Financials
Financial year 2025
GEDEVCO from Gent, company number BE0881304188, closed financial year 2025 with a result of € 18.4 million after tax. For that financial year GEDEVCO recorded a gross margin of € 25.8 million and equity of € 7.2 million. Compared with financial year 2024, the result moved from € -338,767 to € 18.4 million. Profitable, and profit is growing. 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 May 29, 2026.
€ 7.2 million
▲ € 6.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.4 million
▲ still € 338,767 loss in 2024
Profit after tax over the fiscal year.
€ 2.1 million
▲ € 1.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 12 million paid out
65 % of the profit went to the shareholders, mostly to SOUVERAIN 400 (50 % of the shares). That is where the money ends up.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 863,266
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,535
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 | € -46,215 | € 669,751 | € -52,621 | € 25,772,045 | ▲ € 25.8 million |
| Profit after taxes | € 86,216 | € 659,858 | € -338,767 | € 18,381,332 | ▲ € 18.7 million |
| Equity | € 500,574 | € 1,160,433 | € 821,666 | € 7,202,997 | ▲ € 6.4 million |
| Total debts | € 12,485,108 | € 12,549,072 | € 14,547,003 | € 3,068,682 | ▼ 79% |
| Cash | € 173,366 | € 67,485 | € 137,800 | € 2,078,032 | ▲ € 1.9 million |
| Land & buildings | € 8,386,571 | € 8,551,609 | € 8,551,609 | € 0 | ▼ 100% |
| Retained profit | € 574 | € 660,433 | € 321,666 | € 6,702,997 | ▲ € 6.4 million |
| Dividend | € 0 | € 0 | € 0 | € 12,000,000 | |
| Bank debt | € 11,400,000 | € 11,700,000 | € 10,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 12,985,682 | € 13,709,504 | € 15,368,668 | € 10,271,680 | ▼ 33% |
Key figures of GEDEVCO, 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 GEDEVCO?
What happened at GEDEVCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Isabelle De Bruyn stepped down as director. NBB
- Ignaas Vandenabeele stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18.4 million. Source: NBB ↗
- Isabelle De Bruyn became a director. NBB
- Ignaas Vandenabeele became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,216 profit in 2022 to € 18.4 million profit in 2025.
Paid € 5.9 million in corporate taxes since 2022.
Best year ever: 2025, with € 18.4 million profit.
Paid out € 12 million in dividends to the owners in total.
Management
The stake of SOUVERAIN 400, EVERSITE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GEDEVCOThe shares are held by SOUVERAIN 400 (50%) and EVERSITE (50%).
Directors
According to the 2025 annual accounts
Isabelle De Bruyn
Managing director
Also active at: IMMOTRION, VANDEN BRUYN, CANAL PROPERTIES, DE VOORKANT, SOUVERAIN 400, TARGET INVEST, DEBINCO, EVERSITE +5 more
since 2022 · until 2028
Ignaas Vandenabeele
Managing director
Also active at: IMMOTRION, VANDEN BRUYN, CANAL PROPERTIES, DE VOORKANT, SOUVERAIN 400, TARGET INVEST, EVERSITE, CANAL CONSTRUCT +6 more
since 2022 · until 2028
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gordunakaai 87
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →IMMOTRION same network
€ 236,982 gross margin · 2025
VANDEN BRUYN same network
€ 304,268 gross margin · 2025
CANAL PROPERTIES same network
€ 1.5 million gross margin · 2025
DE VOORKANT same network
€ 1.2 million gross margin · 2025
TARGET INVEST same network
€ -1,604 gross margin · 2025
+4 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
- 0881.304.188
- VAT number
- BE 0881.304.188
- Registered office
- Gordunakaai 87, 9000 Gent
- Names & denominations
- GEDEVCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 2006
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Schatten en evalueren van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis