Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GK Holding from Ronse, company number BE0806477695, closed financial year 2025 with a result of € 5,598 after tax. For that financial year GK Holding recorded a gross margin of € 168,813 and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 41,106 to € 5,598. 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 September 28, 2026.
€ 4.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,598
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 6,390
▼ 96% 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 € 2.7 million.
Debts at end 2025
€ 686,794
▼ 3% vs 2024
€ 107,143 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 155,525
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,659
▲ 34% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,760 | € 183,753 | € 201,945 | € 168,813 | ▼ 16% |
| Profit after taxes | € -108,345 | € -1,238 | € 41,106 | € 5,598 | ▼ 86% |
| Equity | € 4,586,375 | € 4,585,138 | € 4,626,243 | € 4,631,841 | |
| Total debts | € 4,292,168 | € 4,994,030 | € 5,276,374 | € 4,320,414 | ▼ 18% |
| Cash | € 515,237 | € 324,694 | € 168,743 | € 6,390 | ▼ 96% |
| Land & buildings | € 1,750,743 | € 1,673,968 | € 1,597,193 | € 1,520,418 | ▼ 5% |
| Retained profit | € 2,622,075 | € 2,620,838 | € 2,661,943 | € 2,667,541 | |
| Bank debt | € 829,150 | € 752,074 | € 707,143 | € 686,794 | ▼ 3% |
| Balance sheet total | € 8,878,543 | € 9,579,168 | € 9,902,618 | € 8,952,255 | ▼ 10% |
Key figures of GK Holding, 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 GK Holding?
What happened at GK Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,598 (▼ 86% vs 2024). filed late Source: NBB ↗
- Vithe BV stepped down as director. NBB
- JASOV NV stepped down as director. NBB
- Jan Peter Pison stepped down as director. NBB
- Filip Fraeye stepped down as director. NBB
- FLOCK OF BIRDS BV stepped down as director. NBB
- FLOCK OF BIRDS BV became a director. NBB
- Jan Peter Pison became a director. NBB
In short
From € 108,345 loss in 2022 to € 5,598 profit in 2025.
Paid € 52,360 in corporate taxes since 2022.
Best year ever: 2024, with € 41,106 profit.
Management
The stake of JASOV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GK HoldingThe shares are held by JASOV (20%). It owns 100% of Kalker Garay SAS, 100% of ICR Garay Surface protection, 100% of Beugin Garay Benelux NV, 100% of Garay recubrimeintos S.I., 51% of SARL Garay Tunésie and 20% of H&M Linings LTD itself.
Directors
According to the 2025 annual accounts
Director · represented by Vidts Dirk
Also active at: HANNECARD BENELUX, Flexilis, BeuginGaray Benelux, OLMECA, HANNECARD, Uniflex
since 2020 · until 2026
Chairman of the board · represented by Verfaellie Paul
since 2020 · until 2026
since 2023 · until 2026
since 2023 · until 2026
since 2024 · until 2026
Shareholders
20%
Participations
Kalker Garay SAS
100%
ICR Garay Surface protection
100%
Garay recubrimeintos S.I.
100%
SARL Garay Tunésie
51%
H&M Linings LTD
20%
Beugin Industries SAS
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg 589
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →HANNECARD BENELUX same network
€ 17.6 million revenue · 2025
Eenheid Hannecard
Flexilis same network
€ -2,541 gross margin · 2025
BeuginGaray Benelux same network
€ 669,043 gross margin · 2025
OLMECA same network
€ 1,237 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0806.477.695
- VAT number
- BE 0806.477.695
- Registered office
- Ninoofsesteenweg 589, 9600 Ronse
- Names & denominations
- GK Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2008
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings