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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GASPART from Gent, company number BE0434819029, closed financial year 2025 with a result of € -6,189 after tax. For that financial year GASPART recorded a gross margin of € 44,293 and equity of € 7,269. Compared with financial year 2024, the result moved from € 24,341 to € -6,189. 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 July 30, 2026.
€ 7,269
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,189
▼ still € 24,341 profit in 2024
Profit after tax over the fiscal year.
€ 7,331
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11,331.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,147
▲ € 32,493 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,223
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21,436
▼ 24% vs 2024
€ 6,218 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11,193
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,918
▲ 113% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,950 | € 3,112 | € 51,181 | € 44,293 | ▼ 13% |
| Profit after taxes | € 6,621 | € -8,098 | € 24,341 | € -6,189 | ▼ € 30,530 |
| Equity | € -2,785 | € -10,882 | € 13,459 | € 7,269 | ▼ 46% |
| Total debts | € 93,335 | € 84,169 | € 69,122 | € 67,298 | ▼ 3% |
| Cash | € 216 | € 21 | € 14,556 | € 7,331 | ▼ 50% |
| Retained profit | € -21,385 | € -29,482 | € -5,141 | € -11,331 | ▼ € 6,189 |
| Bank debt | € 45,544 | € 36,383 | € 28,219 | € 21,436 | ▼ 24% |
| Balance sheet total | € 90,550 | € 73,287 | € 82,581 | € 74,567 | ▼ 10% |
Key figures of GASPART, 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 GASPART?
What happened at GASPART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,189 (▼ € 30,530 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Frank De Busscher became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,621 profit in 2022 to € 6,189 loss in 2025.
Paid € 1,692 in corporate taxes since 2022.
Best year ever: 2024, with € 24,341 profit.
Management
Behind GASPART is Frank De Busscher.
Directors
According to the 2025 annual accounts
Frank De Busscher
Director
since 1988
Establishments
Establishment units
Physical locations of this company
Meulesteedsesteenweg 400 box B
9000 Gent
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
PREVIDER-AS, NL
Website info
Features
Security
Network
Details
- Company number
- 0434.819.029
- VAT number
- BE 0434.819.029
- Registered office
- Meulesteedsesteenweg 400 bus B, 9000 Gent
- Names & denominations
- GASPART
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 1988
- Peppol
- Active · Active since 1 Apr 2025
- Contact
- gaspart-frames.be
- Activities · NACE
Literaire creatie
Overige detailhandel in nieuwe artikelen neg
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
Scheppende kunsten, m.u.v. ondersteunende diensten
Overige industrie, neg
Detailhandel in huismeubilair
Detailhandel in meubels
Overige industrie, n.e.g.
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