Financials
Financial year 2024
GEAR SYSTEMS from Zaventem, company number BE0745864969, closed financial year 2024 with a result of € 8,928 after tax. For that financial year GEAR SYSTEMS recorded a gross margin of € 21,199 and equity of € 29,573. Compared with financial year 2023, the result moved from € 6,954 to € 8,928. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2025.
€ 29,573
▲ 43% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,928
▲ 28% vs 2023
Profit after tax over the fiscal year.
€ 10,023
▲ € 9,591 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 € 29,073.
People and assets in 2024
€ 3,192
▼ 49% vs 2023
Of which on lease € 937.
Debts at end 2024
€ 8,000
Loans from banks and other lenders, long and short.
€ 37,691
▲ 95% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 10,438
▼ 21% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Gross margin | € 17,043 | € 21,199 | ▲ 24% |
| Profit after taxes | € 6,954 | € 8,928 | ▲ 28% |
| Equity | € 20,646 | € 29,573 | ▲ 43% |
| Total debts | € 38,069 | € 58,302 | ▲ 53% |
| Cash | € 432 | € 10,023 | ▲ € 9,591 |
| Land & buildings | - | € 3,241 | |
| Retained profit | € 20,146 | € 29,073 | ▲ 44% |
| Bank debt | € 0 | € 8,000 | |
| Balance sheet total | € 58,715 | € 87,876 | ▲ 50% |
Key figures of GEAR SYSTEMS, fiscal years 2023 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 GEAR SYSTEMS?
What happened at GEAR SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 8,928 (▲ 28% vs 2023). filed late Source: NBB ↗
- New establishment in Liège. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,954 profit in 2023 to € 8,928 profit in 2024.
Paid € 8,346 in corporate taxes since 2023.
Best year ever: 2024, with € 8,928 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 GEAR SYSTEMS are Emanuel Cimpu and Patrick Holtewes.
Directors
According to the 2024 annual accounts
Emanuel Cimpu
Director
Patrick Holtewes
Director
Establishments
Establishment units
Physical locations of this company
Werkmansstraat 20
1930 Zaventem
Leuvensesteenweg 613 box 60
1930 Zaventem
Active since 1 June 2020
Rue de l'Académie 53
4000 Liège
Active since 15 August 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0745.864.969
- VAT number
- BE 0745.864.969
- Registered office
- Werkmansstraat 20, 1930 Zaventem
- Names & denominations
- GEAR SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 2020
- Peppol
- Active · Active since 10 Oct 2025
- Contact
- [email protected]
- Activities · NACE
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