Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
GSH Management from Amel, company number BE1005130034, closed financial year 2025 with a result of € 148,833 after tax. For that financial year GSH Management recorded a gross margin of € -1,123 and equity of € 151,119. Compared with financial year 2024, the result moved from € -2,714 to € 148,833. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 151,119
▲ € 148,833 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 148,833
▲ still € 2,714 loss in 2024
Profit after tax over the fiscal year.
€ 3,813
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 146,119.
Debts at end 2025
€ 100,000
▼ 33% vs 2024
Loans from banks and other lenders, long and short.
€ 1,123
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -2,484 | € -1,123 | ▲ € 1,361 |
| Profit after taxes | € -2,714 | € 148,833 | ▲ € 151,548 |
| Equity | € 2,286 | € 151,119 | ▲ € 148,833 |
| Total debts | € 552,606 | € 402,693 | ▼ 27% |
| Cash | € 4,892 | € 3,813 | ▼ 22% |
| Retained profit | € -2,714 | € 146,119 | ▲ € 148,833 |
| Bank debt | € 150,000 | € 100,000 | ▼ 33% |
| Balance sheet total | € 554,892 | € 553,813 |
Key figures of GSH Management, fiscal years 2024 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 GSH Management?
What happened at GSH Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 148,833. filed late Source: NBB ↗
- New establishment in Amel. KBO
- Gary Röhl became a director. NBB
- Stephanie Mertes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,714 loss in 2024 to € 148,833 profit in 2025.
Best year ever: 2025, with € 148,833 profit.
Management
Behind GSH Management are Gary Röhl and Stephanie Mertes . It owns 100% of R.S. Construction itself.
Directors
According to the 2025 annual accounts
Gary Röhl
Director
since 2024
Stephanie Mertes
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Halenfeld,Zum Hütel 55
4770 Amel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1005.130.034
- VAT number
- BE 1005.130.034
- Registered office
- Halenfeld,Zum Hütel 55, 4770 Amel
- Names & denominations
- GSH Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2024
- Peppol
- Not registered