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 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
G.S.D. from Oostende, company number BE0442093831, closed financial year 2025 with a result of € 83,982 after tax. For that financial year G.S.D. recorded a gross margin of € 205,905 and equity of € 335,516. Compared with financial year 2024, the result moved from € 33,661 to € 83,982. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 335,516
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,982
▲ 149% vs 2024
Profit after tax over the fiscal year.
€ 31,173
▲ 197% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 71,332
▲ € 65,492 vs 2024
Of which on lease € 53,386.
Debts at end 2025
€ 261,732
▲ 8% vs 2024
€ 46,298 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 7,798
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,525
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 157,478 | € 100,073 | € 119,111 | € 205,905 | ▲ 73% |
| Profit after taxes | € 63,040 | € 18,709 | € 33,661 | € 83,982 | ▲ 149% |
| Equity | € 409,663 | € 317,873 | € 351,534 | € 335,516 | ▼ 5% |
| Total debts | € 339,623 | € 427,300 | € 289,240 | € 395,618 | ▲ 37% |
| Cash | € 108,751 | € 119,128 | € 10,500 | € 31,173 | ▲ 197% |
| Land & buildings | € 633,707 | € 618,539 | € 618,085 | € 574,330 | ▼ 7% |
| Retained profit | € 231,180 | € 139,389 | € 173,050 | € 157,032 | ▼ 9% |
| Dividend | € 0 | € 110,500 | € 0 | € 100,000 | |
| Bank debt | € 310,971 | € 277,146 | € 242,985 | € 261,732 | ▲ 8% |
| Balance sheet total | € 749,286 | € 745,173 | € 640,773 | € 731,134 | ▲ 14% |
Key figures of G.S.D., 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 G.S.D.?
What happened at G.S.D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,982 (▲ 149% vs 2024). Source: NBB ↗
- Hilda Deconinck became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,040 profit in 2022 to € 83,982 profit in 2025.
Paid € 71,663 in corporate taxes since 2022.
Best year ever: 2025, with € 83,982 profit.
Paid out € 210,500 in dividends to the owners in total.
Management
Behind G.S.D. are Hilda Deconinck and Jean-Claude Seys. Jean-Claude Seys is also behind SEYS JEAN - CLAUDE and SEYS INVEST.
Directors
According to the 2025 annual accounts
Hilda Deconinck
Managing director
since 2024
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 644
8400 Oostende
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.093.831
- VAT number
- BE 0442.093.831
- Registered office
- Torhoutsesteenweg 644, 8400 Oostende
- Names & denominations
- G.S.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1990
- Peppol
- Not registered