What does G.A.B. LUXURY do?

G.A.B. LUXURY is a shop in Ternat. Public Limited, started on 7 March 2011, 1 establishment.

What is the address of G.A.B. LUXURY?

The registered office of G.A.B. LUXURY is located at Assesteenweg 96, 1740 Ternat.

Is G.A.B. LUXURY still active?

No. The CBE lists G.A.B. LUXURY with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is G.A.B. LUXURY registered on Peppol?

No, G.A.B. LUXURY is currently not registered on the Peppol network.

What is the enterprise number of G.A.B. LUXURY?

The enterprise number of G.A.B. LUXURY is BE0834316103.

When was G.A.B. LUXURY founded?

G.A.B. LUXURY was founded on 7 March 2011.

Who owns G.A.B. LUXURY?

The shares are held by LVAB HOLDING (99%) and G.A.B.CONTROLE HOLDING (1%).

Is G.A.B. LUXURY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 7 March 2011; 4 annual accounts filed, latest fiscal year 2024.

How much profit did G.A.B. LUXURY make in 2024?

G.A.B. LUXURY recorded a loss after taxes of € 638,817 in financial year 2024.

What is the revenue of G.A.B. LUXURY?

In its most recent annual accounts (2024), G.A.B. LUXURY reported revenue of € 469,591.

How much does an employee at G.A.B. LUXURY earn?

The average wage cost per full-time employee at G.A.B. LUXURY was € 53,100 in 2023: staff costs of € 286,658 for 5.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

G.A.B. LUXURY (Public Limited) - Ternat - BE0834316103

Dossier G.A.B. LUXURY, printed on 1 November 2026 from databakkes.be/en/0834316103/g-a-b-luxury. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 3 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 29 % of short-term debt in 2024; threshold 65 %.
Busy address KBO

19 other companies have their registered office at the same address; threshold 10.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2024

G.A.B. LUXURY from Ternat, company number BE0834316103, closed financial year 2024 with a result of € -638,817 after tax. For that financial year G.A.B. LUXURY recorded revenue of € 469,591 and equity of € -1.5 million. Compared with financial year 2023, the result moved from € -500,476 to € -638,817. 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 December 9, 2025.

What it is worth Caution

€ -1.5 million

▼ € 638,817 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -638,817

▼ 28 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 60,031

▲ 50% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.5 million.

