Financials
Financial year 2025
GTS North West Europe from Geraardsbergen, company number BE0644783645, closed financial year 2025 with a result of € 1 million after tax. For that financial year GTS North West Europe recorded a gross margin of € 1.7 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 675,181 to € 1 million. 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 29, 2026.
€ 3.7 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▲ 52% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
24 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
1.9
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 243,227
▲ 17% vs 2024
€ 128,000 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.
€ 15,223
▼ 41% 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.
€ 670,247
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,967
▲ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 740,601 | € 1,364,446 | € 1,240,964 | € 1,735,289 | ▲ 40% |
| Profit after taxes | € 365,283 | € 780,119 | € 675,181 | € 1,028,436 | ▲ 52% |
| Equity | € 1,418,867 | € 2,198,985 | € 2,874,166 | € 3,652,603 | ▲ 27% |
| Total debts | € 1,403,182 | € 1,274,707 | € 679,894 | € 762,364 | ▲ 12% |
| Cash | € 889,609 | € 1,090,731 | € 1,337,866 | € 1,653,948 | ▲ 24% |
| Retained profit | € 1,318,867 | € 2,098,985 | € 2,774,166 | € 3,552,603 | ▲ 28% |
| Dividend | € 0 | € 0 | € 0 | € 250,000 | |
| Bank debt | € 200,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,822,049 | € 3,473,692 | € 3,554,061 | € 4,414,967 | ▲ 24% |
| Employees (FTE) | 1.7 | 2 | 2.1 | 1.9 | ▼ 0.2 |
Key figures of GTS North West Europe, 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 GTS North West Europe?
What happened at GTS North West Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1 million (▲ 52% vs 2024). Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Frédéric Godin became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 365,283 profit in 2022 to € 1 million profit in 2025.
Paid € 985,799 in corporate taxes since 2022.
Best year ever: 2025, with € 1 million profit.
On average € 913,300 of value added per employee in 2025.
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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 GTS North West Europe is Frédéric Godin.
Directors
According to the 2025 annual accounts
Frédéric Godin
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Diebeke(Sch) 35
9500 Geraardsbergen
Diebeke(Sch) 21
9500 Geraardsbergen
Active since 8 January 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0644.783.645
- VAT number
- BE 0644.783.645
- Registered office
- Diebeke(Sch) 35, 9500 Geraardsbergen
- Names & denominations
- GTS North West Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Activiteiten van holdings
Holdings
Detailhandel in motorbrandstoffen
Vervaardiging van andere tanks, reservoirs en bergingsmiddelen, van metaal
Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen