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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.3 to 4.5.
Financials
Financial year 2025
GSL ARDENNES from Bastogne, company number BE0883782044, closed financial year 2025 with a result of € -496,647 after tax. For that financial year GSL ARDENNES recorded a gross margin of € 191,117 and equity of € -382,790. Compared with financial year 2024, the result moved from € 73,582 to € -496,647. 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 August 11, 2026.
€ -382,790
▼ € 496,647 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -496,647
▼ still € 73,582 profit in 2024
Profit after tax over the fiscal year.
€ 91,019
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -477,790.
People and assets in 2025
4.5
▼ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 430,766
▼ 52% vs 2024
€ 95,700 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.
€ 4,688
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 363,895
▼ 32% vs 2024
€ 44,837 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 50,908
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,452
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 890,646 | € 1,003,702 | € 1,240,898 | € 191,117 | ▼ 85% |
| Profit after taxes | € 102,182 | € 179,296 | € 73,582 | € -496,647 | ▼ € 570,229 |
| Equity | € -139,020 | € 40,275 | € 113,858 | € -382,790 | ▼ € 496,647 |
| Total debts | € 2,768,162 | € 2,634,571 | € 1,408,073 | € 919,054 | ▼ 35% |
| Cash | € 130,314 | € 107,442 | € 128,684 | € 91,019 | ▼ 29% |
| Land & buildings | € 852,688 | € 643,352 | € 140,226 | € 118,351 | ▼ 16% |
| Retained profit | € -234,020 | € -54,725 | € 18,858 | € -477,790 | ▼ € 496,647 |
| Bank debt | € 1,795,871 | € 1,677,122 | € 538,868 | € 363,895 | ▼ 32% |
| Balance sheet total | € 2,629,141 | € 2,674,847 | € 1,521,931 | € 536,265 | ▼ 65% |
| Employees (FTE) | 11.9 | 10.3 | 8.3 | 4.5 | ▼ 3.8 |
Key figures of GSL ARDENNES, fiscal years 2021 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 GSL ARDENNES?
What happened at GSL ARDENNES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 496,647 (▼ € 570,229 vs 2024). filed late Source: NBB ↗
- Gustave GOEYENS stepped down as director. NBB
- Chantal WILMART became a director. NBB
- Gustave GOEYENS became a director. NBB
- New establishment in Fontaine-l'Evêque. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,182 profit in 2021 to € 496,647 loss in 2025.
Paid € 47,487 in corporate taxes since 2021.
Best year ever: 2022, with € 179,296 profit.
On average € 42,500 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 GOEYENS FINANCES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GSL ARDENNESBehind GSL ARDENNES is Chantal WILMART. The shares are held by GOEYENS FINANCES (100%).
Directors
According to the 2025 annual accounts
Chantal WILMART
Director
Also active at: Etablissements Devergnies, Bullman SA, COBELUX, STADE-INTER-SERVICES, RENAULT LODELINSART, CARROSSERIE RENAULT, GSL CHARLEROI, A.G. IMMO +13 more
since 2025
Gustave GOEYENS
Director
Also active at: Etablissements Devergnies, Bullman SA, Inducom, Etablissements Gustave Goyens, Immobilière de Maire, COBELUX, STADE-INTER-SERVICES, RENAULT LODELINSART +16 more
since 2024 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Gréay(Gréay) 2
6687 Bastogne
Rue de Mons(F-E) 502
6140 Fontaine-l'Evêque
Active since 18 October 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0883.782.044
- VAT number
- BE 0883.782.044
- Registered office
- Rue de Gréay(Gréay) 2, 6687 Bastogne
- Names & denominations
- GSL ARDENNES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)