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 63 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 163.9 to 134.2.
Financials
Financial year 2024
GKW from Ternat, company number BE0876638686, closed financial year 2024 with a result of € 169,448 after tax. For that financial year GKW recorded revenue of € 35.3 million and equity of € 7.3 million. Compared with financial year 2023, the result moved from € 132 to € 169,448. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2025.
€ 7.3 million
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 169,448
▲ € 169,316 vs 2023
Profit after tax over the fiscal year.
€ 1.1 million
▼ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 7.3 million.
People and assets in 2024
134.2
▼ 15.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 7.2 million
▲ 2% vs 2023
€ 53,800 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.
€ 3.5 million
▼ 22% vs 2023
Of which on lease € 3.1 million.
Debts at end 2024
€ 10.5 million
▼ 14% vs 2023
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5.6 million
▲ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 95,827
▼ 66% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 31,878,428 | € 36,249,664 | € 32,293,211 | € 35,325,058 | ▲ 9% |
| Profit after taxes | € 696,061 | € 710,665 | € 132 | € 169,448 | ▲ € 169,316 |
| Equity | € 6,809,889 | € 7,162,119 | € 7,162,251 | € 7,331,700 | ▲ 2% |
| Total debts | € 9,430,686 | € 12,640,095 | € 17,677,307 | € 16,254,485 | ▼ 8% |
| Cash | € 2,378,281 | € 1,306,392 | € 1,387,526 | € 1,114,509 | ▼ 20% |
| Land & buildings | € 109,105 | € 73,728 | € 67,363 | € 61,794 | ▼ 8% |
| Retained profit | € 6,759,889 | € 7,112,119 | € 7,112,251 | € 7,281,700 | ▲ 2% |
| Dividend | € 0 | € 358,435 | € 0 | € 0 | |
| Bank debt | € 5,717,084 | € 7,557,280 | € 12,182,196 | € 10,521,297 | ▼ 14% |
| Balance sheet total | € 16,240,575 | € 19,802,214 | € 24,839,558 | € 23,586,184 | ▼ 5% |
| Employees (FTE) | 162.1 | 163.9 | 149.8 | 134.2 | ▼ 15.6 |
Key figures of GKW, fiscal years 2021 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 GKW?
What happened at GKW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 169,448 (▲ € 169,316 vs 2023). Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Ternat. KBO
- Gocen & Benli became a director. NBB
- Ahmalize became a director. NBB
- AGA Management became a director. NBB
- New establishment in Ternat. KBO
- Start of the company according to the CBE. KBO
In short
From € 696,061 profit in 2021 to € 169,448 profit in 2024.
Paid € 829,433 in corporate taxes since 2021.
Best year ever: 2022, with € 710,665 profit.
Paid out € 358,435 in dividends to the owners in total.
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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
Behind GKW are Gocen & Benli, Ahmalize and AGA Management. The shares are held by Ahmed Gocen (34%), Huseyin Gocen (33%) and Nuri Göcen (33%).
Directors
According to the 2024 annual accounts
since 2017
Director · represented by Gocen AHMED
Also active at: D.M. CABLES, INSTALLATIONS GENERALES ELECTRICITE, TELEDISTRIBUTION ET CHAUFFAGE, ZEAL PROJECTS, ZEAL INVEST, Zeal Construct, UVR
since 2017
Director · represented by Göcen NURI
since 2017
Shareholders
Ahmed Gocen
34%
Huseyin Gocen
33%
Nuri Göcen
33%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Essenestraat 20
1740 Ternat
Industrielaan 27
1740 Ternat
Active since 1 August 2022
Boeierstraat 46
9000 Gent
Active since 1 January 2024
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
- 0876.638.686
- VAT number
- BE 0876.638.686
- Registered office
- Essenestraat 20, 1740 Ternat
- Names & denominations
- GKW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2005
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden