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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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Gills & Scales from Houthalen-Helchteren, company number BE0541580296, closed financial year 2025 with a result of € -8,212 after tax. For that financial year Gills & Scales recorded a gross margin of € 126,526 and equity of € -305,633. Compared with financial year 2024, the result moved from € 13,825 to € -8,212. 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 July 28, 2026.
€ -305,633
▼ € 8,212 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,212
▼ still € 13,825 profit in 2024
Profit after tax over the fiscal year.
€ 6,271
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -438,633.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 77,852
▲ 31% 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.
€ 5,760
▼ 81% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 160,884
▼ 12% vs 2024
€ 1,714 is repaid this year. At this pace the long-term loan is gone in ≈ 94 years.
€ 5,458
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,533
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 80,251 | € 96,463 | € 141,093 | € 126,526 | ▼ 10% |
| Profit after taxes | € -67,650 | € -42,065 | € 13,825 | € -8,212 | ▼ € 22,037 |
| Equity | € -269,181 | € -311,246 | € -297,421 | € -305,633 | ▼ € 8,212 |
| Total debts | € 521,795 | € 492,524 | € 468,738 | € 446,021 | ▼ 5% |
| Cash | € 2,919 | € 4,892 | € 5,292 | € 6,271 | ▲ 19% |
| Land & buildings | € 74,531 | € 60,540 | € 50,048 | € 50,531 | ▲ 1% |
| Retained profit | € -402,181 | € -444,246 | € -430,421 | € -438,633 | ▼ € 8,212 |
| Bank debt | € 235,705 | € 203,753 | € 182,259 | € 160,884 | ▼ 12% |
| Balance sheet total | € 252,614 | € 181,278 | € 171,317 | € 140,388 | ▼ 18% |
| Employees (FTE) | 2 | - | - | 0 |
Key figures of Gills & Scales, 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 Gills & Scales?
What happened at Gills & Scales in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,212 (▼ € 22,037 vs 2024). Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,650 loss in 2022 to € 8,212 loss in 2025.
Best year ever: 2024, with € 13,825 profit.
On average € 40,100 of value added per employee in 2022.
Management
Behind Gills & Scales is Bob Cuyvers. Bob Cuyvers is also behind ECHOBEL, CUROSA, GALM PARTICIPATIES, Inch-off and DREAMBAITS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bronweg 57
3530 Houthalen-Helchteren
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
- 0541.580.296
- VAT number
- BE 0541.580.296
- Registered office
- Bronweg 57, 3530 Houthalen-Helchteren
- Names & denominations
- Gills & Scales
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2013
- Peppol
- Active · Active since 16 Dec 2025
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