Financials
Financial year 2025
GM Works from Peer, company number BE0790583553, closed financial year 2025 with a result of € 58,464 after tax. For that financial year GM Works recorded a gross margin of € 93,194 and equity of € 218,136. Compared with financial year 2024, the result moved from € 60,285 to € 58,464. The company is profitable. 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 June 25, 2026.
€ 218,136
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 58,464
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 59,769
▼ 29% 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 € 198,136.
People and assets in 2025
€ 160
▼ 79% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 210,924
▼ 16% vs 2024
€ 22,613 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 852
▲ 130% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,843
▼ 42% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 131,378 | € 95,009 | € 93,194 | ▼ 2% |
| Profit after taxes | € 79,386 | € 60,285 | € 58,464 | ▼ 3% |
| Equity | € 99,386 | € 159,671 | € 218,136 | ▲ 37% |
| Total debts | € 360,409 | € 336,646 | € 254,891 | ▼ 24% |
| Cash | € 56,034 | € 83,716 | € 59,769 | ▼ 29% |
| Retained profit | € 79,386 | € 139,671 | € 198,136 | ▲ 42% |
| Bank debt | € 293,359 | € 252,594 | € 210,924 | ▼ 16% |
| Balance sheet total | € 459,795 | € 496,318 | € 473,027 | ▼ 5% |
Key figures of GM Works, fiscal years 2023 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 GM Works?
What happened at GM Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 58,464 (▼ 3% vs 2024). Source: NBB ↗
- New establishment in Peer. KBO
- Giel Maesen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 79,386 profit in 2023 to € 58,464 profit in 2025.
Paid € 69,656 in corporate taxes since 2023.
Best year ever: 2023, with € 79,386 profit.
Management
Behind GM Works is Giel Maesen. It owns 50% of Gereedschapsmakerij Jaro itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Reppelerweg 19
3990 Peer
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0790.583.553
- VAT number
- BE 0790.583.553
- Registered office
- Reppelerweg 19, 3990 Peer
- Names & denominations
- GM Works
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 2022
- Peppol
- Active · Active since 27 Mar 2026
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