Financials
Financial year 2025
GADUS from Nieuwpoort, company number BE0439570544, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year GADUS recorded revenue of € 79 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 159,312 to € 1.9 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 April 22, 2026.
€ 9.4 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ € 1.7 million vs 2024
Profit after tax over the fiscal year.
€ 2.7 million
▲ 273% 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 € 966,537.
People and assets in 2025
82
▲ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.8 million
▲ 3% vs 2024
€ 58,700 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.
€ 246,143
▼ 72% vs 2024
Of which on lease € 115,406.
Debts at end 2025
€ 2.9 million
▼ 41% vs 2024
€ 702,267 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 10.6 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 1.4 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 84,153,365 | € 60,437,443 | € 65,926,356 | € 78,970,111 | ▲ 20% |
| Profit after taxes | € -1,614,916 | € -1,474,086 | € 159,312 | € 1,899,097 | ▲ € 1.7 million |
| Equity | € 2,814,014 | € 3,486,546 | € 7,553,055 | € 9,401,642 | ▲ 24% |
| Total debts | € 18,468,751 | € 13,741,322 | € 14,687,036 | € 14,876,071 | ▲ 1% |
| Cash | € 3,515,238 | € 860,426 | € 716,880 | € 2,676,112 | ▲ 273% |
| Land & buildings | € 1,615,728 | € 2,859,577 | € 6,625,596 | € 6,344,405 | ▼ 4% |
| Retained profit | € 289,025 | € -1,185,061 | € -1,025,749 | € 966,537 | ▲ € 2 million |
| Dividend | € 1,170,023 | € 0 | € 0 | € 0 | |
| Bank debt | € 5,778,268 | € 5,853,823 | € 4,836,892 | € 2,855,334 | ▼ 41% |
| Balance sheet total | € 21,295,265 | € 17,235,195 | € 22,240,124 | € 24,312,734 | ▲ 9% |
| Employees (FTE) | 87.6 | 78.9 | 78.6 | 82 | ▲ 3.4 |
Key figures of GADUS, 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 GADUS?
What happened at GADUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Andri Gunnarsson stepped down as director. NBB
- Sigurbjörn Magnusson stepped down as director. NBB
- Ingveldur Ásta Björnsdóttir stepped down as director. NBB
- Kristrún Audur Vidarsdóttir stepped down as director. NBB
- Björgolfur Johannsson stepped down as director. NBB
- Jóhannes Hauksson stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ € 1.7 million vs 2024). Source: NBB ↗
- Sigurbjörn Magnusson became a director. NBB
In short
From € 1.6 million loss in 2022 to € 1.9 million profit in 2025.
Paid € 104,718 in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
The shares are held by Gadus Fish NV (100%) and Steinasalir Ehf (0%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2023 · until 2028
Ingveldur Ásta Björnsdóttir
Director
since 2022 · until 2028
since 2017 · until 2028
since 2023 · until 2028
since 2021 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Toevluchtweg 15 box A
8620 Nieuwpoort
Toevluchtweg 15 A
8620 Nieuwpoort
Active since 12 February 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
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Hosting & Email
Email provider
Microsoft 365
Hosting
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Website info
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Security
Details
- Company number
- 0439.570.544
- VAT number
- BE 0439.570.544
- Registered office
- Toevluchtweg 15 bus A, 8620 Nieuwpoort
- Names & denominations
- GADUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1989
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- icelandicgadus.be
- Activities · NACE
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