Financials
Financial year 2025
VAN LATHEM - GALMART RECYCLING from Halle, company number BE0479912349, closed financial year 2025 with a result of € 386,442 after tax. For that financial year VAN LATHEM - GALMART RECYCLING recorded a gross margin of € 892,221 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 135,574 to € 386,442. 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 July 15, 2026.
€ 1.8 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 386,442
▲ 185% vs 2024
Profit after tax over the fiscal year.
€ 144,806
▼ 62% 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
3.8
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 183,816
▼ 10% vs 2024
€ 48,400 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.
€ 36,263
▲ 172% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 172,833
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,863
▼ 77% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 555,831 | € 488,639 | € 730,413 | € 892,221 | ▲ 22% |
| Profit after taxes | € 36,882 | € 535 | € 135,574 | € 386,442 | ▲ 185% |
| Equity | € 1,310,373 | € 1,310,907 | € 1,446,481 | € 1,832,923 | ▲ 27% |
| Total debts | € 627,977 | € 488,805 | € 326,269 | € 227,187 | ▼ 30% |
| Cash | € 365,294 | € 220,351 | € 380,604 | € 144,806 | ▼ 62% |
| Land & buildings | € 3,777 | € 3,043 | € 2,308 | € 1,573 | ▼ 32% |
| Retained profit | € 1,099,354 | € 1,099,889 | € 1,235,463 | € 1,621,905 | ▲ 31% |
| Bank debt | € 283,000 | € 169,800 | € 56,600 | € 0 | ▼ 100% |
| Balance sheet total | € 1,938,350 | € 1,799,712 | € 1,772,751 | € 2,060,110 | ▲ 16% |
| Employees (FTE) | 4 | 4 | 4.8 | 3.8 | ▼ 1 |
Key figures of VAN LATHEM - GALMART RECYCLING, 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 VAN LATHEM - GALMART RECYCLING?
What happened at VAN LATHEM - GALMART RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 386,442 (▲ 185% vs 2024). Source: NBB ↗
- Goderik Van Lathem became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Halle. KBO
In short
From € 36,882 profit in 2022 to € 386,442 profit in 2025.
Paid € 193,499 in corporate taxes since 2022.
Best year ever: 2025, with € 386,442 profit.
On average € 234,800 of value added per employee in 2025.
Management
The stake of GALMART - VAN LATHEM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VAN LATHEM - GALMART RECYCLINGBehind VAN LATHEM - GALMART RECYCLING is Goderik Van Lathem. The shares are held by GALMART - VAN LATHEM (100%).
Directors
According to the 2025 annual accounts
Goderik Van Lathem
Director
Also active at: VAN LATHEM GALMART SUPPORT, GALMART - VAN LATHEM, VAN LATHEM GALMART LOGISTICS, VAN LATHEM GALMART TRANSPORT, LATNET
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 400
1500 Halle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0479.912.349
- VAT number
- BE 0479.912.349
- Registered office
- Brusselsesteenweg 400, 1500 Halle
- Names & denominations
- VAN LATHEM - GALMART RECYCLING · VLG RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2003
- Peppol
- Active · Active since 5 Jan 2026
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