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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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
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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
GMCH from Waterloo, company number BE1013343261, closed financial year 2025 with a result of € 81,685 after tax. For that financial year GMCH recorded a gross margin of € 134,372 and equity of € 98,559. Compared with financial year 2024, the result moved from € 11,875 to € 81,685. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 98,559
▲ € 81,685 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 81,685
▲ € 69,810 vs 2024
Profit after tax over the fiscal year.
€ 71,191
▲ € 62,281 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 93,559.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 44,807
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,241
▼ 18% vs 2024
€ 10,163 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5,819
▲ 291% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,619
▲ € 10,601 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 21,769 | € 134,372 | ▲ € 112,602 |
| Profit after taxes | € 11,875 | € 81,685 | ▲ € 69,810 |
| Equity | € 16,875 | € 98,559 | ▲ € 81,685 |
| Total debts | € 201,957 | € 165,933 | ▼ 18% |
| Cash | € 8,909 | € 71,191 | ▲ € 62,281 |
| Retained profit | € 11,875 | € 93,559 | ▲ € 81,685 |
| Bank debt | € 53,000 | € 43,241 | ▼ 18% |
| Balance sheet total | € 218,831 | € 264,492 | ▲ 21% |
Key figures of GMCH, fiscal years 2024 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 GMCH?
What happened at GMCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 81,685 (▲ € 69,810 vs 2024). Source: NBB ↗
- New establishment in Waterloo. KBO
- Georges Choufani became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 11,875 profit in 2024 to € 81,685 profit in 2025.
Paid € 24,619 in corporate taxes since 2024.
Best year ever: 2025, with € 81,685 profit.
Management
Behind GMCH is Georges Choufani.
Directors
According to the 2025 annual accounts
Georges Choufani
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Avenue Schattens (Adolphe) 49 box RDC
1410 Waterloo
Avenue Schattens (Adolphe) 49 box 2
1410 Waterloo
Active since 1 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1013.343.261
- VAT number
- BE 1013.343.261
- Registered office
- Avenue Schattens (Adolphe) 49 bus RDC, 1410 Waterloo
- Names & denominations
- GMCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2024
- Peppol
- Not registered