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 5 % 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
GHEMALCO from Brugge, company number BE0451917258, closed financial year 2025 with a result of € 59,888 after tax. For that financial year GHEMALCO recorded a gross margin of € 99,248 and equity of € 68,200. Compared with financial year 2024, the result moved from € 54,818 to € 59,888. Profitable, and profit is growing. The buffer shrank hard: equity is 70 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 68,200
▼ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,888
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 11,183
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 222,106 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 3,047
▼ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 10,112
▼ 2% 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 | € 56,753 | € 66,163 | € 94,202 | € 99,248 | ▲ 5% |
| Profit after taxes | € 28,112 | € 33,823 | € 54,818 | € 59,888 | ▲ 9% |
| Equity | € 216,777 | € 225,600 | € 230,418 | € 68,200 | ▼ 70% |
| Total debts | € 132,334 | € 99,884 | € 91,535 | € 238,898 | ▲ 161% |
| Cash | € 13,220 | € 3,587 | € 13,084 | € 11,183 | ▼ 15% |
| Land & buildings | € 334,924 | € 321,896 | € 308,869 | € 295,842 | ▼ 4% |
| Retained profit | € 154,777 | € 163,600 | € 168,418 | € 6,200 | ▼ 96% |
| Dividend | € 67,000 | € 25,000 | € 50,000 | € 222,106 | ▲ € 172,106 |
| Bank debt | € 102,222 | € 56,494 | € 3,070 | € 3,047 | ▼ 1% |
| Balance sheet total | € 349,110 | € 325,483 | € 321,953 | € 307,098 | ▼ 5% |
Key figures of GHEMALCO, 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 GHEMALCO?
What happened at GHEMALCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FANNY DECLOEDT stepped down as director. NBB
- BRUNO GHEYSEN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 59,888 (▲ 9% vs 2024). Source: NBB ↗
- FANNY DECLOEDT became a director. NBB
- BRUNO GHEYSEN became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,112 profit in 2022 to € 59,888 profit in 2025.
Paid € 59,747 in corporate taxes since 2022.
Best year ever: 2025, with € 59,888 profit.
Paid out € 364,106 in dividends to the owners in total.
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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 RALO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GHEMALCOThe shares are held by RALO (100%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noordzandstraat 89
8000 Brugge
Noordzandstraat 82
8000 Brugge
Active since 20 January 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0451.917.258
- VAT number
- BE 0451.917.258
- Registered office
- Noordzandstraat 89, 8000 Brugge
- Names & denominations
- GHEMALCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1993
- Peppol
- Not registered