Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Furmanite GSG from Antwerpen, company number BE0878217511, closed financial year 2025 with a result of € -2,650 after tax. For that financial year Furmanite GSG recorded a gross margin of € -13,275 and equity of € -4.5 million. Compared with financial year 2024, the result moved from € -36,419 to € -2,650. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ -4.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,650
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.7 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.6 million
Loans from banks and other lenders, long and short.
€ 8,430
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,703 | € -6,347 | € -24,235 | € -13,275 | ▲ € 10,960 |
| Profit after taxes | € -15,468 | € -52,594 | € -36,419 | € -2,650 | ▲ € 33,769 |
| Equity | € -4,437,761 | € -4,490,355 | € -4,526,774 | € -4,529,423 | |
| Total debts | € 4,786,733 | € 4,797,014 | € 4,812,619 | € 4,815,724 | |
| Retained profit | € -11,575,411 | € -11,628,005 | € -11,664,424 | € -11,667,073 | |
| Bank debt | € 1,610,107 | € 1,610,107 | € 1,610,107 | € 1,610,107 | |
| Balance sheet total | € 374,532 | € 358,929 | € 330,030 | € 319,340 | ▼ 3% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Furmanite GSG, 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 Furmanite GSG?
What happened at Furmanite GSG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,650. Source: NBB ↗
- Richard Bernard COLLINS stepped down as director. NBB
- Nelson Maurice HAIGHT became a director. NBB
- Andre Charles BOUCHARD stepped down as director. NBB
- Richard Bernard COLLINS became a director. NBB
- Matthew Emmanuel ACOSTA became a director. NBB
- Andre Charles BOUCHARD became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 15,468 loss in 2022 to € 2,650 loss in 2025.
A new publication or filing at Furmanite GSG? 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
Behind Furmanite GSG are Matthew Emmanuel ACOSTA and Nelson Maurice HAIGHT. The same people are also behind Team Industrial Services Belgium.
Directors
According to the 2025 annual accounts
since 2021
since 2025
Andre Charles BOUCHARD
Director
since 2016 · until 2025
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Michiganstraat 16 box 3
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0878.217.511
- VAT number
- BE 0878.217.511
- Registered office
- Michiganstraat 16 bus 3, 2030 Antwerpen
- Names & denominations
- Furmanite GSG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2005
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Vervaardiging van hydraulische en pneumatische apparatuur
Installatie van industriële machines, toestellen en werktuigen
Vervaardiging van pompen en compressoren
Vervaardiging van apparaten voor de bewaking van industriële processen