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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
G - TEC from Herstal, company number BE0450291519, closed financial year 2025 with a result of € -4.5 million after tax. For that financial year G - TEC recorded revenue of € 12.5 million and equity of € 17.2 million. Compared with financial year 2024, the result moved from € -1.6 million to € -4.5 million. The company made a loss. 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 June 24, 2026.
€ 17.2 million
▲ € 15.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.5 million
▼ 175 % more loss than in 2024
Profit after tax over the fiscal year.
€ 241,025
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.5 million.
People and assets in 2025
66.4
▲ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.2 million
▲ 20% vs 2024
€ 108,000 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.
€ 64,960
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.2 million
Loans from banks and other lenders, long and short.
€ 2.6 million
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 1.8 million
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,768,683 | € 22,658,306 | € 29,263,764 | € 12,452,993 | ▼ 57% |
| Profit after taxes | € 1,159,796 | € 1,395,204 | € -1,641,196 | € -4,512,901 | ▼ € 2.9 million |
| Equity | € 1,962,753 | € 3,357,958 | € 1,716,761 | € 17,203,861 | ▲ € 15.5 million |
| Total debts | € 11,414,392 | € 14,374,216 | € 15,272,343 | € 12,416,528 | ▼ 19% |
| Cash | € 296,778 | € 315,970 | € 361,609 | € 241,025 | ▼ 33% |
| Land & buildings | - | - | - | € 120,422 | |
| Retained profit | € -12,608,128 | € -11,212,924 | € -12,854,120 | € -4,492,212 | ▲ € 8.4 million |
| Bank debt | € 7,237,418 | € 7,227,835 | € 7,227,835 | € 7,227,835 | |
| Balance sheet total | € 13,377,145 | € 17,732,174 | € 16,989,104 | € 29,629,596 | ▲ 74% |
| Employees (FTE) | 34.4 | 45.2 | 62.1 | 66.4 | ▲ 4.3 |
Key figures of G - TEC, 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 - TEC?
What happened at G - TEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan Van Rossum stepped down as director. NBB
- Thibaut Debouche stepped down as director. NBB
- Bart Vandemeulebroucke stepped down as director. NBB
- Koen De Vylder stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.5 million. Source: NBB ↗
- Jan Van Rossum became a director. NBB
- Bart Vandemeulebroucke became a director. NBB
- Thibaut Debouche became a director. NBB
In short
From € 1.2 million profit in 2022 to € 4.5 million loss in 2025.
Paid € 413,280 in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
Pays suppliers within 85 days on average.
Management
The stake of DEME OFFSHORE HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
G - TECThe shares are held by DEME OFFSHORE HOLDING (100%). It owns 100% of SASU G-TEC itself.
Directors
According to the 2025 annual accounts
Thibaut Debouche
Director
since 2024 · until 2029
Bart Vandemeulebroucke
Director
since 2024 · until 2029
Koen De Vylder
Director
since 2024 · until 2029
Jan Van Rossum
Director
since 2024 · until 2030
Shareholders
Participations
SASU G-TEC
100%
Establishments
Establishment units
Physical locations of this company
Rue des Alouettes 80
4041 Herstal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.291.519
- VAT number
- BE 0450.291.519
- Registered office
- Rue des Alouettes 80, 4041 Herstal
- Names & denominations
- G - TEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1993
- Peppol
- Active · Active since 14 Nov 2025
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