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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
GAB International from Ternat, company number BE0456810909, closed financial year 2024 with a result of € -2.9 million after tax. For that financial year GAB International recorded revenue of € 11.7 million and equity of € -2.2 million. Compared with financial year 2023, the result moved from € 247,187 to € -2.9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 27, 2025.
€ -2.2 million
▼ € 2.9 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ still € 247,187 profit in 2023
Profit after tax over the fiscal year.
€ 108,635
▲ 227% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.1 million.
People and assets in 2024
€ 1.3 million
▲ 60% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,374
▲ € 19,623 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 3.5 million
▲ € 2.8 million vs 2023
Loans from banks and other lenders, long and short.
€ 7 million
▼ 26% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 557,451
▲ 237% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,713,455 | € 2,766,687 | € 15,870,055 | € 11,682,420 | ▼ 26% |
| Gross margin | € -2,637 | € -540,721 | € 1,081,656 | € 1,504,514 | ▲ 39% |
| Profit after taxes | € 20,694 | € -1,011,176 | € 247,187 | € -2,942,786 | ▼ € 3.2 million |
| Equity | € 360,592 | € -650,584 | € 696,603 | € -2,246,184 | ▼ € 2.9 million |
| Total debts | € 1,655,281 | € 1,769,602 | € 11,344,688 | € 11,950,527 | ▲ 5% |
| Cash | € 89,274 | € 12,651 | € 33,265 | € 108,635 | ▲ 227% |
| Retained profit | € -498,133 | € -1,509,309 | € -203,397 | € -3,146,184 | ▼ € 2.9 million |
| Bank debt | € 1,538 | € 66,069 | € 701,712 | € 3,472,129 | ▲ € 2.8 million |
| Balance sheet total | € 2,015,873 | € 1,119,018 | € 12,041,290 | € 9,704,343 | ▼ 19% |
| Employees (FTE) | 2.5 | 2.2 | - | - |
Key figures of GAB International, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GAB International?
What happened at GAB International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GAB International is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 2.9 million (▼ € 3.2 million vs 2023). filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- New establishment in Antwerpen. KBO
- New establishment in Halle. KBO
- New establishment in Halle. KBO
- New establishment in Elsene. KBO
- New establishment in Halle. KBO
- New establishment in Ternat. KBO
In short
From € 20,694 profit in 2021 to € 2.9 million loss in 2024.
Paid € 3,316 in corporate taxes since 2021.
Best year ever: 2023, with € 247,187 profit.
Establishments
Establishment units
Physical locations of this company
Assesteenweg 96
1740 Ternat
Maandagmarkt 10
1500 Halle
Active since 11 November 2023
Louizalaan 35
1050 Elsene
Active since 7 December 2023
Basiliekstraat 39
1500 Halle
Active since 1 January 2024
Kammenstraat 41
2000 Antwerpen
Active since 30 May 2024
Melkstraat 8/10
1500 Halle
Active since 1 May 2024
Kustlaan 87
8300 Knokke-Heist
Active since 2 August 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →PVH BELGIUM
ALBRO
€ 2.4 million revenue · 2024
GROEP BROEKAERT Alain
€ 2.4 million revenue · 2024
ALTO
€ 376,739 revenue · 2024
ALBRI
€ 1.1 million revenue · 2024
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0456.810.909
- VAT number
- BE 0456.810.909
- Registered office
- Assesteenweg 96, 1740 Ternat
- Names & denominations
- GAB International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 22 December 1995
- Peppol
- Active · Active since 10 Aug 2026
- Activities · NACE
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