Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 14.7 to 12.9.
Financials
Financial year 2025
GT-FOAM from Ravels, company number BE0816904702, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year GT-FOAM recorded a gross margin of € 2.9 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.5 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 July 24, 2026.
€ 3 million
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
12.9
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 979,307
▼ 2% vs 2024
€ 75,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 183,616
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 130,402
▼ 51% vs 2024
€ 66,213 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 154,797
▲ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,426
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,392,641 | € 2,998,326 | € 2,963,626 | € 2,898,065 | ▼ 2% |
| Profit after taxes | € 1,082,039 | € 1,453,384 | € 1,520,240 | € 1,499,431 | ▼ 1% |
| Equity | € 2,004,425 | € 3,034,584 | € 3,934,218 | € 3,009,709 | ▼ 23% |
| Total debts | € 931,978 | € 929,094 | € 1,042,285 | € 2,729,515 | ▲ 162% |
| Cash | € 610,833 | € 600,366 | € 1,039,139 | € 1,284,263 | ▲ 24% |
| Land & buildings | € 199,275 | € 175,975 | - | - | |
| Retained profit | € 1,912,525 | € 2,933,494 | € 3,833,128 | € 2,908,619 | ▼ 24% |
| Dividend | € 200,000 | € 400,000 | € 600,000 | € 2,400,000 | ▲ 300% |
| Bank debt | € 509,094 | € 395,551 | € 268,402 | € 130,402 | ▼ 51% |
| Balance sheet total | € 3,041,068 | € 4,078,809 | € 5,103,148 | € 5,865,869 | ▲ 15% |
| Employees (FTE) | 13.8 | 14.7 | 13.9 | 12.9 | ▼ 1 |
Key figures of GT-FOAM, 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 GT-FOAM?
What happened at GT-FOAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▼ 1% vs 2024). Source: NBB ↗
- Insulation Partners became a director. NBB
- New establishment in Ravels. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 1.5 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 224,700 of value added per employee in 2025.
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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 GTF INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GT-FOAMBehind GT-FOAM are GTF INVEST, Insulation Partners and J&N INVEST. The shares are held by GTF INVEST (100%).
Directors
According to the 2025 annual accounts
Director · represented by Pieter Rober
since 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 8
2381 Ravels
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0816.904.702
- VAT number
- BE 0816.904.702
- Registered office
- Nijverheidsstraat 8, 2381 Ravels
- Names & denominations
- GT-FOAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2009
- Peppol
- Active · Active since 7 Jan 2026
- Contact
- gt-foam.be
- Activities · NACE
Installatie van isolatie
Isolatiewerkzaamheden
Overige werkzaamheden in verband met de afwerking van gebouwen
Algemene elektrotechnische installatiewerken