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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GHLM from Tervuren, company number BE0676619045, closed financial year 2025 with a result of € -16,855 after tax. For that financial year GHLM recorded a gross margin of € -12,789 and equity of € 60,272. Compared with financial year 2024, the result moved from € 6,356 to € -16,855. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 60,272
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,855
▼ still € 6,356 profit in 2024
Profit after tax over the fiscal year.
€ 14,800
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 35,272.
People and assets in 2025
€ 1,044
▼ 51% 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.
€ 23,028
▲ 142% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,841
▼ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,417 | € 35,624 | € 12,722 | € -12,789 | ▼ € 25,511 |
| Profit after taxes | € 2,803 | € 14,872 | € 6,356 | € -16,855 | ▼ € 23,210 |
| Equity | € 55,899 | € 70,771 | € 77,127 | € 60,272 | ▼ 22% |
| Total debts | € 213,439 | € 239,973 | € 225,002 | € 267,901 | ▲ 19% |
| Cash | € 23,519 | € 16,643 | € 23,491 | € 14,800 | ▼ 37% |
| Retained profit | € 30,899 | € 45,771 | € 52,127 | € 35,272 | ▼ 32% |
| Balance sheet total | € 269,337 | € 310,744 | € 302,128 | € 328,173 | ▲ 9% |
Key figures of GHLM, 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 April 2027.
What happened to GHLM?
What happened at GHLM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,855 (▼ € 23,210 vs 2024). Source: NBB ↗
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,803 profit in 2022 to € 16,855 loss in 2025.
Paid € 14,377 in corporate taxes since 2022.
Best year ever: 2023, with € 14,872 profit.
Management
Behind GHLM are Ghislaine Holvoet and Laurence Marie Van Cauwenberghe. Ghislaine Holvoet is also behind LMH IMMO-INVEST. Laurence Marie Van Cauwenberghe is also behind AUDIO-VISUAL BUSINESS COMMUNICATION.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Elisabethlaan 24
3080 Tervuren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0676.619.045
- VAT number
- BE 0676.619.045
- Registered office
- Elisabethlaan 24, 3080 Tervuren
- Names & denominations
- GHLM · Mère et Fille
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2017
- Peppol
- Active · Active since 5 Mar 2026
- Activities · NACE
Vervaardiging van edelsmeedwerk
Groothandel in uurwerken en sieraden
Detailhandel in uurwerken en sieraden
Vervaardiging van imitatiesieraden en dergelijke artikelen
Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen
Reparatie en onderhoud van uurwerken en sieraden