People and assets in 2024

Wage cost

€ 25,624

▼ 91% vs 2023

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2024

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 146,819

▼ 27% vs 2023

€ 78,595 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 557,370

▲ 45% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 384,451 Revenue 2021: € 384,451 First fiscal year in the series	€ 1,159,806 Revenue 2022: € 1,159,806 ▲ 202% vs 2021 (€ 384,451) Favourable step	€ 1,525,876 Revenue 2023: € 1,525,876 ▲ 32% vs 2022 (€ 1,159,806) Favourable step	€ 469,591 Revenue 2024: € 469,591 ▼ 69% vs 2023 (€ 1,525,876) Unfavourable step	▼ 69%
Gross margin	€ 64,943 Gross margin 2021: € 64,943 First fiscal year in the series	€ 3,736 Gross margin 2022: € 3,736 ▼ 94% vs 2021 (€ 64,943) Unfavourable step	€ -81,709 Gross margin 2023: € -81,709 ▼ € 85,445 vs 2022 (€ 3,736) Unfavourable step	€ -150,330 Gross margin 2024: € -150,330 ▼ € 68,622 vs 2023 (€ -81,709) Unfavourable step	▼ € 68,622
Profit after taxes	€ -5,928 Profit after taxes 2021: € -5,928 First fiscal year in the series	€ -378,809 Profit after taxes 2022: € -378,809 ▼ € 372,880 vs 2021 (€ -5,928) Unfavourable step	€ -500,476 Profit after taxes 2023: € -500,476 ▼ € 121,667 vs 2022 (€ -378,809) Unfavourable step	€ -638,817 Profit after taxes 2024: € -638,817 ▼ € 138,341 vs 2023 (€ -500,476) Unfavourable step	▼ € 138,341
Equity	€ 60,080 Equity 2021: € 60,080 First fiscal year in the series	€ -318,729 Equity 2022: € -318,729 ▼ € 378,809 vs 2021 (€ 60,080) Unfavourable step	€ -819,205 Equity 2023: € -819,205 ▼ € 500,476 vs 2022 (€ -318,729) Unfavourable step	€ -1,458,021 Equity 2024: € -1,458,021 ▼ € 638,817 vs 2023 (€ -819,205) Unfavourable step	▼ € 638,817
Total debts	€ 711,019 Total debts 2021: € 711,019 First fiscal year in the series	€ 1,679,442 Total debts 2022: € 1,679,442 ▲ 136% vs 2021 (€ 711,019) Unfavourable step	€ 1,584,901 Total debts 2023: € 1,584,901 ▼ 6% vs 2022 (€ 1,679,442) Favourable step	€ 2,217,020 Total debts 2024: € 2,217,020 ▲ 40% vs 2023 (€ 1,584,901) Unfavourable step	▲ 40%
Cash	€ 70,584 Cash 2021: € 70,584 First fiscal year in the series	€ 44,995 Cash 2022: € 44,995 ▼ 36% vs 2021 (€ 70,584) Unfavourable step	€ 39,950 Cash 2023: € 39,950 ▼ 11% vs 2022 (€ 44,995) Unfavourable step	€ 60,031 Cash 2024: € 60,031 ▲ 50% vs 2023 (€ 39,950) Favourable step	▲ 50%
Retained profit	€ -7,203 Retained profit 2021: € -7,203 First fiscal year in the series	€ -386,012 Retained profit 2022: € -386,012 ▼ € 378,809 vs 2021 (€ -7,203) Unfavourable step	€ -886,488 Retained profit 2023: € -886,488 ▼ € 500,476 vs 2022 (€ -386,012) Unfavourable step	€ -1,525,304 Retained profit 2024: € -1,525,304 ▼ € 638,817 vs 2023 (€ -886,488) Unfavourable step	▼ € 638,817
Bank debt	€ 330,000 Bank debt 2021: € 330,000 First fiscal year in the series	€ 280,798 Bank debt 2022: € 280,798 ▼ 15% vs 2021 (€ 330,000) Favourable step	€ 201,300 Bank debt 2023: € 201,300 ▼ 28% vs 2022 (€ 280,798) Favourable step	€ 146,819 Bank debt 2024: € 146,819 ▼ 27% vs 2023 (€ 201,300) Favourable step	▼ 27%
Balance sheet total	€ 771,099 Balance sheet total 2021: € 771,099 First fiscal year in the series	€ 1,360,713 Balance sheet total 2022: € 1,360,713 ▲ 76% vs 2021 (€ 771,099) Unchanged	€ 765,696 Balance sheet total 2023: € 765,696 ▼ 44% vs 2022 (€ 1,360,713) Unchanged	€ 758,999 Balance sheet total 2024: € 758,999 ▼ 1% vs 2023 (€ 765,696) Unchanged	▼ 1%
Employees (FTE)	1.3 Employees (FTE) 2021: 1.3 First fiscal year in the series	7.2 Employees (FTE) 2022: 7.2 ▲ 5.9 vs 2021 (1.3) Unchanged	5.4 Employees (FTE) 2023: 5.4 ▼ 1.8 vs 2022 (7.2) Unchanged	-

Key figures of G.A.B. LUXURY, 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 G.A.B. LUXURY?

What happened at G.A.B. LUXURY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

G.A.B. LUXURY is active according to the CBE. Legal situation: Opening faillissement.

Dec 9, 2025 New annual accounts for financial year 2024: loss of € 638,817. filed late Source: NBB ↗
Mar 7, 2011 Start of the company according to the CBE. KBO
Feb 24, 2011 New establishment in Ternat. KBO

In short

From € 5,928 loss in 2021 to € 638,817 loss in 2024.

Paid € 877 in corporate taxes since 2021.

On average € 500 of value added per employee in 2022.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Assesteenweg 96

1740 Ternat

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.

All companies at this address →

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+14 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

0834.316.103

VAT number

BE 0834.316.103

Registered office

Assesteenweg 96, 1740 Ternat

Names & denominations

G.A.B. LUXURY

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Opening faillissement

Start date

7 March 2011

Peppol

Not registered

Activities · NACE

Detailhandel in kledingstoffen

Groothandel in schoeisel

View on CBE Public ↗ Annual accounts (NBB) ↗