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 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GILGEMYN from Wevelgem, company number BE0674778421, closed financial year 2025 with a result of € 89,393 after tax. For that financial year GILGEMYN recorded a gross margin of € 648,855 and equity of € 309,023. Compared with financial year 2024, the result moved from € 49,773 to € 89,393. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 309,023
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,393
▲ 80% vs 2024
Profit after tax over the fiscal year.
€ 46,135
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 290,423.
People and assets in 2025
7.8
▲ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 349,421
▲ 14% vs 2024
€ 44,800 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.
€ 16,298
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▼ 18% vs 2024
€ 233,358 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.8 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,682
▲ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 332,210 | € 488,650 | € 512,468 | € 648,855 | ▲ 27% |
| Profit after taxes | € 32,750 | € 25,989 | € 49,773 | € 89,393 | ▲ 80% |
| Equity | € 144,868 | € 169,857 | € 219,630 | € 309,023 | ▲ 41% |
| Total debts | € 3,973,634 | € 3,937,644 | € 3,864,831 | € 3,764,059 | ▼ 3% |
| Cash | € 71,087 | € 54,118 | € 53,090 | € 46,135 | ▼ 13% |
| Land & buildings | € 5,685 | € 4,946 | € 4,206 | € 3,466 | ▼ 18% |
| Retained profit | € 126,268 | € 151,257 | € 201,030 | € 290,423 | ▲ 44% |
| Dividend | € 0 | € 1,000 | € 0 | € 0 | |
| Bank debt | € 2,798,931 | € 2,444,026 | € 1,898,263 | € 1,553,570 | ▼ 18% |
| Balance sheet total | € 4,118,502 | € 4,107,502 | € 4,084,461 | € 4,073,083 | |
| Employees (FTE) | 3.9 | 5.2 | 5.7 | 7.8 | ▲ 2.1 |
Key figures of GILGEMYN, 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 GILGEMYN?
What happened at GILGEMYN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 89,393 (▲ 80% vs 2024). filed late Source: NBB ↗
- New establishment in Ledegem. KBO
- Geoffrey Gilgemyn became a director. NBB
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,750 profit in 2022 to € 89,393 profit in 2025.
Paid € 88,929 in corporate taxes since 2022.
Best year ever: 2025, with € 89,393 profit.
On average € 83,200 of value added per employee in 2025.
Management
Behind GILGEMYN is Geoffrey Gilgemyn. The shares are held by Geoffrey Gilgemyn, Verona-Ramona Verheyen and Carlos Vansteenkiste.
Directors
According to the 2025 annual accounts
since 2017
Shareholders
Geoffrey Gilgemyn · director
Verona-Ramona Verheyen
Carlos Vansteenkiste
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hugo Verriestlaan 21
8560 Wevelgem
Zuidhoekstraat 1a
8880 Ledegem
Active since 1 April 2021
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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
Cloudflare DNS
Domain
Domain
ggrecup.be
Registered
2014-11-21
Website info
Features
Security
Details
- Company number
- 0674.778.421
- VAT number
- BE 0674.778.421
- Registered office
- Hugo Verriestlaan 21, 8560 Wevelgem
- Names & denominations
- GILGEMYN · GG Recup
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2017
- Peppol
- Active · Active since 6 Sept 2024
- Contact
- ggrecup.be [email protected] 0473/42/07/79
- Activities · NACE
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