Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEDAR from Waregem, company number BE0439887773, closed financial year 2025 with a result of € 87,373 after tax. For that financial year GEDAR recorded a gross margin of € 214,128 and equity of € 552,717. Compared with financial year 2024, the result moved from € 62,538 to € 87,373. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 552,717
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,373
▲ 40% vs 2024
Profit after tax over the fiscal year.
€ 3,606
▼ 81% 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 € 104,830.
People and assets in 2025
€ 1,920
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 769,294
▼ 16% vs 2024
€ 145,085 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5,339
Supplier invoices still open on the last day of the fiscal year.
€ 6,756
▼ 29% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 217,183 | € 105,039 | € 219,133 | € 214,128 | ▼ 2% |
| Profit after taxes | € 158,102 | € 30,560 | € 62,538 | € 87,373 | ▲ 40% |
| Equity | € 372,245 | € 402,805 | € 465,343 | € 552,717 | ▲ 19% |
| Total debts | € 1,388,219 | € 1,369,463 | € 1,215,223 | € 1,074,740 | ▼ 12% |
| Cash | € 12,944 | € 36,363 | € 19,313 | € 3,606 | ▼ 81% |
| Land & buildings | € 1,413,248 | € 1,457,807 | € 1,431,272 | € 1,399,737 | ▼ 2% |
| Retained profit | € -75,642 | € -45,082 | € 17,456 | € 104,830 | ▲ € 87,373 |
| Bank debt | € 1,219,535 | € 1,049,319 | € 910,829 | € 769,294 | ▼ 16% |
| Balance sheet total | € 1,760,465 | € 1,772,268 | € 1,680,566 | € 1,627,457 | ▼ 3% |
Key figures of GEDAR, 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 GEDAR?
What happened at GEDAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 87,373 (▲ 40% vs 2024). filed late Source: NBB ↗
- Frederic Bulcaen became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 158,102 profit in 2022 to € 87,373 profit in 2025.
Paid € 37,875 in corporate taxes since 2022.
Best year ever: 2022, with € 158,102 profit.
A new publication or filing at GEDAR? We notify you, reason included.
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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 PRACOFUN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GEDARBehind GEDAR is Frederic Bulcaen. The shares are held by PRACOFUN (10.6%).
Directors
According to the 2025 annual accounts
Frederic Bulcaen
Manager
since 2013
Shareholders
10.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Heerweg 67 box 1
8791 Waregem
Grote Heerweg 67
8791 Waregem
Active since 5 September 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0439.887.773
- VAT number
- BE 0439.887.773
- Registered office
- Grote Heerweg 67 bus 1, 8791 Waregem
- Names & denominations
- GEDAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 1990
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
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Holdings