Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GM ASSOCIATION from Genappe, company number BE0715399546, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year GM ASSOCIATION recorded a gross margin of € 2.9 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 567,270 to € 1.2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 2.6 million
▲ 93% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 118% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ 35% 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 € 2.6 million.
People and assets in 2025
27.6
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 35% vs 2024
€ 40,600 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.
€ 54,442
▼ 22% vs 2024
Of which on lease € 3,536.
Debts at end 2025
€ 1.7 million
▲ 171% vs 2024
Loans from banks and other lenders, long and short.
€ 4.6 million
▲ 140% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2.2 million
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 443,874 | € 1,638,492 | € 1,965,726 | € 2,902,380 | ▲ 48% |
| Profit after taxes | € 196,138 | € 723,808 | € 567,270 | € 1,237,137 | ▲ 118% |
| Equity | € 440,031 | € 760,208 | € 1,327,478 | € 2,564,615 | ▲ 93% |
| Total debts | € 1,234,212 | € 4,316,340 | € 4,555,314 | € 10,935,535 | ▲ 140% |
| Cash | € 796,882 | € 2,747,354 | € 2,189,240 | € 2,944,921 | ▲ 35% |
| Land & buildings | € 563,120 | € 549,102 | € 533,811 | € 518,541 | ▼ 3% |
| Retained profit | € 427,631 | € 747,808 | € 1,315,078 | € 2,552,215 | ▲ 94% |
| Dividend | € 0 | € 403,631 | € 0 | € 0 | |
| Bank debt | € 594,917 | € 411,245 | € 620,646 | € 1,682,180 | ▲ 171% |
| Balance sheet total | € 1,674,243 | € 5,076,548 | € 5,882,792 | € 13,500,150 | ▲ 129% |
| Employees (FTE) | - | - | - | 27.6 |
Key figures of GM ASSOCIATION, 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 GM ASSOCIATION?
What happened at GM ASSOCIATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ 118% vs 2024). filed late Source: NBB ↗
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 196,138 profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
On average € 105,200 of value added per employee in 2025.
A new publication or filing at GM ASSOCIATION? 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
Behind GM ASSOCIATION are GAUTHIER IMANDT and MATHIS CHARLIER.
Directors
According to the 2025 annual accounts
GAUTHIER IMANDT
Director
MATHIS CHARLIER
Director
Establishments
Establishment units
Physical locations of this company
Rue du Château 95
1470 Genappe
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.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
flowup.shop
Registered
2019-11-24
Registrar
OVH, SAS
Expires
2027-11-24
Website info
Features
Security
Network
Details
- Company number
- 0715.399.546
- VAT number
- BE 0715.399.546
- Registered office
- Rue du Château 95, 1470 Genappe
- Names & denominations
- GM ASSOCIATION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2018
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- flowup.shop
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Vervaardiging van computers en randapparatuur
Computerconsultancy-activiteiten
Detailhandel via postorderbedrijven of via internet
Overige diensten op het gebied van informatietechnologie en computer
Detailhandel in ICT-apparatuur
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Overige dienstverlenende activiteiten op het gebied van informatie
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