GILTAM
ActiveGILTAM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.89M and a net result of €-275k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-90
Solvency95▲+12
Growth61▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 8.81 against 4.22 in 2024; short-term debt: 9.8% and cash: 14% of total assets), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.2%
Return on assets
-6.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
21 d early
2023
9 d early
2022
39 d early
2021
26 d early
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.73M▼ 7.1%
2022 · €6.17M
2018: €3.00M
2019: €3.39M
2020: €4.03M
2021: €6.09M
2022: €6.17M
2018 → 2023
EBIT margin
8.6%▼ 0.2pp
2022 · 8.9%
2018: 8.6%
2019: 8.8%
2020: 0.8%
2021: 5.8%
2022: 8.9%
2018 → 2023
Net result
€-275k
2024 · €1.47M
2018: €232k
2019: €276k
2020: €7k
2021: €270k
2022: €427k
2023: €336k
2024: €1.47M
2018 → 2025
Working capital
€3.16M▼ 17.7%
2024 · €3.84M
2018: €1.84M
2019: €1.81M
2020: €1.91M
2021: €2.17M
2022: €4.71M
2023: €2.62M
2024: €3.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.09M-€6.17M▲ 1.3%€5.73M▼ 7.1%
Equity€2.73M-€3.16M▲ 15.7%€1.69M▼ 46.4%€3.17M▲ 87.0%€2.89M▼ 8.7%
Operating result€355k-€546k▲ 54.0%€495k▼ 9.3%€2.07M▲ 318%€-239k
Net result€270k-€427k▲ 58.1%€336k▼ 21.4%€1.47M▲ 338%€-275k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €239k after €2.07M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.12M
Fixed assets
€559k▲ 22.6%
Current assets
€3.56M▼ 29.2%
Equity and liabilities €4.12M
Equity
€2.89M▼ 8.7%
Debt
€1.23M▼ 47.0%
The debt ratio falls from 42.3% to 29.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-206k▼
2024 · €2.08M
Cash flow
€-242k▼
2024 · €1.48M
Solvency
70.2%▲
2024 · 57.7%
Current ratio
8.81▲
2024 · 4.22
Quick ratio
5.76▲
2024 · 2.29
Debt / equity
0.43▼
2024 · 0.73
ROE
-9.5%▼
2024 · 46.5%
ROA
-6.7%▼
2024 · 26.9%
Interest coverage
-2.52▼
2024 · 21.67
Debt
€1.23M▼
2024 · €2.32M
Debt ≤ 1 year
€404k▼
2024 · €1.19M
Debt > 1 year
€825k▼
2024 · €1.13M
Income taxes
€2k▼
2024 · €492k
Staff costs
€156k▲
2024 · €108k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.48M€4.12M▼
Fixed assets21/28€456k€559k▲
Intangible fixed assets21€8k€46k▲
Tangible fixed assets22/27€448k€513k▲
Land and buildings22€248k€248k=
Plant, machinery and equipment23€70k€66k▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€130k€199k▲
Financial fixed assets28€509€509=
Current assets29/58€5.03M€3.56M▼
Stocks and contracts in progress3€2.30M€1.23M▼
Stocks30/36€2.30M€1.23M▼
Amounts receivable within one year40/41€889k€1.75M▲
Trade receivables40€670k€529k▼
Other amounts receivable41€219k€1.22M▲
Cash at bank and in hand54/58€1.83M€576k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€5.48M€4.12M▼
Equity10/15€3.17M€2.89M▼
Contributions10/11€597k€597k=
Capital10€597k€597k=
Issued capital100€597k€597k=
Reserves13€1.10M€1.10M=
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Distributable reserves133€1.04M€1.04M=
Profit (loss) carried forward14€1.47M€1.20M▼
Amounts payable17/49€2.32M€1.23M▼
Amounts payable after more than one year17€1.13M€825k▼
Financial debts170/4€1.13M€825k▼
Amounts payable within one year42/48€1.19M€404k▼
Current portion of amounts payable after more than one year42€300k€300k=
Trade debts44€880k€83k▼
Suppliers440/4€880k€83k▼
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3-€885
Remuneration and social security454/9€13k€20k▲
Income statement
Code20242025
Non-recurring operating income76A€2.26M€2k▼
Remuneration, social security and pensions62€108k€156k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€33k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€139k€-38k▼
Other operating charges640/8€25k€41k▲
Non-recurring operating charges66A€6k-
Gross operating margin9900€2.35M€-47k▼
Operating profit (loss)9901€2.07M€-239k▼
Financial income75/76B€42k€48k▲
Recurring financial income75€42k€48k▲
Financial charges65/66B€146k€82k▼
Recurring financial charges65€96k€82k▼
Non-recurring financial charges66B€50k-
Profit (loss) for the period before taxes9903€1.97M€-273k▼
Income taxes67/77€492k€2k▼
Profit (loss) for the period9904€1.47M€-275k▼
Profit (loss) for the period to be appropriated9905€1.47M€-275k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.47M€1.20M▼
Profit (loss) brought forward from the previous period14P-€1.47M
Social balance
Average headcount (FTE)90871.92.5▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-275k ▼119%
Net result drops to €-275k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 8.81
Current ratio from 4.22 to 8.81; short-term debt falls from €1.19M to €404k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.47M ▲338%
Operating result €2.07M, net result €1.47M, both a record.
31-12
Financial
Equity above €2MEq €3.17M ▲87%
7 profitable years in a row build equity to €3.17M.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 6.44
Current ratio from 2.73 to 6.44; short-term debt falls from €1.25M to €865k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-05-2025
D&P Retail Solutions: Resigned as Manager
29-08-2023
Anja Schrauwen: Resigned as Director
29-08-2023
Nathalie Van Loco: Resigned as Director
29-08-2023
PELCKMANS HOLDING: Resigned as Director
29-08-2023
Rudi Pelckmans: Resigned as Director
02-04-2021
Pelckmans Jozef: Resigned as Managing director
08-01-2021
Tom Peickmans: Resigned as Director
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Parklaan 22300 TurnhoutGround area
2.0 ha
Building footprint
1.4 ha
Volume, LiDAR
101,975 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Giltam
since 20062.171.831.582
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0186/00X000 | Flanders | 1.9 ha | 1 · 1.2 ha | 13.3 m · 3 fl. |
| 72342A1226/00Y000 | Flanders | 807 m² | 1 · 1,737 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
1 parent companyParent company:GARDEN CENTER HOLDING
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 288 EUR awarded · 288 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 66 EUR |
| 2022 | 1 | 288 EUR | 222 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLommel2.171.831.582
Legal Entity Identifier
699400NPB02ONBB2VM48
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BE 0427.851.954
Ternat · Eq €2.72M
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Ottignies-Louvain-la-Neuve · Eq €2.69M
Of 3,387 companies in sector 47761 we hold annual accounts for 1,157. 431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1997
Fiscal year end31-12
Activities, NACEBEL
46499Wholesale of other household goods
47761Retail sale of flowers, plants, seeds and fertilisers
46220Wholesale trade
46211Wholesale trade
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:frederic.tassenoy@ohgreen.eu