GLOM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 3 filings
Equity
€6,809▼ 83.2%
2024 · €40,580
Net result
-€33,771▼ 541%
2024 · -€5,269
Total assets
€2.7m▲ 4.5%
2024 · €2.6m
Solvency
0.2%▼ 1.3pp
2024 · 1.5%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€64,138
▼ 48.7%
2025
20232025
Net result
-€33,771
▼ 541%
2025
lowest quarter of the sector
20232025
Equity
€6,809
▼ 83.2%
2025
lowest quarter of the sector
20232025
Total assets
€2.7m
▲ 4.5%
2025
lowest quarter of the sector
20232025
Debt
€2.7m
▲ 5.9%
2025
20232025
Working capital
€8,027
▼ 80.8%
2025
middle half of the sector
20232025
Solvency
0.2%
▼ 1.3pp
2025
lowest quarter of the sector
20232025
Current ratio
1.00
▼ 0.01
2025
middle half of the sector
20232025
Return on assets (ROA)
-1.2%
▼ 1.0pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.1m-€0.1m▲ 23.5%€0.06m▼ 48.7%
Net result-€0.02mbelow the sector's middle half--€0.005mbelow the sector's middle half▲ 67.4%-€0.03mbelow the sector's middle half▼ 541%
Equity€0.05mbelow the sector's middle half-€0.04mbelow the sector's middle half▼ 11.5%€0.007mbelow the sector's middle half▼ 83.2%
Total assets€2.4mwithin the sector's middle half-€2.6mwithin the sector's middle half▲ 7.9%€2.7mbelow the sector's middle half▲ 4.5%
Debt€2.4m-€2.6m▲ 8.2%€2.7m▲ 5.9%
Working capital€0.06mwithin the sector's middle half-€0.04mwithin the sector's middle half▼ 29.8%€0.008mwithin the sector's middle half▼ 80.8%
Solvency1.9%below the sector's middle half-1.5%below the sector's middle half▼ 0.3pp0.2%below the sector's middle half▼ 1.3pp
Current ratio1.03within the sector's middle half-1.02within the sector's middle half▼ 0.011.00within the sector's middle half▼ 0.01
Return on assets (ROA)-0.7%below the sector's middle half--0.2%below the sector's middle half▲ 0.5pp-1.2%below the sector's middle half▼ 1.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 49% lower than in 2024 and the lowest since 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.7m
Equity
€6,809 ▼ 83.2%
Debt
€2.7m ▲ 5.9%
Debt's share of the balance-sheet total rises from 98.5% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-496.0%▼
2024 · -13.0%
Debt ≤ 1 year
€2.7m▲
2024 · €2.6m
A ratio outside any meaningful range has been withheld (balance sheet total €2.7m, equity €6,809).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts secured on the company's own assets | €1.8m | €1.8m | €1.8m |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €1.7m | €1.7m | €11.3m |
| Carrying value of the mortgaged assets | €2.2m | €2.2m | €2.5m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,041 | - | - | - |
| Other operating charges640/8 | €88,141 | €851 | €55,457 | ▲ 65× |
| Gross operating margin9900 | €193,482 | €125,910 | €119,595 | ▼ 5.0% |
| Operating profit (loss)9901 | €101,300 | €125,060 | €64,138 | ▼ 48.7% |
| Financial charges65/66B | €117,451 | €130,329 | €97,909 | ▼ 24.9% |
| Recurring financial charges65 | €117,451 | €130,329 | €97,909 | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | -€16,151 | -€5,269 | -€33,771 | ▼ 541% |
| Profit (loss) for the period9904 | -€16,151 | -€5,269 | -€33,771 | ▼ 541% |
| Profit (loss) for the period to be appropriated9905 | -€16,151 | -€5,269 | -€33,771 | ▼ 541% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.4m | €2.6m | €2.7m | ▲ 4.5% |
| Current assets29/58 | €2.4m | €2.6m | €2.7m | ▲ 4.5% |
| Stocks and contracts in progress3 | €2.4m | €2.4m | €2.5m | ▲ 1.4% |
| Stocks30/36 | €2.4m | €2.4m | €2.5m | ▲ 1.4% |
| Amounts receivable within one year40/41 | €0.02m | €0.2m | €0.3m | ▲ 43.1% |
| Trade receivables40 | - | €0.2m | €0.3m | ▲ 67.9% |
| Other amounts receivable41 | €0.02m | €0.04m | €0.01m | ▼ 67.7% |
| Cash at bank and in hand54/58 | €0.01m | €0.001m | €0.001m | ▲ 60.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.4m | €2.6m | €2.7m | ▲ 4.5% |
| Equity10/15 | €0.05m | €0.04m | €0.007m | ▼ 83.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.06m | ▼ 158% |
| Amounts payable17/49 | €2.4m | €2.6m | €2.7m | ▲ 5.9% |
| Amounts payable within one year42/48 | €2.4m | €2.6m | €2.7m | ▲ 5.9% |
| Financial debts43 | €1.8m | €1.8m | €1.8m | = |
| Credit institutions430/8 | €1.8m | €1.8m | €1.8m | = |
| Trade debts44 | €0.005m | €0.007m | €0.004m | ▼ 46.6% |
| Suppliers440/4 | €0.005m | €0.007m | €0.004m | ▼ 46.6% |
| Taxes, remuneration and social security45 | - | €0.003m | €41 | ▼ 98.4% |
| Taxes450/3 | - | €0.003m | €41 | ▼ 98.4% |
| Other amounts payable47/48 | €0.6m | €0.8m | €1.0m | ▲ 19.4% |
| Accrued charges and deferred income492/3 | €0.01m | €0.001m | €0.001m | ▼ 3.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,151 | -€5,269 | -€33,771 | ▼ 541% |
| + Depreciation and write-downs630 | €4,041 | - | - | - |
| Operating cash flow (approximation) | -€12,110 | -€5,269 | -€33,771 | ▼ 541% |
| Change in cash | - | -€13,985 | €326 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.