Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
GILTAM from Turnhout, company number BE0461110185, closed financial year 2025 with a result of € -274,923 after tax. For that financial year GILTAM recorded a gross margin of € -46,948 and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 1.5 million to € -274,923. 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 July 8, 2026.
€ 2.9 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -274,923
▼ still € 1.5 million profit in 2024
Profit after tax over the fiscal year.
€ 576,155
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2025
2.5
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 155,659
▲ 44% vs 2024
€ 62,300 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
€ 1.1 million
▼ 21% vs 2024
€ 300,000 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 83,393
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,965
▲ 65% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,166,872 | € 5,726,525 | - | - | |
| Gross margin | - | - | € 2,352,631 | € -46,948 | ▼ € 2.4 million |
| Profit after taxes | € 427,364 | € 336,023 | € 1,473,376 | € -274,923 | ▼ € 1.7 million |
| Equity | € 3,157,522 | € 1,693,545 | € 3,166,921 | € 2,891,999 | ▼ 9% |
| Total debts | € 2,922,389 | € 2,631,484 | € 2,317,757 | € 1,229,359 | ▼ 47% |
| Cash | € 185,030 | € 778,643 | € 1,834,759 | € 576,155 | ▼ 69% |
| Land & buildings | € 501,867 | € 495,546 | € 247,757 | € 247,757 | |
| Retained profit | € 2,560,522 | € 1,096,545 | € 2,569,921 | € 2,294,999 | ▼ 11% |
| Dividend | € 0 | € 1,800,000 | € 0 | € 0 | |
| Bank debt | € 2,400,000 | € 1,800,000 | € 1,425,000 | € 1,125,000 | ▼ 21% |
| Balance sheet total | € 6,079,911 | € 4,325,029 | € 5,484,678 | € 4,121,357 | ▼ 25% |
| Employees (FTE) | 2.8 | 2.4 | 1.9 | 2.5 | ▲ 0.6 |
Key figures of GILTAM, 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 GILTAM?
What happened at GILTAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carl Liekens stepped down as director. NBB
- Pentahold NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 274,923 (▼ € 1.7 million vs 2024). Source: NBB ↗
- SNUGGLES & DREAMS BV became a director. NBB
- D&P Retail Solutions BV stepped down as director. NBB
- D&P Retail Solutions BV became a director. NBB
- Carl Liekens became a director. NBB
- Pentahold NV became a director. NBB
In short
From € 427,364 profit in 2022 to € 274,923 loss in 2025.
Paid € 746,674 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 1.2 million of value added per employee in 2024.
Management
Behind GILTAM is SNUGGLES & DREAMS BV. The shares are held by Pelckmans Holding NV (100%) and Pelckmans Turnhout NV (0%).
Directors
According to the 2025 annual accounts
Persoon belast met dagelijks bestuur · represented by Philippe De Coninck
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GARDEN CENTER HOLDING, BLOEMENLAND, Garden Center Naninne, GARDEN CENTER TOURNAI, PELCKMANS TURNHOUT +9 more
since 2025
Carl Liekens
Director
Also active at: VERIAC, Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, GARDEN CENTER HOLDING, BLOEMENLAND, GARDEN CENTER LIFESTYLE +20 more
since 2023 · until 2029
Director · represented by Karel GIELEN
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, GARDEN CENTER HOLDING, BLOEMENLAND, GARDEN CENTER LIFESTYLE, Garden Center Naninne +15 more
since 2023 · until 2029
Persoon belast met dagelijks bestuur · represented by Alain Hellebaut
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GARDEN CENTER HOLDING, BLOEMENLAND, Garden Center Naninne, GARDEN CENTER TOURNAI, PELCKMANS TURNHOUT +9 more
since 2023 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parklaan 2
2300 Turnhout
Maatheide 110 box a
3920 Lommel
Active since 27 August 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0461.110.185
- VAT number
- BE 0461.110.185
- Registered office
- Parklaan 2, 2300 Turnhout
- Names & denominations
- GILTAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1997
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- [email protected]
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