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 15 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GSF REAL ESTATE from Gembloux, company number BE0686969935, closed financial year 2024 with a result of € 60,467 after tax. For that financial year GSF REAL ESTATE recorded a gross margin of € 194,940 and equity of € 61,976. Compared with financial year 2023, the result moved from € -58,689 to € 60,467. 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 29, 2025.
€ 61,976
▲ € 60,467 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,467
▲ still € 58,689 loss in 2023
Profit after tax over the fiscal year.
€ 53,685
▲ € 42,582 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 55,776.
Debts at end 2024
€ 1.3 million
▼ 7% vs 2023
€ 102,300 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 136,320
▼ 26% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,597
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 100,761 | € 83,961 | € 43,578 | € 194,940 | ▲ € 151,362 |
| Profit after taxes | € 25,632 | € 9,579 | € -58,689 | € 60,467 | ▲ € 119,155 |
| Equity | € 50,620 | € 60,198 | € 1,510 | € 61,976 | ▲ € 60,467 |
| Total debts | € 833,782 | € 729,803 | € 1,661,832 | € 1,603,296 | ▼ 4% |
| Cash | € 10,697 | € 14,919 | € 11,104 | € 53,685 | ▲ € 42,582 |
| Land & buildings | € 804,277 | € 753,242 | € 1,490,000 | € 1,498,805 | ▲ 1% |
| Retained profit | € 44,420 | € 53,998 | € -4,690 | € 55,776 | ▲ € 60,467 |
| Bank debt | € 775,610 | € 718,532 | € 1,410,697 | € 1,317,553 | ▼ 7% |
| Balance sheet total | € 884,402 | € 790,002 | € 1,663,341 | € 1,665,272 |
Key figures of GSF REAL ESTATE, 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 GSF REAL ESTATE?
What happened at GSF REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 60,467. filed late Source: NBB ↗
- Sabry Freh became a director. NBB
- Sammy Freh became a director. NBB
- New establishment in Gembloux. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,632 profit in 2021 to € 60,467 profit in 2024.
Paid € 14,593 in corporate taxes since 2021.
Best year ever: 2024, with € 60,467 profit.
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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 GSF REAL ESTATE are Sabry Freh and Sammy Freh. Sabry Freh is also behind ELISAB. Sammy Freh is also behind 5S MANAGEMENT.
Directors
According to the 2024 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Chaussée de Charleroi, Cor. 285
5032 Gembloux
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.
Details
- Company number
- 0686.969.935
- VAT number
- BE 0686.969.935
- Registered office
- Chaussée de Charleroi, Cor. 285, 5032 Gembloux
- Names & denominations
- GSF REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 2018
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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