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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.8 to 9.5.
Financials
Financial year 2024
GANDA from Destelbergen, company number BE0861869744, closed financial year 2024 with a result of € -1.6 million after tax. For that financial year GANDA recorded revenue of € 2.5 million and equity of € 687,668. Compared with financial year 2023, the result moved from € -548,529 to € -1.6 million. The company made a loss. The buffer shrank hard: equity is 57 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2025.
€ 687,668
▼ 57% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 187 % more loss than in 2023
Profit after tax over the fiscal year.
€ 18,704
▲ € 16,048 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.4 million.
People and assets in 2024
9.5
▼ 3.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 25% vs 2023
€ 142,600 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.
€ 1.2 million
▲ € 1.2 million vs 2023
Of which on lease € 1.2 million.
Debts at end 2024
€ 5.8 million
▲ 99% vs 2023
€ 235,254 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 111,108
▲ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 134,593
▼ 27% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 1,938,504 | € 1,993,883 | € 2,458,651 | ▲ 23% |
| Profit after taxes | € -702,038 | € -548,529 | € -1,573,070 | ▼ € 1 million |
| Equity | € 2,159,266 | € 1,610,738 | € 687,668 | ▼ 57% |
| Total debts | € 3,766,866 | € 3,914,780 | € 6,228,485 | ▲ 59% |
| Cash | € 911 | € 2,656 | € 18,704 | ▲ € 16,048 |
| Land & buildings | - | - | € 131,926 | |
| Retained profit | € -1,269,369 | € -1,817,897 | € -3,390,967 | ▼ € 1.6 million |
| Bank debt | € 1,911,534 | € 2,911,869 | € 5,783,925 | ▲ 99% |
| Balance sheet total | € 5,926,133 | € 5,525,518 | € 6,916,153 | ▲ 25% |
| Employees (FTE) | 16.8 | 13.2 | 9.5 | ▼ 3.7 |
Key figures of GANDA, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GANDA?
What happened at GANDA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koen Damme stepped down as director. NBB
- Valerie Cornelis stepped down as director. NBB
- Dirk Cornelis stepped down as director. NBB
- Jonelinvest stepped down as director. NBB
- Matheo Cornelis stepped down as director. NBB
- Maluma stepped down as director. NBB
- Jurgen Vandervelden stepped down as director. NBB
- Pieter De Graeve stepped down as director. NBB
In short
From € 702,038 loss in 2022 to € 1.6 million loss in 2024.
Paid € 7,917 in corporate taxes since 2022.
Pays suppliers within 41 days on average.
Management
The shares are held by Dirk Cornelis (60%), Jonelinvest (30%) and Koen Damme (10%). It owns 99% of Vleeswaren Hoste NV, 98.2% of Vleeswaren Corma NV, 96.7% of Vasedel SA, 70.2% of B&S NV and 32.2% of Emeraude itself.
Directors
According to the 2024 annual accounts
Koen Damme
Director
Owns 10% directly
Also active at: VLEESWAREN CORMA, B & S, EMERAUDE, VLEESWAREN HOSTE, MA-VIAN
since 2024 · until 2030
Valerie Cornelis
Director
Also active at: VLEESWAREN CORMA, B & S, EMERAUDE, VCPRO, VLEESWAREN HOSTE
since 2024 · until 2030
Dirk Cornelis
Director
Owns 60% directly
Also active at: VLEESWAREN CORMA, B & S, BELGIUM DELI, INTERMAR SERVICE, EMERAUDE, COMEX, VLEESWAREN HOSTE
since 2024 · until 2030
Director · represented by Swerts VICTOR
Also active at: Aerotrim, RECTAVIT, DE NEEF CHEMICAL PROCESSING, SOUDAL HOLDING, Smile Invest, HITA, ACE FAMILY FUND, Adaptive +1 more
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Criel LUC
since 2024 · until 2030
Jurgen Vandervelden
Director
Also active at: JONELINVEST, Smile Invest, Adaptive, Next Day Investment Partners I
since 2024 · until 2030
Pieter De Graeve
Director
since 2024 · until 2030
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Haenhoutstraat 210
9070 Destelbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0861.869.744
- VAT number
- BE 0861.869.744
- Registered office
- Haenhoutstraat 210, 9070 Destelbergen
- Names & denominations
- GANDA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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