Debtberg from Ghelamco shrunk considerably, but Paul Gheysens is not (for a long time) from danger zone

Ghelamco and Paul Gheysens (71) have waited until the last nick of time to announce last year’s annual results. However, they said they were ‘better’ than expected. Despite a loss of 323.9 million euros, the billion -dollar debt was considerably reduced. Although, according to financial expert Pascal Paepen, one sword remains more dangerous above the real estate company Bengelen: “The now notorious bond loan of 80 million euros can still cause problems.” Company revisor KPMG also seems to be worried about that.

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