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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
G.T.C. from Lummen, company number BE0450065053, closed financial year 2025 with a result of € -38,598 after tax. For that financial year G.T.C. recorded a gross margin of € 174,931 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -101,958 to € -38,598. 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 June 30, 2026.
€ -1.5 million
▼ € 38,598 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,598
▲ 62 % less loss than in 2024
Profit after tax over the fiscal year.
€ 21,504
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 58,453
▲ 16% vs 2024
€ 58,500 per full-time equivalent. 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
€ 133,745
▼ 44% vs 2024
€ 104,601 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 8,191
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,416
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,308 | € 98,790 | € 105,701 | € 174,931 | ▲ 65% |
| Profit after taxes | € -410,457 | € -205,075 | € -101,958 | € -38,598 | ▲ € 63,360 |
| Equity | € -1,114,676 | € -1,319,540 | € -1,421,498 | € -1,460,096 | ▼ € 38,598 |
| Total debts | € 2,156,474 | € 2,106,332 | € 2,069,768 | € 1,980,513 | ▼ 4% |
| Cash | € 76,716 | € 59,706 | € 40,146 | € 21,504 | ▼ 46% |
| Land & buildings | € 404,678 | € 268,609 | € 241,708 | € 228,025 | ▼ 6% |
| Retained profit | € -1,233,211 | € -1,438,286 | € -1,540,245 | € -1,578,843 | ▼ € 38,598 |
| Bank debt | € 452,587 | € 347,205 | € 240,938 | € 133,745 | ▼ 44% |
| Balance sheet total | € 1,041,798 | € 786,793 | € 648,270 | € 520,417 | ▼ 20% |
| Employees (FTE) | - | - | - | 1 |
Key figures of G.T.C., fiscal years 2022 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 G.T.C.?
What happened at G.T.C. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xander GIELEN stepped down as director. NBB
- Kris GIELEN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 38,598. Source: NBB ↗
- Xander GIELEN became a director. NBB
- Kris GIELEN became a director. NBB
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
In short
From € 410,457 loss in 2022 to € 38,598 loss in 2025.
On average € 174,900 of value added per employee in 2025.
Management
The stake of Xander Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
G.T.C.The shares are held by Xander Invest (100%).
Directors
According to the 2025 annual accounts
Xander GIELEN
Director
Also active at: Bliss, Atelier Rebul Benelux, KADEE Management, Nine One One (911)
since 2023 · until 2029
Kris GIELEN
Director
Also active at: Bliss, Atelier Rebul Benelux, Nine One One (911), Xander Invest
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bosstraat 69
3560 Lummen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Bliss same network
€ -24,341 gross margin · 2025
Atelier Rebul Benelux same network
€ 4.3 million gross margin · 2025
Solarman
€ 224,232 gross margin · 2025
KADEE Management same network
€ 402,056 gross margin · 2025
Nine One One (911) same network
€ -1,160 gross margin · 2025
+6 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
- 0450.065.053
- VAT number
- BE 0450.065.053
- Registered office
- Bosstraat 69, 3560 Lummen
- Names & denominations
- G.T.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 1993
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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