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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GAGELMANS from Antwerpen, company number BE0437913725, closed financial year 2025 with a result of € 12,640 after tax. For that financial year GAGELMANS recorded a gross margin of € 982,203 and equity of € 215,637. Compared with financial year 2024, the result moved from € 56,722 to € 12,640. The company is profitable. The buffer shrank hard: equity is 62 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 215,637
▼ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,640
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 38,780
▲ € 36,825 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 369,277 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0.3
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17,175
▼ 79% 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.
€ 2.6 million
▲ 25% vs 2024
Of which on lease € 2.5 million.
Debts at end 2025
€ 2.5 million
▲ 15% vs 2024
€ 792,224 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 131,679
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,415
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 841,016 | € 981,099 | € 943,709 | € 982,203 | ▲ 4% |
| Profit after taxes | € 118,777 | € 9,640 | € 56,722 | € 12,640 | ▼ 78% |
| Equity | € 560,913 | € 515,552 | € 572,274 | € 215,637 | ▼ 62% |
| Total debts | € 2,841,603 | € 2,465,446 | € 2,506,270 | € 2,677,159 | ▲ 7% |
| Cash | € 282 | € 11,172 | € 1,955 | € 38,780 | ▲ € 36,825 |
| Retained profit | € 389,555 | € 344,195 | € 400,916 | € 44,279 | ▼ 89% |
| Dividend | € 210,000 | € 55,000 | € 0 | € 369,277 | |
| Bank debt | € 2,641,637 | € 2,217,635 | € 2,205,240 | € 2,528,681 | ▲ 15% |
| Balance sheet total | € 3,402,515 | € 2,980,998 | € 3,078,544 | € 2,892,796 | ▼ 6% |
| Employees (FTE) | 1 | 1 | 1 | 0.3 | ▼ 0.7 |
Key figures of GAGELMANS, 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 GAGELMANS?
What happened at GAGELMANS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,640 (▼ 78% vs 2024). Source: NBB ↗
- Alstad BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 118,777 profit in 2022 to € 12,640 profit in 2025.
Paid € 70,167 in corporate taxes since 2022.
Best year ever: 2022, with € 118,777 profit.
On average € 943,700 of value added per employee in 2024.
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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 Afbraakwerken van Kempen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GAGELMANSBehind GAGELMANS is Alstad BV. The shares are held by Afbraakwerken van Kempen (100%).
Directors
According to the 2025 annual accounts
Director · represented by Stanny Van Kempen
Owns 49% via Afbraakwerken van Kempen
Also active at: Afbraakwerken van Kempen, A.G.B. Gagelmans
since 2022
Shareholders
Afbraakwerken van Kempen · holding of Alstad BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Westkaai 21
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0437.913.725
- VAT number
- BE 0437.913.725
- Registered office
- Westkaai 21, 2170 Antwerpen
- Names & denominations
- GAGELMANS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1989
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
Overige gespecialiseerde bouwactiviteiten, neg
Verhuur van machines voor de bouwnijverheid met bedieningspersoneel
Overige gespecialiseerde bouwwerkzaamheden
Overige werkzaamheden in verband met de afwerking van gebouwen
Bouwrijp maken van terreinen
Proefboren en boren
Slopen
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