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 33 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES from Sint-Lambrechts-Woluwe, company number BE0438130588, closed financial year 2025 with a result of € 254,377 after tax. For that financial year GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES recorded a gross margin of € 767,476 and equity of € 3 million. Compared with financial year 2024, the result moved from € 241,561 to € 254,377. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 3 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 254,377
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 87,809
▲ 280% 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 € 2.9 million.
People and assets in 2025
€ 36,855
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8,813
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 250,769
▲ 206% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 336,698 | € 94,307 | € 394,338 | € 767,476 | ▲ 95% |
| Profit after taxes | € 106,021 | € 14,688 | € 241,561 | € 254,377 | ▲ 5% |
| Equity | € 5,215,608 | € 3,792,780 | € 2,715,341 | € 2,984,473 | ▲ 10% |
| Total debts | € 430,772 | € 1,688,368 | € 1,703,599 | € 1,803,624 | ▲ 6% |
| Cash | € 2,565,147 | € 335,915 | € 23,109 | € 87,809 | ▲ 280% |
| Land & buildings | € 1,531,343 | € 1,496,946 | € 1,454,715 | € 1,412,484 | ▼ 3% |
| Retained profit | € 3,834,608 | € 2,411,780 | € 2,653,341 | € 2,907,718 | ▲ 10% |
| Dividend | € 0 | € 1,437,516 | € 0 | € 0 | |
| Bank debt | € 36,000 | € 12,000 | € 0 | € 0 | |
| Balance sheet total | € 5,646,380 | € 5,481,148 | € 4,418,940 | € 4,788,097 | ▲ 8% |
Key figures of GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES, 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 January 2027.
What happened to GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES?
What happened at GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pax Affaires SA stepped down as director. NBB
- Thierry Gruslin stepped down as director. NBB
- Jean Paul Gruslin stepped down as director. NBB
- Sophie Gruslin stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 254,377 (▲ 5% vs 2024). Source: NBB ↗
- Pax Affaires SA became a director. NBB
- Thierry Gruslin became a director. NBB
- Jean Paul Gruslin became a director. NBB
In short
From € 106,021 profit in 2022 to € 254,377 profit in 2025.
Paid € 661,635 in corporate taxes since 2022.
Best year ever: 2025, with € 254,377 profit.
Paid out € 1.4 million 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
Directors
According to the 2025 annual accounts
Director · represented by François Detandt
Also active at: F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS, SIGECO, Société Forestière d'ODEIGNE, BIMMO, OAKS ESTATE, MULTIFIN, FRIENDS INVESTMENTS, DURNABLE +6 more
since 2020 · until 2026
Thierry Gruslin
Director
since 2020 · until 2026
Jean Paul Gruslin
Managing director
since 2020 · until 2026
Sophie Gruslin
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Vergoteplein 19
1200 Sint-Lambrechts-Woluwe
Kamerdellelaan 74
1180 Ukkel
Active since 1 September 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →Société d'Etudes, de Gestion et Immobilière
€ -2,638 gross margin · 2025
Immobilière des Tanneurs
€ 3,528 gross margin · 2025
F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS same network
€ -714 gross margin · 2025
Société Immobilière du Canal
G.A.B.S.
€ 58,101 gross margin · 2025
+58 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.130.588
- VAT number
- BE 0438.130.588
- Registered office
- Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- GLOBAL TREASURY MANAGEMENT AND ADVISORY SERVICES · G.T.M.A.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 July 1989
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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