GHAMMAD
Annual accounts 2025
micro format, filed on 03-07-2026, 28 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €270,000 and €420,000.
Balance sheet
balance sheet total €309,205 on 31-12-2025in euro
in euro
Position in the sector
37.5%
Higher than 30% of 21,322 companies in 2025.
1.57
Higher than 33% of 20,872 companies in 2025.
35.7%
Higher than 71% of 21,172 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
309,205 | 317,252 | 381,171 | 207,688 | |
20 |
- | - | 0 | 144 | |
21/28 |
39,998 | 59,451 | 76,966 | 28,554 | |
22/27 |
39,998 | 59,451 | 76,966 | 28,554 | |
23 |
4,716 | 9,069 | 13,422 | 17,775 | |
24 |
34,090 | 48,793 | 63,544 | 10,779 | |
26 |
1,192 | 1,589 | - | - | |
29/58 |
269,207 | 257,801 | 304,205 | 178,990 | |
40/41 |
3,734 | 4,405 | 4,279 | 1,034 | |
40 |
344 | 3,039 | 3,279 | 34 | |
41 |
3,390 | 1,367 | 1,000 | 1,000 | |
54/58 |
205,890 | 184,036 | 241,311 | 127,402 | |
490/1 |
59,584 | 69,359 | 58,615 | 50,554 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
309,205 | 317,252 | 381,171 | 207,688 | |
10/15 |
115,912 | 237,572 | 189,967 | 120,533 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
110,912 | 232,572 | 184,967 | 115,533 | |
17/49 |
193,293 | 79,679 | 191,204 | 87,154 | |
17 |
21,438 | 41,064 | 60,111 | 15,374 | |
170/4 |
21,438 | 41,064 | 60,111 | 15,374 | |
42/48 |
171,806 | 38,566 | 131,083 | 71,455 | |
42 |
19,626 | 19,046 | 18,504 | 5,117 | |
44 |
329 | 964 | 2,259 | 2,240 | |
440/4 |
329 | 964 | 2,259 | 2,240 | |
45 |
4,450 | 18,556 | 104,866 | 64,098 | |
450/3 |
2,450 | 16,556 | 102,666 | 62,848 | |
454/9 |
2,000 | 2,000 | 2,200 | 1,250 | |
47/48 |
147,400 | 0 | 5,455 | - | |
492/3 |
50 | 48 | 10 | 325 | |
| Income statement | |||||
9900 |
170,529 | 155,855 | 173,417 | 212,513 | |
630 |
19,453 | 19,501 | 13,678 | 10,239 | |
640/8 |
6,636 | 1,014 | 3,112 | 446 | |
9901 |
144,441 | 135,339 | 156,627 | 201,828 | |
75/76B |
0 | 41 | 0 | - | |
75 |
0 | 41 | 0 | - | |
65/66B |
2,021 | 2,555 | 1,640 | 966 | |
65 |
2,021 | 2,555 | 1,640 | 966 | |
9903 |
142,420 | 132,825 | 154,987 | 200,862 | |
67/77 |
32,080 | 29,996 | 33,348 | 52,281 | |
9904 |
110,340 | 102,828 | 121,638 | 148,581 | |
9905 |
110,340 | 102,828 | 121,638 | 148,581 | |
| Appropriation of the result | |||||
9906 |
342,912 | 287,796 | 237,172 | 148,581 | |
14P |
232,572 | 184,967 | 115,533 | - | |
694/7 |
232,000 | 55,223 | 52,204 | 33,048 | |
694 |
232,000 | 55,223 | 46,749 | 33,048 | |
695 |
- | 0 | 5,455 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 163,894 | 154,840 | 170,305 | 212,067 | ||
| 129,793 | 122,330 | 135,317 | 158,820 | ||
| 0 | 1,986 | 72,725 | 37,266 | ||
| 21,854 | -57,275 | 113,909 | - | ||
| 97,402 | 219,234 | 173,122 | 107,535 | ||
| 37.5% | 74.9% | 49.8% | 58.0% | ||
| 1.57 | 6.68 | 2.32 | 2.50 | ||
| 1.67 | 0.34 | 1.01 | 0.72 | ||
| 95.2% | 43.3% | 64.0% | 123.3% | ||
| 35.7% | 32.4% | 31.9% | 71.5% | ||
| 81.11 | 60.60 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,986 | €72,725 | €37,266 |
| €19,453 | €19,501 | €13,678 | €10,239 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GHAMMAD
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 25.1% to 62.5%. Equity is lower and debt is higher.