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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GELNEV from Wellen, company number BE0454807462, closed financial year 2025 with a result of € 159,443 after tax. For that financial year GELNEV recorded a gross margin of € 188,674 and equity of € 127,736. Compared with financial year 2024, the result moved from € 146,109 to € 159,443. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 127,736
▲ € 159,443 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 159,443
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 21
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -607,824.
Debts at end 2025
€ 345,516
▼ 17% vs 2024
€ 66,943 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 16,266
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,314
▲ 85% vs 2024
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 | € 122,942 | € 189,641 | € 92,361 | € 188,674 | ▲ 104% |
| Profit after taxes | € 67,822 | € 152,018 | € 146,109 | € 159,443 | ▲ 9% |
| Equity | € -330,879 | € -177,816 | € -31,707 | € 127,736 | ▲ € 159,443 |
| Total debts | € 1,772,830 | € 1,658,821 | € 1,491,021 | € 1,348,684 | ▼ 10% |
| Cash | € 0 | € 63 | - | € 21 | |
| Land & buildings | € 462,049 | € 461,894 | € 461,894 | € 461,894 | |
| Retained profit | € -1,066,439 | € -913,376 | € -767,267 | € -607,824 | ▲ € 159,443 |
| Bank debt | € 545,474 | € 476,296 | € 417,374 | € 345,516 | ▼ 17% |
| Balance sheet total | € 1,441,951 | € 1,481,005 | € 1,459,314 | € 1,476,419 | ▲ 1% |
Key figures of GELNEV, 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 GELNEV?
What happened at GELNEV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rik Gelade stepped down as director. NBB
- Stéphanie Neven stepped down as director. NBB
- Danny Neven stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 159,443 (▲ 9% vs 2024). Source: NBB ↗
- Rik Gelade became a director. NBB
- Stéphanie Neven became a director. NBB
- Danny Neven became a director. NBB
- New establishment in Wellen. KBO
In short
From € 67,822 profit in 2022 to € 159,443 profit in 2025.
Paid € 9,449 in corporate taxes since 2022.
Best year ever: 2025, with € 159,443 profit.
Management
It owns 100% of G.E.L. Immo and 99% of Gelade Drinks itself.
Directors
According to the 2025 annual accounts
Rik Gelade
Managing director
since 2024 · until 2029
Stéphanie Neven
Director
since 2024 · until 2029
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Daalstraat 31
3830 Wellen
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
- 0454.807.462
- VAT number
- BE 0454.807.462
- Registered office
- Daalstraat 31, 3830 Wellen
- Names & denominations
- GELNEV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1995
- Peppol
- Active · Active since 26 Oct 2025
- Activities · NACE
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