Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GSE.be from Le Roeulx, company number BE0762786620, closed financial year 2025 with a result of € -26,111 after tax. For that financial year GSE.be recorded a gross margin of € 207,538 and equity of € -6,260. Compared with financial year 2024, the result moved from € 30,626 to € -26,111. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -6,260
▼ € 26,111 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,111
▼ still € 30,626 profit in 2024
Profit after tax over the fiscal year.
€ 51,022
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12,260.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 190,445
▲ 56% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 107,780
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 118,257
▲ 13% vs 2024
€ 38,091 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 55,562
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,062
▼ 64% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 72,201 | € 82,479 | € 183,567 | € 207,538 | ▲ 13% |
| Profit after taxes | € 15,540 | € -19,728 | € 30,626 | € -26,111 | ▼ € 56,737 |
| Equity | € 8,953 | € -10,775 | € 19,851 | € -6,260 | ▼ € 26,111 |
| Total debts | € 154,162 | € 163,262 | € 216,881 | € 256,503 | ▲ 18% |
| Cash | € 25,842 | € 39,061 | € 42,711 | € 51,022 | ▲ 19% |
| Land & buildings | € 8,081 | € 8,698 | € 10,439 | € 9,154 | ▼ 12% |
| Retained profit | € 2,953 | € -16,775 | € 13,851 | € -12,260 | ▼ € 26,111 |
| Bank debt | € 46,546 | € 61,010 | € 104,425 | € 118,257 | ▲ 13% |
| Balance sheet total | € 163,116 | € 152,487 | € 236,732 | € 250,243 | ▲ 6% |
Key figures of GSE.be, 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 GSE.be?
What happened at GSE.be in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,111 (▼ € 56,737 vs 2024). filed late Source: NBB ↗
- New establishment in Le Roeulx. KBO
- Start of the company according to the CBE. KBO
- Patrick Fondu became a director. NBB
In short
From € 15,540 profit in 2022 to € 26,111 loss in 2025.
Paid € 1,127 in corporate taxes since 2022.
Best year ever: 2024, with € 30,626 profit.
Management
Behind GSE.be is Patrick Fondu.
Directors
According to the 2025 annual accounts
Patrick Fondu
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Rue de Savoie(T) 3
7070 Le Roeulx
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
OVH, FR
Website info
Features
Security
Network
Details
- Company number
- 0762.786.620
- VAT number
- BE 0762.786.620
- Registered office
- Rue de Savoie(T) 3, 7070 Le Roeulx
- Names & denominations
- GSE.be
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 2021
- Peppol
- Active · Active since 20 Jan 2026
- Contact
- gse.be [email protected] 0499/247.200
- Activities · NACE
Installatie van elektronische beveiligingssystemen
Opsporings- en particuliere beveiligingsdiensten
Elektrotechnische installatiewerken aan gebouwen
Particuliere beveiliging
Overige bouwinstallatie
Installatie van industriële machines, toestellen en werktuigen
Beveiligingsactiviteiten, neg
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
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