Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
GILLAM from Liège, company number BE0414125464, closed financial year 2025 with a result of € -12,438 after tax. For that financial year GILLAM recorded a gross margin of € -2,514 and equity of € -2.3 million. Compared with financial year 2024, the result moved from € -91,926 to € -12,438. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.
€ -2.3 million
▼ € 12,438 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,438
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 341,150
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.1 million.
People and assets in 2025
€ 1,224
▲ 58% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 637,508
€ 33,697 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 182,720
Supplier invoices still open on the last day of the fiscal year.
€ 99,241
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,861,802 | € 545,698 | € 30,009 | - | |
| Gross margin | € 4,525,110 | € 273,760 | € -91,070 | € -2,514 | ▲ € 88,556 |
| Profit after taxes | € -4,359,353 | € 180,646 | € -91,926 | € -12,438 | ▲ € 79,488 |
| Equity | € -2,301,285 | € -2,243,833 | € -2,335,759 | € -2,348,197 | ▼ € 12,438 |
| Total debts | € 2,229,538 | € 1,726,050 | € 1,531,378 | € 1,520,098 | ▼ 1% |
| Cash | € 293,358 | € 2,346,223 | € 422,574 | € 341,150 | ▼ 19% |
| Land & buildings | € 1,512,000 | - | - | - | |
| Retained profit | € -5,200,350 | € -5,019,704 | € -5,111,630 | € -5,124,068 | |
| Bank debt | € 968,822 | € 633,697 | € 637,508 | € 637,508 | |
| Balance sheet total | € 3,031,927 | € 2,534,947 | € 422,574 | € 341,150 | ▼ 19% |
| Employees (FTE) | 28 | 0 | - | - |
Key figures of GILLAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GILLAM?
What happened at GILLAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GILLAM is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 12,438. Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.4 million loss in 2022 to € 12,438 loss in 2025.
Paid € 3,936 in corporate taxes since 2022.
Best year ever: 2023, with € 180,646 profit.
On average € 161,600 of value added per employee in 2022.
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 7C
4000 Liège
Mont Saint-Martin 58
4000 Liège
Active since 1 May 1974
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
- 0414.125.464
- VAT number
- BE 0414.125.464
- Registered office
- Boulevard d'Avroy 7C, 4000 Liège
- Names & denominations
- GILLAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 5 April 1974
- Peppol
- Not registered
- Contact
- 042329595