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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GS-MAT SA from Libramont-Chevigny, company number BE0432961280, closed financial year 2025 with a result of € -13,938 after tax. For that financial year GS-MAT SA recorded a gross margin of € -5,807 and equity of € -72,421. Compared with financial year 2024, the result moved from € 43,093 to € -13,938. The company made a loss. 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 September 30, 2026.
€ -72,421
▼ € 13,937 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,938
▼ still € 43,093 profit in 2024
Profit after tax over the fiscal year.
€ 2,651
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -168,921.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 5,842
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,109 | € 10,558 | € 51,960 | € -5,807 | ▼ € 57,767 |
| Profit after taxes | € 8,824 | € 1,954 | € 43,093 | € -13,938 | ▼ € 57,031 |
| Equity | € -103,531 | € -101,577 | € -58,484 | € -72,421 | ▼ € 13,937 |
| Total debts | € 247,194 | € 242,135 | € 265,535 | € 192,218 | ▼ 28% |
| Cash | € 3,551 | € 6,061 | € 23,251 | € 2,651 | ▼ 89% |
| Retained profit | € -200,031 | € -198,077 | € -154,984 | € -168,921 | ▼ € 13,937 |
| Bank debt | € 125,000 | € 125,000 | € 125,000 | € 125,000 | |
| Balance sheet total | € 143,663 | € 140,558 | € 207,051 | € 119,797 | ▼ 42% |
Key figures of GS-MAT SA, 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 GS-MAT SA?
What happened at GS-MAT SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,938 (▼ € 57,031 vs 2024). filed late Source: NBB ↗
- New establishment in Vaux-sur-Sûre. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,824 profit in 2022 to € 13,938 loss in 2025.
Best year ever: 2024, with € 43,093 profit.
Management
The stake of GOEDERT MANUTENTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GS-MAT SABehind GS-MAT SA are ANDRE GOEDERT and NATHALIE STIJNS. The shares are held by GOEDERT MANUTENTION.
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Presseux,Devant le Spinet 62
6800 Libramont-Chevigny
Chaussée de Bastogne,Sibret 58
6640 Vaux-sur-Sûre
Active since 20 January 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0432.961.280
- VAT number
- BE 0432.961.280
- Registered office
- Presseux,Devant le Spinet 62, 6800 Libramont-Chevigny
- Names & denominations
- GS-MAT SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 1988
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- goedert.be
- Activities · NACE
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