Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 5 % 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
GLAM CODE from Sint-Agatha-Berchem, company number BE0683527425, closed financial year 2025 with a result of € -65,205 after tax. For that financial year GLAM CODE recorded a gross margin of € -39,393 and equity of € -91,535. Compared with financial year 2024, the result moved from € 3,106 to € -65,205. 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 April 2, 2026.
€ -91,535
▼ € 65,205 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,205
▼ still € 3,106 profit in 2024
Profit after tax over the fiscal year.
€ 971
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -103,935.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 15,836
▼ 5% 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,739
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,352
▼ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,175 | € 5,829 | € 27,881 | € -39,393 | ▼ € 67,274 |
| Profit after taxes | € -19,631 | € -23,680 | € 3,106 | € -65,205 | ▼ € 68,311 |
| Equity | € -5,755 | € -29,435 | € -26,330 | € -91,535 | ▼ € 65,205 |
| Total debts | € 56,110 | € 73,027 | € 84,095 | € 110,099 | ▲ 31% |
| Cash | € 9,126 | € 3,401 | € 9,803 | € 971 | ▼ 90% |
| Retained profit | € -18,155 | € -41,835 | € -38,730 | € -103,935 | ▼ € 65,205 |
| Bank debt | € 9,784 | € 2,019 | € 0 | € 0 | |
| Balance sheet total | € 50,355 | € 43,592 | € 57,765 | € 18,564 | ▼ 68% |
Key figures of GLAM CODE, 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 GLAM CODE?
What happened at GLAM CODE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,205 (▼ € 68,311 vs 2024). Source: NBB ↗
- Isabelle MAHIEU became a director. NBB
- New establishment in Sint-Agatha-Berchem. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,631 loss in 2022 to € 65,205 loss in 2025.
Paid € 3,405 in corporate taxes since 2022.
Best year ever: 2024, with € 3,106 profit.
Management
Behind GLAM CODE is Isabelle MAHIEU.
Directors
According to the 2025 annual accounts
Isabelle MAHIEU
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Kasterlindenstraat 17
1082 Sint-Agatha-Berchem
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 →VDS BELGIUM
ARDEFI
€ -35,208 gross margin · 2025
KENTYS
€ 710,812 gross margin · 2026
TRALHEN CAPITAL INVEST
€ 124,639 gross margin · 2026
iSTORES
€ 3,435 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
- 0683.527.425
- VAT number
- BE 0683.527.425
- Registered office
- Kasterlindenstraat 17, 1082 Sint-Agatha-Berchem
- Names & denominations
- GLAM CODE · GLAM WEMMEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 2017
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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