Financials
Financial year 2025
GSM from Herentals, company number BE0524721203, closed financial year 2025 with a result of € 109,928 after tax. For that financial year GSM recorded a gross margin of € 182,533 and equity of € 493,603. Compared with financial year 2024, the result moved from € 76,604 to € 109,928. 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 October 31, 2025.
€ 493,603
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,928
▲ 44% vs 2024
Profit after tax over the fiscal year.
€ 154,859
▲ € 120,339 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 106,159 paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 62,432
▲ € 58,714 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 421,755
▲ 38% vs 2024
€ 82,124 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 28,123
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,863
▲ € 22,987 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 150,727 | € 130,090 | € 147,684 | € 182,533 | ▲ 24% |
| Profit after taxes | € 92,473 | € 70,822 | € 76,604 | € 109,928 | ▲ 44% |
| Equity | € 345,609 | € 414,830 | € 489,834 | € 493,603 | ▲ 1% |
| Total debts | € 43,808 | € 391,756 | € 342,269 | € 481,458 | ▲ 41% |
| Cash | € 45,714 | € 67,436 | € 34,520 | € 154,859 | ▲ € 120,339 |
| Retained profit | € 339,409 | € 408,630 | € 483,634 | € 487,403 | ▲ 1% |
| Dividend | € 1,600 | € 1,600 | € 1,600 | € 106,159 | ▲ € 104,559 |
| Bank debt | € 14,627 | € 356,699 | € 305,717 | € 421,755 | ▲ 38% |
| Balance sheet total | € 389,417 | € 806,586 | € 832,103 | € 975,061 | ▲ 17% |
Key figures of GSM, 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 October 2026.
What happened to GSM?
What happened at GSM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 109,928 (▲ 44% vs 2024). Source: NBB ↗
- New establishment in Herentals. KBO
- Stijn Cox became a director. NBB
- Marjan Claes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 92,473 profit in 2022 to € 109,928 profit in 2025.
Paid € 172,535 in corporate taxes since 2022.
Best year ever: 2025, with € 109,928 profit.
Paid out € 110,959 in dividends to the owners in total.
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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
Behind GSM are Stijn Cox and Marjan Claes. Marjan Claes is also behind Benedenti Groep.
Directors
According to the 2025 annual accounts
Stijn Cox
Director
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Wijngaard(HRT) 33
2200 Herentals
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0524.721.203
- VAT number
- BE 0524.721.203
- Registered office
- Wijngaard(HRT) 33, 2200 Herentals
- Names & denominations
- GSM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 2013
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
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