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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
72 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
GM-02 from Tournai, company number BE0795271920, closed financial year 2025 with a result of € -6,032 after tax. For that financial year GM-02 recorded a gross margin of € -5,351 and equity of € -14,093. Compared with financial year 2024, the result moved from € -4,422 to € -6,032. 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 November 17, 2025.
€ -14,093
▼ € 6,032 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,032
▼ 36 % more loss than in 2024
Profit after tax over the fiscal year.
€ 120,062
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15,093.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -4,607 | € -3,754 | € -5,351 | ▼ € 1,597 |
| Profit after taxes | € -4,639 | € -4,422 | € -6,032 | ▼ € 1,610 |
| Equity | € -3,639 | € -8,061 | € -14,093 | ▼ € 6,032 |
| Total debts | € 6,562,360 | € 6,675,627 | € 6,675,627 | |
| Cash | € 19,666 | € 129,011 | € 120,062 | ▼ 7% |
| Retained profit | € -4,639 | € -9,061 | € -15,093 | ▼ € 6,032 |
| Balance sheet total | € 6,558,721 | € 6,667,566 | € 6,661,535 |
Key figures of GM-02, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GM-02?
What happened at GM-02 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,032. Source: NBB ↗
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
- Gilles MULLIEZ became a director. NBB
In short
From € 4,639 loss in 2023 to € 6,032 loss in 2025.
Management
Behind GM-02 is Gilles MULLIEZ. Gilles MULLIEZ is also behind GEMOTO.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Chaussée de Tournai(R-C) 52 box 1
7520 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 72 companies are registered at this address.
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€ 773,678 gross margin · 2026
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€ 11.8 million revenue · 2025
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€ 474,131 gross margin · 2025
VDIB HOLDING
€ -24,751 gross margin · 2025
+67 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
- 0795.271.920
- VAT number
- BE 0795.271.920
- Registered office
- Chaussée de Tournai(R-C) 52 bus 1, 7520 Tournai
- Names & denominations
- GM-02
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2022
- Peppol
- Not registered