Financials
Financial year 2025
GALMART - VAN LATHEM from Lennik, company number BE0451046436, closed financial year 2025 with a result of € 76,631 after tax. For that financial year GALMART - VAN LATHEM recorded a gross margin of € 575,370 and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 116,385 to € 76,631. The company is profitable. 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 July 15, 2026.
€ 4.2 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,631
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 166,189
▼ 39% 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 € 4.1 million.
People and assets in 2025
6
Average over the fiscal year, from the social balance sheet.
€ 405,354
▲ 6% vs 2024
€ 67,600 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.
€ 25,453
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 24,808
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,864
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 329,174 | € 490,136 | € 571,148 | € 575,370 | ▲ 1% |
| Profit after taxes | € -103,549 | € 58,893 | € 116,385 | € 76,631 | ▼ 34% |
| Equity | € 3,943,987 | € 4,002,879 | € 4,119,264 | € 4,195,895 | ▲ 2% |
| Total debts | € 668,339 | € 413,773 | € 92,964 | € 86,672 | ▼ 7% |
| Cash | € 1,355,090 | € 1,103,435 | € 273,535 | € 166,189 | ▼ 39% |
| Land & buildings | € 787,779 | € 751,793 | € 722,224 | € 1,421,049 | ▲ 97% |
| Retained profit | € 3,882,487 | € 3,941,379 | € 4,057,764 | € 4,134,395 | ▲ 2% |
| Bank debt | € 561,178 | € 310,000 | € 0 | € 0 | |
| Balance sheet total | € 4,612,326 | € 4,416,652 | € 4,212,228 | € 4,282,567 | ▲ 2% |
| Employees (FTE) | 4.2 | 6 | 6 | 6 |
Key figures of GALMART - VAN LATHEM, 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 GALMART - VAN LATHEM?
What happened at GALMART - VAN LATHEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,631 (▼ 34% vs 2024). Source: NBB ↗
- Goderik Van Lathem became a director. NBB
- New establishment in Lennik. KBO
- Start of the company according to the CBE. KBO
In short
From € 103,549 loss in 2022 to € 76,631 profit in 2025.
Paid € 86,733 in corporate taxes since 2022.
Best year ever: 2024, with € 116,385 profit.
On average € 95,900 of value added per employee in 2025.
Management
The stake of LATNET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GALMART - VAN LATHEMBehind GALMART - VAN LATHEM is Goderik Van Lathem. The shares are held by LATNET (50%). It owns 100% of VLG Recycling, 100% of VLG Support, 100% of VLG Logistics and 100% of VLG Trans itself.
Directors
According to the 2025 annual accounts
Goderik Van Lathem
Director
Also active at: VAN LATHEM GALMART SUPPORT, VAN LATHEM - GALMART RECYCLING, VAN LATHEM GALMART LOGISTICS, VAN LATHEM GALMART TRANSPORT, LATNET
since 2023
Shareholders
50%
Participations
Establishments
Establishment units
Physical locations of this company
Donkerstraat 44
1750 Lennik
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0451.046.436
- VAT number
- BE 0451.046.436
- Registered office
- Donkerstraat 44, 1750 Lennik
- Names & denominations
- GALMART - VAN LATHEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 1993
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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Grondverzet
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