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 6 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
G.M.P. from Wavre, company number BE0448821176, closed financial year 2026 with a result of € -87,168 after tax. For that financial year G.M.P. recorded a gross margin of € -22,610 and equity of € 536,357. Compared with financial year 2025, the result moved from € 219,842 to € -87,168. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 12, 2026.
€ 536,357
▼ 14% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -87,168
▼ still € 219,842 profit in 2025
Profit after tax over the fiscal year.
€ 10,428
▼ 96% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 461,989.
Debts at end 2026
€ 441,509
▼ 5% vs 2025
€ 58,597 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 8,713
▲ 100% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 113,499 | € 27,466 | € 54,079 | € -22,610 | ▼ € 76,690 |
| Profit after taxes | € 155,231 | € 38,264 | € 219,842 | € -87,168 | ▼ € 307,010 |
| Equity | € 365,419 | € 403,683 | € 623,525 | € 536,357 | ▼ 14% |
| Total debts | € 1,537,004 | € 858,176 | € 783,224 | € 567,074 | ▼ 28% |
| Cash | € 163,845 | € 3,897 | € 248,330 | € 10,428 | ▼ 96% |
| Land & buildings | € 331,979 | € 315,646 | € 288,718 | € 261,790 | ▼ 9% |
| Retained profit | € 291,051 | € 329,315 | € 549,157 | € 461,989 | ▼ 16% |
| Bank debt | € 620,943 | € 540,402 | € 466,332 | € 441,509 | ▼ 5% |
| Balance sheet total | € 1,902,423 | € 1,261,859 | € 1,406,749 | € 1,103,431 | ▼ 22% |
Key figures of G.M.P., fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to G.M.P.?
What happened at G.M.P. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 87,168 (▼ € 307,010 vs 2025). Source: NBB ↗
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 155,231 profit in 2023 to € 87,168 loss in 2026.
Paid € 17,025 in corporate taxes since 2023.
Best year ever: 2025, with € 219,842 profit.
Management
The stake of TAAA Management, EMMA SOLUTIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
G.M.P.Behind G.M.P. are Thibaut Fontaine and Mohamed AKARIOU. The shares are held by TAAA Management (25%) and EMMA SOLUTIONS (11%). It owns 35.7% of MCS Kick & Rush itself.
Directors
According to the 2026 annual accounts
Mohamed AKARIOU
Director
Also active at: WN - Retail Management, W12 - Retail Management, BCFA Retail Management, BELGOSWEET
Shareholders
25%
11%
Participations
35.7%
Establishments
Establishment units
Physical locations of this company
Boulevard de l'Europe 123
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →CODIVES
€ 47,173 gross margin · 2025
KICK AND RUSH same network
€ 25.6 million revenue · 2025
Coder Management
€ 3,017 gross margin · 2025
Fiduciaire Consulting BCF
€ 381,300 gross margin · 2025
ADK Management
€ 92,564 gross margin · 2025
+2 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
- 0448.821.176
- VAT number
- BE 0448.821.176
- Registered office
- Boulevard de l'Europe 123, 1300 Wavre
- Names & denominations
- G.M.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 1992
- Peppol
- Active · Active since 26 May 2025
- Activities · NACE
Prepress- en premediadiensten
Prepress-activiteiten