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 37 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GANDS from Antwerpen, company number BE0472184716, closed financial year 2025 with a result of € 530,513 after tax. For that financial year GANDS recorded revenue of € 5.4 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € 269,111 to € 530,513. 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 8, 2026.
€ 4.9 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 530,513
▲ 97% vs 2024
Profit after tax over the fiscal year.
€ 624,383
▲ € 516,211 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 € 1.6 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 137,729
▲ 4% vs 2024
€ 137,700 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.
Debts at end 2025
€ 3.9 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 2.6 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 294,528
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,304,634 | € 735,559 | € 32,560,584 | € 5,433,453 | ▼ 83% |
| Profit after taxes | € 4,808,543 | € 506,337 | € 269,111 | € 530,513 | ▲ 97% |
| Equity | € 10,394,328 | € 10,900,664 | € 4,347,145 | € 4,877,658 | ▲ 12% |
| Total debts | € 25,432,466 | € 39,250,999 | € 22,268,389 | € 30,643,314 | ▲ 38% |
| Cash | € 3,591,349 | € 352,586 | € 108,172 | € 624,383 | ▲ € 516,211 |
| Retained profit | € 7,146,297 | € 7,652,633 | € 1,099,114 | € 1,629,627 | ▲ 48% |
| Dividend | € 2,000,000 | € 0 | € 6,822,630 | € 0 | ▼ 100% |
| Bank debt | € 4,394,162 | € 2,843,222 | € 4,105,075 | € 3,855,453 | ▼ 6% |
| Balance sheet total | € 36,241,228 | € 50,231,664 | € 26,695,534 | € 35,600,972 | ▲ 33% |
| Employees (FTE) | 2 | 1.1 | 1 | 1 |
Key figures of GANDS, 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 GANDS?
What happened at GANDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Group Minerva NV stepped down as director. NBB
- Cavens & CO NV stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- Skyline Europe NV stepped down as director. NBB
- Real Estate Solutions BV stepped down as director. NBB
- Duck NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 530,513 (▲ 97% vs 2024). Source: NBB ↗
- Group Minerva NV became a director. NBB
In short
From € 4.8 million profit in 2022 to € 530,513 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.8 million profit.
Paid out € 8.8 million in dividends to the owners in total.
A new publication or filing at GANDS? We notify you, reason included.
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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 GANDS Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GANDSThe shares are held by GANDS Group (100%). It owns 100% of CANALIS INVEST, 50% of AH BIS and 50% of THE BREWER'S DAUGHTER itself.
Directors
According to the 2025 annual accounts
Director · represented by Dirk Cavens
Also active at: WETINVEST II, Attis, QUEEN TOWERS, GANDS Group, RAC4 Development, Urban Living Belgium Holding, TRIPLE LIVING HOLDING, Pulsepartner +18 more
since 2025 · until 2031
Director · represented by Charlotte Cavens
Also active at: HAAGDOORN, GANDS Group, TRIPLE LIVING HOLDING, Pulsepartner, Elements Real Estate I, Havenlaan HT, Triple Living Alexandrium, GANDS VASTGOED +10 more
since 2025 · until 2031
Director · represented by Stefan Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest, Groep Caenen Capital Fund +43 more
since 2025 · until 2031
Director · represented by Marc Paeleman
Also active at: SHIPSHOP NIEUWPOORT, DE WIELINGEN DEVELOPMENT, QUEEN TOWERS, GANDS Group, Urban Living Belgium Holding, TRIPLE LIVING HOLDING, Pulsepartner, Elements Real Estate I +18 more
since 2025 · until 2031
Director · represented by Bart Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, BESSENVELD 4, BESSENVELD 1 +35 more
since 2025 · until 2031
Director · represented by Jeff Cavens
Also active at: BESSENVELD 3, Attis, BESSENVELD 2, BESSENVELD 4, BESSENVELD 1, PROJECT BESSENVELD, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +36 more
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Michel De Braeystraat 55
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →Cavens & Co same network
€ 132,842 gross margin · 2024
URBAN LIVING PROJECT MANAGEMENT same network
€ 35.9 million revenue · 2025
Canalis Invest same network
€ 1,224 gross margin · 2025
ULP-I same network
€ 962,513 gross margin · 2025
ULP-II same network
€ -3,738 gross margin · 2025
+30 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
- 0472.184.716
- VAT number
- BE 0472.184.716
- Registered office
- Michel De Braeystraat 55, 2000 Antwerpen
- Names & denominations
- GANDS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen