Financials
Financial year 2025
GSM COUVIN from Couvin, company number BE0476397187, closed financial year 2025 with a result of € 264,804 after tax. For that financial year GSM COUVIN recorded revenue of € 1.5 million and equity of € 770,347. Compared with financial year 2024, the result moved from € 55,935 to € 264,804. Profitable, and profit is growing. 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 August 18, 2026.
€ 770,347
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 264,804
▲ € 208,869 vs 2024
Profit after tax over the fiscal year.
€ 249,061
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
45 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 154,083
▼ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,374
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,538
▼ 48% vs 2024
€ 35,503 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 51,816
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,536
▲ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,290,373 | € 1,428,720 | € 1,436,792 | € 1,498,100 | ▲ 4% |
| Gross margin | € 388,956 | € 364,647 | € 312,176 | € 506,072 | ▲ 62% |
| Profit after taxes | € 127,015 | € 94,814 | € 55,935 | € 264,804 | ▲ € 208,869 |
| Equity | € 463,630 | € 558,444 | € 614,379 | € 770,347 | ▲ 25% |
| Total debts | € 198,045 | € 334,516 | € 338,271 | € 203,330 | ▼ 40% |
| Cash | € 136,023 | € 132,582 | € 223,449 | € 249,061 | ▲ 11% |
| Land & buildings | € 191,964 | € 185,418 | € 178,872 | € 232,175 | ▲ 30% |
| Retained profit | € 456,193 | € 551,007 | € 606,942 | € 751,747 | ▲ 24% |
| Dividend | € 15,000 | € 0 | € 0 | € 120,000 | |
| Bank debt | € 131,739 | € 242,043 | € 258,222 | € 133,538 | ▼ 48% |
| Balance sheet total | € 661,674 | € 892,960 | € 952,650 | € 973,677 | ▲ 2% |
Key figures of GSM COUVIN, 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 GSM COUVIN?
What happened at GSM COUVIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 264,804 (▲ € 208,869 vs 2024). filed late Source: NBB ↗
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 127,015 profit in 2022 to € 264,804 profit in 2025.
Paid € 117,876 in corporate taxes since 2022.
Best year ever: 2025, with € 264,804 profit.
Paid out € 135,000 in dividends to the owners in total.
Management
Behind GSM COUVIN is Vincent FRANCQ.
Directors
According to the 2025 annual accounts
Vincent FRANCQ
Manager
Establishments
Establishment units
Physical locations of this company
Rue La Couvinoise 9
5660 Couvin
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.397.187
- VAT number
- BE 0476.397.187
- Registered office
- Rue La Couvinoise 9, 5660 Couvin
- Names & denominations
- GSM COUVIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2001
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
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