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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GDW Group from Waregem, company number BE0801770326, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year GDW Group recorded revenue of € 1.9 million and equity of € 24 million. Compared with financial year 2024, the result moved from € 2.3 million to € 1.7 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 11, 2026.
€ 24 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 177,043
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 14.6 million
▼ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 6,203
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 3 days on average.
€ 11,405
▲ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 559,296 | € 1,145,700 | € 1,918,614 | ▲ 67% |
| Profit after taxes | € -482,722 | € 2,304,906 | € 1,698,357 | ▼ 26% |
| Equity | € 23,017,278 | € 25,322,185 | € 24,020,541 | ▼ 5% |
| Total debts | € 15,801,752 | € 15,532,493 | € 17,578,124 | ▲ 13% |
| Cash | € 201,424 | € 368,129 | € 177,043 | ▼ 52% |
| Retained profit | € -482,722 | € 1,822,185 | € 520,541 | ▼ 71% |
| Dividend | € 0 | € 0 | € 3,000,000 | |
| Bank debt | € 15,741,589 | € 15,150,681 | € 14,559,770 | ▼ 4% |
| Balance sheet total | € 38,819,031 | € 40,854,678 | € 41,598,665 | ▲ 2% |
Key figures of GDW Group, 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 GDW Group?
What happened at GDW Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ING België NV stepped down as director. NBB
- Quantum S Comm.V stepped down as director. NBB
- Lima Invest BV stepped down as director. NBB
- Quintessence NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million (▼ 26% vs 2024). Source: NBB ↗
- Quantum S Comm.V became a director. NBB
- Lima Invest BV became a director. NBB
- New establishment in Waregem. KBO
In short
From € 482,722 loss in 2023 to € 1.7 million profit in 2025.
Best year ever: 2024, with € 2.3 million profit.
Paid out € 3 million in dividends to the owners in total.
Pays suppliers within 3 days on average.
A new publication or filing at GDW Group? We notify you, reason included.
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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
The stake of QUINTESSENCE, Lima Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GDW GroupThe shares are held by QUINTESSENCE (45.1%) and Lima Invest (14.9%). It owns 100% of GDW and 50% of Dansk Anhaengertraek GDW itself.
Directors
According to the 2025 annual accounts
Director · represented by Evelyne Heyvaert
Also active at: United Brands Association, FPIM International - SFPI Internationaal - SFPIM International, Uitwisselingscentrum en verrekening, BEDRIJVENCENTRUM REGIO AALST, BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, BEDRIJVENCENTRUM DE PUNT, ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS, FINANCIERE DU SUD - EST +26 more
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Managing director · represented by Gregory Saelens
Also active at: KONSTRUKTIEWERKHUIZEN GERMAIN DECONINCK, TENNIS UNION MOUSCRON, GDW HOLDING
since 2023 · until 2029
Shareholders
45.1%
14.9%
Participations
100%
Dansk Anhaengertraek GDW
50%
Establishments
Establishment units
Physical locations of this company
Hoogmolenwegel 23
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0801.770.326
- VAT number
- BE 0801.770.326
- Registered office
- Hoogmolenwegel 23, 8790 Waregem
- Names & denominations
- GDW Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 2023
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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