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.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GF4 from Liège, company number BE0688521836, closed financial year 2025 with a result of € 31,479 after tax. For that financial year GF4 recorded a gross margin of € 214,507 and equity of € -210,498. Compared with financial year 2024, the result moved from € -5,438 to € 31,479. Profitable, and profit is growing. 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 May 15, 2026.
€ -210,498
▲ € 31,479 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,479
▲ still € 5,438 loss in 2024
Profit after tax over the fiscal year.
€ 3,693
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -229,098.
People and assets in 2025
€ 149,059
▲ 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.
€ 3,434
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 30,129
▼ 53% vs 2024
€ 28,825 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 88,272
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,265
▼ 57% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 133,873 | € 108,920 | € 185,551 | € 214,507 | ▲ 16% |
| Profit after taxes | € -40,942 | € -52,326 | € -5,438 | € 31,479 | ▲ € 36,917 |
| Equity | € -184,213 | € -236,539 | € -241,978 | € -210,498 | ▲ € 31,479 |
| Total debts | € 405,904 | € 380,371 | € 405,048 | € 345,438 | ▼ 15% |
| Cash | € 8,606 | € 3,121 | € 4,822 | € 3,693 | ▼ 23% |
| Retained profit | € -202,813 | € -255,139 | € -260,578 | € -229,098 | ▲ € 31,479 |
| Bank debt | € 133,776 | € 97,833 | € 64,206 | € 30,129 | ▼ 53% |
| Balance sheet total | € 221,690 | € 143,832 | € 163,070 | € 134,939 | ▼ 17% |
Key figures of GF4, 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 GF4?
What happened at GF4 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,479. Source: NBB ↗
- ML Group SRL became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,942 loss in 2022 to € 31,479 profit in 2025.
Best year ever: 2025, with € 31,479 profit.
A new publication or filing at GF4? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ML Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GF4Behind GF4 are ML Group SRL, Guldman Sachs SRL and GF Invest Management SPRL. The shares are held by ML Group (50%).
Directors
According to the 2025 annual accounts
since 2024
Director · represented by Maxime Guldentops
Also active at: GF4.2, MOBILITY PARTNERS, GFPM, MACCIONE GROUP
Director · represented by Gregory Franchi
Also active at: TRANSPORTS LOUIS FRISAYE, GREG TRANSPORTS, GF 2, DGF INVEST, AVROY, ALTRO, GDMT IMMO, GFA CLINIC +10 more
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place du Vingt-Août 30-34
4000 Liège
Place du Vingt-Août 34 box 3
4000 Liège
Active since 16 January 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0688.521.836
- VAT number
- BE 0688.521.836
- Registered office
- Place du Vingt-Août 30-34, 4000 Liège
- Names & denominations
- GF4
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 2018
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening