Financials
Financial year 2025
General Waterproofing Solutions from Antwerpen, company number BE0671754197, closed financial year 2025 with a result of € -27,254 after tax. For that financial year General Waterproofing Solutions recorded a gross margin of € 176,053 and equity of € 103,543. Compared with financial year 2024, the result moved from € 20,032 to € -27,254. The company made a loss. The buffer shrank hard: equity is 76 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 103,543
▼ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,254
▼ still € 20,032 profit in 2024
Profit after tax over the fiscal year.
€ 16,661
▲ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 83,083.
People and assets in 2025
1.8
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 145,480
▼ 31% vs 2024
€ 80,800 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.
€ 9,686
▼ 6% vs 2024
Of which on lease € 9,283.
Debts at end 2025
€ 129,834
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 411,996
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 130,762
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 304,116 | € 436,404 | € 273,146 | € 176,053 | ▼ 36% |
| Profit after taxes | € 102,002 | € 209,711 | € 20,032 | € -27,254 | ▼ € 47,286 |
| Equity | € 501,054 | € 410,765 | € 430,797 | € 103,543 | ▼ 76% |
| Total debts | € 397,175 | € 495,696 | € 809,653 | € 882,528 | ▲ 9% |
| Cash | € 35,613 | € 2,218 | € 8,892 | € 16,661 | ▲ 87% |
| Retained profit | € 482,454 | € 390,305 | € 410,337 | € 83,083 | ▼ 80% |
| Dividend | € 0 | € 300,000 | € 0 | € 300,000 | |
| Bank debt | € 129,192 | € 129,220 | € 133,425 | € 129,834 | ▼ 3% |
| Balance sheet total | € 898,229 | € 906,461 | € 1,240,450 | € 986,071 | ▼ 21% |
| Employees (FTE) | 2.6 | 2.6 | 3.5 | 1.8 | ▼ 1.7 |
Key figures of General Waterproofing Solutions, 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 General Waterproofing Solutions?
What happened at General Waterproofing Solutions in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,254 (▼ € 47,286 vs 2024). filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,002 profit in 2022 to € 27,254 loss in 2025.
Paid € 192,526 in corporate taxes since 2022.
Best year ever: 2023, with € 209,711 profit.
On average € 97,800 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 General Waterproofing Solutions is Gianni Russo. Gianni Russo is also behind Worksgroup, IMMO RUSSO GIANNI, GRVT INVEST and BUGARU.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Taxandriastraat 33/35
2170 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0671.754.197
- VAT number
- BE 0671.754.197
- Registered office
- Taxandriastraat 33/35, 2170 Antwerpen
- Names & denominations
- General Waterproofing Solutions
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2017
- Peppol
- Active · Active since 20 Feb 2025
- Contact
- gwsbvba.be
- Activities · NACE
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