Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Gielen Painting from Merelbeke-Melle, company number BE1011184121, closed financial year 2025 with a result of € -5,728 after tax. For that financial year Gielen Painting recorded a gross margin of € 10,672 and equity of € 5,399. Compared with financial year 2024, the result moved from € 9,460 to € -5,728. The company made a loss. The buffer shrank hard: equity is 51 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 5,399
▼ 51% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,728
▼ still € 9,460 profit in 2024
Profit after tax over the fiscal year.
€ 122
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2,899.
People and assets in 2025
€ 34,618
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 30,334
▲ 84% vs 2024
€ 6,444 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 12,593
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,021
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 17,844 | € 10,672 | ▼ 40% |
| Profit after taxes | € 9,460 | € -5,728 | ▼ € 15,189 |
| Equity | € 11,127 | € 5,399 | ▼ 51% |
| Total debts | € 36,360 | € 52,817 | ▲ 45% |
| Cash | € 338 | € 122 | ▼ 64% |
| Retained profit | € 8,627 | € 2,899 | ▼ 66% |
| Dividend | € 833 | € 0 | ▼ 100% |
| Bank debt | € 16,506 | € 30,334 | ▲ 84% |
| Balance sheet total | € 47,487 | € 58,215 | ▲ 23% |
Key figures of Gielen Painting, 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 Gielen Painting?
What happened at Gielen Painting in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,728 (▼ € 15,189 vs 2024). Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Edward Gielen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,460 profit in 2024 to € 5,728 loss in 2025.
Paid € 2,521 in corporate taxes since 2024.
Best year ever: 2024, with € 9,460 profit.
Paid out € 833 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
Behind Gielen Painting are Edward Gielen and Marleen Deckmyn.
Directors
According to the 2025 annual accounts
Edward Gielen
Director
since 2024
Marleen Deckmyn
Director
Establishments
Establishment units
Physical locations of this company
Gontrode Heirweg 232A
9090 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1011.184.121
- VAT number
- BE 1011.184.121
- Registered office
- Gontrode Heirweg 232A, 9090 Merelbeke-Melle
- Names & denominations
- Gielen Painting
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2024
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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