GMG
ActiveSummary
GMG has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159k and a net result of €113k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 1530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 2.89 in 2024; short-term debt: 24% and cash: 89% of total assets), and 24% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← 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
76%
Return on assets
53.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €159k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
3 d late
2024
on the day
2023
8 d early
2022
27 d late
2021
on the day
2020
3 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€159k▲ 148%
2024 · €64k
Total assets
€209k▲ 144%
2024 · €86k
Net result
€113k▲ 137%
2024 · €48k
Working capital
€145k▲ 253%
2024 · €41k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-1k€-139▲ 87.9%€5k€72k▲ 1,365%€146k▲ 102%
Net result€-1k€-319▲ 72.4%€3k€48k▲ 1,390%€113k▲ 137%
Equity€13k▼ 7.9%€13k▼ 2.4%€16k▲ 24.4%€64k▲ 292%€159k▲ 148%
Total assets€16k▼ 19.5%€15k▼ 4.0%€21k▲ 41.0%€86k▲ 305%€209k▲ 144%
Debt€2k▼ 54.2%€2k▼ 13.7%€5k▲ 155%€22k▲ 347%€50k▲ 131%
Working capital€9k▼ 0.2%€10k▲ 8.6%€12k▲ 19.1%€41k▲ 239%€145k▲ 253%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 102% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€14k ▼ 40.2%
Current assets
€196k ▲ 210%
Equity and liabilities €209k
Equity
€159k ▲ 148%
Debt
€50k ▲ 131%
Debt's share of the balance-sheet total falls from 25.4% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155k▲
2024 · €77k
Cash flow
€122k▲
2024 · €52k
Current ratio
3.90▲
2024 · 2.89
Debt to equity
0.32▼
2024 · 0.34
ROE
70.9%▼
2024 · 74.5%
ROA
53.9%▼
2024 · 55.6%
Interest coverage
577.29▲
2024 · 163.34
Debt ≤ 1 year
€50k▲
2024 · €22k
Income taxes
€34k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €4k | €9k | ▲ 103% |
| Other operating charges640/8 | - | €451 | - | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | €377 | - |
| Gross operating margin9900 | €-12 | €1k | €6k | €77k | €156k | ▲ 103% |
| Operating profit (loss)9901 | €-1k | €-139 | €5k | €72k | €146k | ▲ 102% |
| Financial income75/76B | €156 | €32 | €43 | €292 | €763 | ▲ 162% |
| Recurring financial income75 | €156 | €32 | €43 | €292 | €763 | ▲ 162% |
| Financial charges65/66B | €168 | €212 | €340 | €480 | €269 | ▼ 44.0% |
| Recurring financial charges65 | €163 | €163 | €205 | €469 | €269 | ▼ 42.7% |
| Non-recurring financial charges66B | €5 | €48 | €135 | €11 | - | - |
| Profit (loss) for the period before taxes9903 | €-1k | €-319 | €5k | €72k | €147k | ▲ 104% |
| Income taxes67/77 | - | - | €1k | €24k | €34k | ▲ 39.4% |
| Profit (loss) for the period9904 | €-1k | €-319 | €3k | €48k | €113k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-319 | €3k | €48k | €113k | ▲ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €15k | €21k | €86k | €209k | ▲ 144% |
| Fixed assets21/28 | €4k | €3k | €4k | €23k | €14k | ▼ 40.2% |
| Intangible fixed assets21 | €3k | €2k | €2k | €744 | - | - |
| Tangible fixed assets22/27 | €965 | €591 | €3k | €22k | €14k | ▼ 38.2% |
| Plant, machinery and equipment23 | €565 | €391 | €2k | €1k | €997 | ▼ 27.4% |
| Furniture and vehicles24 | €400 | €200 | €718 | €21k | €13k | ▼ 38.9% |
| Financial fixed assets28 | €43 | €43 | €43 | €43 | €43 | = |
| Current assets29/58 | €12k | €12k | €17k | €63k | €196k | ▲ 210% |
| Amounts receivable after more than one year29 | €2k | €1k | €2k | - | - | - |
| Other amounts receivable291 | €2k | €1k | €2k | - | - | - |
| Amounts receivable within one year40/41 | €5k | €7k | €13k | €9k | €8k | ▼ 7.8% |
| Trade receivables40 | €3k | €2k | €9k | €1k | €5k | ▲ 365% |
| Other amounts receivable41 | €3k | €4k | €4k | €7k | €2k | ▼ 66.8% |
| Cash at bank and in hand54/58 | €4k | €4k | €2k | €54k | €186k | ▲ 244% |
| Deferred charges and accrued income490/1 | - | - | - | €259 | €1k | ▲ 435% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €15k | €21k | €86k | €209k | ▲ 144% |
| Equity10/15 | €13k | €13k | €16k | €64k | €159k | ▲ 148% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €19k | ▲ 200% |
| Reserves13 | €7k | €7k | €10k | €58k | €140k | ▲ 143% |
| Non-distributable reserves130/1 | €156 | €156 | - | - | - | - |
| Reserves not available under the articles1311 | €156 | €156 | - | - | - | - |
| Distributable reserves133 | €7k | €7k | €10k | €58k | €140k | ▲ 143% |
| Amounts payable17/49 | €2k | €2k | €5k | €22k | €50k | ▲ 131% |
| Amounts payable within one year42/48 | €2k | €2k | €5k | €22k | €50k | ▲ 131% |
| Trade debts44 | €2k | €2k | €917 | €2k | €12k | ▲ 677% |
| Suppliers440/4 | €2k | €2k | €917 | €2k | €12k | ▲ 677% |
| Taxes, remuneration and social security45 | - | - | €4k | €20k | €34k | ▲ 70.2% |
| Taxes450/3 | - | - | €4k | €20k | €34k | ▲ 70.2% |
| Other amounts payable47/48 | - | - | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-319 | €3k | €48k | €113k | ▲ 137% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €4k | €9k | ▲ 103% |
| Operating cash flow (approximation) | €-23 | €812 | €5k | €52k | €122k | ▲ 134% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €-23k | €377 | ▲ 102% |
| Change in cash | - | €-51 | €-2k | €52k | €132k | ▲ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Highest result since 2019net €113k ▲137%
Operating result €146k, net result €113k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲148%
3 profitable years in a row build equity to €159k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aiseau-Presles · 1 establishment unit since 2019
Ground area
771 m²
Building footprint
58 m²
Volume, LiDAR
497 m³
Parcel 52056B0147/08_000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GMG
since 20192.285.719.777
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52056B0147/08_000 | Wallonia | 771 m² | 1 · 58 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 796 companies in sector 59201 we hold annual accounts for 162. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
59201Sound recording
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
90311Arts creation and performing arts activities
90111Literary creation
Contact
E-mail
grisi_gwenael@yahoo.frAiseau-Presles
Scores and ratios are computed by Checked and are not a credit decision.