Financials
Financial year 2025
GULLWING from Waregem, company number BE0897463103, closed financial year 2025 with a result of € 5.7 million after tax. For that financial year GULLWING recorded revenue of € 1 million and equity of € 17.6 million. Compared with financial year 2024, the result moved from € 2.7 million to € 5.7 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 September 11, 2026.
€ 17.6 million
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.7 million
▲ 114% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
4 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 34,465
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▼ 63% vs 2024
€ 126,941 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 57,797
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 104 days on average.
€ 77,875
▼ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 601,690 | € 1,034,738 | € 1,530,947 | € 1,023,563 | ▼ 33% |
| Profit after taxes | € 244,524 | € 2,349,061 | € 2,657,373 | € 5,683,407 | ▲ 114% |
| Equity | € 7,654,699 | € 9,803,760 | € 12,211,132 | € 17,644,540 | ▲ 44% |
| Total debts | € 5,266,513 | € 8,115,710 | € 6,586,467 | € 2,577,278 | ▼ 61% |
| Cash | € 888,204 | € 1,591,114 | € 1,564,726 | € 1,959,316 | ▲ 25% |
| Land & buildings | € 3,574,568 | € 7,721,350 | € 7,622,334 | € 7,523,319 | ▼ 1% |
| Retained profit | € 5,907,800 | € 8,056,861 | € 10,464,233 | € 15,897,641 | ▲ 52% |
| Dividend | € 0 | € 200,000 | € 250,000 | € 250,000 | |
| Bank debt | € 5,199,947 | € 7,546,873 | € 5,896,162 | € 2,189,875 | ▼ 63% |
| Balance sheet total | € 12,921,212 | € 17,919,470 | € 18,797,599 | € 20,221,818 | ▲ 8% |
| Employees (FTE) | - | - | 0.5 | - |
Key figures of GULLWING, 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 GULLWING?
What happened at GULLWING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vincent Yserbyt stepped down as director. NBB
- Katrien Mahieu stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.7 million (▲ 114% vs 2024). filed late Source: NBB ↗
- Vincent Yserbyt became a director. NBB
- New establishment in Waregem. KBO
- Katrien Mahieu became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 244,524 profit in 2022 to € 5.7 million profit in 2025.
Paid € 608,953 in corporate taxes since 2022.
Best year ever: 2025, with € 5.7 million profit.
Paid out € 700,000 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
Directors
According to the 2025 annual accounts
Vincent Yserbyt
Managing director
Also active at: LUXAUTO, ATK Carparts, MIG Motors, Van Gogh Capital, FLEETINVEST, MIG Motors Latem, Mig Motors Wonder
since 2013 · until 2027
Katrien Mahieu
Director
since 2008 · until 2027
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 165
8790 Waregem
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
- 0897.463.103
- VAT number
- BE 0897.463.103
- Registered office
- Franklin Rooseveltlaan 165, 8790 Waregem
- Names & denominations
- GULLWING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 April 2008
- Peppol
- Active · Active since 18 Jan 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Handelsbemiddeling in de groothandel in andere specifieke goederen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Handel in eigen onroerend goed
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
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