Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2024; threshold 65 %.
-
Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GHELAMCO EUROPEAN PROPERTY FUND from Ieper, company number BE0648879817, closed financial year 2024 with a result of € -2.8 million after tax. Compared with financial year 2023, the result moved from € 15.5 million to € -2.8 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2025.
€ 4.5 million
▼ 38% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▼ still € 15.5 million profit in 2023
Profit after tax over the fiscal year.
€ 14,303
▲ € 11,778 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.4 million.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 826,914
▼ 16% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 7959 days on average.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Profit after taxes | € -1,058,503 | € -1,108,209 | € 15,450,822 | € -2,758,613 | ▼ € 18.2 million |
| Equity | € -7,072,406 | € -8,180,615 | € 7,270,207 | € 4,511,594 | ▼ 38% |
| Total debts | € 85,926,772 | € 88,665,521 | € 37,962,774 | € 43,390,737 | ▲ 14% |
| Cash | € 33,023 | € 2,346 | € 2,525 | € 14,303 | ▲ € 11,778 |
| Retained profit | € -7,135,656 | € -8,243,865 | € 7,206,957 | € 4,448,344 | ▼ 38% |
| Balance sheet total | € 78,854,366 | € 80,484,906 | € 45,232,980 | € 47,902,331 | ▲ 6% |
Key figures of GHELAMCO EUROPEAN PROPERTY FUND, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GHELAMCO EUROPEAN PROPERTY FUND?
What happened at GHELAMCO EUROPEAN PROPERTY FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Simon Gheysens stepped down as director. NBB
- Paul Gheysens stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 2.8 million (▼ € 18.2 million vs 2023). Source: NBB ↗
- Michael Gheysens stepped down as director. NBB
- Simon Gheysens became a director. NBB
- Michael Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- New establishment in Ieper. KBO
In short
From € 1.1 million loss in 2021 to € 2.8 million loss in 2024.
Best year ever: 2023, with € 15.5 million profit.
A new publication or filing at GHELAMCO EUROPEAN PROPERTY FUND? 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
It owns 99.6% of Parking Gent and 20% of Ring Multi itself.
Directors
According to the 2024 annual accounts
Simon Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, CARLTON RETAIL, GHELAMCO INVEST, SOGIMES, THE WHITE HOUSE ZOUTE, ENEMAN & CO, BELGIAN TRADING COMPANY +26 more
since 2022 · until 2029
Michael Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, R.H.R. - INDUSTRIES, GARAGE S.O.S., CARLTON RETAIL, GHELAMCO, GHELAMCO INVEST, SOGIMES +71 more
since 2022 · until 2025
Paul Gheysens
Director
Also active at: GARAGE S.O.S., BELGIAN TRADING COMPANY, ELZENWALLE, MediaNation, BRUSSEL LLOYD GEORGE, GOALA, CONSTRUCTION LINK, GHELAMCO PROJECTS +6 more
since 2022 · until 2029
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 272,092 gross margin · 2024
GARAGE S.O.S. same network
€ -10,621 gross margin · 2024
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 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
- 0648.879.817
- VAT number
- BE 0648.879.817
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- GHELAMCO EUROPEAN PROPERTY FUND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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