Financials
Financial year 2025
GEWAL from Watermaal-Bosvoorde, company number BE0898756765, closed financial year 2025 with a result of € -112,606 after tax. For that financial year GEWAL recorded revenue of € 9.7 million and equity of € 627,951. Compared with financial year 2024, the result moved from € 36,124 to € -112,606. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 627,951
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -112,606
▼ still € 36,124 profit in 2024
Profit after tax over the fiscal year.
€ 56,420
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -122,049.
People and assets in 2025
19.1
Average over the fiscal year, from the social balance sheet.
€ 834,207
▼ 1% vs 2024
€ 43,700 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.
€ 48,826
▲ 212% vs 2024
Of which on lease € 29,131.
Debts at end 2025
€ 68,963
▲ € 57,321 vs 2024
€ 48,977 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1.5 million
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 89,832
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,323,470 | € 10,386,886 | € 9,545,704 | € 9,713,444 | ▲ 2% |
| Gross margin | € 972,009 | € 1,139,441 | € 991,137 | € 833,766 | ▼ 16% |
| Profit after taxes | € 121,905 | € 140,430 | € 36,124 | € -112,606 | ▼ € 148,730 |
| Equity | € 564,002 | € 704,432 | € 740,557 | € 627,951 | ▼ 15% |
| Total debts | € 1,757,468 | € 1,558,353 | € 1,524,251 | € 1,844,816 | ▲ 21% |
| Cash | € 140,869 | € 134,189 | € 80,226 | € 56,420 | ▼ 30% |
| Retained profit | € -185,998 | € -45,568 | € -9,443 | € -122,049 | ▼ € 112,606 |
| Bank debt | € 77,492 | € 13,809 | € 11,642 | € 68,963 | ▲ € 57,321 |
| Balance sheet total | € 2,321,470 | € 2,262,785 | € 2,264,808 | € 2,472,766 | ▲ 9% |
| Employees (FTE) | 21.2 | 19.6 | 19.1 | 19.1 |
Key figures of GEWAL, 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 GEWAL?
What happened at GEWAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- André LEGRAND stepped down as director. NBB
- Christophe THIRY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 112,606 (▼ € 148,730 vs 2024). Source: NBB ↗
- André LEGRAND became a director. NBB
- Christophe THIRY became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 121,905 profit in 2022 to € 112,606 loss in 2025.
Paid € 71,338 in corporate taxes since 2022.
Best year ever: 2023, with € 140,430 profit.
On average € 43,700 of value added per employee in 2025.
A new publication or filing at GEWAL? 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
The shares are held by ARCADE (100%) and Christophe THIRY (1%).
Directors
According to the 2025 annual accounts
André LEGRAND
Managing director
Also active at: GEKEL, VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO +2 more
since 2025 · until 2031
Christophe THIRY
Managing director
Owns 1% directly
Also active at: GEKEL, VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO +2 more
since 2025 · until 2031
Shareholders
100%
Christophe THIRY · director
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Eugène Keymplein 83
1170 Watermaal-Bosvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.756.765
- VAT number
- BE 0898.756.765
- Registered office
- Eugène Keymplein 83, 1170 Watermaal-Bosvoorde
- Names & denominations
- GEWAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 2008
- Peppol
- Active · Active since 1 Oct 2025
- Activities · NACE
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Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)