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 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GAETHOFS from Herk-de-Stad, company number BE0448685277, closed financial year 2025 with a result of € -308,687 after tax. For that financial year GAETHOFS recorded a gross margin of € 550,815 and equity of € 665,431. Compared with financial year 2024, the result moved from € 946 to € -308,687. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 665,431
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -308,687
▼ still € 946 profit in 2024
Profit after tax over the fiscal year.
€ 206,935
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 633,210.
People and assets in 2025
12.1
▲ 8.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 643,615
▼ 2% vs 2024
€ 53,200 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.
€ 9,724
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▼ 6% vs 2024
€ 111,682 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 559,791
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 155,130
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 349,445 | € 283,677 | € 857,412 | € 550,815 | ▼ 36% |
| Profit after taxes | € 142,115 | € 26,764 | € 946 | € -308,687 | ▼ € 309,632 |
| Equity | € 740,932 | € 767,695 | € 974,117 | € 665,431 | ▼ 32% |
| Total debts | € 1,145,294 | € 1,322,588 | € 2,443,207 | € 2,377,273 | ▼ 3% |
| Cash | € 21,444 | € 5,487 | € 242,839 | € 206,935 | ▼ 15% |
| Land & buildings | € 80,249 | € 62,071 | € 34,349 | € 21,325 | ▼ 38% |
| Retained profit | € 724,711 | € 751,474 | € 941,896 | € 633,210 | ▼ 33% |
| Bank debt | € 587,478 | € 570,856 | € 1,652,659 | € 1,561,742 | ▼ 6% |
| Balance sheet total | € 1,886,226 | € 2,090,284 | € 3,417,325 | € 3,042,704 | ▼ 11% |
| Employees (FTE) | 2.6 | 3.6 | 3.6 | 12.1 | ▲ 8.5 |
Key figures of GAETHOFS, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GAETHOFS?
What happened at GAETHOFS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 308,687 (▼ € 309,632 vs 2024). Source: NBB ↗
- Kris Voet became a director. NBB
- Cédric de Kerchove became a director. NBB
- Valérie Le Duc became a director. NBB
- New establishment in Genk. KBO
- New establishment in Hasselt. KBO
- New establishment in Herk-de-Stad. KBO
- Start of the company according to the CBE. KBO
In short
From € 142,115 profit in 2021 to € 308,687 loss in 2025.
Paid € 79,361 in corporate taxes since 2021.
Best year ever: 2021, with € 142,115 profit.
On average € 45,500 of value added per employee in 2025.
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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
Behind GAETHOFS are Kris Voet, Cédric de Kerchove and Valérie Le Duc. Kris Voet is also behind FIETSEN WILDIERS, Wildiers Vastgoed and K&V CONSULTANCY.
Directors
According to the 2025 annual accounts
since 2026
Cédric de Kerchove
Director
since 2026
Valérie Le Duc
Director
since 2026
Establishments
Establishment units
Physical locations of this company
Pastorijstraat 7
3540 Herk-de-Stad
Nieuwstraat 39
3600 Genk
Active since 30 October 2024
Gelatineboulevard 5.03
3500 Hasselt
Active since 30 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.685.277
- VAT number
- BE 0448.685.277
- Registered office
- Pastorijstraat 7, 3540 Herk-de-Stad
- Names & denominations
- GAETHOFS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 1992
- Peppol
- Active · Active since 5 Jun 2026
- Activities · NACE
Detailhandel in fietsen
Gespecialiseerde detailhandel in rijwielen
Detailhandel in fietsen in gespecialiseerde winkels
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Detailhandel in motorbrandstoffen
Reparatie en onderhoud van consumentenartikelen, neg
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
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