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 47 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Gildan Activewear EU from Elsene, company number BE0768385894, closed financial year 2024 with a result of € 2.3 million after tax. For that financial year Gildan Activewear EU recorded revenue of € 93.3 million and equity of € 18.9 million. Compared with financial year 2023, the result moved from € 888,464 to € 2.3 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 October 21, 2025.
€ 18.9 million
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.3 million
▲ 163% vs 2023
Profit after tax over the fiscal year.
€ 785,978
▼ 67% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 5.5 million.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 5% vs 2023
€ 1.1 million 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.
€ 31,492
▼ 25% vs 2023
Of which on lease € 31,492.
Debts at end 2024
€ 34,820
▼ 17% vs 2023
Loans from banks and other lenders, long and short.
€ 62.8 million
▲ 74% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 265 days on average.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 30,273,361 | € 87,623,198 | € 74,805,638 | € 93,343,702 | ▲ 25% |
| Profit after taxes | € 628,067 | € 1,136,537 | € 888,464 | € 2,333,495 | ▲ 163% |
| Equity | € 16,503,067 | € 15,671,747 | € 16,560,211 | € 18,893,705 | ▲ 14% |
| Total debts | € 20,935,019 | € 35,421,608 | € 37,487,473 | € 63,649,952 | ▲ 70% |
| Cash | € 1,863,094 | € 2,456,087 | € 2,371,997 | € 785,978 | ▼ 67% |
| Retained profit | € 628,067 | € 1,691,122 | € 2,579,585 | € 5,526,300 | ▲ 114% |
| Bank debt | € 18,302 | € 57,685 | € 42,096 | € 34,820 | ▼ 17% |
| Balance sheet total | € 37,488,664 | € 51,093,355 | € 54,047,683 | € 82,543,657 | ▲ 53% |
| Employees (FTE) | 3 | 1 | 1 | 1 |
Key figures of Gildan Activewear EU, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Gildan Activewear EU?
What happened at Gildan Activewear EU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc-André Leblanc stepped down as director. NBB
- Marc Fraimund stepped down as director. NBB
- Chuckie J. Ward stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 2.3 million (▲ 163% vs 2023). filed late Source: NBB ↗
- Marc-André Leblanc became a director. NBB
- Marc Fraimund became a director. NBB
- Chuckie J. Ward became a director. NBB
- New establishment in Elsene. KBO
In short
From € 628,067 profit in 2021 to € 2.3 million profit in 2024.
Paid € 1.8 million in corporate taxes since 2021.
Best year ever: 2024, with € 2.3 million profit.
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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 shares are held by Gildan Activewear Inc. (100%).
Directors
According to the 2024 annual accounts
Marc-André Leblanc
Director
since 2025 · until 2026
Marc Fraimund
Director
since 2025 · until 2026
Chuckie J. Ward
Director
since 2025 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 65 box 11
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0768.385.894
- VAT number
- BE 0768.385.894
- Registered office
- Louizalaan 65 bus 11, 1050 Elsene
- Names & denominations
- Gildan Activewear EU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 2021
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in foto- en filmapparatuur en in andere optische artikelen