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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GMAS 462 from Wevelgem, company number BE0795492545, closed financial year 2025 with a result of € -7,038 after tax. For that financial year GMAS 462 recorded a gross margin of € 43,420 and equity of € 333. Compared with financial year 2024, the result moved from € 4,209 to € -7,038. The company made a loss. The buffer shrank hard: equity is 95 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 333
▼ 95% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,038
▼ still € 4,209 profit in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4,467.
People and assets in 2025
€ 16
▼ € 6,667 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22,867
▲ 156% vs 2024
€ 9,672 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,338
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,585
▲ 147% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 36,855 | € 46,529 | € 43,420 | ▼ 7% |
| Profit after taxes | € -1,638 | € 4,209 | € -7,038 | ▼ € 11,247 |
| Equity | € 3,162 | € 7,371 | € 333 | ▼ 95% |
| Total debts | € 141,763 | € 127,983 | € 116,824 | ▼ 9% |
| Cash | - | € 5,475 | € 0 | ▼ 100% |
| Retained profit | € -1,638 | € 2,571 | € -4,467 | ▼ € 7,038 |
| Bank debt | € 23,629 | € 8,937 | € 22,867 | ▲ 156% |
| Balance sheet total | € 144,925 | € 135,354 | € 117,156 | ▼ 13% |
Key figures of GMAS 462, fiscal years 2023 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 GMAS 462?
What happened at GMAS 462 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,038 (▼ € 11,247 vs 2024). filed late Source: NBB ↗
- New establishment in Wevelgem. KBO
- Rungnapha Masschelein became a director. NBB
- Gert Masschelein became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,638 loss in 2023 to € 7,038 loss in 2025.
Paid € 30 in corporate taxes since 2023.
Best year ever: 2024, with € 4,209 profit.
A new publication or filing at GMAS 462? 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 GMAS 462 are Rungnapha Masschelein and Gert Masschelein.
Directors
According to the 2025 annual accounts
Rungnapha Masschelein
Director
since 2022
Gert Masschelein
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Overheulestraat 119
8560 Wevelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0795.492.545
- VAT number
- BE 0795.492.545
- Registered office
- Overheulestraat 119, 8560 Wevelgem
- Names & denominations
- GMAS 462
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2022
- Peppol
- Active · Active since 8 Apr 2025
- Activities · NACE
Overige fotografische activiteiten
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Organisatie van congressen en beurzen
Ontwerpen van computerprogramma’s
Andere ondersteunende activiteiten voor scheppende en uitvoerende kunst, neg
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Overige ondersteunende activiteiten voor de uitvoerende kunsten
Ontwerpen en programmeren van computerprogramma's
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