Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GABEL from Ingelmunster, company number BE0672605918, closed financial year 2025 with a result of € 2 million after tax. For that financial year GABEL recorded a gross margin of € 6.7 million and equity of € 8.5 million. Compared with financial year 2024, the result moved from € 1.4 million to € 2 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 January 31, 2026.
€ 8.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 48% vs 2024
Profit after tax over the fiscal year.
€ 200,405
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
37
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 14% vs 2024
€ 48,700 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.
€ 95,665
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.4 million
▼ 16% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 199,591
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 893,673
▲ € 707,415 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 9,393,088 | € 7,974,669 | - | |
| Gross margin | € 6,742,459 | - | - | € 6,655,656 | |
| Profit after taxes | € 2,815,960 | € 1,795,482 | € 1,368,987 | € 2,030,752 | ▲ 48% |
| Equity | € 6,980,878 | € 8,776,360 | € 8,349,865 | € 8,457,145 | ▲ 1% |
| Total debts | € 16,026,454 | € 14,271,216 | € 13,899,286 | € 11,144,020 | ▼ 20% |
| Cash | € 1,735,018 | € 1,835,160 | € 904,649 | € 200,405 | ▼ 78% |
| Land & buildings | € 12,008,726 | € 11,304,440 | € 11,156,880 | € 10,444,045 | ▼ 6% |
| Retained profit | € 5,580,878 | € 7,376,360 | € 6,949,865 | € 7,057,145 | ▲ 2% |
| Dividend | € 0 | € 0 | € 1,795,482 | € 1,923,472 | ▲ 7% |
| Bank debt | € 14,668,774 | € 12,915,012 | € 11,161,250 | € 9,407,488 | ▼ 16% |
| Balance sheet total | € 23,007,331 | € 23,047,576 | € 22,249,151 | € 19,601,165 | ▼ 12% |
| Employees (FTE) | 39.1 | 37 | 37 | 37 |
Key figures of GABEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GABEL?
What happened at GABEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2 million (▲ 48% vs 2024). filed late Source: NBB ↗
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.8 million profit in 2022 to € 2 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.8 million profit.
On average € 179,900 of value added per employee in 2025.
Management
Behind GABEL are Franky Galle, Tuur Galle and Els Vanackere. The same people are also behind SELLTO. Els Vanackere is also behind BIO-HEAT.
Establishments
Establishment units
Physical locations of this company
Veldstraat 1 box a
8770 Ingelmunster
Ter Biest 11
8800 Roeselare
Active since 10 March 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0672.605.918
- VAT number
- BE 0672.605.918
- Registered office
- Veldstraat 1 bus a, 8770 Ingelmunster
- Names & denominations
- GABEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2017
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Teelt van groenten, meloenen en wortel- en knolgewassen
Groothandel in groenten en fruit, muv consumptieaardappelen
Detailhandel in groenten en fruit