Financials
Financial year 2025
GNAP from Sint-Gillis (bij-Brussel), company number BE0428322702, closed financial year 2025 with a result of € 226,681 after tax. For that financial year GNAP recorded revenue of € 6.5 million and equity of € 6.4 million. Compared with financial year 2024, the result moved from € 273,815 to € 226,681. The company is profitable. 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 July 9, 2026.
€ 6.4 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 226,681
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 264,651
▼ 30% 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 € 779,030.
People and assets in 2025
24.6
▼ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 5% vs 2024
€ 63,000 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.
€ 46,761
▼ 28% 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.
€ 740,719
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 271,037
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 6,529,594 | |
| Gross margin | € 1,701,690 | € 1,896,992 | € 2,213,490 | € 2,073,127 | ▼ 6% |
| Profit after taxes | € 71,213 | € 126,694 | € 273,815 | € 226,681 | ▼ 17% |
| Equity | € 5,740,577 | € 5,867,272 | € 6,141,087 | € 6,367,768 | ▲ 4% |
| Total debts | € 612,449 | € 734,011 | € 1,151,865 | € 1,051,576 | ▼ 9% |
| Cash | € 762,247 | € 794,928 | € 377,185 | € 264,651 | ▼ 30% |
| Land & buildings | € 2,842,742 | € 2,718,463 | € 2,594,183 | € 2,469,903 | ▼ 5% |
| Retained profit | € 151,839 | € 278,534 | € 552,349 | € 779,030 | ▲ 41% |
| Balance sheet total | € 6,353,026 | € 6,601,282 | € 7,292,953 | € 7,419,344 | ▲ 2% |
| Employees (FTE) | 25.3 | 25.8 | 26.9 | 24.6 | ▼ 2.3 |
Key figures of GNAP, 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 GNAP?
What happened at GNAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 226,681 (▼ 17% vs 2024). Source: NBB ↗
- Michele Usuardi stepped down as director. NBB
- Vincenzo Prezioso stepped down as director. NBB
- Fabio Forni stepped down as director. NBB
- Michele Usuardi became a director. NBB
- Vincenzo Prezioso became a director. NBB
- Fabio Forni became a director. NBB
- New establishment in Brussel. KBO
In short
From € 71,213 profit in 2022 to € 226,681 profit in 2025.
Paid € 1,391 in corporate taxes since 2022.
Best year ever: 2024, with € 273,815 profit.
On average € 84,300 of value added per employee in 2025.
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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 COBEMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GNAPThe shares are held by COBEMA (12.2%).
Directors
According to the 2025 annual accounts
Michele Usuardi
Director
since 2020 · until 2026
Vincenzo Prezioso
Managing director
since 2020 · until 2026
Fabio Forni
Managing director
since 2020 · until 2026
Shareholders
12.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 17
1060 Sint-Gillis (bij-Brussel)
Kustlaan 123
8300 Knokke-Heist
Active since 1 February 1986
Louizalaan 17
1050 Brussel
Active since 10 May 1983
Rue de Champles 61-63
1301 Wavre
Active since 12 June 2003
Huidevettersstraat 31
2000 Antwerpen
Active since 1 October 1992
Zetellaan(E) 139
3630 Maasmechelen
Active since 12 October 2013
Nieuwstraat 111
1000 Brussel
Active since 30 August 2014
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.322.702
- VAT number
- BE 0428.322.702
- Registered office
- Louizalaan 17, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- GNAP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 1986
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Detailhandel in damesbovenkleding
Groothandel in huishoudtextiel en beddengoed
Groothandel in textiel
Detailhandel in schoeisel
Groothandel in schoeisel
Detailhandel in huishoudtextiel en beddengoed
Detailhandel in textiel