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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
88 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 2026
GLAM HOLDING from Elsene, company number BE0877764777, closed financial year 2026 with a result of € -335,281 after tax. For that financial year GLAM HOLDING recorded a gross margin of € -10,226 and equity of € -68.4 million. Compared with financial year 2025, the result moved from € -365,484 to € -335,281. 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 August 22, 2026.
€ -68.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -335,281
▲ 8 % less loss than in 2025
Profit after tax over the fiscal year.
€ 2,003
▼ 58% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -110.4 million.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 10,463
▲ € 8,496 vs 2025
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -25,624 | € -22,981 | € -9,979 | € -10,226 | ▼ € 246 |
| Profit after taxes | € -8,253,332 | € -306,565 | € -365,484 | € -335,281 | ▲ € 30,203 |
| Equity | € -67,347,987 | € -67,654,552 | € -68,020,036 | € -68,355,317 | |
| Total debts | € 67,411,138 | € 67,662,847 | € 68,032,911 | € 68,365,436 | |
| Cash | € 56,411 | € 1,555 | € 4,799 | € 2,003 | ▼ 58% |
| Retained profit | € -109,409,487 | € -109,716,052 | € -110,081,536 | € -110,416,817 | |
| Balance sheet total | € 63,151 | € 8,295 | € 12,874 | € 10,119 | ▼ 21% |
Key figures of GLAM HOLDING, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to GLAM HOLDING?
What happened at GLAM HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 335,281. Source: NBB ↗
- RED 5 SRL became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 8.3 million loss in 2023 to € 335,281 loss in 2026.
A new publication or filing at GLAM HOLDING? 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 GLAM HOLDING is RED 5 SRL. The shares are held by RED 5 SRL (98.5%). It owns 25% of STOCK J JENNYFER ISRAEL and 22.7% of NOUVEAU RETAIL SAS itself.
Directors
According to the 2026 annual accounts
Director · represented by Marc GROSMAN
since 2020
Shareholders
98.5%
Participations
STOCK J JENNYFER ISRAEL
25%
22.7%
Establishments
Establishment units
Physical locations of this company
Louizalaan 240 box 14
1050 Elsene
Rue de Bordeaux 50 box 1
6040 Charleroi
Active since 23 March 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
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€ -5,127 gross margin · 2025
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€ 18,652 gross margin · 2025
Financiële Vennootschap Frédéric Jacobs-Financière Frédéric Jacobs
€ -23,234 gross margin · 2025
WALT LOUISE
€ 208,349 gross margin · 2024
+83 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
- 0877.764.777
- VAT number
- BE 0877.764.777
- Registered office
- Louizalaan 240 bus 14, 1050 Elsene
- Names & denominations
- GLAM HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2005
- Peppol
- Not registered