 | € 13,913,963 | € 13,913,149 | € 13,917,843 | |
| Total debts | € 1,176,588 | € 1,323,689 | € 1,894,381 | € 1,823,617 | ▼ 4% |
| Cash | € 2,984,807 | € 222,093 | € 234,210 | € 286,001 | ▲ 22% |
| Land & buildings | € 8,504,285 | € 8,595,210 | € 8,327,803 | € 8,030,477 | ▼ 4% |
| Retained profit | € 13,166,003 | € 13,163,963 | € 13,163,149 | € 13,167,843 | |
| Dividend | € 963,000 | € 1,044,000 | € 1,338,900 | € 1,575,241 | ▲ 18% |
| Balance sheet total | € 15,093,634 | € 15,238,640 | € 15,811,130 | € 15,746,630 | |
| Employees (FTE) | 5 | 5.9 | 5.9 | 5 | ▼ 0.9 |
Key figures of GELCO, 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 November 2026.
What happened to GELCO?
What happened at GELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▲ 18% vs 2024). Source: NBB ↗
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 795,715 profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 million profit.
Paid out € 4.9 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SWEET HOLDING, MEYERICK, THOMI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GELCOBehind GELCO are Catherine BV, Pejamax BV, Tho Sweets BV, Jugi BV, PMG Consult BV and M&A Chocolates BV. The shares are held by SWEET HOLDING (33.3%), MEYERICK (33.3%) and THOMI (33.3%). It owns 10% of Royal Chocolates NV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Marcia Geltmeyer
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, THOMI, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Managing director · represented by Wim Geltmeyer
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, SWEET HOLDING, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Director · represented by Thomas Caenepeel
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Managing director · represented by Tom Geltmeyer
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, MEYERICK, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Director · represented by Peter-Jan Geltmeyer
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Director · represented by Michael Caenepeel
Also active at: HAMLET, PRALINART, SWEET LOGISTICS, HAMLET INTERNATIONAL, A & A CHOCOLATERIE
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Grote Kerkstraat 77
9120 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.958.060
- VAT number
- BE 0427.958.060
- Registered office
- Grote Kerkstraat 77, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- GELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 1985
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Activiteiten van holdings
Financiële lease
Financiële leasing
Holdings
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Beheer van overig onroerend goed